Welcome to the Old National Bancorp. Third Quarter 2013 Earnings Conference Call. This call is being recorded and has been made accessible to the public in accordance with the SEC's Regulation FD. The call, along with corresponding presentation slides, will be archived for 12 months on the Investor Relations page at oldnational.com. A replay of the call will also be available beginning at 8:00 a.m. Central Time on October 29 through November 11. To access the replay, dial 1 (855) 859-2056, conference ID code 85826718. Those participating today will be analysts and members of the financial community. [Operator Instructions] At this time, the call will be turned over to Lynell Walton for opening remarks. Ms. Walton?

Thank you, Jasmine. And good morning, everyone. I apologize for the technical difficulties we've experienced. Hopefully, you're all able to join us at this time. Joining me today in the room on Old National Bancorp's Third Quarter 2013 Earnings Conference Call are Bob Jones, Chris Wolking, Barbara Murphy, Daryl Moore, Jim Ryan and Joan Kissel. Some comments today may contain forward-looking statements that are subject to certain risks and uncertainties that could cause the company's actual future results to materially differ from those discussed. Please refer to the forward-looking statement disclosure contained on Slide 4, as well as our SEC filings, for a full discussion of the company's risk factors. Additionally, as you review Slide 5. Certain non-GAAP financial measures will be discussed on this conference call. References to non-GAAP measures are only provided to assist you in understanding Old National's results and performance trends and should not be relied upon as a financial measure of actual results. Reconciliations for such non-GAAP measures are appropriately referenced and included within the presentation. At the conclusion of the prepared remarks, we will open the line to take your questions. I'm happy to begin the discussion of our financial performance, on Slide 6, which highlights recent successes or initiatives that resulted from the execution of our basic bank community banking strategy. This morning, we reported earnings of $23.9 million or $0.23 per share in the third quarter. Contributing to this performance on the balance sheet side was our year-over-year strong commercial loan production, along with the repricing of a large book of CDs, which aided in the increase of 4 basis points in our core net interest margin. We did consolidate 18 branches during the third quarter and anticipate 4 more consolidations and the sale of 3 additional branches, all to occur in the fourth quarter. Jim remains busy on the M&A front, as we closed on the purchase of 24 banking centers in Michigan and Northern Indiana and just recently announced the pending acquisition of Tower Financial Corporation, located in Fort Wayne and Warsaw, Indiana. Obviously, a very busy and productive quarter for Old National. Moving to Slide 7, you'll see a chart of other items impacting our third quarter results. Looking to the positive items on the left. Our continued strong credit position allowed us to record a recapture of provision for loan losses of $1.7 million. We did receive a $1.6 million benefit as the result of the great work done by our procurement area in the renegotiation renewal of a large contract. Also included in the quarter was the benefit of BOLI proceeds of $1.1 million. The 2 largest negative items on the slide represent charges taken as part of our branch consolidation process and the acquisition and integration of the 24 banking centers. We were also able to fund our foundation with $1.2 million during the quarter. For more detail, I'll now turn the call over to Chris.

Thank you, Lynell. I'll begin my presentation on Slide 9. Without securities gains and merger and integration expenses, pretax, pre-provision income was $31.2 million for the third quarter 2013. Third quarter 2013 pretax, pre-provision income was $6.4 million lower than the second quarter but $3 million higher than third quarter 2012. Compared to third quarter 2012, pretax, pre-provision income is up 10.6% in the third quarter of this year. As you can see from the bar chart, we have maintained a fairly steady increase in quarterly pretax, pre-provision income since third quarter 2012. In Lynell's Slide 7, she noted several other items in addition to merger costs. If I subtract the income and expense items she noted, I estimate pretax, pre-provision income was $33.2 million for the quarter. Also reducing pretax, pre-provision income in the third quarter was the operating expense for our new Michigan and Northern Indiana branches. Operating expenses exceeded income for these branches by about $900,000 for the quarter. Lynell also noted the $1.7 million previously charged as loan loss provision, which we recaptured in the quarter. Daryl will discuss credit in much more detail, but continued low net charge-offs and lower criticized and classified loans in the quarter contributed to our ability to release these reserves. The graphs on Slide 10 show the success we've had managing impaired assets acquired in our recent acquisitions. In all 3 acquisitions, we've recognized more loan interest income than we originally expected at the time of the purchase. Monroe loan interest income from impaired assets was $900,000 for the quarter, and the nonaccretable discount has remained relatively stable from $14.4 million to $14.5 million over the last 4 quarters. Integra impaired assets generated $9.2 million of income in the third quarter, and the expected nonaccretable discount declined from $146.5 million…

