XML 19 R4.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest and dividend income      
Loans, including fees $ 176,379 $ 90,613 $ 90,923
Loans held-for-sale 130 165 306
Securities:      
Taxable 31,566 8,168 6,773
Tax exempt 5,287 5,107 5,471
Dividends from FHLBC and FRBC stock 936 456 484
Interest bearing deposits with financial institutions 2,175 656 258
Total interest and dividend income 216,473 105,165 104,215
Interest expense      
Savings, NOW, and money market deposits 1,900 961 1,569
Time deposits 1,448 1,510 5,033
Securities sold under repurchase agreements 40 82 202
Other short-term borrowings 480   179
Junior subordinated debentures 1,136 1,133 2,215
Subordinated debt 2,185 1,610  
Senior notes 2,682 2,692 2,692
Notes payable and other borrowings 446 462 574
Total interest expense 10,317 8,450 12,464
Net interest and dividend income 206,156 96,715 91,751
Provision for credit losses 6,550 4,326 10,413
Net interest and dividend income after provision for credit losses 199,606 92,389 81,338
Noninterest income      
Mortgage servicing rights mark to market gain (loss) 3,177 1,261 (3,999)
Net gain on sales of mortgage loans 2,022 9,300 15,519
Securities (losses) gains, net (944) 232 (25)
Change in cash surrender value of BOLI 718 1,390 1,233
Death benefit realized on BOLI     57
Card related income 10,989 6,712 5,532
Other income 5,243 2,329 2,149
Total noninterest income 43,116 39,260 37,487
Noninterest expense      
Salaries and employee benefits 86,573 57,691 49,547
Occupancy, furniture and equipment 14,992 13,548 8,498
Computer and data processing 15,795 7,936 5,143
FDIC insurance 2,401 975 597
Net teller & bill paying 3,730 874 648
General bank insurance 1,221 1,214 1,030
Amortization of core deposit intangible 2,626 644 494
Advertising expense 589 343 298
Card related expense 4,348 2,538 2,195
Legal fees 873 1,096 761
Consulting & management fees 2,425 5,005 760
Other real estate expense, net 130 151 651
Other expense 15,470 11,767 10,795
Total noninterest expense 151,173 103,782 81,417
Income before income taxes 91,549 27,867 37,408
Provision for income taxes 24,144 7,823 9,583
Net income available to common stockholders $ 67,405 $ 20,044 $ 27,825
Basic earnings per share $ 1.51 $ 0.66 $ 0.94
Diluted earnings per share 1.49 0.65 0.92
Dividends declared per share $ 0.20 $ 0.16 $ 0.04
Wealth management      
Noninterest income      
Service charges on deposits $ 9,887 $ 9,408 $ 7,905
Secondary mortgage fees      
Noninterest income      
Service charges on deposits 332 1,044 1,654
Bank Servicing      
Noninterest income      
Service charges on deposits 9,562 5,403 5,512
Mortgage servicing income      
Noninterest income      
Service charges on deposits $ 2,130 $ 2,181 $ 1,950