Company: ONBPP
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001104659-25-007256
Chunk: 206

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-29
Form: S-4/A
Chunk 206
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| Junior subordinated deferrable interest debentures | ​ | ​ | ​    | $ |    61,856 | ​ | ​ | ​ | ​    | $ |  61,856 | ​ | ​ |
| Subordinated notes                                 | ​ | ​ | ​    | ​ |   100,000 | ​ | ​ | ​ | ​    | ​ | 100,000 | ​ | ​ |
| FHLB borrowings                                    | ​ | ​ | ​    | ​ |   755,000 | ​ | ​ | ​ | ​    | ​ |       — | ​ | ​ |
| Tax credit related borrowings                      | ​ | ​ | ​    | ​ |   104,750 | ​ | ​ | ​ | ​    | ​ |  76,838 | ​ | ​ |
| Other(A)                                           | ​ | ​ | ​    | ​ |     1,512 | ​ | ​ | ​ | ​    | ​ |   2,970 | ​ | ​ |
| Total long-term debt                               | ​ | ​ | ​    | $ | 1,023,118 | ​ | ​ | ​ | ​    | $ | 241,664 | ​ | ​ |

(A) Includes amounts related to derivatives and hedging activities for subordinated notes. Refer to Note 18 for additional information. In June 2006, the Company issued $61.9 million in junior subordinated deferrable interest debentures (“debentures”) in connection with the issuance of $60.0 million of capital securities through Bremer Statutory Trust II (“BSTII”). The Company evaluated BSTII and concluded that the trust is a variable interest entity not subject to consolidation. The debentures bear interest at a floating rate of three-month CME Term SOFR, plus 1.86%, resulting in a rate of 7.24% at December 31, 2023. The debentures mature on June 1, 2036 but may be redeemed by the Company at par on any quarterly interest payment date at the Company’s discretion. At December 31, 2023, the $60.0 million in capital securities qualified as Tier I capital under guidelines of the FRB. In December 2014, the Company issued $100.0 million in sub