Old National Bancorp (ONB) 8-K Results of Operations and Financial Condition

Exhibit: 99.2

Old National Bancorp


Financial Trends

Fourth Quarter 2005

January 31, 2006

Please direct inquiries to:

Christopher A. Wolking, Executive Vice President & Chief Financial Officer (812) 464-1322 orCandice Jenkins, Senior Vice President & Corporate Controller (812) 461-9769

Notes:- Disclosures based on operating earnings, which exclude gains on branch divestitures and restructuring charges, are included to provide comparable data between years.

- All share and per share data have been adjusted for stock dividends.

- Summations may not equal due to rounding.

- In connection with certain derivative transactions related to interest rate swap agreements, the Company has determined that it will restate the previously reported annual results for the years ended December 31, 2002, 2003, 2004, and the quarterly results for the periods ended March 31, June 30, and September 30, 2004 and 2005.

- For additional information regarding this restatement, see Form 8-K filed on January 31, 2006.

Old National Bancorp

Financial Summary
Fourth Quarter 2005

													2004												2005
2002			2003			2004			2005				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
												Profitability (in millions)
	128.1			65.5			63.1			63.8		NET INCOME		22.2			2.3			21.8			16.8			14.6			25.2			4.5			19.5
	0.6			2.5			2.8			(14.8	)	INCOME from Discontinued Operations (net of tax)		0.9			1.1			0.4			0.4			(1.0	)		0.5			(14.4	)		0.0
	127.5			63.1			60.3			78.6		INCOME from Continuing Operations (net of tax)		21.3			1.3			21.4			16.4			15.6			24.7			18.9			19.5
												Diluted EPS
	1.81			0.93			0.90			0.93		Net Income		0.32			0.03			0.31			0.24			0.21			0.37			0.07			0.28
	0.01			0.03			0.04			(0.22	)	Income from Discontinued Operations		0.01			0.02			—			0.01			(0.01	)		—			(0.21	)	—
	1.80			0.90			0.86			1.15		Income from Continuing Operations		0.31			0.01			0.31			0.23			0.22			0.37			0.28			0.28
												Ratios — Net Income
	18.43	%		8.72	%		8.83	%		9.33	%	Return on Average Common Equity		12.03	%		1.30	%		12.59	%		9.42	%		8.27	%		14.69	%		2.66	%		11.69	%
	1.38	%		0.69	%		0.69	%		0.74	%	Return on Average Assets		0.96	%		0.10	%		0.97	%		0.75	%		0.66	%		1.16	%		0.21	%		0.92	%
												Ratios — Income from Continuing Operations
	18.34	%		8.40	%		8.44	%		11.50	%	Return on Average Common Equity		11.53	%		0.70	%		12.38	%		9.20	%		8.83	%		14.38	%		11.16	%		11.69	%
	1.38	%		0.66	%		0.66	%		0.91	%	Return on Average Assets		0.92	%		0.05	%		0.95	%		0.73	%		0.71	%		1.13	%		0.88	%		0.92	%
	52.73	%		60.84	%		73.92	%		65.43	%	Efficiency Ratio		65.44	%		92.41	%		64.07	%		75.83	%		70.58	%		59.87	%		65.02	%		66.87	%
	3.54	%		3.18	%		3.08	%		3.09	%	Net Interest Margin (FTE)		3.13	%		3.13	%		3.07	%		3.00	%		3.05	%		3.07	%		3.16	%		3.09	%
												Capital Ratios:
												Risk-Based Capital Ratios (EOP):
	11.3	%		11.1	%		11.2	%		10.6	%	Tier 1		11.2	%		11.3	%		11.5	%		11.2	%		11.0	%		10.1	%		10.4	%		10.6	%
	14.9	%		14.7	%		14.9	%		14.4	%	Total		14.9	%		15.1	%		15.3	%		14.9	%		14.7	%		13.8	%		14.1	%		14.4	%
	7.6	%		7.4	%		7.7	%		7.7	%	Leverage Ratio (to Average Assets)		7.6	%		7.5	%		7.7	%		7.7	%		7.7	%		7.2	%		7.6	%		7.7	%
	7.50	%		7.86	%		7.83	%		7.92	%	Total Equity to Assets (Averages)		7.96	%		7.74	%		7.70	%		7.93	%		7.99	%		7.88	%		7.91	%		7.91	%
												Per Common Share Data:
	0.63			0.69			0.72			0.76		Cash Dividends Declared		0.18			0.18			0.18			0.18			0.19			0.19			0.19			0.19
	35	%		74	%		80	%		81	%	Dividend Payout Ratio		57	%		548	%		58	%		74	%		90	%		51	%		288	%		66	%
	10.67			10.31			10.16			9.61		Book Value (EOP)		10.73			9.66			10.32			10.16			9.72			10.18			9.84			9.61
	20.99			20.72			24.63			21.64		Market Value (EOP)		21.52			23.65			23.66			24.63			20.30			21.40			21.22			21.64
												Other Statistics
	2,752			2,842			2,565			2,572		Full Time Equivalent Employees (1)		2,758			2,724			2,582			2,565			2,549			2,616			2,599			2,572

FTE — Fully taxable equivalent basis

EOP — End of period actual balances

(1) Based on the number of employees associated with continuing operations.

