Parent Company Financial Statements

12 Months Ended

Dec. 31, 2012

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Parent Company Financial Statements

NOTE 22 - PARENT COMPANY FINANCIAL STATEMENTS

The following are the condensed parent company only financial statements of Old National Bancorp:

OLD NATIONAL BANCORP (PARENT COMPANY ONLY) CONDENSED BALANCE SHEETS

		December 31,
(dollars in thousands)		2012		2011
Assets
Deposits in affiliate bank	$	39,262	$	35,576
Trading securities - at fair value		3,097		2,816
Investment securities - available for sale		1,826		1,204
Investment in affiliates:
Banking subsidiaries		1,073,721		915,041
Non-banks		43,067		43,314
Other assets		85,540		86,861
Total assets	$	1,246,513	$	1,084,812
Liabilities and Shareholders' Equity
Other liabilities	$	27,287	$	25,258
Other borrowings		24,661		25,998
Shareholders' equity		1,194,565		1,033,556
Total liabilities and shareholders' equity	$	1,246,513	$	1,084,812

OLD NATIONAL BANCORP (PARENT COMPANY ONLY) CONDENSED STATEMENTS OF INCOME

		Years Ended December 31,
(dollars in thousands)		2012			2011			2010
Income
Dividends from affiliates	$	53,042		$	19,670		$	27,744
Net securities gains		165			20			0
Other income		1,710			1,372			1,020
Other income (loss) from affiliates		153			(1	)		435
Total income		55,070			21,061			29,199
Expense
Interest on borrowings		786			1,270			9,165
Other expenses		14,270			9,572			11,672
Total expense		15,056			10,842			20,837
Income before income taxes and equity
in undistributed earnings of affiliates		40,014			10,219			8,362
Income tax benefit		(5,909	)		(3,819	)		(7,833	)
Income before equity in undistributed
earnings of affiliates		45,923			14,038			16,195
Equity in undistributed earnings of affiliates		45,752			58,422			22,019
Net Income	$	91,675		$	72,460		$	38,214

OLD NATIONAL BANCORP (PARENT COMPANY ONLY) CONDENSED STATEMENT OF CASH FLOWS

		Years Ended December 31,
(dollars in thousands)		2012			2011			2010
Cash Flows From Operating Activities
Net income	$	91,675		$	72,460		$	38,214
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation		15			31			49
Net securities (gains) losses		(134	)		(20	)		0
Stock compensation expense		3,317			3,436			2,369
(Increase) decrease in other assets		9,056			(4,927	)		13,064
(Decrease) increase in other liabilities		(496	)		3,628			(3,414	)
Equity in undistributed earnings of affiliates		(45,752	)		(58,422	)		(22,019	)
Total adjustments		(33,994	)		(56,274	)		(9,951	)
Net cash flows provided by operating activities		57,681			16,186			28,263
Cash Flows From Investing Activities
Cash and cash equivalents of acquisitions		1			447			0
Transfer subsidiary from parent to bank subsidairy		0			0			791
Purchases of investment securities		(147	)		0			(500	)
Proceeds from sales of investment securities available-for-sale		0			1,081			0
Net payments from (advances to) affiliates		0			18,886			150,852
Purchases of premises and equipment		(173	)		0			(7	)
Net cash flows provided by (used in) investing activities		(319	)		20,414			151,136
Cash Flows From Financing Activities
Payments related to retirement of debt		(16,000	)		0			(150,000	)
Cash dividends paid on common stock		(34,657	)		(26,513	)		(24,361	)
Common stock repurchased		(3,990	)		(1,526	)		(705	)
Common stock reissued under stock option, restricted stock
and stock purchase plans		717			140			12
Common stock issued		254			222			197
Net cash flows provided by (used in) financing activities		(53,676	)		(27,677	)		(174,857	)
Net increase (decrease) in cash and cash equivalents		3,686			8,923			4,542
Cash and cash equivalents at beginning of period		35,576			26,653			22,111
Cash and cash equivalents at end of period	$	39,262		$	35,576		$	26,653