Old National Bancorp (ONB) 8-K Old National Reports Third-quarter Earnings of $17.0 Million, or $.26 Per Share

Exhibit: 99.2

Old National Bancorp

Financial Trends
Third Quarter 2008
October 27, 2008

Please direct inquiries to:

Christopher A. Wolking, Senior Executive Vice President & Chief Financial Officer (812) 464-1322 orJoan M. Kissel, Senior Vice President & Corporate Controller (812) 465-7290

Notes:	•	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 restated the year ended December 31, 2004. For additional information regarding this restatement, see Form 8-K filed on January 31, 2006.

Old National Bancorp

Financial Summary
Third Quarter 2008

													2007												2008
2004			2005			2006			2007				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
												Profitability (in millions)
$	63.1		$	63.8		$	79.4		$	74.9		NET INCOME	$	10.8		$	19.6		$	22.6		$	22.0		$	19.3		$	19.5		$	17.0
	2.8			(14.8	)		—			—		INCOME from Discontinued Operations (net of tax)		—			—			—			—			—			—			—
	60.3			78.6			79.4			74.9		INCOME from Continuing Operations (net of tax)		10.8			19.6			22.6			22.0			19.3			19.5			17.0
												Diluted EPS
$	0.90		$	0.93		$	1.20		$	1.14		Net Income	$	0.16		$	0.30		$	0.34		$	0.34		$	0.29		$	0.30		$	0.26
	0.04			(0.22	)		—			—		Income from Discontinued Operations		—			—			—			—			—			—			—
	0.86			1.15			1.20			1.14		Income from Continuing Operations		0.16			0.30			0.34			0.34			0.29			0.30			0.26
												Ratios — Net Income
	8.83	%		9.31	%		12.43	%		11.67	%	Return on Average Common Equity		6.74	%		12.30	%		14.22	%		13.39	%		11.51	%		11.58	%		10.50	%
	0.69	%		0.74	%		0.97	%		0.94	%	Return on Average Assets		0.52	%		0.96	%		1.15	%		1.14	%		1.01	%		1.03	%		0.90	%
												Ratios — Income from Continuing Operations
	8.44	%		11.47	%		12.43	%		11.67	%	Return on Average Common Equity		6.74	%		12.30	%		14.22	%		13.39	%		11.51	%		11.58	%		10.50	%
	0.66	%		0.91	%		0.97	%		0.94	%	Return on Average Assets		0.52	%		0.96	%		1.15	%		1.14	%		1.01	%		1.03	%		0.90	%
	73.92	%		65.58	%		68.54	%		71.01	%	Efficiency Ratio		80.44	%		70.31	%		67.46	%		66.84	%		63.87	%		68.37	%		70.03	%
	3.08	%		3.09	%		3.15	%		3.28	%	Net Interest Margin (FTE)		3.00	%		3.20	%		3.37	%		3.56	%		3.68	%		3.85	%		3.79	%
												Capital Ratios:
												Risk-Based Capital Ratios (EOP):
	11.2	%		10.6	%		11.1	%		10.6	%	Tier 1		9.8	%		10.1	%		10.5	%		10.6	%		11.0	%		11.2	%		11.4	%
	14.9	%		14.4	%		14.5	%		13.3	%	Total		13.1	%		13.4	%		13.9	%		13.3	%		13.8	%		14.1	%		14.3	%
	7.7	%		7.7	%		8.0	%		7.7	%	Leverage Ratio (to Average Assets)		7.1	%		7.3	%		7.7	%		7.7	%		8.0	%		8.2	%		8.3	%
	7.83	%		7.94	%		7.81	%		8.04	%	Total Equity to Assets (Averages)		7.77	%		7.83	%		8.08	%		8.51	%		8.75	%		8.86	%		8.57	%
												Per Common Share Data:
	0.72			0.76			0.84			1.11		Cash Dividends Declared (1)		0.22			0.22			0.22			0.45			—			0.23			0.23
	80	%		81	%		70	%		97	%	Dividend Payout Ratio (1)		134	%		74	%		64	%		134	%		—			77	%		89	%
	10.16			9.61			9.66			9.86		Book Value (EOP)		9.65			9.45			9.78			9.86			10.20			9.80			9.59
	24.63			21.64			18.92			14.96		Market Value (EOP)		18.18			16.61			16.57			14.96			18.00			14.26			20.02
												Other Statistics
	2,565			2,572			2,568			2,494		Full Time Equivalent Employees (2)		2,572			2,535			2,481			2,494			2,478			2,499			2,489

FTE — Fully taxable equivalent basis
EOP — End of period actual balances
(1)	The 1st Qtr 2008 dividend was declared in December 2007 and is included in the 2007 totals.
(2)	Based on the number of employees associated with continuing operations.

