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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest and Dividend Income        
Loans, including fees $ 25,109 $ 23,377 $ 74,132 $ 64,625
Loans held-for-sale 47 39 100 94
Securities:        
Taxable 2,296 2,491 6,933 7,053
Tax exempt 1,719 2,064 5,958 6,239
Dividends from FHLBC and FRBC stock 154 121 459 338
Interest bearing deposits with financial institutions 119 84 344 230
Total interest and dividend income 29,444 28,176 87,926 78,579
Interest Expense        
Savings, NOW, and money market deposits 724 642 2,254 1,487
Time deposits 1,672 1,568 4,931 4,187
Securities sold under repurchase agreements 135 140 431 323
Other short-term borrowings 429 311 1,611 916
Junior subordinated debentures 933 930 2,791 2,784
Senior notes 682 672 2,026 2,016
Notes payable and other borrowings 89 173 312 268
Total interest expense 4,664 4,436 14,356 11,981
Net interest and dividend income 24,780 23,740 73,570 66,598
Provision for loan and lease losses 550   1,450 728
Net interest and dividend income after provision for loan and lease losses 24,230 23,740 72,120 65,870
Noninterest Income        
Mortgage servicing rights mark to market loss (946) (11) (2,902) 189
Net gain on sales of mortgage loans 2,074 965 3,999 3,122
Securities gains (losses), net 3,463 13 4,476 360
Increase in cash surrender value of BOLI 267 347 1,045 946
Death benefit realized on bank-owned life insurance       1,026
Debit card interchange income 1,124 1,135 3,277 3,279
Other income 1,459 1,128 3,838 3,755
Total noninterest income 11,933 7,814 26,558 24,851
Noninterest Expense        
Salaries and employee benefits 12,062 11,165 35,261 33,727
Occupancy, furniture and equipment 2,235 1,782 6,149 4,992
Computer and data processing 1,490 1,247 4,346 5,332
FDIC Insurance (114) 162 176 483
General bank insurance 270 230 756 780
Amortization of core deposit intangible 157 136 410 254
Advertising expense 360 492 975 1,325
Debit card interchange expense 279 320 659 902
Legal fees 111 243 480 688
Other real estate expense, net 26 (370) 324 232
Other expense 3,078 3,304 9,738 9,636
Total noninterest expense 19,954 18,711 59,274 58,351
Income before income taxes 16,209 12,843 39,404 32,370
Provision for income taxes 4,036 3,201 9,485 6,978
Net income available to common stockholders $ 12,173 $ 9,642 $ 29,919 $ 25,392
Basic earnings per share (in dollars per share) $ 0.41 $ 0.32 $ 1.00 $ 0.85
Diluted earnings per share (in dollars per share) 0.40 0.32 0.98 0.84
Dividends declared per share (in dollars per share) $ 0.01 $ 0.01 $ 0.03 $ 0.03
Deposit Account        
Noninterest Income        
Service charges on deposits $ 2,020 $ 1,923 $ 5,841 $ 5,284
Trust Income        
Noninterest Income        
Service charges on deposits 1,730 1,644 4,955 4,784
Bank Servicing        
Noninterest Income        
Service charges on deposits 460 471 1,408 1,550
Secondary mortgage fees        
Noninterest Income        
Service charges on deposits $ 282 $ 199 $ 621 $ 556