Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 67

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 67
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—   Fair Value Measurements at December 31, 2024 Using(dollars in thousands)Carrying ValueQuoted Prices inActive Markets forIdentical Assets (Level 1)SignificantOtherObservableInputs (Level 2)SignificantUnobservableInputs (Level 3)Financial Assets    Equity securities$91,996 $91,996 $— $— Investment securities available-for-sale:U.S. Treasury199,013 199,013 — — U.S. government-sponsored entities and agencies1,257,906 — 1,257,906 — Mortgage-backed securities - Agency5,204,891 — 5,204,891 — States and political subdivisions485,544 — 485,544 — Pooled trust preferred securities11,322 — 11,322 — Other securities299,783 — 299,783 — Loans held-for-sale34,483 — 34,483 — Derivative assets146,478 — 146,478 — Financial LiabilitiesDerivative liabilities244,313 — 244,313 — Non-Recurring BasisAssets measured at fair value at June 30, 2025 on a non-recurring basis are summarized below:  Fair Value Measurements at June 30, 2025 Using(dollars in thousands)CarryingValueQuoted Prices inActive Markets forIdentical Assets(Level 1)SignificantOtherObservableInputs (Level 2)SignificantUnobservableInputs(Level 3)Collateral Dependent Loans:    Commercial loans$51,725 $— $— $51,725 Commercial real estate loans108,763 — — 108,763 Foreclosed Assets:Commercial975 — — 975 Residential1,809 — — 1,809 

47

Commercial and commercial real estate loans that are deemed collateral dependent are valued using the discounted cash flows. The liquidation amounts are based on the fair value of the underlying collateral using the most recently available appraisals with certain adjustments made based on the type of property, age of appraisal, current status of the property, and other related factors to estimate the current value of the collateral. These commercial and commercial real estate loans had a principal amount of $213.5 million, with