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Amcore Bank, National Association

Rockford, IL · Cert 3735

FDIC

Q1 2010

$3.1BAssets
$2.0BLoans
$2.7BDeposits
$74.7MEquity
Loan mix
83%RE $1.3B17%C&I $0.3B0%Consumer $0.0BQ1 2009Q1 2010
Deposit mix
93%Interest-bearing $2.5B7%Noninterest $0.2BQ1 2009Q1 2010

NIM

5.91%Q1 ’084.20%Q1 ’093.87%Q1 ’10-38%-5%

Non-interest income vs. expense

3.00%Q1 ’082.91%Q1 ’093.87%Q1 ’10-8%+18%

Executive Summary

  • Earnings: ROA of -2.98%, down 77 bps year over year; NIM at 1.73%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 7.94%.
  • Funding: loans stand at 73.43% of deposits as of Q1 2010.

Financial Results

Return on Assets (quarter, annualized)

-2.98%-77 bps YoY

Net Interest Margin (quarter, annualized)

1.73%-10 bps YoY

Efficiency Ratio (quarter, annualized)

110.83%+1,226 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2009Q2 2009Q3 2009Q4 2009Q1 2010YoY ΔTrend
Earnings
Return on Assets-2.21%-0.73%-13.06%-2.42%-2.98%-77 bps
Return on Equity-37.76%-13.02%-300%-87.74%-118.36%-8,059 bps
Net Interest Margin1.82%1.54%1.63%1.68%1.73%-10 bps
Efficiency Ratio98.57%133.54%111.56%120.75%110.83%+1,226 bps
Non-Interest Burden1.78%2.46%1.93%2.34%2.10%+32 bps
Growth
Asset Growth (YoY)2.90%-5.03%-12.84%-25.16%-41.98%-4,488 bps
Loan Growth (YoY)-7.97%-13.29%-17.75%-30.19%-44.04%-3,607 bps
Deposit Growth (YoY)10.75%6.38%1.38%-13.04%-37.49%-4,824 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans3.73%2.48%7.58%10.22%7.94%+420 bps
Allowance / Loans4.60%4.79%5.18%5.48%6.31%+171 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 Capital8.84%8.78%6.94%7.07%7.10%-174 bps
Equity / Assets5.55%5.66%2.91%2.58%2.44%-311 bps
Liquidity & Funding
Loans / Deposits82.03%79.51%80.40%77.39%73.43%-860 bps
Liquid Assets / Assets7.77%4.73%6.39%10.93%11.55%+377 bps
CRE / Total Capitaln/an/an/an/an/an/an/a