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Great Northern Bank

Antioch, IL · Cert 34705

FDIC

Q4 2009

$70.8MAssets
$55.4MLoans
$68.3MDeposits
$1.8MEquity
Loan mix
48%RE $23.6M50%C&I $24.3M2%Consumer $1.1MQ4 2008Q4 2009
Deposit mix
96%Interest-bearing $65.4M4%Noninterest $2.9MQ4 2008Q4 2009

NIM

6.63%Q4 ’075.17%Q4 ’084.18%Q4 ’09-33%-12%

Non-interest income vs. expense

3.91%Q4 ’0714.37%Q4 ’083.45%Q4 ’09+292%-76%

Executive Summary

  • Earnings: ROA of 0.13%, up 2,663 bps year over year; NIM at 1.93%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.37%.
  • Funding: loans stand at 81.12% of deposits as of Q4 2009.

Financial Results

Return on Assets (quarter, annualized)

0.13%+2,663 bps YoY

Net Interest Margin (quarter, annualized)

1.93%-25 bps YoY

Efficiency Ratio (quarter, annualized)

170.68%+5,134 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ4 2008Q1 2009Q2 2009Q3 2009Q4 2009YoY ΔTrend
Earnings
Return on Assets-26.50%-0.61%-7.59%-8.23%0.13%+2,663 bps
Return on Equity-290%-10.43%-146.28%-233%4.91%+29,508 bps
Net Interest Margin2.19%1.85%1.93%1.87%1.93%-25 bps
Efficiency Ratio119.34%125.96%126.39%191.53%170.68%+5,134 bps
Non-Interest Burden14.26%2.36%2.46%3.69%3.36%-1,090 bps
Growth
Asset Growth (YoY)60.44%28.55%-1.05%-15.47%-12.83%-7,327 bps
Loan Growth (YoY)91.51%52.96%13.19%-6.85%-18.75%-11,026 bps
Deposit Growth (YoY)91.60%45.68%9.79%-6.15%-9.77%-10,137 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.00%0.00%20.74%8.00%0.37%+37 bps
Allowance / Loans5.43%5.45%2.91%3.13%2.65%-279 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 Capital7.23%7.72%5.92%3.92%4.05%-318 bps
Equity / Assets5.94%5.83%4.47%2.56%2.55%-339 bps
Liquidity & Funding
Loans / Deposits90.08%90.85%91.17%85.52%81.12%-896 bps
Liquid Assets / Assets5.04%6.65%3.05%9.59%14.83%+979 bps
CRE / Total Capitaln/an/an/an/an/an/an/a