FIRST MIDWEST BANCORP INC - FORM 8-K - EX-99.2 - FIRST MIDWEST BANCORP, INC. SELECTED FINANCIAL INFORMATION

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8-K - FORM 8-K - FIRST MIDWEST BANCORP INC	d8k.htm
EX-99.1 - PRESS RELEASE - FIRST MIDWEST BANCORP INC	dex991.htm

Exhibit 99.2

First Midwest Bancorp, Inc.

Selected Financial Information

(Amounts in thousands, except per share data)


	2011									2010															2009									2008
	June 30/ YTD			2nd Quarter			1st Quarter			Dec. 31/ YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/ YTD			4th Quarter			3rd Quarter			Dec. 31/ YTD
Period-End Balance Sheet
Cash and cash equivalents	$	711,469		$	711,469		$	526,460		$	585,776		$	585,776		$	735,945		$	373,080		$	126,914		$	127,379		$	127,379		$	197,598		$	114,308
Securities available-for-sale		1,009,873			1,009,873			1,057,758			1,057,802			1,057,802			1,058,609			1,090,109			1,152,039			1,266,760			1,266,760			1,349,669			2,216,186
Securities held-to-maturity		76,142			76,142			81,218			81,320			81,320			85,687			87,843			90,449			84,182			84,182			83,860			84,306
FHLB and FRB stock		58,187			58,187			61,338			61,338			61,338			62,038			59,864			59,428			56,428			56,428			54,768			54,767
Loans held-for-sale		1,595			1,595			3,800			236			236			1,168			—			—			—			—			—			—
*Loans:*
Commercial and industrial		1,518,772			1,518,772			1,493,465			1,465,903			1,465,903			1,472,439			1,494,119			1,454,714			1,438,063			1,438,063			1,484,601			1,490,101
Agricultural		237,518			237,518			234,898			227,756			227,756			212,800			199,597			200,527			209,945			209,945			200,955			216,814
Commercial real estate:
Office, retail, and industrial		1,229,100			1,229,100			1,205,880			1,203,613			1,203,613			1,215,649			1,220,191			1,239,583			1,212,965			1,212,965			1,151,276			1,025,241
Multi-family		336,138			336,138			344,645			349,862			349,862			350,458			369,281			348,178			333,961			333,961			342,807			286,963
Residential construction		129,327			129,327			151,887			174,690			174,690			226,126			241,094			276,322			313,919			313,919			400,502			509,059
Commercial construction		146,679			146,679			153,392			164,472			164,472			193,041			202,041			233,662			231,518			231,518			301,462			356,575
Other commercial real estate		852,966			852,966			850,334			856,357			856,357			837,877			831,723			790,502			798,983			798,983			753,429			729,329
1-4 family mortgages		185,002			185,002			178,538			160,890			160,890			150,110			145,457			139,840			139,983			139,983			138,862			198,197
Consumer		477,409			477,409			482,504			497,017			497,017			506,166			504,844			512,546			523,909			523,909			532,174			547,784

Total loans, excluding covered loans		5,112,911			5,112,911			5,095,543			5,100,560			5,100,560			5,164,666			5,208,347			5,195,874			5,203,246			5,203,246			5,306,068			5,360,063
Covered loans		314,942			314,942			349,446			371,729			371,729			396,121			164,924			144,369			146,319			146,319			—			—
Allowance for loan losses		(137,331	)		(137,331	)		(142,503	)		(142,572	)		(142,572	)		(144,569	)		(145,027	)		(144,824	)		(144,808	)		(144,808	)		(134,269	)		(93,869	)

Net loans		5,290,522			5,290,522			5,302,486			5,329,717			5,329,717			5,416,218			5,228,244			5,195,419			5,204,757			5,204,757			5,171,799			5,266,194
Other real estate owned		24,407			24,407			33,863			31,069			31,069			52,044			57,023			62,565			57,137			57,137			57,945			24,368
Covered other real estate owned		14,583			14,583			21,543			22,370			22,370			24,222			10,657			8,649			8,981			8,981			—			—
FDIC indemnification asset		95,752			95,752			85,386			95,899			95,899			95,641			75,991			54,591			67,945			67,945			—			—
Investment in bank owned life insurance		198,149			198,149			197,889			197,644			197,644			198,666			198,399			198,201			197,962			197,962			197,681			198,533
Goodwill and other intangible assets		284,120			284,120			284,785			286,033			286,033			287,173			281,255			280,477			281,479			281,479			281,614			284,548
Other assets		364,592			364,592			379,791			389,098			389,098			350,412			342,624			364,175			357,662			357,662			283,500			285,131