PAGE 1

Old National Bancorp
INCOME STATEMENT
( $ In Millions except EPS information)

Twelve Months					Change							Fourth Quarter					Change
2005			2004		$			%				2005			2004		$			%
$	446.8		$	441.0	$	5.7			1.3	%	Interest Income (FTE)	$	114.7		$	108.0	$	6.8			6.3	%
	206.1			185.4		20.7			11.2	%	Less: Interest Expense		55.9			46.8		9.2			19.6	%
	240.7			255.7		(15.0	)		-5.9	%	Net Interest Income (FTE)		58.8			61.2		(2.4	)		-3.9	%
	20.3			20.4		(0.1	)		-0.6	%	Wealth Management Fees		4.7			5.3		(0.5	)		-10.1	%
	47.2			48.5		(1.3	)		-2.7	%	Service Charges on Deposit Accounts		11.5			12.7		(1.2	)		-9.7	%
	35.2			32.8		2.5			7.6	%	Insurance Premiums and Commissions		8.6			8.0		0.6			7.9	%
	9.0			12.0		(3.0	)		-25.4	%	Investment Product Fees		1.8			2.5		(0.7	)		-27.3	%
	4.9			8.5		(3.6	)		-42.1	%	Mortgage Banking Revenue		0.5			1.4		(0.9	)		-63.7	%
	45.9			27.0		18.8			69.7	%	Other Income		22.9			6.4		16.5			259.7	%
	162.4			149.2		13.3			8.9	%	Total Fees, Service Charges & Other Rev.		50.0			36.2		13.8			38.0	%
	0.9			2.9		(2.0	)		-69.3	%	Gains (Losses) Sales of Securities		(0.3	)		0.6		(0.9	)		-143.7	%
	(3.4	)		10.8		(14.2	)		-131.8	%	Gains (Losses) Derivatives		(4.1	)		0.3		(4.4	)		N/M
	159.9			162.9		(3.0	)		-1.8	%	Total Noninterest Income		45.7			37.2		8.5			22.9	%
	400.6			418.5		(18.0	)		-4.3	%	Total Revenues (FTE)		104.5			98.4		6.1			6.2	%
	147.8			171.9		(24.1	)		-14.0	%	Salaries and Employee Benefits		34.1			41.3		(7.1	)		-17.3	%
	20.4			19.3		1.1			5.5	%	Occupany		5.6			5.4		0.2			3.2	%
	14.4			14.2		0.2			1.4	%	Equipment		3.4			3.8		(0.3	)		-8.7	%
	21.2			21.6		(0.4	)		-1.8	%	Data Processing		5.4			5.5		(0.1	)		-2.6	%
	18.2			20.5		(2.4	)		-11.5	%	Marketing & Communication		4.7			5.6		(0.8	)		-15.1	%
	9.3			25.9		(16.6	)		-64.1	%	Professional Fees		2.9			2.9		(0.1	)		-1.9	%
	30.9			36.0		(5.1	)		-14.2	%	Other Expense		13.7			10.1		3.6			35.6	%
	262.1			309.4		(47.3	)		-15.3	%	Total Noninterest Expense		69.8			74.6		(4.7	)		-6.3	%
	23.1			22.4		0.7			3.1	%	Provision for loan losses		6.0			—		6.0			N/M
											Income before Income Taxes and
	115.4			86.7		28.6			33.0	%	Discontinued Operations (FTE)		28.6			23.8		4.8			20.4	%
	15.3			2.5		12.7			N/M		Income Taxes on Continuing Ops.		4.0			1.5		2.4			156.6	%
	21.5			23.9		(2.4	)		-9.9	%	FTE Adjustment		5.2			5.8		(0.6	)		-10.8	%
	36.8			26.4		10.3			39.2	%	Total Taxes (FTE)		9.1			7.4		1.8			24.3	%
	78.6			60.3		18.3			30.3	%	Net Income from Continuing Operations		19.5			16.4		3.1			18.6	%
	(14.8	)		2.8		(17.6	)		N/M		Income from Discontinued Ops., (net of tax)		—			0.4		(0.4	)		N/M
$	63.8		$	63.1	$	0.7			1.1	%	Net Income	$	19.5		$	16.8	$	2.7			15.8	%
											Diluted EPS
	1.15			0.86		0.29			33.7	%	Income from Continuing Operations		0.28			0.23		0.05			20.9	%
	(0.22	)		0.04		(0.26	)		N/M		Income from Discontinued Operations		—			0.01		(0.01	)		-100.0	%
	0.93			0.90		0.03			3.1	%	Net Income		0.28			0.24		0.04			15.8	%
											Average Common Shares Outstanding (000’s)
	68,095			69,452		(1,357	)		-2.0	%	Basic		67,323			69,132		(1,808	)		-2.6	%
	68,256			70,024		(1,768	)		-2.5	%	Diluted		67,591			70,022		(2,431	)		-3.5	%
	67,649			69,287		(1,638	)		-2.4	%	Common Shares Outstanding (EOP) (000’s)		67,649			69,287		(1,638	)		-2.4	%

