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First Northwest Bank

Arlington Heights, IL · Cert 33982

FDIC

Q1 2005

$296.5MAssets
$182.9MLoans
$222.0MDeposits
$49.3MEquity
Loan mix
46%RE $41.1M54%C&I $48.7M0%Consumer $0.1MQ1 2004Q1 2005
Deposit mix
84%Interest-bearing $186.4M16%Noninterest $35.7MQ1 2004Q1 2005

NIM

4.95%Q1 ’035.05%Q1 ’045.12%Q1 ’05+30%-10%

Non-interest income vs. expense

2.18%Q1 ’032.40%Q1 ’041.97%Q1 ’05+11%-15%

Executive Summary

  • Earnings: ROA of 1.20%, up 30 bps year over year; NIM at 3.30%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.74%.
  • Funding: loans stand at 82.37% of deposits as of Q1 2005.

Financial Results

Return on Assets (quarter, annualized)

1.20%+30 bps YoY

Net Interest Margin (quarter, annualized)

3.30%-35 bps YoY

Efficiency Ratio (quarter, annualized)

55.21%-399 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2004Q2 2004Q3 2004Q4 2004Q1 2005YoY ΔTrend
Earnings
Return on Assets0.90%0.98%1.17%1.17%1.20%+30 bps
Return on Equity12.81%13.67%16.45%16.23%9.81%-301 bps
Net Interest Margin3.65%3.45%3.38%3.43%3.30%-35 bps
Efficiency Ratio59.20%58.82%51.78%50.95%55.21%-399 bps
Non-Interest Burden2.00%1.87%1.57%1.60%1.70%-30 bps
Growth
Asset Growth (YoY)4.26%2.21%19.76%15.87%25.46%+2,120 bps
Loan Growth (YoY)4.72%9.58%16.73%17.02%15.14%+1,042 bps
Deposit Growth (YoY)1.52%5.98%19.13%21.54%17.17%+1,564 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.02%0.00%0.17%1.74%+175 bps
Allowance / Loans1.63%1.58%1.46%1.41%1.05%-57 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 Capital10.35%10.94%10.48%10.91%10.12%-23 bps
Equity / Assets7.04%7.29%7.00%7.37%16.61%+958 bps
Liquidity & Funding
Loans / Deposits83.82%83.21%79.63%82.34%82.37%-145 bps
Liquid Assets / Assets0.04%0.10%0.07%0.05%0.03%-1 bps
CRE / Total Capitaln/an/an/an/an/an/an/a