Company: ONBPP
Filing Date: 2025-01-29
Form Type: S-4/A
Source: 0001104659-25-007256
Chunk: 217

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-01-29
Form: S-4/A
Chunk 217
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    | $ | 3,054,683 | ​ | ​ | ​ | ​    | $ | 3,421,432 | ​ | ​ |
| Standby letters of credit | ​ | ​ | ​    | ​ |    57,639 | ​ | ​ | ​ | ​    | ​ |    63,657 | ​ | ​ |

Loan commitments represent contractual agreements to provide funding to customers over a specified time period so long as there is no violation of any condition of the contract. These loans are generally operating lines of credit. Standby letters of credit represent a conditional commitment to satisfy an obligation to a third party, generally to support public and private borrowing arrangements, on behalf of the customer. The Company’s potential exposure to credit loss in the event of nonperformance by the other party is represented by the contractual amount of those instruments. The credit risk associated with letters of credit and loan commitments is substantially the same as extending credit in the form of a loan; therefore, the same credit policies apply in evaluating potential letters of credit or loan commitments. The amount of collateral obtained, if deemed necessary upon the extension of credit, is based on management’s credit evaluation. The type of collateral held varies, but includes real estate, accounts receivable, inventory, and productive assets. Management assesses unfunded commitments for credit risk and estimates a liability related to losses that may result from the assessed risk. The liability for unfunded commitments, included in accrued expenses and other liabilities on the consolidated balance sheet, was $3.1 million and $8.3 million at December 31, 2023 and 2022, respectively.

F-40

TABLE OF CONTENTS

Other Commitments and Contingencies Under contracts with service providers, the Company is obligated for future payments. Contractual future minimum payments over the term of the contracts are as follows:

| (Dollars in Thousands) | ​ | ​ | ​ | ​ |      ​ | ​ | ​ |
|:-----------------------|:--|:--|:--|:--|-------:|:--|:--|
| 2024                   | ​ | ​ | ​ | $ | 23,454 | ​ | ​ |
| 2025                   | ​ | ​ | ​ | ​ | 20,464 | ​ | ​ |
| 2026                   | ​ | ​ | ​ | ​ | 19,317 | ​ | ​ |
| 2027                   | ​ | ​ | ​ | ​ |