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Securities Sold Under Agreements to Repurchase
12 Months Ended
Dec. 31, 2024
Securities Sold under Agreements to Repurchase [Abstract]  
Securities Sold Under Agreements to Repurchase SECURITIES SOLD UNDER AGREEMENTS TO REPURCHASE
Securities sold under agreements to repurchase are secured borrowings. Old National pledges investment securities to secure these borrowings. The following table presents securities sold under agreements to repurchase and related weighted-average interest rates for each of the years ended December 31:
(dollars in thousands)20242023
Outstanding at year-end$268,975 $285,206 
Average amount outstanding258,630 332,853 
Maximum amount outstanding at any month-end319,423 430,537 
Weighted-average interest rate:
During year1.06 %0.99 %
End of year0.86 3.64 
The following table presents the contractual maturity of our secured borrowings and class of collateral pledged:
At December 31, 2024
Remaining Contractual Maturity of the Agreements
(dollars in thousands)Overnight and
Continuous
Up to
30 Days
30-90 DaysGreater Than
90 days
Total
Repurchase Agreements:
U.S. Treasury and agency securities$268,975 $ $ $ $268,975 
Total$268,975 $ $ $ $268,975