XML 56 R39.htm IDEA: XBRL DOCUMENT
v3.20.4

Loans and Allowance for Credit Losses (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Receivables [Abstract] |
Schedule of Composition of Loans and Impact of Adoption | The composition of loans by portfolio segment as of December 31, 2019 follows:
(dollars in thousands) | December 31, 2019 Statement Balance |  | Segment Portfolio Reclassifications |  | December 31, 2019 After Reclassifications
Loans: |  |  |  |  |
Commercial | $ | 2,890,296 |  |  | $ | (75,142) |  |  | $ | 2,815,154 |
Commercial real estate | 5,166,792 |  |  | (277,539) |  |  | 4,889,253 |
BBCC | N/A |  | 352,681 |  |  | 352,681 |
Residential real estate | 2,334,289 |  |  | — |  |  | 2,334,289 |
Consumer | 1,726,147 |  |  | (1,726,147) |  |  | N/A
Indirect | N/A |  | 935,584 |  |  | 935,584 |
Direct | N/A |  | 228,524 |  |  | 228,524 |
Home equity | N/A |  | 562,039 |  |  | 562,039 |
Total | $ | 12,117,524 |  |  | $ | — |  |  | $ | 12,117,524 |
Allowance: |  |  |  |  |
Commercial | $ | (22,585) |  |  | $ | 1,226 |  |  | $ | (21,359) |
Commercial real estate | (21,588) |  |  | 1,053 |  |  | (20,535) |
BBCC | N/A |  | (2,279) |  |  | (2,279) |
Residential real estate | (2,299) |  |  | — |  |  | (2,299) |
Consumer | (8,147) |  |  | 8,147 |  |  | N/A
Indirect | N/A |  | (5,319) |  |  | (5,319) |
Direct | N/A |  | (1,863) |  |  | (1,863) |
Home equity | N/A |  | (965) |  |  | (965) |
Total | $ | (54,619) |  |  | $ | — |  |  | $ | (54,619) |
The following table illustrates the impact of adoption of the ASU:
(dollars in thousands) | December 31, 2019 After Reclassifications |  | Impact of ASC 326 Adoption |  | January 1, 2020 Post-ASC 326 Adoption
Assets: |  |  |  |  |
Loans, net of unearned income: |  |  |  |  |
Commercial | $ | 2,815,154 |  |  | $ | 2,679 |  |  | $ | 2,817,833 |
Commercial real estate | 4,889,253 |  |  | 1,637 |  |  | 4,890,890 |
BBCC | 352,681 |  |  | 33 |  |  | 352,714 |
Residential real estate | 2,334,289 |  |  | 105 |  |  | 2,334,394 |
Indirect | 935,584 |  |  | 10 |  |  | 935,594 |
Direct | 228,524 |  |  | 2 |  |  | 228,526 |
Home equity | 562,039 |  |  | 12 |  |  | 562,051 |
Total | 12,117,524 |  |  | 4,478 |  |  | 12,122,002 |
Allowance: |  |  |  |  |
Commercial | (21,359) |  |  | (7,150) |  |  | (28,509) |
Commercial real estate | (20,535) |  |  | (25,548) |  |  | (46,083) |
BBCC | (2,279) |  |  | (3,702) |  |  | (5,981) |
Residential real estate | (2,299) |  |  | (6,986) |  |  | (9,285) |
Indirect | (5,319) |  |  | 1,669 |  |  | (3,650) |
Direct | (1,863) |  |  | 1,059 |  |  | (804) |
Home equity | (965) |  |  | (689) |  |  | (1,654) |
Total allowance for credit losses on loans | (54,619) |  |  | (41,347) |  |  | (95,966) |
Net loans | $ | 12,062,905 |  |  | $ | (36,869) |  |  | $ | 12,026,036 |
Net deferred tax assets | $ | 29,705 |  |  | $ | 10,268 |  |  | $ | 39,973 |
Liabilities: |  |  |  |  |
Allowance for credit losses on unfunded loan commitments | $ | 2,656 |  |  | $ | 4,549 |  |  | $ | 7,205 |
Shareholders' equity: |  |  |  |  |
Retained earnings | $ | 682,185 |  |  | $ | (31,150) |  |  | $ | 651,035 |
The composition of loans by portfolio segment as of December 31, 2020 follows:
| December 31, 2020 |  | Segment |  | December 31, 2020
| Statement |  | Portfolio |  | After
(dollars in thousands) | Balance |  | Reclassifications |  | Reclassifications
Loans: |  |  |  |  |
Commercial | $ | 3,956,422 |  |  | $ | (198,722) |  |  | $ | 3,757,700 |
Commercial real estate | 5,946,512 |  |  | (171,701) |  |  | 5,774,811 |
