Company: OSBC
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001104659-25-045103
Chunk: 164

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-06
Form: S-4/A
Chunk 164
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34% as of December 31, 2024, from 0.87% as of December 31, 2023. Nonperforming loans consist of nonaccrual loans and loans 90 days or greater past due and still accruing interest. Accrual of interest on all loans, except for powersport loans and certain installment loans, is discontinued at the time the loan is 90 days past due unless the credit is well-secured and in process of collection. When a loan is placed on nonaccrual status, interest previously accrued but not collected in the current period is reversed against current period interest income. Interest income that would have been recognized during 2024 and 2023 had these loans been on an accrual basis throughout the year was approximately $227,000 and $19,000, respectively. Repossessed assets consist of powersport and collector car vehicles that have been written down to the lower of cost or fair value and are awaiting sale at auction. Total past due loans, including accruing and nonaccrual loans, totaled $21.3 million at December 31, 2024, a $7.4 million decrease from $28.7 million at December 31, 2023. Past due loans to gross loans decreased to 1.76% at December 31, 2024 compared to 2.31% at December 31, 2023, due primarily to one significant delinquent participation loan that was delinquent at year ended 2023 and renewed early in 2024.

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TABLE OF CONTENTS

The following table shows classified loans by segment for the dates indicated:

| ​                                     
 (Dollars in thousands)                | ​ 
 ​ | ​ 
 ​ | Classified Loans as of December 31, 
 2024                                |   |        |   | ​ | ​ | 2023 |   |        |   | ​ | ​ | PercentChange |   |       |   | ​ 
 ​ |
|:--------------------------------------|:--|:--|:------------------------------------|:--|-------:|:--|:--|:--|:-----|:--|-------:|:--|:--|:--|:--------------|:--|------:|:--|:--|
| Commercial and industrial             | ​ | ​ | ​                                   | $ |    576 | ​ | ​ | ​ | ​    | $ |  1,925 | ​