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Fair Values of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2020

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments


		June 30, 2020
		Carrying			Fair
		Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and due from banks		$	32,424		$	32,424		$	32,424		$	-		$	-
Interest earning deposits with financial institutions			225,065			225,065			225,065			-			-
Securities available-for-sale			447,436			447,436			4,147			438,611			4,678
FHLBC and FRBC stock			9,917			9,917			-			9,917			-
Loans held-for-sale			9,416			9,416			-			9,416			-
Net loans			2,021,063			2,038,963			-			-			2,038,963
Interest rate swap agreements			11,165			11,165			-			11,165
Interest receivable on securities and loans			10,169			10,169			-			10,169			-

Financial liabilities:
Noninterest bearing deposits		$	890,636		$	890,636		$	890,636		$	-		$	-
Interest bearing deposits			1,560,681			1,563,979			-			1,563,979			-
Securities sold under repurchase agreements			52,088			52,088			-			52,088			-
Other short-term borrowings			8,250			8,250			-			8,250			-
Junior subordinated debentures			25,773			11,957			-			11,957			-
Senior notes			44,323			42,553			42,553			-			-
Note payable and other borrowings			25,541			26,239			-			26,239			-
Interest rate swap agreements			16,402			16,402			-			16,402			-
Interest payable on deposits and borrowings			794			794			-			794			-


		December 31, 2019
		Carrying			Fair
		Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and due from banks		$	34,096		$	34,096		$	34,096		$	-		$	-
Interest earning deposits with financial institutions			16,536			16,536			16,536			-			-
Securities available-for-sale			484,648			484,648			4,036			475,193			5,419
FHLBC and FRBC stock			9,917			9,917			-			9,917			-
Loans held-for-sale			3,061			3,061			-			3,061			-
Net loans			1,911,023			1,915,531			-			-			1,915,531
Interest rate swap agreements			2,771			2,771			-			2,771			-
Interest receivable on securities and loans			9,697			9,697			-			9,697			-

Financial liabilities:
Noninterest bearing deposits		$	669,795		$	669,795		$	669,795		$	-		$	-
Interest bearing deposits			1,456,954			1,457,832			-			1,457,832			-
Securities sold under repurchase agreements			48,693			48,693			-			48,693			-
Other short-term borrowings			48,500			48,500			-			48,500			-
Junior subordinated debentures			57,734			51,188			33,614			17,574			-
Senior notes			44,270			46,269			46,269			-			-
Note payable and other borrowings			6,673			7,003			-			7,003			-
Interest rate swap agreements			5,921			5,921			-			5,921			-
Interest payable on deposits and borrowings			1,079			1,079			-			1,079			-