First Midwest Bancorp (ONBPP) 8-K Results of Operations and Financial Condition

Exhibit 99.2

First Midwest Bancorp, Inc.

Selected Financial Information

(Amounts in thousands, except per share data)

	2013												2012															2011
	March 31			June 30			September 30			Sept. 30/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD
Period-End Balance Sheet
Assets:
Cash and cash equivalents	$	553,316		$	784,105		$	899,238		$	899,238		$	486,373		$	478,162		$	518,374		$	716,266		$	716,266		$	526,460		$	711,469		$	1,062,333		$	641,530		$	641,530
Securities available-for-sale, at fair value	1,246,679			1,223,486			1,162,911			1,162,911			1,183,975			1,174,931			1,191,582			1,082,403			1,082,403			1,057,758			1,009,873			970,430			1,013,006			1,013,006
Securities held-to-maturity, at amortized cost	31,443			30,373			29,847			29,847			56,319			60,933			41,944			34,295			34,295			81,218			76,142			74,375			60,458			60,458
FHLB and FRB stock	47,232			35,161			35,161			35,161			46,750			46,750			47,232			47,232			47,232			61,338			58,187			58,187			58,187			58,187
Loans held-for-sale	—			1,589			1,191			1,191			1,500			—			90,011			—			—			3,800			1,595			4,620			4,200			4,200
Loans:
Commercial and industrial	1,659,872			1,743,139			1,792,561			1,792,561			1,496,966			1,597,427			1,610,169			1,631,474			1,631,474			1,493,465			1,518,772			1,476,034			1,458,446			1,458,446
Agricultural	274,991			288,632			318,659			318,659			237,686			272,742			259,787			268,618			268,618			234,898			237,518			250,436			243,776			243,776
Commercial real estate:
Office, retail, and industrial	1,344,256			1,319,849			1,336,864			1,336,864			1,366,899			1,391,129			1,330,331			1,333,191			1,333,191			1,205,880			1,229,100			1,263,315			1,299,082			1,299,082
Multi-family	298,117			306,182			332,749			332,749			301,356			308,250			309,509			285,481			285,481			344,645			336,138			317,313			288,336			288,336
Residential construction	54,032			50,384			46,424			46,424			99,768			88,908			61,920			61,462			61,462			151,887			129,327			116,283			105,836			105,836
Commercial construction	122,210			117,116			128,748			128,748			142,307			147,626			136,509			124,954			124,954			153,392			146,679			145,889			144,909			144,909
Other commercial real estate	743,076			759,367			790,114			790,114			829,005			817,071			780,712			773,121			773,121			850,334			852,966			877,241			888,146			888,146
1-4 family mortgages	263,286			291,770			286,333			286,333			217,729			237,341			292,908			282,948			282,948			178,538			185,002			189,587			201,099			201,099
Consumer	415,431			411,126			416,477			416,477			445,612			437,532			436,500			428,427			428,427			482,504			477,409			468,396			458,483			458,483
Total loans, excluding covered loans	5,175,271			5,287,565			5,448,929			5,448,929			5,137,328			5,298,026			5,218,345			5,189,676			5,189,676			5,095,543			5,112,911			5,104,494			5,088,113			5,088,113
Covered loans	186,687			171,861			153,305			153,305			251,376			230,047			216,610			197,894			197,894			349,446			314,942			289,747			260,502			260,502
Allowance for loan and covered loan losses	(97,591		)	(94,110		)	(90,828		)	(90,828		)	(116,264		)	(116,182		)	(102,445		)	(99,446		)	(99,446		)	(142,503		)	(137,331		)	(128,791		)	(119,462		)	(119,462		)
Net loans	5,264,367			5,365,316			5,511,406			5,511,406			5,272,440			5,411,891			5,332,510			5,288,124			5,288,124			5,302,486			5,290,522			5,265,450			5,229,153			5,229,153
OREO, excluding covered OREO	39,994			39,497			35,616			35,616			35,276			28,309			36,487			39,953			39,953			33,863			24,407			23,863			33,975			33,975
Covered OREO	14,774			13,681			10,477			10,477			16,990			9,136			8,729			13,123			13,123			21,543			14,583			21,594			23,455			23,455
FDIC indemnification asset	28,958			23,158			18,078			18,078			58,488			58,302			47,191			37,051			37,051			85,386			95,752			63,508			65,609			65,609
Investment in bank-owned life insurance	206,706			207,081			193,979			193,979			206,304			206,572			206,043			206,405			206,405			197,889			198,149			205,886			206,235			206,235
Goodwill and other intangible assets	280,240			279,421			277,187			277,187			282,815			281,981			281,914			281,059			281,059			285,077			284,120			283,163			283,650			283,650
Other assets	342,110			340,457			342,822			342,822			340,772			342,388			365,159			353,928			353,928			379,791			364,592			346,765			354,136			354,136
Total assets	$	8,055,819		$	8,343,325		$	8,517,913		$	8,517,913		$	7,988,002		$	8,099,355		$	8,167,176		$	8,099,839		$	8,099,839		$	8,036,609		$	8,129,391		$	8,380,174		$	7,973,594		$	7,973,594
Liabilities and Stockholders’ Equity:
Noninterest-bearing deposits	$	1,738,110		$	1,855,906		$	2,020,956		$	2,020,956		$	1,637,593		$	1,727,009		$	1,773,928		$	1,762,903		$	1,762,903		$	1,346,698		$	1,494,390		$	1,634,623		$	1,593,773		$	1,593,773
Interest-bearing deposits	4,862,685			5,010,841			4,982,252			4,982,252			4,848,770			4,900,734			4,975,127			4,909,352			4,909,352			5,073,196			5,001,159			4,991,985			4,885,402			4,885,402
Total deposits	6,600,795			6,866,747			7,003,208			7,003,208			6,486,363			6,627,743			6,749,055			6,672,255			6,672,255			6,419,894			6,495,549			6,626,608			6,479,175			6,479,175
