Short-Term Borrowings

12 Months Ended

Dec. 31, 2012

Short-Term Borrowings [Abstract]

Short-Term Borrowings

NOTE 10 – SHORT-TERM BORROWINGS

The following table presents the distribution of Old National's short-term borrowings and related weighted-average interest rates for each of the years ended December 31:

								Other
		Federal Funds			Repurchase			Short-term
(dollars in thousands)		Purchased			Agreements			Borrowings			Total
2012
Outstanding at year-end	$	231,688		$	358,127		$	0		$	589,815
Average amount outstanding		89,697			324,215			9			413,921
Maximum amount outstanding at
any month-end		251,363			361,490			0
Weighted average interest rate:
During year		0.17	%		0.12	%		7.51	%		0.13	%
End of year		0.18			0.10			0			0.13
2011
Outstanding at year-end	$	103,010		$	321,725		$	114		$	424,849
Average amount outstanding		14,302			340,053			9,268			363,623
Maximum amount outstanding at
any month-end		103,010			366,915			11,336
Weighted average interest rate:
During year		0.09	%		0.15	%		0.17	%		0.15	%
End of year		0.12			0.31			0.04			0.26

Other Short-term Borrowings

As of December 31, 2011, Old National had a $114 thousand note payable to a life insurance company which was assumed as part of the Integra Bank acquisition and matured in January 2012. This note payable carried an effective interest rate of 7.26%.