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Fair Values of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2021

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments


		September 30, 2021
		Carrying			Fair
		Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and due from banks		$	26,705		$	26,705		$	26,705		$	-		$	-
Interest earning deposits with financial institutions			492,548			492,548			492,548			-			-
Securities available-for-sale			715,188			715,188			4,070			705,558			5,560
FHLBC and FRBC stock			9,917			9,917			-			9,917			-
Loans held-for-sale			3,009			3,009			-			3,009			-
Net loans			1,840,993			1,849,933			-			-			1,849,933
Mortgage servicing rights			5,320			5,320			-			-			5,320
Interest rate swap agreements			5,292			5,292			-			5,292			-
Interest rate lock commitments and forward contracts			875			875			-			875			-
Interest receivable on securities and loans			8,956			8,956			-			8,956			-

Financial liabilities:
Noninterest bearing deposits		$	1,037,638		$	1,037,638		$	1,037,638		$	-		$	-
Interest bearing deposits			1,676,691			1,677,796			-			1,677,796			-
Securities sold under repurchase agreements			42,962			42,962			-			42,962			-
Junior subordinated debentures			25,773			18,557			-			18,557			-
Subordinated debentures			59,190			60,390						60,390
Senior notes			44,454			44,724			44,724			-			-
Note payable and other borrowings			20,155			20,600			-			20,600			-
Interest rate swap agreements			7,767			7,767			-			7,767			-
Interest payable on deposits and borrowings			1,920			1,920			-			1,920			-


		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
Mortgage servicing rights			4,224			4,224			-			-			4,224
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			-
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			-