Borrowed funds	208,854			196,603			212,058			212,058			202,155			189,524			183,691			185,984			185,984			273,342			272,024			386,429			205,371			205,371
Senior and subordinated debt	214,811			214,843			214,876			214,876			231,106			231,138			231,171			214,779			214,779			137,746			137,748			137,751			252,153			252,153
Other liabilities	77,908			90,479			101,046			101,046			95,677			72,398			69,824			85,928			85,928			81,925			82,828			77,476			74,308			74,308
Stockholders’ equity	953,451			974,653			986,725			986,725			972,701			978,552			933,435			940,893			940,893			1,123,702			1,141,242			1,151,910			962,587			962,587
Total liabilities and stockholders’ equity	$	8,055,819		$	8,343,325		$	8,517,913		$	8,517,913		$	7,988,002		$	8,099,355		$	8,167,176		$	8,099,839		$	8,099,839		$	8,036,609		$	8,129,391		$	8,380,174		$	7,973,594		$	7,973,594
Stockholders’ equity, excluding OCI	$	970,340		$	984,952		$	1,012,782		$	1,012,782		$	983,620		$	990,419		$	942,683		$	956,553		$	956,553		$	1,148,075		$	1,156,581		$	1,163,323		$	975,863		$	975,863
Stockholders’ equity, common	953,451			974,653			986,725			986,725			972,701			978,552			933,435			940,893			940,893			930,702			948,242			958,910			962,587			962,587
Stockholders’ equity, common excluding OCI	970,340			984,952			1,012,782			1,012,782			983,620			990,419			942,683			956,553			956,553			955,075			963,581			970,323			975,863			975,863
Stockholders’ equity, preferred	—			—			—			—			—			—			—			—			—			193,000			193,000			193,000			—			—
Average Balance Sheet
Total assets	$	8,071,301		$	8,259,653		$	8,403,785		$	8,246,131		$	7,957,191		$	8,113,742		$	8,227,113		$	8,139,243		$	8,109,726		$	8,094,951		$	8,171,095		$	8,229,780		$	8,142,503		$	8,159,905
Investment securities	1,175,063			1,256,813			1,250,158			1,227,619			1,163,338			1,238,767			1,220,654			1,144,997			1,191,889			1,166,991			1,150,221			1,057,075			1,069,844			1,110,619
FHLB and FRB stock	47,232			40,998			35,162			41,086			52,531			46,750			47,111			47,232			48,400			61,338			59,745			58,187			58,187			59,352
Total loans, excluding covered assets	5,148,343			5,180,608			5,379,435			5,236,975			5,089,286			5,213,944			5,353,911			5,160,576			5,204,718			5,075,840			5,108,234			5,136,130			5,085,792			5,101,621
Covered interest-earning assets	223,691			203,283			180,497			202,333			318,569			297,141			276,180			248,971			285,091			444,242			420,108			387,635			343,479			398,559
Other interest-earning assets	598,527			690,459			677,322			655,725			464,373			448,126			450,917			631,693			502,069			483,312			582,570			758,030			732,051			639,999
Total interest-earning assets	$	7,192,856		$	7,372,161		$	7,522,574		$	7,363,738		$	7,088,097		$	7,244,728		$	7,348,773		$	7,233,469		$	7,232,167		$	7,231,723		$	7,320,878		$	7,397,057		$	7,289,353		$	7,310,150
Demand deposits	$	1,740,825		$	1,880,476		$	1,975,797		$	1,866,560		$	1,591,198		$	1,797,854		$	1,852,810		$	1,808,522		$	1,762,968		$	1,342,013		$	1,465,438		$	1,569,671		$	1,613,221		$	1,498,900
Interest-bearing demand deposits	79			68			53			67			386			718			514			155			443			—			—			—			24			6
Savings deposits	1,107,213			1,144,093			1,127,970			1,126,501			995,955			1,042,099			1,048,430			1,066,611			1,038,379			901,205			944,802			940,151			952,962			934,937
NOW accounts	1,145,403			1,166,159			1,175,873			1,162,590			1,051,484			1,063,336			1,110,898			1,133,585			1,090,003			1,044,280			1,126,913			1,129,893			1,062,993			1,091,178
Money market deposits	1,251,235			1,274,062			1,343,263			1,289,857			1,184,316			1,176,723			1,234,833			1,268,046			1,216,173			1,240,439			1,205,736			1,236,546			1,237,600			1,230,090
Transactional deposits	5,244,755			5,464,858			5,622,956			5,445,575			4,823,339			5,080,730			5,247,485			5,276,919			5,107,966			4,527,937			4,742,889			4,876,261			4,866,800			4,755,111
Time deposits	1,374,529			1,331,499			1,288,746			1,331,277			1,621,926			1,548,410			1,498,993			1,447,918			1,529,006			1,937,890			1,813,164			1,731,413			1,688,971			1,792,009
Total deposits	6,619,284			6,796,357			6,911,702			6,776,852			6,445,265			6,629,140			6,746,478			6,724,837			6,636,972			6,465,827			6,556,053			6,607,674			6,555,771			6,547,120
Borrowed funds	199,891			204,449			203,613			202,664			203,548			195,934			189,835			185,390			193,643			285,847			262,525			262,001			252,839			265,702
Senior and subordinated debt	214,796			214,828			214,860			214,829			248,232			231,123			231,156			214,764			231,273			137,745			137,747			137,749			187,488			150,285
Total funding sources	$	7,033,971		$	7,215,634		$	7,330,175		$	7,194,345		$	6,897,045		$	7,056,197		$	7,167,469		$	7,124,991		$	7,061,888		$	6,889,419		$	6,956,325		$	7,007,424		$	6,996,098		$	6,963,107
Stockholders’ equity	$	948,060		$	960,501		$	983,456		$	964,135		$	970,368		$	977,054		$	982,582		$	941,175		$	967,763		$	1,122,315		$	1,134,770		$	1,148,548		$	1,072,684		$	1,119,523
Stockholders’ equity, common	948,060			960,501			983,456			964,135			970,368			977,054			982,582			941,175			967,763			929,315			941,770			955,548			961,500			947,145
Stockholders’ equity, preferred	—			—			—			—			—			—			—			—			—			193,000			193,000			193,000			111,184			172,378

