Old National’s loans consist primarily of loans made to consumers and commercial clients in many diverse industries, including real estate rental and leasing, manufacturing, healthcare, wholesale trade, construction, and agriculture, among others. Most of Old National’s lending activity occurs within our principal geographic markets in the Midwest region of the United States. Old National manages concentrations of credit exposure by industry, product, geography, client relationship, and loan size.

Old National has loan participations, which qualify as participating interests, with other financial institutions. At March 31, 2024, these loans totaled $3.0 billion, of which $1.3 billion had been sold to other financial institutions and $1.7 billion was retained by Old National. The loan participations convey proportionate ownership rights with equal priority to each participating interest holder; involve no recourse (other than ordinary representations and warranties) to, or subordination by, any participating interest holder; all cash flows are divided among the participating interest holders in proportion to each holder’s share of ownership; and no holder has the right to pledge the entire financial asset unless all participating interest holders agree.

The loan categories used to monitor and analyze interest income and yields are different than the portfolio segments used to determine the allowance for credit losses on loans. The allowance for credit losses was calculated by pooling loans of similar credit risk characteristics and credit monitoring procedures. The four loan portfolios used to monitor and analyze interest income and yields – commercial, commercial real estate, residential real estate, and consumer – are reclassified into seven segments of loans – commercial, commercial real estate, BBCC, residential real estate, indirect, direct, and home equity for purposes of determining the allowance for credit losses on loans. The commercial and commercial real estate loan categories shown on the balance sheet include the same pool of loans as the commercial, commercial real estate, and BBCC portfolio segments. The consumer loan category shown on the balance sheet is comprised of the same loans in the indirect, direct, and home equity portfolio segments. The portfolio segment reclassifications follow:


	Balance Sheet Line Item		Portfolio Segment Reclassifications		Portfolio Segment After Reclassifications

(dollars in thousands)
March 31, 2024
Commercial (1)	$	9,648,269	$	(232,045)	$	9,416,224
Commercial real estate	14,653,958		(172,659)		14,481,299
BBCC	N/A		404,704		404,704
Residential real estate	6,661,379		—		6,661,379
Consumer	2,659,713		(2,659,713)		N/A
Indirect	N/A		1,091,998		1,091,998
Direct	N/A		506,305		506,305
Home equity	N/A		1,061,410		1,061,410
Total loans (2)	$	33,623,319	$	—	$	33,623,319
Allowance for credit losses on loans	(319,713)		—		(319,713)
Net loans	$	33,303,606	$	—	$	33,303,606

December 31, 2023
Commercial (1)	$	9,512,230	$	(232,764)	$	9,279,466
Commercial real estate	14,140,629		(169,058)		13,971,571
BBCC	N/A		401,822		401,822
Residential real estate	6,699,443		—		6,699,443
Consumer	2,639,625		(2,639,625)		N/A
Indirect	N/A		1,050,982		1,050,982
Direct	N/A		523,172		523,172
Home equity	N/A		1,065,471		1,065,471
Total loans (2)	$	32,991,927	$	—	$	32,991,927
Allowance for credit losses on loans	(307,610)		—		(307,610)
Net loans	$	32,684,317	$	—	$	32,684,317

Commercial loans are classified primarily on the identified cash flows of the borrower and secondarily on the underlying collateral provided by the borrower. The cash flows of borrowers, however, may not be as expected and the collateral securing these loans may fluctuate in value. Most commercial loans are secured by the assets being financed or other business assets such as accounts receivable or inventory and may incorporate a personal guarantee; however, some loans may be made on an unsecured basis. In the case of loans secured by accounts receivable, the availability of funds for the repayment of these loans may be substantially dependent on the ability of the borrower to collect amounts due from its clients.

Commercial real estate loans are viewed primarily as cash flow loans and secondarily as loans secured by real estate. Commercial real estate lending typically involves higher loan principal amounts, and the repayment of these loans is generally dependent on the successful operation of the property securing the loan or the business conducted

on the property securing the loan. Commercial real estate loans may be adversely affected by conditions in the real estate markets or in the general economy. The properties securing Old National’s commercial real estate portfolio are diverse in terms of type and geographic location. Management monitors and evaluates commercial real estate loans based on collateral, geography, and risk grade criteria. In addition, management tracks the level of owner-occupied commercial real estate loans versus non-owner-occupied loans.

