Company: OSBC
Filing Date: 2025-04-23
Form Type: S-4
Source: 0001104659-25-037832
Chunk: 132

Company: OLD SECOND BANCORP INC
Filing Date: 2025-04-23
Form: S-4
Chunk 132
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 | $ | 1,437,869 | ​ | ​ |
| Liabilities                                                                             | ​ | ​ | ​ | ​ |         ​ | ​ | ​ |
| Noninterest bearing deposits                                                            | ​ | ​ | ​ | $ |    72,349 | ​ | ​ |
| Interest bearing deposits                                                               | ​ | ​ | ​ | ​ | 1,167,992 | ​ | ​ |
| Total deposits                                                                          | ​ | ​ | ​ | ​ | 1,240,341 | ​ | ​ |
| Short-term borrowings                                                                   | ​ | ​ | ​ | ​ |    31,000 | ​ | ​ |
| Long-term debt                                                                          | ​ | ​ | ​ | ​ |    15,000 | ​ | ​ |
| Deferred tax liabilities                                                                | ​ | ​ | ​ | ​ |     1,873 | ​ | ​ |
| Other liabilities                                                                       | ​ | ​ | ​ | ​ |    16,369 | ​ | ​ |
| Total liabilities assumed                                                               | ​ | ​ | ​ | ​ | 1,304,583 | ​ | ​ |
| Net assets acquired                                                                     | ​ | ​ | ​ | $ |   133,286 | ​ | ​ |
| Preliminary goodwill                                                                    | ​ | ​ | ​ | $ |    50,568 | ​ | ​ |

Note 3: Pro Forma Adjustment to Unaudited Condensed Combined Financial Information The following pro forma adjustments have been reflected in the unaudited pro forma condensed combined financial information. All adjustments are based on preliminary assumptions and valuations, which are subject to change.

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TABLE OF CONTENTS

(A) Adjustments to cash to reflect the estimated cash components of the merger consideration of $50.0 million, based on 3,139,058 shares of Bancorp Financial common stock outstanding as of March 14, 2025, and an adjustment of $12.5 million to payoff Bancorp Financial debt. Purchase accounting adjustments to cash include a $10.4 million reduction due to after tax acquisition costs. Cash outflows are also impacted by the runoff of approximately $149.7 million of brokered CDs, partially offset by anticipated net proceeds on the sale of Bancorp Financial’s available for sale securities of $122.8 million and solar loan portfolio sales proceeds of $32.9 million. (B) Adjustment to Bancorp Financial specific to the anticipated sale of $122.8 million of available for sale securities and subsequent reinvestment of $33