Company: OSBC
Filing Date: 2025-05-06
Form Type: S-4/A
Source: 0001104659-25-045103
Chunk: 235

Company: OLD SECOND BANCORP INC
Filing Date: 2025-05-06
Form: S-4/A
Chunk 235
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 ​ | ​ | ​ | ​ | ​                                          | ​ | ​ | ​ | ​ | ​ | ​                                            | ​ |          ​ | ​ | ​ |
| Loans individually evaluated for credit loss | ​ | ​ | ​                                                  | $ | 16,774,343 | ​ | ​ | ​ | ​                                                           | $ | — | ​ | ​ | ​ | ​                                          | $ | — | ​ | ​ | ​ | ​                                            | $ | 16,774,343 | ​ | ​ |
| Repossessed assets                           | ​ | ​ | ​                                                  | ​ |  1,033,509 | ​ | ​ | ​ | ​                                                           | ​ | — | ​ | ​ | ​ | ​                                          | ​ | — | ​ | ​ | ​ | ​                                            | ​ |  1,033,509 | ​ | ​ |

Loans individually evaluated for credit loss: The Company does not record loans at fair value on a recurring basis. However, periodically, a loan is evaluated individually and is reported at the lower of cost or fair value of the underlying collateral, less estimated costs to sell, if repayment is expected solely from the collateral. If the collateral value is not sufficient, a specific reserve is recorded. Collateral values are estimated using a combination of observable inputs, including recent appraisals, and unobservable inputs based on customized discounting criteria. Due to the significance of unobservable inputs, fair values of individually evaluated collateral dependent loans have been classified as Level 3. Repossessed assets: Repossessed assets are carried at the estimated fair value of the asset, less disposal costs. The fair value of the asset is determined based upon appraisals. As with individually evaluated loans, if significant adjustments are made to the appraised value, based upon unobservable inputs, the resulting fair value measurement is categorized as a Level 3 measurement. Note 14. Earnings Per Share Basic earnings per share is computed by dividing net income for the period by the weighted average number of common shares outstanding. Diluted earnings per common share is computed using the treasury stock method and reflects the potential dilution that could occur if stock-based awards from the Company’s Incentive Compensation Plan were exercised or issued. Earnings per common share have been computed as follows:

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 ​ | For the years ended December 31, 
 2024                             |   |           |   | ​ | ​ | 2023 |   |           |