Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 27

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 27
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47,967,915 Allowance for credit losses on loans(572,178)— (572,178)Net loans$47,395,737 $— $47,395,737 December 31, 2024Commercial (1)$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 loans (2)$36,285,887 $— $36,285,887 Allowance for credit losses on loans(392,522)— (392,522)Net loans$35,893,365 $— $35,893,365 (1)Includes direct finance leases of $84.9 million at September 30, 2025 and $120.6 million at December 31, 2024.(2)    Includes unamortized premiums and discounts, and unamortized deferred fees and costs of $589.9 million at September 30, 2025 and $163.3 million at December 31, 2024.The risk characteristics of each loan portfolio segment are as follows:CommercialCommercial loans are classified primarily on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee; however, some loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its clients.

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Commercial Real EstateCommercial real estate loans are classified primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts, and