Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 45

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 45
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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 Due90 Days orMoreTotalPast DueCurrentTotalLoansJune 30, 2025Commercial$1,468 $2,449 $4,511 $8,428 $85,820 $94,248 Commercial real estate6,311 — 4,566 10,877 135,732 146,609 Total$7,779 $2,449 $9,077 $19,305 $221,552 $240,857 June 30, 2024Commercial$1,077 $2,813 $980 $4,870 $14,866 $19,736 Commercial