v3.26.3
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Interest and dividend income        
Loans, including fees $ 91,356 $ 91,301 $ 268,339 $ 214,850
Loans held-for-sale 31 31 136 92
Securities:        
Taxable 8,416 9,872 26,453 29,058
Tax exempt 1,079 1,235 3,366 3,724
Dividends from FHLBC and FRBC stock 672 381 1,719 1,127
Interest earning deposits with financial institutions 537 1,255 1,613 4,027
Total interest and dividend income 102,091 104,075 301,626 252,878
Interest expense        
Savings, NOW, and money market deposits 8,105 9,043 22,764 19,562
Time deposits 5,757 10,896 19,173 20,233
Securities sold under repurchase agreements 44 60 134 184
Other short-term borrowings 3,145 308 7,925 325
Junior subordinated debentures 269 288 854 864
Subordinated debentures 542 547 1,763 1,639
Notes payable and other borrowings 180 158 491 158
Total interest expense 18,042 21,300 53,104 42,965
Net interest and dividend income 84,049 82,775 248,522 209,913
Provision for credit losses 6,750 19,653 23,750 24,553
Net interest and dividend income after provision for credit losses 77,299 63,122 224,772 185,360
Noninterest income        
Mortgage servicing rights mark to market gain (loss) 623 (389) 319 (1,490)
Net gain on sales of mortgage loans 363 620 1,558 1,634
Securities losses, net (1) (1) (1) (1)
Change in cash surrender value of BOLI 796 1,175 3,347 2,363
Death benefit realized on BOLI   430   430
Card related income 2,479 2,581 7,312 7,355
Other income 1,426 1,415 4,578 3,302
Total noninterest income 13,070 13,109 38,961 34,208
Noninterest expense        
Salaries and employee benefits 30,846 39,723 90,622 93,666
Occupancy, furniture and equipment 5,284 4,937 15,773 13,962
Computer and data processing 3,258 4,002 9,850 9,042
FDIC insurance 746 854 2,264 2,124
Net teller & bill paying 754 691 2,194 2,019
General bank insurance 355 437 1,059 1,095
Amortization of core deposit intangible 1,149 1,251 3,492 3,310
Advertising and marketing expense 603 650 1,637 1,334
Card related expense 1,589 1,708 4,712 4,577
Professional fees 1,417 3,145 3,876 5,398
Consumer credit expense 1,725 1,368 4,967 1,408
Other real estate expense, net (30) 128 (164) 2,036
Other expense 3,926 4,269 12,802 11,116
Total noninterest expense 51,622 63,163 153,084 151,087
Income before income taxes 38,747 13,068 110,649 68,481
Provision for income taxes 9,807 3,197 27,945 16,958
Net income $ 28,940 $ 9,871 $ 82,704 $ 51,523
Basic earnings per share $ 0.57 $ 0.19 $ 1.61 $ 1.08
Diluted earnings per share 0.56 0.18 1.58 1.06
Dividends declared per share $ 0.07 $ 0.06 $ 0.21 $ 0.18
Wealth management        
Noninterest income        
Service charges on deposits $ 3,682 $ 3,515 $ 10,693 $ 9,707
Service charges on deposits        
Noninterest income        
Service charges on deposits 3,134 3,202 9,339 9,238
Secondary mortgage fees        
Noninterest income        
Service charges on deposits 101 92 388 249
Mortgage servicing income        
Noninterest income        
Service charges on deposits $ 467 $ 469 $ 1,428 $ 1,421