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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Interest and Dividend Income      
Loans, including fees $ 97,719 $ 88,769 $ 70,737
Loans held-for-sale 133 127 123
Securities:      
Taxable 9,256 9,577 10,202
Tax exempt 7,425 8,341 5,939
Dividends from FHLBC and FRBC stock 602 469 370
Interest bearing deposits with financial institutions 459 334 134
Total interest and dividend income 115,594 107,617 87,505
Interest Expense      
Savings, NOW, and money market deposits 2,960 2,156 950
Time deposits 6,736 5,829 4,227
Securities sold under repurchase agreements 577 462 17
Other short-term borrowings 1,755 1,429 741
Junior subordinated debentures 3,724 3,716 4,002
Senior notes 2,699 2,688 2,689
Notes payable and other borrowings 384 398  
Total interest expense 18,835 16,678 12,626
Net interest and dividend income 96,759 90,939 74,879
Provision for loan and lease losses 1,600 1,228 1,800
Net interest and dividend income after provision for loan and lease losses 95,159 89,711 73,079
Noninterest Income      
Mortgage servicing rights mark to market loss (2,662) (734) (802)
Net gain on sales of mortgage loans 5,112 3,791 4,803
Securities gains (losses), net 4,511 360 474
Increase in cash surrender value of BOLI 1,415 984 1,432
Death benefit realized on bank-owned life insurance 872 1,026  
Debit card interchange income 4,177 4,420 4,200
Gains (losses) on disposal and transfer of fixed assets, net 32   10
Other income 5,320 5,126 4,778
Total noninterest income 35,800 31,353 30,372
Noninterest Expense      
Salaries and employee benefits 46,869 44,161 40,080
Occupancy, furniture and equipment 8,289 6,915 5,951
Computer and data processing 5,631 6,745 4,387
FDIC insurance 176 653 658
General bank insurance 1,002 1,040 1,031
Amortization of core deposit intangible 539 387 96
Advertising expense 1,225 1,567 1,505
Debit card interchange expense 977 940 1,329
Legal fees 675 835 650
Other real estate expense, net 423 396 2,165
Other expense 13,296 13,489 11,297
Total noninterest expense 79,102 77,128 69,149
Income before income taxes 51,857 43,936 34,302
Provision for income taxes 12,402 9,924 19,164
Net income available to common stockholders $ 39,455 $ 34,012 $ 15,138
Basic earnings per share (in dollars per share) $ 1.32 $ 1.14 $ 0.51
Diluted earnings per share (in dollars per share) 1.30 1.12 0.50
Dividends declared per share (in dollars per share) $ 0.04 $ 0.04 $ 0.04
Trust Income      
Noninterest Income      
Service charges on deposits $ 6,655 $ 6,417 $ 6,203
Bank Servicing      
Noninterest Income      
Service charges on deposits 7,715 7,328 6,720
Secondary mortgage fees      
Noninterest Income      
Service charges on deposits 772 696 776
Mortgage Servicing      
Noninterest Income      
Service charges on deposits $ 1,881 $ 1,939 $ 1,778