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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest and dividend income        
Loans, including fees $ 61,954 $ 62,151 $ 123,549 $ 124,824
Loans held-for-sale 39 19 61 33
Securities:        
Taxable 9,959 8,552 19,186 16,644
Tax exempt 1,229 1,292 2,489 2,598
Dividends from FHLBC and FRBC stock 273 584 746 1,219
Interest bearing deposits with financial institutions 1,784 625 2,772 1,235
Total interest and dividend income 75,238 73,223 148,803 146,553
Interest expense        
Savings, NOW, and money market deposits 5,606 4,317 10,519 8,354
Time deposits 4,508 4,961 9,337 9,002
Securities sold under repurchase agreements 56 83 124 169
Other short-term borrowings   3,338 17 7,895
Junior subordinated debentures 288 288 576 568
Subordinated debentures 546 546 1,092 1,092
Total interest expense 11,004 13,533 21,665 27,080
Net interest and dividend income 64,234 59,690 127,138 119,473
Provision for credit losses 2,500 3,750 4,900 7,250
Net interest and dividend income after provision for credit losses 61,734 55,940 122,238 112,223
Noninterest income        
Mortgage servicing rights mark to market loss (531) (238) (1,101) (144)
Net gain on sales of mortgage loans 550 468 1,014 782
Securities gains, net       1
Change in cash surrender value of BOLI 690 820 1,188 1,992
Death benefit realized on BOLI   893   893
Card related income 2,716 2,577 5,128 4,953
Other income 1,026 742 2,062 1,772
Total noninterest income 10,898 11,127 21,099 21,628
Noninterest expense        
Salaries and employee benefits 26,950 23,424 53,943 47,736
Occupancy, furniture and equipment 4,477 3,899 9,025 7,826
Computer and data processing 2,692 2,184 5,040 4,439
FDIC insurance 642 616 1,270 1,283
Net teller & bill paying 670 578 1,328 1,099
General bank insurance 328 312 658 621
Amortization of core deposit intangible 1,022 574 2,059 1,154
Advertising expense 320 472 487 664
Card related expense 1,489 1,323 2,869 2,600
Legal fees 388 238 860 464
Consulting & management fees 527 797 953 1,133
Other real estate expense, net 35 (87) 1,908 (41)
Other expense 3,879 3,547 7,524 7,140
Total noninterest expense 43,419 37,877 87,924 76,118
Income before income taxes 29,213 29,190 55,413 57,733
Provision for income taxes 7,391 7,299 13,761 14,530
Net income $ 21,822 $ 21,891 $ 41,652 $ 43,203
Basic earnings per share $ 0.49 $ 0.48 $ 0.93 $ 0.96
Diluted earnings per share 0.48 0.48 0.91 0.95
Dividends declared per share $ 0.06 $ 0.05 $ 0.12 $ 0.1
Wealth management        
Noninterest income        
Service charges on deposits $ 3,103 $ 2,779 $ 6,192 $ 5,340
Service charges on deposits        
Noninterest income        
Service charges on deposits 2,788 2,508 5,507 4,923
Secondary mortgage fees        
Noninterest income        
Service charges on deposits 84 65 157 115
Mortgage servicing income        
Noninterest income        
Service charges on deposits $ 472 $ 513 $ 952 $ 1,001