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

First Midwest Bancorp, Inc. Selected Financial Information (Amounts in thousands, except per share data) Exhibit 99.2

	2011												2010															2009						2008
	Sept. 30/YTD			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			4th Quarter			Dec. 31/YTD
Period-End Balance Sheet
Cash and cash equivalents	$	1,062,333		$	1,062,333		$	711,469		$	526,460		$	585,776		$	585,776		$	735,945		$	373,080		$	126,914		$	127,379		$	127,379		$	114,308
Securities available-for-sale		970,430			970,430			1,009,873			1,057,758			1,057,802			1,057,802			1,058,609			1,090,109			1,152,039			1,266,760			1,266,760			2,216,186
Securities held-to-maturity		74,375			74,375			76,142			81,218			81,320			81,320			85,687			87,843			90,449			84,182			84,182			84,306
FHLB and FRB stock		58,187			58,187			58,187			61,338			61,338			61,338			62,038			59,864			59,428			56,428			56,428			54,767
Loans held-for-sale		4,620			4,620			1,595			3,800			236			236			1,168			—			—			—			—			—
Loans:
Commercial and industrial		1,476,034			1,476,034			1,518,772			1,493,465			1,465,903			1,465,903			1,472,439			1,494,119			1,454,714			1,438,063			1,438,063			1,490,101
Agricultural		250,436			250,436			237,518			234,898			227,756			227,756			212,800			199,597			200,527			209,945			209,945		��	216,814
Commercial real estate:
Office, retail, and industrial		1,263,315			1,263,315			1,229,100			1,205,880			1,203,613			1,203,613			1,215,649			1,220,191			1,239,583			1,212,965			1,212,965			1,025,241
Multi-family		317,313			317,313			336,138			344,645			349,862			349,862			350,458			369,281			348,178			333,961			333,961			286,963
Residential construction		116,283			116,283			129,327			151,887			174,690			174,690			226,126			241,094			276,322			313,919			313,919			509,059
Commercial construction		145,889			145,889			146,679			153,392			164,472			164,472			193,041			202,041			233,662			231,518			231,518			356,575
Other commercial real estate		877,241			877,241			852,966			850,334			856,357			856,357			837,877			831,723			790,502			798,983			798,983			729,329
1-4 family mortgages		189,587			189,587			185,002			178,538			160,890			160,890			150,110			145,457			139,840			139,983			139,983			198,197
Consumer		468,396			468,396			477,409			482,504			497,017			497,017			506,166			504,844			512,546			523,909			523,909			547,784
Total loans, excluding covered loans		5,104,494			5,104,494			5,112,911			5,095,543			5,100,560			5,100,560			5,164,666			5,208,347			5,195,874			5,203,246			5,203,246			5,360,063
Covered loans		289,747			289,747			314,942			349,446			371,729			371,729			396,121			164,924			144,369			146,319			146,319			—
Allowance for loan losses		(128,791	)		(128,791	)		(137,331	)		(142,503	)		(142,572	)		(142,572	)		(144,569	)		(145,027	)		(144,824	)		(144,808	)		(144,808	)		(93,869	)
																									��
Net loans		5,265,450			5,265,450			5,290,522			5,302,486			5,329,717			5,329,717			5,416,218			5,228,244			5,195,419			5,204,757			5,204,757			5,266,194
Other real estate owned		23,863			23,863			24,407			33,863			31,069			31,069			52,044			57,023			62,565			57,137			57,137			24,368
Covered other real estate owned		21,594			21,594			14,583			21,543			22,370			22,370			24,222			10,657			8,649			8,981			8,981			—
FDIC indemnification asset		63,508			63,508			95,752			85,386			95,899			95,899			95,641			75,991			54,591			67,945			67,945			—
Investment in bank owned life insurance		205,886			205,886			198,149			197,889			197,644			197,644			198,666			198,399			198,201			197,962			197,962			198,533
Goodwill and other intangible assets		283,163			283,163			284,120			284,785			286,033			286,033			287,173			281,255			280,477			281,479			281,479			284,548
Other assets		346,765			346,765			364,592			379,791			389,098			389,098			350,412			342,624			364,175			357,662			357,662			285,131
Total assets	$	8,380,174		$	8,380,174		$	8,129,391		$	8,036,317		$	8,138,302		$	8,138,302		$	8,367,823		$	7,805,089		$	7,592,907		$	7,710,672		$	7,710,672		$	8,528,341
Deposits:
Demand deposits	$	1,634,623		$	1,634,623		$	1,494,390		$	1,346,698		$	1,329,505		$	1,329,505		$	1,284,940		$	1,188,356		$	1,129,777		$	1,133,756		$	1,133,756		$	1,040,763
Interest bearing deposits		4,991,985			4,991,985			5,001,159			5,073,196			5,181,971			5,181,971			5,392,319			4,935,209			4,734,327			4,751,523			4,751,523			4,544,991
Total deposits		6,626,608			6,626,608			6,495,549			6,419,894			6,511,476			6,511,476			6,677,259			6,123,565			5,864,104			5,885,279			5,885,279			5,585,754
