Exhibit 99.2
First Midwest Bancorp, Inc.
Selected Financial Information
(Amounts in thousands, except per share data)
2008 | 2007 | 2006 | 2005 | |||||||||||||||||||||||||||||||||
June 30/YTD | 2nd Quarter | 1st Quarter | Dec. 31/YTD | 4th Quarter | 3rd Quarter | 2nd Quarter | 1st Quarter | Dec. 31/YTD | 4th Quarter | 3rd Quarter | Dec. 31/YTD | |||||||||||||||||||||||||
Period-End Balance Sheet | ||||||||||||||||||||||||||||||||||||
Total assets | $ | 8,311,025 | $ | 8,311,025 | $ | 8,315,368 | $ | 8,091,518 | $ | 8,091,518 | $ | 7,884,345 | $ | 8,055,358 | $ | 8,235,110 | $ | 8,441,526 | $ | 8,441,526 | $ | 8,596,864 | $ | 7,210,151 | ||||||||||||
Securities HTM - amortized cost | 94,580 | 94,580 | 95,651 | 97,671 | 97,671 | 92,913 | 104,152 | 103,697 | 91,380 | 91,380 | 98,745 | 56,772 | ||||||||||||||||||||||||
Securities HTM - fair market value | 94,829 | 94,829 | 96,013 | 97,931 | 97,931 | 93,151 | 104,317 | 103,951 | 91,602 | 91,602 | 99,019 | 56,791 | ||||||||||||||||||||||||
Securities AFS - fair market value | 2,106,461 | 2,106,461 | 2,100,602 | 2,080,046 | 2,080,046 | 1,869,590 | 2,128,683 | 2,241,608 | 2,387,788 | 2,387,788 | 2,499,081 | 2,233,120 | ||||||||||||||||||||||||
FHLB and FRB Stock | 54,767 | 54,767 | 54,767 | 54,767 | 54,767 | 54,767 | 54,767 | 54,767 | 54,886 | 54,886 | 62,881 | 53,510 | ||||||||||||||||||||||||
Mortgages held for sale | — | — | — | 394 | 394 | 1,408 | 5,665 | 3,674 | 4,760 | 4,760 | 6,186 | 4,301 | ||||||||||||||||||||||||
Loans: | ||||||||||||||||||||||||||||||||||||
Commercial and industrial | 1,448,723 | 1,448,723 | 1,396,665 | 1,347,481 | 1,347,481 | 1,378,509 | 1,402,282 | 1,395,876 | 1,413,263 | 1,413,263 | 1,454,222 | 1,161,660 | ||||||||||||||||||||||||
Agricultural | 207,438 | 207,438 | 200,614 | 181,358 | 181,358 | 158,015 | 156,594 | 175,554 | 158,305 | 158,305 | 149,453 | 131,689 | ||||||||||||||||||||||||
Real estate - office, retail, and industrial | 1,048,547 | 1,048,547 | 1,020,403 | 942,065 | 942,065 | 917,202 | 905,483 | 892,428 | 893,853 | 893,853 | 885,331 | 744,814 | ||||||||||||||||||||||||
Real estate - residential land and development | 418,455 | 418,455 | 413,531 | 418,543 | 418,543 | 442,547 | 431,635 | 438,600 | 425,473 | 425,473 | 429,484 | 319,842 | ||||||||||||||||||||||||
Real estate - multifamily | 195,815 | 195,815 | 188,474 | 178,602 | 178,602 | 181,077 | 205,821 | 267,754 | 278,010 | 278,010 | 294,472 | 311,340 | ||||||||||||||||||||||||
Real estate - other commercial | 1,107,122 | 1,107,122 | 1,054,143 | 1,111,141 | 1,111,141 | 1,077,636 | 1,011,265 | 994,992 | 972,800 | 972,800 | 960,363 | 766,299 | ||||||||||||||||||||||||
Real estate - 1-4 family | 213,295 | 213,295 | 224,895 | 220,741 | 220,741 | 200,694 | 206,506 | 211,489 | 215,464 | 215,464 | 213,614 | 143,286 | ||||||||||||||||||||||||
Direct consumer | 522,913 | 522,913 | 521,125 | 530,641 | 530,641 | 533,885 | 538,662 | 552,809 | 573,128 | 573,128 | 587,556 | 570,042 | ||||||||||||||||||||||||
Indirect consumer | 20,047 | 20,047 | 25,915 | 33,100 | 33,100 | 41,907 | 51,610 | 64,118 | 78,648 | 78,648 | 95,059 | 157,219 | ||||||||||||||||||||||||