Included with commercial real estate are construction loans, which are underwritten utilizing independent appraisal reviews, sensitivity analysis of absorption and lease rates, financial analysis of the developers and property owners, and feasibility studies, if available. Construction loans are generally based on estimates of costs and value associated with the complete project. These estimates may be inaccurate. Construction loans often involve the disbursement of substantial funds with repayment substantially dependent on the success of the ultimate project. Sources of repayment for these types of loans may be pre-committed permanent loans from approved long-term lenders (including Old National), sales of developed property, or an interim loan commitment from Old National until permanent financing is obtained. These loans are closely monitored by on-site inspections and are considered to have higher risks than other real estate loans due to their ultimate repayment being sensitive to interest rate changes, governmental regulation of real property, general economic conditions, and the availability of long-term financing.

BBCC loans are typically granted to small businesses with gross revenues of less than $5 million and aggregate debt of less than $1 million. Old National has established minimum debt service coverage ratios, minimum FICO scores for owners and guarantors, and the ability to show relatively stable earnings as criteria to help mitigate risk. Repayment of these loans depends on the personal income of the borrowers and the cash flows of the business. These factors can be affected by factors such as changes in economic conditions and unemployment levels.

With respect to residential loans that are secured by 1 - 4 family residences and are generally owner occupied, Old National typically establishes a maximum loan-to-value ratio and generally requires private mortgage insurance if that ratio is exceeded. Repayment of these loans is primarily dependent on the personal income of the borrowers, which can be impacted by economic conditions in their market areas such as unemployment levels. Repayment can also be impacted by changes in residential property values. Portfolio risk is mitigated by the fact that the loans are of smaller individual amounts and spread over a large number of borrowers.

Indirect loans are secured by automobile collateral, generally new and used cars and trucks from auto dealers that operate within our footprint. Old National typically mitigates the risk of indirect loans by establishing minimum FICO scores, maximum loan-to-value ratios, and maximum debt-to-income ratios. Repayment of these loans depends largely on the personal income of the borrowers, which can be affected by changes in economic conditions such as unemployment levels. Portfolio risk is mitigated by the fact that the loans are of smaller amounts spread over many borrowers and ongoing reviews of dealer relationships.

Direct loans are typically secured by collateral such as auto or real estate or are unsecured. Old National has established underwriting standards such as minimum FICO scores, maximum loan-to-value ratios, and maximum debt-to-income ratios. Repayment of these loans depends largely on the personal income of the borrowers, which can be affected by changes in economic conditions such as unemployment levels. Portfolio risk is mitigated by the fact that the loans are of smaller amounts spread over many borrowers.

Home equity loans are generally secured by 1-4 family residences that are owner-occupied. Old National has established underwriting standards such as minimum FICO scores, maximum loan-to-value ratios, and maximum debt-to-income ratios. Repayment of these loans depends largely on the personal income of the borrowers, which can be affected by changes in economic conditions such as unemployment levels. Portfolio risk is mitigated by the

Credit loss assumptions used when computing the level of expected credit losses are estimated using a model that categorizes loan pools based on loss history, delinquency status, and other credit trends and risk characteristics, including current conditions and reasonable and supportable forecasts about the future. The base forecast scenario considers unemployment, gross domestic product, and the BBB ratio (BBB spread to the 10-year U.S. Treasury rate). In addition to the quantitative inputs, several qualitative factors are considered. These factors include the risk that unemployment, gross domestic product, housing product index, and the BBB ratio prove to be more severe and/or prolonged than our baseline forecast due to a variety of factors including monetary actions to control inflation, recent instability in the banking sector, global military conflicts, and global supply chain issues. Old National’s activity in the allowance for credit losses on loans by portfolio segment was as follows:


(dollars in thousands)	Balance at Beginning of Period		Charge-offs		Recoveries		Provision for Loan Losses		Balance at End of Period




















Three Months Ended March 31, 2024
Commercial	$	118,333	$	(3,659)	$	334	$	8,429	$	123,437
Commercial real estate	155,099		(6,641)		1,035		11,147		160,640
BBCC	2,887		(76)		18		334		3,163
Residential real estate	20,837		—		19		1,043		21,899
Indirect	1,236		(1,138)		332		788		1,218
Direct	3,169		(2,428)		487		1,724		2,952
Home equity	6,049		(78)		45		388		6,404
Total	$	307,610	$	(14,020)	$	2,270	$	23,853	$	319,713