Great. Thank you, Chris. Slide 24 is where I will begin my remarks this morning. On this slide, we show a trailing 5-quarter summary of net charge-offs for our core portfolio, as well as for our 3 most recently purchased portfolios. In this period, we posted consolidated net losses of roughly $300,000, representing an annualized net charge-off rate for the quarter of 2 basis points. Consolidated annualized net charge-offs stand at 7 basis points for the 9 months ended September 30. As you can see from the chart, the Old National core portfolio continues to perform very well, with losses in the current quarter of roughly $200,000. Year-to-date net losses in the core portfolio stand at $1.4 million, representing approximately 4 basis points of net charge-offs on an annualized basis. Performance in the Monroe and Integra portfolios was also strong in the current quarter, with small net recoveries being recognized in each of these portfolios in the period. Year-to-date, the Monroe portfolio has reflected a net recovery of roughly $900,000, while the Integra portfolio has produced approximately $1.4 million in net losses prior to FDIC reimbursements. Year-to-date losses in the Indiana Community Bank portfolio have been approximately $1 million. We continue to monitor the impact that recoveries are having on our net charge-off results, not wanting to dismiss the influence that this important dynamic has on our current results. Year-to-date recoveries represent approximately 77% of gross charge-offs, compared to 66% for the same period last year. The trailing 6-year average of recoveries as a percent of gross charge-offs at Old National is 31%. As we look forward with respect to provision expense and appropriate allowance levels, this dynamic will certainly enter into our decision-making process. Slide 25 shows our trends in the allowance for loan loss coverage of non-covered, nonperforming…

Great. Thank you, Daryl. Before I begin my remarks relative to the quarter, I would like to thank all of you who reached out to Lynell following her family's fire. Your support and concern means a great deal to all of us at the Old National family and is very much appreciated. Our team did its usual job of providing you with an overview of our quarter, their usual good job. From my perspective, it was a good quarter, one that was consistent with our forecast and also one that allowed us to take additional steps towards ensuring that positive trend continues in the face of a still challenging environment for banks. Let me close our remarks with a brief synopsis of that environment that all banks are facing. While the economy continues to demonstrate a slow and somewhat erratic recovery, we are seeing more pockets of strength versus weakening. In conversations with our clients and our prospects, we are hearing more discussion about capital expansion and potential inventory builds, some of which is related to prior delayed -- planned delays by our clients, and some of which is related to business expansion based on the improving volumes that they are seeing. Indiana is seeing a broad-based strengthening, as are Louisville and Michigan. The Illinois markets are still hampered by the state budget challenges, but we have seen some strengthening there as well, though not nearly as strong as the other markets. The strength of the economy is not such that it can withstand any significant challenges to that growth. The most obvious is the continued challenges in Washington. You could almost hear the steam coming out of the recovery as our leaders in Washington debated the debt ceiling and the continuing resolutions. This uncertainty has the potential to derail…

[Operator Instructions] Your first question comes from the line of Scott Siefers. R. Scott Siefers - Sandler O'Neill + Partners, L.P., Research Division: I guess I wanted to just make sure I'm hearing you guys correctly on the 65% efficiency ratio target. Chris, you mentioned that it's still a goal, but I couldn't tell if I was supposed to kind of read between the lines and figure out whether or not it's still a fourth quarter goal specifically because you mentioned a few quarters still to get the Bank of America branches up to necessary -- or requisite levels of profitability, et cetera. So is that still a goal for the fourth quarter specifically? And then, I guess, within the context of the way things are trending now, what would be the main levers to get you there?

