XML 20 R10.htm IDEA: XBRL DOCUMENT v3.24.3
ACQUISITIONS AND DISPOSITIONS
9 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
ACQUISITIONS AND DISPOSITIONS
ACQUISITIONS AND DISPOSITIONS

Old Second National Bank Branch Sale

On August 26, 2024, the Bank entered into a Branch Purchase and Assumption Agreement with Old Second National Bank, a national banking association headquartered in Aurora, Illinois, pursuant to which the Bank will sell five branches located in Illinois. The transaction will represent an exit from the suburban Chicago markets. Loans of $9.2 million, deposits of $287.7 million and fixed assets of $3.4 million have been moved to held for sale categories as of September 30, 2024. The transaction is expected to close in the fourth quarter of 2024.