Company: OSBC
Filing Date: 2025-05-08
Form Type: 424B3
Source: 0001104659-25-046065
Chunk: 230

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-08
Form: 424B3
Chunk 230
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 $ | 1,374,699 | ​ | ​ | ​ | ​    | $ |  1,517,728 | ​ | ​ |

The table below presents a reconciliation of the amount of income tax expense and the amount computed at the applicable statutory federal rate of 21% for 2024 and 2023:

| ​                                    
 ​                                    | ​ 
 ​ | ​ 
 ​ | Years ended December 31, 
 2024                     |   |           |   | ​ | ​ | 2023 |   |           |   | ​ 
 ​ |
|:-------------------------------------|:--|:--|:-------------------------|:--|----------:|:--|:--|:--|:-----|:--|----------:|:--|:--|
| Federal income tax at statutory rate | ​ | ​ | ​                        | $ | 1,356,278 | ​ | ​ | ​ | ​    | $ | 1,534,661 | ​ | ​ |
| State taxes, net of federal benefit  | ​ | ​ | ​                        | ​ |   222,618 | ​ | ​ | ​ | ​    | ​ |   256,648 | ​ | ​ |
| Other                                | ​ | ​ | ​                        | ​ |  -204,197 | ​ | ​ | ​ | ​    | ​ |  -273,581 | ​ | ​ |
| ​                                    | ​ | ​ | ​                        | $ | 1,374,699 | ​ | ​ | ​ | ​    | $ | 1,517,728 | ​ | ​ |

Note 11. Commitments, Contingencies and Credit Risk Financial instruments with off-balance-sheet risk: The Company is party to financial instruments with off-balance-sheet risk in the normal course of business to meet the financing needs of its customers. These financial instruments are limited to commitments to extend credit and standby letters of credit. Such commitments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is represented by the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. A summary of the Company’s commitments is as follows:

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