Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 165

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 165
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69,279 3-month SOFR plus 1.69%6.28%March 1, 2037Monroe Bancorp Statutory   Trust IIMarch 20075,155 3-month SOFR plus 1.60%6.18%June 15, 2037Great Lakes Statutory Trust IIIJune 20078,248 3-month SOFR plus 1.70%6.28%September 15, 2037Total$198,499 Leveraged LoansThe leveraged loans are directly related to the NMTC structure. As part of the transaction structure, Old National has the right to sell its interest in the entity that received the leveraged loans at an agreed upon price to the leveraged lender at the end of the NMTC seven-year compliance period. See Note 9 to the consolidated financial statements for additional information on the Company’s NMTC investments.Finance Lease LiabilitiesOld National has long-term finance lease liabilities for certain banking centers and equipment totaling $21.2 million at June 30, 2025. See Note 7 to the consolidated financial statements for a maturity analysis of the Company’s finance lease liabilities.

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NOTE 13 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes within each classification of AOCI, net of tax:(dollars in thousands)UnrealizedGains andLosses onAvailable-for-Sale DebtSecuritiesUnrecognizedGains andLosses onHeld-to-MaturitySecuritiesGains andLosses onHedgesTotalThree Months Ended June 30, 2025    Balance at beginning of period$(582,779)$(79,373)$13,643 $(648,509)Other comprehensive income (loss) before reclassifications40,590 — 3,365 43,955 Amounts reclassified from AOCI to income (1)31 3,037 1,878 4,946 Balance at end of period$(542,158)$(76,336)$18,886 $(599,608)Three Months Ended June 30, 2024Balance at beginning of period$(685,969)$(92,251)$(1,408)$(779,628)Other comprehensive income (loss) before reclassifications(13,347)— (5,215)(18,562)Amounts reclassified from AOCI to income (1