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 and Southeast regions 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, 2025, these loans totaled $3.3 billion, of which $1.5 billion had been sold to other financial institutions and $1.8 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, business banking credit center (“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, 2025
Commercial (1)	$	10,650,615	$	(220,149)	$	10,430,466
Commercial real estate	16,135,327		(173,961)		15,961,366
BBCC	N/A		394,110		394,110
Residential real estate	6,771,694		—		6,771,694
Consumer	2,856,308		(2,856,308)		N/A
Indirect	N/A		1,070,536		1,070,536
Direct	N/A		511,455		511,455
Home equity	N/A		1,274,317		1,274,317
Total loans (2)	$	36,413,944	$	—	$	36,413,944
Allowance for credit losses on loans	(401,932)		—		(401,932)
Net loans	$	36,012,012	$	—	$	36,012,012

December 31, 2024
Commercial (1)	$	10,288,560	$	(232,301)	$	10,056,259
Commercial real estate	16,307,486		(174,438)		16,133,048
BBCC	N/A		406,739		406,739
Residential real estate	6,797,586		—		6,797,586
Consumer	2,892,255		(2,892,255)		N/A
Indirect	N/A		1,096,778		1,096,778
Direct	N/A		514,144		514,144
Home equity	N/A		1,281,333		1,281,333
Total loans (2)	$	36,285,887	$	—	$	36,285,887
Allowance for credit losses on loans	(392,522)		—		(392,522)
Net loans	$	35,893,365	$	—	$	35,893,365

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 classified 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 Fair Isaac Corporation (“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 such changes as 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, home price index, 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 macroeconomic forecasts of unemployment, gross domestic product, home price index, and the BBB ratio may prove to be more severe and/or prolonged than our baseline forecast due to a variety of considerations. 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, 2025
Commercial	$	148,722	$	(9,311)	$	1,280	$	16,896	$	157,587
Commercial real estate	200,309		(11,660)		270		9,191		198,110
BBCC	2,813		(4)		300		(414)		2,695
Residential real estate	22,922		(30)		88		1,234		24,214
Indirect	8,434		(1,934)		439		2,124		9,063
Direct	2,304		(1,601)		512		838		2,053
Home equity	7,018		—		35		1,157		8,210
Total	$	392,522	$	(24,540)	$	2,924	$	31,026	$	401,932
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

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 asset quality rating (“AQR”) for commercial, commercial real estate, and BBCC 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 Old National will sustain some loss if the deficiencies are not corrected.


(dollars in thousands)	Origination Year														Revolving to Term
	2025		2024		2023		2022		2021		Prior		Revolving				Total
March 31, 2025
Commercial:

Pass	$	526,158	$	1,800,312	$	1,206,395	$	1,056,867	$	662,292	$	831,140	$	2,769,402	$	633,871	$	9,486,437
Special Mention	240		29,973		76,049		53,437		14,567		41,565		65,298		30,738		311,867
Classified:
Substandard	814		46,978		77,024		69,548		57,452		43,957		117,613		81,646		495,032
Nonaccrual	5		612		1,570		5,037		2,369		3,673		1,323		2,561		17,150
Doubtful	9,869		7,424		20,254		25,849		1,626		9,167		16,112		29,679		119,980
Total	$	537,086	$	1,885,299	$	1,381,292	$	1,210,738	$	738,306	$	929,502	$	2,969,748	$	778,495	$	10,430,466


Commercial real estate:

Pass	$	596,570	$	2,116,861	$	2,436,300	$	3,391,971	$	1,948,240	$	2,817,618	$	104,380	$	836,483	$	14,248,423
Special Mention	2,049		44,474		54,953		145,170		59,239		76,730		21,281		102,703		506,599
Classified:
Substandard	8,941		21,634		101,972		453,906		139,673		167,046		378		85,481		979,031
Nonaccrual	—		4,181		880		4,548		5,295		20,300		—		24,600		59,804
Doubtful	—		10,556		10,046		23,389		27,254		70,149		—		26,115		167,509
Total	$	607,560	$	2,197,706	$	2,604,151	$	4,018,984	$	2,179,701	$	3,151,843	$	126,039	$	1,075,382	$	15,961,366


BBCC:

Pass	$	15,468	$	76,655	$	74,105	$	52,259	$	31,389	$	43,774	$	64,409	$	15,673	$	373,732
Special Mention	—		1,424		1,040		618		847		390		1,601		3,928		9,848
Classified:
Substandard	99		381		1,111		53		60		330		499		3,035		5,568
Nonaccrual	—		—		110		716		304		673		—		610		2,413
Doubtful	—		61		385		397		188		690		—		828		2,549
Total	$	15,567	$	78,521	$	76,751	$	54,043	$	32,788	$	45,857	$	66,509	$	24,074	$	394,110


	Origination Year														Revolving to Term
	2024		2023		2022		2021		2020		Prior		Revolving				Total
December 31, 2024
Commercial:

