Old National Bancorp (ONB) 8-K Old National Reports Fourth-quarter Earnings of $6.6 Million, or $.10 Per Share

Exhibit 99.2

	Old National Bancorp
	Financial Trends Fourth Quarter 2008 January 26, 2009

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.

Old National Bancorp
Financial Summary
Fourth Quarter 2008

													2007												2008
2005			2006			2007			2008				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
												Profitability (in millions)
$	63.8		$	79.4		$	74.9		$	62.5		NET INCOME	$	10.8		$	19.6		$	22.6		$	22.0		$	19.3		$	19.5		$	17.0		$	6.6
	(14.8	)		—			—			—		INCOME from Discontinued Operations (net of tax)		—			—			—			—			—			—			—			—
	78.6			79.4			74.9			62.5		INCOME from Continuing Operations (net of tax)		10.8			19.6			22.6			22.0			19.3			19.5			17.0		$	6.6
												Diluted EPS
$	0.93		$	1.20		$	1.14		$	0.95		Net Income	$	0.16		$	0.30		$	0.34		$	0.34		$	0.29		$	0.30		$	0.26		$	0.10
	(0.22	)		—			—			—		Income from Discontinued Operations		—			—			—			—			—			—			—			—
	1.15			1.20			1.14			0.95		Income from Continuing Operations		0.16			0.30			0.34			0.34			0.29			0.30			0.26			0.10
												Ratios — Net Income
	9.31	%		12.43	%		11.67	%		9.49	%	Return on Average Common Equity		6.74	%		12.30	%		14.22	%		13.39	%		11.51	%		11.58	%		10.50	%		4.05	%
	0.74	%		0.97	%		0.94	%		0.82	%	Return on Average Assets		0.52	%		0.96	%		1.15	%		1.14	%		1.01	%		1.03	%		0.90	%		0.35	%
												Ratios — Income from Continuing Operations
	11.47	%		12.43	%		11.67	%		9.49	%	Return on Average Common Equity		6.74	%		12.30	%		14.22	%		13.39	%		11.51	%		11.58	%		10.50	%		4.05	%
	0.91	%		0.97	%		0.94	%		0.82	%	Return on Average Assets		0.52	%		0.96	%		1.15	%		1.14	%		1.01	%		1.03	%		0.90	%		0.35	%
	65.58	%		68.54	%		71.01	%		69.18	%	Efficiency Ratio		80.44	%		70.31	%		67.46	%		66.84	%		63.87	%		68.37	%		70.03	%		74.79	%
	3.09	%		3.15	%		3.28	%		3.82	%	Net Interest Margin (FTE)		3.00	%		3.20	%		3.37	%		3.56	%		3.68	%		3.85	%		3.79	%		3.96	%
												Capital Ratios:
												Risk-Based Capital Ratios (EOP):
	10.6	%		11.1	%		10.6	%		13.1	%	Tier 1		9.8	%		10.1	%		10.5	%		10.6	%		11.0	%		11.2	%		11.4	%		13.1	%
	14.4	%		14.5	%		13.3	%		15.4	%	Total		13.1	%		13.4	%		13.9	%		13.3	%		13.8	%		14.1	%		14.3	%		15.4	%
	7.7	%		8.0	%		7.7	%		9.7	%	Leverage Ratio (to Average Assets)		7.1	%		7.3	%		7.7	%		7.7	%		8.0	%		8.2	%		8.3	%		9.7	%
	7.94	%		7.81	%		8.04	%		8.67	%	Total Equity to Assets (Averages)		7.77	%		7.83	%		8.08	%		8.51	%		8.75	%		8.86	%		8.57	%		8.48	%
												Per Common Share Data:
	0.76			0.84			1.11			0.69		Cash Dividends Declared (1)		0.22			0.22			0.22			0.45			—			0.23			0.23			0.23
	81	%		70	%		97	%		73	%	Dividend Payout Ratio (1)		134	%		74	%		64	%		134	%		—			77	%		89	%		228	%
	9.61			9.66			9.86			9.56		Common Book Value (EOP)		9.65			9.45			9.78			9.86			10.20			9.80			9.59			9.56
	21.64			18.92			14.96			18.16		Market Value (EOP)		18.18			16.61			16.57			14.96			18.00			14.26			20.02			18.16
												Other Statistics
	2,572			2,568			2,494			2,507		Full Time Equivalent Employees (2)		2,572			2,535			2,481			2,494			2,478			2,499			2,489			2,507

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)

