Company: OSBC
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001104659-25-045103
Chunk: 223

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-06
Form: S-4/A
Chunk 223
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 ​ | ​ |
| Depreciation                           | ​ | ​ | ​            | ​ |     69,763 | ​ | ​ | ​ | ​    | ​ |    180,222 | ​ | ​ |
| ​                                      | ​ | ​ | ​            | ​ |    506,757 | ​ | ​ | ​ | ​    | ​ |    576,133 | ​ | ​ |
| Net deferred tax asset                 | ​ | ​ | ​            | $ | 11,528,896 | ​ | ​ | ​ | ​    | $ | 10,304,767 | ​ | ​ |

F-30

TABLE OF CONTENTS

Bancorp Financial, Inc. and Subsidiary Notes to Consolidated Financial Statements Note 10. Income Taxes (continued) The components of income tax expense are as follows:

| ​        
 ​        | ​ 
 ​ | ​ 
 ​ | Years ended December 31, 
 2024                     |   |           |   | ​ | ​ | 2023 |   |            |   | ​ 
 ​ |
|:---------|:--|:--|:-------------------------|:--|----------:|:--|:--|:--|:-----|:--|-----------:|:--|:--|
| Current  | ​ | ​ | ​                        | $ | 2,272,833 | ​ | ​ | ​ | ​    | $ |  2,591,887 | ​ | ​ |
| Deferred | ​ | ​ | ​                        | ​ |  -898,134 | ​ | ​ | ​ | ​    | ​ | -1,074,159 | ​ | ​ |
| ​        | ​ | ​ | ​                        | $ | 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 |   |           |   | ​ 
 ​ |
|:-------------------------------------|:--|:--|:-------------------------|:--|----------:|:--|:--|:--