| Schedule of Other Borrowings |
The following table summarizes Old National’s other borrowings: | | | | | | | | | | | | | (dollars in thousands) | September 30,
2026 | | December 31,
2025 | | Old National Bancorp: | | | | Subordinated debentures (fixed rate of 5.77%) maturing February 2036 | $ | 450,000 | | | $ | 150,000 | | | Unamortized debt issuance costs related to subordinated debentures | (4,205) | | | — | | Junior subordinated debentures (rates of 5.56% to 7.66%) maturing July 2031 to September 2037 | 198,499 | | | 198,499 | | | Other basis adjustments | 4,023 | | | 7,891 | | | Old National Bank: | | | | | Finance lease liabilities | 18,173 | | | 25,798 | | Leveraged loans for NMTC (fixed rates of 1.00% to 7.25%) maturing December 2027 to June 2061 | 506,829 | | | 459,452 | | Other (1) | 235,119 | | | 10,789 | | | Total other borrowings | $ | 1,408,438 | | | $ | 852,429 | |
(1)Includes overnight borrowings to collateralize certain derivative positions totaling $235.1 million at September 30, 2026 and $10.8 million at December 31, 2025. The following table summarizes the terms of our outstanding junior subordinated debentures at September 30, 2026: | | | | | | | | | | | | | | | | | | | | | | | | | | | | (dollars in thousands) | | | | | | Rate at September 30,
2026 | | | | Name of Trust | Issuance Date | | Issuance
Amount | | Rate | | Maturity Date | | Bridgeview Statutory Trust I | July 2001 | | $ | 15,464 | | | 3-month SOFR plus 3.58% | 7.66% | | July 31, 2031 | | Bridgeview Capital Trust II | December 2002 | | 15,464 | | | 3-month SOFR plus 3.35% | 7.36% | | January 7, 2033 | | First Midwest Capital Trust I | November 2003 | | 37,825 | | | 6.95% fixed | 6.95% | | December 1, 2033 | | St. Joseph Capital Trust II | March 2005 | | 5,155 | | | 3-month SOFR plus 1.75% | 5.99% | | March 17, 2035 | | Northern States Statutory Trust I | September 2005 | | 10,310 | | | 3-month SOFR plus 1.80% | 5.96% | | September 15, 2035 | | Anchor Capital Trust III | August 2005 | | 5,000 | | | 3-month SOFR plus 1.55% | 5.89% | | September 30, 2035 | | Great Lakes Statutory Trust II | December 2005 | | 6,186 | | | 3-month SOFR plus 1.40% | 5.56% | | December 15, 2035 | | Bremer Statutory Trust II | June 2006 | | 61,856 | | | 3-month SOFR plus 1.60% | 5.62% | | June 1, 2036 | Home Federal Statutory
Trust I | September 2006 | | 15,464 | | | 3-month SOFR plus 1.65% | 5.81% | | September 15, 2036 | Monroe Bancorp Capital
Trust I | July 2006 | | 3,093 | | | 3-month SOFR plus 1.60% | 5.61% | | October 7, 2036 | | Tower Capital Trust 3 | December 2006 | | 9,279 | | | 3-month SOFR plus 1.69% | 5.71% | | March 1, 2037 | Monroe Bancorp Statutory
Trust II | March 2007 | | 5,155 | | | 3-month SOFR plus 1.60% | 5.76% | | June 15, 2037 | | Great Lakes Statutory Trust III | June 2007 | | 8,248 | | | 3-month SOFR plus 1.70% | 5.86% | | 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,
2026 | | December 31,
2025 | Unfunded loan commitments (1) | $ | 11,641,397 | | | $ | 12,145,320 | | Standby letters of credit (2) | 276,529 | | | 199,638 | |
(1)Excludes cancellable loan commitments of $2.8 billion at both September 30, 2026 and December 31, 2025. (2)Notional amount, which represents the maximum amount of future funding requirements. The carrying value was $2.1 million at September 30, 2026 and $1.7 million at December 31, 2025.
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