Total assets	$	8,129,391		$	8,129,391		$	8,036,317		$	8,138,302		$	8,138,302		$	8,367,823		$	7,805,089		$	7,592,907		$	7,710,672		$	7,710,672		$	7,678,434		$	8,528,341

*Deposits:*
Demand deposits	$	1,494,390		$	1,494,390		$	1,346,698		$	1,329,505		$	1,329,505		$	1,284,940		$	1,188,356		$	1,129,777		$	1,133,756		$	1,133,756		$	1,069,870		$	1,040,763
Interest bearing deposits		5,001,159			5,001,159			5,073,196			5,181,971			5,181,971			5,392,319			4,935,209			4,734,327			4,751,523			4,751,523			4,679,283			4,544,991

Total deposits		6,495,549			6,495,549			6,419,894			6,511,476			6,511,476			6,677,259			6,123,565			5,864,104			5,885,279			5,885,279			5,749,153			5,585,754
Borrowed funds		272,024			272,024			273,342			303,974			303,974			323,077			328,470			387,163			691,176			691,176			716,299			1,698,334
Subordinated debt		137,748			137,748			137,746			137,744			137,744			137,741			137,739			137,737			137,735			137,735			157,717			232,409
Other liabilities		82,479			82,479			81,459			73,063			73,063			69,687			59,803			60,135			54,961			54,961			71,686			103,565
Stockholders’ equity		1,141,591			1,141,591			1,123,876			1,112,045			1,112,045			1,160,059			1,155,512			1,143,768			941,521			941,521			983,579			908,279

Total liabilities and stockholders’ equity	$	8,129,391		$	8,129,391		$	8,036,317		$	8,138,302		$	8,138,302		$	8,367,823		$	7,805,089		$	7,592,907		$	7,710,672		$	7,710,672		$	7,678,434		$	8,528,341

Stockholders’ equity, excluding OCI		1,156,930			1,156,930			1,148,249			1,139,784			1,139,784			1,169,262			1,168,315			1,162,646			960,187			960,187			999,796			926,321
Stockholders’ equity, common		948,591			948,591			930,876			919,045			919,045			967,059			962,512			950,768			748,521			748,521			790,579			715,949
Stockholders’ equity, common excluding OCI		963,930			963,930			955,249			946,784			946,784			976,262			975,315			969,646			767,187			767,187			806,796			733,991
Stockholders’ equity, preferred		193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			192,330
Trust assets under management		4,498,428			4,498,428			4,583,213			4,467,917			4,467,917			4,272,051			3,982,468			3,994,772			3,801,609			3,801,609			3,879,305			3,527,028
Average Balance Sheet
Total assets	$	8,133,233		$	8,171,095		$	8,094,951		$	8,024,654		$	8,314,634		$	8,203,617		$	7,905,364		$	7,665,781		$	8,064,109		$	7,764,163		$	7,877,055		$	8,225,440
Investment securities		1,158,560			1,150,221			1,166,991			1,207,036			1,139,127			1,178,794			1,213,455			1,298,832			1,747,212			1,401,889			1,518,290			2,200,585
FHLB and FRB stock		60,537			59,745			61,338			60,249			61,703			60,998			59,758			58,495			55,081			56,013			54,768			54,767
Total loans, excluding covered loans		5,092,126			5,108,234			5,075,840			5,191,154			5,155,416			5,207,419			5,204,566			5,197,499			5,348,979			5,304,690			5,346,769			5,149,879
Covered loans and FDIC indemnification asset		432,108			420,108			444,242			323,595			480,612			367,727			233,907			208,663			28,049			111,281			—			—
Other earning assets		533,186			582,570			483,252			382,023			609,391			464,793			314,480			55,275			102,801			52,324			210,667			35,310

