Old Second Bancorp(OSBC) - 2025 Q2 - Quarterly Report

资深财务报告分析助理任务完成报告 报告概述 本报告旨在根据提供的报告大纲内容，生成一份清晰、专业且结构化的英文财务报告大纲。报告将严格遵循以下要求： 1. 结构要求： * 将所有内容翻译成英文，并确保单位（如billion, million）的准确性。 * 使用适当的Markdown标题样式（、、）。 * 为每个章节提供一个简洁的单句总结（约100字符），捕捉核心内容，避免冗余。 * 为每个章节标题添加页面跳转链接，格式为[Chapter Title](index=page_num&type=section&id=item_id)，其中page_num为起始页码，item_id需进行URL编码。 * “insight”类型的关键点以无序列表展示，关键指标和结论加粗。 * “table”类型的关键点使用Markdown表格，表格标题作为子标题，列标题中包含单位。 * “insight”类型的关键点若有chunk引用，以[chunk_num](index=chunk_num&type=chunk)格式在句末按升序添加。表格不添加引用。 2. 语言风格要求： * 使用正式书面语言，避免解释性短语。 * 章节总结应为简洁的单句，不重复关键点内容。 * 不添加“Report Title”等冗余前缀。 * 使用专业财务术语和表达。 * 输出为英文，句末不使用句号。 报告生成过程 1. 内容翻译与单位转换：仔细审查大纲中的所有中文内容和单位，将其准确翻译成英文。特别注意“千”到“thousand”的转换，并确保“million”和“billion”的正确使用。表格中的“In thousands”将转换为列标题中的“(Thousands)”。 2. 章节总结生成：对于大纲中已提供总结的章节，直接使用。对于summary: null的章节，根据章节标题和其下的关键点，提炼出符合“简洁单句，约100字符，不重复关键点内容”要求的英文总结。 3. 标题与链接格式化：根据level字段确定Markdown标题级别。使用start_page作为page_num，并对item_id进行URL编码，构建页面跳转链接。 4. 关键点处理： * Insight类型：将content作为列表项，识别并加粗关键财务数据和结论。将chunk_num按升序排列并格式化为引用链接，附加在句末。 * Table类型：将content中的表格标题提取为``子标题。将表格内容转换为Markdown表格，并调整列标题以包含单位（如“(Thousands)”）。 5. 语言风格检查：全程确保输出符合正式、专业的财务报告语言风格，无冗余前缀，无解释性短语，且句末无句号。 报告大纲输出 Form 10-Q General Information Provides key administrative details of the quarterly report, including registrant information and filing status - The report is a Quarterly Report on Form 10-Q for the period ended June 30, 2025[1] Registrant Information | Detail | Value | | :--- | :--- | | Exact Name | Old Second Bancorp, Inc. | | Commission File Number | 000-10537 | | State of Incorporation | Delaware | | Trading Symbol | OSBC | | Exchange | The Nasdaq Stock Market | | Filer Status | Accelerated filer | | Shell Company | No | | Common Stock Outstanding (as of Aug 5, 2025) | 52,650,413 shares | Cautionary Note Regarding Forward-Looking Statements Highlights that forward-looking statements are subject to risks and uncertainties, and the company does not commit to updating them - Forward-looking statements are based on current beliefs, expectations, and assumptions, and are subject to risks and uncertainties that could cause actual results to differ materially[8] - Key potential risks include the ability to execute growth strategy, negative economic conditions (inflation, real estate values), successful integration of acquired businesses (Bancorp Financial, Inc.), changes in U.S. monetary policy and interest rates, competitive pressures, and adverse effects on information technology systems[8][10] - The Company undertakes no obligation to update any forward-looking statements in light of new information or future events, except as required by applicable law[9] PART I – FINANCIAL INFORMATION Presents the unaudited consolidated financial statements and related notes for the reporting period Item 1. Financial Statements This section presents the unaudited consolidated financial statements of Old Second Bancorp, Inc. and its subsidiaries for the period ended June 30, 2025, including the balance sheets, statements of income, comprehensive income, cash flows, and changes in stockholders' equity. It also includes detailed notes explaining the basis of presentation, significant accounting policies, recent acquisitions, securities portfolio, loans and credit losses, deposits, borrowings, equity compensation, earnings per share, regulatory capital, fair value measurements, derivatives, and segment information Consolidated Balance Sheets Summarizes the company's financial position, detailing assets, liabilities, and stockholders' equity at specific dates Consolidated Balance Sheet Highlights (Thousands) | Item | June 30, 2025 (Thousands) | December 31, 2024 (Thousands) | Change (2025 vs 2024) (Thousands) | | :--- | :--- | :--- | :--- | | Assets: | | | | | Total assets | $5,701,294 | $5,649,377 | +$51,917 | | Cash and cash equivalents | $141,767 | $99,329 | +$42,438 | | Securities available-for-sale | $1,177,688 | $1,161,701 | +$15,987 | | Net loans | $3,955,677 | $3,937,717 | +$17,960 | | Liabilities: | | | | | Total deposits | $4,798,439 | $4,768,731 | +$29,708 | | Total liabilities | $4,982,645 | $4,978,343 | +$4,302 | | Stockholders' Equity: | | | | | Total stockholders' equity | $718,649 | $671,034 | +$47,615 | Consolidated Statements of Income Details the company's financial performance, including revenues, expenses, and net income over specific periods Consolidated Statements of Income Highlights (Thousands, except per share data) | Item | Three Months Ended June 30, 2025 (Thousands) | Three Months Ended June 30, 2024 (Thousands) | Six Months Ended June 30, 2025 (Thousands) | Six Months Ended June 30, 2024 (Thousands) | | :--- | :--- | :--- | :--- | :--- | | Total interest and dividend income | $75,238 | $73,223 | $148,803 | $146,553 | | Total interest expense | $11,004 | $13,533 | $21,665 | $27,080 | | Net interest and dividend income | $64,234 | $59,690 | $127,138 | $119,473 | | Provision for credit losses | $2,500 | $3,750 | $4,900 | $7,250 | | Total noninterest income | $10,898 | $11,127 | $21,099 | $21,628 | | Total noninterest expense | $43,419 | $37,877 | $87,924 | $76,118 | | Net income | $21,822 | $21,891 | $41,652 | $43,203 | | Basic earnings per share | $0.49 | $0.48 | $0.93 | $0.96 | | Diluted earnings per share | $0.48 | $0.48 | $0.91 | $0.95 | | Dividends declared per share | $0.06 | $0.05 | $0.12 | $0.10 | Consolidated Statements of Comprehensive Income Presents net income and other comprehensive income components, reflecting total changes in equity from non-owner sources Consolidated Statements of Comprehensive Income Highlights (Thousands) | Item | Three Months Ended June 30, 2025 (Thousands) | Three Months Ended June 30, 2024 (Thousands) | Six Months Ended June 30, 2025 (Thousands) | Six Months Ended June 30, 2024 (Thousands) | | :--- | :--- | :--- | :--- | :--- | | Net Income | $21,822 | $21,891 | $41,652 | $43,203 | | Other comprehensive income (net of tax) | $3,953 | $2,592 | $10,322 | $2,012 | | Total comprehensive income | $25,775 | $24,483 | $51,974 | $45,215 | - Accumulated other comprehensive loss, net, improved from $(47,748) thousand at January 1, 2025, to $(37,426) thousand at June 30, 202