For the year ending 2025-12-31.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Service charges on deposits-Fiduciary And Trust | 13,244 | - | ||
| Service charges on deposits-Deposit Account | 11,282 | - | ||
| Service charges on deposits-Mortgage Banking | 372 | - | ||
| Service charges on deposits-Mortgage Servicing | 1,865 | - | ||
| Mortgage servicing rights mark to market loss | 1,918 | 723 | ||
| Net gain on sales of mortgage loans | 2,291 | 1,805 | ||
| Securities gains (losses), net | 7 | - | ||
| Change in cash surrender value of boli | 3,197 | 7,238 | ||
| Death benefit realized on boli | 430 | 905 | ||
| Service charges on deposits | - | 21,652 | ||
| Card related income | 10,619 | 10,114 | ||
| Other income | 4,973 | 4,218 | ||
| Total noninterest income | 46,362 | 43,819 | ||
| Loans, including fees | 305,775 | 253,319 | ||
| Total interest expense | - | 56,269 | ||
| Loans held-for-sale | 127 | 94 | ||
| Taxable | 38,194 | 34,656 | ||
| Tax exempt | 4,943 | 5,164 | ||
| Dividends from fhlbc and frbc stock | 1,517 | 2,278 | ||
| Interest bearing deposits with financial institutions | 4,625 | 2,393 | ||
| Total interest and dividend income | 355,181 | 297,904 | ||
| Savings, now, and money market deposits | 27,468 | 17,866 | ||
| Time deposits | 28,898 | 20,147 | ||
| Securities sold under repurchase agreements | 229 | 337 | ||
| Other short-term borrowings | 1,969 | 14,607 | ||
| Junior subordinated debentures | 1,152 | 1,127 | ||
| Subordinated debentures | 2,185 | 2,185 | ||
| Notes payable and other borrowings | 316 | - | ||
| Total interest expense | 62,217 | - | ||
| Net interest and dividend income | 292,964 | 241,635 | ||
| Provision for credit losses | 27,553 | 12,750 | ||
| Net interest and dividend income after provision for credit losses | 265,411 | 228,885 | ||
| Salaries and employee benefits | 124,662 | 98,025 | ||
| Occupancy, furniture and equipment | 19,054 | 16,159 | ||
| Computer and data processing | 13,840 | 9,473 | ||
| Fdic insurance | 2,844 | 2,543 | ||
| Net teller & bill paying | 2,720 | 2,244 | ||
| General bank insurance | 1,449 | 1,268 | ||
| Amortization of core deposit intangible | 4,545 | 2,440 | ||
| Advertising expense | 1,331 | 1,243 | ||
| Card related expense | 6,229 | 5,555 | ||
| Legal fees | 1,724 | 1,326 | ||
| Consulting & management fees | 3,942 | 2,496 | ||
| Other real estate expense, net | 2,117 | 2,220 | ||
| Other expense | 19,565 | 14,756 | ||
| Total noninterest expense | 204,022 | 159,748 | ||
| Income before income taxes | 107,751 | 112,956 | ||
| Provision for income taxes | 27,441 | 27,692 | ||
| Net income | 80,310 | 85,264 | ||
| Basic EPS | 1.64 | 1.9 | ||
| Diluted EPS | 1.62 | 1.87 | ||
| Basic Average Shares | 48,875,540 | 44,828,290 | ||
| Diluted Average Shares | 49,669,539 | 45,639,351 | ||
OLD SECOND BANCORP INC (OSBC)
OLD SECOND BANCORP INC (OSBC)