Total interest-earning assets		7,276,517			7,320,878			7,231,663			7,164,057			7,446,249			7,279,731			7,026,166			6,818,764			7,282,122			6,926,197			7,130,494			7,440,541
*Deposits:*
Demand deposits		1,404,066			1,465,438			1,342,013			1,224,629			1,348,188			1,242,257			1,181,097			1,124,320			1,061,208			1,115,096			1,056,188			1,043,972
Savings deposits		923,124			944,802			901,205			815,371			864,334			832,672			803,353			759,786			751,386			744,876			749,995			792,524
NOW accounts		1,085,825			1,126,913			1,044,280			1,082,774			1,075,642			1,173,347			1,157,246			922,179			984,529			953,772			1,062,708			935,429
Money market deposits		1,222,991			1,205,736			1,240,439			1,199,362			1,302,325			1,226,314			1,155,889			1,110,519			937,766			1,079,943			995,132			787,218

Core transactional deposits		4,636,006			4,742,889			4,527,937			4,322,136			4,590,489			4,474,590			4,297,585			3,916,804			3,734,889			3,893,687			3,864,023			3,559,143

Time deposits		1,875,183			1,813,164			1,937,890			1,991,637			2,069,389			2,022,721			1,916,116			1,956,745			2,001,207			2,008,727			1,938,445			2,172,379

Total deposits		6,511,189			6,556,053			6,465,827			6,313,773			6,659,878			6,497,311			6,213,701			5,873,549			5,736,096			5,902,414			5,802,468			5,731,522
Borrowed funds		274,122			262,525			285,847			359,174			281,050			337,905			342,808			477,323			1,118,792			661,976			870,397			1,438,908
Subordinated debt		137,746			137,747			137,745			137,739			137,743			137,740			137,738			137,736			208,621			143,816			226,693			231,961

Total funding sources		6,923,057			6,956,325			6,889,419			6,810,686			7,078,671			6,972,956			6,694,247			6,488,608			7,063,509			6,708,206			6,899,558			7,402,391
Stockholders’ equity		1,128,577			1,134,770			1,122,315			1,148,219			1,156,263			1,163,661			1,152,394			1,119,866			927,673			983,595			905,347			764,731
Stockholders’ equity, common		935,577			941,770			929,315			955,219			963,263			970,661			959,394			926,866			734,673			790,595			712,347			750,497
Stockholders’ equity, preferred		193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			14,234

First Midwest Bancorp, Inc.

Selected Financial Information

(Amounts in thousands, except per share data)


	2011									2010															2009									2008
	June 30/ YTD			2nd Quarter			1st Quarter			Dec. 31/ YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/ YTD			4th Quarter			3rd Quarter			Dec. 31/ YTD
Income Statement
Interest income	$	162,579		$	81,296		$	81,283		$	328,867		$	82,476		$	82,338		$	82,274		$	81,779		$	341,751		$	82,370		$	82,762		$	409,207
Interest expense		20,572			9,935			10,637			49,518			10,897			12,125			12,655			13,841			90,219			16,429			21,781			162,610

Net interest income		142,007			71,361			70,646			279,349			71,579			70,213			69,619			67,938			251,532			65,941			60,981			246,597
Provision for loan losses		38,255			18,763			19,492			147,349			73,897			33,576			21,526			18,350			215,672			93,000			38,000			70,254
Service charges on deposit accounts		17,707			9,563			8,144			35,884			9,202			9,249			9,052			8,381			38,754			9,977			10,046			44,987
Trust and investment advisory fees		8,234			4,118			4,116			15,063			4,040			3,728			3,702			3,593			14,059			3,704			3,555			15,130
Other service charges, commissions, and fees		10,276			5,362			4,914			18,238			4,506			4,932			4,628			4,172			16,529			4,280			4,222			18,846
Card-based fees		9,691			5,162			4,529			17,577			4,640			4,547			4,497			3,893			15,826			4,000			4,023			16,143

Total fee-based revenue		45,908			24,205			21,703			86,762			22,388			22,456			21,879			20,039			85,168			21,961			21,846			95,106
Bank owned life insurance income		511			259			252			1,560			696			267			349			248			2,263			281			282			(2,369	)
Security gains (losses), net		2,071			1,531			540			12,216			1,662			6,376			1,121			3,057			2,110			(5,772	)		(6,975	)		(35,611	)
Gains on FDIC-assisted transactions		—			—			—			4,303			—			—			4,303			—			13,071			13,071			—			—
Gains on early extinguishment of debt		—			—			—			—			—			—			—			—			15,258			1,267			13,991			—
Other		2,221			499			1,722			3,710			1,421			1,654			(342	)		977			5,132			939			1,946			(3,119	)

