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First Commercial Bank

Chicago, IL · Cert 16488

FDIC

Q4 2010

$268.6MAssets
$228.7MLoans
$218.6MDeposits
$25.8MEquity
Deposit mix
82%Interest-bearing $180.0M18%Noninterest $38.6MQ4 2009Q4 2010

NIM

6.08%Q4 ’084.58%Q4 ’094.58%Q4 ’10-17%+20%

Non-interest income vs. expense

3.16%Q4 ’082.36%Q4 ’094.13%Q4 ’10-27%+130%

Executive Summary

  • Earnings: ROA of -4.63%, up 658 bps year over year; NIM at 3.96%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 9.55%.
  • Funding: loans stand at 104.62% of deposits as of Q4 2010.

Financial Results

Return on Assets (quarter, annualized)

-4.63%+658 bps YoY

Net Interest Margin (quarter, annualized)

3.96%+67 bps YoY

Efficiency Ratio (quarter, annualized)

126.59%+6,024 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2009Q1 2010Q2 2010Q3 2010Q4 2010YoY ΔTrend
Earnings
Return on Assets-11.21%-7.99%-3.25%-4.37%-4.63%+658 bps
Return on Equity-124.70%-95.47%-40.17%-51.32%-51.58%+7,312 bps
Net Interest Margin3.29%3.66%3.94%3.91%3.96%+67 bps
Efficiency Ratio66.35%129.14%117.00%-914%126.59%+6,024 bps
Non-Interest Burden2.10%4.81%4.56%2.67%4.83%+273 bps
Growth
Asset Growth (YoY)-2.90%-9.08%-8.60%-14.45%-14.80%-1,190 bps
Loan Growth (YoY)-2.96%-10.78%-14.60%-12.70%-15.81%-1,285 bps
Deposit Growth (YoY)-13.83%-11.85%-2.21%-6.09%-5.53%+830 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans23.99%1.09%11.51%11.76%9.55%-1,444 bps
Allowance / Loans1.18%4.19%2.84%2.58%2.23%+104 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 Capital11.60%9.56%12.44%11.51%13.23%+164 bps
Equity / Assets9.18%7.53%8.66%8.37%9.61%+44 bps
Liquidity & Funding
Loans / Deposits117.39%111.97%101.33%102.67%104.62%-1,278 bps
Liquid Assets / Assets2.94%2.98%1.23%1.64%1.74%-120 bps
CRE / Total Capitaln/an/an/an/an/an/an/a