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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest and dividend income    
Loans, including fees $ 57,210 $ 36,366
Loans held-for-sale 12 57
Securities:    
Taxable 10,735 5,169
Tax exempt 1,337 1,317
Dividends from FHLBC and FRBC stock 280 153
Interest bearing deposits with financial institutions 585 269
Total interest and dividend income 70,159 43,331
Interest expense    
Savings, NOW, and money market deposits 1,149 397
Time deposits 664 277
Securities sold under repurchase agreements 9 11
Other short-term borrowings 2,345  
Junior subordinated debentures 279 280
Subordinated debentures 546 546
Senior notes 994 485
Notes payable and other borrowings 87 103
Total interest expense 6,073 2,099
Net interest and dividend income 64,086 41,232
Provision for credit losses 3,501  
Net interest and dividend income after provision for credit losses 60,585 41,232
Noninterest income    
Mortgage servicing rights mark to market (loss) gain (525) 2,978
Net gain on sales of mortgage loans 306 1,495
Securities losses, net (1,675)  
Change in cash surrender value of BOLI 242 124
Card related income 2,244 2,574
Other income 1,489 862
Total noninterest income 7,350 13,463
Noninterest expense    
Salaries and employee benefits 22,248 19,967
Occupancy, furniture and equipment 3,475 3,699
Computer and data processing 1,774 6,268
FDIC insurance 584 410
Net teller & bill paying 502 1,907
General bank insurance 305 315
Amortization of core deposit intangible 624 665
Advertising expense 142 182
Card related expense 1,216 534
Legal fees 319 257
Consulting & management fees 790 616
Other real estate expense, net 306 (12)
Other expense 3,637 3,444
Total noninterest expense 35,922 38,252
Income before income taxes 32,013 16,443
Provision for income taxes 8,406 4,423
Net income $ 23,607 $ 12,020
Basic earnings per share $ 0.53 $ 0.27
Diluted earnings per share 0.52 0.27
Dividends declared per share $ 0.05 $ 0.05
Wealth management    
Noninterest income    
Service charges on deposits $ 2,270 $ 2,698
Service charges on deposits    
Noninterest income    
Service charges on deposits 2,424 2,074
Secondary mortgage fees    
Noninterest income    
Service charges on deposits 59 139
Mortgage servicing income    
Noninterest income    
Service charges on deposits $ 516 $ 519