Company profile

James L. Eccher
Incorporated in
Fiscal year end
Industry (SEC)
IRS number

OSBC stock data



7 Aug 19
23 Oct 19
31 Dec 19


Company financial data Financial data

Quarter (USD) Jun 19 Mar 19 Dec 18 Sep 18
Net income 9.28M 8.47M 8.62M 9.64M
Diluted EPS 0.31 0.28 0.28 0.32
Net change in cash 17.88M -14.9M 4.91M -14.99M
Cash on hand 58.22M 40.34M 55.24M 50.32M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Net income 34.01M 15.14M 15.68M 15.39M
Diluted EPS 1.12 0.5 0.53 0.46
Net change in cash -598K 8.5M 7M -3.86M
Cash on hand 55.24M 55.83M 47.33M 40.34M

Financial data from company earnings reports

Financial report summary

  • A return of recessionary conditions could result in increases in our level of nonperforming loans and/or reduced demand for our products and services, which could lead to lower revenue, higher loan and lease losses and lower earnings.
  • Nonperforming assets take significant time to resolve, adversely affect our results of operations and financial condition and could result in further losses in the future.
  • Our loan portfolio is concentrated heavily in commercial and residential real estate loans, including exposure to construction loans, which involve risks specific to real estate values and the real estate markets in general.
  • Real estate market volatility and future changes in disposition strategies could result in net proceeds that differ significantly from our fair value appraisals of loan collateral and OREO and could negatively impact our operating performance.
  • If we fail to effectively manage credit risk, our business and financial condition will suffer.
  • Our allowance for loan and lease losses, or ALLL, may be insufficient to absorb potential losses in our loan portfolio, which may adversely affect our business, financial condition and results of operations.
  • Our business is geographically concentrated in several counties in Illinois, which makes our business highly susceptible to downturns in these local economies.
  • We operate in a highly competitive industry and market area and may face severe competitive disadvantages.
  • Our strategic growth plans contemplate additional organic growth and potential growth through additional acquisitions, which exposes us to additional risks.
  • We are a community bank and our ability to maintain our reputation is critical to the success of our business and the failure to do so may materially adversely affect our performance.
  • We are subject to interest rate risk, and a change in interest rates could have a negative effect on our net income.
  • Our business needs and future growth may require us to raise additional capital, but that capital may not be available or may be dilutive.
  • We may not be able to maintain a strong core deposit base or access other low-cost funding sources.
  • Our estimate of fair values for our investments may not be realizable if we were to sell these securities today.
  • We may be materially and adversely affected by the highly regulated environment in which we operate.
  • Monetary policies and regulations of the Federal Reserve could adversely affect our business, financial condition and results of operations.
  • Our accounting estimates and risk management processes and controls rely on analytical and forecasting techniques and models and assumptions, which may not accurately predict future events.
  • We are subject to federal and state fair lending laws, and failure to comply with these laws could lead to material penalties.
  • New lines of business, products, product enhancements or services may subject us to additional risks.
  • We could become subject to claims and litigation pertaining to our fiduciary responsibility.
  • Our trust and wealth management business may be negatively impacted by changes in economic and market conditions and clients may seek legal remedies for investment performance.
  • We depend on our executive officers and other key employees, and our ability to attract additional key personnel, to continue the implementation of our long-term business strategy, and we could be harmed by the unexpected loss of their services.
  • Our information systems may experience an interruption or breach in security and cyber-attacks, all of which could have a material adverse effect on our business.
  • We depend on outside third parties for the processing and handling of our records and data.
  • Our use of third party vendors and our other ongoing third party business relationships are subject to increasing regulatory requirements and attention.
  • We are at risk of increased losses from fraud.
  • We are defendants in a variety of litigation and other actions.
  • Our future ability to pay dividends is subject to restrictions.
  • The trading volumes in our common stock may not provide adequate liquidity for investors.
  • The trading price of our common stock may be subject to continued significant fluctuations and volatility.
  • Certain banking laws and our governing documents may have an anti-takeover effect.
Management Discussion
  • Our income before taxes was $12.3 million in the second quarter of 2019, compared to $8.0 million in the second quarter of 2018.  The $4.3 million increase in pretax income for the second quarter of 2019, compared to the like 2018 quarter, resulted in an increase to income tax expense of $1.3 million for the second quarter of 2019, compared to the like 2018 quarter.   Our net income was $9.3
  • million, or $0.31 per diluted share, for the second quarter of 2019, compared to net income of $6.3 million, or $0.21 per diluted share, for the second quarter of 2018.
  • The increase in net income was impacted by a $2.3 million increase in interest and dividend income in the second quarter of 2019, compared to the second quarter of 2018, primarily as a result of higher loan yields in the 2019 period due to rising interest rates, as well as the impact of a full period of the increased loan volume resulting from our ABC Bank acquisition, partially offset by a $813,000 increase in interest expense.  In addition, our noninterest expense decreased $2.2 million in the second quarter of 2019, compared to the like quarter in 2018, which was partially offset by a decrease of $389,000 in noninterest income in the second quarter of 2019, compared to the second quarter of 2018. 
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