Twelve Months						Change							Fourth Quarter					Change
2008			2007			$			%				2008			2007		$			%
$	411.8		$	478.5		$	(66.7	)		-13.9	%	Interest Income (FTE)	$	100.8		$	115.6	$	(14.8	)		-12.8	%
	149.2			242.2			(93.0	)		-38.4	%	Less: Interest Expense		32.7			53.4		(20.6	)		-38.6	%
	262.7			236.4			26.3			11.1	%	Net Interest Income (FTE)		68.0			62.2		5.8			9.4	%
	17.4			18.7			(1.3	)		-7.2	%	Wealth Management Fees		3.7			4.4		(0.7	)		-16.3	%
	45.2			44.8			0.4			0.9	%	Service Charges on Deposit Accounts		11.8			11.8		0.0			0.3	%
	17.2			14.5			2.8			19.1	%	ATM Fees		4.2			4.0		0.2			5.8	%
	5.1			4.4			0.7			14.9	%	Mortgage Banking Revenue		1.1			1.1		(0.0	)		-2.2	%
	39.2			39.0			0.2			0.4	%	Insurance Premiums and Commissions		9.0			9.3		(0.3	)		-3.4	%
	9.5			10.7			(1.2	)		-11.5	%	Investment Product Fees		2.0			2.4		(0.4	)		-16.8	%
	9.2			9.8			(0.6	)		-6.5	%	Company-owned Life Insurance		0.7			2.6		(1.9	)		-71.7	%
	17.9			16.1			1.8			11.0	%	Other Income		4.0			8.0		(4.0	)		-50.2	%
	160.6			158.0			2.6			1.6	%	Total Fees, Service Charges & Other Rev.		36.6			43.7		(7.1	)		-16.3	%
	7.6			(3.0	)		10.6			N/M		Gains (Losses) Sales of Securities		0.9			0.1		0.8			N/M
	(1.1	)		0.2			(1.3	)		N/M		Gains (Losses) Derivatives		0.0			0.2		(0.2	)		N/M
	167.0			155.1			11.8			7.6	%	Total Noninterest Income		37.6			44.1		(6.5	)		-14.7	%
	429.6			391.5			38.1			9.7	%	Total Revenues (FTE)		105.6			106.3		(0.6	)		-0.6	%
	167.8			163.7			4.0			2.5	%	Salaries and Employee Benefits		41.8			41.2		0.6			1.5	%
	39.7			26.5			13.2			49.9	%	Occupancy		10.6			8.7		2.0			22.6	%
	9.5			11.1			(1.6	)		-14.8	%	Equipment		2.0			2.5		(0.5	)		-19.2	%
	9.6			8.4			1.1			13.6	%	Marketing		1.8			2.1		(0.4	)		-16.6	%
	19.0			19.2			(0.2	)		-1.0	%	Data Processing		4.7			4.7		0.0			0.5	%
	9.3			9.3			(0.1	)		-0.7	%	Communication		2.4			2.3		0.2			7.8	%
	7.2			7.7			(0.5	)		-6.7	%	Professional Fees		1.9			2.2		(0.2	)		-11.5	%
	6.6			6.0			0.7			11.0	%	Loan Expenses		1.7			1.4		0.4			25.9	%
	3.3			3.5			(0.2	)		-6.1	%	Supplies		0.9			0.9		(0.0	)		-4.8	%
	25.4			22.6			2.8			12.5	%	Other Expense		11.1			5.1		6.0			116.1	%
	297.2			278.0			19.2			6.9	%	Total Noninterest Expense		79.0			71.0		8.0			11.2	%
	51.5			4.1			47.3			N/M		Provision for loan losses		17.0			1.7		15.3			N/M
	80.9			109.4			(28.4	)		-26.0	%	Income before Income Taxes and Discontinued Operations (FTE)		9.6			33.6		(23.9	)		-71.3	%
	(0.9	)		17.3			(18.2	)		-105.1	%	Income Taxes on Continuing Ops.		(2.5	)		7.2		(9.7	)		-134.4	%
	19.3			17.2			2.2			12.6	%	FTE Adjustment		5.5			4.4		1.1			24.6	%
	18.4			34.5			(16.0	)		-46.5	%	Total Taxes (FTE)		3.0			11.6		(8.6	)		-74.4	%
$	62.5		$	74.9		$	(12.4	)		-16.6	%	Net Income	$	6.6		$	22.0	$	(15.3	)		-69.8	%
												EPS
$	0.95		$	1.14		$	(0.19	)		-16.3	%	Diluted Net Income	$	0.10		$	0.34	$	(0.23	)		-69.9	%
												Average Common Shares Outstanding (000’s)
	65,660			65,684			(24	)		0.0	%	Basic		65,730			65,607		123			0.2	%
	65,776			65,750			25			0.0	%	Diluted		65,922			65,707		215			0.3	%
	66,321			66,205			116			0.2	%	Common Shares Outstanding (EOP) (000’s)		66,321			66,205		116			0.2	%

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 2008
($ In Millions except EPS information)

