XML 17 R4.htm IDEA: XBRL DOCUMENT v3.20.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Interest and Dividend Income        
Loans, including fees $ 21,980 $ 25,109 $ 67,924 $ 74,132
Loans held-for-sale 95 47 241 100
Securities:        
Taxable 1,458 2,296 5,315 6,933
Tax exempt 1,327 1,719 4,178 5,958
Dividends from FHLBC and FRBC stock 118 154 366 459
Interest bearing deposits with financial institutions 68 119 185 344
Total interest and dividend income 25,046 29,444 78,209 87,926
Interest Expense        
Savings, NOW, and money market deposits 299 724 1,319 2,254
Time deposits 1,084 1,672 4,292 4,931
Securities sold under repurchase agreements 28 135 167 431
Other short-term borrowings 24 429 167 1,611
Junior subordinated debentures 285 933 1,932 2,791
Senior notes 673 682 2,019 2,026
Notes payable and other borrowings 144 89 439 312
Total interest expense 2,537 4,664 10,335 14,356
Net interest and dividend income 22,509 24,780 67,874 73,570
Provision for credit losses 300 550 10,413 1,450
Net interest and dividend income after provision for loan and lease losses 22,209 24,230 57,461 72,120
Noninterest Income        
Mortgage servicing rights mark to market loss (160) (946) (2,739) (2,902)
Net gain on sales of mortgage loans 5,246 2,074 12,123 3,999
Securities gains (losses), net (1) 3,463 (25) 4,476
Change in cash surrender value of BOLI 459 267 942 1,045
Death benefit realized on BOLI (2)   57  
Debit card interchange income 1,499 1,595 4,097 4,433
Other income 803 988 2,663 2,682
Total noninterest income 11,685 11,933 28,702 26,558
Noninterest Expense        
Salaries and employee benefits 12,586 12,062 36,846 35,261
Occupancy, furniture and equipment 2,003 2,235 6,239 6,149
Computer and data processing 1,226 1,490 3,808 4,346
FDIC Insurance 191 (114) 403 176
General bank insurance 281 270 764 756
Amortization of core deposit intangible 122 157 374 410
Advertising expense 62 360 228 975
Debit card interchange expense 566 531 1,612 1,360
Legal fees 169 111 476 480
Other real estate expense, net 125 26 505 324
Other expense 2,935 2,826 8,909 9,037
Total noninterest expense 20,266 19,954 60,164 59,274
Income before income taxes 13,628 16,209 25,999 39,404
Provision for income taxes 3,363 4,036 6,221 9,485
Net income available to common stockholders $ 10,265 $ 12,173 $ 19,778 $ 29,919
Basic earnings per share (in dollars per share) $ 0.35 $ 0.41 $ 0.67 $ 1.00
Diluted earnings per share (in dollars per share) 0.34 0.40 0.65 0.98
Dividends declared per share (in dollars per share) $ 0.01 $ 0.01 $ 0.03 $ 0.03
Deposit Account        
Noninterest Income        
Service charges on deposits $ 1,322 $ 2,020 $ 4,168 $ 5,841
Trust Income        
Noninterest Income        
Service charges on deposits 1,506 1,730 4,702 4,955
Bank Servicing        
Noninterest Income        
Service charges on deposits 521 460 1,447 1,408
Secondary mortgage fees        
Noninterest Income        
Service charges on deposits $ 492 $ 282 $ 1,267 $ 621