Regulatory Restrictions (Tables)

12 Months Ended

Dec. 31, 2019

The following table summarizes capital ratios for Old National and Old National Bank as of December 31:

						Fully Phased-In						Prompt Corrective Action
						Regulatory						"Well Capitalized"
	Actual					Guidelines Minimum (1)						Guidelines
(dollars in thousands)	Amount		Ratio			Amount		Ratio			Amount			Ratio
2019
Total capital to risk-weighted assets
Old National Bancorp	$	1,828,312		12.99	%	$	1,477,763		10.50	%	$	N/A		N/A		%
Old National Bank		1,891,612		13.50			1,471,122		10.50				1,401,069		10.00
Common equity Tier 1 capital to risk-weighted assets
Old National Bancorp		1,706,727		12.13			985,175		7.00			N/A		N/A
Old National Bank		1,822,337		13.01			980,748		7.00				910,695		6.50
Tier 1 capital to risk-weighted assets
Old National Bancorp		1,706,727		12.13			1,196,284		8.50			N/A		N/A
Old National Bank		1,822,737		13.01			1,190,909		8.50				1,120,855		8.00
Tier 1 capital to average assets
Old National Bancorp		1,706,727		8.88			768,537		4.00			N/A		N/A
Old National Bank		1,822,737		9.62			757,783		4.00				947,228		5.00
2018
Total capital to risk-weighted assets
Old National Bancorp	$	1,748,231		12.27	%	$	1,496,099		10.50	%	$	N/A		N/A		%
Old National Bank		1,769,930		12.47			1,489,938		10.50				1,418,989		10.00
Common equity Tier 1 capital to risk-weighted assets
Old National Bancorp		1,617,936		11.36			997,399		7.00			N/A		N/A
Old National Bank		1,699,945		11.98			993,292		7.00				922,343		6.50
Tier 1 capital to risk-weighted assets
Old National Bancorp		1,617,936		11.36			1,211,128		8.50			N/A		N/A
Old National Bank		1,699,945		11.98			1,206,141		8.50				1,135,191		8.00
Tier 1 capital to average assets
Old National Bancorp		1,617,936		9.17			705,681		4.00			N/A		N/A
Old National Bank		1,699,945		9.58			709,929		4.00				887,412		5.00

(1)

As of January 1, 2019, Basel III Capital Rules required banking organizations to maintain: a minimum ratio of common equity Tier 1 to risk-weighted assets of at least 4.5%, plus a 2.5% “capital conservation buffer”; a minimum ratio of Tier 1 capital to risk-weighted assets of at least 6.0%, plus the 2.5% capital conservation buffer; a minimum ratio of total capital to risk-weighted assets of at least 8.0%, plus the 2.5% capital conservation buffer; and a minimum ratio of Tier 1 capital to adjusted average consolidated assets of at least 4.0%.

In December 2018, the OCC, the Board of Governors of the Federal Reserve System, and the FDIC approved a final rule to address changes to credit loss accounting under GAAP, including banking organizations’ implementation of CECL. The final rule provides banking organizations the option to phase in over a three-year period the day-one adverse effects on regulatory capital that may result from the adoption of the new accounting standard. Old National is planning on adopting the capital transition relief over the permissible three-year period.