PAGE 1

Old National Bancorp

INCOME STATEMENT
($ In Millions except EPS information)

Nine Months						Change							Third Quarter						Change
2008			2007			$			%				2008			2007			$			%
$	311.1		$	363.0		$	(51.9	)		-14.3	%	Interest Income (FTE)	$	100.6		$	120.3		$	(19.7	)		-16.4	%
	116.4			188.8			(72.4	)		-38.3	%	Less: Interest Expense		36.1			60.7			(24.6	)		-40.6	%
	194.6			174.1			20.5			11.7	%	Net Interest Income (FTE)		64.5			59.5			5.0			8.3	%
	13.6			14.3			(0.6	)		-4.4	%	Wealth Management Fees		4.2			4.6			(0.4	)		-8.6	%
	33.4			33.0			0.4			1.2	%	Service Charges on Deposit Accounts		11.8			11.5			0.3			2.9	%
	13.0			10.5			2.5			24.1	%	ATM Fees		4.5			3.8			0.7			19.6	%
	4.0			3.3			0.7			20.8	%	Mortgage Banking Revenue		1.4			1.2			0.2			14.2	%
	30.2			29.7			0.5			1.6	%	Insurance Premiums and Commissions		8.8			8.9			(0.1	)		-1.2	%
	7.5			8.3			(0.8	)		-9.9	%	Investment Product Fees		2.3			2.7			(0.3	)		-12.7	%
	8.4			7.2			1.3			17.4	%	Company-owned Life Insurance		2.9			2.4			0.5			20.9	%
	13.9			8.1			5.8			71.6	%	Other Income		3.2			2.9			0.3			12.1	%
	123.9			114.3			9.7			8.5	%	Total Fees, Service Charges & Other Rev.		39.1			37.9			1.3			3.3	%
	6.6			(3.2	)		9.8			N/M		Gains (Losses) Sales of Securities		0.0			(0.5	)		0.5			N/M
	(1.2	)		(0.0	)		(1.1	)		N/M		Gains (Losses) Derivatives		(0.2	)		0.2			(0.4	)		N/M
	129.4			111.1			18.3			16.5	%	Total Noninterest Income		39.0			37.6			1.4			3.8	%
	324.0			285.2			38.8			13.6	%	Total Revenues (FTE)		103.5			97.1			6.4			6.6	%
	126.0			122.5			3.4			2.8	%	Salaries and Employee Benefits		40.5			39.6			0.8			2.1	%
	29.0			17.8			11.2			63.2	%	Occupancy		9.8			5.9			3.9			66.7	%
	7.4			8.6			(1.2	)		-13.5	%	Equipment		2.4			2.7			(0.3	)		-12.3	%
	7.8			6.3			1.5			23.8	%	Marketing		3.1			1.7			1.4			78.0	%
	14.3			14.5			(0.2	)		-1.5	%	Data Processing		4.8			4.7			0.1			2.4	%
	6.8			7.1			(0.2	)		-3.5	%	Communication		2.3			2.3			(0.0	)		-1.5	%
	5.3			5.5			(0.3	)		-4.9	%	Professional Fees		1.7			1.7			(0.0	)		-0.7	%
	4.9			4.6			0.3			6.5	%	Loan Expenses		1.9			1.5			0.3			22.4	%
	2.4			2.6			(0.2	)		-6.5	%	Supplies		0.8			0.8			(0.0	)		-1.6	%
	14.3			17.4			(3.1	)		-18.0	%	Other Expense		5.2			4.5			0.8			17.4	%
	218.2			207.0			11.3			5.4	%	Total Noninterest Expense		72.5			65.5			7.0			10.6	%
	34.4			2.4			32.0			N/M		Provision for loan losses		6.8			—			6.8			N/M
	71.3			75.8			(4.5	)		-5.9	%	Income before Income Taxes and Discontinued Operations (FTE)		24.2			31.6			(7.4	)		-23.5	%
	1.6			10.1			(8.5	)		-84.1	%	Income Taxes on Continuing Ops.		2.3			4.7			(2.5	)		-52.0	%
	13.9			12.8			1.1			8.5	%	FTE Adjustment		4.9			4.3			0.6			13.4	%
	15.5			22.9			(7.4	)		-32.4	%	Total Taxes (FTE)		7.1			9.0			(1.9	)		-20.9	%
$	55.8		$	52.9		$	2.9			5.5	%	Net Income	$	17.0		$	22.6		$	(5.5	)		-24.6	%
												EPS
$	0.85		$	0.80		$	0.05			6.1	%	Diluted Net Income	$	0.26		$	0.34		$	(0.08	)		-23.6	%
												Average Common Shares Outstanding (000’s)
	65,636			65,709			(73	)		-0.1	%	Basic		65,645			65,601			44			0.1	%
	65,738			65,766			(29	)		0.0	%	Diluted		65,790			65,658			132			0.2	%
	66,285			66,200			86			0.1	%	Common Shares Outstanding (EOP) (000’s)		66,285			66,200			86			0.1	%

FTE — Fully taxable equivalent basis

EOP — End of period actual balances

N/M = Not meaningful

PAGE 2

Old National Bancorp

NET INCOME TRENDS
Third Quarter 2008
($ In Millions except EPS information)

