Investment Securities (Tables)

12 Months Ended

Dec. 31, 2011

Investment Securities [Abstract]

Amortized Cost And Fair Value Of Available-For-Sale And Held-To-Maturity Investment Securities Portfolio

	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
(dollars in thousands)
2011
Available-for-Sale
U.S. Treasury	$	65,221	$	548	$	0		$	65,769
U.S. Government-sponsored entities and agencies		171,629		1,621		(65	)		173,185
Mortgage-backed securities - Agency		1,153,629		28,687		(61	)		1,182,255
Mortgage-backed securities - Non-agency		90,355		418		(4,873	)		85,900
States and political subdivisions		376,609		26,428		(193	)		402,844
Pooled trust prefered securities		25,461		0		(18,134	)		7,327
Other securities		147,897		8,365		(2,266	)		153,996
Total available-for-sale securities	$	2,030,801	$	66,067	$	(25,592	)	$	2,071,276
Held-to-Maturity
U.S. Government-sponsored entities and agencies	$	177,159	$	11,434	$	0		$	188,593
Mortgage-backed securities - Agency		84,075		3,305		0			87,380
States and political subdivisions		216,345		8,548		(176	)		224,717
Other securities		7,011		0		(2	)		7,009
Total held-to-maturity securities	$	484,590	$	23,287	$	(178	)	$	507,699
2010
Available-for-Sale
U.S. Treasury	$	62,206	$	371	$	(27	)	$	62,550
U.S. Government-sponsored entities and agencies		315,922		1,612		(2,401	)		315,133
Mortgage-backed securities - Agency		922,005		22,926		(485	)		944,446
Mortgage-backed securities - Non-agency		134,168		1,018		(8,380	)		126,806
States and political subdivisions		343,970		7,503		(2,549	)		348,924
Pooled trust preferred securities		27,368		0		(18,968	)		8,400
Other securities		148,203		7,816		(2,056	)		153,963
Total available-for-sale securities	$	1,953,842	$	41,246	$	(34,866	)	$	1,960,222
Held-to-Maturity
U.S. Government-sponsored entities and agencies	$	303,265	$	2,247	$	(3,703	)	$	301,809
Mortgage-backed securities - Agency		117,013		2,577		(510	)		119,080
States and political subdivisions		217,381		1		(13,003	)		204,379
Other securities		551		0		(176	)		375
Total held-to-maturity securities	$	638,210	$	4,825	$	(17,392	)	$	625,643

Expected Maturities Of Investment Securities Portfolio

	2011				Weighted Average Yield			2010			Weighted Average Yield
(dollars in thousands)	Amortized Cost		Fair Value				Amortized Cost		Fair Value
Maturity
Available-for-sale
Within one year	$	79,212	$	79,668	1.61	%	$	70,326	$	70,865	3.24	%
One to five years		123,174		127,761	3.38			828,636		850,288	3.51
Five to ten years		240,215		252,434	3.86			441,900		444,474	3.97
Beyond ten years		1,588,200		1,611,413	3.32			612,980		594,595	4.97
Total	$	2,030,801	$	2,071,276	3.32	%	$	1,953,842	$	1,960,222	4.06	%
Held-to-maturity
Within one year	$	4,075	$	4,073	1.48	%	$	71	$	56	2.67	%
One to five years		4,819		4,861	2.60			117,833		119,724	3.65
Five to ten years		151,395		158,366	2.97			12,248		11,785	3.91
Beyond ten years		324,301		340,399	4.47			508,058		494,078	3.88
Total	$	484,590	$	507,699	3.96	%	$	638,210	$	625,643	3.84	%

Investment Securities With Unrealized Losses By Aggregated Major Security Type And Length Of Time In A Continuous Unrealized Loss Position

	Less than 12 months					12 months or longer					Total
	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
(dollars in thousands)
2011
Available-for-Sale
U.S. Government-sponsored entities and agencies	$	24,935	$	(65	)	$	0	$	0		$	24,935	$	(65	)
Mortgage-backed securities - Agency		49,016		(61	)		3		0			49,019		(61	)
Mortgage-backed securities - Non-agency		10,053		(353	)		59,203		(4,520	)		69,256		(4,873	)
States and political subdivisions		9,281		(114	)		1,345		(79	)		10,626		(193	)
Pooled trust preferrred securities		0		0			7,327		(18,134	)		7,327		(18,134	)
Other securities		4,516		(141	)		6,218		(2,125	)		10,734		(2,266	)
Total available-for-sale	$	97,801	$	(734	)	$	74,096	$	(24,858	)	$	171,897	$	(25,592	)
Held-to-Maturity
States and political subdivisions	$	1,613	$	(1	)	$	13,180	$	(175	)	$	14,793	$	(176	)
Other securities		22		(2	)		0		0			22		(2	)
Total held-to-maturity	$	1,635	$	(3	)	$	13,180	$	(175	)	$	14,815	$	(178	)
2010
Available-for-Sale
U.S. Treasury	$	10,944	$	(27	)	$	0	$	0		$	10,944	$	(27	)
U.S. Government-sponsored entities and agencies		120,404		(2,401	)		0		0			120,404		(2,401	)
Mortgage-backed securities - Agency		160,784		(485	)		483		0			161,267		(485	)
Mortgage-backed securities - Non-agency		13,265		(1,696	)		79,327		(6,684	)		92,592		(8,380	)
States and political subdivisions		94,448		(2,549	)		0		0			94,448		(2,549	)
Pooled trust preferrred securities		0		0			8,400		(18,968	)		8,400		(18,968	)
Other securities		12,283		(206	)		6,204		(1,850	)		18,487		(2,056	)
Total available-for-sale	$	412,128	$	(7,364	)	$	94,414	$	(27,502	)	$	506,542	$	(34,866	)
Held-to-Maturity
U.S. Government-sponsored entities and agencies	$	111,975	$	(3,703	)	$	0	$	0		$	111,975	$	(3,703	)
Mortgage-backed securities - Agency		67,837		(510	)		0		0			67,837		(510	)
States and political subdivisions		203,093		(13,003	)		0		0			203,093		(13,003	)
Other securities		0		0			375		(176	)		375		(176	)
Total held-to-maturity	$	382,905	$	(17,216	)	$	375	$	(176	)	$	383,280	$	(17,392	)

