Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 98

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 98
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We continually monitor marketplace trends to identify patterns that might improve the predictability of the timing of deposit flows or asset prepayments.

67

A maturity schedule for Old National Bank’s time deposits is shown in the following table at March 31, 2025.

(dollars in thousands)Maturity BucketAmountRate2025$6,160,151 3.92 %2026936,404 3.53 202798,097 2.46 202829,715 2.33 202920,356 2.25 2030 and beyond12,218 1.63 Total$7,256,941 3.84 %

Our ability to acquire funding at competitive prices is influenced by rating agencies’ views of our credit quality, liquidity, capital, and earnings.

The credit ratings of Old National and Old National Bank at March 31, 2025 are shown in the following table.

 Moody’s Investors Service Long-termShort-termOld NationalBaa1N/AOld National BankA1P-1

Old National Bank maintains relationships in capital markets with brokers and dealers to issue certificates of deposit and short-term and medium-term bank notes as well. At March 31, 2025, Old National and its subsidiaries had the following availability of liquid funds and borrowings:

(dollars in thousands)Parent CompanySubsidiariesAvailable liquid funds:Cash and due from banks$289,521 $950,259 Unencumbered government-issued debt securities— 2,796,823 Unencumbered investment grade municipal securities— 67,589 Unencumbered corporate securities— 43,984 Availability of borrowings*:Amount available from Federal Reserve discount window— 3,987,275 Amount available from Federal Home Loan Bank— 7,003,288 Total available funds$289,521 $14,849,218 

*  Based on collateral pledged

Old National Bancorp has routine funding requirements consisting primarily of operating expenses, dividends to shareholders, debt service, net derivative cash flows, and funds used for acquisitions. Old National Bancorp can obtain funding to meet its obligations from dividends and management fees collected from its subsidiaries, operating line of credit, and through the issuance of debt securities. Additionally, Old National Bancorp has a shelf registration in place with the SEC permitting ready access to the public debt and equity markets. At March 31, 2025, Old National Bancorp