Company: OSBC
Filing Date: 2025-03-06
Form Type: 10-K
Source: 0001558370-25-002383
Chunk: 19

Company: OLD SECOND BANCORP INC
Filing Date: 2025-03-06
Form: 10-K
Item: Item 8
Chunk 19
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Item 8.  Financial Statements and Supplementary Data

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Old Second Bancorp, Inc. and Subsidiaries

Consolidated Balance Sheets

December 31, 2024 and 2023

(In thousands, except per share data)

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​​​​​​​​​December 31, ​December 31, ​    2024    2023Assets​​​​​​Cash and due from banks​$ 52,175​$ 55,534Interest earning deposits with financial institutions​​ 47,154​​ 44,611Cash and cash equivalents​​ 99,329​​ 100,145Securities available-for-sale, at fair value​​ 1,161,701​​ 1,192,829Federal Home Loan Bank Chicago (“FHLBC”) and Federal Reserve Bank Chicago (“FRBC”) stock​​ 19,441​​ 33,355Loans held-for-sale​​ 1,556​​ 1,322Loans​​ 3,981,336​​ 4,042,953Less: allowance for credit losses on loans​​ 43,619​​ 44,264Net loans​​ 3,937,717​​ 3,998,689Premises and equipment, net​​ 87,311​​ 79,310Other real estate owned​​ 21,617​​ 5,123Mortgage servicing rights, at fair value​​ 10,374​​ 10,344Goodwill​​ 93,260​​ 86,478Core deposit intangible​​ 22,031​​ 11,217Bank-owned life insurance (“BOLI”)​​ 112,751​​ 109,318Deferred tax assets, net​​ 26,619​​ 31,077Other assets​​ 55,670​​ 63,592Total assets​$ 5,649,377​$ 5,722,799​​​​​​​Liabilities​​​​​​Deposits:​​​​​​Noninterest bearing demand​$ 1,704,920​$ 1,834,891Interest bearing:​​​​​​Savings, NOW, and money market​​ 2,315,134​​ 2,207,949Time​​ 748,677​​ 527,906Total deposits​​ 4,768,731​​ 4,570,746Securities sold under repurchase agreements​​ 36,657​​ 26,470Other short-term borrowings​​ 20,000​​ 405,000Junior subordinated