Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 122

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 122
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 and commercial real estate loan categories shown on the balance sheet include the same pool of loans as the commercial, commercial real estate, and BBCC portfolio segments. The consumer loan category shown on the balance sheet is comprised of the same loans in the indirect, direct, and home equity portfolio segments. The portfolio segment reclassifications follow:

StatementBalancePortfolioSegmentReclassificationsPortfolioSegment AfterReclassifications(dollars in thousands)December 31, 2024Commercial$10,288,560 $(232,301)$10,056,259 Commercial real estate16,307,486 (174,438)16,133,048 BBCCN/A406,739 406,739 Residential real estate6,797,586 — 6,797,586 Consumer2,892,255 (2,892,255)N/AIndirectN/A1,096,778 1,096,778 DirectN/A514,144 514,144 Home equityN/A1,281,333 1,281,333 Total$36,285,887 $— $36,285,887 December 31, 2023Commercial$9,512,230 $(232,764)$9,279,466 Commercial real estate14,140,629 (169,058)13,971,571 BBCCN/A401,822 401,822 Residential real estate6,699,443 — 6,699,443 Consumer2,639,625 (2,639,625)N/AIndirectN/A1,050,982 1,050,982 DirectN/A523,172 523,172 Home equityN/A1,065,471 1,065,471 Total$32,991,927 $— $32,991,927 

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The following table details activity in our allowance for credit losses on loans for the years ended December 31:

(dollars in thousands)202420232022Beginning allowance for credit losses on loans$307,610 $303,671 $107,341 Allowance established for acquired PCD loans26,725 — 89,089 Loans charged-off:Commercial36,172 41,451 6,885 Commercial real estate18,565 11,198 6,519 BBCC1,801 1,650 85 Residential