											2007											2008
2004		2005			2006		2007				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr		1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
$	441.0	$	446.8		$	471.2	$	478.5		Interest Income (FTE)	$	120.5		$	122.2		$	120.3		$	115.6	$	108.5		$	102.0		$	100.6
	185.4		206.1			239.0		242.2		Less: Interest Expense		64.5			63.6			60.7			53.4		44.3			36.0			36.1
	255.7		240.7			232.2		236.4		Net Interest Income (FTE)		56.0			58.6			59.5			62.2		64.2			65.9			64.5
	20.4		20.3			19.5		18.7		Wealth Management Fees		4.9			4.8			4.6			4.4		4.6			4.9			4.2
	48.5		47.2			42.3		44.8		Service Charges on Deposit Accounts		10.2			11.2			11.5			11.8		10.2			11.3			11.8
	9.5		11.1			12.1		14.5		ATM Fees		3.2			3.5			3.8			4.0		4.0			4.5			4.5
	8.5		4.9			4.1		4.4		Mortgage Banking Revenue		1.0			1.1			1.2			1.1		1.2			1.4			1.4
	32.8		35.2			41.5		39.0		Insurance Premiums and Commissions		10.6			10.2			8.9			9.3		12.1			9.3			8.8
	12.0		9.0			8.7		10.7		Investment Product Fees		2.9			2.8			2.7			2.4		2.7			2.4			2.3
	8.0		8.1			9.0		9.8		Company-owned Life Insurance		2.4			2.4			2.4			2.6		2.8			2.8			2.9
	9.5		28.3			13.8		16.1		Other Income		2.3			2.9			2.9			8.0		5.4			5.2			3.2
	149.2		164.1			150.9		158.0		Total Fees, Service Charges & Other Rev.		37.4			39.0			37.9			43.7		43.1			41.7			39.1
	2.9		0.9			1.5		(3.0	)	Gains (Losses) Sales of Securities		(2.7	)		(0.0	)		(0.5	)		0.1		4.5			2.1			0.0
	10.8		(3.4	)		1.5		0.2		Gains (Losses) Derivatives		0.0			(0.2	)		0.2			0.2		(0.7	)		(0.3	)		(0.2	)
	162.9		161.6			153.9		155.1		Total Noninterest Income		34.8			38.7			37.6			44.1		46.9			43.5			39.0
	418.5		402.3			386.2		391.5		Total Revenues (FTE)		90.8			97.3			97.1			106.3		111.1			109.5			103.5
	171.9		147.8			157.6		163.7		Salaries and Employee Benefits		41.3			41.5			39.6			41.2		42.3			43.2			40.5
	19.3		20.4			19.9		26.5		Occupancy		6.4			5.5			5.9			8.7		9.6			9.6			9.8
	14.2		14.4			12.7		11.1		Equipment		3.1			2.8			2.7			2.5		2.6			2.5			2.4
	9.8		8.3			10.4		8.4		Marketing		2.3			2.2			1.7			2.1		2.0			2.7			3.1
	21.6		21.2			18.0		19.2		Data Processing		5.1			4.8			4.7			4.7		4.6			4.9			4.8
	10.7		9.9			9.2		9.3		Communication		2.4			2.3			2.3			2.3		2.3			2.2			2.3
	25.9		9.3			7.6		7.7		Professional Fees		2.0			1.9			1.7			2.2		1.7			1.9			1.7
	6.5		5.3			5.7		6.0		Loan Expenses		1.2			1.9			1.5			1.4		1.3			1.7			1.9
	3.8		3.8			3.4		3.5		Supplies		1.0			0.8			0.8			0.9		0.9			0.7			0.8
	25.7		23.5			20.2		22.6		Other Expense		8.3			4.7			4.5			5.1		3.6			5.4			5.2
	309.4		263.8			264.7		278.0		Total Noninterest Expense		73.0			68.4			65.5			71.0		70.9			74.8			72.5
	22.4		23.1			7.0		4.1		Provision for Loan Losses		2.4			—			—			1.7		21.9			5.7			6.8
	86.7		115.4			114.5		109.4		Income before Income Taxes and Discontinued Operations (FTE)		15.3			28.9			31.6			33.6		18.2			28.9			24.2
	2.5		15.3			15.6		17.3		Income Taxes on Continuing Ops.		0.3			5.1			4.7			7.2		(5.5	)		4.8			2.3
	23.9		21.5			19.5		17.2		FTE Adjustment		4.2			4.3			4.3			4.4		4.4			4.6			4.9
	26.4		36.8			35.1		34.5		Total Taxes (FTE)		4.5			9.3			9.0			11.6		(1.1	)		9.4			7.1
	60.3		78.6			79.4		74.9		Income from Continuing Ops., (net of tax)		10.8			19.6			22.6			22.0		19.3			19.5			17.0
	2.8		(14.8	)		—		—		Income from Discontinued Ops., (net of tax)		—			—			—			—		—			—			—
$	63.1	$	63.8		$	79.4	$	74.9		Net Income	$	10.8		$	19.6		$	22.6		$	22.0	$	19.3		$	19.5		$	17.0
										Diluted EPS
$	0.86	$	1.15		$	1.20	$	1.14		Income from Continuing Operations	$	0.16		$	0.30		$	0.34		$	0.34	$	0.29		$	0.30		$	0.26
	0.04		(0.22	)		—		—		Income from Discontinued Operations		—			—			—			—		—			—			—
$	0.90	$	0.93		$	1.20	$	1.14		Net Income	$	0.16		$	0.30		$	0.34		$	0.34	$	0.29		$	0.30		$	0.26
	69,452		68,095			66,226		65,684		Average Basic Common Shares (000’s)		65,806			65,723			65,601			65,607		65,623			65,640			65,645
	70,024		68,256			66,261		65,750		Average Diluted Common Shares (000’s)		65,863			65,804			65,658			65,707		65,754			65,812			65,790