	2013												2012															2011
	March 31			June 30			September 30			Sept. 30/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD
Income Statement
Interest income	$	71,045		$	71,753		$	72,329		$	215,127		$	75,268		$	75,518		$	75,584		$	74,199		$	300,569		$	81,283		$	81,296		$	80,175		$	78,757		$	321,511
Interest expense	7,197			6,823			6,663			20,683			10,086			8,814			8,324			7,677			34,901			10,637			9,935			9,640			9,679			39,891
Net interest income	63,848			64,930			65,666			194,444			65,182			66,704			67,260			66,522			265,668			70,646			71,361			70,535			69,078			281,620
Provision for loan and covered loan losses	5,674			5,813			4,770			16,257			18,210			22,458			111,791			5,593			158,052			19,492			18,763			20,425			21,902			80,582
Service charges on deposit accounts	8,677			9,118			9,472			27,267			8,660			8,848			9,502			9,689			36,699			8,144			9,563			10,215			9,957			37,879
Card-based fees	5,076			5,547			5,509			16,132			5,020			5,312			5,246			5,274			20,852			4,529			5,162			4,931			4,971			19,593
Wealth management fees	5,839			6,126			6,018			17,983			5,392			5,394			5,415			5,590			21,791			5,053			5,237			4,982			5,052			20,324
Mortgage banking income	1,968			1,010			1,273			4,251			101			63			196			2,329			2,689			(1		)	124			185			146			454
Merchant servicing fees	2,554			2,899			2,915			8,368			2,322			2,908			2,849			2,727			10,806			2,607			2,945			2,836			2,524			10,912
Other service charges, commissions, and fees	1,644			1,308			2,617			5,569			1,097			1,126			1,142			1,121			4,486			1,371			1,174			1,268			1,207			5,020
Total fee-based revenues	25,758			26,008			27,804			79,570			22,592			23,651			24,350			26,730			97,323			21,703			24,205			24,417			23,857			94,182
BOLI income (loss)	281			319			(13,028		)	(12,428		)	248			404			300			355			1,307			252			259			1,479			241			2,231
Other income	500			684			8,629			9,813			1,135			406			727			460			2,728			978			501			598			652			2,729
Trading gains (losses)	1,036			214			882			2,132			1,401			(575		)	685			116			1,627			744			(2		)	(2,352		)	919			(691		)
Net securities gains (losses)	—			216			33,801			34,017			(943		)	151			(217		)	88			(921		)	540			1,531			449			(110		)	2,410
Gains on acquisitions	—			—			—			—			—			—			3,289			—			3,289			—			—			—			1,076			1,076
Gain on bulk loan sales	—			—			—			—			—			—			—			5,153			5,153			—			—			—			—			—
Net gains (losses) on early extinguishment of debt	—			—			—			—			256			—			—			(814		)	(558		)	—			—			—			—			—
Total noninterest income	27,575			27,441			58,088			113,104			24,689			24,037			29,134			32,088			109,948			24,217			26,494			24,591			26,635			101,937
Salaries and wages	28,963			26,820			28,257			84,040			27,257			23,852			26,881			27,241			105,231			25,665			25,493			22,957			27,588			101,703
Retirement and other employee benefits	7,606			6,101			6,013			19,720			6,793			5,714			6,230			6,787			25,524			7,153			6,061			6,225			7,632			27,071
Net occupancy and equipment expense	8,147			7,793			7,982			23,922			8,331			7,513			8,108			8,747			32,699			9,103			8,012			8,157			7,681			32,953
Technology and related costs	2,483			2,884			2,984			8,351			2,858			2,851			2,906			3,231			11,846			2,623			2,697			2,709			2,876			10,905
Professional services	5,218			5,595			5,517			16,330			5,629			6,905			6,665			10,415			29,614			5,119			5,640			7,571			8,026			26,356
Net OREO expense	1,799			1,084			2,849			5,732			1,864			4,124			3,208			1,325			10,521			3,931			5,223			4,174			2,965			16,293
FDIC premiums	1,742			1,704			1,734			5,180			1,719			1,659			1,785			1,763			6,926			2,725			1,708			1,799			1,758			7,990
Advertising and promotions	1,410			2,033			2,167			5,610			870			1,032			1,427			1,744			5,073			1,079			1,378			2,502			1,239			6,198
Merchant card expense	2,044			2,321			2,339			6,704			1,796			2,324			2,272			2,192			8,584			2,088			2,391			2,315			1,849			8,643
Cardholder expenses	929			1,043			1,030			3,002			1,042			980			982			935			3,939			825			1,097			957			914			3,793
Adjusted amortization of FDIC indemnification asset	750			750			—			1,500			—			—			4,000			2,705			6,705			—			—			—			—			—
Intangibles amortization	819			819			819			2,457			834			834			849			855			3,372			957			956			957			932			3,802
Other expenses	2,904			3,480			3,011			9,395			3,620			3,369			4,810			5,667			17,466			4,150			5,063			3,853			3,131			16,197
Total noninterest expense	64,814			62,427			64,702			191,943			62,613			61,157			70,123			73,607			267,500			65,418			65,719			64,176			66,591			261,904
