Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 110

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 110
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131,520)$7,458,459 (1)    Basis adjustments represent the amount of fair value hedging adjustments included in the carrying amounts of fixed-rate investment securities assets designated in fair value hedging arrangements. See Note 15 to the consolidated financial statements for additional information regarding these derivative financial instruments.The following table summarizes the amortized cost and fair value of the held-to-maturity investment securities portfolio and the corresponding amounts of gross unrecognized gains and losses.(dollars in thousands)AmortizedCostUnrecognizedGainsUnrecognizedLossesFairValueMarch 31, 2025   Held-to-MaturityU.S. government-sponsored entities and agencies$834,830 $— $(145,696)$689,134 Mortgage-backed securities - Agency958,004 — (150,470)807,534 States and political subdivisions1,150,099 23 (161,107)989,015 Allowance for securities held-to-maturity(150)— — (150)Total held-to-maturity securities$2,942,783 $23 $(457,273)$2,485,533 December 31, 2024Held-to-MaturityU.S. government-sponsored entities and agencies$832,984 $— $(168,653)$664,331 Mortgage-backed securities - Agency970,212 — (169,546)800,666 States and political subdivisions1,151,835 317 (145,861)1,006,291 Allowance for securities held-to-maturity(150)— — (150)Total held-to-maturity securities$2,954,881 $317 $(484,060)$2,471,138 Substantially all of the mortgage-backed securities in the investment portfolio are residential mortgage-backed securities.

14

Proceeds from sales or calls of available-for-sale investment securities and the resulting realized gains and realized losses were as follows:Three Months EndedMarch 31,(dollars in thousands)20252024Proceeds$70,959 $61,250 Realized gains79 3 Realized losses(155)(19)The table below shows the amortized cost and fair value of the investment securities portfolio by contractual maturity. Expected maturities may differ from contractual maturities if borrowers have the right to call or prepay obligations with or without call or prepayment penalties. Weighted average yield is based on