Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 127

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 127
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 337 — 1,601 Home equity— — — — — — — — Total gross charge-offs$43 $1,251 $5,209 $5,667 $8,644 $3,726 $— $24,540 Origination Year20242023202220212020PriorRevolvingTotalThree Months Ended March 31, 2024Commercial$— $— $3,481 $33 $8 $4 $133 $3,659 Commercial real estate— — — 2,176 — 4,465 — 6,641 BBCC— — 76 — — — — 76 Residential real estate— — — — — — — — Indirect— 370 472 225 33 38 — 1,138 Direct— 116 576 529 113 223 871 2,428 Home equity— — — 34 — 44 — 78 Total gross charge-offs$— $486 $4,605 $2,997 $154 $4,774 $1,004 $14,020 Nonaccrual and Past Due LoansOld National does not record interest on nonaccrual loans until principal is recovered. For all loan classes, a loan is generally placed on nonaccrual status when principal or interest becomes 90 days past due unless it is well secured and in the process of collection, or earlier when concern exists as to the ultimate collectability of principal or interest. Interest accrued but not received is reversed against earnings. Cash interest received on these loans is applied to the principal balance until the principal is recovered or until the loan returns to accrual status. Loans may be returned to accrual status when all the principal and interest amounts contractually due are brought current, remain current for a prescribed period, and future payments are reasonably assured.

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The following table presents the aging of the amortized cost basis in past due loans by class of loans:(dollars in thousands)30-59 DaysPast Due60-89 DaysPast DuePast Due90 Days orMoreTotalPast DueCurrentTotalLoansMarch 31, 2025Commercial$21,038 $2,945 $56,455 $80,438