Fair Values of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments

	June 30, 2020
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	32,424	$	32,424	$	32,424	$	-	$	-
Interest earning deposits with financial institutions		225,065		225,065		225,065		-		-
Securities available-for-sale		447,436		447,436		4,147		438,611		4,678
FHLBC and FRBC stock		9,917		9,917		-		9,917		-
Loans held-for-sale		9,416		9,416		-		9,416		-
Net loans		2,021,063		2,038,963		-		-		2,038,963
Interest rate swap agreements		11,165		11,165		-		11,165
Interest receivable on securities and loans		10,169		10,169		-		10,169		-
Financial liabilities:
Noninterest bearing deposits	$	890,636	$	890,636	$	890,636	$	-	$	-
Interest bearing deposits		1,560,681		1,563,979		-		1,563,979		-
Securities sold under repurchase agreements		52,088		52,088		-		52,088		-
Other short-term borrowings		8,250		8,250		-		8,250		-
Junior subordinated debentures		25,773		11,957		-		11,957		-
Senior notes		44,323		42,553		42,553		-		-
Note payable and other borrowings		25,541		26,239		-		26,239		-
Interest rate swap agreements		16,402		16,402		-		16,402		-
Interest payable on deposits and borrowings		794		794		-		794		-

	December 31, 2019
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	34,096	$	34,096	$	34,096	$	-	$	-
Interest earning deposits with financial institutions		16,536		16,536		16,536		-		-
Securities available-for-sale		484,648		484,648		4,036		475,193		5,419
FHLBC and FRBC stock		9,917		9,917		-		9,917		-
Loans held-for-sale		3,061		3,061		-		3,061		-
Net loans		1,911,023		1,915,531		-		-		1,915,531
Interest rate swap agreements		2,771		2,771		-		2,771		-
Interest receivable on securities and loans		9,697		9,697		-		9,697		-
Financial liabilities:
Noninterest bearing deposits	$	669,795	$	669,795	$	669,795	$	-	$	-
Interest bearing deposits		1,456,954		1,457,832		-		1,457,832		-
Securities sold under repurchase agreements		48,693		48,693		-		48,693		-
Other short-term borrowings		48,500		48,500		-		48,500		-
Junior subordinated debentures		57,734		51,188		33,614		17,574		-
Senior notes		44,270		46,269		46,269		-		-
Note payable and other borrowings		6,673		7,003		-		7,003		-
Interest rate swap agreements		5,921		5,921		-		5,921		-
Interest payable on deposits and borrowings		1,079		1,079		-		1,079		-