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v3.23.1

Fair Values of Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022
--- | --- | ---
Financial assets: |  |
Cash and due from banks | $ 50,860 | $ 56,632
Interest earning deposits with financial institutions | 52,162 | 58,545
Securities available-for-sale | 1,455,068 | 1,539,359
FHLBC and FRBC Stock | 30,205 | 20,530
Mortgage servicing rights | 10,784 | 11,189
Financial liabilities: |  |
Noninterest bearing deposits | 1,950,144 | 2,051,702
Other short-term borrowings | 315,000 | 90,000
Junior subordinated debentures | 25,773 | 25,773
Senior notes | 44,611 | 44,585
Reported Value Measurement |  |
Financial assets: |  |
Cash and due from banks | 50,860 | 56,632
Interest earning deposits with financial institutions | 52,162 | 58,545
Securities available-for-sale | 1,455,068 | 1,539,359
FHLBC and FRBC Stock | 30,205 | 20,530
Loans held for sale | 946 | 491
Net loans | 4,003,354 | 3,820,129
Mortgage servicing rights | 10,784 | 11,189
Interest rate swap agreements | 5,735 | 6,391
Interest rate lock commitments and forward contracts | 28 | 76
Interest receivable on securities and loans | 24,214 | 22,661
Financial liabilities: |  |
Noninterest bearing deposits | 1,950,144 | 2,051,702
Interest bearing deposits | 2,947,076 | 3,059,021
Securities sold under repurchase agreements | 27,897 | 32,156
Other short-term borrowings | 315,000 | 90,000
Junior subordinated debentures | 25,773 | 25,773
Subordinated debentures | 59,318 | 59,297
Senior notes | 44,611 | 44,585
Note payable and other borrowings |  | 9,000
Interest rate swap agreements | 10,006 | 12,264
Interest payable on deposits and borrowings | 2,029 | 1,657
Estimate of Fair Value Measurement |  |
Financial assets: |  |
Cash and due from banks | 50,860 | 56,632
Interest earning deposits with financial institutions | 52,162 | 58,545
Securities available-for-sale | 1,455,068 | 1,539,359
FHLBC and FRBC Stock | 30,205 | 20,530
Loans held for sale | 946 | 491
Net loans | 3,842,384 | 3,681,387
Mortgage servicing rights | 10,784 | 11,189
Interest rate swap agreements | 5,735 | 6,391
Interest rate lock commitments and forward contracts | 28 | 76
Interest receivable on securities and loans | 24,214 | 22,661
Financial liabilities: |  |
Noninterest bearing deposits | 1,950,144 | 2,051,702
Interest bearing deposits | 2,932,989 | 3,042,740
Securities sold under repurchase agreements | 27,897 | 32,156
Other short-term borrowings | 315,000 | 90,000
Junior subordinated debentures | 19,330 | 21,907
Subordinated debentures | 46,118 | 52,322
Senior notes | 41,011 | 44,248
Note payable and other borrowings |  | 8,984
Interest rate swap agreements | 10,006 | 12,264
Interest payable on deposits and borrowings | 2,029 | 1,657
Fair Value, Inputs, Level 1 |  |
Financial assets: |  |
Cash and due from banks | 50,860 | 56,632
Interest earning deposits with financial institutions | 52,162 | 58,545
Securities available-for-sale | 214,734 | 212,129
Financial liabilities: |  |
Noninterest bearing deposits | 1,950,144 | 2,051,702
Senior notes | 41,011 | 44,248
Fair Value, Inputs, Level 2 |  |
Financial assets: |  |
Securities available-for-sale | 1,225,355 | 1,291,219
FHLBC and FRBC Stock | 30,205 | 20,530
Loans held for sale | 946 | 491
Interest rate swap agreements | 5,735 | 6,391
Interest rate lock commitments and forward contracts | 28 | 76
Interest receivable on securities and loans | 24,214 | 22,661
Financial liabilities: |  |
Interest bearing deposits | 2,932,989 | 3,042,740
Securities sold under repurchase agreements | 27,897 | 32,156
Other short-term borrowings | 315,000 | 90,000
Junior subordinated debentures | 19,330 | 21,907
Subordinated debentures | 46,118 | 52,322
Note payable and other borrowings |  | 8,984
Interest rate swap agreements | 10,006 | 12,264
Interest payable on deposits and borrowings | 2,029 | 1,657
Fair Value, Inputs, Level 3 |  |
Financial assets: |  |
Securities available-for-sale | 14,979 | 36,011
Net loans | 3,842,384 | 3,681,387
Mortgage servicing rights | $ 10,784 | $ 11,189

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