Company: OSBC
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001104659-25-045103
Chunk: 155

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-06
Form: S-4/A
Chunk 155
---
 | ​ | ​             | ​ |  1,067 | ​ | ​ | ​ | ​           | ​ | 12,527 | ​ | ​ |
| Net interest and dividend income   | ​ | ​ | ​                     | $ |   -635 | ​ | ​ | ​ | ​             | $ | -1,037 | ​ | ​ | ​ | ​           | $ | -1,672 | ​ | ​ |

Provision for credit losses The provision for credit losses is the amount of expense necessary to maintain the ACL at levels appropriate to absorb our estimate of credit losses expected over the life of our loan portfolio and unfunded lending commitments. We recorded a provision for credit losses of $11.4 million in 2024, compared to $11.6 million in 2023. The reduction is due to a decrease in loan balances outstanding and lower net charge offs in the commercial real estate portfolio, partially offset by increased charge offs in the powersport loan portfolio. Noninterest income The following table sets forth our noninterest income for the years ended December 31, 2024 and 2023:

| ​                                                            
 (Dollars in thousands)                                       | ​ 
 ​ | ​ 
 ​ | Noninterest income for the TwelveMonths ending December 31, 
 2024                                                        |   |       |   | ​ | ​ | 2023 |   |       |   | ​ 
 ​ | ​ 
 ​ | PercentChange From 
 2024 – 2023        |   |      |   | ​ 
 ​ |
|:-------------------------------------------------------------|:--|:--|:------------------------------------------------------------|:--|------:|:--|:--|:--|:-----|:--|------:|:--|:--|:--|:-------------------|:--|-----:|:--|:--|
| Customer service fees                                        | ​ | ​ | ​                                                           | $ |   320 | ​ | ​ | ​ | ​    | $ |   278 | ​ | ​ | ​ | ​                  | ​ | 15.1 | ​ | ​ |
| Income from bank owned life insurance                        | ​ | ​ | ​                                                           | ​ |   380 | ​ | ​ | ​ | ​    | ​ |   345 | ​ | ​ | ​ | ​                  | ​ | 10.1 | ​ | ​ |
| Net gain on available for sale securities                    | ​ | ​ | ​