Borrowed funds		386,429			386,429			272,024			273,342			303,974			303,974			323,077			328,470			387,163			691,176			691,176			1,698,334
Subordinated debt		137,751			137,751			137,748			137,746			137,744			137,744			137,741			137,739			137,737			137,735			137,735			232,409
Other liabilities		76,953			76,953			82,479			81,459			73,063			73,063			69,687			59,803			60,135			54,961			54,961			103,565
Stockholders’ equity		1,152,433			1,152,433			1,141,591			1,123,876			1,112,045			1,112,045			1,160,059			1,155,512			1,143,768			941,521			941,521			908,279
Total liabilities and stockholders’ equity	$	8,380,174		$	8,380,174		$	8,129,391		$	8,036,317		$	8,138,302		$	8,138,302		$	8,367,823		$	7,805,089		$	7,592,907		$	7,710,672		$	7,710,672		$	8,528,341
Stockholders’ equity, excluding OCI		1,163,846			1,163,846			1,156,930			1,148,249			1,139,784			1,139,784			1,169,262			1,168,315			1,162,646			960,187			960,187			926,321
Stockholders’ equity, common		959,433			959,433			948,591			930,876			919,045			919,045			967,059			962,512			950,768			748,521			748,521			715,949
Stockholders’ equity, common excluding OCI		970,846			970,846			963,930			955,249			946,784			946,784			976,262			975,315			969,646			767,187			767,187			733,991
Stockholders’ equity, preferred		193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			192,330
Trust assets under management		4,309,813			4,309,813			4,498,428			4,583,213			4,467,917			4,467,917			4,272,051			3,982,468			3,994,772			3,801,609			3,801,609			3,527,028
Average Balance Sheet
Total assets	$	8,165,768		$	8,229,780		$	8,171,095		$	8,094,951		$	8,024,654		$	8,314,634		$	8,203,617		$	7,905,364		$	7,665,781		$	8,064,109		$	7,764,163		$	8,225,440
Investment securities		1,124,360			1,057,075			1,150,221			1,166,991			1,207,036			1,139,127			1,178,794			1,213,455			1,298,832			1,747,212			1,401,889			2,200,585
FHLB and FRB stock		59,745			58,187			59,745			61,338			60,249			61,703			60,998			59,758			58,495			55,081			56,013			54,767
Total loans, excluding covered loans		5,106,955			5,136,130			5,108,234			5,075,840			5,191,154			5,155,416			5,207,419			5,204,566			5,197,499			5,348,979			5,304,690			5,149,879
Covered loans and FDIC indemnification asset		417,120			387,635			420,108			444,242			323,595			480,612			367,727			233,907			208,663			28,049			111,281			—
Other earning assets		608,956			758,030			582,570			483,252			382,023			609,391			464,793			314,480			55,275			102,801			52,324			35,310
Total interest-earning assets		7,317,136			7,397,057			7,320,878			7,231,663			7,164,057			7,446,249			7,279,731			7,026,166			6,818,764			7,282,122			6,926,197			7,440,541
Deposits:
Demand deposits		1,459,875			1,569,671			1,465,438			1,342,013			1,224,629			1,348,188			1,242,257			1,181,097			1,124,320			1,061,208			1,115,096			1,043,972
Savings deposits		928,862			940,151			944,802			901,205			815,371			864,334			832,672			803,353			759,786			751,386			744,876			792,524
NOW accounts		1,100,676			1,129,893			1,126,913			1,044,280			1,082,774			1,075,642			1,173,347			1,157,246			922,179			984,529			953,772			935,429
Money market deposits		1,227,559			1,236,546			1,205,736			1,240,439			1,199,362			1,302,325			1,226,314			1,155,889			1,110,519			937,766			1,079,943			787,218
Core transactional deposits		4,716,972			4,876,261			4,742,889			4,527,937			4,322,136			4,590,489			4,474,590			4,297,585			3,916,804			3,734,889			3,893,687			3,559,143
Time deposits		1,826,732			1,731,413			1,813,164			1,937,890			1,991,637			2,069,389			2,022,721			1,916,116			1,956,745			2,001,207			2,008,727			2,172,379
Total deposits		6,543,704			6,607,674			6,556,053			6,465,827			6,313,773			6,659,878			6,497,311			6,213,701			5,873,549			5,736,096			5,902,414			5,731,522
Borrowed funds		270,037			262,001			262,525			285,847			359,174			281,050			337,905			342,808			477,323			1,118,792			661,976			1,438,908
Subordinated debt		137,747			137,749			137,747			137,745			137,739			137,743			137,740			137,738			137,736			208,621			143,816			231,961
Total funding sources		6,951,488			7,007,424			6,956,325			6,889,419			6,810,686			7,078,671			6,972,956			6,694,247			6,488,608			7,063,509			6,708,206			7,402,391
Stockholders’ equity		1,135,307			1,148,548			1,134,770			1,122,315			1,148,219			1,156,263			1,163,661			1,152,394			1,119,866			927,673			983,595			764,731
Stockholders’ equity, common		942,307			955,548			941,770			929,315			955,219			963,263			970,661			959,394			926,866			734,673			790,595			750,497
Stockholders’ equity, preferred		193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			14,234

