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Harris Bank Marengo

Marengo, IL · Cert 1813

FDIC

Q1 2005

$99.2MAssets
$83.3MLoans
$73.9MDeposits
$8.6MEquity
Loan mix
97%RE $62.1M3%C&I $2.0M0%Consumer $0.1MQ1 2004Q1 2005
Deposit mix
88%Interest-bearing $65.2M12%Noninterest $8.7MQ1 2004Q1 2005

NIM

5.17%Q1 ’034.65%Q1 ’044.90%Q1 ’05+0%-7%

Non-interest income vs. expense

3.51%Q1 ’033.20%Q1 ’042.77%Q1 ’05-4%-14%

Executive Summary

  • Earnings: ROA of 0.73%, up 16 bps year over year; NIM at 3.24%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.08%.
  • Funding: loans stand at 112.71% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

0.73%+16 bps YoY

Net Interest Margin (quarter, annualized)

3.24%-25 bps YoY

Efficiency Ratio (quarter, annualized)

71.07%-433 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.57%0.76%1.02%0.87%0.73%+16 bps
Return on Equity6.45%8.39%11.03%9.71%8.47%+202 bps
Net Interest Margin3.49%3.56%3.57%3.43%3.24%-25 bps
Efficiency Ratio75.40%72.82%64.10%67.52%71.07%-433 bps
Non-Interest Burden2.44%2.36%1.94%2.07%2.11%-34 bps
Growth
Asset Growth (YoY)2.87%-2.36%-0.80%4.72%6.27%+339 bps
Loan Growth (YoY)6.94%3.68%6.06%3.30%1.06%-588 bps
Deposit Growth (YoY)-3.15%-2.64%-7.75%-2.70%-3.92%-77 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.13%0.05%0.01%0.18%-0.08%+4 bps
Allowance / Loans1.18%1.19%1.15%1.11%1.14%-4 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 Capital12.13%12.54%12.75%12.35%12.46%+33 bps
Equity / Assets8.97%9.22%9.29%8.60%8.70%-27 bps
Liquidity & Funding
Loans / Deposits107.16%101.70%106.49%108.00%112.71%+555 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