												2007											2008
2005			2006		2007			2008				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr		1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
$	446.8		$	471.2	$	478.5		$	411.8		Interest Income (FTE)	$	120.5		$	122.2		$	120.3		$	115.6	$	108.5		$	102.0		$	100.6		$	100.8
	206.1			239.0		242.2			149.2		Less: Interest Expense		64.5			63.6			60.7			53.4		44.3			36.0			36.1			32.7
	240.7			232.2		236.4			262.7		Net Interest Income (FTE)		56.0			58.6			59.5			62.2		64.2			65.9			64.5			68.0
	20.3			19.5		18.7			17.4		Wealth Management Fees		4.9			4.8			4.6			4.4		4.6			4.9			4.2			3.7
	47.2			42.3		44.8			45.2		Service Charges on Deposit Accounts		10.2			11.2			11.5			11.8		10.2			11.3			11.8			11.8
	11.1			12.1		14.5			17.2		ATM Fees		3.2			3.5			3.8			4.0		4.0			4.5			4.5			4.2
	4.9			4.1		4.4			5.1		Mortgage Banking Revenue		1.0			1.1			1.2			1.1		1.2			1.4			1.4			1.1
	35.2			41.5		39.0			39.2		Insurance Premiums and Commissions		10.6			10.2			8.9			9.3		12.1			9.3			8.8			9.0
	9.0			8.7		10.7			9.5		Investment Product Fees		2.9			2.8			2.7			2.4		2.7			2.4			2.3			2.0
	8.1			9.0		9.8			9.2		Company-owned Life Insurance		2.4			2.4			2.4			2.6		2.8			2.8			2.9			0.7
	28.3			13.8		16.1			17.9		Other Income		2.3			2.9			2.9			8.0		5.4			5.2			3.2			4.0
	164.1			150.9		158.0			160.6		Total Fees, Service Charges & Other Rev.		37.4			39.0			37.9			43.7		43.1			41.7			39.1			36.6
	0.9			1.5		(3.0	)		7.6		Gains (Losses) Sales of Securities		(2.7	)		(0.0	)		(0.5	)		0.1		4.5			2.1			0.0			0.9
	(3.4	)		1.5		0.2			(1.1	)	Gains (Losses) Derivatives		0.0			(0.2	)		0.2			0.2		(0.7	)		(0.3	)		(0.2	)		(0.0	)
	161.6			153.9		155.1			167.0		Total Noninterest Income		34.8			38.7			37.6			44.1		46.9			43.5			39.0			37.6
	402.3			386.2		391.5			429.6		Total Revenues (FTE)		90.8			97.3			97.1			106.3		111.1			109.5			103.5			105.6
	147.8			157.6		163.7			167.8		Salaries and Employee Benefits		41.3			41.5			39.6			41.2		42.3			43.2			40.5			41.8
	20.4			19.9		26.5			39.7		Occupancy		6.4			5.5			5.9			8.7		9.6			9.6			9.8			10.6
	14.4			12.7		11.1			9.5		Equipment		3.1			2.8			2.7			2.5		2.6			2.5			2.4			2.0
	8.3			10.4		8.4			9.6		Marketing		2.3			2.2			1.7			2.1		2.0			2.7			3.1			1.8
	21.2			18.0		19.2			19.0		Data Processing		5.1			4.8			4.7			4.7		4.6			4.9			4.8			4.7
	9.9			9.2		9.3			9.3		Communication		2.4			2.3			2.3			2.3		2.3			2.2			2.3			2.4
	9.3			7.6		7.7			7.2		Professional Fees		2.0			1.9			1.7			2.2		1.7			1.9			1.7			1.9
	5.3			5.7		6.0			6.6		Loan Expenses		1.2			1.9			1.5			1.4		1.3			1.7			1.9			1.7
	3.8			3.4		3.5			3.3		Supplies		1.0			0.8			0.8			0.9		0.9			0.7			0.8			0.9
	23.5			20.2		22.6			25.4		Other Expense		8.3			4.7			4.5			5.1		3.6			5.4			5.2			11.1
	263.8			264.7		278.0			297.2		Total Noninterest Expense		73.0			68.4			65.5			71.0		70.9			74.8			72.5			79.0
	23.1			7.0		4.1			51.5		Provision for Loan Losses		2.4			—			—			1.7		21.9			5.7			6.8			17.0
	115.4			114.5		109.4			80.9		Income before Income Taxes and Discontinued Operations (FTE)		15.3			28.9			31.6			33.6		18.2			28.9			24.2			9.6
	15.3			15.6		17.3			(0.9	)	Income Taxes on Continuing Ops.		0.3			5.1			4.7			7.2		(5.5	)		4.8			2.3			(2.5	)
	21.5			19.5		17.2			19.3		FTE Adjustment		4.2			4.3			4.3			4.4		4.4			4.6			4.9			5.5
	36.8			35.1		34.5			18.4		Total Taxes (FTE)		4.5			9.3			9.0			11.6		(1.1	)		9.4			7.1			3.0
	78.6			79.4		74.9			62.5		Income from Continuing Ops., (net of tax)		10.8			19.6			22.6			22.0		19.3			19.5			17.0			6.6
	(14.8	)		—		—			—		Income from Discontinued Ops., (net of tax)		—			—			—			—		—			—			—			—
$	63.8		$	79.4	$	74.9		$	62.5		Net Income	$	10.8		$	19.6		$	22.6		$	22.0	$	19.3		$	19.5		$	17.0		$	6.6
											Diluted EPS
$	1.15		$	1.20	$	1.14		$	0.95		Income from Continuing Operations	$	0.16		$	0.30		$	0.34		$	0.34	$	0.29		$	0.30		$	0.26		$	0.10
	(0.22	)		—		—			—		Income from Discontinued Operations		—			—			—			—		—			—			—			—
$	0.93		$	1.20	$	1.14		$	0.95		Net Income	$	0.16		$	0.30		$	0.34		$	0.34	$	0.29		$	0.30		$	0.26		$	0.10
	68,095			66,226		65,684			65,660		Average Basic Common Shares (000’s)		65,806			65,723			65,601			65,607		65,623			65,640			65,645			65,730
	68,256			66,261		65,750			65,776		Average Diluted Common Shares (000’s)		65,863			65,804			65,658			65,707		65,754			65,812			65,790			65,922

