Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 27

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 27
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$(24,540)$2,924 $31,026 $401,932 Three Months Ended March 31, 2024Commercial$118,333 $(3,659)$334 $8,429 $123,437 Commercial real estate155,099 (6,641)1,035 11,147 160,640 BBCC2,887 (76)18 334 3,163 Residential real estate20,837 — 19 1,043 21,899 Indirect1,236 (1,138)332 788 1,218 Direct3,169 (2,428)487 1,724 2,952 Home equity6,049 (78)45 388 6,404 Total$307,610 $(14,020)$2,270 $23,853 $319,713 Accrued interest receivable on loans is excluded from the estimate of credit losses and totaled $165.8 million at March 31, 2025, compared to $171.6 million at December 31, 2024.

20

Unfunded Loan CommitmentsOld National maintains an allowance for credit losses on unfunded loan commitments to provide for the risk of loss inherent in these arrangements. The allowance is computed using a methodology similar to that used to determine the allowance for credit losses on loans, modified to take into account the probability of a drawdown on the commitment. The allowance for credit losses on unfunded loan commitments is classified as a liability account on the balance sheet within accrued expenses and other liabilities, while the corresponding provision for unfunded loan commitments is included in the provision for credit losses. Old National’s activity in the allowance for credit losses on unfunded loan commitments was as follows:Three Months EndedMarch 31,(dollars in thousands)20252024Allowance for credit losses on unfunded loan commitments:Balance at beginning of period$21,654 $31,226 Provision (release) for credit losses on unfunded loan   commitments377 (4,962)Balance at end of period$22,031 $26,264 Credit QualityOld National’s management monitors the credit quality of its loans on an ongoing basis with the asset quality rating (“AQR”) for commercial, commercial real estate, and BBCC loans reviewed annually or at renewal and the performance of its residential and consumer loans based upon the accrual status refreshed