Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 109

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 109
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 three months ended March 31, 2025 was higher than the average forward sale price (as determined under the terms of the forward sale agreements). See Note 3 to the consolidated financial statements for additional information regarding these forward sale agreements.

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NOTE 5 – 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)FairValueMarch 31, 2025    Available-for-Sale    U.S. Treasury$261,345 $87 $(10,931)$(45,964)$204,537 U.S. government-sponsored entities and agencies1,554,502 238 (161,684)(68,253)1,324,803 Mortgage-backed securities - Agency6,064,171 18,649 (582,801)— 5,500,019 States and political subdivisions466,473 213 (29,073)1,843 439,456 Pooled trust preferred securities13,809 — (2,498)— 11,311 Other securities282,826 965 (9,946)— 273,845 Total available-for-sale securities$8,643,126 $20,152 $(796,933)$(112,374)$7,753,971 December 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 $(897,516)$(