Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 152

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 152
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 and to achieve operational simplification. The fair value option was not elected for loans held for investment.

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The difference between the aggregate fair value and the aggregate remaining principal balance for loans for which the fair value option has been elected was as follows: (dollars in thousands)AggregateFair ValueDifference Contractual PrincipalMarch 31, 2025   Loans held-for-sale$40,424 $865 $39,559 December 31, 2024Loans held-for-sale$34,483 $271 $34,212 Accrued interest at period end is included in the fair value of the instruments.The following table presents the amount of gains and losses from fair value changes included in income before income taxes for financial assets carried at fair value:(dollars in thousands)OtherGains and (Losses)Interest IncomeInterest (Expense)Total Changesin Fair ValuesIncluded inCurrent Period EarningsThree Months Ended March 31, 2025Loans held-for-sale$603 $— $(9)$594 Three Months Ended March 31, 2024Loans held-for-sale$(202)$— $(5)$(207)

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Financial Instruments Not Carried at Fair ValueThe carrying amounts and estimated fair values of financial instruments not carried at fair value were as follows:   Fair Value Measurements at March 31, 2025 Using(dollars in thousands)Carrying ValueQuoted Prices inActive Marketsfor IdenticalAssets (Level 1)SignificantOtherObservableInputs (Level 2)SignificantUnobservableInputs (Level 3)Financial Assets    Cash, due from banks, money market,   and other interest-earning investments$1,239,780 $1,239,780 $— $— Investment securities held-to-maturity:U.S. government-sponsored entities and agencies834,830 — 689,134 — Mortgage-backed securities - Agency958,004 — 807,534 — State and political subdivisions1,149,949 — 988,865 — Loans, net:Commercial10,491,574 — — 10,543,257 Commercial real estate15,935,976 — — 15,900,996 Residential real estate6,747,480 — — 6,169,165 Consumer credit2,836,982