Fair Values of Financial Instruments

6 Months Ended

Jun. 30, 2026

Fair Values of Financial Instruments

Fair Values of Financial Instruments

Note 13 – Fair Values of Financial Instruments

The carrying amount and estimated fair values of financial instruments were as follows:

P
		June 30, 2026
		Carrying			Fair
		Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and due from banks		$	47,964		$	47,964		$	47,964		$	-		$	-
Interest earning deposits with financial institutions			95,369			95,369			95,369			-			-
Securities available-for-sale			1,040,760			1,040,760			144,387			884,490			11,883
FHLBC and FRBC stock			40,125			40,125			-			40,125			-
Loans held-for-sale			2,349			2,349			-			2,349			-
Net loans			5,175,490			5,092,909			-			-			5,092,909
Mortgage servicing rights			9,825			9,825			-			-			9,825
Interest rate swap and rate cap agreements			3,837			3,837			-			3,837			-
Interest receivable on securities and loans			29,562			29,562			-			29,562			-

Financial liabilities:
Noninterest bearing deposits		$	1,746,755		$	1,746,755		$	1,746,755		$	-		$	-
Interest bearing deposits			3,697,933			3,690,225			-			3,690,225			-
Securities sold under repurchase agreements			23,241			23,241			-			23,241			-
Other short-term borrowings			375,000			375,000			-			375,000			-
Junior subordinated debentures			25,774			21,779			-			21,779			-
Subordinated debentures			29,798			28,748			-			28,748			-
Note payable and other borrowings			14,850			14,921			-			14,921			-
Interest rate swap and rate cap agreements			468			468			-			468			-
Interest rate lock commitments and forward contracts			12			12			-			12			-
Interest payable on deposits and borrowings			4,183			4,183			-			4,183			-


		December 31, 2025
		Carrying			Fair
		Amount			Value			Level 1			Level 2			Level 3
Financial assets:
Cash and due from banks		$	51,665		$	51,665		$	51,665		$	-		$	-
Interest earning deposits with financial institutions			72,360			72,360			72,360			-			-
Securities available-for-sale			1,090,523			1,090,523			165,860			912,866			11,797
FHLBC and FRBC stock			32,025			32,025			-			32,025			-
Loans held-for-sale			3,645			3,645			-			3,645			-
Net loans			5,179,830			5,032,472			-			-			5,032,472
Mortgage servicing rights			9,459			9,459			-			-			9,459
Interest rate swap and rate cap agreements			4,298			4,298			-			4,298			-
Interest rate lock commitments and forward contracts			31			31			-			31			-
Interest receivable on securities and loans			30,344			30,344			-			30,344			-

Financial liabilities:
Noninterest bearing deposits		$	1,739,117		$	1,739,117		$	1,739,117		$	-		$	-
Interest bearing deposits			3,856,952			3,850,530			-			3,850,530			-
Securities sold under repurchase agreements			23,769			23,769			-			23,769			-
Other short-term borrowings			215,000			215,000			-			215,000			-
Junior subordinated debentures			25,774			21,522			-			21,522			-
Subordinated debentures			59,552			57,973			-			57,973			-
Note payable and other borrowings			14,825			15,049			-			15,049			-
Interest rate swap and rate cap agreements			1,143			1,143			-			1,143			-
Interest payable on deposits and borrowings			5,451			5,451			-			5,451			-