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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

6.74%Q3 ’015.43%Q3 ’024.78%Q3 ’03+11%+3%

Non-interest income vs. expense

2.45%Q3 ’012.68%Q3 ’022.71%Q3 ’03+49%-39%

Executive Summary

  • Earnings: ROA of 1.93%, up 92 bps year over year; NIM at 3.38%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.19%.
  • Funding: loans stand at 96.66% of deposits as of Q3 2003.

Financial Results

Return on Assets (quarter, annualized)

1.93%+92 bps YoY

Net Interest Margin (quarter, annualized)

3.38%+9 bps YoY

Efficiency Ratio (quarter, annualized)

53.35%-881 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2002Q4 2002Q1 2003Q2 2003Q3 2003YoY ΔTrend
Earnings
Return on Assets1.01%1.46%1.44%1.56%1.93%+92 bps
Return on Equity15.64%22.69%21.23%22.04%27.18%+1,154 bps
Net Interest Margin3.28%3.40%3.42%3.46%3.38%+9 bps
Efficiency Ratio62.17%55.47%54.93%52.08%53.35%-881 bps
Non-Interest Burden1.68%1.18%1.26%1.11%1.02%-66 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 / Loans0.22%0.19%0.23%0.05%0.19%-3 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