Income (loss) before income tax	20,935			24,131			54,282			99,348			9,048			7,126			(85,520		)	19,410			(49,936		)	9,953			13,373			10,525			7,220			41,071
Income tax	6,293			7,955			24,959			39,207			1,156			761			(36,993		)	6,194			(28,882		)	(91		)	2,720			1,583			296			4,508
Net income (loss)	$	14,642		$	16,176		$	29,323		$	60,141		$	7,892		$	6,365		$	(48,527	)	$	13,216		$	(21,054	)	$	10,044		$	10,653		$	8,942		$	6,924		$	36,563
Net income (loss) applicable to common shares	$	14,430		$	15,957		$	28,907		$	59,294		$	7,753		$	6,289		$	(47,812	)	$	13,022		$	(20,748	)	$	7,326		$	7,971		$	6,263		$	3,877		$	25,437
Basic earnings (loss) per common share	0.20			0.22			0.39			0.80			0.11			0.09			(0.65		)	0.18			(0.28		)	0.10			0.11			0.09			0.05			0.35
Diluted earnings (loss) per common share	0.20			0.22			0.39			0.80			0.11			0.09			(0.65		)	0.18			(0.28		)	0.10			0.11			0.09			0.05			0.35
Weighted average shares outstanding	73,867			74,017			74,023			73,969			73,505			73,659			73,742			73,750			73,665			73,151			73,259			73,361			73,382			73,289
Weighted average diluted shares outstanding	73,874			74,024			74,034			73,978			73,505			73,659			73,742			73,758			73,666			73,151			73,259			73,361			73,382			73,289
Tax equivalent adjustment (1)	$	3,154		$	3,074		$	3,027		$	9,255		$	3,292		$	3,324		$	3,400		$	3,233		$	13,249		$	3,567		$	3,517		$	3,395		$	3,339		$	13,818
Net interest income (FTE) (1)	67,002			68,004			68,693			203,699			68,474			70,028			70,660			69,755			278,917			74,213			74,878			73,930			72,417			295,438
Common stock and related per common share data:
Book value	$	12.70		$	12.98		$	13.14		$	13.14		$	12.99		$	13.07		$	12.47		$	12.57		$	12.57		$	12.49		$	12.73		$	12.87		$	12.93		$	12.93
Tangible book value	8.96			9.26			9.45			9.45			9.21			9.30			8.71			8.82			8.82			8.66			8.92			9.07			9.12			9.12
Dividends declared per share	0.01			0.04			0.04			0.09			0.01			0.01			0.01			0.01			0.04			0.01			0.01			0.01			0.01			0.04
Closing price at period end	13.28			13.72			15.08			15.08			11.98			10.98			12.56			12.52			12.52			11.79			12.29			7.32			10.13			10.13
Market price - period high	13.60			13.87			16.20			16.20			12.87			12.25			13.40			13.57			13.57			13.07			13.48			12.72			10.31			13.48
Market price - period low	12.11			11.57			13.81			11.57			10.25			9.42			10.43			11.62			9.42			10.79			11.05			7.22			6.89			6.89
Closing price to book value	1.0			1.1			1.1			1.1			0.9			0.8			1.0			1.0			1.0			0.9			1.0			0.6			0.8			0.8
Period end shares outstanding	75,095			75,063			75,074			75,074			74,898			74,862			74,831			74,840			74,840			74,543			74,473			74,485			74,435			74,435
Period end treasury shares	10,692			10,724			10,713			10,713			10,889			10,925			10,956			10,947			10,947			11,244			11,314			11,302			11,352			11,352
Common dividends	$	752		$	3,003		$	3,004		$	6,759		$	749		$	745		$	747		$	739		$	2,980		$	746		$	743		$	745		$	744		$	2,978
Preferred dividends	—			—			—			—			—			—			—			—			—			2,413			2,412			2,413			1,420			8,658
Other Key Ratios/Data:
Return on average common equity (2)	6.17		%	6.66		%	11.66		%	8.22		%	3.21		%	2.59		%	-19.36		%	5.50		%	-2.14		%	3.20		%	3.39		%	2.60		%	1.60		%	2.69		%
Return on average assets (2)	0.74		%	0.79		%	1.38		%	0.98		%	0.40		%	0.32		%	-2.35		%	0.65		%	-0.26		%	0.50		%	0.52		%	0.43		%	0.34		%	0.45		%
Net interest margin (1)	3.77		%	3.70		%	3.63		%	3.70		%	3.88		%	3.88		%	3.83		%	3.84		%	3.86		%	4.15		%	4.10		%	3.97		%	3.95		%	4.04		%
Yield on average interest-earning assets (1)	4.18		%	4.07		%	3.98		%	4.07		%	4.45		%	4.37		%	4.28		%	4.26		%	4.34		%	4.75		%	4.64		%	4.49		%	4.47		%	4.59		%
Cost of funds	0.55		%	0.51		%	0.49		%	0.52		%	0.76		%	0.67		%	0.62		%	0.57		%	0.66		%	0.78		%	0.73		%	0.70		%	0.71		%	0.73		%
Efficiency ratio (1) (5)	66.50		%	64.27		%	62.70		%	64.46		%	64.62		%	60.56		%	69.04		%	74.02		%	67.14		%	62.70		%	60.49		%	60.57		%	64.76		%	62.12		%
Net noninterest expense ratio (2)	1.87		%	1.71		%	1.91		%	1.79		%	1.88		%	1.85		%	2.13		%	2.25		%	2.03		%	2.09		%	2.00		%	1.93		%	1.99		%	2.00		%
Effective income tax rate	30.06		%	32.97		%	45.98		%	39.46		%	12.78		%	10.68		%	43.26		%	31.91		%	57.84		%	-0.91		%	20.34		%	15.04		%	4.10		%	10.98		%
Full time equivalent employees - end of period	1,693			1,672			1,644			1,644			1,757			1,758			1,768			1,731			1,731			1,845			1,846			1,833			1,791			1,791
Number of bank branches	91			87			87			87			98			98			94			91			91			97			96			96			98			98
Number of automated teller machines	126			126			124			124			132			132			131			130			130			136			135			133			132			132