Pass	$	1,852,046	$	1,267,721	$	1,145,488	$	699,429	$	450,332	$	624,522	$	2,577,941	$	593,232	$	9,210,711
Special Mention	46,935		102,372		32,250		40,221		21,538		20,535		80,625		28,978		373,454
Classified:
Substandard	27,139		49,340		77,835		35,036		19,307		25,503		78,210		40,217		352,587
Nonaccrual	2,221		1,072		4,199		1,530		604		1,357		719		829		12,531
Doubtful	3,419		20,145		27,016		1,774		5,451		1,494		15,405		32,272		106,976
Total	$	1,931,760	$	1,440,650	$	1,286,788	$	777,990	$	497,232	$	673,411	$	2,752,900	$	695,528	$	10,056,259

Commercial real estate:

Pass	$	2,196,306	$	2,555,236	$	3,825,305	$	2,065,037	$	1,362,703	$	1,641,611	$	122,708	$	891,682	$	14,660,588
Special Mention	72,020		31,203		158,254		48,524		37,693		64,357		—		111,900		523,951
Classified:
Substandard	47,079		55,923		249,269		102,913		39,466		142,110		996		76,897		714,653
Nonaccrual	3,693		411		3,579		15,922		1,930		3,231		—		118		28,884
Doubtful	7,787		9,689		16,501		37,455		22,817		59,879		—		50,844		204,972
Total	$	2,326,885	$	2,652,462	$	4,252,908	$	2,269,851	$	1,464,609	$	1,911,188	$	123,704	$	1,131,441	$	16,133,048

BBCC:

Pass	$	79,760	$	78,420	$	55,687	$	33,857	$	30,215	$	22,797	$	67,668	$	16,265	$	384,669
Special Mention	1,579		1,067		807		917		21		224		3,582		3,028		11,225
Classified:
Substandard	468		976		56		136		598		308		755		2,876		6,173
Nonaccrual	—		114		312		177		63		119		—		551		1,336
Doubtful	—		397		841		350		15		845		—		888		3,336
Total	$	81,807	$	80,974	$	57,703	$	35,437	$	30,912	$	24,293	$	72,005	$	23,608	$	406,739

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)	2025		2024		2023		2022		2021		Prior		Revolving				Total
March 31, 2025
Residential real estate:
Risk Rating:
Performing	$	92,558	$	501,441	$	466,689	$	1,345,556	$	1,713,080	$	2,582,469	$	—	$	265	$	6,702,058
Nonperforming	—		965		6,254		14,514		7,173		40,730		—		—		69,636
Total	$	92,558	$	502,406	$	472,943	$	1,360,070	$	1,720,253	$	2,623,199	$	—	$	265	$	6,771,694


Indirect:
Risk Rating:
Performing	$	91,713	$	406,102	$	250,497	$	199,570	$	77,992	$	39,215	$	—	$	—	$	1,065,089
Nonperforming	30		931		1,339		1,378		1,269		500		—		—		5,447
Total	$	91,743	$	407,033	$	251,836	$	200,948	$	79,261	$	39,715	$	—	$	—	$	1,070,536


Direct:
Risk Rating:
Performing	$	15,131	$	75,388	$	62,401	$	59,040	$	53,930	$	104,687	$	132,659	$	4,594	$	507,830
Nonperforming	—		266		660		364		310		1,944		—		81		3,625
Total	$	15,131	$	75,654	$	63,061	$	59,404	$	54,240	$	106,631	$	132,659	$	4,675	$	511,455


Home equity:
Risk Rating:
Performing	$	—	$	—	$	—	$	233	$	208	$	7,994	$	1,209,284	$	35,500	$	1,253,219
Nonperforming	—		—		—		1,245		73		4,536		2,234		13,010		21,098
Total	$	—	$	—	$	—	$	1,478	$	281	$	12,530	$	1,211,518	$	48,510	$	1,274,317


	Origination Year														Revolving to Term
	2024		2023		2022		2021		2020		Prior		Revolving				Total
December 31, 2024
Residential real estate:
Risk Rating:
Performing	$	509,704	$	476,698	$	1,455,085	$	1,662,195	$	1,574,961	$	1,058,175	$	43	$	271	$	6,737,132
Nonperforming	480		5,060		11,210		6,298		5,208		32,198		—		—		60,454
Total	$	510,184	$	481,758	$	1,466,295	$	1,668,493	$	1,580,169	$	1,090,373	$	43	$	271	$	6,797,586

Indirect:
Risk Rating:
Performing	$	438,835	$	279,910	$	227,691	$	92,223	$	37,937	$	14,810	$	—	$	—	$	1,091,406
Nonperforming	714		1,147		1,498		1,378		373		262		—		—		5,372
Total	$	439,549	$	281,057	$	229,189	$	93,601	$	38,310	$	15,072	$	—	$	—	$	1,096,778

