v3.25.2
ACQUISITIONS AND DISPOSITIONS
6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
ACQUISITIONS AND DISPOSITIONS
ACQUISITIONS AND DISPOSITIONS

Old Second National Bank Branch Sale

On December 6, 2024 the Bank completed its sale of five branches in the suburban Chicago market to Old Second National Bank ("Old Second"). Pursuant to the terms of the branch sale agreement, Old Second assumed certain deposit liabilities and acquired certain loans, as well as cash and premises and equipment. The Bank recognized a gain on sale of $20.0 million related to the branch sale for the year ended December 31, 2024.

The following table summarizes the assets and liabilities related to the branch sale:
December 6, 2024
Assets
Cash and due from banks$419 
Loans7,410 
Premises and equipment3,233 
Interest receivable and other assets21 
Total Assets$11,083 
Liabilities
Deposits$267,448 
Interest payable and other liabilities692 
Total Liabilities$268,140