First Midwest Bancorp, Inc.

Selected Financial Information

(Amounts in thousands, except per share data)

	2011												2010																2009						2008
	Sept. 30/YTD			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			4th Quarter			3rd Quarter			2nd Quarter				1st Quarter			Dec. 31/YTD			4th Quarter			Dec. 31/YTD
Income Statement
Interest income	$	242,754		$	80,175		$	81,296		$	81,283		$	328,867		$	82,476		$	82,338		$	82,274			$	81,779		$	341,751		$	82,370		$	409,207
Interest expense		30,212			9,640			9,935			10,637			49,518			10,897			12,125			12,655				13,841			90,219			16,429			162,610
Net interest income		212,542			70,535			71,361			70,646			279,349			71,579			70,213			69,619				67,938			251,532			65,941			246,597
Provision for loan losses		58,680			20,425			18,763			19,492			147,349			73,897			33,576			21,526				18,350			215,672			93,000			70,254
Service charges on deposit accounts		27,922			10,215			9,563			8,144			35,884			9,202			9,249			9,052				8,381			38,754			9,977			44,987
Trust and investment advisory fees		12,180			3,946			4,118			4,116			15,063			4,040			3,728			3,702				3,593			14,059			3,704			15,130
Other service charges, commissions, and fees		15,601			5,325			5,362			4,914			18,238			4,506			4,932			4,628				4,172			16,529			4,280			18,846
Card-based fees		14,622			4,931			5,162			4,529			17,577			4,640			4,547			4,497				3,893			15,826			4,000			16,143
Total fee-based revenue		70,325			24,417			24,205			21,703			86,762			22,388			22,456			21,879				20,039			85,168			21,961			95,106
Bank owned life insurance income		1,990			1,479			259			252			1,560			696			267			349				248			2,263			281			(2,369	)
Security gains (losses), net		2,520			449			1,531			540			12,216			1,662			6,376			1,121				3,057			2,110			(5,772	)		(35,611	)
Gains on FDIC-assisted transactions		—			—			—			—			4,303			—			—			4,303				—			13,071			13,071			—
Gains on early extinguishment of debt		—			—			—			—			—			—			—			—				—			15,258			1,267			—
Other		467			(1,754	)		499			1,722			3,710			1,421			1,654			(342	)			977			5,132			939			(3,119	)
Total noninterest income		75,302			24,591			26,494			24,217			108,551			26,167			30,753			27,310				24,321			123,002			31,747			54,007
Salaries and employee benefits		92,668			28,887			31,258			32,523			114,378			31,028			29,926			26,540				26,884			106,548			27,592			99,910
Net occupancy and equipment expense		25,272			8,157			8,012			9,103			32,218			7,916			8,326			7,808				8,168			31,724			7,661			33,334
FDIC premiums		6,232			1,799			1,708			2,725			10,880			2,967			2,835			2,546				2,532			13,673			2,720			1,065
Losses realized on OREO		8,261			2,611			3,423			2,227			40,480			15,412			8,265			8,924				7,879			18,554			14,051			1,566
Other real estate expense, net		5,067			1,563			1,800			1,704			9,554			2,408			1,312			2,926				2,908			4,905			1,642			1,843
Other intangibles amortization		2,870			957			956			957			4,278			1,139			1,107			1,029				1,003			3,929			994			4,378
Other expenses		54,057			19,907			18,266			15,884			66,991			16,204			17,006			17,682				16,099			55,455			15,861			52,209
Total noninterest expense		194,427			63,881			65,423			65,123			278,779			77,074			68,777			67,455				65,473			234,788			70,521			194,305
Income before income tax		34,737			10,820			13,669			10,248			(38,228	)		(53,225	)		(1,387	)		7,948				8,436			(75,926	)		(65,833	)		36,045
Income tax		4,575			1,704			2,841			30			(28,544	)		(25,066	)		(3,972	)		139				355			(50,176	)		(28,342	)		(13,291	)
Net income	$	30,162		$	9,116		$	10,828		$	10,218		$	(9,684	)	$	(28,159	)	$	2,585		$	7,809		��	$	8,081		$	(25,750	)	$	(37,491	)	$	49,336
Net income applicable to common shares	$	22,075		$	6,434		$	8,144		$	7,497		$	(19,717	)	$	(30,327	)	$	11		$	5,171			$	5,428		$	(35,551	)	$	(39,542	)	$	48,482