Three Months Ended March 31, 2023
Commercial	$	120,612	$	(12,423)	$	283	$	17,296	$	125,768
Commercial real estate	138,244		(1,189)		263		(1,970)		135,348
BBCC	2,431		(28)		73		(160)		2,316
Residential real estate	21,916		(23)		72		(1,758)		20,207
Indirect	1,532		(1,197)		412		687		1,434
Direct	12,116		(3,238)		581		(2,693)		6,766
Home equity	6,820		(82)		67		67		6,872
Total	$	303,671	$	(18,180)	$	1,751	$	11,469	$	298,711

Old 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 and other liabilities, while the corresponding provision for unfunded loan commitments is included in the provision for credit losses. Old National’s activity in the allowance for credit losses on unfunded loan commitments was as follows:

Old National’s management monitors the credit quality of its loans on an ongoing basis with the AQR for commercial loans reviewed annually or at renewal and the performance of its residential and consumer loans based upon the accrual status refreshed at least quarterly. Internally, management assigns an AQR to each non-homogeneous commercial, commercial real estate, and BBCC loan in the portfolio. The primary determinants of the AQR are the reliability of the primary source of repayment and the past, present, and projected financial condition of the borrower. The AQR will also consider current industry conditions. Major factors used in determining the AQR can vary based on the nature of the loan, but commonly include factors such as debt service coverage, internal cash flow, liquidity, leverage, operating performance, debt burden, FICO scores, occupancy, interest rate sensitivity, and expense burden. Old National uses the following definitions for risk ratings:

Classified – Substandard. Loans classified as substandard are inadequately protected by the current net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt. They are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected.

Classified – Doubtful. Loans classified as doubtful have all the weaknesses inherent in those classified as nonaccrual, with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable.


(dollars in thousands)	Origination Year														Revolving to Term
	2024		2023		2022		2021		2020		Prior		Revolving				Total
March 31, 2024
Commercial:

Pass	$	410,201	$	1,750,748	$	1,366,887	$	874,692	$	478,725	$	799,327	$	2,162,262	$	891,572	$	8,734,414
Criticized	1,087		23,697		66,438		16,667		36,943		50,076		123,117		15,698		333,723
Classified:
Substandard	6,680		8,148		37,790		32,816		33,303		27,990		60,662		67,681		275,070
Nonaccrual	—		8,206		—		—		—		1,623		603		2,285		12,717
Doubtful	—		12,237		35,110		6,343		4,523		2,087		—		—		60,300
Total	$	417,968	$	1,803,036	$	1,506,225	$	930,518	$	553,494	$	881,103	$	2,346,644	$	977,236	$	9,416,224


Commercial real estate:

Pass	$	461,150	$	2,274,374	$	3,680,370	$	2,438,872	$	1,479,830	$	2,057,232	$	98,657	$	988,203	$	13,478,688
Criticized	7,746		51,975		48,071		132,220		38,258		112,902		7,869		80,231		479,272
Classified:
Substandard	280		10,079		66,381		37,954		33,966		142,537		—		57,157		348,354
Nonaccrual	—		206		19,344		11,850		2,599		19,159		—		2,465		55,623
Doubtful	—		5,217		21,775		24,349		2,224		65,797		—		—		119,362
Total	$	469,176	$	2,341,851	$	3,835,941	$	2,645,245	$	1,556,877	$	2,397,627	$	106,526	$	1,128,056	$	14,481,299


BBCC:

Pass	$	20,205	$	82,522	$	63,561	$	41,025	$	35,964	$	41,883	$	65,020	$	31,595	$	381,775
Criticized	122		—		571		872		528		324		2,004		10,003		14,424
Classified:
Substandard	73		444		191		248		126		82		575		994		2,733
Nonaccrual	—		—		—		470		—		1,169		—		1,962		3,601
Doubtful	—		904		564		229		252		222		—		—		2,171
Total	$	20,400	$	83,870	$	64,887	$	42,844	$	36,870	$	43,680	$	67,599	$	44,554	$	404,704


