Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 180

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 180
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 seven segments of loans – commercial, commercial real estate, business banking credit center (“BBCC”), residential real estate, indirect, direct, and home equity for purposes of determining the allowance for credit losses on loans. The commercial and commercial real estate loan categories shown on the balance sheet include the same pool of loans as the commercial, commercial real estate, and BBCC portfolio segments. The consumer loan category shown on the balance sheet is comprised of the same loans in the indirect, direct, and home equity portfolio segments. The portfolio segment reclassifications follow:Balance SheetLine ItemPortfolioSegmentReclassificationsPortfolioSegment AfterReclassifications(dollars in thousands)December 31, 2024Commercial (1)$10,288,560 $(232,301)$10,056,259 Commercial real estate16,307,486 (174,438)16,133,048 BBCCN/A406,739 406,739 Residential real estate6,797,586 — 6,797,586 Consumer2,892,255 (2,892,255)N/AIndirectN/A1,096,778 1,096,778 DirectN/A514,144 514,144 Home equityN/A1,281,333 1,281,333 Total loans (2)36,285,887 — 36,285,887 Allowance for credit losses on loans(392,522)— (392,522)Net loans$35,893,365 $— $35,893,365 December 31, 2023Commercial (1)$9,512,230 $(232,764)$9,279,466 Commercial real estate14,140,629 (169,058)13,971,571 BBCCN/A401,822 401,822 Residential real estate6,699,443 — 6,699,443 Consumer2,639,625 (2,639,625)N/AIndirectN/A1,050,982 1,050,982 DirectN/A523,172 523,172 Home equityN/A1,065,471 1,065,471 Total loans (2)32,991,927 — 32,991,927 Allowance for credit losses on loans(307,610)— (307,610)Net loans$32,684,317 $— $32