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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Interest and Dividend Income    
Loans, including fees $ 24,099 $ 18,732
Loans held-for-sale 22 24
Securities:    
Taxable 2,414 2,170
Tax exempt 2,098 2,061
Dividends from FHLBC and FRBC stock 149 106
Interest bearing deposits with financial institutions 114 49
Total interest and dividend income 28,896 23,142
Interest Expense    
Savings, NOW, and money market deposits 771 344
Time deposits 1,618 1,175
Securities sold under repurchase agreements 149 79
Other short-term borrowings 607 329
Junior subordinated debentures 927 927
Senior notes 672 672
Notes payable and other borrowings 116  
Total interest expense 4,860 3,526
Net interest and dividend income 24,036 19,616
Provision for loan and lease losses 450 (722)
Net interest and dividend income after provision for loan and lease losses 23,586 20,338
Noninterest Income    
Mortgage servicing rights mark to market loss (819) 305
Net gain on sales of mortgage loans 762 917
Securities gains (losses), net 27 35
Increase in cash surrender value of BOLI 458 248
Death benefit realized on bank-owned life insurance   1,026
Debit card interchange income 987 1,012
Other income 1,126 1,261
Total noninterest income 6,482 8,505
Noninterest Expense    
Salaries and employee benefits 11,612 10,207
Occupancy, furniture and equipment 1,989 1,558
Computer and data processing 1,332 1,344
FDIC insurance 174 156
General bank insurance 250 251
Amortization of core deposit intangible 132 21
Advertising expense 234 341
Debit card interchange expense 147 281
Legal fees 126 159
Other real estate expense, net 50 173
Other expense 3,148 2,863
Total noninterest expense 19,194 17,354
Income before income taxes 10,874 11,489
Provision for income taxes 2,406 2,000
Net income available to common stockholders $ 8,468 $ 9,489
Basic earnings per share (in dollars per share) $ 0.28 $ 0.32
Diluted earnings per share (in dollars per share) 0.28 0.31
Dividends declared per share (in dollars per share) $ 0.01 $ 0.01
Deposit Account    
Noninterest Income    
Service charges on deposits $ 1,862 $ 1,592
Trust Income    
Noninterest Income    
Service charges on deposits 1,486 1,495
Bank Servicing    
Noninterest Income    
Service charges on deposits 457 452
Secondary mortgage fees    
Noninterest Income    
Service charges on deposits $ 136 $ 162