Old Second Bancorp (OSBC) 8-K Other Events

Exhibit 99.1

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Right sized banking.

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Forward-looking Statements
and Non-GAAP Disclosures

In addition to historical information, this presentation contains forward-looking statements, which are subject to certain risks and uncertainties. Forward-looking statements include information concerning possible or assumed future results of Old Second’s operations.  Forward-looking statements generally include words such as believes, expects, anticipates and other similar expressions.

Stockholders should note that many factors could affect the future financial results of Old Second, causing those results to differ materially from those expressed in this presentation. These factors include operating, legal and regulatory risks; economic, political and competitive forces impacting our business; risk that our analysis of these risks and forces could be incorrect and/or that the strategies developed to address them could be unsuccessful; volatility in interest rates; and other risks and uncertainties which are summarized in our SEC filings.

Old Second undertakes no obligation to publicly revise or update these forward-looking statements to reflect events that arise after this presentation.

Statements in this presentation may also include adjusted non-GAAP financial measures governed by Regulation G. Generally, we believe that these measures and ratios provide users of our financial information a more accurate view of the performance of the interest-earning assets and interest-bearing liabilities and of our operating efficiency for comparative purposes with other financial holding companies. The reconciliation of each non-GAAP presentation is included herein.

Who We Are

•$2.3 billion financial holding company headquartered in Aurora, Illinois

•3 independently chartered community banks

•Trust & Investment Group with over $1 billion under management

•Mortgage company

•28 locations

•64 ATM locations

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Illinois’ Largest Cities

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(Excluding Chicago)

Illinois’ Fastest Growing Cities:
Net Gain 1990-2000

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Illinois’ Fastest Growing Counties by %

7/1/01-7/1-02 (out of 102 counties)

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NE Illinois Planning Commission Population Forecasts

	2000	2030	Difference	% Change
DuPage Cty.	904,161	1,002,325	98,164	10.86	%
Kane Cty.	404,119	692,346	288,227	71.32	%
Aurora (excl. Kend.)	142,150	190,167	48,017	33.78	%
Batavia	23,866	31,402	7,536	31.58	%
Elgin	94,487	162,416	67,929	71.89	%
Geneva	19,515	25,480	5,965	30.57	%
North Aurora	10,585	20,694	10,109	95.50	%
St. Charles	27,896	36,671	8,775	31.46	%
South Elgin	16,100	27,567	11,467	71.22	%
Sugar Grove	3,909	62,742	58,833	1505.07	%

Old Second Kane County Market Leader

	1999		2000		2001		2002		2003		2004		2005
	% Mkt		% Mkt		% Mkt		% Mkt		% Mkt		% Mkt		% Mkt
O2	13.08	%	15.07	%	16.19	%	17.21	%	17.34	%	17.97	%	18.44	%
Harris	10.41	%	10.80	%	10.82	%	10.49	%	10.59	%	11.61	%	10.54	%
5/3	20.86	%	17.72	%	15.98	%	13.41	%	11.30	%	9.70	%	9.49	%
Chase	11.60	%	10.62	%	8.92	%	8.82	%	9.48	%	8.64	%	8.55	%
EFS	6.02	%	6.88	%	6.73	%	7.20	%	7.35	%	7.80	%	8.17	%
1st Am	4.50	%	5.35	%	5.52	%	5.00	%	4.81	%	4.37	%	4.14	%

Remaining 40 banks each have less than 4% share of Kane County market.

Old Second Kendall County Market Leader

	1999		2000		2001		2002		2003		2004		2005
	% Mkt		% Mkt		% Mkt		% Mkt		% Mkt		% Mkt		% Mkt
O2	21.38	%	24.40	%	25.67	%	28.53	%	30.21	%	32.39	%	33.46	%
OswgoC	15.05	%	10.11	%	15.66	%	16.38	%	15.93	%	15.49	%	14.27	%
Castle	13.10	%	12.54	%	12.42	%	12.79	%	13.38	%	13.77	%	14.36	%
Harris	5.00	%	5.98	%	5.47	%	12.15	%	11.57	%	9.89	%	8.79	%
Union	8.37	%	8.14	%	7.24	%	7.29	%	7.54	%	7.52	%	7.68	%
5/3	14.87	%	11.17	%	10.03	%	8.09	%	6.69	%	6.06	%	6.15	%

Remaining 8 banks each have less than 5% share of Kane County market.

Deposit Market Share

AURORA (KANE)

	# of		Market
	offices	Deposits	Share
		($000)
Old Second	4	732,309	47.93	%
Fifth Third	4	223,071	14.60	%
Harris Aurora	4	137,351	8.99	%
Benchmark	1	121,812	7.97	%
West Suburban	3	92,276	6.04	%
National City	2	73,533	4.81	%
Banco Popular	2	64,671	4.23	%

YORKVILLE

	# of		Market
	offices	Deposits	Share
		(000s)
OSB-Yorkville	2	232,065	61.42	%
Castle Bank	1	131,005	34.67	%
Union Bank	1	10,286	2.72	%
TCF Bank	1	2,238	0.59	%

ELBURN

OSB-Kane Cty.	1	119,815	74.14	%
American B&T	1	22,740	14.07	%
Fifth Third	1	19,048	11.79	%

Total Assets
as of December 31

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Total Loans
as of December 31

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Loan Mix
as of December 31

2005

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2004

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Net Charge-Offs
to Average Loans

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The peer group consists of the 30 Midwest banks closest in asset size to OSBC.

Net Charge-Offs To Reserves

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The peer group consists of the 30 Midwest banks closest in asset size to OSBC.

Total Deposits
as of December 31

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Deposit Mix
as of December 31

2005

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2004

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Net Interest Margin

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The peer group consists of the 30 Midwest banks closest in asset size to OSBC.

Reconciliations of non-GAAP disclosures are available in public filings linked at o2bancorp.com.

Efficiency Ratio

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The peer group consists of the 30 Midwest banks closest in asset size to OSBC.

Reconciliations of non-GAAP disclosures are available in public filings linked at o2bancorp.com.

Return on Equity

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Earnings Per Share
(Diluted Basis)

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Peer Comparison

			Market				National
	OSBC		Area		Illinois		$1-$3b
Return on equity	19.11	%	11.42	%	11.76	%	13.10	%
Return on assets	1.24	%	1.07	%	.95	%	1.12	%
Net interest margin	3.64	%	3.66	%	3.45	%	4.10	%
Efficiency ratio	57.30	%	66.62	%	62.96	%	59.09	%
NPL % of loans	0.22	%	0.41	%	0.49	%	0.45	%
Charge-offs/Avg. Loans	0.03	%	0.13	%	0.18	%	0.22	%
Price to LTM earnings	15.8	x	NA		18.7	x	16.7	x

Market Area: Six-county region in which OSBC has branches.

Illinois: Publicly-traded bank holding companies in Illinois.

National $1-$3b: Banks with assets between $1 billion and $3 billion.

Stock Comparison
Five Year Performance

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