Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 199

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 199
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 rate in effect of 21% for all periods. This analysis portrays the income tax benefits related to tax-exempt assets and helps to facilitate a comparison between 

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taxable and tax-exempt assets. Management believes that it is a standard practice in the banking industry to present net interest margin and net interest income on a fully taxable equivalent basis and that it may enhance comparability for peer comparison purposes for both management and investors.

The following tables present the average balance sheet for each major asset and liability category, its related interest income and yield, or its expense and rate.

(Tax equivalent basis,dollars in thousands)Three Months EndedJune 30, 2025Three Months EndedJune 30, 2024Earning AssetsAverage BalanceIncome (1)/ExpenseYield/RateAverage BalanceIncome (1)/ExpenseYield/RateMoney market and other interest-earning   investments$1,424,700 $14,791 4.16 %$814,944 $11,311 5.58 %Investment securities:Treasury and government sponsored agencies2,396,691 20,820 3.47 %2,208,935 21,531 3.90 %Mortgage-backed securities8,567,318 87,734 4.10 %5,828,225 47,904 3.29 %States and political subdivisions1,596,899 13,402 3.36 %1,686,994 14,290 3.39 %Other securities970,581 15,770 6.50 %788,571 12,583 6.38 %Total investment securities13,531,489 137,726 4.07 %10,512,725 96,308 3.66 %Loans: (2)Commercial13,240,876 219,446 6.63 %10,345,098 183,425 7.09 %Commercial real estate20,022,403 316,422 6.32 %15,870,809 260,407 6.56 %Residential real estate loans7,792,440 88,852 4.56 %6,952,942 67,683 3.89 %Consumer3,049,341 54,787 7.21 %2,910,331 50