XML 46 R34.htm IDEA: XBRL DOCUMENT

Fair Values of Financial Instruments (Tables)

9 Months Ended

Sep. 30, 2024

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments


		September 30, 2024
		Carrying			Fair
		Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and due from banks		$	63,298		$	63,298		$	63,298		$	-		$	-
Interest earning deposits with financial institutions			52,469			52,469			52,469			-			-
Securities available-for-sale			1,190,854			1,190,854			194,188			980,498			16,168
FHLBC and FRBC stock			30,205			30,205			-			30,205			-
Loans held-for-sale			2,447			2,447			-			2,447			-
Net loans			3,991,078			3,914,124			-			-			3,914,124
Mortgage servicing rights			9,726			9,726			-			-			9,726
Interest rate swap and rate cap agreements			4,499			4,499			-			4,499			-
Interest rate lock commitments and forward contracts			70			70			-			70			-
Interest receivable on securities and loans			26,682			26,682			-			26,682			-

Financial liabilities:
Noninterest bearing deposits		$	1,669,000		$	1,669,000		$	1,669,000		$	-		$	-
Interest bearing deposits			2,796,424			2,790,377			-			2,790,377			-
Securities sold under repurchase agreements			53,866			53,866			-			53,866			-
Other short-term borrowings			335,000			335,000			-			335,000			-
Junior subordinated debentures			25,773			21,316			-			21,316			-
Subordinated debentures			59,446			52,154			-			52,154			-
Interest rate swap and rate cap agreements			4,375			4,375			-			4,375			-
Interest payable on deposits and borrowings			4,275			4,275			-			4,275			-


		December 31, 2023
		Carrying			Fair
		Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and due from banks		$	55,534		$	55,534		$	55,534		$	-		$	-
Interest earning deposits with financial institutions			44,611			44,611			44,611			-			-
Securities available-for-sale			1,192,829			1,192,829			169,574			1,007,926			15,329
FHLBC and FRBC stock			33,355			33,355			-			33,355			-
Loans held-for-sale			1,322			1,322			-			1,322			-
Net loans			3,998,689			3,876,381			-			-			3,876,381
Mortgage servicing rights			10,344			10,344			-			-			10,344
Interest rate swap and rate cap agreements			5,302			5,302			-			5,302			-
Interest receivable on securities and loans			27,159			27,159			-			27,159			-

Financial liabilities:
Noninterest bearing deposits		$	1,834,891		$	1,834,891		$	1,834,891		$	-		$	-
Interest bearing deposits			2,735,855			2,726,223			-			2,726,223			-
Securities sold under repurchase agreements			26,470			26,470			-			26,470			-
Other short-term borrowings			405,000			405,000			-			405,000			-
Junior subordinated debentures			25,773			20,361			-			20,361			-
Subordinated debentures			59,382			47,982			-			47,982			-
Interest rate swap and rate cap agreements			8,234			8,324			-			8,324			-
Interest rate lock commitments and forward contracts			10			10			-			10			-
Interest payable on deposits and borrowings			2,962			2,962			-			2,962			-