Company: ONBPP
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000707179-25-000005
Chunk: 96

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 96
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 and helps to facilitate a comparison between taxable and tax-exempt assets. Management believes that it is a standard practice in the banking industry to present net interest margin and net interest income on a fully taxable equivalent basis and that it may enhance comparability for peer comparison purposes for both management and investors.

44

The following table presents a three-year average balance sheet and for each major asset and liability category, its related interest income and yield, or its expense and rate for the years ended December 31.

202420232022(Taxable equivalent basis,dollars in thousands)AverageBalanceIncome (1)/ExpenseYield/RateAverageBalanceIncome (1)/ExpenseYield/RateAverageBalanceIncome (1)/ExpenseYield/RateEarning AssetsMoney market and other interest-   earning investments$887,771 $45,835 5.16 %$826,453 $39,683 4.80 %$812,296 $2,814 0.35 %Investment securities:Treasury and government-     sponsored agencies2,288,053 87,489 3.82 2,322,792 84,771 3.65 2,290,229 47,932 2.09 Mortgage-backed securities5,829,322 185,633 3.18 5,178,940 136,827 2.64 5,562,442 129,411 2.33 States and political subdivisions1,672,493 56,006 3.35 1,749,722 57,847 3.31 1,805,433 57,688 3.20 Other securities781,969 47,821 6.12 776,456 39,166 5.04 687,926 24,133 3.51 Total investment securities10,571,837 376,949 3.57 10,027,910 318,611 3.18 10,346,030 259,164 2.50 Loans: (2)Commercial10,166,184 711,562 7.00 9,570,639 639,131 6.68 8,252,237 397,228 4.81 Commercial real estate15,698,854 1,028,387 6.55 13,405,946 825