FTE — Fully taxable equivalent basis

PAGE 3

Old National Bancorp
Balance Sheet (EOP)
Fourth Quarter 2008
($ in Millions)

																Change from Prior Year
	12/31/2008			9/30/2008			6/30/2008			3/31/2008			12/31/2007			12/31/2008 vs. 12/31/2007						12/31/2006			12/31/2005
																$			%
Assets
Investments:
Treasury & Gov’t Sponsored Agencies	$	389.3		$	319.8		$	333.2		$	469.3		$	688.9		$	(299.7	)		-43.5	%	$	680.2		$	509.7
Mortgage-backed Securities		1,172.6			1,203.6			1,105.3			1,115.6			1,048.8			123.8			11.8	%		1,147.0			1,253.3
States & Political Subdivisions		482.2			327.4			328.0			294.3			294.9			187.3			63.5	%		273.3			488.4
Other Securities		221.7			219.4			260.8			267.5			275.9			(54.2	)		-19.6	%		275.7			265.1
Fed Funds Sold & Resell Agreements		0.0			9.3			1.2			—			—			0.0			N/M			283.5			123.9
Money Market Investments		30.1			18.6			10.3			72.8			8.5			21.6			255.1	%		4.1			33.1
Total Investments		2,295.9			2,098.0			2,038.8			2,219.6			2,317.0			(21.1	)		-0.9	%		2,663.7			2,673.5
Residential Real Estate Loans Held for Sale		17.2			11.1			16.6			10.2			13.0			4.2			32.0	%		16.6			43.8
Loans:
Commercial Loans & Leases		1,898.0			1,799.8			1,826.1			1,740.3			1,694.7			203.2			12.0	%		1,629.9			1,553.7
Commercial & Agriculture Real Estate		1,154.9			1,170.8			1,196.5			1,235.3			1,270.4			(115.5	)		-9.1	%		1,386.4			1,534.4
Consumer:
Home Equity		270.0			262.0			252.2			245.9			250.1			19.8			7.9	%		284.8			337.4
Other Consumer Loans		941.0			941.3			935.9			930.8			937.6			3.3			0.4	%		914.1			924.4
Subtotal of Commercial & Consumer Loans		4,263.8			4,173.8			4,210.7			4,152.3			4,152.9			110.9			2.7	%		4,215.1			4,349.9
Residential Real Estate		496.5			508.1			516.0			528.5			533.4			(36.9	)		-6.9	%		484.9			543.9
Total Loans		4,760.4			4,681.9			4,726.7			4,680.8			4,686.4			74.0			1.6	%		4,700.0			4,893.8
Total Earning Assets		7,073.4			6,791.1			6,782.2			6,910.6			7,016.3			57.1			0.8	%		7,380.3			7,611.2
Allowance for Loan Losses		(67.1	)		(63.5	)		(62.1	)		(72.2	)		(56.5	)		10.6			18.8	%		(67.8	)		(78.8	)
Nonearning Assets:
Cash and Due from Banks		162.9			166.1			223.1			228.7			255.2			(92.3	)		-36.2	%		210.3			245.4
Premises & Equipment		44.6			46.7			44.3			45.8			48.7			(4.0	)		-8.3	%		122.9			199.9
Goodwill & Intangible Assets		186.8			187.8			188.7			190.3			191.0			(4.2	)		-2.2	%		134.2			136.3
Company-owned Life Insurance		223.1			222.4			219.7			216.9			214.5			8.6			4.0	%		198.0			193.5
Other Assets		250.1			217.8			206.0			203.4			176.9			73.1			41.3	%		171.6			184.7
Total Nonearning Assets		867.6			840.7			881.7			885.1			886.3			(18.7	)		-2.1	%		837.0			959.7
Total Assets	$	7,873.9		$	7,568.3		$	7,601.8		$	7,723.5		$	7,846.1		$	27.8			0.4	%	$	8,149.5		$	8,492.0
Liabilities & Equity
Noninterest-bearing Demand Deposits	$	888.6		$	845.7		$	858.6		$	861.1		$	855.4		$	33.1			3.9	%	$	877.9		$	891.5
NOW Accounts		1,292.6			1,223.0			1,322.7			1,312.2			1,410.7			(118.1	)		-8.4	%		1,449.2			1,640.7
Savings Accounts		874.6			923.2			900.6			923.4			774.1			100.5			13.0	%		437.7			480.4
Money Market Accounts		420.8			448.7			483.2			517.8			562.1			(141.3	)		-25.1	%		925.3			869.0
