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Harris Bank Libertyville

Libertyville, IL · Cert 32959

FDIC

Q1 2005

$377.5MAssets
$320.8MLoans
$324.4MDeposits
$30.2MEquity
Loan mix
85%RE $155.7M11%C&I $20.7M3%Consumer $6.4MQ1 2004Q1 2005
Deposit mix
85%Interest-bearing $277.2M15%Noninterest $47.2MQ1 2004Q1 2005

NIM

4.87%Q1 ’034.47%Q1 ’044.97%Q1 ’05+1%+4%

Non-interest income vs. expense

2.87%Q1 ’032.63%Q1 ’042.41%Q1 ’050%-9%

Executive Summary

  • Earnings: ROA of 1.08%, up 22 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
  • Funding: loans stand at 98.89% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

1.08%+22 bps YoY

Net Interest Margin (quarter, annualized)

3.56%+13 bps YoY

Efficiency Ratio (quarter, annualized)

58.12%-652 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.86%1.00%1.10%1.26%1.08%+22 bps
Return on Equity11.51%13.33%14.72%16.38%13.74%+223 bps
Net Interest Margin3.43%3.38%3.57%3.56%3.56%+13 bps
Efficiency Ratio64.64%59.52%58.73%52.99%58.12%-652 bps
Non-Interest Burden1.99%1.73%1.80%1.60%1.82%-17 bps
Growth
Asset Growth (YoY)5.00%2.53%-2.22%-1.83%-0.37%-537 bps
Loan Growth (YoY)18.12%8.37%5.97%1.35%3.01%-1,511 bps
Deposit Growth (YoY)3.91%0.47%-7.98%-6.09%-5.23%-913 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.07%0.08%0.04%0.00%-0.01%-9 bps
Allowance / Loans1.08%1.11%1.10%1.11%1.14%+6 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 Capital11.75%11.72%11.78%12.26%12.59%+84 bps
Equity / Assets7.67%7.38%7.60%7.72%8.00%+33 bps
Liquidity & Funding
Loans / Deposits90.98%92.56%100.81%101.03%98.89%+791 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