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Letter portraitLegal landscapeQuarterYTD

Citizens Bank & Trust Company of Chicago

Chicago, IL · Cert 34658

FDIC

Q1 2010

$73.5MAssets
$60.2MLoans
$72.8MDeposits
$422KEquity
Loan mix
93%RE $44.4M6%C&I $3.0M0%Consumer $0.1MQ1 2009Q1 2010
Deposit mix
93%Interest-bearing $67.4M7%Noninterest $5.3MQ1 2009Q1 2010

NIM

6.97%Q1 ’085.57%Q1 ’094.00%Q1 ’10-20%-23%

Non-interest income vs. expense

4.21%Q1 ’083.69%Q1 ’095.56%Q1 ’10-42%+144%

Executive Summary

  • Earnings: ROA of -8.45%, down 883 bps year over year; NIM at 1.90%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.31%.
  • Funding: loans stand at 82.71% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

-8.45%-883 bps YoY

Net Interest Margin (quarter, annualized)

1.90%-57 bps YoY

Efficiency Ratio (quarter, annualized)

237%+14,626 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets0.38%-1.54%1.77%-10.60%-8.45%-883 bps
Return on Equity7.99%-32.17%36.05%-273%-522%-53,014 bps
Net Interest Margin2.47%2.46%1.49%1.67%1.90%-57 bps
Efficiency Ratio90.70%158.29%66.44%220%237%+14,626 bps
Non-Interest Burden2.09%4.00%-0.55%4.60%5.11%+302 bps
Growth
Asset Growth (YoY)11.05%14.85%9.23%-7.67%-11.70%-2,275 bps
Loan Growth (YoY)14.30%5.50%4.03%-3.49%-4.11%-1,842 bps
Deposit Growth (YoY)13.41%18.08%12.19%-5.64%-7.72%-2,114 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans-0.03%-0.01%0.13%8.93%2.31%+234 bps
Allowance / Loans2.76%2.75%2.77%3.09%4.21%+144 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 Capital7.46%7.04%7.65%4.64%1.42%-603 bps
Equity / Assets4.86%4.72%5.10%2.61%0.57%-429 bps
Liquidity & Funding
Loans / Deposits79.59%84.09%84.19%82.35%82.71%+311 bps
Liquid Assets / Assets16.70%12.41%12.52%15.80%15.31%-139 bps
CRE / Total Capitaln/an/an/an/an/an/an/a