PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

First National Bank of Morton Grove

Morton Grove, IL · Cert 17064

FDIC

Q3 2001

$323.5MAssets
$189.5MLoans
$265.4MDeposits
$27.0MEquity
Loan mix
65%RE $54.4M35%C&I $29.0M0%Consumer $0.4MQ3 2000Q3 2001
Deposit mix
86%Interest-bearing $228.1M14%Noninterest $37.3MQ3 2000Q3 2001

NIM

6.90%Q1 ’016.60%Q2 ’017.30%Q3 ’01+1%+26%

Non-interest income vs. expense

1.67%Q1 ’011.63%Q2 ’011.75%Q3 ’01-7%-2%

Executive Summary

  • Earnings: ROA of 1.57%, up 35 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.29%.
  • Funding: loans stand at 71.42% of deposits as of Q3 2001.

Financial Results

Return on Assets (quarter, annualized)

1.57%+35 bps YoY

Net Interest Margin (quarter, annualized)

3.76%

Efficiency Ratio (quarter, annualized)

40.76%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets1.22%1.21%1.16%1.31%1.57%+35 bps
Return on Equityn/an/an/a16.37%19.00%n/a
Net Interest Marginn/an/a2.97%2.99%3.76%n/a
Efficiency Ration/an/a50.59%48.28%40.76%n/a
Non-Interest Burdenn/an/a1.34%1.25%1.22%n/a
Growth
Asset Growth (YoY)5.54%8.25%8.09%7.69%5.74%+20 bps
Loan Growth (YoY)-1.93%1.90%11.03%14.07%25.20%+2,713 bps
Deposit Growth (YoY)7.17%6.62%7.15%8.51%-0.91%-808 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a0.00%-0.52%0.29%n/a
Allowance / Loansn/an/a1.16%1.23%1.06%n/a
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 Capitaln/an/a12.20%12.54%11.87%n/a
Equity / Assetsn/an/a7.87%8.13%8.35%n/a
Liquidity & Funding
Loans / Deposits56.53%57.95%61.65%64.89%71.42%+1,490 bps
Liquid Assets / Assets0.00%0.00%0.05%0.05%0.05%+5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a