OverviewSuggest Edit

Old Second Bancorp operates as a bank holding company for Old Second National Bank that provides a range of banking services. The Company accepts deposits and offers lending of various types. In addition, it provides safe deposit services, trust services, wealth management services, foreign currency, direct deposits, debit and credit cards, and other services, as well as acquires the U.S. treasury notes and bonds. Further, the Company offers online and mobile banking, corporate cash management products, automated tax payments, automatic teller machines access, telephone banking, lockbox accounts, wire transfers, and vault services for currency and coin. It also provides investment, agency, and custodial services for individual, corporate, and not-for-profit clients.

TypePublic
Founded1871
HQAurora, IL, US
Websiteoldsecond.com
Employee Ratings2.7

Latest Updates

Employees (est.) (Dec 2019)535(+4%)
Job Openings18
Revenue (FY, 2019)$35.8 M(+15%)
Share Price (Jan 2021)$10.3 (-1%)
Cybersecurity ratingBMore

Key People/Management at Old Second

Kathy Diedrick

Kathy Diedrick

1st Vice President
Richard A. Gartelmann

Richard A. Gartelmann

Executive Vice President, Head of Wealth Management
Mike Cava

Mike Cava

Vice President, Senior Portfolio Manager
Andrew Crouch

Andrew Crouch

Senior Vice President, Head of Trust and Fiduciary Services, Trust Counsel
Sylvia Balogh

Sylvia Balogh

Senior Vice President
Jacqueline A. Runnberg

Jacqueline A. Runnberg

Senior Vice President, Wealth Advisor
Show more

Old Second Office Locations

Old Second has an office in Aurora
Aurora, IL, US (HQ)
37 S River St
Show all (1)

Old Second Financials and Metrics

Old Second Revenue

Old Second's revenue was reported to be $35.80 m in FY, 2019
USD

Revenue (Q3, 2020)

11.7m

Net income (Q3, 2020)

10.3m

Market capitalization (26-Jan-2021)

303.2m

Closing stock price (26-Jan-2021)

10.3

Cash (30-Sept-2020)

313.1m

EV

34.4m
Old Second's current market capitalization is $303.2 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

36.0m42.9m31.2m29.2m29.3m28.6m30.4m31.4m35.8m

Revenue growth, %

(1%)0%50%

Sales and marketing expense

1.1m1.3m1.2m1.3m1.3m1.6m1.5m1.6m1.2m

R&D expense

6.7m5.6m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

9.4m8.5m10.5m10.3m10.6m10.5m8.4m6.3m7.5m8.3m8.0m25.4m5.6m6.3m7.3m6.6m7.0m7.3m7.8m8.5m35.8m7.8m6.5m8.1m11.9m6.3m10.7m11.7m

Cost of goods sold

2.2m4.0m

Gross profit

23.2m31.8m

Gross profit Margin, %

91%89%
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

2.7m44.2m33.2m30.1m27.0m47.3m55.8m55.2m50.6m

Accounts Receivable

1.3b1.1b1.1b1.1b1.1b1.6b1.9b1.9b

Inventories

1.5b

PP&E

50.5m47.0m46.0m42.3m39.6m39.0m37.6m42.4m44.4m
USDQ2, 2011

Financial Leverage

24.5 x
Show all financial metrics

Old Second Operating Metrics

Old Second's Total Loans was reported to be $1.5b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Bank Branches

25 24 26

Non-performing Loans

$27.08 m$23.36 m$19.28 m$18.53 m$14.62 m$14.04 m$18.42 m$17.38 m$16 m$12.52 m$15.62 m

Total Loans

$1.16 b$1.15 b$1.16 b$1.13 b$1.13 b$1.14 b$1.16 b$1.20 b$1.48 b$1.49 b$1.54 b
Show all operating metrics

Old Second Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Old Second Online and Social Media Presence

Embed Graph

Old Second News and Updates

Weinzelbaum Joins Old Second

CHICAGO, July 25, 2019 /PRNewswire/ -- Louis L. Weinzelbaum of Clarendon Hills has been named Group Market President, Senior Managing Director, with Old Second National Bank and will be located in Old Second's Chicago-Loop office. Louis will be responsible for developing and growing...

Clark Joins Old Second

CHICAGO, July 25, 2019 /PRNewswire/ -- Donald J. Clark of Chicago has been named Senior Vice President, Commercial Banking, with Old Second National Bank, operating from the Chicago—Loop location. He will be responsible for developing and growing commercial banking, specializing in the...

Old Second National Bank Named Among Best Banks In Illinois

AURORA, Ill., July 9, 2019 /PRNewswire/ -- Old Second National Bank was recently named among "Best Banks in Illinois 2019" in a survey conducted by Forbes and research firm Statista. A June 2019 Forbes article describes a "massive divergence" in how well banks are providing services and...

Old Second Receives "Outstanding" CRA Rating

AURORA, Ill., Aug. 23, 2018 /PRNewswire/ -- Old Second National Bank (NASDAQ: OSBC) received the rating of "Outstanding" in its recent Community Reinvestment Act (CRA) Performance Evaluation. The evaluation is conducted by the Office of the Comptroller of the Currency. It analyzes an...

Old Second Frequently Asked Questions

  • When was Old Second founded?

    Old Second was founded in 1871.

  • Who are Old Second key executives?

    Old Second's key executives are Kathy Diedrick, Richard A. Gartelmann and Mike Cava.

  • How many employees does Old Second have?

    Old Second has 535 employees.

  • What is Old Second revenue?

    Latest Old Second annual revenue is $35.8 m.

  • What is Old Second revenue per employee?

    Latest Old Second revenue per employee is $66.9 k.

  • Who are Old Second competitors?

    Competitors of Old Second include Remitly, Home Bancorp and Lakeland Financial.

  • Where is Old Second headquarters?

    Old Second headquarters is located at 37 S River St, Aurora.

  • Where are Old Second offices?

    Old Second has an office in Aurora.

  • How many offices does Old Second have?

    Old Second has 1 office.