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Harris Bank Frankfort

Frankfort, IL · Cert 10814

FDIC

Q1 2005

$332.6MAssets
$293.7MLoans
$289.2MDeposits
$27.0MEquity
Loan mix
97%RE $184.4M3%C&I $5.8M0%Consumer $0.4MQ1 2004Q1 2005
Deposit mix
87%Interest-bearing $250.8M13%Noninterest $38.4MQ1 2004Q1 2005

NIM

4.91%Q1 ’034.82%Q1 ’044.92%Q1 ’05+4%-7%

Non-interest income vs. expense

2.75%Q1 ’032.45%Q1 ’042.48%Q1 ’05-7%+8%

Executive Summary

  • Earnings: ROA of 0.84%, down 21 bps year over year; NIM at 3.44%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.29%.
  • Funding: loans stand at 101.56% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

0.84%-21 bps YoY

Net Interest Margin (quarter, annualized)

3.44%-28 bps YoY

Efficiency Ratio (quarter, annualized)

62.27%+628 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets1.05%1.00%1.01%1.16%0.84%-21 bps
Return on Equity13.85%13.29%13.36%15.00%10.54%-331 bps
Net Interest Margin3.71%3.52%3.57%3.53%3.44%-28 bps
Efficiency Ratio55.98%56.23%56.51%50.64%62.27%+628 bps
Non-Interest Burden1.79%1.69%1.73%1.50%1.93%+15 bps
Growth
Asset Growth (YoY)15.81%17.44%18.40%10.21%6.12%-969 bps
Loan Growth (YoY)24.17%25.23%23.43%16.69%9.22%-1,495 bps
Deposit Growth (YoY)14.63%13.91%14.78%4.12%3.08%-1,155 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.06%0.03%0.09%0.07%0.29%+24 bps
Allowance / Loans1.15%1.15%1.15%1.17%1.15%0 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital11.43%11.26%11.36%11.55%11.87%+44 bps
Equity / Assets7.61%7.48%7.65%7.82%8.12%+51 bps
Liquidity & Funding
Loans / Deposits95.85%100.43%102.42%102.30%101.56%+570 bps
Liquid Assets / Assets0.05%0.03%0.06%0.06%0.11%+5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a