OLD SECOND BANCORP INC (OSBC) financial statements: income statement, balance sheet and cash flow

OLD SECOND BANCORP INC's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), OLD SECOND BANCORP INC reported net income of $80.3M (-5.8% year on year).

Income statement

OLD SECOND BANCORP INC income statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Loans, including fees$305.8M$253.3M$244.2M$176.4M
Loans held-for-sale$127.0K$94.0K$91.0K$130.0K
Taxable$38.2M$34.7M$37.9M$31.6M
Tax exempt$4.9M$5.2M$5.3M$5.3M
Dividends from FHLBC and FRBC stock$1.5M$2.3M$1.9M$936.0K
Interest bearing deposits with financial institutions$4.6M$2.4M$2.5M$2.2M
Total interest and dividend income$355.2M$297.9M$292.0M$216.5M
Savings, NOW, and money market deposits$27.5M$17.9M$8.8M$1.9M
Time deposits$28.9M$20.1M$6.6M$1.4M
Securities sold under repurchase agreements$229.0K$337.0K$93.0K$40.0K
Other short-term borrowings$2.0M$14.6M$18.8M$480.0K
Junior subordinated debentures$1.2M$1.1M$1.1M$1.1M
Subordinated debentures$2.2M$2.2M$2.2M$2.2M
Notes payable and other borrowings$316.0K—$87.0K$446.0K
Total interest expense$62.2M$56.3M$40.0M$10.3M
Net interest and dividend income$293.0M$241.6M$251.9M$206.2M
Provision for credit losses$27.6M$12.8M$16.5M$6.5M
Net interest and dividend income after provision for credit losses$265.4M$228.9M$235.4M$199.6M
Service charges on deposits$26.8M$23.9M$21.9M$21.9M
Mortgage servicing rights mark to market loss($1.9M)($723.0K)($1.4M)$3.2M
Net gain on sales of mortgage loans$2.3M$1.8M$1.5M$2.0M
Securities gains (losses), net$7.0K—($4.1M)($944.0K)
Change in cash surrender value of BOLI$3.2M$3.6M$2.1M$718.0K
Death benefit realized on BOLI$430.0K$905.0K——
Card related income$10.6M$10.1M$10.1M$11.0M
Other income$5.0M$4.2M$4.2M$5.2M
Total noninterest income$46.4M$43.8M$34.2M$43.1M
Salaries and employee benefits$124.7M$98.0M$88.6M$86.6M
Occupancy, furniture and equipment$19.1M$16.2M$14.4M$15.0M
Computer and data processing$13.8M$9.5M$7.3M$15.8M
FDIC insurance$2.8M$2.5M$2.7M$2.4M
Net teller & bill paying$2.7M$2.2M$2.1M$3.7M
General bank insurance$1.4M$1.3M$1.2M$1.2M
Amortization of core deposit intangible$4.5M$2.4M$2.5M$2.6M
Advertising expense$1.3M$1.2M$721.0K$589.0K
Card related expense$6.2M$5.6M$5.1M$4.3M
Legal fees$1.7M$1.3M$927.0K$873.0K
Consulting & management fees$3.9M$2.5M$2.4M$2.4M
Other real estate expense, net$2.1M$2.2M$399.0K$130.0K
Other expense$19.6M$14.8M$16.8M$15.5M
Total noninterest expense$204.0M$159.7M$145.2M$151.2M
Income before income taxes$107.8M$113.0M$124.4M$91.5M
Provision for income taxes$27.4M$27.7M$32.7M$24.1M
Net income$80.3M$85.3M$91.7M$67.4M
Basic earnings per share$1.64$1.90$2.05$1.51
OLD SECOND BANCORP INC income statement, quarters
Line itemJun 30, 2026 · Q2Mar 31, 2026 · Q1Sep 30, 2025 · Q3Jun 30, 2025 · Q2
Loans, including fees$89.8M$87.1M$91.3M$62.0M
Loans held-for-sale$62.0K$43.0K$31.0K$39.0K
Taxable$9.1M$8.9M$9.9M$10.0M
Tax exempt$1.1M$1.2M$1.2M$1.2M
Dividends from FHLBC and FRBC stock$535.0K$512.0K$381.0K$273.0K
Interest bearing deposits with financial institutions$527.0K$549.0K$1.3M$1.8M
