Fair Values of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2014

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments



	September 30, 2014
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	33,260	$	33,260	$	33,260	$	-	$	-
Interest bearing deposits with financial institutions		10,797		10,797		10,797		-		-
Securities available-for-sale		362,243		362,243		1,532		276,805		83,906
Securities held-to-maturity		263,040		264,343		-		264,343		-
FHLBC and Reserve Bank Stock		9,058		9,058		-		9,058		-
Bank-owned life insurance		56,438		56,438		-		56,438		-
Loans held for sale		3,422		3,422		-		3,422		-
Loans, net		1,117,552		1,119,781		-		-		1,119,781
Accrued interest receivable		4,931		4,931		-		4,931		-

Financial liabilities:
Noninterest bearing deposits	$	380,687	$	380,687	$	380,687	$	-	$	-
Interest bearing deposits		1,276,068		1,275,036		-		1,275,036		-
Securities sold under repurchase agreements		29,438		29,438		-		29,438		-
Other short-term borrowings		40,000		40,000		-		40,000		-
Junior subordinated debentures		58,378		54,840		32,532		22,308		-
Subordinated debenture		45,000		38,691		-		38,691		-
Note payable and other borrowings		500		414		-		414		-
Borrowing interest payable		73		73		-		73		-
Deposit interest payable		518		518		-		518		-



	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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