Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 204

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 204
---
 – FEDERAL HOME LOAN BANK ADVANCES

The following table summarizes Old National Bank’s FHLB advances:December 31,(dollars in thousands)20242023FHLB advances (fixed rates 2.19% to 4.60% and   variable rates 4.33% to 4.55%) maturing   January 2025 to March 2044$4,475,285 $4,300,528 Fair value hedge basis adjustments and unamortized   prepayment fees(22,726)(19,847)Total other borrowings$4,452,559 $4,280,681 FHLB advances had weighted-average rates of 3.54% at December 31, 2024 and 3.45% at December 31, 2023. 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 December 31, 2024, total unamortized prepayment fees related to all FHLB advance debt modifications completed in prior years totaled $8.2 million, compared to $14.2 million at December 31, 2023.Contractual maturities of FHLB advances at December 31, 2024 were as follows:(dollars in thousands)Due in 2025$700,285 Due in 2026100,000 Due in 2028650,000 Due in 2029800,000 Thereafter2,225,000 Fair value hedge basis adjustments and unamortized prepayment fees(22,726)Total$4,452,559 

113

NOTE 13 – OTHER BORROWINGS

The following table summarizes Old National’s other borrowings: December 31,(dollars in thousands)20242023Old National Bancorp:Subordinated debentures (fixed rate 5.88%) maturing September 2026$150,000 $150,000 Subordinated debentures (fixed rate 5.25%) maturing June 203030,000 — Junior subordinated debentures (rates of 6.02% to 8.43%)    maturing July 2031 to September 2037136,643 136,643 Senior unsecured notes (fixed rate 4.13%) matured August