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Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2020

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments


		December 31, 2020
		Carrying			Fair
		Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and due from banks		$	24,306		$	24,306		$	24,306		$	-		$	-
Interest earning deposits with financial institutions			305,597			305,597			305,597			-			-
Securities available-for-sale			496,178			496,178			4,117			487,742			4,319
FHLBC and FRBC stock			9,917			9,917			-			9,917			-
Loans held-for-sale			12,611			12,611			-			12,611			-
Net loans			2,000,996			2,009,773			-			-			2,009,773
Interest rate swap agreements			9,388			9,388			-			9,388			-
Interest rate lock commitments and forward contracts			840			840			-			840			-
Interest receivable on securities and loans			9,698			9,698			-			9,698			-

Financial liabilities:
Noninterest bearing deposits		$	909,505		$	909,505		$	909,505		$	-		$	-
Interest bearing deposits			1,627,568			1,630,109			-			1,630,109			-
Securities sold under repurchase agreements			66,980			66,980			-			66,980			-
Other short-term borrowings			-			-			-			-			-
Junior subordinated debentures			25,773			14,658			-			14,658			-
Senior notes			44,375			44,600			44,600			-			-
Note payable and other borrowings			23,393			24,043			-			24,043			-
Interest rate swap agreements			13,071			13,071			-			13,071			-
Interest payable on deposits and borrowings			418			418			-			418			-


		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 rate lock commitments and forward contracts			250			250			-			250			-
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			-