(dollars in thousands)	Origination Year														Revolving to Term
	2023		2022		2021		2020		2019		Prior		Revolving				Total
December 31, 2023
Commercial:

Pass	$	1,826,289	$	1,573,669	$	985,964	$	520,883	$	450,911	$	495,979	$	2,051,985	$	651,953	$	8,557,633
Criticized	20,038		90,031		19,953		36,906		25,756		47,357		89,765		44,348		374,154
Classified:
Substandard	27,271		41,164		27,990		37,618		10,461		29,981		72,703		56,716		303,904
Nonaccrual	32		7,034		—		—		823		3,411		—		5,461		16,761
Doubtful	—		7,261		5,925		4,875		1,742		7,211		—		—		27,014
Total	$	1,873,630	$	1,719,159	$	1,039,832	$	600,282	$	489,693	$	583,939	$	2,214,453	$	758,478	$	9,279,466

Commercial real estate:

Pass	$	2,177,841	$	3,515,702	$	2,563,638	$	1,576,044	$	1,010,351	$	1,161,119	$	103,332	$	960,386	$	13,068,413
Criticized	69,648		69,946		68,708		27,059		52,107		95,896		3,893		64,730		451,987
Classified:
Substandard	26,638		56,423		21,401		28,983		61,186		49,558		—		48,760		292,949
Nonaccrual	—		21,919		10,706		1,975		1,634		8,632		—		1,400		46,266
Doubtful	5,360		429		30,897		2,306		37,777		35,187		—		—		111,956
Total	$	2,279,487	$	3,664,419	$	2,695,350	$	1,636,367	$	1,163,055	$	1,350,392	$	107,225	$	1,075,276	$	13,971,571

BBCC:

Pass	$	81,102	$	64,583	$	44,307	$	38,086	$	27,557	$	19,028	$	68,807	$	33,361	$	376,831
Criticized	—		—		857		700		1,001		349		2,144		12,728		17,779
Classified:
Substandard	436		193		252		—		—		604		15		1,006		2,506
Nonaccrual	—		—		482		—		4		1,105		—		1,402		2,993
Doubtful	302		727		254		286		60		84		—		—		1,713
Total	$	81,840	$	65,503	$	46,152	$	39,072	$	28,622	$	21,170	$	70,966	$	48,497	$	401,822

For residential real estate and consumer loan classes, Old National evaluates credit quality based on the aging status of the loan and by payment activity. The performing or nonperforming status is updated on an on-going basis dependent upon improvement and deterioration in credit quality. The following table presents the amortized cost of term residential real estate and consumer loans based on payment activity and origination year:


	Origination Year														Revolving to Term
(dollars in thousands)	2024		2023		2022		2021		2020		Prior		Revolving				Total
March 31, 2024
Residential real estate:
Risk Rating:
Performing	$	52,693	$	475,237	$	1,494,593	$	1,857,010	$	1,615,143	$	1,119,364	$	74	$	243	$	6,614,357
Nonperforming	—		1,366		6,461		6,151		3,771		29,273		—		—		47,022
Total	$	52,693	$	476,603	$	1,501,054	$	1,863,161	$	1,618,914	$	1,148,637	$	74	$	243	$	6,661,379


Indirect:
Risk Rating:
Performing	$	139,067	$	373,733	$	321,837	$	143,848	$	69,757	$	39,133	$	—	$	215	$	1,087,590
Nonperforming	—		695		1,668		1,110		450		485		—		—		4,408
Total	$	139,067	$	374,428	$	323,505	$	144,958	$	70,207	$	39,618	$	—	$	215	$	1,091,998


Direct:
Risk Rating:
Performing	$	19,941	$	92,696	$	123,339	$	82,175	$	29,248	$	73,369	$	79,443	$	611	$	500,822
Nonperforming	—		18		522		386		658		3,886		3		10		5,483
Total	$	19,941	$	92,714	$	123,861	$	82,561	$	29,906	$	77,255	$	79,446	$	621	$	506,305


Home equity:
Risk Rating:
Performing	$	—	$	2	$	396	$	299	$	—	$	4,911	$	1,012,484	$	25,360	$	1,043,452
Nonperforming	—		1		7		131		242		4,688		3,618		9,271		17,958
Total	$	—	$	3	$	403	$	430	$	242	$	9,599	$	1,016,102	$	34,631	$	1,061,410


