Covered Loans (Tables)

12 Months Ended

Dec. 31, 2011

Composition Of Covered Loans By Lending Classification


	At December 31, 2011
	Loans Accounted for Under ASC 310-30 (Purchased Credit Impaired)			Loans excluded from ASC 310-30 (1) (Not Purchased Credit Impaired)		Total Covered Purchased Loans


(dollars in thousands)
Commercial	$	65,688		$	59,067	$	124,755
Commercial real estate		304,220			21,714		325,934
Residential		46,868			103		46,971
Consumer		40,012			88,688		128,700
Covered loans		456,788			169,572		626,360
Allowance for loan losses		(943	)		0		(943	)
Covered loans, net	$	455,845		$	169,572	$	625,417

(1) Includes loans with revolving privileges which are scoped out of FASB ASC Topic 310-30 and certain loans which Old National elected to treat under the cost recovery method of accounting.

Schedule Of Accretable Yield Or Income Expected To Be Collected


(dollars in thousands)
Balance at January 1, 2011	$	0
New loans purchased		92,123
Accretion of income		(19,428	)
Reclassifications from (to) nonaccretable difference		19,051
Disposals/other adjustments		307
Balance at December 31, 2011	$	92,053

Summary Of Indemnification Asset And Loss Share Receivable


(dollars in thousands)
Indemnification Asset
Balance at January 1, 2011	$	-
Adjustments not reflected in income
Established through acquisitions		167,949
Reclass to loss claims receivable		(20,808	)
Other		(1	)
Adjustments reflected in income
(Amortization) accretion		1,459
Other		(1,033	)
Balance at December 31, 2011	$	147,566

(dollars in thousands)
Loss Share Receivable
Balance at January 1, 2011	$	-
Established through acquisitions		-
Reclass from indemnification asset		20,808
Cash received from FDIC		(660	)
Balance at December 31, 2011	$	20,148