secwatch.observer — SEC 8-K summary
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Issuer:     OLD SECOND BANCORP INC (OSBC)
CIK:        0000357173
Form:       8-K
Filed at:   2025-10-22T23:59:59+00:00
Accession:  0000357173-25-000088
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Old Second Q3 loans surge to $5.27B on Evergreen acquisition; ACL rises to $75M
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- Total loans $5,265M at 9/30/2025, up 32% from $3,999M at 6/30/2025, primarily due to Evergreen Bank Group acquisition.
- Allowance for credit losses increased to $75.0M from $43.0M; included $30.7M in Day 1 credit marks (PCD $17.5M, non-PCD $13.2M).
- Net charge-offs in Q3 2025 were $5.1M, up from $0.8M in Q2 2025; TTM NCO ratio 0.33%.
- Powersport segment had $3.0M net charge-offs in Q3, commercial (incl. leases) $1.2M; overall credit quality weakening.
- Loan portfolio: 92% organic, 8% purchased; CRE investor $1,257M (1.65% ACL); criticized loans 1.43% of total.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/357173/000035717325000088/0000357173-25-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/357173/000035717325000088/tmb-20251022x8k.htm
  HTML page:      https://secwatch.observer/filing/0000357173-25-000088

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