PackageTrendsPeer
Letter portraitLegal landscapeQuarterYTD

Covest Banc, National Association

Des Plaines, IL · Cert 29008

FDIC

Q4 2003

$586.3MAssets
$536.0MLoans
$471.1MDeposits
$46.0MEquity
Loan mix
87%RE $350.9M13%C&I $54.2M0%Consumer $0.1MQ4 2002Q4 2003
Deposit mix
91%Interest-bearing $430.7M9%Noninterest $40.4MQ4 2002Q4 2003

NIM

7.32%Q4 ’016.06%Q4 ’025.41%Q4 ’03+3%-1%

Non-interest income vs. expense

2.28%Q4 ’012.37%Q4 ’022.81%Q4 ’03+3%+32%

Executive Summary

  • Earnings: ROA of 0.39%, down 76 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.87%.
  • Funding: loans stand at 113.78% of deposits as of Q4 2003.

Financial Results

Return on Assets (YTD, annualized)

0.39%-76 bps YoY

Net Interest Margin (YTD, annualized)

3.51%-3 bps YoY

Efficiency Ratio (YTD, annualized)

65.57%+1,165 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ4 2002Q1 2003Q2 2003Q3 2003Q4 2003YoY ΔTrend
Earnings
Return on Assets1.15%0.99%1.08%1.11%0.39%-76 bps
Return on Equity14.81%12.99%14.20%14.49%5.00%-981 bps
Net Interest Margin3.54%3.43%3.44%3.47%3.51%-3 bps
Efficiency Ratio53.92%56.13%53.37%53.13%65.57%+1,165 bps
Non-Interest Burden1.58%1.68%1.54%1.52%2.08%+51 bps
Growth
Asset Growth (YoY)3.95%1.64%3.14%1.42%-3.25%-720 bps
Loan Growth (YoY)5.25%1.36%10.22%5.59%-1.34%-659 bps
Deposit Growth (YoY)3.82%5.14%4.60%0.42%-1.92%-575 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.10%0.23%0.22%0.18%0.87%+77 bps
Allowance / Loans1.30%1.31%1.27%1.27%1.35%+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 Capital11.61%11.98%11.96%12.61%12.01%+40 bps
Equity / Assets7.62%7.65%7.54%7.97%7.85%+23 bps
Liquidity & Funding
Loans / Deposits113.10%109.29%110.37%115.44%113.78%+67 bps
Liquid Assets / Assets0.00%1.83%2.53%0.01%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a