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Parent Company Financial Statements | 12 Months Ended
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Dec. 31, 2021
Condensed Financial Information Disclosure [Abstract] |
Parent Company Financial Statements | PARENT COMPANY FINANCIAL STATEMENTS The following are the condensed parent company only financial statements of Old National:
OLD NATIONAL BANCORP (PARENT COMPANY ONLY) CONDENSED BALANCE SHEETS |  |  |
| December 31,
(dollars in thousands) | 2021 |  | 2020
Assets |  |  |
Deposits in affiliate bank | $ | 102,953 |  |  | $ | 73,340 |
Equity securities | 3,257 |  |  | 2,435 |
Investment securities - available-for-sale | 13,888 |  |  | 14,198 |
Investment in affiliates: |  |  |
Banking subsidiaries | 3,053,575 |  |  | 3,037,930 |
Non-banks | 4,949 |  |  | 4,969 |
Other assets | 83,531 |  |  | 89,776 |
Total assets | $ | 3,262,153 |  |  | $ | 3,222,648 |
Liabilities and Shareholders' Equity |  |  |
Other liabilities | $ | 36,582 |  |  | $ | 36,746 |
Other borrowings | 213,553 |  |  | 213,246 |
Shareholders' equity | 3,012,018 |  |  | 2,972,656 |
Total liabilities and shareholders' equity | $ | 3,262,153 |  |  | $ | 3,222,648 |
OLD NATIONAL BANCORP (PARENT COMPANY ONLY) CONDENSED STATEMENTS OF INCOME |  |  |  |  |
| Years Ended December 31,
(dollars in thousands) | 2021 |  | 2020 |  | 2019
Income |  |  |  |  |
Dividends from affiliates | $ | 125,000 |  |  | $ | 230,000 |  |  | $ | 165,000 |
Debt securities gains (losses), net | 334 |  |  | 574 |  |  | 631 |
Other income | 3,030 |  |  | 3,622 |  |  | 2,209 |
Other income from affiliates | 5 |  |  | 5 |  |  | 5 |
Total income | 128,369 |  |  | 234,201 |  |  | 167,845 |
Expense |  |  |  |  |
Interest on borrowings | 8,285 |  |  | 8,649 |  |  | 10,203 |
Other expenses | 13,951 |  |  | 16,351 |  |  | 15,505 |
Total expense | 22,236 |  |  | 25,000 |  |  | 25,708 |
Income before income taxes and equity in undistributed earnings of affiliates | 106,133 |  |  | 209,201 |  |  | 142,137 |
Income tax expense (benefit) | (5,113) |  |  | (5,317) |  |  | (6,165) |
Income before equity in undistributed earnings of affiliates | 111,246 |  |  | 214,518 |  |  | 148,302 |
Equity in undistributed earnings of affiliates | 166,292 |  |  | 11,891 |  |  | 89,904 |
Net income | $ | 277,538 |  |  | $ | 226,409 |  |  | $ | 238,206 |
OLD NATIONAL BANCORP (PARENT COMPANY ONLY) CONDENSED STATEMENT OF CASH FLOWS |  |  |  |  |
| Years Ended December 31,
(dollars in thousands) | 2021 |  | 2020 |  | 2019
Cash Flows From Operating Activities |  |  |  |  |
Net income | $ | 277,538 |  |  | $ | 226,409 |  |  | $ | 238,206 |
Adjustments to reconcile net income to cash provided by operating activities: |  |  |  |  |
Depreciation | 30 |  |  | 46 |  |  | 52 |
Debt securities (gains) losses, net | (334) |  |  | (574) |  |  | (631) |
Share-based compensation expense | 7,497 |  |  | 7,707 |  |  | 7,993 |
(Increase) decrease in other assets | 10,547 |  |  | (51) |  |  | (3,685) |
Increase (decrease) in other liabilities | (4,918) |  |  | 1,084 |  |  | 1,046 |
Equity in undistributed earnings of affiliates | (166,292) |  |  | (11,891) |  |  | (89,904) |
Net cash flows provided by (used in) operating activities | 124,068 |  |  | 222,730 |  |  | 153,077 |
Cash Flows From Investing Activities |  |  |  |  |
Proceeds from dissolution of subsidiary | — |  |  | — |  |  | 224 |
Proceeds from sales of investment securities | 1,000 |  |  | — |  |  | — |
Proceeds from sales of equity securities | 540 |  |  | 4,431 |  |  | 130 |
Purchases of investment securities | (15) |  |  | (10,073) |  |  | (3,085) |
Proceeds from sales of premises and equipment | — |  |  | 354 |  |  | 847 |
Purchases of premises and equipment | (3) |  |  | (354) |  |  | (869) |
Net cash flows provided by (used in) investing activities | 1,522 |  |  | (5,642) |  |  | (2,753) |
Cash Flows From Financing Activities |  |  |  |  |
Payments for maturities/redemptions of other borrowings | — |  |  | (10,310) |  |  | (8,000) |
Cash dividends paid on common stock | (92,829) |  |  | (92,946) |  |  | (89,474) |
Common stock repurchased | (3,731) |  |  | (82,358) |  |  | (102,413) |
Proceeds from exercise of stock options | — |  |  | — |  |  | 280 |
Common stock issued | 583 |  |  | 577 |  |  | 567 |
Net cash flows provided by (used in) financing activities | (95,977) |  |  | (185,037) |  |  | (199,040) |
Net increase (decrease) in cash and cash equivalents | 29,613 |  |  | 32,051 |  |  | (48,716) |
Cash and cash equivalents at beginning of period | 73,340 |  |  | 41,289 |  |  | 90,005 |
Cash and cash equivalents at end of period | $ | 102,953 |  |  | $ | 73,340 |  |  | $ | 41,289 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=123454820&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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