Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 52

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 1
Chunk 52
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$— $— $297,637 

NOTE 11 – FEDERAL HOME LOAN BANK ADVANCES

The following table summarizes Old National Bank’s FHLB advances:(dollars in thousands)June 30,2025December 31, 2024FHLB advances (fixed rates 2.25% to 5.20%   and variable rates 4.28% to 4.48%) maturing   August 2025 to January 2045$5,830,200 $4,475,285 Fair value hedge basis adjustments and unamortized   prepayment fees5,718 (22,726)Total$5,835,918 $4,452,559 FHLB advances had weighted-average rates of 3.82% at June 30, 2025 and 3.54% at December 31, 2024. FHLB advances are collateralized by designated assets that may include qualifying commercial real estate loans, residential and multifamily mortgages, home equity loans, and certain investment securities.At June 30, 2025, total unamortized prepayment fees related to all FHLB advance debt modifications completed in prior years totaled $5.2 million, compared to $8.2 million at December 31, 2024.Contractual maturities of FHLB advances at June 30, 2025 were as follows:(dollars in thousands) Due in 2025$1,625,000 Due in 2026230,000 Due in 2027141,000 Due in 2028748,000 Due in 2029906,000 Thereafter2,180,200 Fair value hedge basis adjustments and unamortized prepayment fees5,718 Total$5,835,918 

35

NOTE 12 – OTHER BORROWINGS

The following table summarizes Old National’s other borrowings:(dollars in thousands)June 30,2025December 31, 2024Old National Bancorp:  Subordinated debentures (fixed rate 5.88%) maturing September 2026$150,000 $150,000 Subordinated debentures (fixed rate 9.69%) maturing June 203030,000 30,000 Junior subordinated debentures (rates of 5.98% to 8.