Other Time under $100,000		1,224.2			1,209.8			1,191.2			1,125.3			1,283.0			(58.8	)		-4.6	%		1,369.0			1,378.0
Other Time $100,000 & over		550.0			504.6			470.3			476.4			562.1			(12.1	)		-2.1	%		932.6			840.9
Total Core Deposits		5,250.8			5,155.0			5,226.5			5,216.2			5,447.4			(196.6	)		-3.6	%		5,991.6			6,100.5
Brokered CD’s		171.5			191.3			145.9			130.3			216.0			(44.5	)		-20.6	%		329.9			365.1
Total Deposits		5,422.3			5,346.2			5,372.4			5,346.5			5,663.4			(241.1	)		-4.3	%		6,321.5			6,465.6
Short-term Borrowings		649.6			541.6			575.3			640.5			638.2			11.4			1.8	%		312.9			302.8
Long-term Borrowings		834.9			837.3			783.4			834.9			656.7			178.1			27.1	%		747.5			954.9
Total Borrowed Funds		1,484.5			1,379.0			1,358.7			1,475.4			1,295.0			189.5			14.6	%		1,060.5			1,257.7
Accrued Expenses & Other Liabilities		236.2			207.8			221.7			226.2			234.9			1.4			0.6	%		125.2			118.8
Total Liabilities		7,143.0			6,932.9			6,952.8			7,048.1			7,193.2			(50.2	)		-0.7	%		7,507.1			7,842.1
Preferred Stock, Surplus & Retained Earnings		97.1			—			—			—			—			97.1			N/M			—			—
Common Stock, Surplus & Retained Earnings		687.3			692.0			689.4			684.2			664.2			23.1			3.5	%		667.5			671.7
Other Comprehensive Income		(53.5	)		(56.7	)		(40.4	)		(8.8	)		(11.3	)		(42.2	)		N/M			(25.1	)		(21.8	)
Total Shareholders Equity		730.9			635.4			649.0			675.4			652.9			78.0			11.9	%		642.4			649.9
Total Liabilities & Shareholders Equity	$	7,873.9		$	7,568.3		$	7,601.8		$	7,723.5		$	7,846.1		$	27.8			0.4	%	$	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
2005			2006			2007			2008				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
												Assets
												Investments:
$	574.1		$	584.3		$	636.8		$	439.1		Treasury & Gov’t Sponsored Agencies	$	648.8		$	595.2		$	641.5		$	661.7		$	653.4		$	405.7		$	356.5		$	340.9
	1,346.9			1,215.0			1,112.9			1,130.7		Mortgage-backed Securities		1,161.4			1,130.5			1,096.5			1,063.0			1,059.5			1,132.1			1,146.8			1,184.2
	536.9			408.5			263.7			329.4		States & Political Subdivisions		269.4			263.7			259.3			262.4			287.6			310.6			327.4			392.0
	273.9			254.6			268.6			251.4		Other Securities		272.6			263.2			260.9			277.5			276.2			265.8			252.1			211.7
	16.0			72.8			109.5			1.6		Fed Funds Sold & Resell Agreements		245.3			188.2			4.3			0.4			0.0			0.4			3.5			2.5
	21.1			14.8			7.7			20.3		Money Market Investments		5.1			11.2			5.2			9.2			12.4			31.6			18.1			19.3
	2,769.0			2,550.0			2,399.1			2,172.6		Total Investments		2,602.5			2,452.1			2,267.7			2,274.1			2,289.1			2,146.2			2,104.3			2,150.7
												Loans:
	1,578.2			1,592.3			1,679.6			1,779.4		Commercial Loans & Leases		1,675.9			1,687.7			1,677.5			1,677.4			1,710.3			1,772.9			1,800.9			1,833.6
	1,604.2			1,466.2			1,374.7			1,205.1		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			1,168.2
												Consumer:
	357.6			307.1			267.1			254.9		Home Equity		285.1			271.1			259.1			253.1			248.3			249.6			256.2			265.5
	889.9			929.7			937.4			935.7		Other Consumer Loans		915.7			933.4			954.0			946.5			933.0			932.3			937.7			939.8