Total interest and dividend income$101.2M$98.3M$104.1M$75.2M
Savings, NOW, and money market deposits$7.5M$7.1M$9.0M$5.6M
Time deposits$6.2M$7.2M$10.9M$4.5M
Securities sold under repurchase agreements$40.0K$50.0K$60.0K$56.0K
Other short-term borrowings$3.0M$1.8M$308.0K—
Junior subordinated debentures$289.0K$296.0K$288.0K$288.0K
Subordinated debentures$675.0K$546.0K$547.0K$546.0K
Notes payable and other borrowings$156.0K$155.0K$158.0K—
Total interest expense$17.9M$17.2M$21.3M$11.0M
Net interest and dividend income$83.3M$81.1M$82.8M$64.2M
Provision for credit losses$7.5M$9.5M$19.7M$2.5M
Net interest and dividend income after provision for credit losses$75.8M$71.6M$63.1M$61.7M
Service charges on deposits$7.3M$7.1M$7.0M$6.4M
Mortgage servicing rights mark to market loss($152.0K)($152.0K)($389.0K)($531.0K)
Net gain on sales of mortgage loans$640.0K$555.0K$620.0K$550.0K
Change in cash surrender value of BOLI$1.5M$1.1M$1.2M$690.0K
Card related income$2.5M$2.4M$2.7M$2.7M
Other income$1.5M$1.7M$1.5M$1.0M
Total noninterest income$13.3M$12.6M$13.1M$10.9M
Salaries and employee benefits$30.1M$29.7M$39.7M$26.9M
Occupancy, furniture and equipment$5.1M$5.4M$4.9M$4.5M
Computer and data processing$3.2M$3.4M$4.0M$2.7M
FDIC insurance$759.0K$759.0K$854.0K$642.0K
Net teller & bill paying$724.0K$716.0K$691.0K$670.0K
General bank insurance$351.0K$353.0K$437.0K$328.0K
Amortization of core deposit intangible$1.2M$1.2M$1.3M$1.0M
Advertising and marketing expense$483.0K$551.0K——
Card related expense$1.6M$1.5M$1.7M$1.5M
Professional fees$1.2M$1.3M——
Consumer credit expense$1.7M$1.5M——
Other real estate expense, net$52.0K($186.0K)$128.0K$35.0K
Other expense$4.8M$4.1M$6.0M$3.9M
Total noninterest expense$51.3M$50.2M$63.2M$43.4M
Income before income taxes$37.8M$34.1M$13.1M$29.2M
Provision for income taxes$9.7M$8.5M$3.2M$7.4M
Net income$28.2M$25.6M$9.9M$21.8M
Basic earnings per share$0.55$0.49$0.19$0.49
Diluted earnings per share$0.54$0.48$0.18$0.48
Dividends declared per share$0.07$0.07$0.06$0.06

Balance sheet

OLD SECOND BANCORP INC balance sheet, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Cash and due from banks$51.7M$52.2M$55.5M$56.6M
Interest earning deposits with financial institutions$72.4M$47.2M$44.6M$58.5M
Cash and cash equivalents$124.0M$99.3M$100.1M$115.2M
Securities available-for-sale, at fair value$1.1B$1.2B$1.2B$1.5B
Federal Home Loan Bank Chicago ("FHLBC") and Federal Reserve Bank Chicago ("FRBC") stock$32.0M$19.4M$33.4M$20.5M
Loans held-for-sale$3.6M$1.6M$1.3M$491.0K
Loans$5.3B$4.0B$4.0B$3.9B
Less: allowance for credit losses on loans$72.3M$43.6M$44.3M$49.5M
Net loans$5.2B$3.9B$4.0B$3.8B
Premises and equipment, net$86.6M$87.3M$79.3M$72.4M
Other real estate owned, net$1.4M$21.6M$5.1M$1.6M
Mortgage servicing rights, at fair value$9.5M$10.4M$10.3M$11.2M
Goodwill$129.2M$93.3M$86.5M$86.5M
Core deposit intangible ("CDI")$23.7M$22.0M$11.2M$13.7M
Bank-owned life insurance ("BOLI")$130.5M$112.8M$109.3M$106.6M
Deferred tax assets, net$31.3M$26.6M$31.1M$44.8M
Other assets$60.5M$55.7M$63.6M$56.0M
Total assets$6.9B$5.6B$5.7B$5.9B
Noninterest bearing demand$1.7B$1.7B$1.8B$2.1B