FTE — Fully taxable equivalent basis

PAGE 3

Old National Bancorp

Balance Sheet (EOP)
Third Quarter 2008
($ in Millions)

																Change from Prior Year
	9/30/2008			6/30/2008			3/31/2008			12/31/2007			9/30/2007			9/30/2008 vs. 9/30/2007						12/31/2006			12/31/2005
																$			%
Assets
Investments:
Treasury & Gov’t Sponsored Agencies	$	319.8		$	333.2		$	469.3		$	688.9		$	661.2		$	(341.4	)		-51.6	%	$	680.2		$	509.7
Mortgage-backed Securities		1,203.6			1,105.3			1,115.6			1,048.8			1,072.5			131.1			12.2	%		1,147.0			1,253.3
States & Political Subdivisions		327.4			328.0			294.3			294.9			259.6			67.8			26.1	%		273.3			488.4
Other Securities		219.4			260.8			267.5			275.9			268.7			(49.3	)		-18.3	%		275.7			265.1
Fed Funds Sold & Resell Agreements		9.3			1.2			—			—			0.2			9.1			N/M			283.5			123.9
Money Market Investments		18.6			10.3			72.8			8.5			4.1			14.5			N/M			4.1			33.1
Total Investments		2,098.0			2,038.8			2,219.6			2,317.0			2,266.2			(168.2	)		-7.4	%		2,663.7			2,673.5
Residential Real Estate Loans Held for Sale		11.1			16.6			10.2			13.0			13.3			(2.2	)		-16.5	%		16.6			43.8
Loans:
Commercial Loans & Leases		1,799.8			1,826.1			1,740.3			1,694.7			1,692.5			107.2			6.3	%		1,629.9			1,553.7
Commercial & Agriculture Real Estate		1,170.8			1,196.5			1,235.3			1,270.4			1,308.3			(137.5	)		-10.5	%		1,386.4			1,534.4
Consumer:
Home Equity		262.0			252.2			245.9			250.1			256.0			6.0			2.3	%		284.8			337.4
Other Consumer Loans		941.3			935.9			930.8			937.6			954.3			(13.0	)		-1.4	%		914.1			924.4
Subtotal of Commercial & Consumer Loans		4,173.8			4,210.7			4,152.3			4,152.9			4,211.1			(37.3	)		-0.9	%		4,215.1			4,349.9
Residential Real Estate		508.1			516.0			528.5			533.4			539.3			(31.2	)		-5.8	%		484.9			543.9
Total Loans		4,681.9			4,726.7			4,680.8			4,686.4			4,750.4			(68.4	)		-1.4	%		4,700.0			4,893.8
Total Earning Assets		6,791.1			6,782.2			6,910.6			7,016.3			7,029.9			(238.8	)		-3.4	%		7,380.3			7,611.2
Allowance for Loan Losses		(63.5	)		(62.1	)		(72.2	)		(56.5	)		(64.1	)		(0.7	)		-1.0	%		(67.8	)		(78.8	)
Nonearning Assets:
Cash and Due from Banks		166.1			223.1			228.7			255.2			192.9			(26.8	)		-13.9	%		210.3			245.4
Premises & Equipment		46.7			44.3			45.8			48.7			47.3			(0.6	)		-1.3	%		122.9			199.9
