Company: OSBC
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001104659-25-045103
Chunk: 168

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-06
Form: S-4/A
Chunk 168
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| Installment and other                 | ​ | ​ | ​      | ​ |  1,736 | ​ | ​ | ​ | ​                                       | ​ | 1.1 | ​ | ​ | ​ | ​      | ​ |  2,114 | ​ | ​ | ​ | ​                                       | ​ | 1.4 | ​ | ​ |
| Total                                 | ​ | ​ | ​      | $ | 20,649 | ​ | ​ | ​ | ​                                       | ​ | 1.7 | ​ | ​ | ​ | ​      | $ | 21,065 | ​ | ​ | ​ | ​                                       | ​ | 1.7 | ​ | ​ |

Allocations of the ACL may be made for specific loans, but the entire allowance is available for losses in the loan portfolio. Our management has an effective system of controls to identify, monitor and address asset quality problems; has analyzed the significant factors that affect the collectability of the portfolio; and has established an acceptable evaluation process for the ACL that meets the objectives set forth by the regulatory bodies. Although management believes the ACL is sufficient to cover expected losses over the estimated life of our loan portfolio, there can be no assurance that the ACL will prove sufficient to cover actual loan losses. Provision expense may be more volatile due to changes in model assumptions of credit quality, macroeconomic factors and conditions, and loan composition, which drive the ACL balance. Repossessed Assets Repossessed assets were $0.7 million as of December 31, 2024 and $1.0 million at December 31, 2023. Repossessed assets consist of powersport and collector car vehicles that have been written down to the lower of cost or fair value and are awaiting sale at auction. The balance consists of 134 and 143 vehicles at December 31, 2024 and 2023, respectively. There was no other real estate owned at year end 2024 or 2023. Deposits Total deposits decreased by $57.0 million, or 4.4%, to a total of $1.2 billion at December 31, 2024, compared to year-end 2023 due to decreases in time deposits of $117.6 million, NOW and money market accounts of $15.4 million and noninterest bearing demand deposits of $2.3 million, partially offset by an increase in savings deposits of $78.3 million. The increase in savings was the result of growth in the