BBCC | N/A |  | 370,423 |  |  | 370,423 |
Residential real estate | 2,248,422 |  |  | — |  |  | 2,248,422 |
Consumer | 1,635,123 |  |  | (1,635,123) |  |  | N/A
Indirect | N/A |  | 913,902 |  |  | 913,902 |
Direct | N/A |  | 164,807 |  |  | 164,807 |
Home equity | N/A |  | 556,414 |  |  | 556,414 |
Total | $ | 13,786,479 |  |  | $ | — |  |  | $ | 13,786,479 |
Schedule of Composition of Loans | The composition of loans by portfolio segment follows:
(dollars in thousands) | December 31, 2020 |  | January 1, 2020
Commercial (1) (2) | $ | 3,757,700 |  |  | $ | 2,817,833 |
Commercial real estate | 5,774,811 |  |  | 4,890,890 |
BBCC | 370,423 |  |  | 352,714 |
Residential real estate | 2,248,422 |  |  | 2,334,394 |
Indirect | 913,902 |  |  | 935,594 |
Direct | 164,807 |  |  | 228,526 |
Home equity | 556,414 |  |  | 562,051 |
Total loans | 13,786,479 |  |  | 12,122,002 |
Allowance for credit losses | (131,388) |  |  | (95,966) |
Net loans | $ | 13,655,091 |  |  | $ | 12,026,036 |
(1) Includes direct finance leases of $32.3 million at December 31, 2020 and $47.2 million at January 1, 2020. (2) Includes remaining PPP loans of $943.0 million at December 31, 2020.
Schedule of Activity in Related Party Loans | Activity in related party loans is presented in the following table:
| Years Ended December 31,
(dollars in thousands) | 2020 |  | 2019 |  | 2018
Balance at beginning of period | $ | 2,345 |  |  | $ | 9,310 |  |  | $ | 9,481 |
New loans | 1,848 |  |  | 1,218 |  |  | 9,152 |
Repayments | (1,715) |  |  | (2,063) |  |  | (8,721) |
Officer and director changes | (34) |  |  | (6,120) |  |  | (602) |
Balance at end of period | $ | 2,444 |  |  | $ | 2,345 |  |  | $ | 9,310 |
Schedule of Activity in Allowance for Loan Losses | Old National’s activity in the allowance for credit losses for loans by portfolio segment was as follows:
(dollars in thousands) | Balance at Beginning of Period |  | Impact of Adopting ASC 326 |  | Sub-Total |  | Charge-offs |  | Recoveries |  | Provision for Credit Losses |  | Balance at End of Period
Year Ended December 31, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for credit losses: |  |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 21,359 |  |  | $ | 7,150 |  |  | $ | 28,509 |  |  | $ | (5,593) |  |  | $ | 3,629 |  |  | $ | 4,022 |  |  | $ | 30,567 |
Commercial real estate | 20,535 |  |  | 25,548 |  |  | 46,083 |  |  | (4,323) |  |  | 4,515 |  |  | 29,535 |  |  | 75,810 |
BBCC | 2,279 |  |  | 3,702 |  |  | 5,981 |  |  | (95) |  |  | 140 |  |  | 94 |  |  | 6,120 |
Residential real estate | 2,299 |  |  | 6,986 |  |  | 9,285 |  |  | (824) |  |  | 633 |  |  | 3,514 |  |  | 12,608 |
Indirect | 5,319 |  |  | (1,669) |  |  | 3,650 |  |  | (2,754) |  |  | 1,922 |  |  | 762 |  |  | 3,580 |
Direct | 1,863 |  |  | (1,059) |  |  | 804 |  |  | (1,763) |  |  | 819 |  |  | 995 |  |  | 855 |
Home equity | 965 |  |  | 689 |  |  | 1,654 |  |  | (201) |  |  | 922 |  |  | (527) |  |  | 1,848 |
Total allowance for credit losses | $ | 54,619 |  |  | $ | 41,347 |  |  | $ | 95,966 |  |  | $ | (15,553) |  |  | $ | 12,580 |  |  | $ | 38,395 |  |  | $ | 131,388 |
Old National’s activity in the allowance for credit losses on unfunded loan commitments was as follows:
(dollars in thousands) | Year Ended December 31, 2020
Allowance for credit losses on unfunded loan commitments: |
Balance at beginning of period | $ | 2,656 |
Impact of adopting ASC 326 | 4,549 |
Sub-Total | 7,205 |
Expense (reversal of expense) for credit losses | 4,484 |