Yes, great questions, Scott. And if we had done a pool here, we were going to suggest the first question was going to be on the efficiency ratio. So we appreciate that. It is still absolutely a goal for the fourth quarter. We have a number of initiatives still in place. In all frankness, it's going to be tight whether we hit in the fourth quarter, but I can tell you that we've got a lot of things going on, remind you of the branch closures, also. Well, we'll get a full quarter effect for those in the fourth quarter. But it is still a goal for the fourth quarter. It's still a very, very important part of our incentives. Now to your second part, the levers. Given the rate environment and some of the other challenges coming out of Washington at all, really, the levers, Scott, we have to look at as expenses. If we get a boost in revenue, that's great. It's gravy on top of the turkey. But all of our initiatives, and we've got well over 20, are all expense focused. So bottom line is, it is our goal, it is our target, it is our aspiration, it is everything you can think about. The board is keenly focused on it, I'm keenly focused on it. Are we going to hit it in the fourth quarter? Boy, I sure as hell hope so, but it's going to be close. R. Scott Siefers - Sandler O'Neill + Partners, L.P., Research Division: I appreciate the color and, I guess, the objectivity as well. And then the second question, Bob, I was hoping you could maybe talk a little bit about -- I guess, a little bit more about some of the factors affecting you guys specifically as it relates to loan balances. I guess, with the second quarter, just given the size of the pipeline, the increase you had in utilization rate at that time, I guess I sensed there was maybe a little bit more enthusiasm. This quarter may be a little more guarded, given the flatter utilization and the down but still strong pipeline. So what kind of puts and takes do you see out there as you look at overall loan momentum?

Yes, great question, Scott. There's a couple of factors. One, as you look at our quarter-end C&I balances, there are some internal factors. We had 2 large credits that we lost. One was a company that we had taken almost from birth to, well, exceeding our capacity that actually went to the capital markets through an acquisition. They acquired a company and used the capital markets to do their financing. And quite frankly, they appreciate our relationship so much they asked us to join the syndicated pool, but quite frankly, the margins were so slim that we walked away. And that was $19 million of outstandings. In addition, we lost another $12 million credit. It really was a structure issue. It was a credit that we've enjoyed, it was a good relationship, but as we said, it's competitive, and somebody came in with a structure that we just couldn't get comfortable with. So that's $12 million. And as you know, we sold that lease portfolio. So that really is somewhat of an indicator of why we had the little bit of a drop in our outstandings at quarter end, and that's why we put the slide in there. I would tell you, as you look at moving to an external factor, as you look at the pipeline, you look at our utilization -- and I used the phrase in my comments, you could almost hear the steam come out when all the crap was going on in Washington. Literally, our clients, our volumes, our applications, people just didn't know what to do, and it just really slowed things down. As Chris said, we've seen our balances in -- through the fourth quarter get above where they were in the third quarter. Activities picked up in the pipeline, activities picked up on the consumer side. So I'm hoping that's a brief blip based on the circus that was Washington. Now we've only got another 1.5 months until we get back to that circus, but it was -- I think everybody just got very frustrated. I hope that helps, Scott.

Your next question comes from the line of Emlen Harmon.

I was hoping that you could talk a little bit about the shifts in mortgage products. And so how was that -- how do you expect that to end up affecting your production volumes generally? And I guess, does that affect mortgage banking equally as it does just kind of what's coming on the balance sheet?

It'll select -- I think, first and foremost, we did it as a rate issue. We wanted to get the iteration shrunk. We, at the opportune time, one, to do the sale, plus to back off, as we're seeing some slowing of activity and mortgage, to back off some of the longer-term product. I think it's going to have a little bit of slight downward pressure. But the -- I don't know that it's going to be significant on a go-forward basis. Clearly, refis are not nearly as robust, but our purchase activity has been fairly good.

And then I did want to hop back to the expense, I guess, question quickly. I hear -- you guys are talking about some additional savings that come in, in the fourth quarter from branch closings, but then also, you do have kind of some RM hires and some of the other investments that you're making in wealth management, for example. How do we think about just kind of the, directionally, which way the personnel end is headed as we get up in the next couple of quarters here?