Savings, NOW, and money market$2.7B$2.3B$2.2B$2.6B
Time$1.1B$748.7M$527.9M$441.9M
Total deposits$5.6B$4.8B$4.6B$5.1B
Securities sold under repurchase agreements$23.8M$36.7M$26.5M$32.2M
Other short-term borrowings$215.0M$20.0M$405.0M$90.0M
Junior subordinated debentures$25.8M$25.8M$25.8M$25.8M
Subordinated debentures$59.6M$59.5M$59.4M$59.3M
Notes payable and other borrowings$14.8M——$9.0M
Other liabilities$70.9M$67.7M$58.1M$55.6M
Total liabilities$6.0B$5.0B$5.1B$5.4B
Common stock$53.0M$44.9M$44.7M$44.7M
Additional paid-in capital$341.5M$205.3M$202.2M$202.3M
Retained earnings$537.2M$469.2M$393.3M$310.5M
Accumulated other comprehensive loss, net($28.7M)($47.7M)($62.8M)($93.1M)
Treasury stock($6.2M)($575.0K)($177.0K)($3.2M)
Total stockholders' equity$896.8M$671.0M$577.3M$461.1M
Total liabilities and stockholders' equity$6.9B$5.6B$5.7B$5.9B
OLD SECOND BANCORP INC balance sheet, quarters
Line itemJun 30, 2026Mar 31, 2026Sep 30, 2025Jun 30, 2025
Cash and due from banks$48.0M$48.1M$53.1M$63.5M
Interest earning deposits with financial institutions$95.4M$67.6M$63.4M$78.3M
Cash and cash equivalents$143.3M$115.7M$116.5M$141.8M
Securities available-for-sale, at fair value$1.0B$1.1B$1.2B$1.2B
Federal Home Loan Bank of Chicago ("FHLBC") and Federal Reserve Bank of Chicago ("FRBC") stock$40.1M$31.4M$28.3M$19.1M
Loans held-for-sale$2.3M$4.3M$1.5M$3.2M
Loans$5.2B$5.2B$5.3B$4.0B
Less: allowance for credit losses on loans$70.4M$72.1M$75.0M$43.0M
Net loans$5.2B$5.1B$5.2B$4.0B
Premises and equipment, net$84.5M$85.6M$87.7M$85.7M
Other real estate owned, net$622.0K$632.0K$6.4M$6.5M
Mortgage servicing rights, at fair value$9.8M$9.6M$9.5M$9.7M
Goodwill$129.2M$129.2M$130.3M$93.2M
Core deposit intangible ("CDI")$21.3M$22.5M$24.9M$20.0M
Bank-owned life insurance ("BOLI")$133.5M$131.6M$129.1M$114.4M
Deferred tax assets, net$28.7M$31.3M$33.4M$20.4M
Other assets$60.6M$58.8M$76.7M$54.0M
Total assets$6.9B$6.8B$7.0B$5.7B
Noninterest bearing demand$1.7B$1.8B$1.7B$1.7B
Savings, NOW, and money market$2.8B$2.8B$2.8B$2.4B
Time$926.4M$1.0B$1.3B$694.1M
Total deposits$5.4B$5.6B$5.8B$4.8B
Securities sold under repurchase agreements$23.2M$23.1M$24.3M$47.3M
Other short-term borrowings$375.0M$200.0M$165.0M—
Junior subordinated debentures$25.8M$25.8M$25.8M$25.8M
Subordinated debentures$29.8M$59.6M$59.5M$59.5M
Notes payable and other borrowings$14.8M$14.8M$14.8M—
Other liabilities$54.1M$67.6M$75.4M$51.7M
Total liabilities$6.0B$6.0B$6.1B$5.0B
Common stock$53.0M$53.0M$53.0M$45.1M
Additional paid-in capital$339.6M$338.4M$340.1M$206.2M
Retained earnings$583.7M$559.1M$512.1M$505.4M
Accumulated other comprehensive loss, net($31.9M)($31.1M)($32.3M)($37.4M)
Treasury stock($41.7M)($26.2M)($6.3M)($645.0K)
Total stockholders' equity$902.8M$893.3M$866.7M$718.6M
Total liabilities and stockholders' equity$6.9B$6.8B$7.0B$5.7B

Cash flow statement

OLD SECOND BANCORP INC cash flow statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Net income$80.3M$85.3M$91.7M$67.4M
Net premium / discount amortization on securities$1.9M$2.7M$3.3M$5.2M
Securities (gains)/losses, net($7.0K)—$4.1M$944.0K