Goodwill & Intangible Assets		187.8			188.7			190.3			191.0			191.9			(4.1	)		-2.1	%		134.2			136.3
Company-owned Life Insurance		222.4			219.7			216.9			214.5			211.9			10.5			5.0	%		198.0			193.5
Other Assets		217.8			206.0			203.4			176.9			222.8			(5.0	)		-2.2	%		171.6			184.7
Total Nonearning Assets		840.7			881.7			885.1			886.3			866.7			(26.0	)		-3.0	%		837.0			959.7
Total Assets	$	7,568.3		$	7,601.8		$	7,723.5		$	7,846.1		$	7,832.5		$	(264.2	)		-3.4	%	$	8,149.5		$	8,492.0
Liabilities & Equity
Noninterest-bearing Demand Deposits	$	845.7		$	858.6		$	861.1		$	855.4		$	840.5		$	5.2			0.6	%	$	877.9		$	891.5
NOW Accounts		1,223.0			1,322.7			1,312.2			1,410.7			1,427.5			(204.5	)		-14.3	%		1,449.2			1,640.7
Savings Accounts		923.2			900.6			923.4			774.1			653.4			269.8			41.3	%		437.7			480.4
Money Market Accounts		448.7			483.2			517.8			562.1			690.4			(241.7	)		-35.0	%		925.3			869.0
Other Time under $100,000		1,209.8			1,191.2			1,125.3			1,283.0			1,330.8			(121.0	)		-9.1	%		1,369.0			1,378.0
Other Time $100,000 & over		504.6			470.3			476.4			562.1			673.3			(168.7	)		-25.0	%		932.6			840.9
Total Core Deposits		5,155.0			5,226.5			5,216.2			5,447.4			5,615.9			(461.0	)		-8.2	%		5,991.6			6,100.5
Brokered CD’s		191.3			145.9			130.3			216.0			258.6			(67.3	)		-26.0	%		329.9			365.1
Total Deposits		5,346.2			5,372.4			5,346.5			5,663.4			5,874.5			(528.3	)		-9.0	%		6,321.5			6,465.6
Short-term Borrowings		541.6			575.3			640.5			638.2			527.0			14.6			2.8	%		312.9			302.8
Long-term Borrowings		837.3			783.4			834.9			656.7			612.1			225.2			36.8	%		747.5			954.9
Total Borrowed Funds		1,379.0			1,358.7			1,475.4			1,295.0			1,139.2			239.8			21.1	%		1,060.5			1,257.7
Accrued Expenses & Other Liabilities		207.8			221.7			226.2			234.9			171.4			36.4			21.2	%		125.2			118.8
Total Liabilities		6,932.9			6,952.8			7,048.1			7,193.2			7,185.1			(252.1	)		-3.5	%		7,507.1			7,842.1
Common Stock, Surplus & Retained Earnings		692.0			689.4			684.2			664.2			671.0			21.0			3.1	%		667.5			671.7
Other Comprehensive Income		(56.7	)		(40.4	)		(8.8	)		(11.3	)		(23.6	)		(33.1	)		-139.9	%		(25.1	)		(21.8	)
Total Shareholders Equity		635.4			649.0			675.4			652.9			647.4			(12.1	)		-1.9	%		642.4			649.9
Total Liabilities & Shareholders Equity	$	7,568.3		$	7,601.8		$	7,723.5		$	7,846.1		$	7,832.5		$	(264.2	)		-3.4	%	$	8,149.5		$	8,492.0