I would say personnel line would be flat to maybe slightly up based on timing. There's other areas that we can reduce costs and will be reducing costs. But as we build the revenue positions in the Michigan market, clearly, we've had reductions in staff, and the average salaries are going to be a little different. But for modeling purposes, I would be -- second to third quarter is not that bad of an indicator to use.

And one more quick one, if I could. So how are you guys thinking about the kind of incremental yield on the BofA deposit base at this point? Obviously, you guys have kind of pre-invested, to some degree, coming into this. I guess, how do we think about what you pick up as you start to get some loan production out of those new branches?

Yes, Emlen, it's Chris. I don't have all the numbers right at my fingertips, but the mix was not that dramatically different than ours. In fact, their CD rates were a little bit lower than ours, given our high CDs. So we really focused on the noninterest-bearing deposits, and that's a good, gosh, 10% or 12% of their -- of the total deposits. So the deposit base, from our perspective, is an excellent deposit base with pretty low cost dynamics.

Yes. And just to give you a perspective, Emlen, total deposits at the end of the quarter for BofA -- or that Northern Indiana, Michigan markets; we're trying not to use that BofA word too much -- but we're a little over $500 million, and $71.5 million of that was in noninterest, another $88 million were -- $88.9 million was in NOW with slightly over $50 million in money -- in savings and $166 million in money markets. So you can see that it models a little bit -- pretty closely to where we are, with probably a little slightly higher balances in the noninterest DDA. And fortunately, those deposits have stabilized, and we're actually starting to see some growth in the Michigan markets.

Great. Got you. Yes, sorry -- I noticed that you guys are trying to head toward that new moniker there. Sorry, it was stuck at the back of my brain. I guess I...

There would be fines from the governments, so we've got to watch what we're called.

Fair, fair. I guess I would -- I'd also be kind of curious in terms of what you're doing on the asset side there because, I mean, presumably, the proceeds of that funding have been invested in shorter-duration -- something shorter duration in the securities book. So I was kind of curious what you feel like the gap between what you're getting on a yield for the securities invested there versus what you could expect to get longer term.

The loans, again given our -- the people we've hired and our overall credit philosophy, I don't expect that our loans will look that much different in BofA than they are currently with Old National at the core bank. So up 100 to 200 basis points, probably, on average as we move into higher-quality assets that have a little better spread. I think, repricing, I think we have to assume that those are going to be relatively short repricing assets, floating-rate assets. So we're somewhat beholden to how quickly short-term rates rise before we see an absolute increase in yields relative to that, which we're taking off the investment portfolio.

I just might mention, Emlen, on the loan side -- now it's not significant, but when we acquired those branches, we had just under $8 million in loan outstandings. At quarter end, we were up to $12.5 million and pretty well balanced in between commercial as well as consumer. So in 45 days, they've been able to add outstandings that were 50% above where they were. Now we've got a lot of 50%s to go to make up the deposits, but I think it's a good indicator of the quality of the team. And we're going to, obviously, get a little better spread on that.

Your next question comes from the line of Stephen Geyen. Stephen G. Geyen - D.A. Davidson & Co., Research Division: Maybe just a couple of questions here. Starting off, the $1.6 million, the -- I'm looking at the chart on -- or table on Page 7. The renegotiated contract, 1.7 -- $1.6 million. Is there anything likely to continue with that, or is that a kind of a onetime benefit in third quarter?

Yes, that onetime benefit is there. The -- obviously, the benefits of the renegotiated contract will continue, but that's why we highlighted that in that slide just because that is a unique item that -- but we shouldn't get any more unique items other than the benefit savings over the duration of the contract. Stephen G. Geyen - D.A. Davidson & Co., Research Division: Okay, got it. All right. And let me see. The wealth management trust, you had some nice growth there. Just curious if there's anything in particular that you can point to. Is it kind of across footprint? Are you seeing some areas, some regions doing a little bit better than others with some adds?

Yes, it's -- the sales factor is across all regions. In total transparency, we did have a large estate mature, and that fee comes into our Evansville region. But we've had good sales. But a pretty good portion of that is that we did have a large estate mature in our Evansville region, and you get the fee, a corresponding fee, for that. Stephen G. Geyen - D.A. Davidson & Co., Research Division: Sure, got it, okay. And maybe a question for Chris. I'm looking at the balance sheet. With the changes and the mix change in earning assets, can you kind of talk a little bit more about what the expectation or where you might be going over the next couple of quarters?

