Company: OSBC
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001104659-25-045103
Chunk: 181

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-06
Form: S-4/A
Chunk 181
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See Notes to Consolidated Financial Statements. F-8

TABLE OF CONTENTS

Bancorp Financial, Inc. and Subsidiary Consolidated Statements of Cash Flows
Years Ended December 31, 2024 and 2023

| ​                                                                                 
 Cash Flows From Operating Activities                                              | ​ 
 ​ | ​ 
 ​ | 2024 
 ​    | ​ |           ​ | ​ | ​ 
 ​ | ​ 
 ​ | 2023 
 ​    | ​ |           ​ | ​ | ​ 
 ​ |
|:----------------------------------------------------------------------------------|:--|:--|:-----|:--|------------:|:--|:--|:--|:-----|:--|------------:|:--|:--|
| Net income                                                                        | ​ | ​ | ​    | $ |   5,083,769 | ​ | ​ | ​ | ​    | $ |   5,790,183 | ​ | ​ |
| Adjustments to reconcile net income to net cash provided by operating activities: | ​ | ​ | ​    | ​ |           ​ | ​ | ​ | ​ | ​    | ​ |           ​ | ​ | ​ |
| Depreciation                                                                      | ​ | ​ | ​    | ​ |     458,938 | ​ | ​ | ​ | ​    | ​ |     512,809 | ​ | ​ |
| Amortization on securities, net                                                   | ​ | ​ | ​    | ​ |     383,100 | ​ | ​ | ​ | ​    | ​ |     462,574 | ​ | ​ |
| Provision for credit losses                                                       | ​ | ​ | ​    | ​ |  11,375,000 | ​ | ​ | ​ | ​    | ​ |  11,575,000 | ​ | ​ |
| Valuation adjustment for foreclosed and reposessed assets                         | ​ | ​ | ​    | ​ |      10,178 | ​ | ​ | ​ | ​    | ​ |      53,003 | ​ | ​ |
| Stock compensation expense                                                        | ​ | ​ | ​    | ​ |   1,429,099 | ​ | ​ | ​ | ​    | ​ |   1,398,137 | ​ | ​ |
| (Gain) loss on sale of foreclosed and repossessed assets                          | ​ | ​ | ​    | ​ |    -135,739