Last $4.75 USD
Change Today -0.01 / -0.21%
Volume 8.8K
OSBC On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

old second bancorp inc (OSBC) Snapshot

Open
$4.71
Previous Close
$4.76
Day High
$4.79
Day Low
$4.70
52 Week High
09/4/13 - $5.99
52 Week Low
11/5/13 - $4.16
Market Cap
139.9M
Average Volume 10 Days
34.7K
EPS TTM
$5.30
Shares Outstanding
29.4M
EX-Date
08/31/10
P/E TM
0.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for OLD SECOND BANCORP INC (OSBC)

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old second bancorp inc (OSBC) Details

Old Second Bancorp, Inc. operates as the bank holding company for Old Second National Bank that provides banking services. It offers demand, NOW, money market, savings, time deposit, individual retirement and Keogh deposit accounts; lines of credit for working capital; lending for capital expenditures on manufacturing equipment; and lending to small business manufactures, service companies, and medical and dental entities, as well as specialty contractors. The company also provides commercial real estate loans; construction loans; residential real estate loans comprising residential first mortgages, second mortgages, and home equity line of credit mortgages; consumer loans, including motor vehicle, home improvement, and signature loans, as well as small personal credit lines; and installment loans, student loans, agricultural loans, and overdraft checking. In addition, it offers safe deposit services; trust and wealth management services; and various services, such as traveler’s checks, money orders, cashier’s checks, foreign currency, direct deposits, discount brokerage, debit cards, credit cards, and other special services, as well as acquisition of U.S. Treasury notes and bonds. Further, the company provides electronic banking services, such as online and mobile banking; and corporate cash management products, including remote and mobile deposits capture, investment sweep accounts, zero balance accounts, automated tax payments, ATM access, telephone banking, lockbox accounts, automated clearing house transactions, account reconciliation, controlled disbursement, detail and general information reporting, wire transfers, vault services for currency and coin, and checking accounts, as well as offers investment, agency, and custodial services. As of December 31, 2013, it operated through a network of 27 banking locations located in Chicago. The company was founded in 1982 and is headquartered in Aurora, Illinois.

492 Employees
Last Reported Date: 02/26/14
Founded in 1982

old second bancorp inc (OSBC) Top Compensated Officers

Chairman, Chief Executive Officer, President,...
Total Annual Compensation: $714.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $313.1K
Chief Operating Officer, Executive Vice Presi...
Total Annual Compensation: $443.2K
Compensation as of Fiscal Year 2013.

old second bancorp inc (OSBC) Key Developments

Old Second Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Net Charge Offs for the Second Quarter of 2014

Old Second Bancorp Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $2.0 million compared to a net income of $3.5 million in the second quarter of 2013. The company's net income available to common stockholders of $7.5 million or $0.26 per diluted share compared to a net income available to common stockholders of $2.2 million, or $0.15 per diluted share, in the second quarter of 2013. Second quarter 2014 net income to common stockholders reflects benefits to the Company from the redemption of Series B Preferred Stock further discussed below. Income before income taxes was $3,081,000 compared to $3,477,000 for the same period a year ago. Net income before tax was declined by $396,000 from second quarter 2013. The decrease from second quarter 2013 was driven by lower residential banking income (down 55.4%) and lower loan loss reserve release. The company's tangible common equity to tangible assets ratio was 7.09% compared to negative 0.18% for the same period a year ago. Total interest and dividend income was $16,643,000 compared to $16,932,000 for the same period a year ago. Net interest and dividend income was $13,652,000 compared to $13,388,000 for the same period a year ago. Net interest and dividend income after provision for loan losses was $14,652,000 compared to $15,188,000 for the same period a year ago. For the six months, the company reported total interest and dividend income was $33,347,000 compared to $34,422,000 for the same period a year ago. Net interest and dividend income was $27,247,000 compared to $27,290,000 for the same period a year ago. Net interest and dividend income after provision for loan losses was $29,247,000 compared to $31,590,000 for the same period a year ago. Income before income taxes was $6,481,000 compared to $8,948,000 for the same period a year ago. Net income available to common stockholders was $8,084,000 or $0.38 per basic and diluted share compared to net income available to common stockholders of $6,354,000 or $0.45 per basic and diluted share for the same period a year ago. The company also reported that net charge offs for the second quarter of 2014 were lower on a linked quarter basis but reflect increases in both charge-offs and recoveries compared to the first quarter.

Old Second Bancorp Inc. Plans to Close Two Branches

Old Second Bancorp Inc. announced plans to close two branches later year 2014.

Old Second Bancorp Inc. to Report Q2, 2014 Results on Jul 23, 2014

Old Second Bancorp Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 23, 2014

 

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