Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 175

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 175
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 U.S. government and its agencies and U.S. government-sponsored enterprises, there were no investments in securities from one issuer that exceeded 10% of stockholder’s equity as of December 31, 2024. At December 31, 2023, the only aggregate market value of the Company’s investment securities greater than 10% of shareholders’ equity were issued by Indiana and its political subdivisions totaling $600.9 million, which represented 10.8% of shareholders’ equity. Of the bonds issued by Indiana, 99.6% were rated “BBB+” or better, and the remaining 0.4% generally represented pre-refunded positions.The table below shows the amortized cost and fair value of the investment securities portfolio by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Weighted average yield is based on amortized cost.At December 31, 2024(dollars in thousands)AmortizedCostFairValueWeightedAverageYieldMaturityAvailable-for-SaleWithin one year$193,329 $192,182 3.49 %One to five years2,585,791 2,510,032 4.28 %Five to ten years4,432,629 3,775,699 2.60 %Beyond ten years1,268,759 980,546 2.66 %Total$8,480,508 $7,458,459 3.14 %Held-to-MaturityOne to five years$24,574 $23,810 2.94 %Five to ten years1,356,722 1,149,507 2.57 %Beyond ten years1,573,585 1,297,821 2.74 %Total$2,954,881 $2,471,138 2.67 %

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The following table summarizes the available-for-sale investment securities with unrealized losses for which an allowance for credit losses has not been recorded by aggregated major security type and length of time in a continuous unrealized loss position:Less than 12 months12 months or longerTotal(dollars in thousands)FairValueUnrealizedLossesFairValueUnrealizedLossesFairValueUnrealized LossesDecember 31, 2024Available-for-SaleU.S. Treasury$3,977