Direct:
Risk Rating:
Performing	$	83,773	$	72,838	$	66,563	$	61,317	$	34,159	$	80,188	$	108,572	$	3,327	$	510,737
Nonperforming	96		313		365		352		468		1,730		1		82		3,407
Total	$	83,869	$	73,151	$	66,928	$	61,669	$	34,627	$	81,918	$	108,573	$	3,409	$	514,144

Home equity:
Risk Rating:
Performing	$	—	$	—	$	259	$	210	$	1,135	$	11,005	$	1,216,226	$	31,787	$	1,260,622
Nonperforming	—		—		1,278		91		209		4,920		2,594		11,619		20,711
Total	$	—	$	—	$	1,537	$	301	$	1,344	$	15,925	$	1,218,820	$	43,406	$	1,281,333


























	Origination Year
	2025		2024		2023		2022		2021		Prior		Revolving		Total
Three Months Ended March 31, 2025
Commercial	$	—	$	422	$	4,119	$	4,086	$	6	$	678	$	—		$	9,311
Commercial real estate	—		—		303		751		7,996		2,610		—			11,660
BBCC	—		—		—		—		4		—		—			4
Residential real estate	—		—		—		—		—		30		—			30
Indirect	—		699		677		387		100		71		—			1,934
Direct	43		130		110		443		538		337		—			1,601
Home equity	—		—		—		—		—		—		—			—
Total gross charge-offs	$	43	$	1,251	$	5,209	$	5,667	$	8,644	$	3,726	$	—		$	24,540

	Origination Year
	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

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, 2025
Commercial	$	21,038	$	2,945	$	56,455	$	80,438	$	10,350,028	$	10,430,466
Commercial real estate	22,945		1,977		61,985		86,907		15,874,459		15,961,366
BBCC	987		707		1,961		3,655		390,455		394,110
Residential	31,566		6,104		22,848		60,518		6,711,176		6,771,694
Indirect	7,307		1,807		1,281		10,395		1,060,141		1,070,536
Direct	1,264		1,019		1,629		3,912		507,543		511,455
Home equity	5,576		1,387		6,326		13,289		1,261,028		1,274,317
Total	$	90,683	$	15,946	$	152,485	$	259,114	$	36,154,830	$	36,413,944

December 31, 2024
Commercial	$	5,970	$	12,021	$	47,257	$	65,248	$	9,991,011	$	10,056,259
Commercial real estate	19,240		12,728		60,145		92,113		16,040,935		16,133,048
BBCC	1,227		861		1,430		3,518		403,221		406,739
Residential	49,331		12,085		26,698		88,114		6,709,472		6,797,586
Indirect	9,700		2,675		1,463		13,838		1,082,940		1,096,778
Direct	2,004		970		1,470		4,444		509,700		514,144
Home equity	4,765		3,399		7,567		15,731		1,265,602		1,281,333
Total	$	92,237	$	44,739	$	146,030	$	283,006	$	36,002,881	$	36,285,887


	March 31, 2025						December 31, 2024
(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	$	137,130	$	37,783	$	2,757	$	119,507	$	30,551	$	861
Commercial real estate	227,313		72,612		3,592		233,856		64,453		3,126
BBCC	4,962		—		—		4,672		—		—
Residential	69,636		—		—		60,454		—		—
Indirect	5,447		—		95		5,372		—		—
Direct	3,625		—		313		3,407		—		—
Home equity	21,098		—		—		20,711		—		73
Total	$	469,211	$	110,395	$	6,757	$	447,979	$	95,004	$	4,060

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, 2025
Commercial	$	19,024	$	85,549	$	8,062	$	6,322	$	4,055
Commercial real estate	221,604		1,508		1,015		—		126
BBCC	3,263		839		338		232		—
Residential	69,636		—		—		—		—
Indirect	—		—		—		5,447		—
Direct	2,894		27		4		356		22
Home equity	21,098		—		—		—		—
Total loans	$	337,519	$	87,923	$	9,419	$	12,357	$	4,203

December 31, 2024
Commercial	$	17,520	$	68,985	$	6,980	$	6,544	$	5,215
Commercial real estate	228,952		542		1,046		—		—
BBCC	3,201		1,137		86		248		—
Residential	60,454		—		—		—		—
Indirect	—		—		—		5,372		—
Direct	2,623		16		23		396		34
Home equity	20,711		—		—		—		—
Total loans	$	333,461	$	70,680	$	8,135	$	12,560	$	5,249

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 forgiven 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, 2025
Commercial	$	4,607	$	—	$	4,701	$	9,308	$	53,806	$	63,114
Commercial real estate	5,612		—		1,730		7,342		154,164		161,506





Total	$	10,219	$	—	$	6,431	$	16,650	$	207,970	$	224,620

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

There were payment defaults on $2.6 million of loans during the three months ended March 31, 2025 to borrowers whose loans were modified due to financial difficulties within the previous twelve months. The payment defaults did not materially impact the allowance for credit losses on loans. There were no payment defaults during the three months ended March 31, 2024 on loans that had been modified within the previous twelve months.