Company: OSBC
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001104659-25-045103
Chunk: 215

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-06
Form: S-4/A
Chunk 215
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 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, 2024, the weighted-average remaining lease term for the operating leases was 2.0 years and the weighted-average discount rate used in the measurement of operating lease liabilities was

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TABLE OF CONTENTS

Bancorp Financial, Inc. and Subsidiary Notes to Consolidated Financial Statements Note 5. Leases (continued) 2.37 %. At December 31, 2023, the weighted-average remaining lease term for the operating leases was 2.3 years and the weighted-average discount rate used in the measurement of operating lease liabilities was 1.82%. At implementation, the Company utilized the FHLB fixed rate advance rate as of January 1, 2022 for