Balance at end of period | $ | 11,689 |
Old National’s activity in the allowance for loan losses was as follows:
(dollars in thousands) | Commercial |  | Commercial Real Estate |  | Residential |  | Consumer |  | Total
Year Ended December 31, 2019 |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 21,742 |  |  | $ | 23,470 |  |  | $ | 2,277 |  |  | $ | 7,972 |  |  | $ | 55,461 |
Charge-offs | (3,819) |  |  | (2,846) |  |  | (661) |  |  | (7,463) |  |  | (14,789) |
Recoveries | 1,650 |  |  | 3,774 |  |  | 146 |  |  | 3,630 |  |  | 9,200 |
Provision | 3,012 |  |  | (2,810) |  |  | 537 |  |  | 4,008 |  |  | 4,747 |
Balance at end of period | $ | 22,585 |  |  | $ | 21,588 |  |  | $ | 2,299 |  |  | $ | 8,147 |  |  | $ | 54,619 |
Year Ended December 31, 2018 |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |
Balance at beginning of period | $ | 19,246 |  |  | $ | 21,436 |  |  | $ | 1,763 |  |  | $ | 7,936 |  |  | $ | 50,381 |
Charge-offs | (3,087) |  |  | (879) |  |  | (1,100) |  |  | (7,903) |  |  | (12,969) |
Recoveries | 1,519 |  |  | 2,740 |  |  | 2,118 |  |  | 4,706 |  |  | 11,083 |
Provision | 4,064 |  |  | 173 |  |  | (504) |  |  | 3,233 |  |  | 6,966 |
Balance at end of period | $ | 21,742 |  |  | $ | 23,470 |  |  | $ | 2,277 |  |  | $ | 7,972 |  |  | $ | 55,461 |
The following table disaggregates Old National’s allowance for credit losses and amortized cost basis in loans by measurement methodology:
(dollars in thousands) | Commercial |  | Commercial Real Estate |  | Residential |  | Consumer |  | Total
December 31, 2019 |  |  |  |  |  |  |  |  |
Allowance for loan losses: |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 7,891 |  |  | $ | 1,006 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,897 |
Collectively evaluated for impairment | 14,692 |  |  | 20,582 |  |  | 2,299 |  |  | 7,954 |  |  | 45,527 |
Loans acquired with deteriorated credit quality | 2 |  |  | — |  |  | — |  |  | 193 |  |  | 195 |
Total allowance for loan losses | $ | 22,585 |  |  | $ | 21,588 |  |  | $ | 2,299 |  |  | $ | 8,147 |  |  | $ | 54,619 |
Loans and leases outstanding: |  |  |  |  |  |  |  |  |
Individually evaluated for impairment | $ | 41,479 |  |  | $ | 63,288 |  |  | $ | — |  |  | $ | — |  |  | $ | 104,767 |
Collectively evaluated for impairment | 2,843,536 |  |  | 5,084,737 |  |  | 2,326,907 |  |  | 1,723,715 |  |  | 11,978,895 |
Loans acquired with deteriorated credit quality | 5,281 |  |  | 18,767 |  |  | 7,382 |  |  | 2,432 |  |  | 33,862 |
Total loans and leases outstanding | $ | 2,890,296 |  |  | $ | 5,166,792 |  |  | $ | 2,334,289 |  |  | $ | 1,726,147 |  |  | $ | 12,117,524 |
Schedule of Risk Category of Commercial and Commercial Real Estate Loans | The following table summarizes the risk category of commercial, commercial real estate, and BBCC loans by loan portfolio segment and class of loan:
| Risk Rating
(dollars in thousands) | Pass |  | Criticized |  | Classified - Substandard |  | Classified - Nonaccrual |  | Classified - Doubtful |  | Total
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |
Commercial: |  |  |  |  |  |  |  |  |  |  |
Term Loans at Amortized Cost by Origination Year: |  |  |  |  |  |  |  |  |  |  |
Prior to 2016 | $ | 262,538 |  |  | $ | 5,369 |  |  | $ | 8,441 |  |  | $ | 4,379 |  |  | $ | 610 |  |  | $ | 281,337 |
2016 | 124,041 |  |  | 3,383 |  |  | 2,774 |  |  | 49 |  |  | 296 |  |  | 130,543 |
2017 | 227,710 |  |  | 9,508 |  |  | 9,836 |  |  | 6,951 |  |  | 2,748 |  |  | 256,753 |
