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Midwest Bank of Freeport

Freeport, IL · Cert 19628

FDIC · 3 branches

Q2 2022

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q2 2022, the quarter ended June 30, 2022, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Midwest Bank of Freeport

Freeport, IL · Cert 19628

FDIC · 3 branches

Q2 2022

$327.2MAssets
$205.4MLoans
$272.6MDeposits
$46.1MEquity
Loan mix
96%RE $167.3M4%C&I $6.8M0%Consumer $0.8MQ2 2021Q2 2022
Deposit mix
82%Interest-bearing $224.7M18%Noninterest $48.0MQ2 2021Q2 2022

NIM

2.75%Q2 ’202.87%Q2 ’212.59%Q2 ’22+15%-7%

Non-interest income vs. expense

10.42%Q2 ’2018.32%Q2 ’2111.04%Q2 ’22-120%+126%

Market Position · Rockford, IL · 2022 SOD (annual) · 0.6% share · #17 of 23 inst. · $0.0B of $8.1B

13.1% Stephenson
0.6% Winnebago

Executive Summary

  • Earnings: ROA of 0.54%, down 589 bps year over year; NIM at 2.20%.
  • Asset quality: problem loans at 0.11% of loans (+3 bps YoY), with net recoveries of 0.06%.
  • Capital: tier 1 leverage ratio of 13.00%, up 202 bps from a year ago.
  • Funding: loans stand at 75.32% of deposits as of Q2 2022.

Financial Results

Return on Assets (YTD, annualized)

0.54%-589 bps YoY

Net Interest Margin (YTD, annualized)

2.20%-18 bps YoY

Efficiency Ratio (YTD, annualized)

93.20%+2,311 bps YoY

Tier 1 Leverage Ratio

13.00%+202 bps YoY

Year to date, annualized, through each quarter.

MetricQ2 2021Q3 2021Q4 2021Q1 2022Q2 2022YoY ΔTrend
Earnings
Return on Assets6.43%6.01%5.37%0.55%0.54%-589 bps
Return on Equity60.49%53.28%45.39%3.82%3.79%-5,670 bps
Net Interest Margin2.38%2.85%2.83%2.01%2.20%-18 bps
Efficiency Ratio70.08%70.39%72.33%93.04%93.20%+2,311 bps
Non-Interest Burden-5.44%-4.63%-3.91%1.15%1.40%+684 bps
Growth
Asset Growth (YoY)-10.67%-7.42%-19.45%-20.59%-10.86%-20 bps
Loan Growth (YoY)13.03%-14.56%-36.24%-35.95%-33.22%-4,625 bps
Deposit Growth (YoY)-16.43%-12.47%-25.04%-24.64%-12.75%+368 bps
Asset Quality
Nonperforming Loans / Loans0.08%0.08%0.10%0.10%0.11%+3 bps
Net Charge-Offs / Loans0.00%-0.02%-0.02%0.00%-0.06%-6 bps
Allowance / Loans0.84%0.89%1.19%1.23%1.31%+47 bps
Allowance Coverage of NPLs11.2x11.6x11.8x12.0x12.5x+1.3x
Capital
Tier 1 Leverage Ratio10.98%12.17%12.70%13.05%13.00%+202 bps
Total Risk-Based Capital19.95%20.57%25.34%25.20%26.09%+614 bps
Equity / Assets12.27%13.47%14.42%14.23%14.09%+182 bps
Liquidity & Funding
Loans / Deposits98.40%99.65%80.71%78.91%75.32%-2,308 bps
Liquid Assets / Assets9.96%9.20%25.09%26.27%29.34%+1,939 bps
CRE / Total Capitaln/an/an/an/an/an/an/a