Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 195

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 195
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rual status and not necessarily associated with credit quality indicators like appraisal value. The following table presents the amortized cost basis of collateral dependent loans by class of loan:Type of Collateral(dollars in thousands)RealEstateBlanketLienInvestmentSecurities/CashAutoOtherDecember 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$333,461 $70,680 $8,135 $12,560 $5,249 December 31, 2023Commercial$14,303 $24,729 $2,577 $280 $328 Commercial real estate146,425 — 1,167 — 6,107 BBCC3,522 794 — 390 — Residential41,771 — — — — Indirect— — — 4,207 — Direct4,727 1 3 366 29 Home equity16,248 — — — — Total$226,996 $25,524 $3,747 $5,243 $6,464 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.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)TermExtensionPaymentDelayTotalClass ofLoansYear Ended December 31, 2024Commercial$43,330 $4,637 0.4 %Commercial real estate151,983 2,666 0.9 %Total$195,313 $7,303 0.5 %Year Ended December