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Hawthorn Bank

Mundelein, IL · Cert 33566

FDIC

Q3 2003

$41.4MAssets
$17.4MLoans
$37.1MDeposits
$3.8MEquity
Deposit mix
86%Interest-bearing $32.0M14%Noninterest $5.1MQ3 2002Q3 2003

NIM

6.27%Q3 ’015.03%Q3 ’024.40%Q3 ’03+18%-5%

Non-interest income vs. expense

3.24%Q3 ’014.06%Q3 ’024.00%Q3 ’03+27%-3%

Executive Summary

  • Earnings: ROA of 0.10%, up 17 bps year over year; NIM at 3.15%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.07%.
  • Funding: loans stand at 46.82% of deposits as of Q3 2003.

Financial Results

Return on Assets (quarter, annualized)

0.10%+17 bps YoY

Net Interest Margin (quarter, annualized)

3.15%-18 bps YoY

Efficiency Ratio (quarter, annualized)

113.48%+227 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets-0.07%0.12%-0.90%-0.62%0.10%+17 bps
Return on Equity-0.81%1.31%-9.19%-6.85%1.15%+195 bps
Net Interest Margin3.32%3.20%3.10%3.31%3.15%-18 bps
Efficiency Ratio111.22%114.36%125.50%118.49%113.48%+227 bps
Non-Interest Burden3.73%3.71%3.97%3.99%3.62%-11 bps
Growth
Asset Growth (YoY)-16.10%-16.70%-13.33%-5.87%-13.35%+276 bps
Loan Growth (YoY)-24.69%-21.10%-19.51%-22.35%-31.56%-686 bps
Deposit Growth (YoY)-17.31%-18.39%-14.76%-6.21%-13.58%+374 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.39%-0.15%0.28%-0.13%-0.07%+33 bps
Allowance / Loans1.43%1.61%1.62%1.79%1.86%+43 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 Capital15.91%17.22%17.31%17.85%19.32%+341 bps
Equity / Assets8.27%9.68%9.87%8.44%9.28%+101 bps
Liquidity & Funding
Loans / Deposits59.11%66.66%66.75%51.91%46.82%-1,230 bps
Liquid Assets / Assets0.03%0.07%0.05%0.02%6.09%+605 bps
CRE / Total Capitaln/an/an/an/an/an/an/a