Well, I think, Stephen, if we look at it purely from a rate sensitivity standpoint, we'd expect fewer long-duration assets, whether they're coming to us in the mortgage loan book or the investment portfolio. So -- and from a quality asset standpoint, I'd like to make room for more growth in consumer and commercial loans. So that's, strategically, the direction. Obviously, quarter-to-quarter, there are some things that can impact whether or not that happens, but you can be assured that our reinvestment objectives in the investment portfolio are to be in shorter-duration assets, which implies lower yields, given the steep yield curve. So I'd expect that to continue. As we mentioned, the -- or the sale of the portfolio of residential mortgages was a big deal for us. And we would continue to do that if we thought that it was appropriate, but right now, we're feeling pretty good about our rate risk position and, certainly, our capacity to absorb additional commercial loans and consumer loans. Stephen G. Geyen - D.A. Davidson & Co., Research Division: Okay. And so maybe just focusing on loans and the investment securities, kind of that mix. So certainly, you want to add to loan growth as you can, but as far as any repricing and where the runoff might be going, where you might be reinvesting, also, okay...

Short. Short and lower yields. I think, when I look back at the last quarter, our average yields were somewhere in the -- in reinvestments were somewhere between 1.5% and 2%. And on an average basis, the investment portfolio currently is significantly higher than that. We are doing some munis when we have the opportunity, but for the most part, it's floating-rate stuff and very structured agency and mortgage-backed product.

Yes, Stephen, I know this is your first call back, but the direction I've given Chris is strengthen duration, reduce the risk and increase the yield. And he's done well on 2 of the 3, but that third one, he's still struggling with. I'd rather get the first 2.

Your next question comes from the line of Jon Arfstrom.

Couple of questions here, just following up on Emlen's line of questioning. It -- we'll call them the new Michigan branches. Anything other than hiring -- finding or hiring the right people, anything that prevents that -- those branches, longer term, from having a similar loan-to-deposit ratio as maybe the rest of the bank? Is that the longer-term...

Nothing at all. It's a matter of -- I've got to be honest with you. I've said this to Barbara that our Michigan markets have all the potential to look a lot like Bloomington over time. They're just good markets with just phenomenal people. I -- when I'm having a really bad day, I just call our Michigan President, who I don't think's ever had a bad day. But he's building a heck of a team, and we're really encouraged, if you can't tell. So I think that's going to look a lot like Bloomington or some of our other markets.

Could I get the number, Bob, for when I have bad days...

Sure. 1 (800) Phil Harbert. Now just be prepared, it's a long conversation, but it's all I need.

All right. Chris, for you, on regulatory costs. I know it's a lot of work and somewhat of the pain. But do you -- is there more needed, or do you think you have most of it captured in the run rate?

Well, I -- we've got most of it captured in the run rate, given the investment that we've made in our BSA/AML work. In fact, I think the number probably comes down as we get into a steady state and begin to amortize the cost of the systems work that we did. As Bob said, though, you don't know where the next regulation or where the next cost is going to come from. We're focused on stress testing and those kinds of things, so it feels like it's going to be kind of a regular event, as we have to look harder at responding to some of the requirements coming out of Washington.

Jon, I think the only wild card there is this desire to move banks to what they call strong. There's probably a cost for that. I'm not sure that any of us know what that is because when you ask what is strong, they'll give you the statements that I just gave. But sometimes, I think, after the exam, you're going to have a better sense of what strong is, and there may be some investment for all banks, quite frankly. So fortunately, we spent a full day with our board looking at what strong meant to us, and we're comfortable we've got the people in place and should not be much incremental cost. But obviously, our history is that we're going to do what we have to do the maintain that strong risk profile.

Okay. And then maybe just one more, if I can, question for Daryl.

He was kind of lonely, Jon. He's the Maytag salesman of Old National.

I figured that. For Daryl, the nonaccrual relationships, $2 million or greater. You have a slide in the very back. And in terms of the number of credits and the dollar amount, it's down materially. I'm just wondering if there's anything specific that happened there that's just the natural course of things as credit mends.