	4,429.9			4,295.3			4,258.8			4,175.1		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			4,207.1
	584.7			527.9			556.0			528.0		Residential Real Estate (1)		550.3			570.4			557.6			545.9			542.0			535.9			523.2			511.2
	5,014.7			4,823.1			4,814.9			4,703.1		Total Loans (1)		4,860.3			4,881.7			4,799.7			4,717.9			4,684.9			4,709.3			4,700.1			4,718.3
	7,783.6			7,373.1			7,214.0			6,875.7		Total Earning Assets		7,462.7			7,333.8			7,067.4			6,992.0			6,973.9			6,855.5			6,804.5			6,868.9
	(82.9	)		(76.5	)		(68.2	)		(62.0	)	Allowance for Loan Losses		(71.0	)		(71.7	)		(67.6	)		(62.5	)		(56.1	)		(67.9	)		(62.0	)		(62.0	)
	925.8			876.7			839.2			804.1		Nonearning Assets		849.6			857.0			856.2			794.0			764.1			806.3			821.2			824.8
$	8,626.5		$	8,173.4		$	7,985.0		$	7,617.8		Total Assets	$	8,241.4		$	8,119.0		$	7,856.0		$	7,723.6		$	7,682.0		$	7,594.0		$	7,563.6		$	7,631.7
												Liabilities & Equity
$	837.6		$	800.7		$	828.5		$	835.0		Noninterest-bearing Demand Deposits	$	822.5		$	837.5		$	821.6		$	832.2		$	811.2		$	824.9		$	841.9		$	861.8
	1,754.9			1,429.8			1,490.4			1,249.5		NOW Accounts		1,542.1			1,616.6			1,452.6			1,350.4			1,310.8			1,264.7			1,204.7			1,217.7
	485.3			441.3			622.4			886.4		Savings Accounts		539.4			583.0			619.8			747.4			828.4			906.3			922.6			888.1
	695.0			886.2			758.6			487.5		Money Market Accounts		882.6			811.9			735.2			604.6			541.0			498.1			473.4			437.5
	2,202.4			2,277.9			2,134.9			1,696.4		Other Time		2,347.4			2,239.1			2,042.7			1,910.3			1,737.3			1,593.5			1,694.6			1,760.2
	5,975.2			5,835.8			5,834.7			5,154.7		Total Core Deposits		6,134.0			6,088.2			5,671.8			5,444.9			5,228.7			5,087.6			5,137.2			5,165.4
	376.2			338.4			291.5			170.7		Brokered CD’s		321.3			315.6			306.3			222.6			196.8			112.8			187.0			186.2
	6,351.3			6,174.2			6,126.2			5,325.4		Total Deposits		6,455.3			6,403.8			5,978.2			5,667.5			5,425.5			5,200.4			5,324.2			5,351.6
	388.2			402.2			461.8			616.9		Short-term Borrowings		375.0			376.4			525.0			570.8			625.4			679.6			568.4			594.4
	1,094.6			835.6			615.9			810.1		Long-term Borrowings		644.0			592.8			594.3			632.5			754.7			832.5			817.8			835.2
	1,482.8			1,237.8			1,077.7			1,427.0		Total Borrowed Funds		1,018.9			969.2			1,119.3			1,203.2			1,380.1			1,512.1			1,386.2			1,429.6
	107.1			123.0			139.3			205.2		Accrued Expenses & Other Liabilities		127.2			110.2			123.9			195.9			204.2			208.6			205.1			203.0
	7,941.2			7,535.1			7,343.1			6,957.7		Total Liabilities		7,601.4			7,483.2			7,221.3			7,066.6			7,009.7			6,921.1			6,915.5			6,984.3
	—			—			—			5.2		Preferred Stock, Surplus & Retained Earnings		—			—			—			—			—			—			—			20.9
	690.9			666.2			666.8			688.7		Common Stock, Surplus & Retained Earnings		666.9			659.1			667.5			673.7			675.9			688.7			695.0			695.2
	(5.6	)		(27.8	)		(25.0	)		(33.7	)	Other Comprehensive Income		(26.9	)		(23.3	)		(32.9	)		(16.7	)		(3.6	)		(15.8	)		(46.9	)		(68.7	)
	685.3			638.4			641.8			660.2		Total Shareholders Equity		640.0			635.8			634.7			656.9			672.3			672.9			648.1			647.5
$	8,626.5		$	8,173.4		$	7,985.0		$	7,617.8		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		$	7,631.7

