Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 143

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 8
Chunk 143
---
13,586)$796 $18,324 $138,460 Commercial real estate155,099 8,483 (9,742)1,577 34,494 189,911 BBCC2,887 — (1,011)248 773 2,897 Residential real estate20,837 134 — 781 1,383 23,135 Indirect1,236 — (2,222)667 1,552 1,233 Direct3,169 59 (4,312)1,052 3,163 3,131 Home equity6,049 653 (188)145 909 7,568 Total$307,610 $23,922 $(31,061)$5,266 $60,598 $366,335 

21

The allowance for credit losses on loans at June 30, 2025 included $90.4 million of allowance for credit losses on acquired PCD loans established through acquisition accounting adjustments on or after the Bremer acquisition date. In addition, the provision for credit losses on loans in the three and six months ended June 30, 2025 included $69.1 million to establish an allowance for credit losses on non-PCD Bremer loans acquired. The allowance for credit losses on loans at June 30, 2024 included $23.9 million of allowance for credit losses on acquired PCD loans established through acquisition accounting adjustments on or after the CapStar acquisition date.  In addition, the provision for credit losses on loans in the three and six months ended June 30, 2024 included $15.3 million to establish an allowance for credit losses on non-PCD CapStar loans acquired.  Accrued interest receivable on loans is excluded from the estimate of credit losses and totaled $193.4 million at June 30, 2025, compared to $171.6 million at December 31, 2024.Unfunded Loan CommitmentsOld National maintains an allowance for credit losses on unfunded loan commitments to provide for the risk of loss inherent in these arrangements. The allowance is computed using a methodology similar to that used to determine the allowance for credit losses on loans, modified to take into account the probability of a drawdown on the commitment. The allowance for credit losses on unfunded loan commitments is classified as a liability account on the balance sheet within accrued expenses