Company: ONBPP
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0000707179-25-000064
Chunk: 69

Company: OLD NATIONAL BANCORP /IN/
Filing Date: 2025-10-29
Form: 10-Q
Item: Item 1
Chunk 69
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except any that are on nonaccrual status). None of these loans are 90 days or more past due, nor are any on nonaccrual status. Interest income for loans held-for-sale is included in the income statement totaling $0.9 million and $2.6 million for the three and nine months ended September 30, 2025, respectively, compared to $0.7 million and $1.5 million for the three and nine months ended September 30, 2024, respectively.Newly originated conforming fixed-rate and adjustable-rate first mortgage loans are intended for sale and are hedged with derivative instruments. Old National has elected the fair value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplification. The fair value option was not elected for loans held for investment.The difference between the aggregate fair value and the aggregate remaining principal balance for loans for which the fair value option has been elected was as follows: (dollars in thousands)AggregateFair ValueDifference Contractual PrincipalSeptember 30, 2025   Loans held-for-sale$80,341 $1,829 $78,512 December 31, 2024Loans held-for-sale$34,483 $271 $34,212 

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Accrued interest at period end is included in the fair value of the instruments.The following table presents the amount of gains and losses from fair value changes included in income before income taxes for financial assets carried at fair value:(dollars in thousands)OtherGains and (Losses)Interest IncomeInterest (Expense)Total Changesin Fair ValuesIncluded inCurrent Period EarningsThree Months Ended September 30, 2025    Loans held-for-sale$152 $— $(72)$80 Three Months Ended September 30, 2024Loans held-for-sale$809 $7 $— $816 Nine Months Ended September 30, 2025Loans held-for-sale$1,538 $101 $(81)$1,558 Nine Months Ended September 30, 2024Loans held-for-sale$712 $13 $(5)$720 

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Financial Instruments Not Carried at Fair ValueThe carrying amounts and estimated fair values of financial instruments not carried at fair value were as follows:   Fair Value Measurements at September 30, 2025 Using(dollars in thousands