Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 35

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 35
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$4,605 $2,997 $154 $4,774 $1,004 $14,020 Nonaccrual and Past Due LoansOld National does not record interest on nonaccrual loans until principal is recovered. For all loan classes, a loan is generally placed on nonaccrual status when principal or interest becomes 90 days past due unless it is well secured and in the process of collection, or earlier when concern exists as to the ultimate collectability of principal or interest. Interest accrued but not received is reversed against earnings. Cash interest received on these loans is applied to the principal balance until the principal is recovered or until the loan returns to accrual status. Loans may be returned to accrual status when all the principal and interest amounts contractually due are brought current, remain current for a prescribed period, and future payments are reasonably assured.

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The following table presents the aging of the amortized cost basis in past due loans by class of loans:(dollars in thousands)30-59 DaysPast Due60-89 DaysPast DuePast Due90 Days orMoreTotalPast DueCurrentTotalLoansMarch 31, 2025Commercial$21,038 $2,945 $56,455 $80,438 $10,350,028 $10,430,466 Commercial real estate22,945 1,977 61,985 86,907 15,874,459 15,961,366 BBCC987 707 1,961 3,655 390,455 394,110 Residential31,566 6,104 22,848 60,518 6,711,176 6,771,694 Indirect7,307 1,807 1,281 10,395 1,060,141 1,070,536 Direct1,264 1,019 1,629 3,912 507,543 511,455 Home equity5,576 1,387 6,326 13,289 1,261,028 1,274,317 Total$90,683 $15,946 $152,485 $259,114 $36,154,830 $36,413,944 December 31, 2024Commercial$5,970 $12,021 $47,257 $65,248 $9,991,011