Company: OSBC
Filing Date: 2025-04-18
Form Type: DEF 14A
Source: 0001558370-25-005000
Chunk: 48

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-18
Form: DEF 14A
Chunk 48
---
AA | ​ |        120 | ​    |
| ROAA                |   | > 90% of peer group median ROAA |   |        130 | (3)​ |

| (1) | Represents the threshold level of performance necessary to earn any portion of this objective, which will result in 40% of the assigned weight being earned. |

| (2) | Represents the target level of performance for this objective, which will result in 100% of the assigned weight being earned. |

| (3) | Represents the maximum level of performance for this objective, which will result in 130% of the assigned weight being earned. The median return on average assets, or ROAA, for all peers listed above under “Compensation Process — Peer Group,” was used as a baseline for this metric. |

Our Adjusted Net Income in 2024 was $86.4 million, and our reported net income was $85.3 million. Our adjusted ROAA of 1.53% exceeded our peer group median. Accordingly, each named executive officer earned 130.0% of the assigned weight for this performance objective. Asset/Credit Quality Mr. Eccher, Mr. Collins and Mr. Pilmer each had a performance objective related to asset quality, which was composed of two metrics, each making up 50% of the total assigned weight for this performance objective. The Compensation Committee believes that a continued focus by these executives on our asset/credit quality will ensure that we are working toward sustainable growth and profitability. These metrics were (a) nonperforming assets to total loans plus OREO and (b) net chargeoffs to average total loans. As noted in the table below, each of these asset/credit quality metrics represents 50% of this total performance metric, if earned at target.

| ​                    | ​ |               ​ | ​    | ​ | ​                                   | ​ |               ​ | ​    |
| Nonperforming Assets |   |      Percent of | ​    |   | ​                                   |   |      Percent of | ​    |
| to Loans + OREO      | ​ | Assigned Weight | ​    |   | Net Chargeoffs to Average Loans     | ​ | Assigned Weight | ​    |
| (%)                  | ​ |              -% | ​    |   | -%                                  | ​ |              -% | ​    |
| 2.10                 | ​ |              50 | (1)​ | ​ | 25%