Total noninterest income		50,711			26,494			24,217			108,551			26,167			30,753			27,310			24,321			123,002			31,747			31,090			54,007
Salaries and employee benefits		63,781			31,258			32,523			114,378			31,028			29,926			26,540			26,884			106,548			27,592			27,416			99,910
Net occupancy and equipment expense		17,115			8,012			9,103			32,218			7,916			8,326			7,808			8,168			31,724			7,661			7,837			33,334
FDIC premiums		4,433			1,708			2,725			10,880			2,967			2,835			2,546			2,532			13,673			2,720			2,558			1,065
Losses realized on OREO		5,650			3,423			2,227			40,480			15,412			8,265			8,924			7,879			18,554			14,051			1,801			1,566
Other real estate expense, net		3,504			1,800			1,704			9,554			2,408			1,312			2,926			2,908			4,905			1,642			1,660			1,843
Other intangibles amortization		1,913			956			957			4,278			1,139			1,107			1,029			1,003			3,929			994			979			4,378
Other expenses		34,150			18,266			15,884			66,991			16,204			17,006			17,682			16,099			55,455			15,861			14,389			52,209

Total noninterest expense		130,546			65,423			65,123			278,779			77,074			68,777			67,455			65,473			234,788			70,521			56,640			194,305
Income before income tax		23,917			13,669			10,248			(38,228	)		(53,225	)		(1,387	)		7,948			8,436			(75,926	)		(65,833	)		(2,569	)		36,045
Income tax		2,871			2,841			30			(28,544	)		(25,066	)		(3,972	)		139			355			(50,176	)		(28,342	)		(5,920	)		(13,291	)

Net income	$	21,046		$	10,828		$	10,218		$	(9,684	)	$	(28,159	)	$	2,585		$	7,809		$	8,081		$	(25,750	)	$	(37,491	)	$	3,351		$	49,336

