XML 47 R32.htm IDEA: XBRL DOCUMENT v3.22.0.1

Acquisition (Tables)

12 Months Ended

Dec. 31, 2021

Acquisition

Summary of acquisition

​

​	​	​	​
West Suburban Acquisition Summary	​	​	​
As of Date of Acquisition	​	​	​
​	​	December 1, 2021
Assets	​	​	​
Cash and due from banks	​	$	16,794
Interest bearing deposits with financial institutions	​	​	232,880
Securities available-for-sale and held-to maturity, at fair value	​	​	1,066,373
FHLBC stock	​	​	3,340
Loans	​	​	1,502,118
Premises and equipment	​	​	47,456
Other real estate owned	​	​	5,552
Core deposit intangible	​	​	14,772
Deferred tax assets	​	​	2,093
Other assets	​	​	52,710
Total assets	​	$	2,944,088
​	​	​	​
Liabilities	​	​	​
Noninterest bearing demand	​	$	409,141
Savings, NOW and money market	​	​	2,069,890
Time	​	​	215,205
Total deposits	​	​	2,694,236
Reserve for unfunded commitments	​	​	1,787
Other liabilities	​	​	20,629
Total liabilities	​	​	2,716,652
​	​	​	​
Cash consideration paid	​	​	100,679
Stock issued for acquisition	​	​	194,484
Total Liabilities Assumed and Cash and Stock Consideration Paid for Acquisition	​	$	3,011,815
Goodwill	​	$	67,727

Schedule of Purchase price of loans at acquisition

​

​	​	​	​
​	​	As of
West Suburban Acquired PCD Loans	​	December 1, 2021
Par value of acquired loans	​	$	108,241
Allowance for credit losses	​	​	(12,075)
Non-credit discount	​	​	(1,723)
Purchase price of PCD loans at acquisition	​	$	94,443

Schedule of Unaudited Pro Forma

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Unaudited Pro Forma for the Years Ended

​

​

​

​

​

​

​

​

​

​

2021

​

2020

Net interest income

​

​

​

​

​

​

​

​

​

$

166,495

​

$

165,283

Noninterest income

​

​

​

​

​

​

​

​

​

​

59,036

​

​

48,937

Net income attributable to Old Second Bancorp, Inc.

​

​

​

​

​

​

​

​

​

​

67,779

​

​

12,349

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463

+ Details

Name:	us-gaap_BusinessAcquisitionProFormaInformationTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_BusinessCombinationsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of contractual cash flows to the carrying amount relating to certain loans acquired in a transfer.

+ References

No definition available.

+ Details

Name:	us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=123413009&loc=d3e4845-128472

+ Details

Name:	us-gaap_ScheduleOfRecognizedIdentifiedAssetsAcquiredAndLiabilitiesAssumedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration