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Associated Bank Illinois, National Association

Rockford, IL · Cert 34916

FDIC

Q3 2003

$2.7BAssets
$1.8BLoans
$1.8BDeposits
$185.3MEquity
Loan mix
92%RE $932.7M7%C&I $73.4M1%Consumer $11.8MQ3 2002Q3 2003
Deposit mix
85%Interest-bearing $1.5B15%Noninterest $0.3BQ3 2002Q3 2003

NIM

6.90%Q3 ’015.65%Q3 ’024.89%Q3 ’03+19%+4%

Non-interest income vs. expense

2.46%Q3 ’012.64%Q3 ’022.62%Q3 ’03+67%-15%

Executive Summary

  • Earnings: ROA of 1.65%, up 29 bps year over year; NIM at 3.39%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.16%.
  • Funding: loans stand at 96.66% of deposits as of Q3 2003.

Financial Results

Return on Assets (YTD, annualized)

1.65%+29 bps YoY

Net Interest Margin (YTD, annualized)

3.39%+14 bps YoY

Efficiency Ratio (YTD, annualized)

53.43%-395 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.35%1.39%1.44%1.51%1.65%+29 bps
Return on Equity20.44%20.89%21.23%21.68%23.68%+325 bps
Net Interest Margin3.25%3.11%3.42%3.39%3.39%+14 bps
Efficiency Ratio57.38%56.84%54.93%53.47%53.43%-395 bps
Non-Interest Burden1.31%1.21%1.26%1.17%1.12%-20 bps
Growth
Asset Growth (YoY)-7.06%1.70%11.60%6.82%0.12%+718 bps
Loan Growth (YoY)-10.02%4.39%15.59%11.21%-0.50%+953 bps
Deposit Growth (YoY)-9.64%-9.93%-6.65%0.49%14.37%+2,401 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans0.32%0.30%0.23%0.14%0.16%-17 bps
Allowance / Loans0.77%0.77%0.76%0.83%0.82%+5 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 Capital10.53%10.98%11.21%11.70%11.42%+89 bps
Equity / Assets6.20%6.70%6.88%7.26%6.95%+75 bps
Liquidity & Funding
Loans / Deposits111.10%109.59%113.87%104.98%96.66%-1,444 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a