Company: OSBC
Filing Date: 2025-02-26
Form Type: 425
Source: 0000357173-25-000023
Chunk: 10

Company: OLD SECOND BANCORP INC
Filing Date: 2025-02-26
Form: 425
Chunk 10
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 that ratio going forward?

James Eccher - Chairman and CEO of Old Second Bancorp, Inc. & Old Second National Bank

I mean, we're 82% right now, roughly stand-alone Evergreen is at 100%. So pro forma, we're at roughly 86%. We're obviously very comfortable with that. We feel we can certainly take this up to 90%, a little even higher than that.

Bradley Adams - EVP, Chief Operating & Chief Financial Officer, Old Second Bancorp, Inc.

Yes. I don't get nervous until 95%. So, there's plenty of room. I'd like the mix to be a little better at some point.

Q:Okay, that is really helpful. I appreciate all the color. Thanks guys and congrats on the deal.

Bradley Adams - EVP, Chief Operating & Chief Financial Officer, Old Second Bancorp, Inc.

Thank you, Nate.

Operator

Thank you. [Operator Instructions]. Our next question is coming from David Long with Raymond James. Your line is live.

Q:Good morning, guys.

James Eccher - Chairman and CEO of Old Second Bancorp, Inc. & Old Second National Bank

Hi, Dave.

Bradley Adams - EVP, Chief Operating & Chief Financial Officer, Old Second Bancorp, Inc.

Bradley Adams - EVP, Chief Operating & Chief Financial Officer, Old Second Bancorp, Inc.

Q:In your prepared comments, I think the comment was made that this was viewed as your best use of your excess capital right now. Can you talk about maybe what finished second and third on the list? Or what are the other uses of capital that may have been close to leading to a transaction of some sort.

Bradley Adams - EVP, Chief Operating & Chief Financial Officer, Old Second Bancorp, Inc.

Are you looking for a ticker, Dave? Is that what you're asking?

Q:Not necessarily. If it's M&A, then, hey, it was other banks you're talking to, then that's fine.

Bradley Adams - EVP, Chief Operating & Chief Financial Officer, Old Second Bancorp, Inc.

So, I mean, you've heard us say on the last couple of calls that there's been a lot of discussion activity. I do think discussions are robust right now and probably your friendly neighborhood investment banker would tell you the same. It's a difficult environment for a number of people that have balance sheet structured in a certain way. So, when there are difficult environments, there are opportunities