Total loans | 5,182,355 | 5,182,355 | 5,045,765 | 4,963,672 | 4,963,672 | 4,931,472 | 4,909,858 | 4,993,620 | 5,008,944 | 5,008,944 | 5,069,554 | 4,306,191 | ||||||||||||||||||||||||
Other Assets: | ||||||||||||||||||||||||||||||||||||
Other earning assets | 18,060 | 18,060 | 19,113 | 19,397 | 19,397 | 20,865 | 20,734 | 17,868 | 5,081 | 5,081 | 3,330 | 1,607 | ||||||||||||||||||||||||
Total earning assets | 7,401,456 | 7,401,456 | 7,315,898 | 7,215,947 | 7,215,947 | 6,971,015 | 7,223,859 | 7,415,234 | 7,552,839 | 7,552,839 | 7,739,777 | 6,655,501 | ||||||||||||||||||||||||
Corporate owned life insurance | 206,132 | 206,132 | 203,987 | 203,535 | 203,535 | 201,418 | 199,396 | 197,421 | 196,598 | 196,598 | 194,632 | 156,441 | ||||||||||||||||||||||||
Goodwill and other intangibles | 286,737 | 286,737 | 287,141 | 288,235 | 288,235 | 289,341 | 290,447 | 291,552 | 292,658 | 292,658 | 293,839 | 95,997 | ||||||||||||||||||||||||
Deposits: | ||||||||||||||||||||||||||||||||||||
Demand deposits | 1,077,659 | 1,077,659 | 1,060,545 | 1,064,684 | 1,064,684 | 1,082,068 | 1,070,528 | 1,073,065 | 1,124,081 | 1,124,081 | 1,068,815 | 976,557 | ||||||||||||||||||||||||
Interest bearing deposits | 4,707,504 | 4,707,504 | 4,661,017 | 4,714,177 | 4,714,177 | 4,752,107 | 4,744,216 | 4,834,377 | 5,043,135 | 5,043,135 | 5,160,575 | 4,171,275 | ||||||||||||||||||||||||
Total deposits | 5,785,163 | 5,785,163 | 5,721,562 | 5,778,861 | 5,778,861 | 5,834,175 | 5,814,744 | 5,907,442 | 6,167,216 | 6,167,216 | 6,229,390 | 5,147,832 | ||||||||||||||||||||||||
Fed funds purchased and repurchase agreements | 676,571 | 676,571 | 569,662 | 665,164 | 665,164 | 514,438 | 573,064 | 598,035 | 612,608 | 612,608 | 520,616 | 746,057 | ||||||||||||||||||||||||
Other borrowed funds | 813,337 | 813,337 | 844,064 | 599,064 | 599,064 | 484,064 | 599,126 | 639,621 | 569,660 | 569,660 | 774,700 | 548,475 | ||||||||||||||||||||||||
Subordinated debt | 232,476 | 232,476 | 232,509 | 230,082 | 230,082 | 227,948 | 226,118 | 228,274 | 228,674 | 228,674 | 228,747 | 130,092 | ||||||||||||||||||||||||
Stockholders’ equity | 724,034 | 724,034 | 737,927 | 723,975 | 723,975 | 727,928 | 741,060 | 753,988 | 751,014 | 751,014 | 745,869 | 544,068 | ||||||||||||||||||||||||
Stockholders’ equity, excluding OCI | $ | 759,983 | $ | 759,983 | $ | 747,260 | $ | 735,702 | $ | 735,702 | $ | 764,313 | $ | 776,208 | $ | 770,326 | $ | 766,302 | $ | 766,302 | $ | 747,543 | $ | 552,352 | ||||||||||||
Average Balance Sheet | ||||||||||||||||||||||||||||||||||||
Total assets | $ | 8,129,158 | $ | 8,187,594 | $ | 8,070,724 | $ | 8,091,333 | $ | 7,920,731 | $ | 7,991,143 | $ | 8,151,473 | $ | 8,307,340 | $ | 8,255,764 | $ | 8,502,699 | $ | 8,597,152 | $ | 7,042,670 | ||||||||||||
Securities - HTM taxable | 7,729 | 7,701 | 7,756 | 9,450 | 8,170 | 9,306 | 9,797 | 10,555 | 9,848 | 9,588 | 9,888 | 10,644 | ||||||||||||||||||||||||
Securities - HTM tax-exempt | 89,336 | 90,682 | 87,991 | 88,099 | 81,814 | 88,407 | 97,716 | 84,485 | 91,046 | 86,951 | 96,413 | 52,611 | ||||||||||||||||||||||||
Securities - AFS taxable | 1,147,869 | 1,162,348 | 1,133,390 | 1,268,389 | 1,140,075 | 1,255,618 | 1,317,102 | 1,363,295 | 1,456,220 | 1,431,859 | 1,507,365 | 1,535,395 | ||||||||||||||||||||||||
