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Fair Values of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2023

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments


		June 30, 2023
		Carrying			Fair
		Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and due from banks		$	59,466		$	59,466		$	59,466		$	-		$	-
Interest earning deposits with financial institutions			53,144			53,144			53,144			-			-
Securities available-for-sale			1,335,622			1,335,622			214,613			1,106,071			14,938
FHLBC and FRBC stock			36,730			36,730			-			36,730			-
Loans held-for-sale			1,218			1,218			-			1,218			-
Net loans			3,960,211			3,833,624			-			-			3,833,624
Mortgage servicing rights			11,041			11,041									11,041
Interest rate swap agreements			6,452			6,452			-			6,452			-
Interest rate lock commitments and forward contracts			77			77			-			77			-
Interest receivable on securities and loans			24,708			24,708			-			24,708			-

Financial liabilities:
Noninterest bearing deposits		$	1,897,694		$	1,897,694		$	1,897,694		$	-		$	-
Interest bearing deposits			2,819,888			2,805,372			-			2,805,372			-
Securities sold under repurchase agreements			31,532			31,532			-			31,532			-
Other short-term borrowings			485,000			485,000			-			485,000			-
Junior subordinated debentures			25,773			19,588			-			19,588			-
Subordinated debentures			59,339			47,339			-			47,339			-
Senior notes			-			-			-			-			-
Note payable and other borrowings			-			-			-			-			-
Interest rate swap agreements			13,740			13,740			-			13,740			-
Interest payable on deposits and borrowings			1,950			1,950			-			1,950			-


		December 31, 2022
		Carrying			Fair
		Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and due from banks		$	56,632		$	56,632		$	56,632		$	-		$	-
Interest earning deposits with financial institutions			58,545			58,545			58,545			-			-
Securities available-for-sale			1,539,359			1,539,359			212,129			1,291,219			36,011
FHLBC and FRBC stock			20,530			20,530			-			20,530			-
Loans held-for-sale			491			491			-			491			-
Net loans			3,820,129			3,681,387			-			-			3,681,387
Mortgage servicing rights			11,189			11,189			-			-			11,189
Interest rate swap agreements			6,391			6,391			-			6,391			-
Interest rate lock commitments and forward contracts			76			76			-			76			-
Interest receivable on securities and loans			22,661			22,661			-			22,661			-

Financial liabilities:
Noninterest bearing deposits		$	2,051,702		$	2,051,702		$	2,051,702		$	-		$	-
Interest bearing deposits			3,059,021			3,042,740			-			3,042,740			-
Securities sold under repurchase agreements			32,156			32,156			-			32,156			-
Other short-term borrowings			90,000			90,000			-			90,000			-
Junior subordinated debentures			25,773			21,907			-			21,907			-
Subordinated debentures			59,297			52,322			-			52,322			-
Senior notes			44,585			44,248			44,248			-			-
Note payable and other borrowings			9,000			8,984			-			8,984			-
Interest rate swap agreements			12,264			12,264			-			12,264			-
Interest payable on deposits and borrowings			1,657			1,657			-			1,657			-