(1) Includes residential loans held for sale.

PAGE 5

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

													2007												2008
2005			2006			2007			2008				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
												Earning Assets:
												Investments:
	3.44	%		4.55	%		5.07	%		4.90	%	Treasury & Gov’t Sponsored Agencies		4.87	%		5.11	%		5.14	%		5.17	%		4.66	%		4.97	%		5.03	%		5.14	%
	4.24	%		4.55	%		4.68	%		5.01	%	Mortgage-backed Securities		4.61	%		4.64	%		4.74	%		4.74	%		4.79	%		5.03	%		5.07	%		5.14	%
	6.88	%		6.93	%		7.07	%		6.91	%	States & Political Subdivisions		7.05	%		7.04	%		7.10	%		7.12	%		6.85	%		6.76	%		6.80	%		7.15	%
	4.55	%		5.14	%		5.25	%		5.54	%	Other Securities		5.32	%		5.11	%		5.22	%		5.33	%		5.31	%		5.30	%		5.47	%		6.22	%
	4.08	%		5.20	%		5.35	%		3.40	%	Fed Funds Sold, Resell Agr & Money Mkt		5.41	%		5.18	%		8.98	%		5.50	%		10.74	%		2.42	%		2.74	%		1.34	%
	4.61	%		5.01	%		5.14	%		5.32	%	Total Investments		5.07	%		5.10	%		5.19	%		5.22	%		5.11	%		5.26	%		5.36	%		5.58	%
												Loans:
	6.39	%		7.32	%		7.47	%		5.88	%	Commercial Loans & Leases		7.54	%		7.57	%		7.54	%		7.25	%		6.64	%		5.86	%		5.63	%		5.44	%
	6.36	%		7.27	%		7.56	%		6.22	%	Commercial & Agriculture Real Estate		7.35	%		7.73	%		7.85	%		7.31	%		6.70	%		6.25	%		6.01	%		5.90	%
												Consumer:
	6.28	%		8.04	%		8.17	%		5.51	%	Home Equity		8.29	%		8.27	%		8.33	%		7.78	%		6.71	%		5.49	%		5.30	%		4.60	%
	6.93	%		7.13	%		7.61	%		7.66	%	Other Consumer Loans		7.40	%		7.60	%		7.70	%		7.71	%		7.79	%		7.66	%		7.60	%		7.57	%
	6.48	%		7.31	%		7.57	%		6.35	%	Subtotal of Commercial & Consumer Loans		7.50	%		7.67	%		7.73	%		7.40	%		6.92	%		6.35	%		6.16	%		5.99	%
	5.47	%		5.54	%		5.86	%		5.87	%	Residential Real Estate Loans (1)		5.73	%		5.90	%		5.89	%		5.91	%		5.92	%		5.85	%		5.87	%		5.84	%
	6.36	%		7.12	%		7.38	%		6.30	%	Total Loans (1)		7.29	%		7.46	%		7.51	%		7.23	%		6.81	%		6.29	%		6.11	%		5.97	%
	5.74	%		6.39	%		6.63	%		5.99	%	Total Earning Assets		6.51	%		6.67	%		6.77	%		6.58	%		6.25	%		5.97	%		5.89	%		5.85	%
												Interest-bearing Liabilities:
	1.44	%		1.92	%		2.12	%		0.51	%	NOW Accounts		2.34	%		2.43	%		2.16	%		1.48	%		0.84	%		0.52	%		0.45	%		0.21	%
	0.87	%		1.28	%		2.43	%		1.46	%	Savings Accounts		2.35	%		2.29	%		2.50	%		2.54	%		2.03	%		1.50	%		1.46	%		0.88	%
	2.71	%		3.32	%		3.11	%		1.12	%	Money Market Accounts		3.55	%		3.31	%		3.06	%		2.32	%		1.71	%		1.14	%		1.04	%		0.47	%
	3.32	%		4.15	%		4.64	%		3.74	%	Other Time		4.64	%		4.70	%		4.63	%		4.58	%		4.26	%		3.67	%		3.52	%		3.50	%
	2.36	%		3.12	%		3.38	%		2.04	%	Total Interest-bearing Deposits		3.56	%		3.52	%		3.38	%		3.04	%		2.51	%		1.98	%		1.94	%		1.72	%
	4.64	%		4.57	%		4.72	%		4.25	%	Brokered CD’s		4.74	%		4.76	%		4.83	%		4.53	%		4.32	%		4.01	%		4.26	%		4.30	%
	2.52	%		3.21	%		3.46	%		2.13	%	Total Interest-bearing Deposits & CD’s		3.62	%		3.59	%		3.47	%		3.11	%		2.59	%		2.03	%		2.04	%		1.83	%
	2.48	%		3.98	%		3.94	%		1.77	%	Short-term Borrowings		4.11	%		4.02	%		4.12	%		3.60	%		2.53	%		1.81	%		1.79	%		0.92	%
	5.26	%		6.03	%		6.64	%		5.29	%	Long-term Borrowings		6.55	%		6.77	%		6.82	%		6.43	%		5.69	%		5.25	%		5.13	%		5.11	%
	4.53	%		5.37	%		5.48	%		3.77	%	Total Borrowed Funds		5.65	%		5.70	%		5.55	%		5.09	%		4.27	%		3.70	%		3.76	%		3.37	%
	2.95	%		3.61	%		3.80	%		2.52	%	Total Interest-bearing Liabilities		3.93	%		3.90	%		3.84	%		3.51	%		2.98	%		2.46	%		2.45	%		2.20	%
	2.79	%		2.78	%		2.83	%		3.47	%	Net Interest Rate Spread		2.58	%		2.77	%		2.93	%		3.07	%		3.27	%		3.51	%		3.45	%		3.65	%
	3.09	%		3.15	%		3.28	%		3.82	%	Net Interest Margin		3.00	%		3.20	%		3.37	%		3.56	%		3.68	%		3.85	%		3.79	%		3.96	%

