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Commitments, Contingencies, and Financial Guarantees (Tables)
 12 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Summary of Loan Commitments
The following table summarizes Old National’s other borrowings:
 December 31,
(dollars in thousands)20242023
Old National Bancorp:
Subordinated debentures (fixed rate 5.88%) maturing September 2026
$150,000 $150,000 
Subordinated debentures (fixed rate 5.25%) maturing June 2030
30,000 — 
Junior subordinated debentures (rates of 6.02% to 8.43%)
   maturing July 2031 to September 2037
136,643 136,643 
Senior unsecured notes (fixed rate 4.13%) matured August 2024
— 175,000 
Unamortized debt issuance costs related to senior unsecured notes— (91)
Other basis adjustments13,049 18,207 
Old National Bank:
Finance lease liabilities24,822 20,955 
Subordinated debentures (3-month Secured Overnight Financing Rate (“SOFR”)
   plus 4.62%; variable rate 9.21%) maturing October 2025
12,000 12,000 
Leveraged loans for NMTC (fixed rates of 1.00% to 2.82%)
   maturing December 2046 to June 2060
210,251 154,284 
Other (1)
112,853 97,872 
Total other borrowings$689,618 $764,870 
(1)Includes overnight borrowings to collateralize certain derivative positions totaling $112.8 million at December 31, 2024 and $97.6 million at December 31, 2023.
The following table summarizes the terms of our outstanding junior subordinated debentures as of December 31, 2024:
(dollars in thousands)

Name of Trust
Issuance DateIssuance
Amount		Rate
Rate at
December 31,
2024
Maturity Date
Bridgeview Statutory Trust IJuly 2001$15,464 
3-month SOFR plus 3.58%
8.43 %July 31, 2031
Bridgeview Capital Trust IIDecember 200215,464 
3-month SOFR plus 3.35%
8.27 %January 7, 2033
First Midwest Capital Trust INovember 200337,825 
6.95% fixed
6.95 %December 1, 2033
St. Joseph Capital Trust IIMarch 20055,155 
3-month SOFR plus 1.75%
6.36 %March 17, 2035
Northern States Statutory Trust ISeptember 200510,310 
3-month SOFR plus 1.80%
6.42 %September 15, 2035
Anchor Capital Trust IIIAugust 20055,000 
3-month SOFR plus 1.55%
6.14 %September 30, 2035
Great Lakes Statutory Trust IIDecember 20056,186 
3-month SOFR plus 1.40%
6.02 %December 15, 2035
Home Federal Statutory
   Trust I		September 200615,464 
3-month SOFR plus 1.65%
6.27 %September 15, 2036
Monroe Bancorp Capital
   Trust I		July 20063,093 
3-month SOFR plus 1.60%
6.52 %October 7, 2036
Tower Capital Trust 3December 20069,279 
3-month SOFR plus 1.69%
6.45 %March 1, 2037
Monroe Bancorp Statutory
   Trust II		March 20075,155 
3-month SOFR plus 1.60%
6.22 %June 15, 2037
Great Lakes Statutory Trust IIIJune 20078,248 
3-month SOFR plus 1.70%
6.32 %September 15, 2037
Total$136,643 
The following table summarizes Old National Bank’s unfunded loan commitments and standby letters of credit:
December 31,
(dollars in thousands)20242023
Unfunded loan commitments (1)
$8,533,433 $8,912,587 
Standby letters of credit (2)
194,323 192,237 
(1)Excludes cancellable loan commitments of $2.5 billion at December 31, 2024 and $2.3 billion at December 31, 2023.
(2)Notional amount, which represents the maximum amount of future funding requirements. The carrying value was $1.7 million at December 31, 2024 and $1.3 million at December 31, 2023.