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Fair Values of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2021

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments


		December 31, 2021
		Carrying			Fair
		Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and due from banks		$	38,565		$	38,565		$	38,565		$	-		$	-
Interest earning deposits with financial institutions			713,542			713,542			713,542			-			-
Securities available-for-sale			1,692,488			1,692,488			202,339			1,476,057			14,092
FHLBC and FRBC stock			13,257			13,257			-			13,257			-
Loans held-for-sale			4,737			4,737			-			4,737			-
Net loans			3,377,667			3,408,199			-			-			3,408,199
Mortgage servicing rights			7,097			7,097			-			-			7,097
Interest rate swap agreements			3,494			3,494			-			3,494			-
Interest rate lock commitments and forward contracts			508			508			-			508			-
Interest receivable on securities and loans			13,431			13,431			-			13,431			-

Financial liabilities:
Noninterest bearing deposits		$	1,428,055		$	1,428,055		$	1,428,055		$	-		$	-
Interest bearing deposits			4,038,177			4,041,369			-			4,041,369			-
Securities sold under repurchase agreements			50,377			50,377			-			50,377			-
Junior subordinated debentures			25,773			18,557			-			18,557			-
Subordinated debentures			59,212			60,111						60,111
Senior notes			44,480			44,480			44,480			-			-
Note payable and other borrowings			19,074			19,411			-			19,411			-
Interest rate swap agreements			6,788			6,788			-			6,788			-
Interest payable on deposits and borrowings			1,706			1,706			-			1,706			-


		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			-