Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 204

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 204
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 income162,021 161,222 799 195,546 212,942 (17,396)Interest ExpenseChecking and NOW deposits(5,107)1,602 (6,709)(6,509)2,824 (9,333)Savings deposits(1,477)(60)(1,417)(2,886)(369)(2,517)Money market deposits8,373 36,916 (28,543)2,541 51,811 (49,270)Time deposits, excluding brokered    deposits10,618 17,508 (6,890)19,671 30,143 (10,472)Brokered deposits11,875 16,209 (4,334)16,521 22,297 (5,776)Federal funds purchased and interbank    borrowings(1,033)(725)(308)(369)224 (593)Securities sold under agreements to   repurchase(3)109 (112)(369)56 (425)FHLB advances14,399 15,551 (1,152)15,128 15,842 (714)Other borrowings(2,716)(777)(1,939)(5,566)(2,710)(2,856)Total interest expense34,929 86,333 (51,404)38,162 120,118 (81,956)Net interest income$127,092 $74,889 $52,203 $157,384 $92,824 $64,560 

(1)The variance not solely due to rate or volume is allocated equally between the rate and volume variances.

(2)Interest income on investment securities includes taxable equivalent adjustments of $2.7 million and $5.3 million during the three and six months ended June 30, 2025, respectively, and $2.8 million and $5.6 million during the three and six months ended June 30, 2024, respectively; using the federal statutory rate in effect of 21%.

(3)Interest income on loans includes taxable equivalent adjustments of $4.4 million and $7.1 million during the three and six months ended June 30, 2025, respectively, and $3.5 million and $7.0 million during the three and six months ended June 30