EOP — End of period actual balances

N/M = Not meaningful

PAGE 4

Old National Bancorp

Balance Sheet Trends
PERIOD AVERAGES
($ in Millions)

													2007												2008
2004			2005			2006			2007				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
												Assets
												Investments:
$	640.4		$	574.1		$	584.3		$	636.8		Treasury & Gov’t Sponsored Agencies	$	648.8		$	595.2		$	641.5		$	661.7		$	653.4		$	405.7		$	356.5
	1,422.5			1,346.9			1,215.0			1,112.9		Mortgage-backed Securities		1,161.4			1,130.5			1,096.5			1,063.0			1,059.5			1,132.1			1,146.8
	638.4			536.9			408.5			263.7		States & Political Subdivisions		269.4			263.7			259.3			262.4			287.6			310.6			327.4
	153.3			273.9			254.6			268.6		Other Securities		272.6			263.2			260.9			277.5			276.2			265.8			252.1
	71.4			16.0			72.8			109.5		Fed Funds Sold & Resell Agreements		245.3			188.2			4.3			0.4			0.0			0.4			3.5
	23.7			21.1			14.8			7.7		Money Market Investments		5.1			11.2			5.2			9.2			12.4			31.6			18.1
	2,949.7			2,769.0			2,550.0			2,399.1		Total Investments		2,602.5			2,452.1			2,267.7			2,274.1			2,289.1			2,146.2			2,104.3
												Loans:
	1,611.1			1,578.2			1,592.3			1,679.6		Commercial Loans & Leases		1,675.9			1,687.7			1,677.5			1,677.4			1,710.3			1,772.9			1,800.9
	1,767.5			1,604.2			1,466.2			1,374.7		Commercial & Agriculture Real Estate		1,433.2			1,419.2			1,351.5			1,294.9			1,251.2			1,218.7			1,182.3
												Consumer:
	348.9			357.6			307.1			267.1		Home Equity		285.1			271.1			259.1			253.1			248.3			249.6			256.2
	847.6			889.9			929.7			937.4		Other Consumer Loans		915.7			933.4			954.0			946.5			933.0			932.3			937.7
	4,575.1			4,429.9			4,295.3			4,258.8		Subtotal of Commercial & Consumer Loans		4,309.9			4,311.3			4,242.1			4,172.0			4,142.9			4,173.5			4,177.0
	765.5			584.7			527.9			556.0		Residential Real Estate (1)		550.3			570.4			557.6			545.9			542.0			535.9			523.2
	5,340.7			5,014.7			4,823.1			4,814.9		Total Loans (1)		4,860.3			4,881.7			4,799.7			4,717.9			4,684.9			4,709.3			4,700.1
	8,290.4			7,783.6			7,373.1			7,214.0		Total Earning Assets		7,462.7			7,333.8			7,067.4			6,992.0			6,973.9			6,855.5			6,804.5
	(97.8	)		(82.9	)		(76.5	)		(68.2	)	Allowance for Loan Losses		(71.0	)		(71.7	)		(67.6	)		(62.5	)		(56.1	)		(67.9	)		(62.0	)
	930.9			925.8			876.7			839.2		Nonearning Assets		849.6			857.0			856.2			794.0			764.1			806.3			821.2
$	9,123.5		$	8,626.5		$	8,173.4		$	7,985.0		Total Assets	$	8,241.4		$	8,119.0		$	7,856.0		$	7,723.6		$	7,682.0		$	7,594.0		$	7,563.6
												Liabilities & Equity
$	803.1		$	837.6		$	800.7		$	828.5		Noninterest-bearing Demand Deposits	$	822.5		$	837.5		$	821.6		$	832.2		$	811.2		$	824.9		$	841.9
	1,735.6			1,754.9			1,429.8			1,490.4		NOW Accounts		1,542.1			1,616.6			1,452.6			1,350.4			1,310.8			1,264.7			1,204.7
	471.3			485.3			441.3			622.4		Savings Accounts		539.4			583.0			619.8			747.4			828.4			906.3			922.6
	587.0			695.0			886.2			758.6		Money Market Accounts		882.6			811.9			735.2			604.6			541.0			498.1			473.4
	2,449.3			2,202.4			2,277.9			2,134.9		Other Time		2,347.4			2,239.1			2,042.7			1,910.3			1,737.3			1,593.5			1,694.6
	6,046.3			5,975.2			5,835.8			5,834.7		Total Core Deposits		6,134.0			6,088.2			5,671.8			5,444.9			5,228.7			5,087.6			5,137.2
	375.3			376.2			338.4			291.5		Brokered CD’s		321.3			315.6			306.3			222.6			196.8			112.8			187.0
	6,421.5			6,351.3			6,174.2			6,126.2		Total Deposits		6,455.3			6,403.8			5,978.2			5,667.5			5,425.5			5,200.4			5,324.2
	406.1			388.2			402.2			461.8		Short-term Borrowings		375.0			376.4			525.0			570.8			625.4			679.6			568.4
	1,463.5			1,094.6			835.6			615.9		Long-term Borrowings		644.0			592.8			594.3			632.5			754.7			832.5			817.8
	1,869.6			1,482.8			1,237.8			1,077.7		Total Borrowed Funds		1,018.9			969.2			1,119.3			1,203.2			1,380.1			1,512.1			1,386.2
	117.8			107.1			123.0			139.3		Accrued Expenses & Other Liabilities		127.2			110.2			123.9			195.9			204.2			208.6			205.1
	8,408.9			7,941.2			7,535.1			7,343.1		Total Liabilities		7,601.4			7,483.2			7,221.3			7,066.6			7,009.7			6,921.1			6,915.5
	708.0			690.9			666.2			666.8		Common Stock, Surplus & Retained Earnings		666.9			659.1			667.5			673.7			675.9			688.7			695.0
	6.6			(5.6	)		(27.8	)		(25.0	)	Other Comprehensive Income		(26.9	)		(23.3	)		(32.9	)		(16.7	)		(3.6	)		(15.8	)		(46.9	)
	714.6			685.3			638.4			641.8		Total Shareholders Equity		640.0			635.8			634.7			656.9			672.3			672.9			648.1
$	9,123.5		$	8,626.5		$	8,173.4		$	7,985.0		Total Liabilities & Shareholders Equity	$	8,241.4		$	8,119.0		$	7,856.0		$	7,723.6		$	7,682.0		$	7,594.0		$	7,563.6

(1) Includes residential loans held for sale.