Basic earnings per common share	$	0.30		$	0.09		$	0.11		$	0.10		$	(0.27	)	$	(0.41	)	$	0.00		$	0.07			$	0.08		$	(0.71	)	$	(0.73	)	$	1.00
Diluted earnings per common share	$	0.30		$	0.09		$	0.11		$	0.10		$	(0.27	)	$	(0.41	)	$	0.00		$	0.07			$	0.08		$	(0.71	)	$	(0.73	)	$	1.00
Weighted average shares outstanding		73,258			73,361			73,259			73,151			72,422			73,085			73,072			73,028				70,469			50,034			54,152			48,462
Weighted average diluted shares outstanding		73,258			73,361			73,259			73,151			72,422			73,085			73,072			73,028				70,469			50,034			54,152			48,515
Tax equivalent adjustment(1)	$	10,479		$	3,395		$	3,517		$	3,567		$	16,312		$	3,742		$	4,053		$	4,265			$	4,252		$	19,658		$	4,448		$	22,225
Net interest income (FTE)(1)	$	223,021		$	73,930		$	74,878		$	74,213		$	295,661		$	75,321		$	74,266		$	73,884			$	72,190		$	271,190		$	70,389		$	268,822
Common stock and related per common share data:
Book value	$	12.88		$	12.88		$	12.74		$	12.49		$	12.40		$	12.40		$	13.06		$	13.00			$	12.84		$	13.66		$	13.66		$	14.72
Tangible book value		9.08			9.08			8.92			8.67			8.54			8.54			9.18			9.20				9.05			8.52			8.52			8.87
Dividends declared per share		0.030			0.010			0.010			0.010			0.040			0.010			0.010			0.010				0.010			0.040			0.010			1.155
Market price - period high		13.48			12.72			13.48			13.07			17.95			13.13			13.43			17.95				14.43			20.25			11.50			40.09
Market price - period low		7.22			7.22			11.05			10.79			9.26			9.26			10.72			12.10				10.37			5.94			9.09			13.56
Closing price at period end	$	7.32		$	7.32		$	12.29		$	11.79		$	11.52		$	11.52		$	11.53		$	12.16			$	13.55		$	10.89		$	10.89		$	19.97
Closing price to book value		0.6			0.6			1.0			0.9			0.9			0.9			0.9			0.9				1.1			0.8			0.8			1.4
Period end shares outstanding		74,485			74,485			74,473			74,543			74,096			74,096			74,057			74,049				74,046			54,793			54,793			48,630
Period end treasury shares		11,302			11,302			11,314			11,244			11,691			11,691			11,730			11,738				11,741			12,176			12,176			12,696
Number of shares repurchased		—			—			—			—			—			—			—			—				—			—			—			5
Common dividends	$	2,234		$	745		$	743		$	746		$	2,965		$	741		$	743		$	741			$	740		$	2,020		$	492		$	56,206
Preferred dividends	$	7,238		$	2,413		$	2,412		$	2,413		$	9,650		$	2,413		$	2,412		$	2,412			$	2,413		$	9,650		$	2,413		$	670
Other Key Ratios/Data:
Return on average common equity(2)		3.13	%		2.67	%		3.47	%		3.27	%		-2.06	%		-12.49	%		0.00	%		2.16	%			2.38	%		-4.84	%		-19.84	%		6.46	%
Return on average assets(2)		0.49	%		0.44	%		0.53	%		0.51	%		-0.12	%		-1.34	%		0.13	%		0.40	%			0.43	%		-0.32	%		-1.92	%		0.60	%
Net interest margin(1)		4.07	%		3.97	%		4.10	%		4.15	%		4.13	%		4.02	%		4.05	%		4.21	%			4.28	%		3.72	%		4.04	%		3.61	%
Yield on average earning assets(1)		4.63	%		4.49	%		4.64	%		4.75	%		4.82	%		4.60	%		4.72	%		4.94	%			5.10	%		4.96	%		4.98	%		5.80	%
Cost of funds		0.74	%		0.70	%		0.73	%		0.78	%		0.89	%		0.75	%		0.84	%		0.92	%			1.05	%		1.50	%		1.17	%		2.56	%
Efficiency ratio(1)		60.95	%		60.27	%		60.19	%		62.40	%		58.84	%		59.08	%		59.91	%		57.92	%			58.41	%		57.86	%		58.48	%		53.49	%
Net noninterest expense ratio(2)		1.99	%		1.92	%		1.99	%		2.08	%		2.33	%		2.51	%		2.15	%		2.31	%			2.34	%		1.76	%		2.42	%		1.27	%
Effective income tax rate		13.17	%		15.75	%		20.78	%		0.29	%		74.67	%		47.09	%		286.37	%		1.75	%			4.21	%		66.09	%		43.05	%		-36.87	%
Full time equivalent employees - end of period		1,833			1,833			1,846			1,845			1,838			1,838			1,884			1,762				1,729			1,739			1,739			1,809
Number of bank offices		96			96			96			97			98			98			100			95				94			94			94			97
Number of automated teller machines		133			133			135			136			137			137			129			131				129			127			127			129

