Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Concentrations of Credit Risk

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Note 7 - Concentrations of Credit Risk
6 Months Ended
Jun. 30, 2021
Notes to Financial Statements  
Concentration Risk Disclosure [Text Block]

Note 7 - 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.