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Mar 31, 2020
Old Second Q1 2020 Earnings Report
Old Second's net income decreased due to provision for credit losses and mark to market losses on mortgage servicing rights.
Key Takeaways
Old Second Bancorp reported a net income of $275,000, or $0.01 per diluted share, for the first quarter of 2020. This was negatively impacted by additional provisions for credit losses and mark to market losses on mortgage servicing rights due to the COVID-19 pandemic.
Net income was $275,000, or $0.01 per diluted share.
Net interest and dividend income was $22.7 million.
Provision for credit losses was $8.0 million.
Noninterest income was $6.3 million.
Old Second
Old Second
Old Second Revenue by Segment
Revenue by Segment
Service charges on deposits Revenue
CapyFin.comSecondary mortgage fees Revenue
CapyFin.comMortgage servicing income Revenue
CapyFin.comNet gain on sales of mortgage loans Revenue
CapyFin.comCard related income Revenue
CapyFin.comOther income Revenue
CapyFin.com Forward Guidance
Old Second has taken a number of steps to protect our employees, customers and communities.