Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 150

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 150
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 months ended March 31, 2025 and the three months ended March 31, 2024.Other real estate owned and other repossessed property is measured at fair value less costs to sell on a non-recurring basis and had a net carrying amount of $1.2 million at March 31, 2025. There were no write-downs on other real estate owned for the three months ended March 31, 2025 or the three months ended March 31, 2024.Assets measured at fair value at December 31, 2024 on a non-recurring basis are summarized below:  Fair Value Measurements at December 31, 2024 Using(dollars in thousands)Carrying ValueQuoted Prices inActive Markets forIdentical Assets (Level 1)SignificantOtherObservableInputs (Level 2)SignificantUnobservableInputs (Level 3)Collateral Dependent Loans:    Commercial loans$33,658 $— $— $33,658 Commercial real estate loans121,393 — — 121,393 Foreclosed Assets:Commercial real estate975 — — 975 Residential244 — — 244 At December 31, 2024, commercial and commercial real estate loans that are deemed collateral dependent had a principal amount of $213.8 million, with a valuation allowance of $58.7 million. Net carrying amount of other real estate owned and other repossessed property totaled $1.2 million at December 31, 2024.

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The table below provides quantitative information about significant unobservable inputs used in fair value measurements within Level 3 of the fair value hierarchy:(dollars in thousands)Fair ValueValuation TechniquesUnobservable InputRange (Weighted Average) (1)March 31, 2025    Collateral Dependent Loans    Commercial loans$32,872 DiscountedDiscount for type of property,0% - 50% (33%)  cash flowage of appraisal, and current statusCommercial real estate loans109,839 DiscountedDiscount for type of property,1% - 48% (14%)cash flowage of appraisal, and current statusForeclosed AssetsCommercial real estate975 Fair value ofDiscount for type of property,28%collateralage of appraisal, and current statusResidential (2)244 Fair value ofDiscount for type of property,24%collateralage