PAGE 5

Old National Bancorp

Interest Rate Trends (FTE basis)
PERIOD AVERAGES

													2007												2008
2004			2005			2006			2007				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr				3rd Qtr			4th Qtr
												Earning Assets:																			��
												Investments:
	3.18	%		3.44	%		4.55	%		5.07	%	Treasury & Gov’t Sponsored Agencies		4.87	%		5.11	%		5.14	%		5.17	%		4.66	%		4.97	%			5.03	%
	4.18	%		4.24	%		4.55	%		4.68	%	Mortgage-backed Securities		4.61	%		4.64	%		4.74	%		4.74	%		4.79	%		5.03	%			5.07	%
	6.92	%		6.88	%		6.93	%		7.07	%	States & Political Subdivisions		7.05	%		7.04	%		7.10	%		7.12	%		6.85	%		6.76	%			6.80	%
	4.14	%		4.55	%		5.14	%		5.25	%	Other Securities		5.32	%		5.11	%		5.22	%		5.33	%		5.31	%		5.30	%			5.47	%
	1.31	%		4.08	%		5.20	%		5.35	%	Fed Funds Sold, Resell Agr & Money Mkt		5.41	%		5.18	%		8.98	%		5.50	%		10.74	%		2.42	%			2.74	%
	4.46	%		4.61	%		5.01	%		5.14	%	Total Investments		5.07	%		5.10	%		5.19	%		5.22	%		5.11	%		5.26	%			5.36	%
												Loans:
	5.41	%		6.39	%		7.32	%		7.47	%	Commercial Loans & Leases		7.54	%		7.57	%		7.54	%		7.25	%		6.64	%		5.86	%			5.63	%
	5.70	%		6.36	%		7.27	%		7.56	%	Commercial & Agriculture Real Estate		7.35	%		7.73	%		7.85	%		7.31	%		6.70	%		6.25	%			6.01	%
												Consumer:
	5.17	%		6.28	%		8.04	%		8.17	%	Home Equity		8.29	%		8.27	%		8.33	%		7.78	%		6.71	%		5.49	%			5.30	%
	7.16	%		6.93	%		7.13	%		7.61	%	Other Consumer Loans		7.40	%		7.60	%		7.70	%		7.71	%		7.79	%		7.66	%			7.60	%
	5.83	%		6.48	%		7.31	%		7.57	%	Subtotal of Commercial & Consumer Loans		7.50	%		7.67	%		7.73	%		7.40	%		6.92	%		6.35	%			6.16	%
	5.60	%		5.47	%		5.54	%		5.86	%	Residential Real Estate Loans (1)		5.73	%		5.90	%		5.89	%		5.91	%		5.92	%		5.85	%			5.87	%
	5.79	%		6.36	%		7.12	%		7.38	%	Total Loans (1)		7.29	%		7.46	%		7.51	%		7.23	%		6.81	%		6.28	%			6.11	%
	5.32	%		5.74	%		6.39	%		6.63	%	Total Earning Assets		6.51	%		6.67	%		6.77	%		6.58	%		6.25	%		5.97	%			5.89	%
												Interest-bearing Liabilities:
	0.94	%		1.44	%		1.92	%		2.12	%	NOW Accounts		2.34	%		2.43	%		2.16	%		1.48	%		0.84	%		0.52	%			0.45	%
	0.47	%		0.87	%		1.28	%		2.43	%	Savings Accounts		2.35	%		2.29	%		2.50	%		2.54	%		2.03	%		1.50	%			1.46	%
	1.10	%		2.71	%		3.32	%		3.11	%	Money Market Accounts		3.55	%		3.31	%		3.06	%		2.32	%		1.71	%		1.14	%			1.04	%
	3.25	%		3.32	%		4.15	%		4.64	%	Other Time		4.64	%		4.70	%		4.63	%		4.58	%		4.26	%		3.67	%			3.52	%
	1.99	%		2.36	%		3.12	%		3.38	%	Total Interest-bearing Deposits		3.56	%		3.52	%		3.38	%		3.04	%		2.51	%		1.98	%			1.94	%
	4.71	%		4.64	%		4.57	%		4.72	%	Brokered CD’s		4.74	%		4.76	%		4.83	%		4.53	%		4.32	%		4.01	%			4.26	%
	2.18	%		2.52	%		3.21	%		3.46	%	Total Interest-bearing Deposits & CD’s		3.62	%		3.59	%		3.47	%		3.11	%		2.59	%		2.03	%			2.04	%
	0.96	%		2.48	%		3.98	%		3.94	%	Short-term Borrowings		4.11	%		4.02	%		4.12	%		3.60	%		2.53	%		1.81	%			1.79	%
	4.05	%		5.26	%		6.03	%		6.64	%	Long-term Borrowings		6.55	%		6.77	%		6.82	%		6.43	%		5.69	%		5.25	%			5.13	%
	3.37	%		4.53	%		5.37	%		5.48	%	Total Borrowed Funds		5.65	%		5.70	%		5.55	%		5.09	%		4.27	%		3.70	%			3.76	%
	2.48	%		2.95	%		3.61	%		3.80	%	Total Interest-bearing Liabilities		3.93	%		3.90	%		3.84	%		3.51	%		2.98	%		2.46	%			2.45	%
	2.84	%		2.79	%		2.78	%		2.83	%	Net Interest Rate Spread		2.58	%		2.77	%		2.93	%		3.07	%		3.27	%		3.51	%			3.45	%
	3.08	%		3.09	%		3.15	%		3.28	%	Net Interest Margin		3.00	%		3.20	%		3.37	%		3.56	%		3.68	%		3.85	%			3.79	%

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

PAGE 6

Old National Bancorp

Asset Quality (EOP)
($ in Millions)