FTE — Fully taxable equivalent basis

EOP — End of period actual balances

N/M = Not meaningful

PAGE 2

Old National Bancorp
NET INCOME TRENDS
Fourth Quarter 2005
( $ In Millions except EPS information)

										2004										2005
2002		2003		2004		2005				1st Qtr			2nd Qtr			3rd Qtr		4th Qtr		1st Qtr			2nd Qtr		3rd Qtr			4th Qtr
	572.6		494.8		441.0		446.8		Interest Income (FTE)		114.2			111.4			107.4		108.0		108.3			110.5		113.1			114.7
	267.9		214.4		185.4		206.1		Less: Interest Expense		48.0			45.4			45.2		46.8		47.6			50.3		52.2			55.9
	304.7		280.4		255.7		240.7		Net Interest Income (FTE)		66.2			66.0			62.3		61.2		60.8			60.2		60.9			58.8
	19.4		20.4		20.4		20.3		Wealth Management Fees		4.9			5.3			4.9		5.3		4.9			5.6		5.0			4.7
	42.0		44.9		48.5		47.2		Service Charges on Deposit Accounts		10.8			12.4			12.6		12.7		11.1			12.1		12.5			11.5
	15.2		22.4		32.8		35.2		Insurance Premiums and Commissions		9.2			8.2			7.4		8.0		9.1			9.1		8.5			8.6
	9.0		10.6		12.0		9.0		Investment Product Fees		3.2			3.8			2.5		2.5		2.6			2.3		2.2			1.8
	14.5		19.1		8.5		4.9		Mortgage Banking Revenue		(0.3	)		7.1			0.2		1.4		1.4			1.3		1.8			0.5
	35.4		23.1		27.0		45.9		Other Income		7.9			5.7			7.1		6.4		7.7			7.0		8.4			22.9
	135.4		140.5		149.2		162.4		Total Fees, Service Charges & Other Rev.		35.6			42.5			34.8		36.2		36.7			37.4		38.4			50.0
	12.4		23.6		2.9		0.9		Gains (Losses) Sales of Securities		2.0			—			0.3		0.6		(0.5	)		1.0		0.7			(0.3	)
	26.0		8.9		10.8		(3.4	)	Gains (Losses) Derivatives		9.3			(9.2	)		10.5		0.3		(2.9	)		8.1		(4.6	)		(4.1	)
	173.8		172.9		162.9		159.9		Total Noninterest Income		46.9			33.2			45.6		37.2		33.3			46.5		34.5			45.7
	478.5		453.4		418.5		400.6		Total Revenues (FTE)		113.1			99.3			107.8		98.4		94.0			106.7		95.4			104.5
	144.5		151.4		171.9		147.8		Salaries and Employee Benefits		44.2			48.1			38.3		41.3		39.0			38.7		35.9			34.1
	16.0		17.0		19.3		20.4		Occupany		4.6			4.4			4.9		5.4		5.0			5.1		4.6			5.6
	15.0		13.8		14.2		14.4		Equipment		3.4			3.4			3.6		3.8		3.5			3.9		3.6			3.4
	13.6		18.9		21.6		21.2		Data Processing		5.1			5.8			5.3		5.5		5.4			5.3		5.1			5.4
	22.6		22.0		20.5		18.2		Marketing & Communication		5.2			4.6			5.2		5.6		4.4			4.8		4.2			4.7
	8.8		8.8		25.9		9.3		Professional Fees		3.0			16.9			3.1		2.9		2.1			2.0		2.3			2.9
	31.8		44.0		36.0		30.9		Other Expense		8.5			8.6			8.8		10.1		6.8			4.0		6.3			13.7
	252.3		275.8		309.4		262.1		Total Noninterest Expense		74.0			91.7			69.1		74.6		66.4			63.9		62.0			69.8
	33.5		85.0		22.4		23.1		Provision for Loan Losses		7.5			7.5			7.4		—		5.1			6.0		6.0			6.0
	192.7		92.6		86.7		115.4		Income before Taxes and Disco. Ops (FTE)		31.6			0.0			31.4		23.8		22.6			36.8		27.4			28.6
	40.1		4.4		2.5		15.3		Income Taxes on Continuing Ops.		4.2			(7.3	)		4.0		1.5		1.4			6.6		3.2			4.0
	25.2		25.1		23.9		21.5		FTE Adjustment		6.1			6.0			6.0		5.8		5.6			5.5		5.2			5.2
	65.2		29.5		26.4		36.8		Total Taxes (FTE)		10.3			(1.2	)		10.0		7.4		7.0			12.1		8.5			9.1
	127.5		63.1		60.3		78.6		Net Income from Continuing Operations		21.3			1.3			21.4		16.4		15.6			24.7		18.9			19.5
	0.6		2.5		2.8		(14.8	)	Income from Discontinued Ops., (net of tax)		0.9			1.1			0.4		0.4		(1.0	)		0.5		(14.4	)	—
	128.1		65.5		63.1		63.8		Net Income		22.2			2.3			21.8		16.8		14.6			25.2		4.5			19.5
									Diluted EPS
	1.80		0.90		0.86		1.15		Income from Continuing Operations		0.31			0.01			0.31		0.23		0.22			0.37		0.28			0.28
	0.01		0.03		0.04		(0.22	)	Income from Discontinued Operations		0.01			0.02			—		0.01		(0.01	)		—		(0.21	)	—
	1.81		0.93		0.90		0.93		Net Income		0.32			0.03			0.31		0.24		0.21			0.37		0.07			0.28
	70,536		70,118		69,452		68,095		Average Basic Common Shares (000’s)		69,677			69,651			69,353		69,132		68,589			68,471		68,011			67,323
	70,673		70,174		70,024		68,256		Average Diluted Common Shares (000’s)		69,783			70,160			70,067		70,022		68,787			68,488		68,331			67,591

