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Parent Company Financial Statements (Tables) | 12 Months Ended
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Dec. 31, 2022
Condensed Financial Information Disclosure [Abstract] |
Condensed Balance Sheets | 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) | 2022 |  | 2021
Assets |  |  |
Deposits in affiliate bank | $ | 418,959 |  |  | $ | 102,953 |
Equity securities | 30,717 |  |  | 3,257 |
Investment securities - available-for-sale | 16,814 |  |  | 13,888 |
Investment in affiliates: |  |  |
Banking subsidiaries | 5,000,153 |  |  | 3,053,575 |
Non-banks | 44,938 |  |  | 4,949 |
Goodwill | 59,506 |  |  | — |
Other assets | 135,025 |  |  | 83,531 |
Total assets | $ | 5,706,112 |  |  | $ | 3,262,153 |
Liabilities and Shareholders' Equity |  |  |
Other liabilities | $ | 92,758 |  |  | $ | 36,582 |
Other borrowings | 484,759 |  |  | 213,553 |
Shareholders' equity | 5,128,595 |  |  | 3,012,018 |
Total liabilities and shareholders' equity | $ | 5,706,112 |  |  | $ | 3,262,153 |
Condensed Statements of Income |
OLD NATIONAL BANCORP (PARENT COMPANY ONLY) CONDENSED STATEMENTS OF INCOME |  |  |  |  |
| Years Ended December 31,
(dollars in thousands) | 2022 |  | 2021 |  | 2020
Income |  |  |  |  |
Dividends from affiliates | $ | — |  |  | $ | 125,000 |  |  | $ | 230,000 |
Other income | 1,733 |  |  | 3,364 |  |  | 4,196 |
Other income from affiliates | 5 |  |  | 5 |  |  | 5 |
Total income | 1,738 |  |  | 128,369 |  |  | 234,201 |
Expense |  |  |  |  |
Interest on borrowings | 16,662 |  |  | 8,285 |  |  | 8,649 |
Other expenses | 37,629 |  |  | 13,951 |  |  | 16,351 |
Total expense | 54,291 |  |  | 22,236 |  |  | 25,000 |
Income (loss) before income taxes and equity in undistributed earnings of affiliates | (52,553) |  |  | 106,133 |  |  | 209,201 |
Income tax expense (benefit) | (9,901) |  |  | (5,113) |  |  | (5,317) |
Income (loss) before equity in undistributed earnings of affiliates | (42,652) |  |  | 111,246 |  |  | 214,518 |
Equity in undistributed earnings of affiliates | 470,939 |  |  | 166,292 |  |  | 11,891 |
Net income | 428,287 |  |  | 277,538 |  |  | 226,409 |
Preferred dividends | (14,118) |  |  | — |  |  | — |
Net income applicable to common shareholders | $ | 414,169 |  |  | $ | 277,538 |  |  | $ | 226,409 |
Condensed Statement of Cash Flows |
OLD NATIONAL BANCORP (PARENT COMPANY ONLY) CONDENSED STATEMENT OF CASH FLOWS |  |  |  |  |
| Years Ended December 31,
(dollars in thousands) | 2022 |  | 2021 |  | 2020
Cash Flows From Operating Activities |  |  |  |  |
Net income | $ | 428,287 |  |  | $ | 277,538 |  |  | $ | 226,409 |
Adjustments to reconcile net income to cash provided by operating activities: |  |  |  |  |
Depreciation | 26 |  |  | 30 |  |  | 46 |
Share-based compensation expense | 28,656 |  |  | 7,497 |  |  | 7,707 |
(Increase) decrease in other assets | (40,620) |  |  | 10,213 |  |  | (625) |
Increase (decrease) in other liabilities | 10,455 |  |  | (4,918) |  |  | 1,084 |
Equity in undistributed earnings of affiliates | (470,939) |  |  | (166,292) |  |  | (11,891) |
Net cash flows provided by (used in) operating activities | (44,135) |  |  | 124,068 |  |  | 222,730 |
Cash Flows From Investing Activities |  |  |  |  |
Net cash and cash equivalents of acquisitions | 573,099 |  |  | — |  |  | — |
Proceeds from sales of investment securities | — |  |  | 1,000 |  |  | — |
Proceeds from sales of equity securities | 44,038 |  |  | 540 |  |  | 4,431 |
Purchases of investment securities | (9,000) |  |  | (15) |  |  | (10,073) |
Proceeds from sales of premises and equipment | — |  |  | — |  |  | 354 |
Purchases of premises and equipment | — |  |  | (3) |  |  | (354) |
Net cash flows provided by (used in) investing activities | 608,137 |  |  | 1,522 |  |  | (5,642) |
Cash Flows From Financing Activities |  |  |  |  |
Payments for maturities/redemptions of other borrowings | — |  |  | — |  |  | (10,310) |
Cash dividends paid | (177,623) |  |  | (92,829) |  |  | (92,946) |
Common stock repurchased | (71,182) |  |  | (3,731) |  |  | (82,358) |
Common stock issued | 809 |  |  | 583 |  |  | 577 |
Net cash flows provided by (used in) financing activities | (247,996) |  |  | (95,977) |  |  | (185,037) |
Net increase (decrease) in cash and cash equivalents | 316,006 |  |  | 29,613 |  |  | 32,051 |
Cash and cash equivalents at beginning of period | 102,953 |  |  | 73,340 |  |  | 41,289 |
Cash and cash equivalents at end of period | $ | 418,959 |  |  | $ | 102,953 |  |  | $ | 73,340 |

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