Pooled Trust Preferred Securities

Old National Bancorp
Trust preferred securities		Lowest Credit Rating (1)	Amortized Cost		Fair Value		Unrealized Gain/ (Loss)			Realized Losses 2011		# of Issuers Currently Performing/ Remaining	Actual Deferrals and Defaults as a Percent of Original Collateral		Expected Defaults as a % of Remaining Performing Collateral		Excess Subordination as a % of Current Performing Collateral
December 31, 2011
(Dollars in Thousands)
	Class
Pooled trust preferred securities:
TROPC 2003-1A	A4L	C	$	86	$	9	$	(77	)	$	888	17/38	41.7	%	22.6	%	0.0	%
MM Community Funding IX	B-2	D		2,067		841		(1,226	)		0	16/31	41.1	%	8.8	%	0.0	%
Reg Div Funding 2004	B-2	D		4,177		695		(3,482	)		0	24/45	46.0	%	7.2	%	0.0	%
Pretsl XII	B-1	C		2,886		1,571		(1,315	)		0	49/76	30.1	%	7.9	%	0.0	%
Pretsl XV	B-1	C		1,695		1,049		(646	)		0	50/72	31.3	%	9.0	%	0.0	%
Reg Div Funding 2005	B-1	C		311		69		(242	)		0	23/49	49.3	%	18.4	%	0.0	%
Pretsl XXVII LTD	B	C		4,849		1,130		(3,719	)		0	33/49	28.1	%	24.4	%	28.6	%
Trapeza Ser 13A	A2A	CCC-		9,390		1,963		(7,427	)		0	35/55	29.2	%	21.3	%	40.9	%
				25,461		7,327		(18,134	)		888
Single Issuer trust preferred securities:
First Empire Cap (M&T)		BBB		956		994		38			0
First Empire Cap (M&T)		BBB		2,905		2,982		77			0
Fleet Cap Tr V (BOA)		BB+		3,359		2,539		(820	)		0
JP Morgan Chase Cap XIII		BBB		4,713		3,426		(1,287	)		0
				11,933		9,941		(1,992	)		0
Total			$	37,394	$	17,268	$	(20,126	)	$	888

Securities With Other-Than-Temporary Impairment, Cumulative Other-Than-Temporary Impairment

					Amount of other-than-temporary impairment recognized in earnings
		Lowest Credit Rating (1)	Amortized Cost
					Twelve Months ended December 31,						Life -to date
Vintage					2011		2010		2009
Non-agency mortgage-backed securities:
BAFC Ser 4	2007	CCC	$	14,026	$	0	$	79	$	63	$	142
CWALT Ser 73CB	2005	CC		3,370		0		207		83		290
CWALT Ser 73CB	2005	CC		4,477		0		427		182		609
CWHL 2006-10 (3)	2006					0		309		762		1,071
CWHL 2005-20	2005	CC		4,191		0		39		72		111
FHASI Ser 4	2007	C		18,933		340		629		223		1,192
HALO Ser 1R	2006	B		15,640		16		0		0		16
RFMSI Ser S9 (2)	2006					0		923		1,880		2,803
RFMSI Ser S10	2006	D		3,971		165		76		249		490
RALI QS2 (2)	2006					0		278		739		1,017
RFMSI S1	2006	CC		2,299		0		30		176		206
				66,907		521		2,997		4,429		7,947
Pooled trust preferred securities:
TROPC	2003	C		87		888		444		3,517		4,849
MM Community Funding IX	2003	D		2,067		0		165		2,612		2,777
Reg Div Funding	2004	D		4,177		0		321		5,199		5,520
Pretsl XII	2003	C		2,886		0		0		1,897		1,897
Pretsl XV	2004	C		1,695		0		0		3,374		3,374
Reg Div Funding	2005	C		311		0		0		3,767		3,767
				11,223		888		930		20,366		22,184
Total other-than-temporary- impairment recognized in earnings					$	1,409	$	3,927	$	24,795	$	30,131

(1) Lowest rating for the security provided by any nationally recognized credit rating agency.

(2) Sold during fourth quarter 2010.

(3) Sold during first quarter 2011.