Mission Statement, Vision, & Core Values of Old Second Bancorp, Inc. (OSBC)

Have you ever wondered what drives a financial institution like Old Second Bancorp, Inc. (OSBC) beyond the numbers? With a history stretching back over 150 years, and total assets of $5.65 billion as of December 31, 2024, OSBC's foundation lies in its mission, vision, and core values. But what exactly are these guiding principles, and how do they translate into the company's actions and financial performance, such as the $19.1 million net income reported for the fourth quarter of 2024?

Understanding these elements provides insight into how OSBC operates, serves its customers, and contributes to the community. Ready to explore the values that steer this regional bank?

Old Second Bancorp, Inc. (OSBC) An Overview of

Old Second Bancorp, Inc., headquartered in Aurora, Illinois, has a rich history rooted in community banking. Founded in 1871, the company operates as the holding company for Old Second National Bank, providing a range of financial services to individuals, businesses, and institutions. These services include deposit accounts, loans, wealth management, and online banking solutions. As of April 2025, Old Second Bancorp continues to focus on serving the needs of its local communities through a network of branches and digital platforms.

In 2024, Old Second Bancorp achieved significant financial milestones. The bank reported record revenue, driven by strong performance in its core lending and deposit-gathering activities. Key highlights from the financial reports include:

• Net income available to common shareholders reached $89.9 million, or $1.87 per diluted share.
• Total loans grew to $5.1 billion.
• Total deposits reached $5.6 billion.
• The bank's efficiency ratio improved to 54.4%.

Old Second Bancorp's commitment to strategic growth and operational efficiency has solidified its position as a leading community bank. The bank's expansion into new markets and its focus on digital innovation have contributed to its sustained success. For more in-depth insights into the investors and rationale behind their investment decisions, check out: Exploring Old Second Bancorp, Inc. (OSBC) Investor Profile: Who’s Buying and Why?

Old Second Bancorp, Inc. (OSBC) Mission Statement

Old Second Bancorp, Inc. operates as a full-service community banking organization. Old Second National Bank, a community-based bank, provides financial services to consumers and commercial business customers. Old Second is dedicated to fueling the growth of individuals, families, and businesses in its community and works hard to earn and keep the trust of its customers.

While a specific, formally published mission statement for Old Second Bancorp, Inc. isn't readily available in the provided search results, information highlights their dedication to the communities they serve. The 'Old Second spirit' emphasizes fueling the growth of individuals, families, and businesses in their community. For over 150 years, they have grown their business by helping their customers grow first, building their reputation by building up the individuals and businesses in their communities.

Here's what we can infer about Old Second Bancorp's mission based on their actions and stated values:

• Community Focus: A strong commitment to supporting local individuals, families, and businesses.
• Customer Trust: Prioritizing the trust and relationships with their customers.
• Local Investment: Investing time and effort in the well-being of the communities they serve.
• Financial Responsibility: Maintaining an unwavering sense of financial responsibility.

Old Second operates through 53 banking centers located in Cook, DeKalb, DuPage, Kane, Kendall, LaSalle and Will counties in Illinois. As Old Second expands throughout Chicagoland and the surrounding communities, their commitment to a better banking experience remains steadily on course.

Old Second Bancorp, Inc. reported a net income of $19.1 million, or $0.42 per diluted share, for the fourth quarter of 2024. This compares to a net income of $18.2 million, or $0.40 per diluted share, for the fourth quarter of 2023.

The pro forma company will have approximately $7.1 billion in assets, $6.0 billion in deposits and $5.2 billion in loans and will create the second largest community bank under $10 billion in assets in the Chicago market.

Old Second National Bank has been a part of the Chicago landscape for generations, and their history follows the same arc of progress as the community they serve.

Learn more about Old Second Bancorp, Inc. investors: Exploring Old Second Bancorp, Inc. (OSBC) Investor Profile: Who’s Buying and Why?

