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Fair Values of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2025

Fair Values of Financial Instruments

Schedule of carrying amount and estimated fair values of financial instruments


		March 31, 2025
		Carrying			Fair
		Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and due from banks		$	52,703		$	52,703		$	52,703		$	-		$	-
Interest earning deposits with financial institutions			203,418			203,418			203,418			-			-
Securities available-for-sale			1,146,721			1,146,721			160,191			971,559			14,971
FHLBC and FRBC stock			19,441			19,441			-			19,441			-
Loans held-for-sale			4,202			4,202			-			4,202			-
Net loans			3,898,681			3,839,709			-			-			3,839,709
Mortgage servicing rights			9,938			9,938			-			-			9,938
Interest rate swap and rate cap agreements			4,330			4,330			-			4,330			-
Interest rate lock commitments and forward contracts			102			102			-			102			-
Interest receivable on securities and loans			25,045			25,045			-			25,045			-

Financial liabilities:
Noninterest bearing deposits		$	1,713,711		$	1,713,711		$	1,713,711		$	-		$	-
Interest bearing deposits			3,139,080			3,131,724			-			3,131,724			-
Securities sold under repurchase agreements			38,664			38,664			-			38,664			-
Other short-term borrowings			-			-			-			-			-
Junior subordinated debentures			25,773			21,444			-			21,444			-
Subordinated debentures			59,489			54,511			-			54,511			-
Interest rate swap and rate cap agreements			2,104			2,104			-			2,104			-
Interest payable on deposits and borrowings			3,730			3,730			-			3,730			-


		December 31, 2024
		Carrying			Fair
		Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and due from banks		$	52,175		$	52,175		$	52,175		$	-		$	-
Interest earning deposits with financial institutions			47,154			47,154			47,154			-			-
Securities available-for-sale			1,161,701			1,161,701			194,143			952,408			15,150
FHLBC and FRBC stock			19,441			19,441			-			19,441			-
Loans held-for-sale			1,556			1,556			-			1,556			-
Net loans			3,937,717			3,818,303			-			-			3,818,303
Interest rate swap and rate cap agreements			5,498			5,498			-			5,498			-
Interest rate lock commitments and forward contracts			55			55			-			55			-
Interest receivable on securities and loans			24,598			24,598			-			24,598			-

Financial liabilities:
Noninterest bearing deposits		$	1,704,920		$	1,704,920		$	1,704,920		$	-		$	-
Interest bearing deposits			3,063,811			3,056,180			-			3,056,180			-
Securities sold under repurchase agreements			36,657			36,657			-			36,657			-
Other short-term borrowings			20,000			20,000			-			20,000			-
Junior subordinated debentures			25,773			21,444			-			21,444			-
Subordinated debentures			59,467			54,533			-			54,533			-
Interest rate swap and rate cap agreements			3,187			3,187			-			3,187			-
Interest payable on deposits and borrowings			3,871			3,871			-			3,871			-