Yes, Jon, it is the natural course. We continue to work on these, and it's just, as we work on those through the tough economic environment, the larger credits have done a nice job of moving those out. So there is nothing really unusual. It's just the hard work that our guys are doing.

Your next question comes from the line of John Moran.

John Moran, actually. Say, just a real kind of quick one circling back on the operating expenses. The full run rate saves from the 18 consolidations, that was $3.5 million to $4 million. You expect that in the first quarter. Did you ever quantify what the run rate saves would be out of the 4 conversions and the 3 additional sales in fourth quarter? Or is that -- or am I at risk of double counting?

No, you're not at risk of double counting. It's separate, but we never really quantified it because, while it's meaningful, it's not significant. I think if you take the number that we gave you for the fourth quarter and divide it by the number of branches, it will give you a good indication of what it should be because our average cost is about the same per branch.

Okay, that's helpful. And then, Chris, you -- I think in your prepared remarks, you said, "Hey, look, there was an extra day on comp and several miscellaneous costs that contributed on the OpEx line item." Several miscellaneous costs that are expected to hang around, or is there an aggregate number that you could kind of tease out that might drop?

No. Yes, I don't have an aggregate number, but these were onesies, twosies, small deals that just seemed to be there in the third quarter. I guess implied there is that of those, I wouldn't expect to see them again in the fourth quarter, but not particularly material.

I think the bigger effect was the extra day on payroll.

Extra day on payroll, yes, which is a big -- not a small number. I think it's about a...

And just, yes, for modeling, that extra day is about $0.5 million. So we don't -- you always are going to have onesies and twosies.

Yes.

Got you. I'm not sure my controller likes the word onesies and twosies. All right. And then the last one for me, kind of nitty-gritty, but tax rate came in kind of well below where you guys were running in the first half of the year. Any thoughts there in terms of what we ought to be looking for going forward? And then was there anything unique this quarter about that?

I think, on a full year, that the GAAP number we expect to be is around 28%, which I think is a number we've talked about in previous quarters, correct. I think it's an important number for us. It's just an expense. And we continue to work really hard to make sure we're doing the right thing. But as our taxable income continues to increase through the acquisitions and things of that sort, it -- that number is just naturally going to rise.

Your next question comes from the line of Christopher McGratt (sic) [McGratty]. John Barber - Keefe, Bruyette, & Woods, Inc., Research Division: It's actually John Barber phoning in for Chris. Just wondering, how do you expect the Tower acquisition to impact your interest rate sensitivity?

It's a little early to tell you. And I think we always like to see what those final deposits are and how the marks are treated, but not materially different. And it's not a huge number, really, in terms of total as a percentage of the balance sheet. So we'll wait and see and watch that. We're certainly running the balance sheet with an eye towards what happens next year, but it doesn't really change my strategy any. John Barber - Keefe, Bruyette, & Woods, Inc., Research Division: And Bob, I know you mentioned that loan pricing is competitive across the footprint, but are you seeing any differentiation in pricing in Michigan or Northwest Indiana, some of the newer markets?

Michigan, not so bad. The cesspool of pricing is really Indianapolis right now. It is unbelievable. We're seeing a little bit in the other markets, but Indianapolis is where we've seen it. And actually, we've been pleased with what we've seen so far in Michigan and up in that part of the world, [indiscernible] in Indianapolis. John Barber - Keefe, Bruyette, & Woods, Inc., Research Division: And just the last one I had. You talked about how we have some clarity, finally, on Basel III. Any update to your long-term capital targets? I think the last I remember is that you used to target TCE of 6%; tier 1 common, 9%; and total capital, 13%.

I think, as we watch those numbers, we're a little more sensitive to the peer group numbers than we are to any targets that we've got only because we're trying to respond to what the regulators expect and those kinds of things. So we'll just continue to work our stress testing very hard and try to do the very best we can with the capital that we've got.

I just might note, John. You mentioned that we used to talk about a TCE at 6%. That number has probably crept up above that at this level, given Basel and the buffers and all, and it's probably closer to 7%. But absent that, we still believe that we're going to be very deliberate in our capital strategies and look to do what's right for the shareholders.