FTE — Fully taxable equivalent basis

PAGE 3

Old National Bancorp
Balance Sheet (EOP)
Fourth Quarter 2005
($ in Millions)

										Change from Prior Year
	12/31/2005			09/30/2005			12/31/2004			$			%
Assets
Securities:
Treasury & Government Sponsored Agencies	$	509.7		$	435.1		$	699.3		$	(189.6	)		-27.1	%
Municipals		488.4			485.2			597.6			(109.3	)		-18.3	%
Mortgage Backed		1,253.3			1,329.9			1,445.1			(191.8	)		-13.3	%
Fed Funds Sold		123.9			2.5			—			123.9			N/M
Other (1)		298.2			293.6			283.0			15.2			5.4	%
Total Investments (1)		2,673.5			2,546.4			3,025.1			(351.5	)		-11.6	%
Residential Real Estate Loans Held for Sale		43.8			49.5			22.5			21.3			94.8	%
Loans:
Commercial Loans & Leases		1,553.7			1,650.6			1,550.6			3.1			0.2	%
Commercial & Agriculture Real Estate		1,534.4			1,613.0			1,653.1			(118.7	)		-7.2	%
Consumer:
Home Equity		337.4			361.5			363.8			(26.4	)		-7.3	%
Other Consumer Loans		924.4			936.2			841.8			82.6			9.8	%
Subtotal		4,349.9			4,561.2			4,409.4			(59.5	)		-1.3	%
Residential Real Estate		543.9			547.7			555.4			(11.5	)		-2.1	%
Total Loans		4,893.8			5,108.9			4,964.8			(71.0	)		-1.4	%
Total Earning Assets		7,611.2			7,704.8			8,012.4			(401.2	)		-5.0	%
Allowance for Loan Losses		(78.8	)		(81.4	)		(85.7	)		6.9			8.0	%
Nonearning Assets:
Cash and Due from Banks		245.4			199.2			204.7			40.7			19.9	%
Premises & Equipment		199.9			212.0			212.8			(12.9	)		-6.1	%
Goodwill & Intangible Assets		136.3			137.0			168.8			(32.5	)		-19.2	%
Other Assets		378.1			363.7			385.4			(7.2	)		-1.9	%
Total Nonearning Assets		959.7			911.8			971.7			(11.9	)		-1.2	%
Total Assets	$	8,492.0		$	8,535.3		$	8,898.3		$	(406.3	)		-4.6	%
Liabilities and Equity
Noninterest-bearing Demand Deposits	$	891.5		$	872.5		$	851.2		$	40.3			4.7	%
NOW Accounts		1,640.7			1,614.5			1,920.5			(279.8	)		-14.6	%
Savings Accounts		480.4			483.9			480.4			(0.0	)		0.0	%
Money Market Accounts		869.0			809.6			573.3			295.7			51.6	%
Other Time under $100,000		1,378.0			1,449.4			1,527.3			(149.4	)		-9.8	%
Other Time $100,000 & over		840.9			775.6			675.8			165.0			24.4	%
Total Core Deposits		6,100.5			6,005.5			6,028.6			71.9			1.2	%
Borrowed Funds:
Short-term Borrowings		302.8			351.0			347.4			(44.6	)		-12.8	%
Brokered CD’s		365.1			367.9			390.1			(25.0	)		-6.4	%
Long-term Borrowings		954.9			1,034.0			1,307.0			(352.0	)		-26.9	%
Total Borrowed Funds		1,622.8			1,752.8			2,044.4			(421.6	)		-20.6	%
Accrued Expenses & Other Liabilities		118.8			107.9			121.2			(2.4	)		-2.0	%
Total Liabilities		7,842.1			7,866.2			8,194.2			(352.1	)		-4.3	%
Common Stock, Capital Surplus & Retained Earnings		671.7			673.7			699.7			(28.1	)		-4.0	%
Other Comprehensive Income		(21.8	)		(4.6	)		4.3			(26.1	)		N/M
Total Shareholders Equity		649.9			669.1			704.1			(54.2	)		-7.7	%
Total Liabilities & Shareholders Equity	$	8,492.0		$	8,535.3		$	8,898.3		$	(406.3	)		-4.6	%

