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Associated Bank Chicago

Chicago, IL · Cert 22177

FDIC

Q2 2005

$786.2MAssets
$700.7MLoans
$560.9MDeposits
$79.2MEquity
Loan mix
40%RE $178.5M59%C&I $264.2M1%Consumer $6.1MQ2 2004Q2 2005
Deposit mix
80%Interest-bearing $448.2M20%Noninterest $112.7MQ2 2004Q2 2005

NIM

5.07%Q2 ’034.64%Q2 ’045.66%Q2 ’05-4%+8%

Non-interest income vs. expense

2.05%Q2 ’032.03%Q2 ’041.94%Q2 ’05+0%-3%

Executive Summary

  • Earnings: ROA of 1.48%, up 13 bps year over year; NIM at 4.12%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.17%.
  • Funding: loans stand at 124.91% of deposits as of Q2 2005.

Financial Results

Return on Assets (quarter, annualized)

1.48%+13 bps YoY

Net Interest Margin (quarter, annualized)

4.12%+30 bps YoY

Efficiency Ratio (quarter, annualized)

41.76%-434 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ2 2004Q3 2004Q4 2004Q1 2005Q2 2005YoY ΔTrend
Earnings
Return on Assets1.35%1.42%0.97%1.42%1.48%+13 bps
Return on Equity15.30%16.20%11.05%15.14%14.83%-47 bps
Net Interest Margin3.83%3.94%4.00%4.08%4.12%+30 bps
Efficiency Ratio46.11%45.86%42.09%41.26%41.76%-434 bps
Non-Interest Burden1.45%1.49%1.39%1.39%1.41%-4 bps
Growth
Asset Growth (YoY)-3.08%6.42%19.54%11.58%11.78%+1,487 bps
Loan Growth (YoY)0.12%7.14%22.34%11.57%13.07%+1,295 bps
Deposit Growth (YoY)5.20%21.60%45.92%6.19%15.68%+1,048 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.23%0.39%-0.01%0.33%-0.17%-140 bps
Allowance / Loans1.35%1.24%1.33%1.43%1.52%+17 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 Capital10.99%10.65%10.83%11.97%12.15%+115 bps
Equity / Assets8.85%8.73%8.90%9.89%10.08%+123 bps
Liquidity & Funding
Loans / Deposits127.79%109.19%101.99%119.55%124.91%-288 bps
Liquid Assets / Assets0.01%0.01%0.01%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a