1 star ratingAverage User Rating:
1 star rating based on 2 reviews.

Old National Bank

Old National Bank Locations
1 Main Street
Evansville, IN 47708
1-800-731-BANK (2265)
www.oldnational.com

Old National Bank is headquartered in Evansville and is the largest bank in the state of Indiana. It is also the 123rd largest bank in the nation. It was established in 1907 and as of March of 2012, it had grown to 1,961 employees at 195 locations. Old National Bank has a 5-star health rating.

Related Posts

Old National Bank Acquires Deposits Of Integra Bank (Forum) - 8/1/2011

From Banking Business Review Old National Bank has signed a purchase and assumption agreement with the Federal Deposit Insurance Corporation (FDIC) to assume all of the deposits of Integra Bank, National Association (Integra), Evansville, Indiana. As per


Data for Q1 2012


Institution Statistics


Old National Bank
FDIC Certificate #3832
BankRate ReportView
Year Established1907
Employees1961
Primary RegulatorOCC

Assets and Liabilities

Assets$8.44 billion
Loans$4.61 billion
Deposits$6.71 billion
Equity Capital$916.81 million
Loan Loss Allowance$55.92 million
Unbacked Noncurrent Loans$107.47 million
Real Estate Owned$6.04 million

Historic Data - March 2011

Assets$7.94 billion
Equity Capital$818.49 million
Loan Loss Allowance$72.75 million
Unbacked Noncurrent Loans$119.69 million
Real Estate Owned$13.66 million

Profit Margin - Quarterly

Net Interest Margin4.08%
Return on Assets1.04%
Return on Equity9.65%
Interest Income$84.13 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 Old National Bank had $113.5 million in non-current loans and owned real-estate with $972.73 million in equity and loan loss allowances on hand to cover it. This gives Old National Bank a Texas Ratio of 11.67% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Old National Bank decreased slightly from 14.45% as of March 31, 2011 to 11.67% as of March 31, 2012, resulting in a positive change of 19.25%.This indicates that the balance sheet and financial strength for Old National Bank has improved slightly in recent periods.
Deposit Growth5
In the past year, Old National Bank has increased its total deposits by $621.84 million, resulting in 10.21% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Old National Bank has shown is excellent.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Old National Bank has $8.44 billion in assets with $972.73 million in equity, resulting in a capitalization level of 11.52%, which is above average.
Write Review

Charge Frequent Unnecessary Overdraft Fees
1 stars - clcruse1 - Saturday, December 10, 2011 - 11:21 AM

  Out of 4 different accounts I have, ONB is the only bank I have had issue after issue with charging numerous overdraft fees. They fail to inform their customers of certain policies, then they charge huge fees and the customer service at certain locations is terrible. They are also the only institution I have dealt with that holds your check for 48 hrs before the funds are available to you. This is the 3rd time I have had to fight to get over $500 in fees refunded, It will deffinately be the last!! The computer is set up to place transactions in a certain order, so that the maximum amount of fees can be charged. I have numerous friends and aquaintances that have experienced overdraft fees when they have not ever shown a negative balance on their statement, most have received the same reply as myself, "it's just how the computer posts the transactions." Most have changed banks. I would deffinately NOT recommend using ONB.

4

Extremely Rude Customer Service.
1 stars - BrandonB - Thursday, March 8, 2012 - 10:47 AM

This bank may have the worst customer service I have ever encountered in my life. I have seriously experienced friendlier and more helpful customer service representatives when calling the IRS! Apparently they must have a lot of legacy money in order to be so rude and still remain in business. However treating new customers they way are now will most certainly come back to haunt them in the future. I transferred over to 5/3 and have been quite satisfied with them overall.

2
 
Featured Accounts
Nationwide Savings Accounts