	Origination Year														Revolving to Term
	2023		2022		2021		2020		2019		Prior		Revolving				Total
December 31, 2023
Residential real estate:
Risk Rating:
Performing	$	453,743	$	1,508,671	$	1,836,078	$	1,705,131	$	430,783	$	722,987	$	—	$	279	$	6,657,672
Nonperforming	116		4,563		4,004		3,375		4,078		25,635		—		—		41,771
Total	$	453,859	$	1,513,234	$	1,840,082	$	1,708,506	$	434,861	$	748,622	$	—	$	279	$	6,699,443

Indirect:
Risk Rating:
Performing	$	393,369	$	355,822	$	162,735	$	82,871	$	37,967	$	13,815	$	—	$	196	$	1,046,775
Nonperforming	372		1,472		1,207		547		318		291		—		—		4,207
Total	$	393,741	$	357,294	$	163,942	$	83,418	$	38,285	$	14,106	$	—	$	196	$	1,050,982

Direct:
Risk Rating:
Performing	$	109,372	$	90,310	$	92,491	$	48,387	$	29,659	$	67,129	$	75,080	$	4,852	$	517,280
Nonperforming	67		531		517		560		210		3,872		124		11		5,892
Total	$	109,439	$	90,841	$	93,008	$	48,947	$	29,869	$	71,001	$	75,204	$	4,863	$	523,172

Home equity:
Risk Rating:
Performing	$	290	$	164	$	160	$	140	$	679	$	4,483	$	1,019,389	$	23,918	$	1,049,223
Nonperforming	—		310		328		404		741		4,327		2,844		7,294		16,248
Total	$	290	$	474	$	488	$	544	$	1,420	$	8,810	$	1,022,233	$	31,212	$	1,065,471


	Origination Year
(dollars in thousands)	2024		2023		2022		2021		2020		Prior		Revolving		Total
Three Months Ended March 31, 2024
Commercial	$	—	$	—	$	3,481	$	33	$	8	$	4	$	133		$	3,659
Commercial real estate	—		—		—		2,176		—		4,465		—			6,641
BBCC	—		—		76		—		—		—		—			76
Residential real estate	—		—		—		—		—		—		—			—
Indirect	—		370		472		225		33		38		—			1,138
Direct	—		116		576		529		113		223		871			2,428
Home equity	—		—		—		34		—		44		—			78
Total gross charge-offs	$	—	$	486	$	4,605	$	2,997	$	154	$	4,774	$	1,004		$	14,020

	Origination Year
	2023		2022		2021		2020		2019		Prior		Revolving		Total
Three Months Ended March 31, 2023
Commercial	$	—	$	—	$	5,230	$	—	$	6,789	$	239	$	165		$	12,423
Commercial real estate	—		54		735		400		—		—		—			1,189
BBCC	—		—		28		—		—		—		—			28
Residential real estate	—		—		—		—		—		23		—			23
Indirect	—		514		430		93		111		49		—			1,197
Direct	—		471		794		286		327		195		1,165			3,238
Home equity	—		—		—		—		—		82		—			82
Total gross charge-offs	$	—	$	1,039	$	7,217	$	779	$	7,227	$	588	$	1,330		$	18,180

Old 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.


(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Past Due 90 Days or More		Total Past Due		Current		Total Loans
March 31, 2024
Commercial	$	10,099	$	1,620	$	10,023	$	21,742	$	9,394,482	$	9,416,224
Commercial real estate	8,838		27,844		32,539		69,221		14,412,078		14,481,299
BBCC	1,268		1,111		1,240		3,619		401,085		404,704
Residential	31,319		5,030		14,216		50,565		6,610,814		6,661,379
Indirect	5,488		1,351		1,205		8,044		1,083,954		1,091,998
Direct	4,751		1,115		3,454		9,320		496,985		506,305
Home equity	4,948		1,045		7,921		13,914		1,047,496		1,061,410
Total	$	66,711	$	39,116	$	70,598	$	176,425	$	33,446,894	$	33,623,319

