Company: ONBPP
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000707179-25-000009
Chunk: 44

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-04-30
Form: 10-Q
Item: Item 1
Chunk 44
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 December 31, 2024. FHLB advances are collateralized by designated assets that may include qualifying commercial real estate loans, residential and multifamily mortgages, home equity loans, and certain investment securities.At March 31, 2025, total unamortized prepayment fees related to all FHLB advance debt modifications completed in prior years totaled $6.7 million, compared to $8.2 million at December 31, 2024.Contractual maturities of FHLB advances at March 31, 2025 were as follows:(dollars in thousands) Due in 2025$700,000 Due in 2026100,000 Due in 2028650,000 Due in 2029800,000 Thereafter2,276,200 Fair value hedge basis adjustments and unamortized prepayment fees(11,846)Total$4,514,354 

NOTE 12 – OTHER BORROWINGS

The following table summarizes Old National’s other borrowings:(dollars in thousands)March 31,2025December 31, 2024Old National Bancorp:  Subordinated debentures (fixed rate 5.88%) maturing September 2026$150,000 $150,000 Subordinated debentures (fixed rate 5.25%) maturing June 203030,000 30,000 Junior subordinated debentures (rates of 5.96% to 8.13%) maturing   July 2031 to September 2037136,643 136,643 Other basis adjustments11,759 13,049 Old National Bank:Finance lease liabilities23,440 24,822 Subordinated debentures (3-month Secured Overnight Financing   Rate (“SOFR”) plus 4.618%; variable rate 8.90%) maturing October 202512,000 12,000 Leveraged loans for NMTC (fixed rates of 1.00% to 2.82%)    maturing December 2046 to June 2060210,251 210,251 Other (1)68,181 112,853 Total other borrowings$642,274 $689,618 (1)Includes overnight borrowings to collateralize certain derivative positions totaling $68.1 million at March 31, 2025 and $112.8