Your next question comes from the line of Taylor Brodarick.

Daryl, a question about, I guess, how long we can expect the under-provisioning/provision recapture, kind of how are we thinking about the reserve plus the marks? And is there any target you want to move it down towards?

Yes, there is no target that we're looking at right now. Charge-offs are low, our loss rates continue to come down, and our trends were good in the quarter. All of those enter into that mix. And it's so difficult, in today's environment, to know where all of those things are going. So -- and Taylor, in a short answer to you, we don't have a target that we're trying to get to. And it's just a quarter-by-quarter evaluation.

What I would say, Taylor, is as you think about your 2014, I would just make an assumption that whatever you have in your models for charge-offs, for modeling purposes, I would have you at least matching our charge-offs. Now that's not what we're going to do, but I think, for your modeling, it's probably the safest. We may or may not do that, but for your purposes for modeling, that's where I would go.

Your next question comes from the line of Peyton Green. Peyton N. Green - Sterne Agee & Leach Inc., Research Division: Just a question with regard to the interest rate sensitivity. Maybe, Chris, if you could just talk about where you're ultimately trying to go with it and what sacrifices you'll make. I mean, is it as simple as using the derivatives market with more swaps? Will that do it? Or would you look for more balance sheet shrinkage from the investment portfolio?

All of the above. I don't -- like I said in my comments, I feel good about where we are right now. I think we just want to be in a position to respond. We were pleased to be able to get the sale of the mortgages done. I mean, that's -- those are sometimes difficult trades, logistically, to put together. It went very well. I would prefer to not do those kinds of things again. I hate giving up 4.25% revenue. So I think we'll continue to try to do what we've done, which is reinvest the investment portfolio in a fairly conservative fashion and continue to expect that loan growth will continue to offset some of that in a higher-spread product. But as long as we've got this strong deposit base that we've got, a lot of non-maturity deposits, that gives us a lot of latitude, I believe, to take advantage of opportunities wherever they might be on the asset side. Peyton N. Green - Sterne Agee & Leach Inc., Research Division: Then, I guess, what were the terms on the swap that you executed?

We did several. Most of them -- as I said, they're pay-fixed-rate swaps, and they start anywhere from late this year to 2016, probably, Peyton. I think we've got a full breakdown of that in the Q, so you'll be able to see that when we release the Q. But generally speaking, nothing immediate. And it's a great tool for us. We feel like it helps with our economic value of equity without impacting our current net interest income too dramatically.

Our Q will be filed on Friday. It's got a pretty good -- it's got a very good disclosure in there of the...

I think they're all listed in there, yes.

Yes. Peyton N. Green - Sterne Agee & Leach Inc., Research Division: No, I was just curious if that would be a better tool to use now that spreads have come in a good bit more than they were for on -- at least on average compared to the third quarter. Is that something you're more likely to use going forward? Or really, just you're going to be using that combination?

No. Again, I think we'll just take advantage of things as they happen. If we get a nice run on the fixed income mark and we have the opportunity to sell some paper, we'll probably do that. I mean, it's just a -- it's whatever makes sense at the time. This has been a good product. It's accounting friendly for us. But again, with a relatively small wholesale -- portfolio of wholesale funding, it's kind of difficult to do these things and still stay in good graces with the accountants, but we'll do what we can.

And there are no further audio questions at this time.

Great. As always, if you have follow-up questions, please give Lynell a call. And again, for anybody that's still on the phone, from all of us at Old National, thank you so much for your prayers, kind words and support of Lynell during her family's challenges. It's reflective of the quality of the people that are on the phone and reflective of all of our caring attitude towards Lynell. So have a great day, and we look forward to talking to you.

This concludes Old National's call. Once again, a replay, along with the presentation slides, will be available for 12 months on the Investor Relations page of Old National's website, oldnational.com. A replay of the call will also be available by dialing 1 (855) 859-2056, conference ID code 85826718. This replay will be available through November 11. If anyone has additional questions, please contact Lynell Walton at (812) 464-1366. Thank you for your participation in today's conference call.