Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 171

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 171
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3)50,000 — — 150,000 — — Fair value hedgesInterest rate swaps on investment securities (3)927,407 — — 927,407 — — Interest rate swaps on borrowings (3)1,100,000 5,280 — 1,100,000 665 — Total$18,681 $2,780 $4,155 $11,196 (1)Derivative assets are included in other assets on the balance sheet.(2)Derivative liabilities are included in other liabilities on the balance sheet.(3)The fair values of certain counterparty interest rate swaps are zero due to the settlement of centrally cleared variation margin rules.The effect of derivative instruments in fair value hedging relationships on the consolidated statements of income were as follows:(dollars in thousands)Gain (Loss)Recognizedin Income onRelatedHedgedItemsDerivatives in Fair Value HedgingRelationshipsLocation of Gain or (Loss) Recognized in Income on DerivativeGain (Loss)Recognizedin Income onDerivativeHedged Items in Fair ValueHedgingRelationshipsLocation of Gain or (Loss) Recognized in in Income on Related Hedged ItemThree Months EndedJune 30, 2025Interest rate contractsInterest income/(expense)$6,088 Fixed-rate debtInterest income/(expense)$(6,075)Interest rate contractsInterest income/(expense)(8,579)Fixed-rateinvestmentsecuritiesInterest income/(expense)8,564 Total$(2,491)$2,489 Three Months EndedJune 30, 2024Interest rate contractsInterest income/(expense)$(317)Fixed-rate debtInterest income/(expense)$272 Interest rate contractsInterest income/(expense)2,836 Fixed-rateinvestmentsecuritiesInterest income/(expense)(2,809)Total$2,519 $(2,537)Six Months EndedJune 30, 2025Interest rate contractsInterest income/(expense)$15,064 Fixed-rate debtInterest income/(expense)$(15,007)Interest rate contractsInterest income/(expense)(27,746)Fixed-rateinvestmentsecuritiesInterest income/(expense)27,711 Total$(12,682)$12,704 Six Months EndedJune 30, 2024Interest rate contractsInterest income/(expense)$(14,288)Fixed-rate debtInterest income/(expense)$14,399 Interest rate contractsInterest income/(expense)28