Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 176

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 176
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136 3,702,197 10 %Michigan616,545 1,417,115 654,405 251,386 2,939,451 8 %Tennessee452,612 1,241,351 207,378 242,369 2,143,710 6 %Kentucky385,233 577,824 260,708 380,535 1,604,300 4 %Florida144,643 379,296 372,880 34,151 930,970 3 %Texas254,294 265,643 258,963 16,090 794,990 2 %Ohio321,396 349,177 4,776 16,343 691,692 2 %California162,928 10,623 413,270 37,705 624,526 2 %Other2,040,380 2,067,552 1,089,237 131,448 5,328,617 15 %Total$10,650,615 $16,135,327 $6,771,694 $2,856,308 $36,413,944 100 %

Geographic location in the preceding table is determined by collateral location for real estate loans and borrower location for non-real estate loans.

Commercial and Commercial Real Estate Loans

Commercial and commercial real estate loans are the largest classifications within earning assets, representing 55% of earning assets at both March 31, 2025 and December 31, 2024. At March 31, 2025, commercial and commercial real estate loans were $26.8 billion, an increase of $189.9 million from December 31, 2024 driven primarily by disciplined commercial loan production that was well balanced across our market footprint and product lines, partly offset by the sale of $71 million of commercial real estate loans in the quarter. 

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The following table provides detail on commercial loans by industry classification (as defined by the North American Industry Classification System) and by loan size.

March 31, 2025December 31, 2024(dollars in thousands)OutstandingExposure(1)NonaccrualOutstandingExposure(1)NonaccrualBy Industry:Manufacturing$1,872,501 $2,999,425 $30,698 $1,724,108