Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2016

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments

	December 31, 2016
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	33,805	$	33,805	$	33,805	$	-	$	-
Interest bearing deposits with financial institutions		13,529		13,529		13,529		-		-
Securities available-for-sale		531,838		531,838		-		506,493		25,345
FHLBC and FRBC Stock		7,918		7,918		-		7,918		-
Loans held-for-sale		4,918		4,918		-		4,918		-
Loans, net		1,462,651		1,453,429		-		-		1,453,429
Accrued interest receivable		5,928		5,928		-		5,928		-
Financial liabilities:
Noninterest bearing deposits	$	513,688	$	513,688	$	513,688	$	-	$	-
Interest bearing deposits		1,353,097		1,351,000		-		1,351,000		-
Securities sold under repurchase agreements		25,715		25,715		-		25,715		-
Other short-term borrowings		70,000		70,000		-		70,000		-
Junior subordinated debentures		57,591		55,163		32,404		22,759		-
Senior notes		43,998		43,998		-		43,998		-
Interest rate swap agreements		994		994		-		994		-
Borrowing interest payable		202		202		-		202		-
Deposit interest payable		599		599		-		599		-

	December 31, 2015
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	26,975	$	26,975	$	26,975	$	-	$	-
Interest bearing deposits with financial institutions		13,363		13,363		13,363		-		-
Securities available-for-sale		456,066		456,066		1,509		454,446		111
Securities held-to-maturity		247,746		251,675		-		251,675		-
FHLBC and FRBC Stock		8,518		8,518		-		8,518		-
Loans held-for-sale		2,849		2,849		-		2,849		-
Loans, net		1,117,492		1,126,959		-		-		1,126,959
Accrued interest receivable		4,464		4,464		-		4,464		-
Financial liabilities:
Noninterest bearing deposits	$	442,639	$	442,639	$	442,639	$	-	$	-
Interest bearing deposits		1,316,447		1,316,550		-		1,316,550		-
Securities sold under repurchase agreements		34,070		34,070		-		34,070		-
Other short-term borrowings		15,000		15,000		-		15,000		-
Junior subordinated debentures		57,543		53,851		31,606		22,245		-
Subordinated debenture		45,000		41,101		-		41,101		-
Note payable and other borrowings		500		445		-		445		-
Interest rate swap agreements		631		631		-		631		-
Borrowing interest payable		75		75		-		75		-
Deposit interest payable		445		445		-		445		-