													2007												2008
2004			2005			2006			2007				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
$	95.2		$	85.7		$	78.8		$	67.8		Beginning Allowance for Loan Losses	$	67.8		$	71.3		$	67.5		$	64.1		$	56.5		$	72.2		$	62.1
	22.4			23.1			7.0			4.1		Provision for Loan Losses		2.4			—			—			1.7			21.9			5.7			6.8
	—			—			—			5.7		Acquired from acquisition		5.7			—			—			—			—			—			—
	0.7			—			—			—		Transfer to Allow. Unfunded Commitments		—			—			—			—			—			—			—
	(41.2	)		(36.1	)		(27.9	)		(26.9	)	Gross Charge-offs		(7.7	)		(6.0	)		(4.2	)		(9.0	)		(8.7	)		(18.0	)		(8.7	)
	(4.6	)		(5.3	)		(2.8	)		(5.3	)	Write-downs from Loans Sold		—			(1.1	)		(1.4	)		(2.8	)		—			—			—
	13.2			11.5			12.7			11.1		Gross Recoveries		3.1			3.3			2.3			2.4			2.6			2.1			3.2
	(32.6	)		(30.0	)		(18.1	)		(21.1	)	Net Charge-offs		(4.6	)		(3.8	)		(3.3	)		(9.3	)		(6.1	)		(15.9	)		(5.5	)
$	85.7		$	78.8		$	67.8		$	56.5		Ending Allowance for Loan Losses	$	71.3		$	67.5		$	64.1		$	56.5		$	72.2		$	62.1		$	63.5
	0.61	%		0.60	%		0.37	%		0.44	%	Net Charge-offs / Average Loans (1)		0.38	%		0.31	%		0.28	%		0.79	%		0.52	%		1.35	%		0.46	%
$	5,340.7		$	5,014.7		$	4,823.1		$	4,814.9		Average Loans Outstanding (1)	$	4,860.3		$	4,881.7		$	4,799.7		$	4,717.9		$	4,684.9		$	4,709.3		$	4,700.1
$	4,987.3		$	4,937.6		$	4,716.6		$	4,699.4		EOP Loans Outstanding (1)	$	4,900.2		$	4,873.1		$	4,763.7		$	4,699.4		$	4,691.0		$	4,743.4		$	4,693.0
	1.73	%		1.61	%		1.44	%		1.20	%	Allowance for Loan Loss / EOP Loans (2)		1.46	%		1.39	%		1.35	%		1.20	%		1.54	%		1.31	%		1.36	%
												Underperforming Assets:
$	2.4		$	1.8		$	2.1		$	1.5		Loans 90 Days & over (still accruing)	$	0.5		$	1.0		$	2.2		$	1.5		$	1.5		$	1.6		$	1.9
												Non-performing Loans:
	54.9			55.6			41.5			40.8		Nonaccrual Loans		60.4			58.5			49.3			40.8			70.2			68.1			68.4
	—			—			0.1			—		Renegotiated Loans		0.0			0.0			—			—			—			—			—
	54.9			55.6			41.6			40.8		Total Non-performing Loans		60.5			58.5			49.3			40.8			70.2			68.1			68.4
	8.3			3.6			3.3			2.9		Foreclosed properties		3.6			2.3			7.9			2.9			2.3			3.3			3.2
$	65.6		$	61.0		$	47.0		$	45.2		Total Underperforming Assets	$	64.6		$	61.8		$	59.4		$	45.2		$	74.1		$	72.9		$	73.6
$	192.2		$	136.6		$	153.2		$	115.1		Classified Loans — “Problem Loans”	$	166.4		$	131.8		$	130.2		$	115.1		$	153.7		$	149.8		$	173.8
	148.1			83.2			119.8			103.2		Criticized Loans — “Special Mention Loans”		97.8			89.8			79.1			103.2			103.8			97.5			114.3
$	340.3		$	219.8		$	273.0		$	218.3		Total Classified & Criticized Loans	$	264.2		$	221.6		$	209.3		$	218.3		$	257.5		$	247.3		$	288.2
	1.10	%		1.13	%		0.88	%		0.87	%	Non-performing loans / EOP Loans (1)		1.23	%		1.20	%		1.04	%		0.87	%		1.50	%		1.43	%		1.46	%
	156	%		142	%		163	%		138	%	Allowance to Non-performing Loans		118	%		115	%		130	%		138	%		103	%		91	%		93	%
	1.31	%		1.24	%		1.00	%		0.96	%	Under-performing Assets / EOP Loans (1)		1.32	%		1.27	%		1.25	%		0.96	%		1.58	%		1.54	%		1.57	%
$	8,898.3		$	8,492.0		$	8,149.5		$	7,846.1		EOP Total Assets	$	8,331.6		$	7,987.7		$	7,832.5		$	7,846.1		$	7,723.5		$	7,601.8		$	7,568.3
	0.74	%		0.72	%		0.58	%		0.58	%	Under-performing Assets / EOP Assets		0.77	%		0.77	%		0.76	%		0.58	%		0.96	%		0.96	%		0.97	%

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

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