EOP — End of period actual balances
N/M = Not meaningful
(1)	Includes money market investments.

PAGE 4

Old National Bancorp
Balance Sheet Trends
PERIOD AVERAGES
($ in Millions)

2002			2003			2004			2005				2004												2005
													1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
												Assets
												Securities:
$	593.0		$	629.0		$	640.4		$	574.1		Treasury & Gov’t Sponsored Agencies	$	586.9		$	602.4		$	658.8		$	713.5		$	693.2		$	610.6		$	508.9		$	483.9
	656.1			667.5			638.4			536.9		Municipals		652.1			641.3			635.2			625.0			592.5			566.2			507.0			481.9
	1,341.7			1,709.9			1,422.5			1,346.9		Mortgage Backed		1,483.9			1,429.9			1,347.8			1,428.3			1,447.8			1,356.8			1,288.1			1,294.9
	5.1			4.9			68.0			12.6		Fed Funds Sold		3.4			8.9			171.5			88.1			0.6			0.3			4.0			45.7
	141.2			143.8			180.4			298.4		Other (1)		172.1			169.5			171.5			208.6			289.4			300.9			302.3			300.9
	2,737.1			3,155.1			2,949.7			2,769.0		Total Investments (1)		2,898.4			2,852.0			2,984.8			3,063.6			3,023.5			2,834.8			2,610.3			2,607.3
	44.4			60.3			22.3			36.2		Residential Real Estate Loans Held for Sale		17.0			26.5			22.9			22.8			22.3			35.6			43.7			43.2
												Loans:
	1,690.4			1,686.7			1,611.1			1,578.2		Commercial Loans & Leases		1,601.5			1,636.2			1,604.2			1,602.6			1,503.9			1,580.3			1,623.8			1,605.0
	1,844.5			1,866.1			1,767.5			1,604.2		Commercial & Agriculture Real Estate		1,838.4			1,803.8			1,749.4			1,678.5			1,636.0			1,619.4			1,613.0			1,548.4
												Consumer:
	229.4			295.8			348.9			357.6		Home Equity		334.8			344.1			353.2			363.4			362.7			360.1			361.4			346.3
	827.3			799.8			847.6			889.9		Other Consumer Loans		833.1			838.9			857.5			861.0			861.2			861.1			910.9			926.3
	4,591.6			4,648.3			4,575.1			4,429.9		Subtotal		4,607.8			4,623.1			4,564.2			4,505.5			4,363.7			4,420.9			4,509.1			4,426.0
	1,242.2			942.8			743.2			548.5		Residential Real Estate		938.2			933.6			545.2			556.0			554.4			549.4			550.5			539.8
	5,833.8			5,591.1			5,318.4			4,978.5		Total Loans		5,546.0			5,556.7			5,109.4			5,061.5			4,918.1			4,970.3			5,059.6			4,965.8
	8,615.3			8,806.6			8,290.4			7,783.6		Total Earning Assets		8,461.4			8,435.1			8,117.1			8,147.9			7,963.9			7,840.8			7,713.6			7,616.3
	(81.4	)		(89.1	)		(97.8	)		(82.9	)	Allowance for Loan Losses		(98.1	)		(101.3	)		(96.1	)		(95.7	)		(86.6	)		(84.3	)		(81.1	)		(79.8	)
