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Letter portraitLegal landscapeQuarterYTD

Lakeland Community Bank

Round Lake Heights, IL · Cert 33376

FDIC

Q1 2004

$182.2MAssets
$130.2MLoans
$157.7MDeposits
$15.0MEquity
Loan mix
86%RE $66.9M14%C&I $10.8M0%Consumer $0.1MQ1 2003Q1 2004
Deposit mix
85%Interest-bearing $134.4M15%Noninterest $23.4MQ1 2003Q1 2004

NIM

6.28%Q1 ’025.59%Q1 ’031.76%Q1 ’04-4%-66%

Non-interest income vs. expense

2.57%Q1 ’022.50%Q1 ’030.83%Q1 ’04-17%-56%

Executive Summary

  • Earnings: ROA of 0.64%, down 81 bps year over year; NIM at 1.23%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 82.51% of deposits as of Q1 2004.

Financial Results

Return on Assets (YTD, annualized)

0.64%1-81 bps YoY

Net Interest Margin (YTD, annualized)

1.23%-241 bps YoY

Efficiency Ratio (YTD, annualized)

60.31%+562 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ1 2003Q2 2003Q3 2003Q4 2003Q1 2004YoY ΔTrend
Earnings
Return on Assets1.45%1.76%1.86%1.86%0.64%1-81 bps
Return on Equity17.65%21.57%22.75%22.32%7.48%-1,018 bps
Net Interest Margin3.64%3.57%3.54%3.57%1.23%-241 bps
Efficiency Ratio54.68%53.47%53.60%55.71%60.31%+562 bps
Non-Interest Burden1.57%1.44%1.44%1.57%0.68%-88 bps
Growth
Asset Growth (YoY)8.72%8.08%2.72%5.91%14.30%+557 bps
Loan Growth (YoY)17.89%21.34%13.90%16.57%13.84%-405 bps
Deposit Growth (YoY)6.34%4.30%0.93%3.84%13.85%+751 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Allowance / Loans1.00%0.96%0.97%0.92%0.94%-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 Capital12.72%11.86%12.30%12.37%13.42%+70 bps
Equity / Assets8.40%8.12%8.26%8.84%8.21%-19 bps
Liquidity & Funding
Loans / Deposits82.52%84.22%86.19%93.68%82.51%-1 bps
Liquid Assets / Assets0.08%0.08%0.02%0.09%0.03%-5 bps
CRE / Total Capitaln/an/an/an/an/an/an/a