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Old Second Bancorp Inc. (OSBC)

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Last Post: 1/2/2015 11:21:27 AM - Followers: 6 - Board type: Free - Posts Today: 0

Website: http://www.oldsecond.com

OLD Second Bancorp Inc.

37 South River Street
Aurora, IL 60507
United States -
Phone: 630-892-0202
Fax: 630-892-2412

Shares outstanding: 13,911,692
Float: 13,029,006

Last 10Q: http://biz.yahoo.com/e/100806/osbc10-q.html

OSBC key statistics: http://finance.yahoo.com/q/ks?s=OSBC+Key+Statistics

Old Second Bancorp, Inc., through its subsidiaries, provides community banking and trust services. The company provides various consumer and commercial products and services, including demand, NOW, money market, savings, time deposit, individual retirement, and Keogh deposit accounts; installment loans, student loans, agricultural loans, lines of credit, and overdraft checking; and safe deposit services. It also offers trust services; wealth management services; and additional services, such as the acquisition of U.S. Treasury notes and bonds, the sale of traveler’s checks, money orders, cashier’s checks and foreign currency, direct deposit, discount brokerage, debit cards, credit cards, and other special services. In addition, the company provides electronic banking services, such as Internet banking; and corporate cash management consisting of remote deposit capture. The company offers its commercial and consumer loans to corporations, partnerships, and individuals. Its commercial lending activities focus on business, capital, construction, inventory, and real estate lending. Further, the company provides installment lending services comprising direct and indirect loans to consumers and commercial customers; residential mortgages, such as conventional, government, and jumbo loans; and handles the secondary marketing of these mortgages, as well as offers a range of trust, investment, agency, and custodial services for individual, corporate, and not-for-profit clients. As of December 31, 2009, it operated 30 banking locations and 1 commercial loan production office in Kane, Kendall, DeKalb, DuPage, LaSalle, Will, and southwestern Cook counties in Illinois. Old Second Bancorp, Inc. was founded in 1982 and is based in Aurora, Illinois.Old Second Bancorp, Inc., through its subsidiaries, provides community banking and trust services. The company provides various consumer and commercial products and services, including demand, NOW, money market, savings, time deposit, individual retirement, and Keogh deposit accounts; installment loans, student loans, agricultural loans, lines of credit, and overdraft checking; and safe deposit services. It also offers trust services; wealth management services; and additional services, such as the acquisition of U.S. Treasury notes and bonds, the sale of traveler’s checks, money orders, cashier’s checks and foreign currency, direct deposit, discount brokerage, debit cards, credit cards, and other special services. In addition, the company provides electronic banking services, such as Internet banking; and corporate cash management consisting of remote deposit capture. The company offers its commercial and consumer loans to corporations, partnerships, and individuals. Its commercial lending activities focus on business, capital, construction, inventory, and real estate lending. Further, the company provides installment lending services comprising direct and indirect loans to consumers and commercial customers; residential mortgages, such as conventional, government, and jumbo loans; and handles the secondary marketing of these mortgages, as well as offers a range of trust, investment, agency, and custodial services for individual, corporate, and not-for-profit clients. As of December 31, 2009, it operated 30 banking locations and 1 commercial loan production office in Kane, Kendall, DeKalb, DuPage, LaSalle, Will, and southwestern Cook counties in Illinois. Old Second Bancorp, Inc. was founded in 1982 and is based in Aurora, Illinois.

In addition to other equity securities, which are recorded at estimated fair value, the Bank owns the stock of the Federal Reserve Bank of Chicago (“FRB”) and the Federal Home Loan Bank of Chicago (“FHLBC”).  Both of these entities require the Bank to invest in their non-marketable stock as a condition of membership.  The value of the stock in each of those entities was recorded at cost in the amounts of $4.4 million and $9.3 million, respectively, at June 30, 2010, and at December 31, 2009.  The FHLBC is a governmental sponsored entity that has been under a regulatory order for a prolonged period that generally requires approval prior to redeeming or paying dividends on their common stock.  The Bank continues to utilize the various products and services of the FHLBC and management considers this stock to be a long-term investment.  FHLBC members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts.  FHLBC stock is carried at cost, classified as a restricted security, and periodically evaluated for impairment based on ultimate recovery of par value.

