Company: OSBC
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000357173-25-000035
Chunk: 2

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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Item 1. Financial Statements

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Old Second Bancorp, Inc. and Subsidiaries

Consolidated Balance Sheets

(In thousands, except share data)

​​​​​​​​​(unaudited)​​​​​March 31, ​December 31, ​    2025    2024Assets​​​​​​Cash and due from banks​$ 52,703​$ 52,175Interest earning deposits with financial institutions​​ 203,418​​ 47,154Cash and cash equivalents​​ 256,121​​ 99,329Securities available-for-sale, at fair value​​ 1,146,721​​ 1,161,701Federal Home Loan Bank Chicago (“FHLBC”) and Federal Reserve Bank Chicago (“FRBC”) stock​​ 19,441​​ 19,441Loans held-for-sale​​ 4,202​​ 1,556Loans​​ 3,940,232​​ 3,981,336Less: allowance for credit losses on loans​​ 41,551​​ 43,619Net loans​​ 3,898,681​​ 3,937,717Premises and equipment, net​​ 87,466​​ 87,311Other real estate owned​​ 2,878​​ 21,617Mortgage servicing rights, at fair value​​ 9,938​​ 10,374Goodwill​​ 93,232​​ 93,260Core deposit intangible​​ 20,994​​ 22,031Bank-owned life insurance (“BOLI”)​​ 113,249​​ 112,751Deferred tax assets, net​​ 23,684​​ 26,619Other assets​​ 51,079​​ 55,670Total assets​$ 5,727,686​$ 5,649,377​​​​​​​Liabilities​​​​​​Deposits:​​​​​​Noninterest bearing demand​$ 1,713,711​$ 1,704,920Interest bearing:​​​​​​Savings, NOW, and money market​​ 2,434,579​​ 2,315,134Time​​ 704,501​​ 748,677Total deposits​​ 4,852,791​​ 4,768,731Securities sold under repurchase agreements​​ 38,664​​ 36,657Other short-term borrowings​​ -​​ 20,000Junior subordinated debentures​​ 25,773​​ 25,773