	730.0			838.5			930.9			925.8		Nonearning Assets		897.9			919.7			955.8			950.2			939.9			964.5			919.1			879.6
$	9,263.9		$	9,556.0		$	9,123.5		$	8,626.5		Total Assets	$	9,261.1		$	9,253.6		$	8,976.9		$	9,002.4		$	8,817.2		$	8,721.0		$	8,551.6		$	8,416.2
												Liabilities and Equity
$	712.3		$	752.8		$	803.1		$	837.6		Noninterest-bearing Demand Deposits	$	771.4		$	797.8		$	814.2		$	828.9		$	836.7		$	834.3		$	843.9		$	835.4
	1,215.9			1,504.7			1,735.6			1,754.9		NOW Accounts		1,597.3			1,691.2			1,769.2			1,884.7			1,883.7			1,832.4			1,687.7			1,615.8
	462.6			479.3			471.3			485.3		Savings Accounts		456.8			474.9			479.0			474.6			484.0			487.7			491.6			478.0
	644.0			612.0			587.0			695.0		Money Market Accounts		602.9			586.2			582.3			576.4			579.7			643.3			724.7			832.2
	3,146.4			2,766.7			2,449.3			2,202.4		Other Time		2,602.5			2,500.2			2,394.0			2,300.5			2,201.5			2,205.7			2,222.7			2,179.6
	6,181.3			6,115.5			6,046.3			5,975.2		Total Core Deposits		6,030.9			6,050.4			6,038.7			6,065.1			5,985.7			6,003.4			5,970.6			5,941.0
												Borrowed Funds:
	689.0			687.6			406.1			388.2		Short-term Borrowings		464.5			507.7			308.4			343.9			415.4			437.2			388.6			311.4
	321.4			296.0			375.3			376.2		Brokered CD’s		361.2			378.4			375.9			385.5			384.6			380.3			372.4			367.4
	1,278.7			1,577.1			1,463.5			1,094.6		Long-term Borrowings		1,551.1			1,486.6			1,443.3			1,372.9			1,218.5			1,102.1			1,044.0			1,013.9
	2,289.0			2,560.7			2,244.9			1,858.9		Total Borrowed Funds		2,376.8			2,372.7			2,127.6			2,102.3			2,018.5			1,919.6			1,805.0			1,692.6
	98.6			128.8			117.8			108.7		Accrued Expenses & Other Liabilities		116.2			114.0			119.5			121.4			108.1			110.9			99.4			116.6
	8,568.8			8,805.0			8,408.9			7,942.9		Total Liabilities		8,524.0			8,537.2			8,285.8			8,288.8			8,112.3			8,033.9			7,875.1			7,750.2
	662.7			717.4			708.0			689.3		Common Stock, Surplus & Retained Earnings		713.8			713.2			703.2			701.7			699.5			695.1			681.3			681.2
	32.4			33.6			6.6			(5.6	)	Other Comprehensive Income		23.3			3.2			(12.1	)		11.8			5.5			(8.0	)		(4.8	)		(15.2	)
	695.1			751.0			714.6			683.6		Total Shareholders Equity		737.2			716.4			691.1			713.6			704.9			687.1			676.5			666.0
$	9,263.9		$	9,556.0		$	9,123.5		$	8,626.5		Total Liabilities & Shareholders Equity	$	9,261.1		$	9,253.6		$	8,976.9		$	9,002.4		$	8,817.2		$	8,721.0		$	8,551.6		$	8,416.2

(1) Includes money market investments.

