Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Concentrations of Credit Risk

v3.20.1
Note 8 - Concentrations of Credit Risk
3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]
Note
8
- Concentrations of Credit Risk
The primary lending area of the Bancorp encompasses Lake County in northwest Indiana and Cook County in northeast Illinois, where collectively a majority of loan activity is concentrated. The Bancorp is also an active lender in Porter County, and to a lesser extent, LaPorte, Newton and Jasper counties in Indiana; and DuPage, Lake, and Will counties in Illinois. Substantially all loans are secured by specific items of collateral including residences, commercial real estate, land development, business assets and consumer assets.