Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 58

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 58
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— — 244 At December 31, 2024, commercial and commercial real estate loans that are deemed collateral dependent had a principal amount of $213.8 million, with a valuation allowance of $58.7 million. Net carrying amount of other real estate owned and other repossessed property totaled $1.2 million at December 31, 2024.

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The table below provides quantitative information about significant unobservable inputs used in fair value measurements within Level 3 of the fair value hierarchy:(dollars in thousands)Fair ValueValuation TechniquesUnobservable InputRange (Weighted Average) (1)March 31, 2025    Collateral Dependent Loans    Commercial loans$32,872 DiscountedDiscount for type of property,0% - 50% (33%)  cash flowage of appraisal, and current statusCommercial real estate loans109,839 DiscountedDiscount for type of property,1% - 48% (14%)cash flowage of appraisal, and current statusForeclosed AssetsCommercial real estate975 Fair value ofDiscount for type of property,28%collateralage of appraisal, and current statusResidential (2)244 Fair value ofDiscount for type of property,24%collateralage of appraisal, and current statusDecember 31, 2024  Collateral Dependent Loans  Commercial loans$33,658 DiscountedDiscount for type of property,9% - 49% (31%) cash flowage of appraisal, and current statusCommercial real estate loans121,393 DiscountedDiscount for type of property,3% - 46% (18%) cash flowage of appraisal, and current statusForeclosed Assets  Commercial real estate (2)975 Fair value ofDiscount for type of property,28%collateralage of appraisal, and current statusResidential (2)244 Fair value ofDiscount for type of property,24%  collateralage of appraisal, and current status (1)Unobservable inputs were weighted by the relative fair value of the instruments.(2)There was only one foreclosed commercial real estate property and one foreclosed residential real estate property at March 31, 2025 and December 31, 2024 with write-downs during the three months ended March 31, 2025 and the year ended December 31, 2024, respectively, so no range or weighted average is reported.Fair Value OptionOld National