Net income applicable to common shares	$	15,641		$	8,144		$	7,497		$	(19,717	)	$	(30,327	)	$	11		$	5,171		$	5,428		$	(35,551	)	$	(39,542	)	$	773		$	48,482
Basic earnings per common share	$	0.21		$	0.11		$	0.10		$	(0.27	)	$	(0.41	)	$	0.00		$	0.07		$	0.08		$	(0.71	)	$	(0.73	)	$	0.02		$	1.00
Diluted earnings per common share	$	0.21		$	0.11		$	0.10		$	(0.27	)	$	(0.41	)	$	0.00		$	0.07		$	0.08		$	(0.71	)	$	(0.73	)	$	0.02		$	1.00
Weighted average shares outstanding		73,205			73,259			73,151			72,422			73,085			73,072			73,028			70,469			50,034			54,152			48,942			48,462
Weighted average diluted shares outstanding		73,205			73,259			73,151			72,422			73,085			73,072			73,028			70,469			50,034			54,152			48,942			48,515
Tax equivalent adjustment ⁽¹⁾	$	7,084		$	3,517		$	3,567		$	16,312		$	3,742		$	4,053		$	4,265		$	4,252		$	19,658		$	4,448		$	4,691		$	22,225
Net interest income (FTE) ⁽¹⁾	$	149,091		$	74,878		$	74,213		$	295,661		$	75,321		$	74,266		$	73,884		$	72,190		$	271,190		$	70,389		$	65,672		$	268,822
Common stock and related per common share data:
Book value	$	12.74		$	12.74		$	12.49		$	12.40		$	12.40		$	13.06		$	13.00		$	12.84		$	13.66		$	13.66		$	14.43		$	14.72
Tangible book value		8.92			8.92			8.67			8.54			8.54			9.18			9.20			9.05			8.52			8.52			9.29			8.87
Dividends declared per share		0.020			0.010			0.010			0.040			0.010			0.010			0.010			0.010			0.040			0.010			0.010			1.155
Market price - period high		13.48			13.48			13.07			17.95			13.13			13.43			17.95			14.43			20.25			11.50			11.64			40.09
Market price - period low		10.79			11.05			10.79			9.26			9.26			10.72			12.10			10.37			5.94			9.09			6.19			13.56
Closing price at period end	$	12.29		$	12.29		$	11.79		$	11.52		$	11.52		$	11.53		$	12.16		$	13.55		$	10.89		$	10.89		$	11.27		$	19.97
Closing price to book value		1.0			1.0			0.9			0.9			0.9			0.9			0.9			1.1			0.8			0.8			0.8			1.4
Period end shares outstanding		74,473			74,473			74,543			74,096			74,096			74,057			74,049			74,046			54,793			54,793			54,800			48,630
Period end treasury shares		11,314			11,314			11,244			11,691			11,691			11,730			11,738			11,741			12,176			12,176			12,169			12,696
Number of shares repurchased		—			—			—			—			—			—			—			—			—			—			—			5
Common dividends	$	1,489		$	743		$	746		$	2,965		$	741		$	743		$	741		$	740		$	2,020		$	492		$	556		$	56,206
Preferred dividends	$	4,825		$	2,412		$	2,413		$	9,650		$	2,413		$	2,412		$	2,412		$	2,413		$	9,650		$	2,413		$	2,412		$	670
Other Key Ratios/Data:
Return on average common equity ⁽²⁾		3.37	%		3.47	%		3.27	%		-2.06	%		-12.49	%		0.00	%		2.16	%		2.38	%		-4.84	%		-19.84	%		0.43	%		6.46	%
Return on average assets ⁽²⁾		0.52	%		0.53	%		0.51	%		-0.12	%		-1.34	%		0.13	%		0.40	%		0.43	%		-0.32	%		-1.92	%		0.17	%		0.60	%
Net interest margin ⁽¹⁾		4.13	%		4.10	%		4.15	%		4.13	%		4.02	%		4.05	%		4.21	%		4.28	%		3.72	%		4.04	%		3.66	%		3.61	%
Yield on average earning assets ⁽¹⁾		4.70	%		4.64	%		4.75	%		4.82	%		4.60	%		4.72	%		4.94	%		5.10	%		4.96	%		4.98	%		4.88	%		5.80	%
Cost of funds		0.75	%		0.73	%		0.78	%		0.89	%		0.75	%		0.84	%		0.92	%		1.05	%		1.50	%		1.17	%		1.48	%		2.56	%
Efficiency ratio ⁽¹⁾		61.29	%		60.19	%		62.40	%		58.84	%		59.08	%		59.91	%		57.92	%		58.41	%		57.86	%		58.48	%		59.13	%		53.49	%
Net noninterest expense ratio ⁽²⁾		2.03	%		1.99	%		2.08	%		2.33	%		2.51	%		2.15	%		2.31	%		2.34	%		1.76	%		2.42	%		1.64	%		1.27	%
Effective income tax rate		12.00	%		20.78	%		0.29	%		74.67	%		47.09	%		286.37	%		1.75	%		4.21	%		66.09	%		43.05	%		230.44	%		-36.87	%
Full time equivalent employees - end of period		1,846			1,846			1,845			1,838			1,838			1,884			1,762			1,729			1,739			1,739			1,751			1,809
Number of bank offices		96			96			97			98			98			100			95			94			94			94			94			97
Number of automated teller machines		135			135			136			137			137			129			131			129			127			127			127			129

Note:

Discussion of footnotes (1) and (2) are located at the end of this document.

First Midwest Bancorp, Inc.

Selected Financial Information

(Amounts in thousands, except per share data)


	2011									2010															2009									2008
	June 30/ YTD			2nd Quarter			1st Quarter			Dec. 31/ YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/ YTD			4th Quarter			3rd Quarter			Dec. 31/ YTD
Core Operating Earnings
Income before income tax	$	23,917		$	13,669		$	10,248		$	(38,228	)	$	(53,225	)	$	(1,387	)	$	7,948		$	8,436		$	(75,926	)	$	(65,833	)	$	(2,569	)	$	36,045
Provision for credit losses		38,255			18,763			19,492			147,349			73,897			33,576			21,526			18,350			215,672			93,000			38,000			70,254

Pre-tax, pre-provision earnings		62,172			32,432			29,740			109,121			20,672			32,189			29,474			26,786			139,746			27,167			35,431			106,299
Non-operating items:
Security gains (losses), net		2,071			1,531			540			12,216			1,662			6,376			1,121			3,057			2,110			(5,772	)		(6,975	)		(35,611	)
Gains on FDIC-assisted transactions		—			—			—			4,303			—			—			4,303			—			13,071			13,071			—			—
Integration costs associated with FDIC- assisted transactions		—			—			—			(3,324	)		(576	)		(847	)		(1,772	)		(129	)		—			—			—			—
Gains on early extinguishment of debt		—			—			—			—			—			—			—			—			15,258			1,267			13,991			—
BOLI write-downs		—			—			—			—			—			—			—			—			—			—			—			(10,360	)
Losses realized on OREO		(5,650	)		(3,423	)		(2,227	)		(40,480	)		(15,412	)		(8,265	)		(8,924	)		(7,879	)		(18,554	)		(14,051	)		(1,801	)		(1,566	)
FDIC special deposit insurance assessment		—			—			—			—			—			—			—			—			(3,500	)		—			—			—

