Company: OSBC
Filing Date: 2025-05-08
Form Type: 424B3
Source: 0001104659-25-046065
Chunk: 211

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-08
Form: 424B3
Chunk 211
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 the years ended December 31, 2024 and 2023 was $226,745 and $19,205, respectively. Management’s evaluation as to the ultimate collectability of loans includes estimates regarding future cash flows from operations and the value of property, real and personal, pledged as collateral. These estimates are affected by changing economic conditions and the economic prospects of borrowers. Collateral dependent loans are loans in which repayment is expected to be provided solely by the underlying collateral and there are no other available and reliable sources of repayment. Loans are written down to the lower of cost or fair value of underlying collateral, less estimated costs to sell. The Company had $1,760,708 of collateral dependent loans secured by real-estate and $24,471 secured by automobiles at December 31, 2024. The Company had $235,574 of collateral dependent loans secured by real-estate and $35,891 secured by automobiles at December 31, 2023. For commercial loans, the Company’s credit quality indicator is internally assigned risk ratings. Each commercial loan is assigned a risk rating upon origination. Consumer loans, excluding powersport loans, are assigned a risk rating once a loan is added to the watch list. The risk rating is reviewed on a periodic basis depending on the specific circumstances of the loan. The following tables present the risk categories of loans evaluated by segment of loans based on the most recent analysis performed and the contractual aging as of December 31, 2024 and 2023:

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 Pass |   |             |   | ​ | ​ | SpecialMention |   |            |   | ​ | ​ | SubstandardAccrual |   |            |   | ​ | ​ | SubstandardNon-Accrual |   |           |   | ​ | ​ | Doubtful |   |   |   | ​ | ​ | Loss |   |   |   | ​ | ​ | Total |   |             |   | ​ 
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