Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 127

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 127
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 sheet and interest rates are held at current levels. The model shows our projected net interest income sensitivity based on interest rate changes only and does not consider other forecast assumptions. Due to the dynamics of future interest 

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rate expectations, we also measure and monitor interest rate risk using the forward curve, which may be a more probable scenario of our interest rate exposure. The forward curve represents the relationship between the price of forward contracts and the time to maturity of the forward contracts at a point in time.

The following table illustrates our projected net interest income sensitivity over a two-year cumulative horizon based on the asset/liability model as of December 31, 2024 and 2023:

Immediate Rate Decrease12/31/2024ForwardCurveImmediate Rate Increase(dollars in thousands)-300Basis Points-200Basis Points-100Basis PointsBase+100Basis Points+200Basis Points+300Basis PointsDecember 31, 2024Projected interest income:Money market, other  interest earning  investments, and  investment securities$756,016 $820,128 $886,917 $932,411 $940,953 $989,890 $1,037,089 $1,082,891 Loans3,023,593 3,501,994 3,952,385 4,279,851 4,374,147 4,776,162 5,174,154 5,572,157 Total interest   income3,779,609 4,322,122 4,839,302 5,212,262 5,315,100 5,766,052 6,211,243 6,655,048 Projected interest expense:Deposits435,080 765,918 1,097,429 1,349,350 1,456,547 1,821,056 2,157,983 2,494,958 Borrowings290,095 377,714 473,141 539,410 562,335 652,442 742,530 832,646 Total interest   expense725,175 1,143,632 1,570,570 1,888,760 2,018,882 2,473,498 2,900,513 3,327,604 Net interest   income