Note:  Discussion of footnotes are located at the end of this document.

	2013												2012															2011
	March 31			June 30			September 30			Sept. 30/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD
Pre-Tax, Pre-Provision Operating Earnings
Income (loss) before income tax	$	20,935		$	24,131		$	54,282		$	99,348		$	9,048		$	7,126		$	(85,520	)	$	19,410		$	(49,936	)	$	9,953		$	13,373		$	10,525		$	7,220		$	41,071
Provision for loan and covered loan losses	5,674			5,813			4,770			16,257			18,210			22,458			111,791			5,593			158,052			19,492			18,763			20,425			21,902			80,582
Pre-tax, pre-provision operating earnings	26,609			29,944			59,052			115,605			27,258			29,584			26,271			25,003			108,116			29,445			32,136			30,950			29,122			121,653
Adjustments to pre-tax, pre-provision operating earnings:
Net securities (gains) losses	—			(216		)	(33,801		)	(34,017		)	943			(151		)	217			(88		)	921			(540		)	(1,531		)	(449		)	110			(2,410		)
Gain on termination of FHLB forward commitments	—			—			(7,829		)	(7,829		)	—			—			—			—			—			—			—			—			—			—
BOLI loss	—			—			13,312			13,312			—			—			—			—			—			—			—			—			—			—
Gain, less related expenses, on bulk loan sales	—			—			—			—			—			—			—			(2,639		)	(2,639		)	—			—			—			—			—
Gains on acquisitions, net of integration costs	—			—			—			—			—			—			(3,074		)	588			(2,486		)	—			—			—			(1,076		)	(1,076		)
Net (gains) losses on early extinguishment of debt	—			—			—			—			(256		)	—			—			814			558			—			—			—			—			—
Adjusted amortization of FDIC indemnification asset	750			750			—			1,500			—			—			4,000			2,705			6,705			—			—			—			—			—
Net losses on sales and valuation adjustments of OREO, excess properties, assets held-for-sale, and other	781			(288		)	1,652			2,145			303			2,527			3,280			1,805			7,915			2,537			4,149			2,686			1,425			10,797
Severance-related costs	980			511			233			1,724			315			—			840			59			1,214			—			191			78			2,000			2,269
Total adjustments	2,511			757			(26,433		)	(23,165		)	1,305			2,376			5,263			3,244			12,188			1,997			2,809			2,315			2,459			9,580
Pre-tax, pre-provision operating earnings	$	29,120		$	30,701		$	32,619		$	92,440		$	28,563		$	31,960		$	31,534		$	28,247		$	120,304		$	31,442		$	34,945		$	33,265		$	31,581		$	131,233
Risk-Based Capital Data:
Preferred stock	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	191,050		$	191,220		$	191,393		$	—		$	—
Common stock	858			858			858			858			858			858			858			858			858			858			858			858			858			858
Additional paid-in capital	409,077			411,470			412,677			412,677			413,742			414,665			417,245			418,318			418,318			422,405			424,877			425,647			428,001			428,001
Retained earnings	800,343			813,516			839,835			839,835			817,630			823,250			773,976			786,453			786,453			794,395			801,723			807,334			810,487			810,487
Treasury stock, at cost	(239,938		)	(240,892		)	(240,588		)	(240,588		)	(248,610		)	(248,354		)	(249,396		)	(249,076		)	(249,076		)	(260,633		)	(262,097		)	(261,909		)	(263,483		)	(263,483		)