PAGE 5

Old National Bancorp
Interest Rate Trends (FTE basis)
PERIOD AVERAGES

													2004												2005
2002			2003			2004			2005				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
												Earning Assets:
												Securities:
	4.55	%		3.83	%		3.18	%		3.44	%	Treasury and Gov’t Sponsored Agencies		3.39	%		3.20	%		3.16	%		3.02	%		3.10	%		3.28	%		3.64	%		3.89	%
	7.13	%		7.02	%		6.92	%		6.88	%	Municipals		6.87	%		6.97	%		6.98	%		6.86	%		6.87	%		6.90	%		6.86	%		6.91	%
	5.45	%		4.12	%		4.18	%		4.24	%	Mortgage Backed		4.19	%		4.13	%		4.24	%		4.15	%		4.15	%		4.21	%		4.26	%		4.36	%
	1.64	%		1.15	%		1.56	%		4.19	%	Fed Funds Sold		0.71	%		0.62	%		1.46	%		1.88	%		2.49	%		3.78	%		3.74	%		4.25	%
	5.26	%		4.28	%		3.62	%		4.50	%	Other (1)		3.39	%		3.42	%		3.67	%		3.94	%		4.18	%		4.40	%		4.69	%		4.73	%
	5.64	%		4.68	%		4.46	%		4.61	%	Total Investments (1)		4.58	%		4.52	%		4.39	%		4.36	%		4.44	%		4.57	%		4.69	%		4.78	%
												Loans:
	6.58	%		5.61	%		5.41	%		6.39	%	Commercial Loans & Leases		5.44	%		5.26	%		5.37	%		5.58	%		6.02	%		6.32	%		6.45	%		6.75	%
	6.93	%		5.87	%		5.70	%		6.36	%	Commercial & Agriculture Real Estate		5.67	%		5.59	%		5.79	%		5.75	%		6.13	%		6.16	%		6.42	%		6.74	%
												Consumer:
	5.21	%		5.12	%		5.17	%		6.28	%	Home Equity		5.00	%		5.00	%		5.15	%		5.49	%		5.84	%		6.13	%		6.35	%		6.82	%
	8.83	%		8.00	%		7.16	%		6.93	%	Other Consumer Loans		7.41	%		7.21	%		7.07	%		6.95	%		6.91	%		6.95	%		7.01	%		6.85	%
	7.06	%		6.10	%		5.83	%		6.48	%	Subtotal		5.85	%		5.72	%		5.83	%		5.90	%		6.22	%		6.36	%		6.54	%		6.77	%
	7.32	%		6.37	%		5.60	%		5.47	%	Residential Real Estate (2)		5.84	%		5.61	%		5.42	%		5.38	%		5.40	%		5.48	%		5.50	%		5.49	%
	7.11	%		6.14	%		5.79	%		6.36	%	Total Loans (2)		5.85	%		5.70	%		5.79	%		5.84	%		6.12	%		6.26	%		6.42	%		6.62	%
	6.65	%		5.62	%		5.32	%		5.74	%	Total Earning Assets		5.41	%		5.30	%		5.28	%		5.28	%		5.48	%		5.65	%		5.84	%		6.00	%
												Interest-bearing Liabilities:
	1.24	%		0.90	%		0.94	%		1.44	%	NOW Accounts		0.75	%		0.84	%		0.99	%		1.14	%		1.27	%		1.39	%		1.48	%		1.65	%
	1.18	%		0.73	%		0.47	%		0.87	%	Savings Accounts		0.44	%		0.45	%		0.50	%		0.50	%		0.61	%		0.74	%		0.98	%		1.13	%
	1.55	%		0.94	%		1.10	%		2.71	%	Money Market Accounts		0.83	%		0.86	%		1.17	%		1.54	%		1.99	%		2.37	%		2.88	%		3.30	%
	4.58	%		3.96	%		3.25	%		3.32	%	Other Time		3.58	%		3.25	%		3.07	%		3.07	%		3.14	%		3.23	%		3.34	%		3.57	%
	3.19	%		2.47	%		1.99	%		2.36	%	Total Interest-bearing Deposits		2.13	%		1.95	%		1.92	%		1.97	%		2.09	%		2.24	%		2.44	%		2.69	%
												Borrowed Funds:
	1.59	%		1.06	%		0.96	%		2.48	%	Short-term Borrowings		0.86	%		0.84	%		0.91	%		1.31	%		1.97	%		2.45	%		2.71	%		2.92	%
	4.98	%		4.92	%		4.71	%		4.64	%	Brokered CD’s		4.87	%		4.72	%		4.67	%		4.60	%		4.56	%		4.67	%		4.66	%		4.65	%
	5.18	%		3.81	%		4.05	%		5.26	%	Long-term Borrowings		3.83	%		3.89	%		4.10	%		4.40	%		4.89	%		5.25	%		5.22	%		5.77	%
	4.07	%		3.20	%		3.60	%		4.55	%	Total Borrowed Funds		3.41	%		3.37	%		3.74	%		3.93	%		4.23	%		4.49	%		4.57	%		5.00	%
	3.45	%		2.71	%		2.48	%		2.95	%	Total Interest-bearing Liabilities		2.53	%		2.39	%		2.44	%		2.54	%		2.69	%		2.85	%		2.99	%		3.26	%
	3.19	%		2.91	%		2.84	%		2.79	%	Net Interest Rate Spread		2.88	%		2.91	%		2.83	%		2.75	%		2.79	%		2.80	%		2.85	%		2.73	%
	3.54	%		3.18	%		3.08	%		3.09	%	Net Interest Margin		3.13	%		3.13	%		3.07	%		3.00	%		3.05	%		3.07	%		3.16	%		3.09	%

FTE — Fully taxable equivalent basis
(1)	Includes money market investments.
(2)	Includes residential loans held for sale.

