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Letter portraitLegal landscapeQuarterYTD

Pullman Bank and Trust Company

Chicago, IL · Cert 11677

FDIC

Q3 2009

$4.7BAssets
$3.8BLoans
$3.7BDeposits
$368.9MEquity
Loan mix
92%RE $2.1B8%C&I $0.2B0%Consumer $0.0BQ3 2008Q3 2009
Deposit mix
94%Interest-bearing $3.5B6%Noninterest $0.2BQ3 2008Q3 2009

NIM

7.38%Q3 ’075.92%Q3 ’084.89%Q3 ’09-11%-6%

Non-interest income vs. expense

2.19%Q3 ’071.94%Q3 ’082.47%Q3 ’09-27%+65%

Executive Summary

  • Earnings: ROA of -0.77%, up 51 bps year over year; NIM at 3.31%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.87%.
  • Funding: loans stand at 101.12% of deposits as of Q3 2009.

Financial Results

Return on Assets (YTD, annualized)

-0.77%+51 bps YoY

Net Interest Margin (YTD, annualized)

3.31%-23 bps YoY

Efficiency Ratio (YTD, annualized)

63.55%+1,892 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2008Q4 2008Q1 2009Q2 2009Q3 2009YoY ΔTrend
Earnings
Return on Assets-1.28%-0.87%0.59%-0.41%-0.77%+51 bps
Return on Equity-12.63%-8.98%7.37%-5.14%-9.71%+293 bps
Net Interest Margin3.54%3.59%3.67%3.46%3.31%-23 bps
Efficiency Ratio44.63%47.47%53.20%58.56%63.55%+1,892 bps
Non-Interest Burden1.17%1.35%1.81%1.81%1.93%+76 bps
Growth
Asset Growth (YoY)23.47%15.23%8.86%4.68%-0.34%-2,381 bps
Loan Growth (YoY)21.99%18.28%12.15%4.09%-2.34%-2,432 bps
Deposit Growth (YoY)-0.49%-5.81%0.84%15.41%20.76%+2,124 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.12%0.20%1.61%2.12%2.87%+275 bps
Allowance / Loans1.55%1.52%1.37%2.00%2.04%+49 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 Capital8.90%9.15%9.60%9.66%9.03%+13 bps
Equity / Assets8.58%8.03%8.00%7.94%7.88%-70 bps
Liquidity & Funding
Loans / Deposits125.03%137.15%135.19%113.02%101.12%-2,391 bps
Liquid Assets / Assets0.08%0.07%1.66%3.30%2.69%+261 bps
CRE / Total Capitaln/an/an/an/an/an/an/a