Trust preferred securities	59,965			59,965			59,965			59,965			64,265			64,265			64,265			59,965			59,965			84,730			84,730			84,730			84,730			84,730
Goodwill and other intangible assets	(280,240		)	(279,421		)	(277,187		)	(277,187		)	(282,815		)	(281,981		)	(281,914		)	(281,059		)	(281,059		)	(285,077		)	(284,120		)	(283,163		)	(283,650		)	(283,650		)
Disallowed deferred tax assets	(74,615		)	(71,987		)	(51,092		)	(51,092		)	(50,602		)	(54,178		)	(86,201		)	(82,979		)	(82,979		)	(43,392		)	(41,363		)	(44,858		)	(52,080		)	(52,080		)
Tier 1 capital	675,450			693,509			744,468			744,468			714,468			718,525			638,833			652,480			652,480			904,336			915,828			920,032			724,863			724,863
Tier 2 capital	95,700			97,313			99,207			99,207			129,330			110,938			111,102			102,784			102,784			130,033			129,595			129,277			129,098			129,098
Total capital	$	771,150		$	790,822		$	843,675		$	843,675		$	843,798		$	829,463		$	749,935		$	755,264		$	755,264		$	1,034,369		$	1,045,423		$	1,049,309		$	853,961		$	853,961
Risk-adjusted assets	$	6,401,019		$	6,536,368		$	6,694,123		$	6,694,123		$	6,263,673		$	6,409,298		$	6,437,263		$	6,348,523		$	6,348,523		$	6,291,987		$	6,261,928		$	6,244,070		$	6,241,191		$	6,241,191
Tier 1 common capital	615,485			633,544			684,503			684,503			650,203			654,260			574,568			592,515			592,515			626,606			638,098			642,302			640,133			640,133
Tangible common equity	673,211			695,232			709,538			709,538			689,886			696,571			651,521			659,834			659,834			645,625			664,122			675,747			678,937			678,937
Tangible common equity excluding OCI	690,100			705,531			735,595			735,595			700,805			708,438			660,769			675,494			675,494			669,998			679,461			687,160			692,213			692,213
Adjusted average assets	7,717,847			7,910,936			8,082,881			8,082,881			7,620,777			7,772,866			7,854,202			7,768,967			7,768,967			7,795,603			7,862,447			7,909,645			7,813,637			7,813,637
Total capital to risk-weighted assets	12.05		%	12.10		%	12.60		%	12.60		%	13.47		%	12.94		%	11.65		%	11.90		%	11.90		%	16.44		%	16.69		%	16.80		%	13.68		%	13.68		%
Tier 1 capital to risk-weighted assets	10.55		%	10.61		%	11.12		%	11.12		%	11.41		%	11.21		%	9.92		%	10.28		%	10.28		%	14.37		%	14.63		%	14.73		%	11.61		%	11.61		%
Tier 1 leverage to average assets	8.75		%	8.77		%	9.21		%	9.21		%	9.38		%	9.24		%	8.13		%	8.40		%	8.40		%	11.60		%	11.65		%	11.63		%	9.28		%	9.28		%
Tier 1 common capital to risk-weighted assets	9.62		%	9.69		%	10.23		%	10.23		%	10.38		%	10.21		%	8.93		%	9.33		%	9.33		%	9.96		%	10.19		%	10.29		%	10.26		%	10.26		%
Tangible common equity ratio	8.66		%	8.62		%	8.61		%	8.61		%	8.95		%	8.91		%	8.26		%	8.44		%	8.44		%	8.33		%	8.47		%	8.35		%	8.83		%	8.83		%
Tangible common equity ratio, excluding OCI	8.88		%	8.75		%	8.93		%	8.93		%	9.10		%	9.06		%	8.38		%	8.64		%	8.64		%	8.64		%	8.66		%	8.49		%	9.00		%	9.00		%
Tangible common equity to risk-weighted assets	10.52		%	10.64		%	10.60		%	10.60		%	11.01		%	10.87		%	10.12		%	10.39		%	10.39		%	10.26		%	10.61		%	10.82		%	10.88		%	10.88		%

