Fair Values of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2014

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments



	June 30, 2014
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	73,646	$	73,646	$	73,646	$	-	$	-
Interest bearing deposits with financial institutions		19,412		19,412		19,412		-		-
Securities available-for-sale		329,814		329,814		1,538		191,065		137,211
Securities held-to-maturity		264,683		267,770		-		267,770		-
FHLBC and Reserve Bank Stock		10,292		10,292		-		10,292		-
Bank-owned life insurance		56,134		56,134		-		56,134		-
Loans held for sale		4,559		4,559		-		4,559		-
Loans, net		1,108,891		1,111,883		-		-		1,111,883
Accrued interest receivable		3,874		3,874		-		3,874		-

Financial liabilities:
Noninterest bearing deposits	$	393,964	$	393,964	$	393,964	$	-	$	-
Interest bearing deposits		1,306,860		1,307,846		-		1,307,846		-
Securities sold under repurchase agreements		38,133		38,133		-		38,133		-
Junior subordinated debentures		58,378		73,913		43,846		30,067		-
Subordinated debenture		45,000		40,856		-		40,856		-
Note payable and other borrowings		500		439		-		439		-
Borrowing interest payable		68		68		-		68		-
Deposit interest payable		655		655		-		655		-



	December 31, 2013
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	33,210	$	33,210	$	33,210	$	-	$	-
Interest bearing deposits with financial institutions		14,450		14,450		14,450		-		-
Securities available-for-sale		372,191		372,191		1,544		216,385		154,262
Securities held-to-maturity		256,571		254,328		-		254,328		-
FHLBC and Reserve Bank Stock		10,292		10,292		-		10,292		-
Bank-owned life insurance		55,410		55,410		-		55,410		-
Loans held-for-sale		3,822		3,822		-		3,822		-
Loans, net		1,073,975		1,072,837		-		-		1,072,837
Accrued interest receivable		4,248		4,248		-		4,248		-

Financial liabilities:
Noninterest bearing deposits	$	373,389	$	373,389	$	373,389	$	-	$	-
Interest bearing deposits		1,308,739		1,312,476		-		1,312,476		-
Securities sold under repurchase agreements		22,560		22,560		-		22,560		-
Other short-term borrowings		5,000		5,000		-		5,000		-
Junior subordinated debentures		58,378		67,053		39,777		27,276		-
Subordinated debenture		45,000		39,896		-		39,896		-
Note payable and other borrowings		500		423		-		423		-
Borrowing interest payable		17,037		17,037		10,122		6,915		-
Deposit interest payable		762		762		-		762		-

- Definition

Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities.

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