Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2014

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Fair Value of Derivative Financial Instruments

The following tables summarize the fair value of derivative financial instruments utilized by Old National:

	Asset Derivatives
	March 31, 2014			December 31, 2013
(dollars in thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Interest rate contracts	Other assets	$	3,355	Other assets	$	3,545
Total derivatives designated as hedging instruments		$	3,355		$	3,545
Derivatives not designated as hedging instruments
Interest rate contracts	Other assets	$	16,580	Other assets	$	18,279
Mortgage contracts	Other assets		342	Other assets		263
Total derivatives not designated as hedging instruments		$	16,922		$	18,542
Total derivative assets		$	20,277		$	22,087
	Liability Derivatives
	March 31, 2014			December 31, 2013
(dollars in thousands)	Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Derivatives designated as hedging instruments
Interest rate contracts	Other liabilities	$	2,444	Other liabilities	$	1,218
Total derivatives designated as hedging instruments		$	2,444		$	1,218
Derivatives not designated as hedging instruments
Interest rate contracts	Other liabilities	$	16,732	Other liabilities	$	18,505
Total derivatives not designated as hedging instruments		$	16,732		$	18,505
Total derivative liabilities		$	19,176		$	19,723

Schedule of Effect of Derivative Instruments on the Consolidated Statements of Income

The effect of derivative instruments on the Consolidated Statement of Income for the three months ended March 31, 2014 and 2013 are as follows:

(dollars in thousands)		Three months ended March 31, 2014		Three months ended March 31, 2013
Derivatives in Fair Value Hedging Relationships	Location of Gain or (Loss) Recognized in Income on Derivative	Amount of Gain or (Loss) Recognized in Income on Derivative
Interest rate contracts (1)	Interest income / (expense)	$	359	$	477
Interest rate contracts (2)	Other income / (expense)		106		27
Total		$	465	$	504
Derivatives Not Designated as Hedging Instruments	Location of Gain or (Loss) Recognized in Income on Derivative	Amount of Gain or (Loss) Recognized in Income on Derivative
Interest rate contracts (3)	Other income / (expense)	$	73	$	(39	)
Mortgage contracts	Mortgage banking revenue		80		147
Total		$	153	$	108

(1) Amounts represent the net interest payments as stated in the contractual agreements.

(2) Amounts represent ineffectiveness on derivatives designated as fair value hedges.

(3) Includes the valuation differences between the customer and offsetting counterparty swaps.