Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 50

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 50
---
4,731)FHTC2,432 (2,760)NMTC7,057 (8,471)Total$13,188 $(15,962)Three Months Ended September 30, 2024LIHTC$2,777 $(3,739)FHTC738 (690)NMTC3,076 (3,825)Total$6,591 $(8,254)Nine Months Ended September 30, 2025LIHTC$10,108 $(13,547)FHTC3,602 (4,178)NMTC16,296 (19,780)Total$30,006 $(37,505)Nine Months Ended September 30, 2024LIHTC$8,042 $(10,813)FHTC2,000 (2,043)NMTC8,168 (10,175)Renewable Energy197 — Total$18,407 $(23,031)(1)The amortization expense for the LIHTC and FHTC investments is included in our income tax expense. NMTC amortization is recognized in noninterest expense in correlation to the recognition of tax credits on our tax return. Amortization expense for the Renewable Energy tax credits is included in noninterest expense.(2)All of the tax benefits recognized are included in our income tax expense. The tax benefit recognized for the NMTC investments primarily reflects the tax credits generated from the investments and excludes the net tax expense (benefit) and deferred tax liability of the investments’ income (loss).

NOTE 10 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

Securities sold under agreements to repurchase are secured borrowings. Old National pledges investment securities to secure these borrowings. The following table presents securities sold under agreements to repurchase and related weighted-average interest rates:At or for the Nine MonthsEnded September 30,(dollars in thousands)20252024Outstanding at period end$277,594 $244,626 Average amount outstanding during the period286,137 261,818 Maximum amount outstanding at any month-end during the period311,335 319,423 Weighted-average interest rate:During the period0.90 %1.11 %At period end1.13 %1.09 %

35

At December 31, 2024, securities sold under agreements to repurchase totaled $