Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 194

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 194
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,342 10,221 1,040,761 1,050,982 Direct5,436 1,455 1,787 8,678 514,494 523,172 Home equity7,791 2,347 6,659 16,797 1,048,674 1,065,471 Total$59,187 $12,743 $61,535 $133,465 $32,858,462 $32,991,927 The following table presents the amortized cost basis of loans on nonaccrual status and loans past due 90 days or more and still accruing by class of loan:December 31, 2024December 31, 2023(dollars in thousands)NonaccrualAmortizedCostNonaccrualWith NoRelatedAllowancePast Due90 Days orMore andAccruingNonaccrualAmortizedCostNonaccrualWith NoRelatedAllowancePast Due90 Days orMore andAccruingCommercial$119,507 $30,551 $861 $43,775 $13,143 $242 Commercial real estate233,856 64,453 3,126 158,222 24,507 585 BBCC4,672 — — 4,706 — 95 Residential60,454 — — 41,771 — — Indirect5,372 — — 4,207 — 8 Direct3,407 — — 5,892 — 31 Home equity20,711 — 73 16,248 — — Total$447,979 $95,004 $4,060 $274,821 $37,650 $961 Interest income recognized on nonaccrual loans was insignificant during the years ended December 31, 2024 and 2023.

105

When management determines that foreclosure is probable, expected credit losses for collateral dependent loans are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. A loan is considered collateral dependent when the borrower is experiencing financial difficulty, and the loan is expected to be repaid substantially through the operation or sale of the collateral. The class of loan represents the primary collateral type associated with the loan. Significant quarter-over-quarter changes are reflective of changes in nonacc