Fair Values of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2017

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments

	June 30, 2017
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	32,614	$	32,614	$	32,614	$	-	$	-
Interest bearing deposits with financial institutions		18,483		18,483		18,483		-		-
Securities available-for-sale		568,227		568,227		-		545,201		23,026
FHLBC and FRBC Stock		8,593		8,593		-		8,593		-
Loans held-for-sale		5,440		5,440		-		5,440		-
Loans, net		1,523,811		1,519,216		-		-		1,519,216
Accrued interest receivable		7,569		7,569		-		7,569		-
Financial liabilities:
Noninterest bearing deposits	$	546,463	$	546,463	$	546,463	$	-	$	-
Interest bearing deposits		1,363,682		1,375,085		-		1,375,085		-
Securities sold under repurchase agreements		36,361		36,361		-		36,361		-
Other short-term borrowings		75,000		75,000		-		75,000		-
Junior subordinated debentures		57,615		60,534		33,472		27,062		-
Senior notes		44,008		46,258		-		46,258		-
Interest rate swap agreements		1,458		1,458		-		1,458		-
Borrowing interest payable		89		89		-		89		-
Deposit interest payable		611		611		-		611		-

	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		-
Subordinated debenture		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		-