Fair Values of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2020

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments

	September 30, 2020
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	29,489	$	29,489	$	29,489	$	-	$	-
Interest earning deposits with financial institutions		283,651		283,651		283,651		-		-
Securities available-for-sale		448,421		448,421		4,134		439,497		4,790
FHLBC and FRBC stock		9,917		9,917		-		9,917		-
Loans held-for-sale		10,229		10,229		-		10,229		-
Net loans		1,997,409		2,013,415		-		-		2,013,415
Interest rate swap agreements		10,506		10,506		-		10,506		-
Interest receivable on securities and loans		9,706		9,706		-		9,706		-
Financial liabilities:
Noninterest bearing deposits	$	889,085	$	889,085	$	889,085	$	-	$	-
Interest bearing deposits		1,590,158		1,593,058		-		1,593,058		-
Securities sold under repurchase agreements		59,268		59,268		-		59,268		-
Other short-term borrowings		6,125		6,125		-		6,125		-
Junior subordinated debentures		25,773		14,167		-		14,167		-
Senior notes		44,349		44,799		44,799		-		-
Note payable and other borrowings		24,469		25,160		-		25,160		-
Interest rate swap agreements		15,128		15,128		-		15,128		-
Interest payable on deposits and borrowings		1,257		1,257		-		1,257		-

	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		-