2018 | 171,228 |  |  | 15,003 |  |  | 10,077 |  |  | 4,701 |  |  | 1,016 |  |  | 202,025 |
2019 | 420,736 |  |  | 9,603 |  |  | 6,369 |  |  | 3,754 |  |  | — |  |  | 440,462 |
2020 | 1,675,964 |  |  | 23,982 |  |  | 6,501 |  |  | 2,600 |  |  | — |  |  | 1,709,047 |
Revolving Loans | 549,849 |  |  | 10,307 |  |  | 15,344 |  |  | 778 |  |  | — |  |  | 576,278 |
Revolving to Term Loans | 148,508 |  |  | 2,685 |  |  | 3,049 |  |  | 7,013 |  |  | — |  |  | 161,255 |
Total | $ | 3,580,574 |  |  | $ | 79,840 |  |  | $ | 62,391 |  |  | $ | 30,225 |  |  | $ | 4,670 |  |  | $ | 3,757,700 |
Commercial real estate: |  |  |  |  |  |  |  |  |  |  |
Term Loans at Amortized Cost by Origination Year: |  |  |  |  |  |  |  |  |  |  |
Prior to 2016 | $ | 513,658 |  |  | $ | 33,490 |  |  | $ | 8,665 |  |  | $ | 12,564 |  |  | $ | 3,274 |  |  | $ | 571,651 |
2016 | 496,086 |  |  | 17,648 |  |  | 5,308 |  |  | 1,635 |  |  | 19,283 |  |  | 539,960 |
2017 | 677,119 |  |  | 46,994 |  |  | 26,691 |  |  | 9,456 |  |  | 18,926 |  |  | 779,186 |
2018 | 749,102 |  |  | 26,464 |  |  | 13,565 |  |  | 5,393 |  |  | — |  |  | 794,524 |
2019 | 1,041,305 |  |  | 49,271 |  |  | 4,700 |  |  | 2,054 |  |  | 1,832 |  |  | 1,099,162 |
2020 | 1,537,226 |  |  | 6,874 |  |  | 11,451 |  |  | 1,408 |  |  | — |  |  | 1,556,959 |
Revolving Loans | 28,122 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 28,122 |
Revolving to Term Loans | 382,219 |  |  | 19,804 |  |  | 2,911 |  |  | 313 |  |  | — |  |  | 405,247 |
Total | $ | 5,424,837 |  |  | $ | 200,545 |  |  | $ | 73,291 |  |  | $ | 32,823 |  |  | $ | 43,315 |  |  | $ | 5,774,811 |
BBCC: |  |  |  |  |  |  |  |  |  |  |
Term Loans at Amortized Cost by Origination Year: |  |  |  |  |  |  |  |  |  |  |
Prior to 2016 | $ | 5,327 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 30 |  |  | $ | 5,357 |
2016 | 24,946 |  |  | 643 |  |  | 33 |  |  | — |  |  | — |  |  | 25,622 |
2017 | 36,288 |  |  | 414 |  |  | 246 |  |  | 200 |  |  | 70 |  |  | 37,218 |
2018 | 49,875 |  |  | 621 |  |  | 195 |  |  | 134 |  |  | 847 |  |  | 51,672 |
2019 | 73,913 |  |  | 1,403 |  |  | 1,417 |  |  | 551 |  |  | 3 |  |  | 77,287 |
2020 | 94,828 |  |  | 1,599 |  |  | 233 |  |  | 161 |  |  | — |  |  | 96,821 |
Revolving Loans | 52,393 |  |  | 868 |  |  | 317 |  |  | 89 |  |  | — |  |  | 53,667 |
Revolving to Term Loans | 19,353 |  |  | 1,259 |  |  | 701 |  |  | 1,466 |  |  | — |  |  | 22,779 |
Total | $ | 356,923 |  |  | $ | 6,807 |  |  | $ | 3,142 |  |  | $ | 2,601 |  |  | $ | 950 |  |  | $ | 370,423 |
The following table presents the amortized cost in residential real estate and consumer loans based on payment activity:
| Payment Performance |  |
(dollars in thousands) | Performing |  | Nonperforming |  | Total
December 31, 2020 |  |  |  |  |
Residential real estate: |  |  |  |  |
Term Loans at Amortized Cost by Origination Year: |  |  |  |  |
Prior to 2016 | $ | 620,999 |  |  | $ | 20,775 |  |  | $ | 641,774 |
2016 | 202,457 |  |  | 2,131 |  |  | 204,588 |
2017 | 190,376 |  |  | 892 |  |  | 191,268 |
2018 | 132,107 |  |  | 680 |  |  | 132,787 |
2019 | 453,132 |  |  | 251 |  |  | 453,383 |
2020 | 624,435 |  |  | 65 |  |  | 624,500 |
Revolving Loans | — |  |  | — |  |  | — |
Revolving to Term Loans | 122 |  |  | — |  |  | 122 |
Total | $ | 2,223,628 |  |  | $ | 24,794 |  |  | $ | 2,248,422 |
Indirect: |  |  |  |  |
Term Loans at Amortized Cost by Origination Year: |  |  |  |  |
Prior to 2016 | $ | 21,088 |  |  | $ | 192 |  |  | $ | 21,280 |