Securities - AFS tax-exempt | 949,512 | 943,278 | 955,745 | 906,905 | 915,398 | 864,559 | 896,428 | 952,104 | 998,727 | 1,021,820 | 1,037,147 | 643,422 | ||||||||||||||||||||||||
FHLB and FRB Stock | 54,767 | 54,767 | 54,767 | 54,774 | 54,767 | 54,767 | 54,767 | 54,852 | 59,056 | 61,258 | 61,820 | 52,578 | ||||||||||||||||||||||||
Total loans | 5,058,177 | 5,097,586 | 5,018,767 | 4,943,479 | 4,921,210 | 4,895,800 | 4,944,483 | 5,013,967 | 4,869,360 | 5,046,665 | 5,037,574 | 4,214,750 | ||||||||||||||||||||||||
Other earning assets | 29,001 | 37,327 | 20,676 | 30,507 | 26,955 | 29,798 | 33,590 | 31,741 | 10,892 | 10,459 | 8,552 | 7,917 | ||||||||||||||||||||||||
Total earning assets | 7,336,391 | 7,393,689 | 7,279,092 | 7,301,603 | 7,148,389 | 7,198,255 | 7,353,883 | 7,510,999 | 7,495,149 | 7,668,600 | 7,758,759 | 6,517,317 | ||||||||||||||||||||||||
Deposits: | �� | |||||||||||||||||||||||||||||||||||
Demand deposits | 1,039,330 | 1,053,339 | 1,025,320 | 1,055,251 | 1,050,954 | 1,051,292 | 1,061,987 | 1,056,880 | 1,052,413 | 1,086,979 | 1,083,334 | 931,711 | ||||||||||||||||||||||||
Savings deposits | 818,980 | 823,196 | 814,764 | 754,009 | 788,526 | 774,133 | 746,702 | 705,543 | 653,321 | 679,681 | 674,039 | 615,324 | ||||||||||||||||||||||||
NOW accounts | 917,157 | 953,808 | 880,505 | 900,956 | 885,966 | 941,488 | 905,683 | 870,064 | 924,539 | 936,793 | 992,916 | 893,706 | ||||||||||||||||||||||||
Money market deposits | 820,484 | 818,815 | 822,154 | 859,864 | 854,409 | 864,001 | 858,639 | 862,452 | 867,775 | 882,627 | 919,889 | 672,411 | ||||||||||||||||||||||||
Core transactional deposits | 3,595,951 | 3,649,158 | 3,542,743 | 3,570,080 | 3,579,855 | 3,630,914 | 3,573,011 | 3,494,939 | 3,498,048 | 3,586,080 | 3,670,178 | 3,113,152 | ||||||||||||||||||||||||
Time deposits > $100,000 | 816,157 | 830,166 | 802,149 | 827,907 | 810,802 | 822,079 | 844,232 | 834,844 | 746,036 | 854,693 | 805,129 | 604,270 | ||||||||||||||||||||||||
Time deposits < $100,000 | 1,352,239 | 1,331,445 | 1,373,034 | 1,491,995 | 1,429,534 | 1,386,797 | 1,491,777 | 1,663,599 | 1,683,866 | 1,713,424 | 1,731,613 | 1,361,440 | ||||||||||||||||||||||||
Total time deposits | 2,168,396 | 2,161,611 | 2,175,183 | 2,319,902 | 2,240,336 | 2,208,876 | 2,336,009 | 2,498,443 | 2,429,902 | 2,568,117 | 2,536,742 | 1,965,710 | ||||||||||||||||||||||||
Total deposits | 5,764,347 | 5,810,769 | 5,717,926 | 5,889,982 | 5,820,191 | 5,839,790 | 5,909,020 | 5,993,382 | 5,927,950 | 6,154,197 | 6,206,920 | 5,078,862 | ||||||||||||||||||||||||
FFP, repos, other borrowed funds | 1,319,296 | 1,331,195 | 1,307,398 | 1,131,700 | 1,046,041 | 1,093,068 | 1,162,315 | 1,227,797 | 1,339,826 | 1,265,370 | 1,343,671 | 1,235,205 | ||||||||||||||||||||||||
Subordinated debt | 231,475 | 232,492 | 230,458 | 227,756 | 227,973 | 226,180 | 228,229 | 228,667 | 206,449 | 228,746 | 226,187 | 130,377 | ||||||||||||||||||||||||
Total funding sources | 7,315,118 | 7,374,456 | 7,255,782 | 7,249,438 | 7,094,205 | 7,159,038 | 7,299,564 | 7,449,846 | 7,474,225 | 7,648,313 | 7,776,778 | 6,444,444 | ||||||||||||||||||||||||
Stockholders’ equity | 738,793 | 745,128 | 732,458 | 750,111 | 738,664 | 741,820 | 760,010 | 760,277 | 695,020 | 762,535 | 724,695 | 538,515 |
First Midwest Bancorp, Inc.
