v3.26.1
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest and dividend income        
Loans, including fees $ 89,845 $ 61,954 $ 176,983 $ 123,549
Loans held-for-sale 62 39 105 61
Securities:        
Taxable 9,088 9,959 18,037 19,186
Tax exempt 1,132 1,229 2,287 2,489
Dividends from FHLBC and FRBC stock 535 273 1,047 746
Interest bearing deposits with financial institutions 527 1,784 1,076 2,772
Total interest and dividend income 101,189 75,238 199,535 148,803
Interest expense        
Savings, NOW, and money market deposits 7,512 5,606 14,659 10,519
Time deposits 6,199 4,508 13,416 9,337
Securities sold under repurchase agreements 40 56 90 124
Other short-term borrowings 2,989   4,780 17
Junior subordinated debentures 289 288 585 576
Subordinated debentures 675 546 1,221 1,092
Notes payable and other borrowings 156   311  
Total interest expense 17,860 11,004 35,062 21,665
Net interest and dividend income 83,329 64,234 164,473 127,138
Provision for credit losses 7,500 2,500 17,000 4,900
Net interest and dividend income after provision for credit losses 75,829 61,734 147,473 122,238
Noninterest income        
Mortgage servicing rights mark to market loss (152) (531) (304) (1,101)
Net gain on sales of mortgage loans 640 550 1,195 1,014
Change in cash surrender value of BOLI 1,469 690 2,551 1,188
Card related income 2,483 2,533 4,833 4,774
Other income 1,488 937 3,152 1,887
Total noninterest income 13,261 10,898 25,891 21,099
Noninterest expense        
Salaries and employee benefits 30,103 26,950 59,776 53,943
Occupancy, furniture and equipment 5,118 4,477 10,489 9,025
Computer and data processing 3,217 2,692 6,592 5,040
FDIC insurance 759 642 1,518 1,270
Net teller & bill paying 724 670 1,440 1,328
General bank insurance 351 328 704 658
Amortization of core deposit intangible 1,167 1,022 2,343 2,059
Advertising and marketing expense 483 454 1,034 683
Card related expense 1,604 1,489 3,123 2,869
Professional fees 1,160 1,158 2,459 2,253
Consumer credit expense 1,720 15 3,242 40
Other real estate expense, net 52 35 (134) 1,908
Other expense 4,794 3,487 8,876 6,848
Total noninterest expense 51,252 43,419 101,462 87,924
Income before income taxes 37,838 29,213 71,902 55,413
Provision for income taxes 9,659 7,391 18,138 13,761
Net income $ 28,179 $ 21,822 $ 53,764 $ 41,652
Basic earnings per share $ 0.55 $ 0.49 $ 1.04 $ 0.93
Diluted earnings per share 0.54 0.48 1.02 0.91
Dividends declared per share $ 0.07 $ 0.06 $ 0.14 $ 0.12
Wealth management        
Noninterest income        
Service charges on deposits $ 3,628 $ 3,103 $ 7,011 $ 6,192
Service charges on deposits        
Noninterest income        
Service charges on deposits 3,075 3,060 6,205 6,036
Secondary mortgage fees        
Noninterest income        
Service charges on deposits 166 84 287 157
Mortgage servicing income        
Noninterest income        
Service charges on deposits $ 464 $ 472 $ 961 $ 952