Fair Values of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2012

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments

	June 30, 2012
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash, due from banks and federal funds sold	$	45,015	$	45,015	$	45,015	$	-	$	-
Interest bearing deposits with financial institutions	85,014		85,014		85,014		-		-
Securities available-for-sale	398,895		398,895		53,267		336,327		9,301
FHLBC and FRB Stock	12,177		12,177		-		-		12,177
Bank-owned life insurance	53,416		53,416		-		53,416		-
Loans held for sale	6,445		6,445		-		6,445		-
Loans, net	1,197,848		1,227,552		-		-		1,227,552
Accrued interest receivable	5,146		5,146		-		5,146		-
Financial liabilities:
Noninterest bearing deposits	$	412,635	$	412,635	$	412,635	$	-	$	-
Interest bearing deposits	1,357,389		1,360,820		-		1,360,820		-
Securities sold under repurchase agreements	13,802		13,802		-		13,802		-
Junior subordinated debentures	58,378		28,030		16,628		11,402		-
Subordinated debenture	45,000		22,080		-		22,080		-
Note payable and other borrowings	500		270		-		270		-
Borrowing interest payable	9,232		9,232		5,447		3,785		-
Deposit interest payable	1,191		1,191		-		1,191		-

	December 31, 2011
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash, due from banks and federal funds sold	$	2,692	$	2,692	$	2,692	$	-	$	-
Interest bearing deposits with financial institutions	48,257		48,257		48,257		-		-
Securities available-for-sale	307,564		307,564		1,524		295,928		10,112
FHLBC and FRB Stock	14,050		14,050		-		-		14,050
Bank-owned life insurance	52,595		52,595		-		52,595		-
Loans held for sale	12,806		12,806		-		12,806		-
Loans, net	1,316,988		1,352,335		-		-		1,352,335
Accrued interest receivable	5,708		5,708		-		5,708		-
Financial liabilities:
Noninterest bearing deposits	$	361,963	$	361,963	$	361,963	$	-	$	-
Interest bearing deposits	1,378,818		1,382,663		-		1,382,663		-
Securities sold under repurchase agreements	901		901		-		901		-
Junior subordinated debentures	58,378		22,203		13,172		9,031		-
Subordinated debenture	45,000		24,532		-		24,532		-
Note payable and other borrowings	500		260		-		260		-
Borrowing interest payable	6,815		6,815		4,006		2,809		-
Deposit interest payable	1,718		1,718		-		1,718		-