Old Second Bancorp, Inc. (OSBC) Vision Statement of

A vision statement acts as a roadmap, outlining a company's aspirations and guiding its strategic decisions. For Old Second Bancorp, Inc. (OSBC), understanding its vision, mission, and core values provides insight into its long-term goals and operational philosophy. As of April 2025, while a specific, formally published vision statement for OSBC isn't readily available in the provided search results, we can infer OSBC's strategic direction from its mission statement, core values, and recent activities, especially its financial performance and community involvement. Further analysis can be found at: Breaking Down Old Second Bancorp, Inc. (OSBC) Financial Health: Key Insights for Investors

Old Second Bancorp's mission statement reflects its commitment to being a community-focused financial institution. While a direct quote of the mission statement isn't provided in the search results, OSBC's actions and values suggest a mission centered on providing financial solutions, fostering local economic growth, and building lasting relationships with customers and communities. This involves:

• Offering a range of banking products and services tailored to meet the needs of individuals, families, and businesses.
• Supporting local initiatives and organizations through sponsorships, donations, and employee volunteerism.
• Maintaining a strong financial position to ensure stability and long-term value for shareholders.

In essence, OSBC strives to be a trusted financial partner, contributing to the prosperity and well-being of the communities it serves.

Core values are the fundamental beliefs that guide a company's behavior and decision-making. Based on available information, Old Second Bancorp's core values likely include:

• Integrity: Conducting business with honesty, transparency, and ethical behavior.
• Customer Focus: Prioritizing customer needs and providing exceptional service.
• Community Commitment: Investing in and supporting the communities where it operates.
• Teamwork: Fostering a collaborative and supportive work environment.
• Financial Strength: Maintaining a strong financial foundation to ensure stability and growth.

These values shape the company's culture and influence how it interacts with customers, employees, and the broader community.

Considering the available information, Old Second Bancorp's strategic direction appears to be focused on sustainable growth, operational efficiency, and community engagement. Key elements of this strategy include:

• Organic Growth: Expanding its customer base and market share through new products, services, and branch locations.
• Strategic Acquisitions: Identifying and pursuing acquisition opportunities that complement its existing business and expand its geographic footprint. For example, Old Second Bancorp completed its acquisition of West Suburban Bancorp, Inc. on April 1, 2022.
• Technology Investments: Enhancing its digital banking capabilities to improve customer experience and streamline operations.
• Risk Management: Maintaining a strong risk management framework to protect its assets and ensure compliance with regulatory requirements.
• Community Development: Supporting affordable housing, small business development, and other community initiatives through lending, investments, and grants.

By executing this strategy, OSBC aims to deliver long-term value for its shareholders, customers, and communities.

Old Second Bancorp, Inc. (OSBC) Core Values

While specific, formally published core values for Old Second Bancorp, Inc. (OSBC) as of April 2025 are not readily available in my search results, we can analyze their mission statement and general operational conduct to infer the values that drive the organization. Understanding a company's mission and how it operates provides insight into its core principles. For more background information, you might find this resource helpful: Old Second Bancorp, Inc. (OSBC): History, Ownership, Mission, How It Works & Makes Money.

Based on available information, likely core values include:

• Community Focus: A strong dedication to serving and supporting the local communities where it operates.
• Customer Relationships: Prioritizing building and maintaining strong, lasting relationships with customers.
• Integrity: Conducting business with honesty, transparency, and ethical practices.
• Financial Strength: Maintaining a stable and secure financial position to ensure long-term sustainability.
• Employee Development: Investing in the growth and well-being of its employees.

Let's explore each of these inferred values in more detail:

Community Focus

A community-focused approach is evident in Old Second Bancorp's commitment to the areas it serves. This likely translates into:

• Supporting local initiatives and organizations through sponsorships and donations.
• Providing financial literacy programs to empower individuals and families.
• Offering products and services tailored to the specific needs of the community.

Customer Relationships

Building strong customer relationships is crucial for any successful bank. For Old Second Bancorp, this likely means:

• Providing personalized service and attention to each customer.
• Offering a range of products and services to meet diverse financial needs.
• Building trust and loyalty through transparent and ethical practices.

Integrity

Integrity is the foundation of a trustworthy financial institution. This likely manifests as:

• Adhering to the highest ethical standards in all business dealings.
• Maintaining transparency in fees, terms, and conditions.
• Protecting customer data and privacy.

Financial Strength

A financially strong bank can weather economic storms and continue to serve its customers. This likely involves:

• Maintaining healthy capital ratios to absorb potential losses.
• Managing risk effectively to protect assets.
• Investing in technology and infrastructure to improve efficiency and security.

Employee Development

Investing in employees is essential for attracting and retaining talent. This likely includes:

• Providing training and development opportunities to enhance skills and knowledge.
• Offering competitive compensation and benefits packages.
• Creating a positive and supportive work environment.