Company: OSBC
Filing Date: 2025-05-08
Form Type: 424B3
Source: 0001104659-25-046065
Chunk: 221

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-08
Form: 424B3
Chunk 221
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1,608 | ​ | ​ |
| ​                             | ​ | ​ | ​            | ​ | 8,231,780 | ​ | ​ | ​ | ​    | ​ | 8,109,614 | ​ | ​ |
| Less accumulated depreciation | ​ | ​ | ​            | ​ | 5,967,802 | ​ | ​ | ​ | ​    | ​ | 5,538,239 | ​ | ​ |
| Premises and equipment, net   | ​ | ​ | ​            | $ | 2,263,978 | ​ | ​ | ​ | ​    | $ | 2,571,375 | ​ | ​ |

Depreciation of premises and equipment was $458,938 and $512,809 for the years ended December 31, 2024 and 2023, respectively. Note 5. Leases The Company is obligated under four non-cancellable operating lease agreements for its corporate office, one branch property, one loan production office, and copy machines. The leases have varying terms, the longest of which will end in 2028. The Company’s lease agreements include options to renew at the Company’s discretion. The extensions are not reasonably certain to be exercised; therefore, they were not considered in the calculation of the ROU asset and lease liability. The following table represents the classification of the Company’s right of use assets and lease liabilities for the years ended December 31, 2024 and 2023, respectively:

| ​                                   
 ​                                   | ​ 
 ​ | ​ 
 ​ | December 31, 
 2024         |   |           |   | ​ | ​ | 2023 |   |           |   | ​ 
 ​ |
|:------------------------------------|:--|:--|:-------------|:--|----------:|:--|:--|:--|:-----|:--|----------:|:--|:--|
| Operating lease right-of-use assets | ​ | ​ | ​            | $ | 2,241,318 | ​ | ​ | ​ | ​    | $ | 2,815,658 | ​ | ​ |
| Operating lease liabilities         | ​ | ​ | ​            | $ | 2,388,474 | ​ | ​ | ​ | ​    | $ | 3,029,498 | ​ | ​ |

The right of use assets and the lease obligations are broken out in the accompanying consolidated balance sheet. At December 31