	2013												2012															2011
	March 31			June 30			September 30			Sept. 30/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD
Asset Quality Performance Data:
Non-performing loans (3):
Commercial and industrial	$	29,625		$	28,157		$	13,835		$	13,835		$	55,158		$	55,358		$	31,102		$	25,941		$	25,941		$	54,561		$	44,393		$	30,507		$	44,152		$	44,152
Agricultural	655			786			642			642			882			1,293			1,204			1,173			1,173			1,171			1,009			2,977			1,019			1,019
Commercial real estate:
Office, retail, and industrial	26,438			24,428			19,855			19,855			34,831			46,629			22,624			23,224			23,224			16,753			16,567			24,728			30,043			30,043
Multi-family	1,766			2,068			2,068			2,068			9,615			8,843			2,028			1,434			1,434			6,787			23,385			18,196			6,487			6,487
Residential construction	5,552			3,331			2,356			2,356			21,104			17,500			4,750			4,612			4,612			36,326			23,576			20,911			18,076			18,076
Commercial construction	873			3,878			3,881			3,881			20,297			21,981			4,423			873			873			20,980			21,449			15,672			23,347			23,347
Other commercial real estate	17,532			13,022			11,620			11,620			43,137			34,192			21,284			16,214			16,214			38,732			36,984			45,727			51,447			51,447
1-4 family mortgages	4,680			5,064			5,055			5,055			5,648			5,466			5,901			4,874			4,874			3,362			4,577			4,648			5,322			5,322
Consumer	8,276			8,459			8,858			8,858			8,873			7,246			6,263			6,189			6,189			7,891			5,555			7,823			7,432			7,432
Total non-accrual loans	95,397			89,193			68,170			68,170			199,545			198,508			99,579			84,534			84,534			186,563			177,495			171,189			187,325			187,325
90 days or more past due loans	5,552			3,832			5,642			5,642			7,674			8,192			12,582			8,689			8,689			5,231			6,502			6,008			9,227			9,227
Total non-performing loans	100,949			93,025			73,812			73,812			207,219			206,700			112,161			93,223			93,223			191,794			183,997			177,197			196,552			196,552
Accruing troubled debt restructurings	2,587			8,287			24,329			24,329			2,076			7,811			6,391			6,867			6,867			14,120			14,529			7,033			17,864			17,864
Other real estate owned	39,994			39,497			35,616			35,616			35,276			28,309			36,487			39,953			39,953			33,863			24,407			23,863			33,975			33,975
Total non-performing assets (3)	$	143,530		$	140,809		$	133,757		$	133,757		$	244,571		$	242,820		$	155,039		$	140,043		$	140,043		$	239,777		$	222,933		$	208,093		$	248,391		$	248,391
30-89 days past due loans (3)	$	22,222		$	21,756		$	15,111		$	15,111		$	21,241		$	23,597		$	20,088		$	22,666		$	22,666		$	28,927		$	30,424		$	34,061		$	27,495		$	27,495
Potential problem loans (3) (4)	$	203,959		$	193,692		$	187,227		$	187,227		$	357,371		$	334,910		$	215,825		$	219,047		$	219,047		$	582,319		$	540,822		$	494,818		$	403,234		$	403,234
Allowance for credit losses:
Allowance for loan losses	$	85,364		$	79,729		$	77,772		$	77,772		$	115,271		$	115,200		$	93,048		$	87,384		$	87,384		$	142,503		$	137,331		$	127,768		$	118,473		$	118,473
Allowance for covered loan losses	12,227			14,381			13,056			13,056			993			982			9,397			12,062			12,062			—			—			1,023			989			989
Reserve for unfunded commitments	2,866			2,866			2,386			2,386			2,500			2,500			2,500			3,366			3,366			2,500			2,500			2,500			2,500			2,500
Total allowance for credit losses	$	100,457		$	96,976		$	93,214		$	93,214		$	118,764		$	118,682		$	104,945		$	102,812		$	102,812		$	145,003		$	139,831		$	131,291		$	121,962		$	121,962
Provision for loan and covered loan losses	$	5,674		$	5,813		$	4,770		$	16,257		$	18,210		$	22,458		$	111,791		$	5,593		$	158,052		$	19,492		$	18,763		$	20,425		$	21,902		$	80,582
Net charge-offs by category:
Commercial and industrial	$	996		$	2,448		$	2,057		$	5,501		$	7,524		$	5,870		$	41,781		$	1,778		$	56,953		$	3,128		$	5,585		$	10,165		$	8,910		$	27,788
Agricultural	90			95			141			326			(50		)	18			4,531			(177		)	4,322			9			799			177			484			1,469
Commercial real estate:
