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Subordinated Notes and Junior Subordinated Debentures (Tables)

12 Months Ended

Dec. 31, 2024

At December 31, 2024 and 2023, the Company’s junior subordinated debentures by issuance were as follows:


		Aggregate Principal Amount
Name of Trust	Stated Maturity	December 31, 2024			December 31, 2023			Contractual Rate at December 31, 2024	Interest Rate Spread(1)
Metropolitan Statutory Trust I	March 17, 2034	$	35,000		$	35,000		7.40%	SOFR + spread adjustment + 2.79%
First Evanston Bancorp Trust I	March 15, 2035		10,000			10,000		6.40%	SOFR + spread adjustment + 1.78%
AmeriMark Capital Trust I	April 23, 2034		5,000			5,000		7.64%	SOFR + spread adjustment + 2.75%
Inland Bancorp Trust II	September 15, 2035		10,000			10,000		6.22%	SOFR + spread adjustment + 1.60%
Inland Bancorp Trust III	December 15, 2036		10,000			10,000		6.27%	SOFR + spread adjustment + 1.65%
Inland Bancorp Trust IV	June 6, 2037		7,000			7,000		6.33%	SOFR + spread adjustment + 1.62%
Inland Bancorp Trust V	September 15, 2037		10,000			10,000		6.04%	SOFR + spread adjustment + 1.42%
Total liability, at par			87,000			87,000
Discount			(16,110	)		(16,548	)
Total liability, at carrying value		$	70,890		$	70,452

(1) SOFR is three month SOFR and the spread adjustment is 0.26161%