Fair Values of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2022

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments

	June 30, 2022
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	53,295	$	53,295	$	53,295	$	-	$	-
Interest earning deposits with financial institutions		228,040		228,040		228,040		-		-
Securities available-for-sale		1,734,416		1,734,416		214,820		1,506,508		13,088
FHLBC and FRBC stock		20,413		20,413		-		20,413		-
Loans held-for-sale		1,707		1,707		-		1,707		-
Credit card portfolio, reported in other assets		4,956		4,956		-		4,956		-
Net loans		3,579,682		3,491,324		-		-		3,491,324
Mortgage servicing rights		10,722		10,722		-		-		10,722
Interest rate swap agreements		2,770		2,770		-		2,770		-
Interest rate lock commitments and forward contracts		153		153		-		153		-
Interest receivable on securities and loans		16,495		16,495		-		16,495		-
Financial liabilities:
Noninterest bearing deposits	$	2,078,272	$	2,078,272	$	2,078,272	$	-	$	-
Interest bearing deposits		3,264,583		3,254,995		-		3,254,995		-
Securities sold under repurchase agreements		37,599		37,599		-		37,599		-
Junior subordinated debentures		25,773		22,938		-		22,938		-
Subordinated debentures		59,254		55,054		-		55,054		-
Senior notes		44,533		44,465		44,465		-		-
Note payable and other borrowings		11,000		10,950		-		10,950		-
Interest rate swap agreements		3,576		3,576		-		3,576		-
Interest payable on deposits and borrowings		1,359		1,359		-		1,359		-

	December 31, 2021
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	38,565	$	38,565	$	38,565	$	-	$	-
Interest earning deposits with financial institutions		713,542		713,542		713,542		-		-
Securities available-for-sale		1,693,632		1,693,632		202,339		1,476,057		15,236
FHLBC and FRBC stock		13,257		13,257		-		13,257		-
Loans held-for-sale		4,737		4,737		-		4,737		-
Net loans		3,376,523		3,407,596		-		-		3,407,596
Mortgage servicing rights		7,097		7,097		-		-		7,097
Interest rate swap agreements		3,494		3,494		-		3,494		-
Interest rate lock commitments and forward contracts		508		508		-		508		-
Interest receivable on securities and loans		13,431		13,431		-		13,431		-
Financial liabilities:
Noninterest bearing deposits	$	2,093,494	$	2,093,494	$	2,093,494	$	-	$	-
Interest bearing deposits		3,372,738		3,375,930		-		3,375,930		-
Securities sold under repurchase agreements		50,377		50,377		-		50,377		-
Junior subordinated debentures		25,773		18,557		-		18,557		-
Subordinated debentures		59,212		60,111		-		60,111		-
Senior notes		44,480		44,480		44,480		-		-
Note payable and other borrowings		19,074		19,411		-		19,411		-
Interest rate swap agreements		6,788		6,788		-		6,788		-
Interest payable on deposits and borrowings		1,706		1,706		-		1,706		-