Total non-operating items		(3,579	)		(1,892	)		(1,687	)		(27,285	)		(14,326	)		(2,736	)		(5,272	)		(4,951	)		8,385			(5,485	)		5,215			(47,537	)

Pre-tax, pre-provision core operating earnings	$	65,751		$	34,324		$	31,427		$	136,406		$	34,998		$	34,925		$	34,746		$	31,737		$	131,361		$	32,652		$	30,216		$	153,836

Parent Company Data:
Parent investment in subsidiaries - end of period	$	1,174,139		$	1,174,139		$	1,190,525		$	1,173,342		$	1,173,342		$	1,216,074		$	1,204,551		$	1,188,859		$	1,008,836		$	1,008,836		$	947,040		$	921,548
Risk-Based Capital Data:
Preferred stock	$	191,220		$	191,220		$	191,050		$	190,882		$	190,882		$	190,716		$	190,553		$	190,392		$	190,233		$	190,233		$	190,076		$	189,617
Common stock		858			858			858			858			858			858			858			858			670			670			670			613
Accumulated paid in capital		424,877			424,877			422,405			437,550			437,550			436,774			435,605			434,704			252,322			252,322			251,423			210,698
Retained earnings		802,072			802,072			794,569			787,678			787,678			819,157			819,890			815,395			810,626			810,626			851,178			837,390
Treasury stock		(262,097	)		(262,097	)		(260,633	)		(277,184	)		(277,184	)		(278,243	)		(278,591	)		(278,703	)		(293,664	)		(293,664	)		(293,551	)		(311,997	)
Trust preferred securities		84,730			84,730			84,730			84,730			84,730			84,730			84,730			84,730			84,730			84,730			84,730			125,000
Minority interest		—			—			—			—			—			1			1			3			5			5			111			111
Unrealized loss on equity securities		—			—			—			—			—			—			—			—			—			—			—			(126	)
Intangible assets		(284,120	)		(284,120	)		(284,785	)		(286,033	)		(286,033	)		(287,173	)		(281,255	)		(280,477	)		(281,479	)		(281,479	)		(281,614	)		(284,548	)
Disallowed deferred tax assets		(41,363	)		(41,363	)		(43,392	)		(41,071	)		(41,071	)		(13,662	)		(1,761	)		—			—			—			—			—

Tier 1 capital		916,177			916,177			904,802			897,410			897,410			953,158			970,030			966,902			763,443			763,443			803,023			766,758
Tier 2 capital		129,595			129,595			130,023			130,341			130,341			131,554			130,949			131,114			131,836			131,836			149,073			182,675

Total capital	$	1,045,772		$	1,045,772		$	1,034,825		$	1,027,751		$	1,027,751		$	1,084,712		$	1,100,979		$	1,098,016		$	895,279		$	895,279		$	952,096		$	949,433

