Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 155

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 155
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— — Total loans$392,141 $147,126 $11,485 $11,261 $4,485 December 31, 2024Commercial$17,520 $68,985 $6,980 $6,544 $5,215 Commercial real estate228,952 542 1,046 — — BBCC3,201 1,137 86 248 — Residential60,454 — — — — Indirect— — — 5,372 — Direct2,623 16 23 396 34 Home equity20,711 — — — — Total loans$333,461 $70,680 $8,135 $12,560 $5,249 Financial Difficulty ModificationsOccasionally, Old National modifies loans to borrowers experiencing financial difficulty in the form of principal forgiveness, term extension, an other-than-insignificant payment delay, or interest rate reduction (or a combination thereof). When principal forgiveness is provided, the amount forgiven is charged-off against the allowance for credit losses on loans.

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The following table presents the amortized cost basis of financial difficulty modifications that were modified by class of loans and type of modification:(dollars in thousands)TermExtensionTotalClass ofLoansThree Months Ended June 30, 2025Commercial$39,797 0.3 %Commercial real estate44,835 0.2 %Total$84,632 0.2 %Three Months Ended June 30, 2024Commercial$3,859 0.0 %Commercial real estate58,232 0.4 %Total$62,091 0.2 %Six Months Ended June 30, 2025Commercial$94,248 0.7 %Commercial real estate146,609 0.7 %Total$240,857 0.5 %Six Months Ended June 30, 2024Commercial$14,867 0.1 %Commercial real estate73,406 0.5 %Total$88,273 0.2 %Old National monitors the performance of financial difficulty modifications to understand the effectiveness of its efforts. The following table presents the performance of financial difficulty modifications in the twelve months following modification:(dollars in thousands)30-59 DaysPast Due60-89 DaysPast DuePast Due