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)

	2011												2010															2009						2008
	Sept. 30/YTD			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			4th Quarter			Dec. 31/YTD
Pre-Tax, Pre-Provision Operating Earnings
Income before income tax	$	34,737		$	10,820		$	13,669		$	10,248		$	(38,228	)	$	(53,225	)	$	(1,387	)	$	7,948		$	8,436		$	(75,926	)	$	(65,833	)	$	36,045
Provision for credit losses		58,680			20,425			18,763			19,492			147,349			73,897			33,576			21,526			18,350			215,672			93,000			70,254
Pre-tax, pre-provision earnings		93,417			31,245			32,432			29,740			109,121			20,672			32,189			29,474			26,786			139,746			27,167			106,299
Non-operating items:
Security gains (losses), net		2,520			449			1,531			540			12,216			1,662			6,376			1,121			3,057			2,110			(5,772	)		(35,611	)
Gains on FDIC-assisted transactions		—			—			—			—			4,303			—			—			4,303			—			13,071			13,071			—
Integration costs associated with FDIC-assisted transactions		—			—			—			—			(3,324	)		(576	)		(847	)		(1,772	)		(129	)		—			—			—
Gains on early extinguishment of debt		—			—			—			—			—			—			—			—			—			15,258			1,267			—
BOLI write-downs		—			—			—			—			—			—			—			—			—			—			—			(10,360	)
Losses realized on OREO		(8,261	)		(2,611	)		(3,423	)		(2,227	)		(40,480	)		(15,412	)		(8,265	)		(8,924	)		(7,879	)		(18,554	)		(14,051	)		(1,566	)
FDIC special deposit insurance assessment		—			—			—			—			—			—			—			—			—			(3,500	)		—			—
Total non-operating items		(5,741	)		(2,162	)		(1,892	)		(1,687	)		(27,285	)		(14,326	)		(2,736	)		(5,272	)		(4,951	)		8,385			(5,485	)		(47,537	)
Pre-tax, pre-provision operating earnings	$	99,158		$	33,407		$	34,324		$	31,427		$	136,406		$	34,998		$	34,925		$	34,746		$	31,737		$	131,361		$	32,652		$	153,836
Parent Company Data:
Parent investment in subsidiaries - end of period	$	1,181,190		$	1,181,190		$	1,174,139		$	1,190,525		$	1,173,342		$	1,173,342		$	1,216,074		$	1,204,551		$	1,188,859		$	1,008,836		$	1,008,836		$	921,548
Risk-Based Capital Data:
Preferred stock	$	191,393		$	191,393		$	191,220		$	191,050		$	190,882		$	190,882		$	190,716		$	190,553		$	190,392		$	190,233		$	190,233		$	189,617
Common stock		858			858			858			858			858			858			858			858			858			670			670			613
Accumulated paid in capital		425,647			425,647			424,877			422,405			437,550			437,550			436,774			435,605			434,704			252,322			252,322			210,698
Retained earnings		807,857			807,857			802,072			794,569			787,678			787,678			819,157			819,890			815,395			810,626			810,626			837,390
Treasury stock		(261,909	)		(261,909	)		(262,097	)		(260,633	)		(277,184	)		(277,184	)		(278,243	)		(278,591	)		(278,703	)		(293,664	)		(293,664	)		(311,997	)
