Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 183

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 8
Chunk 183
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ificantUnobservableInputs (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)September 30, 2025    Collateral Dependent Loans    Commercial loans$29,027 DiscountedDiscount for type of property,17% - 50% (37%)  cash flowage of appraisal, and current statusCommercial real estate loans159,600 DiscountedDiscount for type of property,3% - 28% (12%)cash flowage of appraisal, and current statusForeclosed AssetsCommercial real estate1,219 Fair value ofDiscount for type of property,30% - 35% (31%)collateralage of appraisal, and current statusDecember 31, 2024  Collateral Dependent Loans  Commercial loans$33,658 DiscountedDiscount for type of property,9% - 49% (31%) cash flowage of appraisal, and current statusCommercial real estate loans121,393 DiscountedDiscount for type of property,3% - 46% (18%) cash flowage of appraisal, and current statusForeclosed Assets  Commercial real estate (2)975 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 of appraisal, and current status (1)Unobservable inputs were weighted by the relative fair value of the instruments.(2)There was only one foreclosed commercial real estate property and one foreclosed residential property at December 31, 2024 with write