Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 173

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 173
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 to these locations totaling $26.8 million and $1.6 million for the years ended December 31, 2022 and 2023, respectively, and were recorded in noninterest expense.

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NOTE 3 – INVESTMENT SECURITIES

The following table summarizes the amortized cost and fair value of the available-for-sale portfolio and the corresponding amounts of gross unrealized gains, unrealized losses, and basis adjustments in accumulated other comprehensive income (loss) (“AOCI”).(dollars in thousands)AmortizedCostUnrealizedGainsUnrealizedLossesBasisAdjustments (1)FairValueDecember 31, 2024Available-for-SaleU.S. Treasury$261,421 $67 $(12,659)$(49,816)$199,013 U.S. government-sponsored entities and agencies1,521,610 7 (181,360)(82,351)1,257,906 Mortgage-backed securities - Agency5,861,067 6,005 (662,181)— 5,204,891 States and political subdivisions510,630 148 (25,881)647 485,544 Pooled trust preferred securities13,807 — (2,485)— 11,322 Other securities311,973 760 (12,950)— 299,783 Total available-for-sale securities$8,480,508 $6,987 $(897,516)$(131,520)$7,458,459 December 31, 2023Available-for-SaleU.S. Treasury$449,817 $154 $(11,941)$(41,297)$396,733 U.S. government-sponsored entities and agencies1,487,879 33 (192,717)(63,931)1,231,264 Mortgage-backed securities - Agency4,835,319 3,093 (621,852)— 4,216,560 States and political subdivisions554,509 878 (23,057)2,930 535,260 Pooled trust preferred securities13,797 — (2,460)— 11,337 Other securities343,568 449 (22,116)— 321,901 Total available-for-sale securities$7,684,889 $4,607 $(874,143)$(102,298)$6,713,055