Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 176

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 8
Chunk 176
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596 Fixed-rate debtInterest income/(expense)$(16,559)Interest rate contractsInterest income/(expense)(32,359)Fixed-rateinvestmentsecuritiesInterest income/(expense)32,302 Total$(15,763)$15,743 Nine Months EndedSeptember 30, 2024Interest rate contractsInterest income/(expense)$10,207 Fixed-rate debtInterest income/(expense)$(10,246)Interest rate contractsInterest income/(expense)(16,161)Fixed-rateinvestmentsecuritiesInterest income/(expense)16,454 Total$(5,954)$6,208 

43

The effect of derivative instruments in cash flow hedging relationships on the consolidated statements of income were as follows:Three Months EndedSeptember 30,Three Months EndedSeptember 30,(dollars in thousands) 2025202420252024Derivatives inCash Flow HedgingRelationshipsLocation of Gain or(Loss) Reclassifiedfrom AOCI into IncomeGain (Loss)Recognized in OtherComprehensiveIncome on DerivativeGain (Loss)Reclassified fromAOCI intoIncomeInterest rate contractsInterest income/(expense)$(1,596)$23,654 $(4,373)$(5,970)  Nine Months EndedSeptember 30,Nine Months EndedSeptember 30, 2025202420252024Derivatives inCash Flow HedgingRelationshipsLocation of Gain or(Loss) Reclassifiedfrom AOCI into IncomeGain (Loss)Recognized in OtherComprehensiveIncome on DerivativeGain (Loss)Reclassified fromAOCI intoIncomeInterest rate contractsInterest income/(expense)$14,328 $(2,540)$(10,299)$(17,661)Amounts reported in AOCI related to cash flow hedges will be reclassified to interest income or interest expense as interest payments are received or paid on Old National’s derivative instruments. During the next 12 months, we estimate that $3.8 million will be reclassified to interest income and $14.3 million will be reclassified to interest expense.Derivatives Not Designated as HedgesCommitments to fund certain mortgage loans (“interest rate lock commitments”) and forward commitments for the future delivery of mortgage loans to third party investors (“forward mortgage loan contracts”) are considered derivatives. These derivative contracts do not qualify for hedge accounting. At September 30, 2025, the notional amounts of the interest rate lock commitments were $126.1 million and forward mortgage loan contracts were $