Risk-adjusted assets	$	6,261,926		$	6,261,926		$	6,291,171		$	6,316,971		$	6,316,971		$	6,415,303		$	6,361,397		$	6,372,521		$	6,424,597		$	6,424,597		$	6,234,283		$	6,609,359
Tier 1 common capital		638,447			638,447			627,072			619,680			619,680			675,428			692,300			689,172			485,713			485,713			525,293			449,428
Tangible common equity		664,471			664,471			646,091			633,012			633,012			679,886			681,257			670,291			467,042			467,042			508,965			431,401
Tangible common equity excluding OCI		679,810			679,810			670,464			660,751			660,751			689,089			694,060			689,169			485,708			485,708			525,182			449,443
Adjusted average assets		7,862,447			7,862,447			7,795,895			7,996,836			7,996,836			7,904,648			7,640,068			7,404,963			7,496,478			7,496,478			7,636,913			8,146,655
Total capital / risk-weighted assets		16.70	%		16.70	%		16.45	%		16.27	%		16.27	%		16.91	%		17.31	%		17.23	%		13.94	%		13.94	%		15.27	%		14.36	%
Tier 1 capital / risk-weighted assets		14.63	%		14.63	%		14.38	%		14.21	%		14.21	%		14.86	%		15.25	%		15.17	%		11.88	%		11.88	%		12.88	%		11.60	%
Leverage ratio		11.65	%		11.65	%		11.61	%		11.16	%		11.16	%		11.99	%		12.70	%		13.06	%		10.18	%		10.18	%		10.52	%		9.41	%
Tier 1 common capital / risk-weighted assets		10.20	%		10.20	%		9.97	%		9.81	%		9.81	%		10.53	%		10.88	%		10.81	%		7.56	%		7.56	%		8.43	%		6.79	%
Tangible common equity ratio		8.47	%		8.47	%		8.34	%		8.06	%		8.06	%		8.41	%		9.05	%		9.17	%		6.29	%		6.29	%		6.88	%		5.23	%
Tangible common equity ratio, excluding OCI		8.67	%		8.67	%		8.65	%		8.41	%		8.41	%		8.53	%		9.22	%		9.42	%		6.54	%		6.54	%		7.10	%		5.45	%
Tangible common equity / risk-weighted assets		10.61	%		10.61	%		10.27	%		10.02	%		10.02	%		10.60	%		10.71	%		10.52	%		7.27	%		7.27	%		8.16	%		6.53	%

First Midwest Bancorp, Inc.

Selected Financial Information

(Amounts in thousands, except per share data)


	2011									2010															2009									2008
	June 30/ YTD			2nd Quarter			1st Quarter			Dec. 31/ YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/ YTD			4th Quarter			3rd Quarter			Dec. 31/ YTD
Asset Quality Performance Data:
Ending loans, excluding covered loans		5,112,911			5,112,911			5,095,543			5,100,560			5,100,560			5,164,666			5,208,347			5,195,874			5,203,246			5,203,246			5,306,068			5,360,063
Average loans, excluding covered loans		5,092,126			5,108,234			5,075,840			5,191,154			5,155,416			5,207,419			5,204,566			5,197,499			5,348,979			5,304,690			5,346,769			5,149,879
*Non-accrual loans:*
Commercial and industrial	$	44,393		$	44,393		$	54,561		$	50,088		$	50,088		$	40,955		$	39,942		$	38,095		$	28,193		$	28,193		$	45,134		$	15,586
Agricultural		1,009			1,009			1,171			2,497			2,497			3,495			1,139			2,532			2,673			2,673			2,384			12
Commercial real estate:
Office, retail, and industrial		16,567			16,567			16,753			19,573			19,573			21,721			17,170			18,204			21,396			21,396			15,738			2,533
Multi-family		23,385			23,385			6,787			6,203			6,203			6,813			7,904			8,349			12,486			12,486			15,910			1,387
Residential construction		23,576			23,576			36,326			52,122			52,122			61,050			71,148			93,412			112,798			112,798			138,593			97,060
Commercial construction		21,449			21,449			20,980			28,685			28,685			21,471			20,457			20,023			20,864			20,864			2,908			2,092
Other commercial real estate		36,984			36,984			38,732			40,605			40,605			44,516			21,950			21,806			32,357			32,357			22,910			4,822
1-4 family mortgages		4,577			4,577			3,362			3,902			3,902			3,310			5,706			5,826			5,819			5,819			4,975			857
Consumer		5,555			5,555			7,891			8,107			8,107			8,035			8,273			7,826			7,629			7,629			8,253			3,419

Total non-accrual loans		177,495			177,495			186,563			211,782			211,782			211,366			193,689			216,073			244,215			244,215			256,805			127,768
Loans past due 90 days and still accruing		6,502			6,502			5,231			4,244			4,244			9,136			6,280			7,995			4,079			4,079			5,960			36,999

Total non-performing loans		183,997			183,997			191,794			216,026			216,026			220,502			199,969			224,068			248,294			248,294			262,765			164,767
Restructured, accruing loans		14,529			14,529			14,120			22,371			22,371			11,002			9,030			5,168			30,553			30,553			26,718			7,344
Other real estate owned		24,407			24,407			33,863			31,069			31,069			52,044			57,023			62,565			57,137			57,137			57,945			24,368