Trust preferred securities		84,730			84,730			84,730			84,730			84,730			84,730			84,730			84,730			84,730			84,730			84,730			125,000
Minority interest		—			—			—			—			—			—			1			1			3			5			5			111
Unrealized loss on equity securities		—			—			—			—			—			—			—			—			—			—			—			(126	)
Intangible assets		(283,163	)		(283,163	)		(284,120	)		(284,785	)		(286,033	)		(286,033	)		(287,173	)		(281,255	)		(280,477	)		(281,479	)		(281,479	)		(284,548	)
Disallowed deferred tax assets		(44,858	)		(44,858	)		(41,363	)		(43,392	)		(41,071	)		(41,071	)		(13,662	)		(1,761	)		—			—			—			—
Tier 1 capital		920,555			920,555			916,177			904,802			897,410			897,410			953,158			970,030			966,902			763,443			763,443			766,758
Tier 2 capital		129,277			129,277			129,595			130,033			130,351			130,351			131,564			130,949			131,114			131,836			131,836			182,675
Total capital	$	1,049,832		$	1,049,832		$	1,045,772		$	1,034,835		$	1,027,761		$	1,027,761		$	1,084,722		$	1,100,979		$	1,098,016		$	895,279		$	895,279		$	949,433
Risk-adjusted assets	$	6,244,066		$	6,244,066		$	6,261,926		$	6,291,984		$	6,317,744		$	6,317,744		$	6,416,082		$	6,361,397		$	6,372,521		$	6,424,597		$	6,424,597		$	6,609,359
Tier 1 common capital		642,825			642,825			638,447			627,072			619,680			619,680			675,428			692,300			689,172			485,713			485,713			449,428
Tangible common equity		676,270			676,270			664,471			646,091			633,012			633,012			679,886			681,257			670,291			467,042			467,042			431,401
Tangible common equity excluding OCI		687,683			687,683			679,810			670,464			660,751			660,751			689,089			694,060			689,169			485,708			485,708			449,443
Adjusted average assets		7,909,645			7,909,645			7,862,447			7,795,895			8,002,186			8,002,186			7,909,998			7,640,068			7,404,963			7,496,478			7,496,478			8,146,655
Total capital / risk-weighted assets		16.81	%		16.81	%		16.70	%		16.45	%		16.27	%		16.27	%		16.91	%		17.31	%		17.23	%		13.94	%		13.94	%		14.36	%
Tier 1 capital / risk-weighted assets		14.74	%		14.74	%		14.63	%		14.38	%		14.20	%		14.20	%		14.86	%		15.25	%		15.17	%		11.88	%		11.88	%		11.60	%
Leverage ratio		11.64	%		11.64	%		11.65	%		11.61	%		11.21	%		11.21	%		12.05	%		12.70	%		13.06	%		10.18	%		10.18	%		9.41	%
Tier 1 common capital / risk-weighted assets		10.29	%		10.29	%		10.20	%		9.97	%		9.81	%		9.81	%		10.53	%		10.88	%		10.81	%		7.56	%		7.56	%		6.79	%
Tangible common equity ratio		8.35	%		8.35	%		8.47	%		8.34	%		8.06	%		8.06	%		8.41	%		9.05	%		9.17	%		6.29	%		6.29	%		5.23	%
Tangible common equity ratio, excluding OCI		8.49	%		8.49	%		8.67	%		8.65	%		8.41	%		8.41	%		8.53	%		9.22	%		9.42	%		6.54	%		6.54	%		5.45	%
Tangible common equity / risk-weighted assets		10.83	%		10.83	%		10.61	%		10.27	%		10.02	%		10.02	%		10.60	%		10.71	%		10.52	%		7.27	%		7.27	%		6.53	%