December 31, 2023
Commercial	$	16,128	$	1,332	$	4,861	$	22,321	$	9,257,145	$	9,279,466
Commercial real estate	9,081		5,254		30,660		44,995		13,926,576		13,971,571
BBCC	1,368		134		977		2,479		399,343		401,822
Residential	12,358		367		15,249		27,974		6,671,469		6,699,443
Indirect	7,025		1,854		1,342		10,221		1,040,761		1,050,982
Direct	5,436		1,455		1,787		8,678		514,494		523,172
Home equity	7,791		2,347		6,659		16,797		1,048,674		1,065,471
Total	$	59,187	$	12,743	$	61,535	$	133,465	$	32,858,462	$	32,991,927


	March 31, 2024						December 31, 2023
(dollars in thousands)	Nonaccrual Amortized Cost		Nonaccrual With No Related Allowance		Past Due 90 Days or More and Accruing		Nonaccrual Amortized Cost		Nonaccrual With No Related Allowance		Past Due 90 Days or More and Accruing
Commercial	$	73,017	$	16,707	$	1,167	$	43,775	$	13,143	$	242
Commercial real estate	174,985		56,216		742		158,222		24,507		585
BBCC	5,772		—		98		4,706		—		95
Residential	47,022		—		10		41,771		—		—
Indirect	4,408		—		108		4,207		—		8
Direct	5,483		—		42		5,892		—		31
Home equity	17,958		—		5		16,248		—		—
Total	$	328,645	$	72,923	$	2,172	$	274,821	$	37,650	$	961

When management determines that foreclosure is probable, expected credit losses for collateral dependent loans are based on the fair value of the collateral at the reporting date, adjusted for selling costs as appropriate. A loan is considered collateral dependent when the borrower is experiencing financial difficulty, and the loan is expected to be repaid substantially through the operation or sale of the collateral. The class of loan represents the primary collateral type associated with the loan. Significant quarter-over-quarter changes are reflective of changes in nonaccrual status and not necessarily associated with credit quality indicators like appraisal value. The following table presents the amortized cost basis of collateral dependent loans by class of loan:


	Type of Collateral
(dollars in thousands)	Real Estate		Blanket Lien		Investment Securities/Cash		Auto		Other
March 31, 2024
Commercial	$	11,284	$	39,258	$	5,728	$	11,582	$	319
Commercial real estate	163,753		—		1,133		—		6,031
BBCC	3,793		1,701		—		278		—
Residential	47,022		—		—		—		—
Indirect	—		—		—		4,408		—
Direct	4,559		—		7		386		48
Home equity	17,958		—		—		—		—
Total loans	$	248,369	$	40,959	$	6,868	$	16,654	$	6,398

December 31, 2023
Commercial	$	14,303	$	24,729	$	2,577	$	280	$	328
Commercial real estate	146,425		—		1,167		—		6,107
BBCC	3,522		794		—		390		—
Residential	41,771		—		—		—		—
Indirect	—		—		—		4,207		—
Direct	4,727		1		3		366		29
Home equity	16,248		—		—		—		—
Total loans	$	226,996	$	25,524	$	3,747	$	5,243	$	6,464

Occasionally, Old National modifies loans to borrowers experiencing financial difficulty in the form of principal forgiveness, term extension, an other-than-insignificant payment delay, or interest rate reduction (or a combination thereof). When principal forgiveness is provided, the amount of forgiveness is charged-off against the allowance for credit losses on loans.


(dollars in thousands)	30-59 Days Past Due		60-89 Days Past Due		Past Due 90 Days or More		Total Past Due		Current		Total Loans
March 31, 2024
Commercial	$	—	$	—	$	—	$	—	$	29,426	$	29,426
Commercial real estate	4,059		31,222		—		35,281		85,610		120,891





Total	$	4,059	$	31,222	$	—	$	35,281	$	115,036	$	150,317

December 31, 2023
Commercial	$	—	$	—	$	—	$	—	$	21,631	$	21,631
Commercial real estate	5,287		—		—		5,287		116,242		121,529





Total	$	5,287	$	—	$	—	$	5,287	$	137,873	$	143,160

There were no payment defaults on these loans subsequent to their modifications during the three months ended March 31, 2024 or 2023. Old National had not committed to lend any material additional funds to the borrowers whose loans were modified due to financial difficulties at March 31, 2024 or December 31, 2023.