Provision for credit losses$27.6M$12.8M$16.5M$6.5M
Originations of loans held-for-sale($85.7M)($58.0M)($52.1M)($76.6M)
Proceeds from sales of loans held-for-sale$84.9M$58.8M$52.2M$81.8M
Net gains on sales of mortgage loans($2.3M)($1.8M)($1.5M)($2.0M)
Mortgage servicing rights mark to market loss$1.9M$723.0K$1.4M($3.2M)
Net accretion of discount on loans($3.1M)($422.0K)($3.1M)($6.3M)
Net change in cash surrender value of BOLI($3.2M)($3.6M)($2.1M)($718.0K)
Net gains on sale of other real estate owned($201.0K)($390.0K)($256.0K)($163.0K)
Provision for other real estate owned valuation losses$681.0K$1.7M$269.0K$104.0K
Depreciation of fixed assets and amortization of leasehold improvements$6.1M$5.6M$4.5M$4.1M
Amortization of operating lease right-of-use asset$562.0K$1.1M——
Net gains on disposal and transfer of fixed assets($742.0K)($31.3K)($623.0K)($2.0M)
Amortization of core deposit intangibles$4.5M$2.4M$2.5M$2.6M
Change in current income taxes receivable$4.3M$6.0M($4.9M)$12.0M
Deferred tax expense (benefit)$1.6M($1.4M)$1.9M$969.0K
Change in accrued interest receivable and other assets$8.8M$4.1M($5.9M)($940.0K)
Accretion of purchase accounting adjustment on time deposits($837.0K)($235.0K)($1.2M)($1.6M)
Amortization of junior subordinated debentures issuance costs$1.0K———
Change in accrued interest payable and other liabilities($10.3M)$13.5M$6.0M$6.2M
Payments on operating lease payable($231.0K)($1.3M)——
Stock based compensation$5.5M$3.9M$3.6M$3.0M
Net cash provided by operating activities$122.3M$131.5M$116.4M$97.3M
Proceeds from maturities and calls, including pay down of securities available-for-sale$279.6M$304.2M$186.0M$279.8M
Proceeds from sales of securities available-for-sale$125.9M$5.3M$205.7M$31.0M
Purchases of securities available-for-sale($191.6M)($265.5M)($13.4M)($301.6M)
Net (purchases) redemptions of FHLBC/FRBC stock($10.6M)$13.9M——
Net change in loans($75.8M)$34.7M($197.6M)($443.9M)
Purchases of BOLI policies($1.1M)($1.1M)($590.0K)($590.0K)
Proceeds from claims on BOLI, net of claims receivable$433.0K$1.2M——
Proceeds from sales of other real estate owned, net of participations$24.7M$3.2M$2.0M$941.0K
Proceeds from disposition of premises and equipment$2.2M—$4.5M$13.3M
Net purchases of premises and equipment($4.5M)($10.8M)($12.4M)($4.3M)
Cash paid for acquisition, net of cash and cash equivalents retained$10.5M$237.4M—($146.0K)
Net cash used in investing activities$159.8M$322.7M$161.6M($432.8M)
Net change in deposits($404.3M)($69.8M)($538.8M)($353.9M)
Net change in securities sold under repurchase agreements($12.9M)$10.2M($5.7M)($18.2M)
Net change in other short-term borrowings$179.5M($385.0M)$315.0M$90.0M
Dividends paid on common stock($12.2M)($9.4M)($8.9M)($8.9M)
Purchase of treasury stock($7.4M)($1.0M)($605.0K)($455.0K)
Net cash used in financing activities($257.4M)($455.1M)($293.0M)($301.5M)
Net change in cash and cash equivalents$24.7M($816.0K)($15.0M)($636.9M)
Cash and cash equivalents at beginning of year$99.3M$100.1M$115.2M$752.1M
OLD SECOND BANCORP INC cash flow statement, quarters
Line itemJun 30, 2026 · YTDMar 31, 2026 · Q1Sep 30, 2025 · YTDJun 30, 2025 · YTD