First Midwest Bancorp, Inc.

Selected Financial Information

(Amounts in thousands, except per share data)

	2011												2010															2009							2008
	Sept. 30/YTD			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			4th Quarter				Dec. 31/YTD
Asset Quality Performance Data:
Ending loans, excluding covered loans		5,104,494			5,104,494			5,112,911			5,095,543			5,100,560			5,100,560			5,164,666			5,208,347			5,195,874			5,203,246			5,203,246				5,360,063
Average loans, excluding covered loans		5,106,955			5,136,130			5,108,234			5,075,840			5,191,154			5,155,416			5,207,419			5,204,566			5,197,499			5,348,979			5,304,690		��		5,149,879
Non-accrual loans:
Commercial and industrial	$	30,507		$	30,507		$	44,393		$	54,561		$	50,088		$	50,088		$	40,955		$	39,942		$	38,095		$	28,193		$	28,193			$	15,586
Agricultural		2,977			2,977			1,009			1,171			2,497			2,497			3,495			1,139			2,532			2,673			2,673				12
Commercial real estate:
Office, retail, and industrial		24,728			24,728			16,567			16,753			19,573			19,573			21,721			17,170			18,204			21,396			21,396				2,533
Multi-family		18,196			18,196			23,385			6,787			6,203			6,203			6,813			7,904			8,349			12,486			12,486				1,387
Residential construction		20,911			20,911			23,576			36,326			52,122			52,122			61,050			71,148			93,412			112,798			112,798				97,060
Commercial construction		15,672			15,672			21,449			20,980			28,685			28,685			21,471			20,457			20,023			20,864			20,864				2,092
Other commercial real estate		45,727			45,727			36,984			38,732			40,605			40,605			44,516			21,950			21,806			32,357			32,357				4,822
1-4 family mortgages		4,648			4,648			4,577			3,362			3,902			3,902			3,310			5,706			5,826			5,819			5,819				857
Consumer		7,823			7,823			5,555			7,891			8,107			8,107			8,035			8,273			7,826			7,629			7,629				3,419
Total non-accrual loans		171,189			171,189			177,495			186,563			211,782			211,782			211,366			193,689			216,073			244,215			244,215				127,768
Loans past due 90 days and still accruing		6,008			6,008			6,502			5,231			4,244			4,244			9,136			6,280			7,995			4,079			4,079				36,999
Total non-performing loans		177,197			177,197			183,997			191,794			216,026			216,026			220,502			199,969			224,068			248,294			248,294				164,767
Restructured, accruing loans		7,033			7,033			14,529			14,120			22,371			22,371			11,002			9,030			5,168			30,553			30,553				7,344
Other real estate owned		23,863			23,863			24,407			33,863			31,069			31,069			52,044			57,023			62,565			57,137			57,137				24,368
Total non-performing assets		208,093			208,093			222,933			239,777			269,466			269,466			283,548			266,022			291,801			335,984			335,984				196,479
Loans past due 30-89 days and still accruing		34,061			34,061			30,424			28,927			23,646			23,646			41,590			32,012			28,018			37,912			37,912				116,206
Allowance for credit losses:
Allowance for loan losses	$	128,791		$	128,791		$	137,331		$	142,503		$	142,572		$	142,572		$	144,569		$	145,027		$	144,824		$	144,808		$	144,808			$	93,869
Reserve for unfunded commitments		2,500			2,500			2,500			2,500			2,500			2,500			450			450			—			—			—				—
