Parent Company Condensed Financial Information (Tables)

12 Months Ended

Dec. 31, 2025


	2025		2024
Assets
Noninterest bearing deposit with bank subsidiary	$	65,253	$	78,007
Investment in subsidiaries		905,722		671,894
Securities available-for-sale, at fair value		747		-
Other assets		11,526		7,457
Total assets	$	983,248	$	757,358

Liabilities and Stockholders’ Equity
Junior subordinated debentures	$	25,774	$	25,773
Subordinated debt		59,552		59,467
Other liabilities		1,154		1,084
Stockholders’ equity		896,768		671,034
Total liabilities and stockholders' equity	$	983,248	$	757,358


	2025		2024		2023
Operating Income
Cash dividends received from subsidiaries	$	70,000	$	55,000	$	65,000
Other income		51		59		67
Total operating income		70,051		55,059		65,067
Operating Expenses
Junior subordinated debentures		1,152		1,127		1,095
Subordinated debt		2,185		2,185		2,185
Senior notes		-		-		2,408
Notes payable		-		-		87
Other interest expense		71		-		-
Other expenses		10,773		6,209		5,947
Total operating expense		14,181		9,521		11,722
Income before income taxes and equity in undistributed net income of subsidiaries		55,870		45,538		53,345
Income tax benefit		(3,817)		(2,644)		(3,309)
Income before equity in undistributed net income of subsidiaries		59,687		48,182		56,654
Equity in undistributed net income of subsidiaries		20,623		37,082		35,075
Net income available to common stockholders	$	80,310	$	85,264	$	91,729


	2025		2024		2023
Cash Flows from Operating Activities
Net Income	$	80,310	$	85,264	$	91,729
Adjustments to reconcile net income to net cash from operating activities:
Equity in undistributed net income of subsidiaries		(20,623)		(37,082)		(35,075)
Provision for deferred tax benefit		(189)		(152)		(513)
Change in taxes payable		145		(250)		794
Change in other assets		(10,092)		12		(43)
Stock-based compensation		5,550		3,914		3,603
Other, net		(240)		76		575
Net cash provided by operating activities		54,861		51,782		61,070

Cash Flows from Investing Activities
Cash paid for acquisition, net of cash and cash equivalents retained		(47,963)		-		-
Net cash used in investing activities		(47,963)		-		-

Cash Flows from Financing Activities
Dividend paid on common stock		(12,240)		(9,413)		(8,946)
Purchases of treasury stock		(7,412)		(1,048)		(605)
Repayment of term note		-		-		(9,000)
Repayment of senior note		-		-		(45,000)
Net cash used in financing activities		(19,652)		(10,461)		(63,551)
Net change in cash and cash equivalents		(12,754)		41,321		(2,481)
Cash and cash equivalents at beginning of year		78,007		36,686		39,167
Cash and cash equivalents at end of year	$	65,253	$	78,007	$	36,686

OLD SECOND BANCORP INC 10-K