Net income$53.8M$25.6M$51.5M$41.7M
Net premium / discount amortization on securities$874.0K$475.0K$1.4M$916.0K
Provision for credit losses$17.0M$9.5M$24.6M$4.9M
Originations of loans held-for-sale($53.1M)($22.9M)($55.5M)($36.4M)
Proceeds from sales of loans held-for-sale$54.9M$22.5M$56.6M$35.4M
Net gains on sales of mortgage loans($1.2M)($555.0K)($1.6M)($1.0M)
Mortgage servicing rights mark to market loss$304.0K$152.0K$1.5M$1.1M
Net accretion of purchase accounting adjustments and other discounts on loans($453.0K)($175.0K)($1.8M)($508.0K)
Net change in cash surrender value of BOLI($2.6M)($1.1M)($2.4M)($1.2M)
Net (gains) losses on sale of other real estate owned($98.0K)($98.0K)$160.0K$160.0K
Provision for other real estate owned valuation losses$10.0K—$681.0K$611.0K
Depreciation of fixed assets and amortization of leasehold improvements$3.4M$1.7M$4.5M$2.8M
Change in operating lease right-of-use asset($1.0M)($512.0K)——
Amortization of core deposit intangibles$2.3M$1.2M$3.3M$2.1M
Change in current income taxes($9.7M)$7.1M($4.6M)($2.7M)
Deferred tax expense$3.8M$871.0K($6.8M)$6.2M
Change in accrued interest receivable and other assets$5.7M$2.2M$3.1M($648.0K)
Accretion of purchase accounting adjustment on time deposits($49.0K)($25.0K)($609.0K)($367.0K)
Change in accrued interest payable and other liabilities($12.4M)($11.0M)$73.0K($13.1M)
Change in operating lease payable$1.2M$602.0K——
Stock based compensation$2.9M$1.4M$4.1M$2.5M
Net cash provided by operating activities$65.5M$36.9M$78.0M$42.1M
Proceeds from maturities and calls, including pay down of securities available-for-sale$160.4M$78.2M$200.6M$159.6M
Proceeds from sales of securities available-for-sale$0$0$125.9M—
Purchases of securities available-for-sale($116.0M)($106.9M)($183.8M)($162.5M)
Net (purchases) redemptions of FHLBC/FRBC stock($8.1M)$675.0K($6.9M)$354.0K
Net change in loans($12.8M)$56.8M($85.4M)($27.3M)
Purchases of BOLI policies($461.0K)—($460.0K)($460.0K)
Proceeds from sales of other real estate owned, net of participations$1.5M$1.5M$19.3M$19.3M
Proceeds from disposition of premises and equipment$76.0K$76.0K$1.6M—
Net purchases of premises and equipment($1.4M)($769.0K)($3.6M)($2.4M)
Net cash provided by (used in) investing activities$23.1M$29.6M$78.4M($13.4M)
Net change in deposits($151.3M)($31.0M)($240.4M)$30.1M
Net change in securities sold under repurchase agreements($528.0K)($639.0K)($12.4M)$10.6M
Net change in other short-term borrowings$160.0M($15.0M)$129.5M($20.0M)
Redemption of subordinated debentures($30.0M)———
Vesting of restricted stock, net of excise taxes51.0K———
Dividends paid on common stock($7.3M)($3.7M)($8.6M)($5.4M)
Purchase of treasury stock($40.2M)($24.5M)($7.4M)($1.5M)
Net cash (used in) provided by financing activities($69.3M)($74.8M)($139.2M)$13.8M
Net change in cash and cash equivalents$19.3M($8.3M)$17.2M$42.4M
Cash and cash equivalents at beginning of period$124.0M$124.0M$99.3M$99.3M
Cash and cash equivalents at end of period$143.3M$115.7M$116.5M$141.8M

OLD SECOND BANCORP INC score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.