2016 | 52,225 |  |  | 429 |  |  | 52,654 |
2017 | 96,587 |  |  | 666 |  |  | 97,253 |
2018 | 134,893 |  |  | 777 |  |  | 135,670 |
2019 | 253,514 |  |  | 443 |  |  | 253,957 |
2020 | 352,989 |  |  | 22 |  |  | 353,011 |
Revolving Loans | — |  |  | — |  |  | — |
Revolving to Term Loans | 77 |  |  | — |  |  | 77 |
Total | $ | 911,373 |  |  | $ | 2,529 |  |  | $ | 913,902 |
Direct: |  |  |  |  |
Term Loans at Amortized Cost by Origination Year: |  |  |  |  |
Prior to 2016 | $ | 19,465 |  |  | $ | 526 |  |  | $ | 19,991 |
2016 | 8,527 |  |  | 247 |  |  | 8,774 |
2017 | 16,182 |  |  | 64 |  |  | 16,246 |
2018 | 30,510 |  |  | 171 |  |  | 30,681 |
2019 | 29,189 |  |  | 141 |  |  | 29,330 |
2020 | 32,499 |  |  | 22 |  |  | 32,521 |
Revolving Loans | 26,028 |  |  | 4 |  |  | 26,032 |
Revolving to Term Loans | 1,229 |  |  | 3 |  |  | 1,232 |
Total | $ | 163,629 |  |  | $ | 1,178 |  |  | $ | 164,807 |
Home equity: |  |  |  |  |
Term Loans at Amortized Cost by Origination Year: |  |  |  |  |
Prior to 2016 | $ | — |  |  | $ | 116 |  |  | $ | 116 |
2016 | 238 |  |  | 11 |  |  | 249 |
2017 | 891 |  |  | — |  |  | 891 |
2018 | 444 |  |  | — |  |  | 444 |
2019 | 997 |  |  | 37 |  |  | 1,034 |
2020 | 1 |  |  | — |  |  | 1 |
Revolving Loans | 529,275 |  |  | 94 |  |  | 529,369 |
Revolving to Term Loans | 20,314 |  |  | 3,996 |  |  | 24,310 |
Total | $ | 552,160 |  |  | $ | 4,254 |  |  | $ | 556,414 |
The risk category or commercial and commercial real estate loans by class of loans was as follows:
| December 31, 2019
(dollars in thousands) | Commercial |  | Commercial Real Estate - Construction |  | Commercial Real Estate - Other
Corporate Credit Exposure Credit Risk Profile by Internally Assigned Grade |  |  |  |  |
Grade: |  |  |  |  |
Pass | $ | 2,702,605 |  |  | $ | 665,512 |  |  | $ | 4,191,455 |
Criticized | 84,676 |  |  | 34,651 |  |  | 115,514 |
Classified - substandard | 63,979 |  |  | — |  |  | 101,693 |
Classified - nonaccrual | 22,240 |  |  | 12,929 |  |  | 38,822 |
Classified - doubtful | 16,796 |  |  | — |  |  | 6,216 |
Total | $ | 2,890,296 |  |  | $ | 713,092 |  |  | $ | 4,453,700 |
The following table presents the recorded investment in residential and consumer loans based on payment activity:
|  |  | Consumer
(dollars in thousands) | Residential |  | Home Equity |  | Auto |  | Other
December 31, 2019 |  |  |  |  |  |  |
Performing | $ | 2,311,670 |  |  | $ | 555,025 |  |  | $ | 1,013,760 |  |  | $ | 147,383 |
Nonperforming | 22,619 |  |  | 3,996 |  |  | 3,527 |  |  | 2,456 |
Total | $ | 2,334,289 |  |  | $ | 559,021 |  |  | $ | 1,017,287 |  |  | $ | 149,839 |
Schedule of Past Due Financing Receivables | The following table presents the aging of the amortized cost basis in past due loans by class of loans:
(dollars in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Past Due 90 Days or More |  | Total Past Due |  | Current |  | Total Loans
December 31, 2020 |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 2,977 |  |  | $ | 664 |  |  | $ | 2,100 |  |  | $ | 5,741 |  |  | $ | 3,751,959 |  |  | $ | 3,757,700 |
Commercial real estate | 887 |  |  | 128 |  |  | 27,272 |  |  | 28,287 |  |  | 5,746,524 |  |  | 5,774,811 |
BBCC | 894 |  |  | 882 |  |  | 61 |  |  | 1,837 |  |  | 368,586 |  |  | 370,423 |
Residential | 11,639 |  |  | 3,296 |  |  | 7,666 |  |  | 22,601 |  |  | 2,225,821 |  |  | 2,248,422 |
Indirect | 5,222 |  |  | 960 |  |  | 492 |  |  | 6,674 |  |  | 907,228 |  |  | 913,902 |
