Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 123

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 123
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 real estate14 256 344 Indirect5,610 2,948 2,525 Direct8,672 10,517 10,799 Home equity470 443 124 Total charge-offs71,304 68,463 27,281 Recoveries on charged-off loans:Commercial1,623 4,172 4,610 Commercial real estate2,713 2,417 1,095 BBCC325 275 281 Residential real estate883 1,268 760 Indirect1,274 1,559 1,263 Direct2,152 2,331 2,557 Home equity330 531 616 Total recoveries9,300 12,553 11,182 Net charge-offs (recoveries)62,004 55,910 16,099 Provision for credit losses on loans120,191 59,849 123,340 Ending allowance for credit losses on loans$392,522 $307,610 $303,671 Beginning allowance for credit losses on unfunded loan commitments$31,226 $32,188 $10,879 Provision for credit losses on unfunded loan commitments acquired   during the period1,763 — 11,013 Provision (release) for provision for credit losses on unfunded loan    commitments(11,335)(962)10,296 Ending allowance for credit losses on unfunded loan commitments$21,654 $31,226 $32,188 Allowance for credit losses$414,176 $338,836 $335,859 Average loans for the year (1)$35,506,298 $32,233,020 $27,582,530 Asset Quality Ratios:Allowance for credit losses on loans/year-end loans (1)1.08 %0.93 %0.98 %Allowance for credit losses on loans/average loans (1)1.11 0.95 1.10 Allowance for credit losses/year-end loans (1)1.14 1.03 1.08 Allowance for credit losses/average loans (1)1.17 1.05 1.22 

(1)Loans exclude loans held-for-sale.

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The following table details net charge-offs to average loans outstanding by loan category for the