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Other Borrowings (Tables)
 9 Months Ended
Sep. 30, 2025
Other Liabilities Disclosure [Abstract]  
Summary of Other Borrowings
The following table summarizes Old National’s other borrowings:
(dollars in thousands)September 30,
2025		December 31,
2024
Old National Bancorp:  
Subordinated debentures (fixed rate 5.88%) maturing September 2026
$150,000 $150,000 
Subordinated debentures redeemed in September 2025
— 30,000 
Junior subordinated debentures (rates of 5.70% to 8.15%) maturing
   July 2031 to September 2037
198,499 136,643 
Other basis adjustments9,181 13,049 
Old National Bank:
Finance lease liabilities25,410 24,822 
Subordinated debentures (3-month Secured Overnight Financing
   Rate (“SOFR”) plus 4.618%; variable rate 8.93%) maturing October 2025
12,000 12,000 
Leveraged loans for NMTC (fixed rates of 1.00% to 7.25%)
   maturing December 2027 to June 2060
407,209 210,251 
Other (1)
23,126 112,853 
Total other borrowings$825,425 $689,618 
(1)Includes overnight borrowings to collateralize certain derivative positions totaling $23.1 million at September 30, 2025 and $112.8 million at December 31, 2024.
The following table summarizes the terms of our outstanding junior subordinated debentures at September 30, 2025:
(dollars in thousands)   
Rate at
September 30,
2025
 
Name of TrustIssuance DateIssuance
Amount		RateMaturity Date
Bridgeview Statutory Trust IJuly 2001$15,464 
3-month SOFR plus 3.58%
8.15%July 31, 2031
Bridgeview Capital Trust IIDecember 200215,464 
3-month SOFR plus 3.35%
7.93%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%
6.03%March 17, 2035
Northern States Statutory Trust ISeptember 200510,310 
3-month SOFR plus 1.80%
6.10%September 15, 2035
Anchor Capital Trust IIIAugust 20055,000 
3-month SOFR plus 1.55%
5.81%September 30, 2035
Great Lakes Statutory Trust IIDecember 20056,186 
3-month SOFR plus 1.40%
5.70%December 15, 2035
Bremer Statutory Trust IIJune 200661,856 
3-month SOFR plus 1.60%
6.03%June 1, 2036
Home Federal Statutory
   Trust I		September 200615,464 
3-month SOFR plus 1.65%
5.95%September 15, 2036
Monroe Bancorp Capital
   Trust I		July 20063,093 
3-month SOFR plus 1.60%
6.18%October 7, 2036
Tower Capital Trust 3December 20069,279 
3-month SOFR plus 1.69%
6.12%March 1, 2037
Monroe Bancorp Statutory
   Trust II		March 20075,155 
3-month SOFR plus 1.60%
5.90%June 15, 2037
Great Lakes Statutory Trust IIIJune 20078,248 
3-month SOFR plus 1.70%
6.00%September 15, 2037
Total$198,499 
The following table summarizes Old National Bank’s unfunded loan commitments and standby letters of credit:
(dollars in thousands)September 30,
2025		December 31,
2024
Unfunded loan commitments (1)
$11,741,820 $8,533,433 
Standby letters of credit (2)
266,892 194,323 
(1)Excludes cancellable loan commitments of $2.9 billion at September 30, 2025 and $2.5 billion at December 31, 2024.
(2)Notional amount, which represents the maximum amount of future funding requirements. The carrying value was $1.6 million at September 30, 2025 and $1.7 million at December 31, 2024.
Summary of Contractual Maturities of Other Borrowings
Contractual maturities of other borrowings at September 30, 2025 were as follows:
(dollars in thousands) 
Due in 2025$37,346 
Due in 2026157,934 
Due in 202718,783 
Due in 20281,846 
Due in 20291,059 
Thereafter599,269 
Unamortized debt issuance costs and other basis adjustments9,188 
Total$825,425