Direct | 753 |  |  | 533 |  |  | 426 |  |  | 1,712 |  |  | 163,095 |  |  | 164,807 |
Home equity | 1,075 |  |  | 377 |  |  | 1,663 |  |  | 3,115 |  |  | 553,299 |  |  | 556,414 |
Total | $ | 23,447 |  |  | $ | 6,840 |  |  | $ | 39,680 |  |  | $ | 69,967 |  |  | $ | 13,716,512 |  |  | $ | 13,786,479 |
Financing Receivable, Nonaccrual | The following table presents the amortized cost basis of loans on nonaccrual status and loans past due 90 days or more and still accruing by class of loan:
| January 1, 2020 |  | September 30, 2020 |  | December 31, 2020
(dollars in thousands) | Nonaccrual Amortized Cost |  | Nonaccrual Amortized Cost |  | Nonaccrual Amortized Cost |  | Nonaccrual With No Related Allowance |  | Past Due 90 Days or More and Accruing
Commercial | $ | 40,103 |  |  | $ | 34,188 |  |  | $ | 34,895 |  |  | $ | 3,394 |  |  | $ | 122 |
Commercial real estate | 58,350 |  |  | 67,859 |  |  | 76,138 |  |  | 22,152 |  |  | 20 |
BBCC | 4,530 |  |  | 3,601 |  |  | 3,551 |  |  | — |  |  | — |
Residential | 20,970 |  |  | 23,914 |  |  | 24,794 |  |  | — |  |  | — |
Indirect | 3,318 |  |  | 2,619 |  |  | 2,529 |  |  | — |  |  | 12 |
Direct | 1,303 |  |  | 1,264 |  |  | 1,178 |  |  | 27 |  |  | 13 |
Home equity | 3,857 |  |  | 4,166 |  |  | 4,254 |  |  | 45 |  |  | — |
Total | $ | 132,431 |  |  | $ | 137,611 |  |  | $ | 147,339 |  |  | $ | 25,618 |  |  | $ | 167 |
The following table presents the amortized cost basis of collateral dependent loans by class of loan:
| Type of Collateral
(dollars in thousands) | Real Estate |  | Blanket Lien |  | Investment Securities/Cash |  | Auto |  | Other
December 31, 2020 |  |  |  |  |  |  |  |  |
Commercial | $ | 8,976 |  |  | $ | 19,253 |  |  | $ | 5,379 |  |  | $ | 394 |  |  | $ | 893 |
Commercial Real Estate | 60,844 |  |  | 472 |  |  | 1,137 |  |  | — |  |  | 13,685 |
BBCC | 1,425 |  |  | 1,929 |  |  | 63 |  |  | 134 |  |  | — |
Residential | 24,794 |  |  | — |  |  | — |  |  | — |  |  | — |
Indirect | — |  |  | — |  |  | — |  |  | 2,529 |  |  | — |
Direct | 901 |  |  | — |  |  | 2 |  |  | 235 |  |  | 29 |
Home equity | 4,254 |  |  | — |  |  | — |  |  | — |  |  | — |
Total loans | $ | 101,194 |  |  | $ | 21,654 |  |  | $ | 6,581 |  |  | $ | 3,292 |  |  | $ | 14,607 |
Schedule of Activity in Trouble Debt Restructurings | The following table presents activity in TDRs:
(dollars in thousands) | Beginning Balance |  | (Charge-offs)/ Recoveries |  | (Payments)/ Disbursements |  | Additions |  | Ending Balance
Year Ended December 31, 2020 |  |  |  |  |  |  |  |  |
Commercial | $ | 12,412 |  |  | $ | 633 |  |  | $ | (4,557) |  |  | $ | 2,602 |  |  | $ | 11,090 |
Commercial real estate | 14,277 |  |  | 4,801 |  |  | (8,502) |  |  | 7,030 |  |  | 17,606 |
BBCC | 578 |  |  | (19) |  |  | (447) |  |  | — |  |  | 112 |
Residential | 3,107 |  |  | — |  |  | (283) |  |  | — |  |  | 2,824 |
Indirect | — |  |  | 9 |  |  | (9) |  |  | — |  |  | — |
Direct | 983 |  |  | 23 |  |  | (267) |  |  | — |  |  | 739 |
Home equity | 381 |  |  | 3 |  |  | (102) |  |  | — |  |  | 282 |
Total | $ | 31,738 |  |  | $ | 5,450 |  |  | $ | (14,167) |  |  | $ | 9,632 |  |  | $ | 32,653 |
The following table presents activity in TDRs:
(dollars in thousands) | Beginning Balance |  | (Charge-offs)/ Recoveries |  | (Payments)/ Disbursements |  | Additions |  | Ending Balance
Year Ended December 31, 2019 |  |  |  |  |  |  |  |  |
Commercial | $ | 10,275 |  |  | $ | (1,911) |  |  | $ | (3,733) |  |  | $ | 10,231 |  |  | $ | 14,862 |
