Fair Values of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2015

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments


	March 31, 2015
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	19,051	$	19,051	$	19,051	$	-	$	-
Interest bearing deposits with financial institutions		55,111		55,111		55,111		-		-
Securities available-for-sale		399,252		399,252		1,525		397,609		118
Securities held-to-maturity		257,332		265,095		-		265,095		-
FHLBC and Reserve Bank Stock		9,058		9,058		-		9,058		-
Bank-owned life insurance		57,161		57,161		-		57,161		-
Loans held-for-sale		7,038		7,038		-		7,038		-
Loans, net		1,129,888		1,142,727		-		-		1,142,727
Accrued interest receivable		4,953		4,953		-		4,953		-

Financial liabilities:
Noninterest bearing deposits	$	431,843	$	431,843	$	431,843	$	-	$	-
Interest bearing deposits		1,312,935		1,313,710		-		1,313,710		-
Securities sold under repurchase agreements		26,513		26,513		-		26,513		-
Other short-term borrowings		30,000		30,000		-		30,000		-
Junior subordinated debentures		58,378		54,631		32,408		22,223		-
Subordinated debenture		45,000		39,690		-		39,690		-
Note payable and other borrowings		500		427		-		427		-
Borrowing interest payable		68		68		-		68		-
Deposit interest payable		421		421		-		421		-


	December 31, 2014
	Carrying		Fair
	Amount		Value		Level 1		Level 2		Level 3
Financial assets:
Cash and due from banks	$	30,101	$	30,101	$	30,101	$	-	$	-
Interest bearing deposits with financial institutions		14,096		14,096		14,096		-		-
Securities available-for-sale		385,486		385,486		1,527		330,900		53,059
Securities held-to-maturity		259,670		263,266		-		263,266		-
FHLBC and Reserve Bank Stock		9,058		9,058		-		9,058		-
Bank-owned life insurance		56,807		56,807		-		56,807		-
Loans held-for-sale		5,072		5,072		-		5,072		-
Loans, net		1,137,695		1,151,223		-		-		1,151,223
Accrued interest receivable		4,888		4,888		-		4,888		-

Financial liabilities:
Noninterest bearing deposits	$	400,447	$	400,447	$	400,447	$	-	$	-
Interest bearing deposits		1,284,608		1,284,887		-		1,284,887		-
Securities sold under repurchase agreements		21,036		21,036		-		21,036		-
Other short-term borrowings		45,000		45,000		-		45,000		-
Junior subordinated debentures		58,378		54,686		32,441		22,245		-
Subordinated debenture		45,000		39,366		-		39,366		-
Note payable and other borrowings		500		422		-		422		-
Borrowing interest payable		75		75		-		75		-
Deposit interest payable		467		467		-		467		-

- 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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