Company: ONBPP
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000707179-25-000018
Chunk: 264

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-07-30
Form: 10-Q
Item: Item 2
Chunk 264
---
 schedule for Old National Bank’s time deposits is shown in the following table at June 30, 2025.

(dollars in thousands)Maturity BucketAmountRate2025$6,978,961 3.35 %20261,991,478 3.48 2027149,691 2.05 202840,224 1.84 202927,633 1.65 2030 and beyond23,242 1.05 Total$9,211,229 3.34 %

Our ability to acquire funding at competitive prices is influenced by rating agencies’ views of our credit quality, liquidity, capital, and earnings.

The credit ratings of Old National and Old National Bank at June 30, 2025 are shown in the following table.

 Moody’s Investors Service Long-termShort-termOld NationalBaa1N/AOld National BankA1P-1

Old National Bank maintains relationships in capital markets with brokers and dealers to issue certificates of deposit and short-term and medium-term bank notes as well. At June 30, 2025, Old National and its subsidiaries had the following availability of liquid funds and borrowings:

(dollars in thousands)Parent CompanySubsidiariesAvailable liquid funds:Cash and due from banks$485,070 $1,323,501 Unencumbered government-issued debt securities— 5,651,871 Unencumbered investment grade municipal securities— 62,589 Unencumbered corporate securities— 33,747 Availability of borrowings*:Amount available from Federal Reserve discount window— 4,555,409 Amount available from Federal Home Loan Bank— 7,832,136 Total available funds$485,070 $19,459,253 

*  Based on collateral pledged

Old National Bancorp has routine funding requirements consisting primarily of operating expenses, dividends to shareholders, debt service, net derivative cash flows, and funds used for acquisitions. Old National Bancorp can obtain funding to meet its obligations from dividends and management fees collected from its subsidiaries, operating line of credit, and through the issuance of debt securities. Additionally, Old National Bancorp has a shelf registration in place with the SEC permitting ready access to the public debt and equity markets. At June 30, 2025, Old National Bancorp’s other borrowings outstanding were $389.0 million. Management believes the Company has the ability to generate and obtain adequate amounts