Commercial real estate | 27,671 |  |  | (2,112) |  |  | (23,182) |  |  | 10,027 |  |  | 12,404 |
Residential | 3,390 |  |  | — |  |  | (971) |  |  | 557 |  |  | 2,976 |
Consumer | 2,374 |  |  | 13 |  |  | (1,207) |  |  | 316 |  |  | 1,496 |
Total | $ | 43,710 |  |  | $ | (4,010) |  |  | $ | (29,093) |  |  | $ | 21,131 |  |  | $ | 31,738 |
Year Ended December 31, 2018 |  |  |  |  |  |  |  |  |
Commercial | $ | 12,088 |  |  | $ | (169) |  |  | $ | (5,188) |  |  | $ | 3,544 |  |  | $ | 10,275 |
Commercial real estate | 34,705 |  |  | 561 |  |  | (8,808) |  |  | 1,213 |  |  | 27,671 |
Residential | 3,315 |  |  | 23 |  |  | (450) |  |  | 502 |  |  | 3,390 |
Consumer | 3,895 |  |  | 16 |  |  | (1,969) |  |  | 432 |  |  | 2,374 |
Total | $ | 54,003 |  |  | $ | 431 |  |  | $ | (16,415) |  |  | $ | 5,691 |  |  | $ | 43,710 |
Schedule of Loans by Class Modified as Troubled Debt Restructuring | The following table presents loans modified as TDRs that occurred during the years ended December 31, 2020, 2019, and 2018:
(dollars in thousands) | Total
Year Ended December 31, 2020 |
TDR: |
Number of loans | 4 |
Pre-modification outstanding recorded investment | $ | 9,632 |
Post-modification outstanding recorded investment | 9,632 |
Year Ended December 31, 2019 |
TDR: |
Number of loans | 14 |
Pre-modification outstanding recorded investment | $ | 21,131 |
Post-modification outstanding recorded investment | 21,131 |
Year Ended December 31, 2018 |
TDR: |
Number of loans | 10 |
Pre-modification outstanding recorded investment | $ | 5,691 |
Post-modification outstanding recorded investment | 5,691 |
Financing Receivable, Non-Troubled Debt Restructuring Modification | The table below presents these loan deferrals by loan category:
(dollars in thousands) | June 30, 2020 Deferrals Balance |  | September 30, 2020 Deferrals Balance |  | December 31, 2020 Deferrals Balance (1) |  | December 31, 2020 Number of Deferrals
Commercial and commercial real estate | $ | 1,170,119 |  |  | $ | 125,603 |  |  | $ | 53,823 |  |  | 101 |
Residential real estate | 78,639 |  |  | 1,654 |  |  | 1,855 |  |  | 6 |
Consumer | 54,786 |  |  | 10,315 |  |  | 8,224 |  |  | 348 |
Total | $ | 1,303,544 |  |  | $ | 137,572 |  |  | $ | 63,902 |  |  | 455 |
(1) Includes second deferrals between 90 and 180 days totaling $6.3 million of commercial and commercial real estate loans and $0.6 million of consumer loans.
Schedule of Impaired Loans | The following table presents Old National’s impaired loans at December 31, 2019. Only purchased loans that have experienced subsequent impairment since the date acquired (excluding loans acquired with deteriorated credit quality) are included in the table below.
(dollars in thousands) | Recorded Investment |  | Unpaid Principal Balance |  | Related Allowance
December 31, 2019 |  |  |  |  |
With no related allowance recorded: |  |  |  |  |
Commercial | $ | 23,227 |  |  | $ | 23,665 |  |  | $ | — |
Commercial Real Estate - Construction | 12,929 |  |  | 12,929 |  |  | — |
Commercial Real Estate - Other | 37,674 |  |  | 38,112 |  |  | — |
Residential | 1,774 |  |  | 1,794 |  |  | — |
Consumer | 403 |  |  | 568 |  |  | — |
With an allowance recorded: |  |  |  |  |
Commercial | 18,252 |  |  | 18,305 |  |  | 7,891 |
Commercial Real Estate - Other | 12,685 |  |  | 12,685 |  |  | 1,006 |
Residential | 1,201 |  |  | 1,201 |  |  | 39 |
Consumer | 1,094 |  |  | 1,094 |  |  | 55 |
Total | $ | 109,239 |  |  | $ | 110,353 |  |  | $ | 8,991 |
The average balance of impaired loans are included in the table below.