Selected Financial Information
(Amounts in thousands, except per share data)
2008 | 2007 | 2006 | 2005 | |||||||||||||||||||||||||||||||||||||||||||||
June 30/YTD | 2nd Quarter | 1st Quarter | Dec. 31/YTD | 4th Quarter | 3rd Quarter | 2nd Quarter | 1st Quarter | Dec. 31/YTD | 4th Quarter | 3rd Quarter | Dec. 31/YTD | |||||||||||||||||||||||||||||||||||||
Income Statement | ||||||||||||||||||||||||||||||||||||||||||||||||
Interest income | $ | 209,788 | $ | 101,313 | $ | 108,475 | $ | 476,961 | $ | 114,611 | $ | 120,090 | $ | 120,671 | $ | 121,589 | $ | 476,409 | $ | 125,397 | $ | 126,437 | $ | 366,700 | ||||||||||||||||||||||||
Interest expense | 90,962 | 40,987 | 49,975 | 236,832 | 56,513 | 59,393 | 59,707 | 61,219 | 224,550 | 62,634 | 60,764 | 130,850 | ||||||||||||||||||||||||||||||||||||
Net interest income | 118,826 | 60,326 | 58,500 | 240,129 | 58,098 | 60,697 | 60,964 | 60,370 | 251,859 | 62,763 | 65,673 | 235,850 | ||||||||||||||||||||||||||||||||||||
Loan loss provision | 14,840 | 5,780 | 9,060 | 7,233 | 2,042 | 470 | 1,761 | 2,960 | 10,229 | 3,865 | 2,715 | 8,930 | ||||||||||||||||||||||||||||||||||||
Service charges on deposit accounts | 21,807 | 11,385 | 10,422 | 45,015 | 11,986 | 11,959 | 11,483 | 9,587 | 40,036 | 10,594 | 10,971 | 30,199 | ||||||||||||||||||||||||||||||||||||
Trust and investment management fees | 7,892 | 3,945 | 3,947 | 15,701 | 4,061 | 3,934 | 3,916 | 3,790 | 14,269 | 3,666 | 3,736 | 12,593 | ||||||||||||||||||||||||||||||||||||
Other service charges, commissions, and fees | 9,458 | 4,456 | 5,002 | 22,183 | 5,324 | 5,601 | 6,099 | 5,159 | 20,135 | 5,362 | 5,471 | 17,572 | ||||||||||||||||||||||||||||||||||||
Card-based fees | 8,134 | 4,236 | 3,898 | 15,925 | 3,979 | 4,054 | 4,181 | 3,711 | 13,777 | 3,712 | 3,734 | 10,207 | ||||||||||||||||||||||||||||||||||||
Subotal, total fee-based revenue | 47,291 | 24,022 | 23,269 | 98,824 | 25,350 | 25,548 | 25,679 | 22,247 | 88,217 | 23,334 | 23,912 | 70,571 | ||||||||||||||||||||||||||||||||||||
Corporate owned life insurance income | 4,607 | 2,145 | 2,462 | 8,033 | 2,117 | 2,023 | 1,982 | 1,911 | 7,616 | 1,966 | 2,206 | 5,163 | ||||||||||||||||||||||||||||||||||||
Security (losses) gains, net | 350 | (4,618 | ) | 4,968 | (50,801 | ) | (50,041 | ) | (5,165 | ) | 961 | 3,444 | 4,269 | 3,371 | 509 | (3,315 | ) | |||||||||||||||||||||||||||||||
(Losses) on early extinguishment of debt | — | — | — | — | — | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Other income | 194 | 874 | (680 | ) | 4,197 | 109 | 989 | 2,001 | 1,098 | 3,181 | 982 | 364 | 2,193 | |||||||||||||||||||||||||||||||||||
Total noninterest income | 52,442 | 22,423 | 30,019 | 60,253 | (22,465 | ) | 23,395 | 30,623 | 28,700 | 103,283 | 29,653 | 26,991 | 74,612 | |||||||||||||||||||||||||||||||||||
Salaries and employee benefits | 52,558 | 26,368 | 26,190 | 111,598 | 27,686 | 27,354 | 29,008 | 27,550 | 106,201 | 26,507 | 27,023 | 95,179 | ||||||||||||||||||||||||||||||||||||
Occupancy and equipment expense | 16,697 | 7,979 | 8,718 | 32,594 | 8,224 | 8,266 | 7,976 | 8,128 | 30,380 | 7,747 | 8,133 | 25,173 | ||||||||||||||||||||||||||||||||||||
Other real estate expense, net | 1,483 | 1,165 | 318 | 972 | 533 | 397 | 71 | (29 | ) | 843 | 96 | 175 | 931 | |||||||||||||||||||||||||||||||||||
Other intangibles amortization | 2,189 | 1,095 | 1,094 | 4,423 | 1,106 | 1,106 | 1,105 | 1,106 | 4,039 | 1,148 | 1,156 | 2,130 | ||||||||||||||||||||||||||||||||||||
Acquisition and restructure charges | — | — | — | 36 | — | — | — | 36 | 1,753 | — | — | — | ||||||||||||||||||||||||||||||||||||