Total allowance for credit losses		131,291			131,291			139,831			145,003			145,072			145,072			145,019			145,477			144,824			144,808			144,808				93,869
Loan loss provision		58,680			20,425			18,763			19,492			147,349			73,897			33,576			21,526			18,350			215,672			93,000				70,254
Net charge-offs by category:
Commercial and industrial		18,878			10,165			5,585			3,128			30,602			10,198			13,262			2,679			4,463			55,004			23,320				13,026
Agricultural		985			177			799			9			1,301			125			489			546			141			180			180				38
Commercial real estate:
Office, retail, and industrial		4,335			2,543			609			1,183			9,710			2,888			2,825			2,353			1,644			7,856			3,265				732
Multi-family		9,371			2,170			6,652			549			2,425			1,206			222			485			512			3,483			2,325				1,796
Residential construction		8,567			2,250			899			5,418			54,841			35,935			4,460			9,994			4,452			62,642			38,315				15,780
Commercial construction		4,509			4,115			133			261			8,356			7,743			228			115			270			3,220			2,714				—
Other commercial real estate		11,886			4,421			2,107			5,358			28,375			12,202			10,217			1,507			4,449			18,297			9,137				1,248
1-4 family mortgages		906			320			340			246			982			238			363			261			120			930			168				576
Consumer		6,800			1,780			2,703			2,317			8,918			2,374			1,979			2,282			2,283			13,121			3,037				4,989
Net charge-offs, excluding covered assets		66,237			27,941			19,827			18,469			145,510			72,909			34,045			20,222			18,334			164,733			82,461				38,185
Charge-offs on covered assets		6,224			1,024			4,108			1,092			1,575			935			(11	)		651			—			—			—				—
Total net charge-offs		72,461			28,965			23,935			19,561			147,085			73,844			34,034			20,873			18,334			164,733			82,461				38,185
Asset Quality ratios:
Non-accrual loans / loans		3.35	%		3.35	%		3.47	%		3.66	%		4.15	%		4.15	%		4.09	%		3.72	%		4.16	%		4.69	%		4.69	%			2.38	%
Non-performing loans / loans		3.47	%		3.47	%		3.60	%		3.76	%		4.24	%		4.24	%		4.27	%		3.84	%		4.31	%		4.77	%		4.77	%			3.07	%
Non-performing assets / loans plus OREO		4.06	%		4.06	%		4.34	%		4.67	%		5.25	%		5.25	%		5.44	%		5.05	%		5.55	%		6.39	%		6.39	%			3.65	%
Non-performing assets / tangible common equity plus allowance for credit losses		25.77	%		25.77	%		27.72	%		30.31	%		34.63	%		34.63	%		34.37	%		32.18	%		35.80	%		54.91	%		54.91	%			37.41	%
Non-accrual loans / total assets		2.04	%		2.04	%		2.18	%		2.32	%		2.60	%		2.60	%		2.53	%		2.48	%		2.85	%		3.17	%		3.17	%			1.50	%
Loan loss ratios:
Allowance for credit losses / loans		2.57	%		2.57	%		2.73	%		2.85	%		2.84	%		2.84	%		2.81	%		2.79	%		2.79	%		2.78	%		2.78	%			1.75	%
Allowance for credit losses / non-accrual loans		76.69	%		76.69	%		78.78	%		77.72	%		68.50	%		68.50	%		68.61	%		75.11	%		67.03	%		59.30	%		59.30	%			73.47	%
Allowance for credit losses / non-performing loans		74.09	%		74.09	%		76.00	%		75.60	%		67.15	%		67.15	%		65.77	%		72.75	%		1			58.32	%		58.32	%			56.97	%
Net charge-offs to average net loans		1.73	%		2.16	%		1.56	%		1.48	%		2.80	%		5.61	%		2.59	%		1.56	%		1.43	%		3.08	%		6.17	%			0.74	%

Footnotes:

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

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