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Harris Bank Argo

Summit, IL · Cert 17321

FDIC

Q1 2005

$433.6MAssets
$367.0MLoans
$393.0MDeposits
$32.2MEquity
Loan mix
96%RE $206.5M4%C&I $8.6M0%Consumer $0.4MQ1 2004Q1 2005
Deposit mix
87%Interest-bearing $343.2M13%Noninterest $49.7MQ1 2004Q1 2005

NIM

4.73%Q1 ’034.55%Q1 ’044.61%Q1 ’05+12%-11%

Non-interest income vs. expense

2.77%Q1 ’032.58%Q1 ’042.52%Q1 ’05-3%-2%

Executive Summary

  • Earnings: ROA of 0.67%, down 21 bps year over year; NIM at 3.18%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.19%.
  • Funding: loans stand at 93.38% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

0.67%-21 bps YoY

Net Interest Margin (quarter, annualized)

3.18%-40 bps YoY

Efficiency Ratio (quarter, annualized)

67.58%+521 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.88%0.97%0.99%0.80%0.67%-21 bps
Return on Equity11.39%12.44%12.83%10.42%8.98%-240 bps
Net Interest Margin3.57%3.56%3.58%3.39%3.18%-40 bps
Efficiency Ratio62.36%59.49%59.29%64.51%67.58%+521 bps
Non-Interest Burden2.01%1.86%1.85%1.97%1.97%-5 bps
Growth
Asset Growth (YoY)1.96%-1.49%-0.29%6.06%7.73%+577 bps
Loan Growth (YoY)20.82%8.96%9.94%9.50%5.21%-1,561 bps
Deposit Growth (YoY)-1.06%-1.06%-1.86%6.62%10.13%+1,120 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.03%0.45%0.11%0.07%0.19%+16 bps
Allowance / Loans1.01%0.96%0.97%0.95%0.96%-5 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 Capital11.55%11.71%11.52%11.38%11.48%-7 bps
Equity / Assets7.77%7.75%7.73%7.55%7.43%-34 bps
Liquidity & Funding
Loans / Deposits97.75%97.48%100.18%97.38%93.38%-437 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a