Other expenses | 26,361 | 13,338 | 13,023 | 49,514 | 12,715 | 12,858 | 12,577 | 11,364 | 49,399 | 12,297 | 12,631 | 42,290 | ||||||||||||||||||||||||||||||||||||
Total noninterest expense | 99,288 | 49,945 | 49,343 | 199,137 | 50,264 | 49,981 | 50,737 | 48,155 | 192,615 | 47,795 | 49,118 | 165,703 | ||||||||||||||||||||||||||||||||||||
Pre-tax earnings | 57,140 | 27,024 | 30,116 | 94,012 | (16,673 | ) | 33,641 | 39,089 | 37,955 | 152,298 | 40,756 | 40,831 | 135,829 | |||||||||||||||||||||||||||||||||||
Income taxes | 5,105 | 27 | 5,078 | 13,853 | (11,255 | ) | 6,404 | 9,778 | 8,926 | 35,052 | 9,228 | 9,616 | 34,452 | |||||||||||||||||||||||||||||||||||
Net income | $ | 52,035 | $ | 26,997 | $ | 25,038 | $ | 80,159 | $ | (5,418 | ) | $ | 27,237 | $ | 29,311 | $ | 29,029 | $ | 117,246 | $ | 31,528 | $ | 31,215 | $ | 101,377 | |||||||||||||||||||||||
Basic earnings per share | $ | 1.07 | $ | 0.56 | $ | 0.52 | $ | 1.63 | $ | (0.11 | ) | $ | 0.55 | $ | 0.59 | $ | 0.58 | $ | 2.39 | $ | 0.63 | $ | 0.63 | $ | 2.22 | |||||||||||||||||||||||
Diluted earnings per share | $ | 1.07 | $ | 0.56 | $ | 0.52 | $ | 1.62 | $ | (0.11 | ) | $ | 0.55 | $ | 0.59 | $ | 0.58 | $ | 2.37 | $ | 0.63 | $ | 0.62 | $ | 2.21 | |||||||||||||||||||||||
Weighted average shares outstanding | 48,446 | 48,459 | 48,433 | 49,295 | 48,525 | 49,134 | 49,617 | 49,921 | 49,102 | 49,991 | 49,940 | 45,567 | ||||||||||||||||||||||||||||||||||||
Weighted average diluted shares outstanding | 48,582 | 48,576 | 48,589 | 49,622 | 48,754 | 49,447 | 49,984 | 50,322 | 49,469 | 50,392 | 50,315 | 45,893 | ||||||||||||||||||||||||||||||||||||
Tax equivalent adjustment(1) | $ | 11,157 | $ | 5,603 | $ | 5,554 | $ | 20,906 | $ | 5,236 | $ | 4,988 | $ | 5,252 | $ | 5,430 | $ | 23,551 | $ | 5,882 | $ | 6,132 | $ | 16,080 | ||||||||||||||||||||||||
Net interest income (FTE)(1) | $ | 129,983 | $ | 65,929 | $ | 64,054 | $ | 261,035 | $ | 63,334 | $ | 65,685 | $ | 66,216 | $ | 65,800 | $ | 275,410 | $ | 68,645 | $ | 71,805 | $ | 251,930 | ||||||||||||||||||||||||
Stock and related per share data: | ||||||||||||||||||||||||||||||||||||||||||||||||
Book value | $ | 14.90 | $ | 14.90 | $ | 15.20 | $ | 14.94 | $ | 14.94 | $ | 14.94 | $ | 14.97 | $ | 15.16 | $ | 15.01 | $ | 15.01 | $ | 14.92 | $ | 11.99 | ||||||||||||||||||||||||
Tangible book value | 9.00 | 9.00 | 9.28 | 8.99 | 8.99 | 9.00 | 9.10 | 9.30 | 9.16 | 9.16 | 9.04 | 9.87 | ||||||||||||||||||||||||||||||||||||
Dividends declared per share | 0.620 | 0.310 | 0.310 | 1.195 | 0.310 | 0.295 | 0.295 | 0.295 | 1.120 | 0.295 | 0.275 | 1.015 | ||||||||||||||||||||||||||||||||||||
Market price - period high | 31.98 | 29.36 | 31.98 | 39.31 | 36.50 | 36.62 | 38.17 | 39.31 | 39.52 | 39.52 | 38.89 | 39.25 | ||||||||||||||||||||||||||||||||||||
Market price - period low | 18.65 | 18.65 | 24.38 | 29.67 | 29.67 | 31.87 | 34.82 | 36.00 | 32.62 | 36.62 | 34.42 | 31.25 | ||||||||||||||||||||||||||||||||||||
Closing price at period end | $ | 18.65 | $ | 18.65 | $ | 27.77 | $ | 30.60 | $ | 30.60 | $ | 34.16 | $ | 35.51 | $ | 36.75 | $ | 38.68 | $ | 38.68 | $ | 37.89 | $ | 35.06 | ||||||||||||||||||||||||
Closing price to book value | 1.3 | 1.3 | 1.8 | 2.0 | 2.0 | 2.3 | 2.4 | 2.4 | 2.6 | 2.6 | 2.5 | 2.9 | ||||||||||||||||||||||||||||||||||||
Period end shares outstanding | 48,584 | 48,584 | 48,561 | 48,453 | 48,453 | 48,735 | 49,494 | 49,747 | 50,025 | 50,025 | 50,001 | 45,387 | ||||||||||||||||||||||||||||||||||||
Period end treasury shares | 12,742 | 12,742 | 12,765 | 12,873 | 12,873 | 12,591 | 11,832 | 11,579 | 11,301 | 11,301 | 11,325 | 11,540 | ||||||||||||||||||||||||||||||||||||
Number of shares repurchased | 5 | 1 | 4 | 1,767 | 297 | 792 | 338 | 340 | 23 | 1 | 10 | 857 | ||||||||||||||||||||||||||||||||||||
Common dividends | $ | 30,163 | $ | 15,084 | $ | 15,079 | $ | 58,765 | $ | 14,936 | $ | 14,509 | $ | 14,622 | $ | 14,698 | $ | 56,033 | $ | 14,779 | $ | 13,769 | $ | 46,238 | ||||||||||||||||||||||||
Other Key Ratios/Data: | ||||||||||||||||||||||||||||||||||||||||||||||||
Return on average equity(2) | 14.16 | % | 14.57 | % | 13.75 | % | 10.69 | % | -2.91 | % | 14.57 | % | 15.47 | % | 15.48 | % | 16.87 | % | 16.40 | % | 17.09 | % | 18.83 | % | ||||||||||||||||||||||||
Return on average assets(2) | 1.29 | % | 1.33 | % | 1.25 | % | 0.99 | % | -0.27 | % | 1.35 | % | 1.44 | % | 1.42 | % | 1.42 | % | 1.47 | % | 1.44 | % | 1.44 | % | ||||||||||||||||||||||||
Net interest margin (1) | 3.55 | % | 3.58 | % | 3.53 | % | 3.58 | % | 3.53 | % | 3.63 | % | 3.61 | % | 3.53 | % | 3.67 | % | 3.57 | % | 3.69 | % | 3.87 | % | ||||||||||||||||||||||||
Yield on average earning assets(1) | 6.05 | % | 5.81 | % | 6.29 | % | 6.82 | % | 6.67 | % | 6.91 | % | 6.86 | % | 6.83 | % | 6.67 | % | 6.81 | % | 6.79 | % | 5.87 | % | ||||||||||||||||||||||||
Cost of funds | 2.91 | % | 2.61 | % | 3.23 | % | 3.82 | % | 3.71 | % | 3.86 | % | 3.84 | % | 3.88 | % | 3.50 | % | 3.79 | % | 3.60 | % | 2.37 | % | ||||||||||||||||||||||||
Efficiency ratio(1) | 52.83 | % | 51.67 | % | 54.02 | % | 52.50 | % | 53.87 | % | 51.87 | % | 52.13 | % | 52.19 | % | 50.53 | % | 49.56 | % | 49.06 | % | 49.44 | % | ||||||||||||||||||||||||
Net noninterest expense ratio(2) | 1.17 | % | 1.13 | % | 1.21 | % | 1.09 | % | 1.14 | % | 1.06 | % | 1.04 | % | 1.12 | % | 1.13 | % | 1.00 | % | 1.04 | % | 1.25 | % | ||||||||||||||||||||||||
Effective income tax rate | 8.9 | % | 0.1 | % | 16.9 | % | 14.7 | % | 67.5 | % | 19.0 | % | 25.0 | % | 23.5 | % | 23.0 | % | 22.6 | % | 23.6 | % | 25.4 | % | ||||||||||||||||||||||||
Full time equivalent employees - end of period | 1,828 | 1,828 | 1,833 | 1,856 | 1,856 | 1,866 | 1,885 | 1,908 | 1,892 | 1,892 | 1,845 | 1,635 | ||||||||||||||||||||||||||||||||||||
Number of bank offices | 98 | 98 | 99 | 99 | 99 | 100 | 100 | 100 | 99 | 99 | 99 | 68 |
Note: Discussion of footnotes (1) and (2) are located at the end of this document.
First Midwest Bancorp, Inc.
Selected Financial Information
(Amounts in thousands, except per share data)
2008 | 2007 | 2006 | 2005 | |||||||||||||||||||||||||||||||||||||||||||||
June 30/YTD | 2nd Quarter | 1st Quarter | Dec. 31/YTD | 4th Quarter | 3rd Quarter | 2nd Quarter | 1st Quarter | Dec. 31/YTD | 4th Quarter | 3rd Quarter | Dec. 31/YTD | |||||||||||||||||||||||||||||||||||||
Parent Company Data: | ||||||||||||||||||||||||||||||||||||||||||||||||
Parent investment in subsidiaries - end of period | $ | 897,482 | $ | 897,482 | $ | 893,182 | $ | 861,841 | $ | 861,841 | $ | 870,126 | $ | 873,854 | $ | 891,359 | $ | 887,908 | $ | 887,908 | $ | 907,510 | $ | 604,112 | ||||||||||||||||||||||||
Risk-Based Capital Data: | ||||||||||||||||||||||||||||||||||||||||||||||||
Tier 1 capital | $ | 598,238 | $ | 598,238 | $ | 585,181 | $ | 572,553 | $ | 572,553 | $ | 600,083 | $ | 610,872 | $ | 603,885 | $ | 598,755 | $ | 598,755 | $ | 578,809 | $ | 581,393 | ||||||||||||||||||||||||
Tier 2 capital | 166,018 | 166,018 | 164,690 | 161,708 | 161,708 | 161,317 | 162,293 | 162,299 | 162,266 | 162,266 | 162,264 | 56,393 | ||||||||||||||||||||||||||||||||||||
