Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 20

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 20
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 $(12,668)$5,218,733 $(884,848)$6,345,628 $(897,516)The following table summarizes the held-to-maturity investment securities with unrecognized losses aggregated by major security type and length of time in a continuous loss position: Less than 12 months12 months or longerTotal(dollars in thousands)FairValueUnrecognizedLossesFairValueUnrecognizedLossesFairValueUnrecognizedLossesMarch 31, 2025Held-to-MaturityU.S. government-sponsored entities   and agencies$— $— $689,134 $(145,696)$689,134 $(145,696)Mortgage-backed securities - Agency— — 807,534 (150,470)807,534 (150,470)States and political subdivisions57,635 (1,706)922,383 (159,401)980,018 (161,107)Total held-to-maturity$57,635 $(1,706)$2,419,051 $(455,567)$2,476,686 $(457,273)December 31, 2024Held-to-MaturityU.S. government-sponsored entities   and agencies$— $— $664,331 $(168,653)$664,331 $(168,653)Mortgage-backed securities - Agency— — 800,666 (169,546)800,666 (169,546)States and political subdivisions37,007 (430)937,364 (145,431)974,371 (145,861)Total held-to-maturity$37,007 $(430)$2,402,361 $(483,630)$2,439,368 $(484,060)The unrecognized losses on held-to-maturity investment securities presented in the table above do not include unrecognized losses on securities that were transferred from available-for-sale to held-to-maturity totaling $106.0 million at March 31, 2025 and $110.0 million at December 31, 2024. These unrecognized losses are included as a separate component of shareholders’ equity and are being amortized over the remaining term of the securities.No allowance for credit losses on available-for-sale debt securities was needed at March 31, 2025 or December 31, 2024.

16

An allowance on held-to-maturity debt securities is maintained for certain municipal bonds to account for