Parent Company Financial Statements (Tables)

12 Months Ended

Dec. 31, 2019

Condensed Financial Information Of Parent Company Only Disclosure [Abstract]

Condensed Balance Sheets

OLD NATIONAL BANCORP (PARENT COMPANY ONLY)

CONDENSED BALANCE SHEETS

	December 31,
(dollars in thousands)	2019		2018
Assets
Deposits in affiliate bank	$	41,289	$	90,005
Equity securities		6,724		5,582
Investment securities - available-for-sale		4,018		1,527
Investment in affiliates:
Banking subsidiaries		2,966,575		2,769,166
Non-banks		4,885		5,151
Other assets		89,093		87,096
Total assets	$	3,112,584	$	2,958,527
Liabilities and Shareholders' Equity
Other liabilities	$	36,369	$	37,563
Other borrowings		223,762		231,394
Shareholders' equity		2,852,453		2,689,570
Total liabilities and shareholders' equity	$	3,112,584	$	2,958,527

Condensed Statements of Income

OLD NATIONAL BANCORP (PARENT COMPANY ONLY)

CONDENSED STATEMENTS OF INCOME

	Years Ended December 31,
(dollars in thousands)	2019			2018			2017
Income
Dividends from affiliates	$	165,000		$	105,000		$	100,000
Net debt securities gains (losses)		631			49			667
Other income		2,209			2,126			1,966
Other income from affiliates		5			5			5
Total income		167,845			107,180			102,638
Expense
Interest on borrowings		10,203			10,425			9,298
Other expenses		15,505			21,936			16,335
Total expense		25,708			32,361			25,633
Income before income taxes and equity    in undistributed earnings of affiliates		142,137			74,819			77,005
Income tax expense (benefit)		(6,165	)		(5,693	)		(6,240	)
Income before equity in undistributed    earnings of affiliates		148,302			80,512			83,245
Equity in undistributed earnings of affiliates		89,904			110,318			12,480
Net income	$	238,206		$	190,830		$	95,725

Condensed Statement of Cash Flows

OLD NATIONAL BANCORP (PARENT COMPANY ONLY)

CONDENSED STATEMENT OF CASH FLOWS

	Years Ended December 31,
(dollars in thousands)	2019			2018			2017
Cash Flows From Operating Activities
Net income	$	238,206		$	190,830		$	95,725
Adjustments to reconcile net income to cash    provided by operating activities:
Depreciation		52			53			36
Net debt securities (gains) losses		(631	)		(49	)		(667	)
Share-based compensation expense		7,993			8,118			6,275
(Increase) decrease in other assets		(3,685	)		28,754			(24,005	)
Increase (decrease) in other liabilities		1,046			3,147			3,968
Equity in undistributed earnings of affiliates		(89,904	)		(110,318	)		(12,480	)
Net cash flows provided by (used in) operating activities		153,077			120,535			68,852
Cash Flows From Investing Activities
Net cash and cash equivalents of acquisitions		—			8,281			(24,005	)
Proceeds from dissolution of subsidiary		224			—			—
Proceeds from sales of equity securities		130			128			127
Purchases of investment securities		(3,085	)		(76	)		(62	)
Net advances to affiliates		—			—			(250	)
Proceeds from sales of premises and equipment		847			1,065			—
Purchases of premises and equipment		(869	)		(945	)		(612	)
Net cash flows provided by (used in) investing activities		(2,753	)		8,453			(24,802	)
Cash Flows From Financing Activities
Payments for maturities/redemptions of other borrowings		(8,000	)		—			(19,856	)
Cash dividends paid on common stock		(89,474	)		(82,161	)		(72,604	)
Common stock repurchased		(102,413	)		(1,805	)		(2,761	)
Proceeds from exercise of stock options		280			948			2,655
Common stock issued		567			497			404
Net cash flows provided by (used in) financing activities		(199,040	)		(82,521	)		(92,162	)
Net increase (decrease) in cash and cash equivalents		(48,716	)		46,467			(48,112	)
Cash and cash equivalents at beginning of period		90,005			43,538			91,650
Cash and cash equivalents at end of period	$	41,289		$	90,005		$	43,538