| Years Ended December 31,
(dollars in thousands) | 2019 |  | 2018
Average Recorded Investment |  |  |
With no related allowance recorded: |  |  |
Commercial | $ | 22,629 |  |  | $ | 21,295 |
Commercial Real Estate - Construction | 6,465 |  |  | — |
Commercial Real Estate - Other | 39,401 |  |  | 39,902 |
Residential | 2,052 |  |  | 2,305 |
Consumer | 923 |  |  | 832 |
With an allowance recorded: |  |  |
Commercial | 15,816 |  |  | 9,546 |
Commercial Real Estate - Construction | 6,912 |  |  | 7,365 |
Commercial Real Estate - Other | 20,420 |  |  | 27,317 |
Residential | 981 |  |  | 840 |
Consumer | 1,219 |  |  | 1,957 |
Total | $ | 116,818 |  |  | $ | 111,359 |
Old National’s past due loans were as follows:
(dollars in thousands) | 30-59 Days Past Due |  | 60-89 Days Past Due |  | Past Due 90 Days or More and Accruing |  | Nonaccrual |  | Total Past Due |  | Current
December 31, 2019 |  |  |  |  |  |  |  |  |  |  |
Commercial | $ | 1,489 |  |  | $ | 498 |  |  | $ | — |  |  | $ | 39,036 |  |  | $ | 41,023 |  |  | $ | 2,849,273 |
Commercial Real Estate: |  |  |  |  |  |  |  |  |  |  |
Construction | 187 |  |  | — |  |  | — |  |  | 12,929 |  |  | 13,116 |  |  | 699,976 |
Other | 2,223 |  |  | 665 |  |  | 181 |  |  | 45,038 |  |  | 48,107 |  |  | 4,405,593 |
Residential | 11,054 |  |  | 2,426 |  |  | 20 |  |  | 21,023 |  |  | 34,523 |  |  | 2,299,766 |
Consumer: |  |  |  |  |  |  |  |  |  |  |
Home equity | 1,020 |  |  | 554 |  |  | 107 |  |  | 3,785 |  |  | 5,466 |  |  | 553,555 |
Auto | 7,704 |  |  | 919 |  |  | 154 |  |  | 3,527 |  |  | 12,304 |  |  | 1,004,983 |
Other | 1,372 |  |  | 147 |  |  | 108 |  |  | 1,074 |  |  | 2,701 |  |  | 147,138 |
Total | $ | 25,049 |  |  | $ | 5,209 |  |  | $ | 570 |  |  | $ | 126,412 |  |  | $ | 157,240 |  |  | $ | 11,960,284 |

X
- Definition Financing Receivable, Non-Troubled Debt Restructuring Modification + References No definition available. + Details
Name: | onb_FinancingReceivableNonTroubledDebtRestructuringModificationTableTextBlock
Namespace Prefix: | onb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the composition of loans by lending classification. + References No definition available. + Details
Name: | onb_ScheduleOfCompositionOfLoansTableTableTextBlock
Namespace Prefix: | onb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of related party loans. + References No definition available. + Details
Name: | onb_ScheduleOfRelatedPartyLoansTableTableTextBlock
Namespace Prefix: | onb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of loans by class modified as troubled debt restructurings that occurred during the reporting period. + References No definition available. + Details
Name: | onb_TroubledDebtRestructuringsOnFinancingReceivablesWithInTwelveMonthsTableTableTextBlock
Namespace Prefix: | onb_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of allowance for credit loss on financing receivable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919249-210447 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919230-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953659-111524 + Details
Name: | us-gaap_FinancingReceivableCreditQualityIndicatorsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of impaired financing receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121611835&loc=d3e5212-111524 + Details
Name: | us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of aging analysis for financing receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 14 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919253-210447 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7A -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953401-111524 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 55 -Paragraph 80 -URI http://asc.fasb.org/extlink&oid=121647567&loc=SL82922355-210448 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=121611835&loc=d3e5111-111524 + Details
Name: | us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_ReceivablesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable on nonaccrual status. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=121611835&loc=d3e5111-111524 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 326 -SubTopic 20 -Section 50 -Paragraph 16 -URI http://asc.fasb.org/extlink&oid=121599337&loc=SL82919258-210447 + Details
Name: | us-gaap_ScheduleOfFinancingReceivablesNonAccrualStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e765-108305 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=116846552&loc=d3e725-108305 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794 + Details
Name: | us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivable modified as troubled debt restructuring. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953676-111524 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=121611835&loc=SL6953682-111524 + Details
Name: | us-gaap_TroubledDebtRestructuringsOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration