Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Balance Sheet

OLD NATIONAL BANCORP (PARENT COMPANY ONLY) CONDENSED BALANCE SHEETS
	December 31,
(dollars in thousands)	2015		2014
Assets
Deposits in affiliate bank	$	48,000	$	168,467
Trading securities - at fair value		3,941		3,881
Investment securities - available-for-sale		1,452		1,338
Investment in affiliates:
Banking subsidiaries		1,551,924		1,398,835
Non-banks		49,083		49,284
Other assets		84,598		89,564
Total assets	$	1,738,998	$	1,711,369
Liabilities and Shareholders’ Equity
Other liabilities	$	33,608	$	31,989
Other borrowings		214,220		213,616
Shareholders’ equity		1,491,170		1,465,764
Total liabilities and shareholders’ equity	$	1,738,998	$	1,711,369

Statement of Income

OLD NATIONAL BANCORP (PARENT COMPANY ONLY) CONDENSED STATEMENTS OF INCOME
	Years Ended December 31,
(dollars in thousands)	2015			2014			2013
Income
Dividends from affiliates	$	67,717		$	65,292		$	116,073
Net securities gains		6			170			416
Other income		1,892			1,554			1,864
Other income from affiliates		51			79			138
Total income		69,666			67,095			118,491
Expense
Interest on borrowings		8,684			3,837			624
Other expenses		13,957			11,357			11,228
Total expense		22,641			15,194			11,852
Income before income taxes and equity in undistributed earnings of affiliates		47,025			51,901			106,639
Income tax benefit		(5,473	)		(4,020	)		(4,044	)
Income before equity in undistributed earnings of affiliates		52,498			55,921			110,683
Equity in undistributed earnings of affiliates		64,218			47,746			(9,763	)
Net income	$	116,716		$	103,667		$	100,920

Statement of Cash Flows

OLD NATIONAL BANCORP (PARENT COMPANY ONLY) CONDENSED STATEMENT OF CASH FLOWS
	Years Ended December 31,
(dollars in thousands)	2015			2014			2013
Cash Flows From Operating Activities
Net income	$	116,716		$	103,667		$	100,920
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation		20			11			8
Net securities gains		(6	)		(270	)		(416	)
Stock compensation expense		4,255			4,162			3,958
(Increase) decrease in other assets		6,307			20,040			(17,972	)
Increase in other liabilities		1,441			286			3,095
Equity in undistributed earnings of affiliates		(64,218	)		(47,746	)		9,763
Total adjustments		(52,201	)		(23,517	)		(1,564	)
Net cash flows provided by operating activities		64,515			80,150			99,356
Cash Flows From Investing Activities
Net cash and cash equivalents of acquisitions		(41,070	)		(82,975	)		—
Purchases of investment securities		(1,053	)		(45	)		(53	)
Net advances to affiliates		—			(3,832	)		—
Purchases of premises and equipment		—			(1,032	)		(60	)
Net cash flows used in investing activities		(42,123	)		(87,884	)		(113	)
Cash Flows From Financing Activities
Proceeds from issuance of other borrowings		—			173,500			—
Cash dividends paid on common stock		(55,552	)		(48,181	)		(40,278	)
Common stock repurchased		(88,695	)		(25,830	)		(24,292	)
Proceeds from exercise of stock options, including tax benefit		997			749			1,412
Common stock issued		391			326			290
Net cash flows provided by (used in) financing activities		(142,859	)		100,564			(62,868	)
Net increase (decrease) in cash and cash equivalents		(120,467	)		92,830			36,375
Cash and cash equivalents at beginning of period		168,467			75,637			39,262
Cash and cash equivalents at end of period	$	48,000		$	168,467		$	75,637