Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 158

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 8
Chunk 158
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Indirect4,923 — 18 5,372 — — Direct4,473 — 33 3,407 — — Home equity18,161 — — 20,711 — 73 Total$590,820 $95,580 $1,525 $447,979 $95,004 $4,060 Interest income recognized on nonaccrual loans was insignificant during the three and nine months ended September 30, 2025 and 2024.

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When management determines that foreclosure is probable, expected credit losses for collateral dependent loans are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. A loan is considered collateral dependent when the borrower is experiencing financial difficulty, and the loan is expected to be repaid substantially through the operation or sale of the collateral. The class of loan represents the primary collateral type associated with the loan. Significant quarter-over-quarter changes are reflective of changes in nonaccrual status and not necessarily associated with credit quality indicators like appraisal value. The following table presents the amortized cost basis of collateral dependent loans by class of loan:Type of Collateral(dollars in thousands)RealEstateBlanketLienInvestmentSecurities/CashAutoOtherSeptember 30, 2025Commercial$23,980 $129,535 $7,141 $5,530 $2,338 Commercial real estate305,228 3,434 1,362 — 119 BBCC1,332 1,475 284 132 — Residential63,446 — — — — Indirect— — — 4,923 — Direct3,843 16 — 291 85 Home equity18,161 — — — — Total loans$415,990 $134,460 $8,787 $10,876 $2,542 December 31, 2024Commercial$17,520 $68,985 $6,980 $6,544 $5,215 Commercial real estate228,952 542 1,046 — — BBCC3,201 1,137 86 248 — Residential60,454 — — — — Indirect— — — 5,372 —