Company: OSBC
Filing Date: 2025-04-23
Form Type: S-4
Source: 0001104659-25-037832
Chunk: 220

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-23
Form: S-4
Chunk 220
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 Statements Note 5. Leases (continued) 2.37 %. At December 31, 2023, the weighted-average remaining lease term for the operating leases was 2.3 years and the weighted-average discount rate used in the measurement of operating lease liabilities was 1.82%. At implementation, the Company utilized the FHLB fixed rate advance rate as of January 1, 2022 for the term most closely aligning with the remaining lease term. A new lease was added in June 2023 and August 2024. The Company utilized the FHLB fixed rate advance rate as of June 12, 2023 and August 8, 2024 for the term most closely aligning with the lease term for these new leases. Cash paid for amounts included in the measurement of lease liabilities was $1,267,858 for the year ended December 31, 2024. Cash paid for amounts included in the measurement of lease liabilities was $1,230,648 for the year ended December 31, 2023. Future minimum payments under non-cancellable operating leases with terms longer than 12 months, are disclosed below at December 31, 2024. Future minimum payments on shorter term lease are excluded as the amounts are insignificant.

| ​ |                                    Years ending December 31: | ​ | ​ | ​ | ​ |         ​ | ​ | ​ |
|:--|-------------------------------------------------------------:|:--|:--|:--|:--|----------:|:--|:--|
| ​ |                                                         2025 | ​ | ​ | ​ | $ | 1,277,485 | ​ | ​ |
| ​ |                                                         2026 | ​ | ​ | ​ | ​ |   931,562 | ​ | ​ |
| ​ |                                                         2027 | ​ | ​ | ​ | ​ |   212,587 | ​ | ​ |
| ​ |                                                         2028 | ​ | ​ | ​ | ​ |    35,618 | ​ | ​ |
| ​ |                Total future minimum operating lease payments | ​ | ​ | ​ | ​ | 2,457,252 | ​ | ​ |
| ​ |                                Amounts representing interest | ​ | ​ | ​ | ​ |   -68,778 | ​ | ​ |
| ​ | Present value of net future minimum operating lease payments | ​ | ​ | ​ | $ | 2,388,474 | ​ | ​ |

Note 6