Old Second Bancorp
22 named things its latest annual report says its results depend on, each in the company's own words. 10 of them are also named by other companies we've read.
Customers
Federal National Mortgage Association (Fannie Mae)
earns from · $56.5 million, or 67.6% of total loans soldSales to investors included $56.5 million, or 67.6% of total loans sold, to FNMA, and $16.6 million, or 19.9% of total loans sold, to FHLMC for the year ended December 31, 2025.Business (Item 1)
Federal Home Loan Mortgage Corporation (Freddie Mac)
earns from · $16.6 million, or 19.9% of total loans soldSales to investors included $56.5 million, or 67.6% of total loans sold, to FNMA, and $16.6 million, or 19.9% of total loans sold, to FHLMC for the year ended December 31, 2025.Business (Item 1)
Suppliers
Third-party core data processing vendors
depends onnamed as a riskNonetheless, we may incur a temporary disruption in our ability to conduct our business or process our transactions, or incur damage to our reputation if a third-party vendor fails to adequately maintain internal controls or institute necessary changes to systems.Risk factors (Item 1A)
Partners and platforms
Third-party powersport dealers
depends on · $696,959As a direct result of the Evergreen acquisition, we also provide financing for the purchase of recreational vehicles such as motorcycles, all-terrain vehicles (“ATVs”), utility task vehicles (“UTVs”), snowmobiles and personal watercraft, through a nationwide network of third-party dealers.Business (Item 1)
Federal Home Loan Bank of Chicago
depends onThe Bank is a member of the Federal Home Loan Bank of Chicago (the “FHLBC”), which serves as a central credit facility for its members.Business (Item 1)
Also named by RLI
Other companies
Bancorp Financial, Inc. (Evergreen Bank Group)
$1.20 billion of total loansnamed as a riskIn 2025, our total loan portfolio increased $1.27 billion year over year attributed to the $1.20 billion portfolio acquired from Bancorp Financial, which expanded our consumer lending portfolio and added the powersport portfolio.Business (Item 1)
First Merchants Bank
approximately $268.0 million in depositsnamed as a riskUnder the terms of the purchase and assumption agreement, we assumed approximately $268.0 million in deposits related to the branch locations purchased and purchased approximately $7.1 million in branch-related loans along with the purchase of other branch-related assets.Business (Item 1)
Places
Illinois
concentrated in · 59.3named as a riskIn addition, the State of Illinois continues to experience severe fiscal challenges, which could result in future state tax increases, impact the economic vitality of the businesses operating in Illinois, encourage businesses to leave the state or discourage new employers to start or move businesses to Illinois, all of which could have a material adverse effect on our financial condition and results of operations.Risk factors (Item 1A)
Also named by AEE, ALL, AWK, CASY, CINF, DRVN, FPI, NNN and 4 more
Chicago metropolitan area
concentrated in · 55 banking centersnamed as a riskUnlike larger financial institutions that are more geographically diversified, our banking franchise is headquartered in Aurora, Illinois, and is concentrated in the suburbs west and south of the Chicago metropolitan area.Risk factors (Item 1A)
Illinois, Wisconsin and Indiana
concentrated in · approximately 66.8% of our commercial real estate portfolioAs of December 31, 2025, approximately 66.8% of our commercial real estate portfolio was secured by property located in Illinois, Wisconsin or Indiana.Business (Item 1)
Reno, Nevada
operates inIn addition, as a result of our acquisition of Bancorp Financial and its wholly owned subsidiary, Evergreen, we have added nationwide retail business lines focused on powersport, collector car and manufactured home lending, as well as a loan production office in Reno, Nevada.Business (Item 1)
Commodities and inputs
Commercial real estate
concentrated in · approximately 36.5%named as a riskTotal real estate lending was $2.97 billion, or approximately 56.5%, of our loan portfolio at December 31, 2025, compared to $2.68 billion, or approximately 67.2%, at December 31, 2024.Risk factors (Item 1A)
Also named by AFL, APO, AUB, BAC, C, CFR, FSUN, GBCI and 11 more
Multifamily loans
concentrated in · $339.1 million, or 6.5%named as a riskAs of December 31, 2025, approximately $339.1 million, or 6.5%, of the loan portfolio consisted of multifamily loans.Business (Item 1)
Also named by CUBI
Powersport loans
concentrated in · approximately 13.3%named as a riskPowersport loans typically have shorter terms and lower balances with higher yields as compared to other loans but generally carry a higher risk of default.Business (Item 1)
Healthcare commercial real estate
concentrated in · 14.1Our Healthcare and Sponsor Finance teams do originate nationwide and are the only commercial real estate loan portfolios that consistently lend outside our primary market.Business (Item 1)
Regulators
Office of the Comptroller of the Currency (OCC)
subject to · $530,000named as a riskIf the OCC, our primary regulator, were to impose restrictions on the amount of commercial real estate loans we can hold in our portfolio, our earnings would be adversely affected.Risk factors (Item 1A)
Also named by ADP, AMP, AXP, BAC, BLK, C, CASH, CFG and 22 more
Federal Deposit Insurance Corporation (FDIC)
subject tonamed as a riskAny future additional assessments, increases or required prepayments in FDIC insurance premiums could reduce our profitability, may limit our ability to pursue certain business opportunities or otherwise negatively impact our operations.Risk factors (Item 1A)
Also named by AFRM, BAC, BNY, CASH, CFG, CFR, COF, FCFS and 27 more
Federal Reserve
subject tonamed as a riskThe monetary policies and regulations of the Federal Reserve have had a significant effect on the operating results of commercial banks in the past and are expected to continue to do so in the future.Risk factors (Item 1A)
Also named by AGNC, AUB, AXP, BAC, CASH, COF, DX, EFSC and 24 more
Laws and programs
Interagency CRE Guidance
subject to · approximately 220.3%named as a riskAt December 31, 2025, our outstanding commercial real estate loans and undrawn commercial real estate commitments, excluding owner occupied real estate, were equal to approximately 220.3% of our Tier 1 capital plus allowance for credit losses, a decrease from 273.3% at December 31, 2024.Risk factors (Item 1A)
Also named by FSUN
Bank Secrecy Act
subject tonamed as a riskIf our policies, procedures and systems are deemed deficient or the policies, procedures and systems of the financial institutions that we have already acquired or may acquire in the future are deficient, we would be subject to liability, including fines and regulatory actions such as restrictions on our ability to pay dividends and the necessity to obtain regulatory approvals to proceed with certain aspects of our business plan, including our acquisition plans, which would negatively impact our business, financial condition and results of operations.Risk factors (Item 1A)
Also named by AUB, BAC, CASH, CPAY, CUBI, EFSC, EWBC, EZPW and 10 more
State consumer protection laws
subject tonamed as a riskAs a result of our expanded retail and nationwide consumer lending activities, including powersport and other specialty consumer loan programs, some of which are originated through third-party dealers or acquired portfolios, we are subject to a broad and evolving array of federal and state consumer protection laws and tax requirements that vary by jurisdiction and product type.Risk factors (Item 1A)