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Southwest Bank

Belleville, IL · Cert 34647

FDIC

Q3 2003

$110.3MAssets
$46.6MLoans
$80.3MDeposits
$28.7MEquity
Loan mix
16%RE $3.8M84%C&I $19.4M0%Consumer $0.0MQ3 2002Q3 2003
Deposit mix
93%Interest-bearing $74.4M7%Noninterest $5.9MQ3 2002Q3 2003

NIM

5.90%Q3 ’014.90%Q3 ’023.65%Q3 ’03+18%-10%

Non-interest income vs. expense

1.16%Q3 ’011.52%Q3 ’021.95%Q3 ’03-72%+39%

Executive Summary

  • Earnings: ROA of 0.44%, down 67 bps year over year; NIM at 2.83%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
  • Funding: loans stand at 58.08% of deposits as of Q3 2003.

Financial Results

Return on Assets (quarter, annualized)

0.44%-67 bps YoY

Net Interest Margin (quarter, annualized)

2.83%-31 bps YoY

Efficiency Ratio (quarter, annualized)

53.62%+819 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.12%-2.59%0.62%0.43%0.44%-67 bps
Return on Equity8.89%-13.16%2.43%1.67%1.70%-719 bps
Net Interest Margin3.13%-6.33%2.83%2.92%2.83%-31 bps
Efficiency Ratio45.43%61.86%47.61%54.90%53.62%+819 bps
Non-Interest Burden1.31%-2.59%1.60%1.92%1.81%+51 bps
Growth
Asset Growth (YoY)-15.70%2.24%8.39%12.41%16.22%+3,192 bps
Loan Growth (YoY)28.43%38.86%46.54%41.54%29.89%+145 bps
Deposit Growth (YoY)-18.47%-15.72%-12.78%-5.76%-2.01%+1,645 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.01%-0.90%0.00%0.01%0.00%-1 bps
Allowance / Loans1.75%1.75%1.76%1.84%2.03%+28 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 Capital25.77%20.11%19.50%20.08%20.05%-572 bps
Equity / Assets12.90%25.44%25.45%26.12%26.06%+1,316 bps
Liquidity & Funding
Loans / Deposits43.81%54.72%59.27%60.13%58.08%+1,426 bps
Liquid Assets / Assets27.23%0.00%0.00%0.00%0.00%-2,723 bps
CRE / Total Capitaln/an/an/an/an/an/an/a