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

PAGE 6

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

													2007												2008
2005			2006			2007			2008				1st Qtr			2nd Qtr			3rd Qtr			4th Qtr			1st Qtr			2nd Qtr			3rd Qtr			4th Qtr
$	85.7		$	78.8		$	67.8		$	56.5		Beginning Allowance for Loan Losses	$	67.8		$	71.3		$	67.5		$	64.1		$	56.5		$	72.2		$	62.1		$	63.5
	23.1			7.0			4.1			51.5		Provision for Loan Losses		2.4			—			—			1.7			21.9			5.7			6.8			17.0
	—			—			5.7			—		Acquired from acquisition		5.7			—			—			—			—			—			—			—
	—			—			—			—		Transfer to Allow. Unfunded Commitments		—			—			—			—			—			—			—			—
	(36.1	)		(27.9	)		(26.9	)		(51.2	)	Gross Charge-offs		(7.7	)		(6.0	)		(4.2	)		(9.0	)		(8.7	)		(18.0	)		(8.7	)		(15.9	)
	(5.3	)		(2.8	)		(5.3	)		—		Write-downs from Loans Sold		—			(1.1	)		(1.4	)		(2.8	)		—			—			—			—
	11.5			12.7			11.1			10.4		Gross Recoveries		3.1			3.3			2.3			2.4			2.6			2.1			3.2			2.5
	(30.0	)		(18.1	)		(21.1	)		(40.8	)	Net Charge-offs		(4.6	)		(3.8	)		(3.3	)		(9.3	)		(6.1	)		(15.9	)		(5.5	)		(13.4	)
$	78.8		$	67.8		$	56.5		$	67.1		Ending Allowance for Loan Losses	$	71.3		$	67.5		$	64.1		$	56.5		$	72.2		$	62.1		$	63.5		$	67.1
	0.60	%		0.37	%		0.44	%		0.87	%	Net Charge-offs / Average Loans (1)		0.38	%		0.31	%		0.28	%		0.79	%		0.52	%		1.35	%		0.46	%		1.14	%
$	5,014.7		$	4,823.1		$	4,814.9		$	4,703.1		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		$	4,718.3
$	4,937.6		$	4,716.6		$	4,699.4		$	4,777.5		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		$	4,777.5
	1.61	%		1.44	%		1.20	%		1.41	%	Allowance for Loan Loss / EOP Loans (2)		1.46	%		1.39	%		1.35	%		1.20	%		1.54	%		1.31	%		1.36	%		1.41	%
												Underperforming Assets:
$	1.8		$	2.1		$	1.5		$	2.9		Loans 90 Days & over (still accruing)	$	0.5		$	1.0		$	2.2		$	1.5		$	1.5		$	1.6		$	1.9		$	2.9
												Non-performing Loans:
	55.6			41.5			40.8			64.0		Nonaccrual Loans		60.4			58.5			49.3			40.8			70.2			68.1			68.4			64.0
	—			0.1			—			—		Renegotiated Loans		0.0			0.0			—			—			—			—			—			—
	55.6			41.6			40.8			64.0		Total Non-performing Loans		60.5			58.5			49.3			40.8			70.2			68.1			68.4			64.0
	3.6			3.3			2.9			2.9		Foreclosed properties		3.6			2.3			7.9			2.9			2.3			3.3			3.2			2.9
$	61.0		$	47.0		$	45.2		$	69.9		Total Underperforming Assets	$	64.6		$	61.8		$	59.4		$	45.2		$	74.1		$	72.9		$	73.6		$	69.9
$	136.6		$	153.2		$	115.1		$	214.7		Classified Loans — “Problem Loans”	$	166.4		$	131.8		$	130.2		$	115.1		$	153.7		$	149.8		$	173.8		$	214.7
	83.2			119.8			103.2			124.9		Criticized Loans — “Special Mention Loans”		97.8			89.8			79.1			103.2			103.8			97.5			114.3			124.9
$	219.8		$	273.0		$	218.3		$	339.5		Total Classified & Criticized Loans	$	264.2		$	221.6		$	209.3		$	218.3		$	257.5		$	247.3		$	288.2		$	339.5
	1.13	%		0.88	%		0.87	%		1.34	%	Non-performing loans / EOP Loans (1)		1.23	%		1.20	%		1.04	%		0.87	%		1.50	%		1.43	%		1.46	%		1.34	%
	142	%		163	%		138	%		105	%	Allowance to Non-performing Loans		118	%		115	%		130	%		138	%		103	%		91	%		93	%		105	%
	1.24	%		1.00	%		0.96	%		1.46	%	Under-performing Assets / EOP Loans (1)		1.32	%		1.27	%		1.25	%		0.96	%		1.58	%		1.54	%		1.57	%		1.46	%
$	8,492.0		$	8,149.5		$	7,846.1		$	7,873.9		EOP Total Assets	$	8,331.6		$	7,987.7		$	7,832.5		$	7,846.1		$	7,723.5		$	7,601.8		$	7,568.3		$	7,873.9
	0.72	%		0.58	%		0.58	%		0.89	%	Under-performing Assets / EOP Assets		0.77	%		0.77	%		0.76	%		0.58	%		0.96	%		0.96	%		0.97	%		0.89	%

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

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