Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 139

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 8
Chunk 139
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. As part of the transaction structure, Old National has the right to sell its interest in the entity that received the leveraged loans at an agreed upon price to the leveraged lender at the end of the NMTC seven-year compliance period. See Note 9 to the consolidated financial statements for additional information on the Company’s NMTC investments.Finance Lease LiabilitiesOld National has long-term finance lease liabilities for certain banking centers and equipment totaling $23.4 million at March 31, 2025. See Note 7 to the consolidated financial statements for a maturity analysis of the Company’s finance lease liabilities.

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NOTE 13 – ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes within each classification of AOCI, net of tax:(dollars in thousands)UnrealizedGains andLosses onAvailable-for-Sale DebtSecuritiesUnrecognizedGains andLosses onHeld-to-MaturitySecuritiesGains andLosses onHedgesTotalThree Months Ended March 31, 2025Balance at beginning of period$(668,063)$(82,294)$4,314 $(746,043)Other comprehensive income (loss) before reclassifications85,228 — 8,442 93,670 Amounts reclassified from AOCI to income (1)56 2,921 887 3,864 Balance at end of period$(582,779)$(79,373)$13,643 $(648,509)Three Months Ended March 31, 2024Balance at beginning of period$(652,518)$(95,472)$9,181 $(738,809)Other comprehensive income (loss) before reclassifications(33,463)— (14,205)(47,668)Amounts reclassified from AOCI to income (1)12 3,221 3,616 6,849 Balance at end of period$(685,969)$(92,251)$(1,408)$(779,628)(1)See table below for details about reclassifications to income.The following table summarizes the amounts reclassified out of each component of AOCI for the three months ended March 31, 2025 and 2024: Three Months EndedMarch 31, (dollars in thousands)20252024 Details about AOCI ComponentsAmount Reclassifiedfrom AOCIAffected Line Item in theStatement of IncomeUnrealized gains