Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 217

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 217
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 — Other securities299,783 — 299,783 — Loans held-for-sale34,483 — 34,483 — Derivative assets146,478 — 146,478 — Financial LiabilitiesDerivative liabilities244,313 — 244,313 — Fair Value Measurements at December 31, 2023 Using(dollars in thousands)CarryingValueQuoted Prices inActive Markets forIdentical Assets(Level 1)SignificantOtherObservableInputs(Level 2)SignificantUnobservableInputs(Level 3)Financial AssetsEquity securities$80,372 $80,372 $— $— Investment securities available-for-sale:U.S. Treasury396,733 396,733 — — U.S. government-sponsored entities and agencies1,231,264 — 1,231,264 — Mortgage-backed securities - Agency4,216,560 — 4,216,560 — States and political subdivisions535,260 — 535,260 — Pooled trust preferred securities11,337 — 11,337 — Other securities321,901 — 321,901 — Loans held-for-sale32,006 — 32,006 — Derivative assets166,302 — 166,302 — Financial LiabilitiesDerivative liabilities268,916 — 268,916 — Non-Recurring BasisAssets measured at fair value on a non-recurring basis at December 31, 2024 are summarized below:Fair Value Measurements at December 31, 2024 Using(dollars in thousands)CarryingValueQuoted Prices in Active Markets for Identical Assets (Level 1)SignificantOtherObservableInputs(Level 2)Significant Unobservable Inputs(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 

123

Commercial and commercial real estate loans that are deemed collateral dependent are valued using the discounted cash flows. The liquidation amounts are based on the fair value of the underlying collateral using the most recently available appraisals with certain adjustments made based on the