Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 68

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 68
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 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)September 30, 2025    Collateral Dependent Loans    Commercial loans$29,027 DiscountedDiscount for type of property,17% - 50% (37%)  cash flowage of appraisal, and current statusCommercial real estate loans159,600 DiscountedDiscount for type of property,3% - 28% (12%)cash flowage of appraisal, and current statusForeclosed AssetsCommercial real estate1,219 Fair value ofDiscount for type of property,30% - 35% (31%)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 property at December 31, 2024 with write-downs during the year ended December 31, 2024, so no range or weighted average is reported.Fair Value OptionOld National may elect to report most financial instruments and certain other items at fair value on an instrument-by-instrument basis with changes in fair value reported in net income. After the initial adoption, the election is made at the acquisition of an eligible financial asset, financial liability, or firm commitment or when certain specified reconsideration events occur. The fair value election may not be revoked once an election is made.Loans Held-For-SaleOld National has elected the fair value option for loans held-for-sale. For these loans, interest income is recorded in the consolidated statements of income based on the contractual amount of interest income earned on the financial assets (