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Old Second Bancorp OSBC Bank Owned Life Insurance

Bank Owned Life Insurance at other companies

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$293.35M+14.7%
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$1.05B+0.6%
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$187.13M+8.6%
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Financial InstitutionsFISI
$179.16M-26.2%
CTB
Community Trust BancorpCTBI
$124.31M+7.1%

Other financials

Income statement

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Revenue$96.6M+28.6%
Net income$28.2M+29.1%
EPS (diluted)$0.54+12.5%

Balance sheet

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Cash & equivalents$143.3M+1.1%
Total debt$375.0M
Total equity$902.8M+25.6%
Total assets$6.9B+20.5%

Cash flow

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Operating cash flow$28.6M+17.9%
CapEx$667.0K-15.5%
Free cash flow$27.9M+19.0%

Valuation

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Market cap$1.29B+46.4%
Enterprise value$1.53B
P/E14×+3.4×
P/S3.4×+0.4×

Profitability

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Net margin24.2%-4.4pp
FCF margin37.3%+0.5pp

Returns & leverage

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Return on equity11.4%-1.1pp
Debt / equity0.4×

Where this comes from

Reported directly by Old Second Bancorp in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsurance.

The source filing: Old Second Bancorp’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 12:01 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000357173-26-000045
Line item(unaudited) / June 30, 2026December 31, 2025
Mortgage servicing rights, at fair value9,8259,459
Goodwill129,196129,196
Core deposit intangible (“CDI”)21,34923,692
Bank-owned life insurance (“BOLI”)133,493130,481
Deferred tax assets, net28,68931,276
Other assets60,56960,451
Total assets$6,870,305$6,902,675
Liabilities

Item 1. Financial Statements

FAQ

What is Old Second Bancorp's bank owned life insurance?
Old Second Bancorp (OSBC) reported bank owned life insurance of $133.49M in Q2 2026.
How has Old Second Bancorp's bank owned life insurance changed year-over-year?
Old Second Bancorp's bank owned life insurance increased by 16.7% year-over-year, from $114.4M to $133.49M.
What is the long-term trend for Old Second Bancorp's bank owned life insurance?
Over 5 years (2020 to 2025), Old Second Bancorp's bank owned life insurance has grown at a 15.6% compound annual growth rate (CAGR), from $63.1M to $130.48M.
What does bank owned life insurance mean?
This represents the cash surrender value of life insurance policies purchased by the bank on the lives of its employees. It serves as a tax-advantaged investment vehicle to offset the costs of employee benefit programs. The growth of this asset reflects the bank's long-term capital management strategy.

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