Old Second Bancorp (Old Second Bancorp) Credit Losses Provision : $16.5 Mil (As of Mar. 2024)

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What is Old Second Bancorp Credit Losses Provision?

Old Second Bancorp's credit losses provision for the three months ended in Mar. 2024 was $3.5 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $16.5 Mil.

Old Second Bancorp's quarterly credit losses provision increased from Sep. 2023 ($3.0 Mil) to Dec. 2023 ($8.0 Mil) but then declined from Dec. 2023 ($8.0 Mil) to Mar. 2024 ($3.5 Mil).

Old Second Bancorp's annual credit losses provision increased from Dec. 2021 ($4.3 Mil) to Dec. 2022 ($6.6 Mil) and increased from Dec. 2022 ($6.6 Mil) to Dec. 2023 ($16.5 Mil).

Old Second Bancorp Credit Losses Provision Historical Data

The historical data trend for Old Second Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Old Second Bancorp Credit Losses Provision Chart

Old Second Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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1.60

10.41

4.33

6.55

16.50

Old Second Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															3.50	2.00	3.00	8.00	3.50

Old Second Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $16.5 Mil.

Old Second Bancorp (Old Second Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Old Second Bancorp Inc (NAS:OSBC) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

OSB:Germany

Address

37 South River Street, Aurora, IL, USA, 60507

Website

https://www.oldsecond.com

Old Second Bancorp Inc is a bank holding company. It provides consumer and commercial banking products such as demand, money market, savings, time deposit, individual retirement as well as commercial, industrial, consumer, and real estate lending, including installment loans, student loans, agricultural loans, lines of credit and overdraft checking, safe deposit operations, trust services, wealth management services, and additional services tailored to the needs of individual customers, corporates, small-medium enterprises. The company's revenue consists of interest, commission, payments, and other income.

Executives

Barry Finn	director	2000 OGDEN AVE., AURORA IL 60504
Gary S Collins	director, officer: Vice Chairman	913 SOUTH BOULEVARD, OAK PARK IL 60302
John Jr Williams	director	OLD SECOND NATIONAL BANK, 37 S. RIVER ST., AURORA IL 60506
William B Skoglund	director
Lyons Billy J Jr.	director	37 SOUTH RIVER STREET, AURORA IL 60507
Keith Kotche	director	37 S. RIVER ST., AURORA IL 60506
Keith Acker	director	OLD SECOND BANK, 37 S. RIVER STREET, AURORA IL 60506
Donald Pilmer	officer: EVP	37 S. RIVER ST., AURORA IL 60506
Hugh H Mclean	director	408 S. PROSPECT AVE, ELMHURST IL 60126
Edward Bonifas	director
James F Tapscott	director	102 WATERSIDE PLACE, BURR RIDGE IL 60527
Dennis L Klaeser	director	235 EAST MAIN STREET, MIDLAND MI 48640
James Eccher	officer: Executive Officer	37 S. RIVER ST., AURORA IL 60506
Bradley S. Adams	officer: CFO	2301 WEST BIG BEAVER RD, SUITE 525, TROY MI 48084
Jill E York	director	C/O MB FINANCIAL INC, 6111 NORTH RIVER ROAD, ROSEMONT IL 60018