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Unionbank/West

Macomb, IL · Cert 12116

FDIC

Q4 2003

$159.9MAssets
$76.7MLoans
$131.1MDeposits
$15.1MEquity
Loan mix
63%RE $25.8M37%C&I $14.9M0%Consumer $0.0MQ4 2002Q4 2003
Deposit mix
92%Interest-bearing $120.4M8%Noninterest $10.7MQ4 2002Q4 2003

NIM

7.10%Q4 ’015.67%Q4 ’025.01%Q4 ’03-3%-9%

Non-interest income vs. expense

2.51%Q4 ’012.02%Q4 ’022.19%Q4 ’03-17%-4%

Executive Summary

  • Earnings: ROA of -1.63%, down 261 bps year over year; NIM at 2.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.77%.
  • Funding: loans stand at 58.49% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

-1.63%-261 bps YoY

Net Interest Margin (YTD, annualized)

2.96%-30 bps YoY

Efficiency Ratio (YTD, annualized)

59.76%+559 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets0.98%0.95%0.29%-1.55%-1.63%-261 bps
Return on Equity9.06%8.74%2.61%-14.66%-15.69%-2,475 bps
Net Interest Margin3.26%3.26%3.19%3.04%2.96%-30 bps
Efficiency Ratio54.17%50.27%53.67%56.50%59.76%+559 bps
Non-Interest Burden1.65%1.38%1.47%1.51%1.59%-6 bps
Growth
Asset Growth (YoY)13.77%3.76%2.29%-6.32%-9.35%-2,312 bps
Loan Growth (YoY)-1.36%-5.21%-8.98%-14.75%-27.58%-2,621 bps
Deposit Growth (YoY)20.87%3.69%-5.78%-7.25%-10.72%-3,159 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.39%0.44%0.75%4.10%4.77%+438 bps
Allowance / Loans1.19%1.34%2.12%4.06%5.92%+473 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 Capital12.84%13.58%13.65%12.44%13.10%+27 bps
Equity / Assets10.52%11.22%11.17%9.49%9.43%-109 bps
Liquidity & Funding
Loans / Deposits72.10%74.53%80.17%67.86%58.49%-1,361 bps
Liquid Assets / Assets0.01%0.01%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a