Company: ONBPP
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001104659-25-007256
Chunk: 216

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-29
Form: S-4/A
Chunk 216
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082 | ​ | ​ | ​ |    ​ | ​ |  1,807 | ​ | ​ |
| Prepaid expenses                                    | ​ | ​ |    ​ | ​ |  1,010 | ​ | ​ | ​ |    ​ | ​ |    838 | ​ | ​ |
| Other                                               | ​ | ​ |    ​ | ​ |  2,003 | ​ | ​ | ​ |    ​ | ​ |  1,510 | ​ | ​ |
| Gross deferred tax liabilities                      | ​ | ​ |    ​ | $ | 81,269 | ​ | ​ | ​ |    ​ | $ | 82,006 | ​ | ​ |
| Net deferred tax asset (liability)                  | ​ | ​ |    ​ | $ | 64,631 | ​ | ​ | ​ |    ​ | $ | 78,329 | ​ | ​ |
| ​                                                   |   |   |      |   |        |   |   |   |      |   |        |   |   |

The Company’s deferred tax assets represent the anticipated federal, and state tax benefits expected to be realized in future years upon the utilization of the underlying tax attributes comprising the balance. In management’s opinion, the deferred tax assets will be fully realized through future reversals of deferred tax liabilities along with future taxable income exclusive of existing deferred tax liabilities. Accordingly, no valuation allowance has been provided. Liabilities for unrecognized tax benefits were $7.4 million and $1.2 million at December 31, 2023 and 2022, respectively. The Company is no longer subject to income tax examinations for years prior to 2020 for federal purposes and 2019 for state purposes. Note 17. Commitments and Contingencies The Company utilizes various off-balance-sheet instruments to satisfy the financing needs of customers. These instruments represent contractual obligations of the Company to provide funding, within a specified time period, to a customer. The following provides information regarding the outstanding commitments at December 31:

| (Dollars in Thousands)    | ​ | ​ | 2023 |   |           |   | ​ | ​ | 2022 |   |           |   | ​ |
|:--------------------------|:--|:--|:-----|:--|----------:|:--|:--|:--|:-----|:--|----------:|:--|:--|
| Loan commitments          | ​ | ​ | ​