Page 6

Old National Bancorp
Asset Quality (EOP)
($ in Millions)

													2004												2005
2002			2003			2004			2005				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
	74.2			87.7			95.2			85.7		Beginning allowance for loan losses		95.2			100.6			95.1			96.3			85.7			86.3			80.6			81.4
	33.5			85.0			22.4			23.1		Provision for loan losses		7.5			7.5			7.4			—			5.1			6.0			6.0			6.0
	—			(9.3	)		0.7			—		Transfer to Allow. Unfunded Commitments		1.4			(0.6	)		—			—			—			—			—			—
	(27.6	)		(61.6	)		(41.2	)		(36.1	)	Gross charge-offs		(5.7	)		(12.7	)		(11.0	)		(11.9	)		(6.3	)		(8.7	)		(9.4	)		(11.6	)
	—			(14.7	)		(4.6	)		(5.3	)	Write-downs from loans sold		—			(1.2	)		—			(3.4	)		—			(5.3	)		—			—
	7.6			8.2			13.2			11.5		Gross recoveries		2.2			1.4			4.9			4.7			1.8			2.4			4.1			3.1
	(20.0	)		(68.1	)		(32.6	)		(30.0	)	Net Charge-offs		(3.5	)		(12.5	)		(6.1	)		(10.6	)		(4.5	)		(11.7	)		(5.3	)		(8.5	)
	87.7			95.2			85.7			78.8		Ending allowance for loan losses		100.6			95.1			96.3			85.7			86.3			80.6			81.4			78.8
	0.34	%		1.21	%		0.61	%		0.60	%	Net Charge-offs / Average Loans (1)		0.25	%		0.89	%		0.48	%		0.83	%		0.37	%		0.93	%		0.41	%		0.68	%
	5,878.3			5,651.4			5,340.7			5,014.7		Average Loans Outstanding (1)		5,563.0			5,583.2			5,132.3			5,084.3			4,940.4			5,005.9			5,103.2			5,009.0
	5,769.6			5,586.5			4,987.3			4,937.6		EOP Loans Outstanding (1)		5,577.5			5,134.0			5,103.7			4,987.3			4,972.0			5,071.8			5,158.5			4,937.6
	1.52	%		1.70	%		1.72	%		1.60	%	Allowance for Loan Loss / EOP Loans(1)		1.80	%		1.85	%		1.89	%		1.72	%		1.74	%		1.59	%		1.58	%		1.60	%
												Underperforming Assets:
	9.5			5.1			2.4			1.8		Loans 90 days and over (still accruing)		2.3			1.4			6.7			2.4			1.8			2.4			1.9			1.8
												Non-performing loans:
	100.3			104.6			54.9			55.6		Nonaccrual loans		107.1			97.6			106.0			54.9			55.2			49.0			58.8			55.6
	—			—			—			—		Renegotiated loans		—			—			—			—			—			—			—			—
	100.3			104.6			54.9			55.6		Total non-performing loans		107.1			97.6			106.0			54.9			55.2			49.0			58.8			55.6
	7.9			8.8			8.3			3.6		Foreclosed properties		5.3			3.9			3.8			8.3			5.1			4.3			3.4			3.6
	117.7			118.5			65.6			61.0		Total Underperforming Assets		114.8			102.9			116.6			65.6			62.0			55.8			64.1			61.0
	1.74	%		1.87	%		1.10	%		1.13	%	Non-performing loans / EOP Loans (1)		1.92	%		1.90	%		2.08	%		1.10	%		1.11	%		0.97	%		1.14	%		1.13	%
	87	%		91	%		156	%		142	%	Allowance to Non-performing Loans		94	%		97	%		91	%		156	%		156	%		165	%		138	%		142	%
	2.04	%		2.12	%		1.32	%		1.24	%	Under-performing Assets / EOP Loans (1)		2.06	%		2.00	%		2.28	%		1.32	%		1.25	%		1.10	%		1.24	%		1.24	%
	9,612.6			9,363.2			8,898.3			8,492.0		EOP Total Assets		9,267.3			9,041.5			8,981.7			8,898.3			8,793.0			8,648.5			8,535.3			8,492.0
	1.22	%		1.27	%		0.74	%		0.72	%	Under-performing Assets / EOP Assets		1.24	%		1.14	%		1.30	%		0.74	%		0.71	%		0.64	%		0.75	%		0.72	%

	EOP — End of period actual balances
(1)	Includes residential loans held for sale.

Page 7