Total capital | 764,256 | 764,256 | 749,871 | 734,261 | 734,261 | 761,400 | 773,165 | 766,184 | 761,021 | 761,021 | 741,073 | 637,786 | ||||||||||||||||||||||||||||||||||||
Risk-adjusted assets | $ | 6,351,708 | $ | 6,351,708 | $ | 6,365,583 | $ | 6,259,193 | $ | 6,259,193 | $ | 6,256,930 | $ | 6,190,247 | $ | 6,192,407 | $ | 6,259,983 | $ | 6,259,983 | $ | 6,363,958 | $ | 5,424,063 | ||||||||||||||||||||||||
Tier 1 capital / risk-based assets | 9.42 | % | 9.42 | % | 9.19 | % | 9.15 | % | 9.15 | % | 9.59 | % | 9.87 | % | 9.75 | % | 9.56 | % | 9.56 | % | 9.10 | % | 10.72 | % | ||||||||||||||||||||||||
Total capital / risk-based assets | 12.03 | % | 12.03 | % | 11.78 | % | 11.73 | % | 11.73 | % | 12.17 | % | 12.49 | % | 12.37 | % | 12.16 | % | 12.16 | % | 11.64 | % | 11.76 | % | ||||||||||||||||||||||||
Leverage ratio | 7.56 | % | 7.56 | % | 7.51 | % | 7.46 | % | 7.46 | % | 7.75 | % | 7.75 | % | 7.52 | % | 7.29 | % | 7.29 | % | 6.95 | % | 8.16 | % | ||||||||||||||||||||||||
Tangible capital ratio | 5.45 | % | 5.45 | % | 5.62 | % | 5.58 | % | 5.58 | % | 5.77 | % | 5.80 | % | 5.82 | % | 5.62 | % | 5.62 | % | 5.44 | % | 6.30 | % | ||||||||||||||||||||||||
Tangible capital ratio, excluding OCI | 5.90 | % | 5.90 | % | 5.73 | % | 5.73 | % | 5.73 | % | 6.25 | % | 6.26 | % | 6.03 | % | 5.81 | % | 5.81 | % | 5.46 | % | 6.41 | % | ||||||||||||||||||||||||
Tangible equity / risk-based assets | 6.88 | % | 6.88 | % | 7.08 | % | 6.96 | % | 6.96 | % | 7.01 | % | 7.28 | % | 7.47 | % | 7.32 | % | 7.32 | % | 7.10 | % | 8.26 | % | ||||||||||||||||||||||||
Loan Performance Data: | ||||||||||||||||||||||||||||||||||||||||||||||||
Nonaccrual loans: | ||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | $ | 5,222 | $ | 5,222 | $ | 6,770 | $ | 9,477 | $ | 9,477 | $ | 7,440 | $ | 8,815 | $ | 9,318 | $ | 8,803 | $ | 8,803 | $ | 9,424 | $ | 9,092 | ||||||||||||||||||||||||
Real estate - residential land and development | 11,664 | 11,664 | 4,081 | 107 | 107 | 540 | 540 | 540 | 720 | 720 | — | — | ||||||||||||||||||||||||||||||||||||
Real estate - multifamily | 3,016 | 3,016 | 1,361 | 3,480 | 3,480 | 287 | 294 | 1,774 | 1,918 | 1,918 | 1,918 | — | ||||||||||||||||||||||||||||||||||||
Real estate - other commercial | 2,010 | 2,010 | 985 | 2,004 | 2,004 | 1,936 | 2,101 | 2,172 | 1,263 | 1,263 | 3,388 | 930 | ||||||||||||||||||||||||||||||||||||
Real estate - 1-4 family | 671 | 671 | 909 | 583 | 583 | 480 | 717 | 1,405 | 1,413 | 1,413 | 1,373 | 548 | ||||||||||||||||||||||||||||||||||||
Direct consumer | 2,537 | 2,537 | 2,872 | 2,666 | 2,666 | 1,972 | 2,324 | 2,197 | 1,920 | 1,920 | 1,199 | 1,244 | ||||||||||||||||||||||||||||||||||||
Indirect consumer | 116 | 116 | 95 | 130 | 130 | 116 | 136 | 176 | 172 | 172 | 157 | 176 | ||||||||||||||||||||||||||||||||||||
Total nonaccrual loans | 25,236 | 25,236 | 17,073 | 18,447 | 18,447 | 12,771 | 14,927 | 17,582 | 16,209 | 16,209 | 17,459 | 11,990 | ||||||||||||||||||||||||||||||||||||
Renegotiated / restructured loans | 259 | 259 | 140 | 280 | 280 | — | — | — | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Nonperforming loans | 25,495 | 25,495 | 17,213 | 18,727 | 18,727 | 12,771 | 14,927 | 17,582 | 16,209 | 16,209 | 17,459 | 11,990 | ||||||||||||||||||||||||||||||||||||
Foreclosed real estate | 7,042 | 7,042 | 8,607 | 6,053 | 6,053 | 4,032 | 3,683 | 3,195 | 2,727 | 2,727 | 4,088 | 2,878 | ||||||||||||||||||||||||||||||||||||
