XML 26 R15.htm IDEA: XBRL DOCUMENT v3.7.0.1
Loans Held for Sale
6 Months Ended
Jun. 30, 2017
Debt Disclosure [Abstract]  
Loans Held for Sale

NOTE 7 – LOANS HELD FOR SALE

Mortgage loans held for immediate sale in the secondary market were $27.4 million at June 30, 2017, compared to $90.7 million at December 31, 2016. Residential loans that Old National has originated with the intent to sell are recorded at fair value in accordance with FASB ASC 825-10,Financial Instruments. Beginning with the inception of an in-house servicing unit in the third quarter of 2014, conventional mortgage production is sold on a servicing retained basis. Certain loans, such as government guaranteed mortgage loans are sold on servicing released basis.