Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 46

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 46
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 1.55%6.11%September 30, 2035Great Lakes Statutory Trust IIDecember 20056,186 3-month SOFR plus 1.40%5.96%December 15, 2035Home Federal Statutory   Trust ISeptember 200615,464 3-month SOFR plus 1.65%6.21%September 15, 2036Monroe Bancorp Capital   Trust IJuly 20063,093 3-month SOFR plus 1.60%6.16%October 7, 2036Tower Capital Trust 3December 20069,279 3-month SOFR plus 1.69%6.27%March 1, 2037Monroe Bancorp Statutory   Trust IIMarch 20075,155 3-month SOFR plus 1.60%6.16%June 15, 2037Great Lakes Statutory Trust IIIJune 20078,248 3-month SOFR plus 1.70%6.26%September 15, 2037Total$136,643 Leveraged LoansThe leveraged loans are directly related to the NMTC structure. As part of the transaction structure, Old National has the right to sell its interest in the entity that received the leveraged loans at an agreed upon price to the leveraged lender at the end of the NMTC seven-year compliance period. See Note 9 to the consolidated financial statements for additional information on the Company’s NMTC investments.Finance Lease LiabilitiesOld National has long-term finance lease liabilities for certain banking centers and equipment totaling $23.4 million at March 31, 2025. See Note 7 to the consolidated financial statements for a maturity analysis of the Company’s finance lease liabilities.

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NOTE 13 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes within each classification of AOCI, net of tax:(dollars in thousands)UnrealizedGains andLosses onAvailable-for-Sale DebtSecuritiesUnrecognizedGains andLosses onHeld-to-MaturitySecuritiesGains andLosses onHedgesTotalThree Months Ended March 31, 2025Balance at beginning of period$(668,063)$(82,294)$4,314 $(746,043)Other comprehensive income (loss) before reclassifications85