Nonperforming assets | 32,537 | 32,537 | 25,820 | 24,780 | 24,780 | 16,803 | 18,610 | 20,777 | 18,936 | 18,936 | 21,547 | 14,868 | ||||||||||||||||||||||||||||||||||||
Loans past due 90 days + and still accruing | 37,510 | 37,510 | 33,479 | 21,149 | 21,149 | 21,421 | 19,633 | 15,603 | 12,810 | 12,810 | 11,296 | 8,958 | ||||||||||||||||||||||||||||||||||||
Reserve for loan losses (RLL): | ||||||||||||||||||||||||||||||||||||||||||||||||
RLL | $ | 66,104 | $ | 66,104 | $ | 64,780 | $ | 61,800 | $ | 61,800 | $ | 61,412 | $ | 62,391 | $ | 62,400 | $ | 62,370 | $ | 62,370 | $ | 62,370 | $ | 56,393 | ||||||||||||||||||||||||
Loan loss provision | 14,840 | 5,780 | 9,060 | 7,233 | 2,042 | 470 | 1,761 | 2,960 | 10,229 | 3,865 | 2,715 | 8,930 | ||||||||||||||||||||||||||||||||||||
Net charge-offs by category: | ||||||||||||||||||||||||||||||||||||||||||||||||
Commercial | 5,568 | 2,380 | 3,188 | 4,935 | 544 | 1,130 | 1,252 | 2,009 | 5,783 | 2,800 | 1,060 | 4,193 | ||||||||||||||||||||||||||||||||||||
Real estate - residential land and development | 697 | 138 | 559 | 231 | 17 | — | 18 | 196 | — | — | — | — | ||||||||||||||||||||||||||||||||||||
Real estate - multifamily | 1,672 | 830 | 842 | 490 | 371 | (7 | ) | 127 | (1 | ) | 1,050 | (18 | ) | 497 | — | |||||||||||||||||||||||||||||||||
Real estate - other commercial | 820 | 147 | 673 | (34 | ) | (20 | ) | 12 | (86 | ) | 60 | 344 | 296 | 14 | 1,167 | |||||||||||||||||||||||||||||||||
Real estate - 1-4 family | 280 | 104 | 176 | 145 | — | 9 | 10 | 126 | 138 | 9 | 49 | 96 | ||||||||||||||||||||||||||||||||||||
Consumer | 1,499 | 857 | 642 | 2,036 | 742 | 305 | 449 | 540 | 2,872 | 778 | 1,084 | 3,799 | ||||||||||||||||||||||||||||||||||||
Total net charge-offs | 10,536 | 4,456 | 6,080 | 7,803 | 1,654 | 1,449 | 1,770 | 2,930 | 10,187 | 3,865 | 2,704 | 9,255 | ||||||||||||||||||||||||||||||||||||
NPA ratios: | ||||||||||||||||||||||||||||||||||||||||||||||||
Nonperforming loans / loans | 0.49 | % | 0.49 | % | 0.34 | % | 0.38 | % | 0.38 | % | 0.26 | % | 0.30 | % | 0.35 | % | 0.32 | % | 0.32 | % | 0.34 | % | 0.28 | % | ||||||||||||||||||||||||
Nonperforming assets / loans + foreclosed real estate | 0.63 | % | 0.63 | % | 0.51 | % | 0.50 | % | 0.50 | % | 0.34 | % | 0.38 | % | 0.42 | % | 0.38 | % | 0.38 | % | 0.42 | % | 0.35 | % | ||||||||||||||||||||||||
Nonperforming assets + loans past due 90 days / loans + foreclosed real estate | 1.35 | % | 1.35 | % | 1.17 | % | 0.92 | % | 0.92 | % | 0.77 | % | 0.78 | % | 0.73 | % | 0.63 | % | 0.63 | % | 0.65 | % | 0.55 | % | ||||||||||||||||||||||||
Nonperforming assets / total assets | 0.39 | % | 0.39 | % | 0.31 | % | 0.31 | % | 0.31 | % | 0.21 | % | 0.23 | % | 0.25 | % | 0.22 | % | 0.22 | % | 0.25 | % | 0.21 | % | ||||||||||||||||||||||||
Loan loss ratios: | ||||||||||||||||||||||||||||||||||||||||||||||||
RLL / loans | 1.28 | % | 1.28 | % | 1.28 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.27 | % | 1.25 | % | 1.25 | % | 1.25 | % | 1.23 | % | 1.31 | % | ||||||||||||||||||||||||
RLL / nonperforming loans | 259.28 | % | 259.28 | % | 376.34 | % | 330.00 | % | 330.00 | % | 480.87 | % | 417.97 | % | 354.91 | % | 384.79 | % | 384.79 | % | 357.24 | % | 470.33 | % | ||||||||||||||||||||||||
Net charge-offs to average net loans | 0.42 | % | 0.35 | % | 0.49 | % | 0.16 | % | 0.13 | % | 0.12 | % | 0.14 | % | 0.24 | % | 0.21 | % | 0.30 | % | 0.21 | % | 0.22 | % |
Footnotes:
(1) | Tax equivalent basis reflects federal and state tax benefits. |
(2) | Annualized based on the number of days outstanding for each period presented. |