Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 43

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 43
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 the tax credits generated from the investments and excludes the net tax expense (benefit) and deferred tax liability of the investments’ income (loss).

NOTE 10 – SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE

Securities sold under agreements to repurchase are secured borrowings. Old National pledges investment securities to secure these borrowings. The following table presents securities sold under agreements to repurchase and related weighted-average interest rates:At or for the Three MonthsEnded March 31,(dollars in thousands)20252024Outstanding at period end$290,256 $274,493 Average amount outstanding during the period272,961 296,236 Maximum amount outstanding at any month-end during the period290,256 319,423 Weighted-average interest rate:During the period0.82 %1.25 %At period end0.88 %3.61 %At December 31, 2024, securities sold under agreements to repurchase totaled $269.0 million with a weighted-average interest rate of 0.86%.The following table presents the contractual maturity of our secured borrowings and class of collateral pledged: At March 31, 2025 Remaining Contractual Maturity of the Agreements(dollars in thousands)Overnight and ContinuousUp to30 Days 30-90 DaysGreater Than 90 daysTotalRepurchase Agreements:     U.S. Treasury and agency securities$290,256 $— $— $— $290,256 Total$290,256 $— $— $— $290,256 

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NOTE 11 – FEDERAL HOME LOAN BANK ADVANCES

The following table summarizes Old National Bank’s FHLB advances:(dollars in thousands)March 31,2025December 31, 2024FHLB advances (fixed rates 2.19% to 4.55%   and variable rates 4.31% to 4.32%) maturing   June 2025 to January 2045$4,526,200 $4,475,285 Fair value hedge basis adjustments and unamortized   prepayment fees(11,846)(22,726)Total$4,514,354 $4,452,559 FHLB advances had weighted-average rates of 3.54% at March 31, 2025 and