Office, retail, and industrial	1,260			1,418			956			3,634			2,665			2,263			29,368			95			34,391			1,183			609			2,543			3,779			8,114
Multi-family	160			183			112			455			9			313			2,755			9			3,086			549			6,652			2,170			4,803			14,174
Residential construction	565			845			413			1,823			463			3,598			9,242			134			13,437			5,418			899			2,250			2,498			11,065
Commercial construction	(2		)	—			(3		)	(5		)	170			2,616			11,037			100			13,923			261			133			4,115			1,673			6,182
Other commercial real estate	1,505			218			639			2,362			8,177			2,934			23,452			1,786			36,349			5,358			2,107			4,421			3,002			14,888
1-4 family mortgages	396			25			290			711			210			250			569			826			1,855			246			340			320			196			1,102
Consumer	1,861			2,085			1,818			5,764			1,966			2,244			2,351			1,710			8,271			2,317			2,703			1,780			2,199			8,999
Net charge-offs, excluding covered loans	6,831			7,317			6,423			20,571			21,134			20,106			125,086			6,261			172,587			18,469			19,827			27,941			27,544			93,781
Charge-offs on covered loans	698			1,977			1,629			4,304			274			2,434			442			1,465			4,615			1,092			4,108			1,024			3,687			9,911
Total net charge-offs	$	7,529		$	9,294		$	8,052		$	24,875		$	21,408		$	22,540		$	125,528		$	7,726		$	177,202		$	19,561		$	23,935		$	28,965		$	31,231		$	103,692
Total recoveries included above	$	3,243		$	1,388		$	1,243		$	5,874		$	1,278		$	1,141		$	731		$	2,455		$	5,605		$	2,008		$	3,813		$	1,033		$	1,030		$	7,884
Asset Quality ratios (3):
Non-accrual loans to loans	1.84		%	1.69		%	1.25		%	1.25		%	3.88		%	3.75		%	1.91		%	1.63		%	1.63		%	3.66		%	3.47		%	3.35		%	3.68		%	3.68		%
Non-performing loans to loans	1.95		%	1.76		%	1.35		%	1.35		%	4.03		%	3.90		%	2.15		%	1.80		%	1.80		%	3.76		%	3.60		%	3.47		%	3.86		%	3.86		%
Non-performing assets to loans plus OREO	2.75		%	2.64		%	2.44		%	2.44		%	4.73		%	4.56		%	2.95		%	2.68		%	2.68		%	4.67		%	4.34		%	4.06		%	4.85		%	4.85		%
Non-performing assets to tangible common equity plus allowance for credit losses	18.55		%	17.77		%	16.66		%	16.66		%	30.24		%	29.78		%	20.50		%	18.36		%	18.36		%	30.33		%	27.73		%	25.78		%	31.01		%	31.01		%
Non-accrual loans to total assets	1.18		%	1.07		%	0.80		%	0.80		%	2.50		%	2.45		%	1.22		%	1.04		%	1.04		%	2.32		%	2.18		%	2.04		%	2.35		%	2.35		%
Allowance for credit losses and net charge-off ratios (3):
Allowance for credit losses to loans	1.70		%	1.56		%	1.47		%	1.47		%	2.29		%	2.22		%	1.83		%	1.75		%	1.75		%	2.85		%	2.73		%	2.55		%	2.38		%	2.38		%
Allowance for credit losses to non-accrual loans	92.49		%	92.60		%	117.59		%	117.59		%	59.02		%	59.29		%	95.95		%	107.35		%	107.35		%	77.72		%	78.78		%	76.10		%	64.58		%	64.58		%
Allowance for credit losses to non-performing loans	87.40		%	88.79		%	108.60		%	108.60		%	56.83		%	56.94		%	85.19		%	97.35		%	97.35		%	75.60		%	76.00		%	73.52		%	61.55		%	61.55		%
Net charge-offs to average net loans (2)	0.54		%	0.57		%	0.47		%	0.53		%	1.67		%	1.55		%	9.29		%	0.48		%	3.32		%	1.48		%	1.56		%	2.16		%	2.15		%	1.84		%
Allowance for credit losses to loans, including covered loans	1.87		%	1.78		%	1.66		%	1.66		%	2.20		%	2.15		%	1.93		%	1.91		%	1.91		%	2.66		%	2.58		%	2.43		%	2.28		%	2.28		%

Footnotes:

(1)Tax equivalent basis reflects federal and state tax benefits.

(2)Annualized based on the actual number of days for each period presented.

(3)Excludes covered loans and covered OREO.

(4)Total potential problem loans excludes $18.6 million of accruing troubled debt restructurings as of September 30, 2013.

(5)The efficiency ratio expresses noninterest expense, excluding OREO expense, as a percentage of tax-equivalent net interest income plus total fee-based revenues, other income, trading gains (losses), and the tax-equivalent adjustment on BOLI income. The $7.8 million gain on the termination of FHLB forward commitments and the $13.3 million BOLI loss are non-recurring items excluded from the efficiency ratio for the third quarter and nine months ended September 30, 2013.