Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 69

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 69
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 statusCommercial real estate loans108,763 DiscountedDiscount for type of property,0% - 32% (11%)cash flowage of appraisal, and current statusForeclosed AssetsCommercial real estate975 Fair value ofDiscount for type of property,28%collateralage of appraisal, and current statusResidential (2)1,809 Fair value ofDiscount for type of property,24% (24%)collateralage of appraisal, and current statusDecember 31, 2024  Collateral Dependent Loans  Commercial loans$33,658 DiscountedDiscount for type of property,9% - 49% (31%) cash flowage of appraisal, and current statusCommercial real estate loans121,393 DiscountedDiscount for type of property,3% - 46% (18%) cash flowage of appraisal, and current statusForeclosed Assets  Commercial real estate (2)975 Fair value ofDiscount for type of property,28%collateralage of appraisal, and current statusResidential (2)244 Fair value ofDiscount for type of property,24%  collateralage of appraisal, and current status (1)Unobservable inputs were weighted by the relative fair value of the instruments.(2)There was only one foreclosed commercial real estate property at June 30, 2025 and December 31, 2024 with write-downs during the six months ended June 30, 2025 and the year ended December 31, 2024, respectively, so no range or weighted average is reported.Fair Value OptionOld National may elect to report most financial instruments and certain other items at fair value on an instrument-by-instrument basis with changes in fair value reported in net income. After the initial adoption, the election is made at the acquisition of an eligible financial asset, financial liability, or firm commitment or when certain specified reconsideration events occur. The fair value election may not be revoked once an election is made.Loans Held-For-SaleOld National has elected the fair value option for loans held-for-sale. For these loans, interest income is recorded in the consolidated statements of income based on the contractual amount of interest income earned on the financial assets (except any that are on nonaccrual status). None of these loans are 90 days or more past due, nor are any on nonaccrual status. Interest income for loans held-for-sale is included in the income statement totaling $