Acquisition (Tables)
12 Months Ended
Dec. 31, 2021
Acquisition  
Summary of acquisition

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West Suburban Acquisition Summary

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As of Date of Acquisition

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December 1, 2021

Assets

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Cash and due from banks

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$

16,794

Interest bearing deposits with financial institutions

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232,880

Securities available-for-sale and held-to maturity, at fair value

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1,066,373

FHLBC stock

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3,340

Loans

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1,502,118

Premises and equipment

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47,456

Other real estate owned

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5,552

Core deposit intangible

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14,772

Deferred tax assets

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2,093

Other assets

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52,710

Total assets

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$

2,944,088

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Liabilities

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Noninterest bearing demand

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$

409,141

Savings, NOW and money market

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2,069,890

Time

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215,205

Total deposits

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2,694,236

Reserve for unfunded commitments

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1,787

Other liabilities

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20,629

Total liabilities

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2,716,652

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Cash consideration paid

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100,679

Stock issued for acquisition

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194,484

Total Liabilities Assumed and Cash and Stock Consideration Paid for Acquisition

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$

3,011,815

Goodwill

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$

67,727

Schedule of Purchase price of loans at acquisition

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As of

West Suburban Acquired PCD Loans

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December 1, 2021

Par value of acquired loans

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$

108,241

Allowance for credit losses

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(12,075)

Non-credit discount

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(1,723)

Purchase price of PCD loans at acquisition

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$

94,443

Schedule of Unaudited Pro Forma

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Unaudited Pro Forma for the Years Ended

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2021

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2020

Net interest income

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$

166,495

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$

165,283

Noninterest income

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59,036

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48,937

Net income attributable to Old Second Bancorp, Inc.

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67,779

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12,349