OSBC is also invested in FRB and FHLB

 

 

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OSBC News: Current Report Filing (8-k) 10/18/2017 04:06:58 PM
OSBC News: Statement of Changes in Beneficial Ownership (4) 10/02/2017 04:36:09 PM
OSBC News: Statement of Changes in Beneficial Ownership (4) 10/02/2017 04:35:44 PM
OSBC News: Statement of Changes in Beneficial Ownership (4) 10/02/2017 04:35:18 PM
OSBC News: Current Report Filing (8-k) 10/02/2017 10:38:20 AM
PostSubject
#66   8K: On December 30, 2014, Old Second Bancorp, UserAlias1 01/02/15 11:21:26 AM
#65   8K: The Company will release financial results for UserAlias1 01/02/15 11:19:38 AM
#64   OSBC made some money! Heck of a deal. Johnny4profits 04/24/14 03:32:27 PM
#63   Yeah, I am just shy of under 17K. sespears 01/03/14 06:19:27 PM
#62   You still holding. ? I even forgot I dominik2 12/22/13 04:58:06 PM
#61   LOOKS LIKE STRONG OSBC BUY TERRITORY TO ME! Johnny4profits 11/22/13 01:47:14 PM
#60   I think that OSBC is reflecting Johnny4profits 11/06/13 03:24:49 PM
#59   News on big money folks dumping the market Johnny4profits 07/30/13 10:48:45 AM
#58   WTF, I thought the 2Q fins looked good. sespears 07/30/13 12:58:00 AM
#57   Nice strength today, given the broad market trending. Johnny4profits 06/20/13 03:22:49 PM
#56   I said that to you at least 3-4 sespears 05/31/13 11:42:59 PM
#55   LOL You have a good one here with OSBC. Johnny4profits 05/31/13 06:25:37 PM
#54   That is to entice buyers to prove me wrong. sespears 05/31/13 04:00:11 PM
#53   NOT SO SURE ABOUT THAT! LOL Johnny4profits 05/30/13 02:56:41 PM
#52   You could never make 100% now? sespears 05/27/13 09:43:23 PM
#51   Oh my, the lights are on at OSBC! Johnny4profits 05/22/13 01:20:56 PM
#50   do you want to make an easy 50% sespears 05/11/13 12:21:56 AM
#49   Crack me up! LOL Johnny4profits 05/10/13 05:50:32 PM
#48   Yeah, LOL. sespears 05/10/13 03:46:39 PM
#47   Because I unfortunately had all my cash tied Johnny4profits 05/10/13 03:44:37 PM
#46   J4, why didn't you take an easy 100% sespears 05/10/13 03:37:52 PM
#45   Nice base building and looking as though it Johnny4profits 04/04/13 02:37:11 PM
#44   This smoking now!!! sespears 02/27/13 09:16:57 PM
#43   Just wait until Q1 fins. I would sespears 02/27/13 02:05:51 PM
#42   Looking good today! Johnny4profits 02/27/13 01:56:03 PM
#41   You are always going to see some profit sespears 02/25/13 12:36:15 PM
#40   Very nice and strong reversal today! Johnny4profits 02/23/13 12:26:46 AM
#39   You sure nailed this right! Johnny4profits 02/19/13 03:34:17 AM
#38   Wow last time I checked the price on dominik2 02/14/13 02:14:11 AM
#37   Dominik, I hope you loaded as you had sespears 02/13/13 10:19:26 AM
#36   NO! WHAT? LOL Johnny4profits 01/30/13 04:41:35 PM
#35   Is anyone watching what this is doing? sespears 01/30/13 12:15:44 PM
#34   I would be adding now before Q2. sespears 06/28/12 04:23:04 PM
#33   Honestly I think the stock will retrace to dominik2 03/24/12 07:14:20 PM
#32   I wonder how good the new report is Sinister Minister 03/24/12 05:27:03 PM
#31   Smart man dominik2 03/23/12 05:53:09 PM
#30   Just bought a 1000 shares this morning :) Sinister Minister 03/23/12 01:12:06 PM
#29   Still noone likes this gem dominik2 03/23/12 12:58:21 AM
#28   That's what she said dominik2 08/12/11 05:12:57 PM
#27   I love a good short squeeze :-) stock-junkie 07/28/11 11:00:38 PM
#26   press release $tockfather 07/28/11 09:33:00 PM
#25   Were you able to catch the first 10-15 $tockfather 07/28/11 09:31:18 PM
#24   lol I'm not worried Sj, liked the ER $tockfather 07/28/11 09:20:11 PM
#23   I'm sure you'll make your nickle back tomorrow, stock-junkie 07/28/11 08:24:45 PM
#22   nice day here, like what i see, in $tockfather 07/28/11 01:41:26 PM
#21   Is this one goin to recover? dominik2 06/30/11 09:05:00 PM
#20   thank you kiddiestock for this info: sespears 10/27/10 12:14:55 PM
#19   Great, will keep my eye out. The sespears 10/20/10 05:52:29 PM
#18   yes I started it a few weeks ago Frankiy 10/20/10 05:04:15 PM
#17   I didn't even know there was an OSBC sespears 10/20/10 04:56:33 PM
PostSubject