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Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2015

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments


		December 31, 2015
		Carrying			Fair
		Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and due from banks		$	26,975		$	26,975		$	26,975		$	-		$	-
Interest bearing deposits with financial institutions			13,363			13,363			13,363			-			-
Securities available-for-sale			456,066			456,066			1,509			454,446			111
Securities held-to-maturity			247,746			251,675			-			251,675			-
FHLBC and Reserve Bank Stock			8,518			8,518			-			8,518			-
Bank-owned life insurance			58,028			58,028			-			58,028			-
Loans held-for-sale			2,849			2,849			-			2,849			-
Loans, net			1,117,492			1,126,959			-			-			1,126,959
Accrued interest receivable			4,464			4,464			-			4,464			-

Financial liabilities:
Noninterest bearing deposits		$	442,639		$	442,639		$	442,639		$	-		$	-
Interest bearing deposits			1,316,447			1,316,550			-			1,316,550			-
Securities sold under repurchase agreements			34,070			34,070			-			34,070			-
Other short-term borrowings			15,000			15,000			-			15,000			-
Junior subordinated debentures			58,378			54,686			32,441			22,245			-
Subordinated debenture			45,000			41,101			-			41,101			-
Note payable and other borrowings			500			445			-			445			-
Interest rate swap agreements			631			631						631
Borrowing interest payable			75			75			-			75			-
Deposit interest payable			445			445			-			445			-


		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			-