PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Mutual Bank

Harvey, IL · Cert 18659

FDIC

Q2 2009

$1.6BAssets
$1.3BLoans
$1.5BDeposits
$-26KEquity
Loan mix
94%RE $956.1M6%C&I $56.2M0%Consumer $0.0MQ2 2008Q2 2009
Deposit mix
97%Interest-bearing $1.5B3%Noninterest $0.1BQ2 2008Q2 2009

NIM

7.50%Q2 ’077.37%Q2 ’084.62%Q2 ’09-1%-88%

Non-interest income vs. expense

1.55%Q2 ’071.49%Q2 ’081.91%Q2 ’09-1%+34%

Executive Summary

  • Earnings: ROA of -9.66%, down 804 bps year over year; NIM at 0.40%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 9.37%.
  • Funding: loans stand at 81.94% of deposits as of Q2 2009.

Financial Results

Return on Assets (YTD, annualized)

-9.66%-804 bps YoY

Net Interest Margin (YTD, annualized)

0.40%-296 bps YoY

Efficiency Ratio (YTD, annualized)

411%+36,899 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2008Q3 2008Q4 2008Q1 2009Q2 2009YoY ΔTrend
Earnings
Return on Assets-1.62%-1.41%-4.04%-13.73%-9.66%-804 bps
Return on Equity-19.85%-17.83%-55.91%-456%-474%-45,425 bps
Net Interest Margin3.36%2.97%2.45%1.49%0.40%-296 bps
Efficiency Ratio42.35%45.95%60.37%83.43%411%+36,899 bps
Non-Interest Burden1.38%1.32%1.46%1.24%1.85%+47 bps
Growth
Asset Growth (YoY)35.82%23.88%11.15%7.94%-6.04%-4,186 bps
Loan Growth (YoY)49.75%35.61%22.92%4.15%-13.17%-6,292 bps
Deposit Growth (YoY)37.39%22.62%13.39%14.99%-0.69%-3,808 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.93%1.46%4.35%0.21%9.37%+844 bps
Allowance / Loans2.43%2.40%2.47%6.96%3.55%+111 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 Capital8.76%10.53%7.75%2.52%-0.29%-905 bps
Equity / Assets7.13%7.20%4.56%1.42%0.00%-713 bps
Liquidity & Funding
Loans / Deposits93.72%96.77%89.68%85.44%81.94%-1,178 bps
Liquid Assets / Assets0.11%0.11%3.63%7.03%7.72%+762 bps
CRE / Total Capitaln/an/an/an/an/an/an/a