Total non-performing assets		222,933			222,933			239,777			269,466			269,466			283,548			266,022			291,801			335,984			335,984			347,428			196,479
Loans past due 30-89 days and still accruing		30,424			30,424			28,927			23,646			23,646			41,590			32,012			28,018			37,912			37,912			44,346			116,206
*Allowance for credit losses:*
Allowance for loan losses	$	137,331		$	137,331		$	142,503		$	142,572		$	142,572		$	144,569		$	145,027		$	144,824		$	144,808		$	144,808		$	134,269		$	93,869
Reserve for unfunded commitments		2,500			2,500			2,500			2,500			2,500			450			450			—			—			—			—			—

Total allowance for credit losses		139,831			139,831			145,003			145,072			145,072			145,019			145,477			144,824			144,808			144,808			134,269			93,869
Loan loss provision		38,255			18,763			19,492			147,349			73,897			33,576			21,526			18,350			215,672			93,000			38,000			70,254
*Net charge-offs by category:*
Commercial and industrial		8,713			5,585			3,128			30,602			10,198			13,262			2,679			4,463			55,004			23,320			12,585			13,026
Agricultural		808			799			9			1,301			125			489			546			141			180			180			—			38
Commercial real estate:
Office, retail, and industrial		1,792			609			1,183			9,710			2,888			2,825			2,353			1,644			7,856			3,265			3,496			732
Multi-family		7,201			6,652			549			2,425			1,206			222			485			512			3,483			2,325			29			1,796
Residential construction		6,317			899			5,418			54,841			35,935			4,460			9,994			4,452			62,642			38,315			5,181			15,780
Commercial construction		394			133			261			8,356			7,743			228			115			270			3,220			2,714			(228	)		—
Other commercial real estate		7,465			2,107			5,358			28,375			12,202			10,217			1,507			4,449			18,297			9,137			6,628			1,248
1-4 family mortgages		586			340			246			982			238			363			261			120			930			168			216			576
Consumer		5,020			2,703			2,317			8,918			2,374			1,979			2,282			2,283			13,121			3,037			3,352			4,989

Net charge-offs, excluding covered assets		38,296			19,827			18,469			145,510			72,909			34,045			20,222			18,334			164,733			82,461			31,259			38,185
Charge-offs on covered assets		5,200			4,108			1,092			1,575			935			(11	)		651			—			—			—			—			—

Total net charge-offs		43,496			23,935			19,561			147,085			73,844			34,034			20,873			18,334			164,733			82,461			31,259			38,185
*Asset Quality ratios:*
Non-accrual loans / loans		3.47	%		3.47	%		3.66	%		4.15	%		4.15	%		4.09	%		3.72	%		4.16	%		4.69	%		4.69	%		4.84	%		2.38	%
Non-performing loans / loans		3.60	%		3.60	%		3.76	%		4.24	%		4.24	%		4.27	%		3.84	%		4.31	%		4.77	%		4.77	%		4.95	%		3.07	%
Non-performing assets / loans plus OREO		4.34	%		4.34	%		4.67	%		5.25	%		5.25	%		5.44	%		5.05	%		5.55	%		6.39	%		6.39	%		6.48	%		3.65	%
Non-performing assets / tangible common equity plus allowance for credit losses		27.72	%		27.72	%		30.31	%		34.63	%		34.63	%		34.37	%		32.18	%		35.80	%		54.91	%		54.91	%		54.01	%		37.41	%
Non-accrual loans / total assets		2.18	%		2.18	%		2.32	%		2.60	%		2.60	%		2.53	%		2.48	%		2.85	%		3.17	%		3.17	%		3.34	%		1.50	%
*Loan loss ratios:*
Allowance for credit losses / loans		2.73	%		2.73	%		2.85	%		2.84	%		2.84	%		2.81	%		2.79	%		2.79	%		2.78	%		2.78	%		2.53	%		1.75	%
Allowance for credit losses / non-accrual loans		78.78	%		78.78	%		77.72	%		68.50	%		68.50	%		68.61	%		75.11	%		67.03	%		59.30	%		59.30	%		52.28	%		73.47	%
Allowance for credit losses / non-performing loans		76.00	%		76.00	%		75.60	%		67.15	%		67.15	%		65.77	%		72.75	%		1			58.32	%		58.32	%		51.10	%		56.97	%
Net charge-offs to average net loans		1.52	%		1.56	%		1.48	%		2.80	%		5.61	%		2.59	%		1.56	%		1.43	%		3.08	%		6.17	%		2.32	%		0.74	%

Footnotes:

(1)	Tax equivalent basis reflects federal and state tax benefits.

(2)	Annualized based on the number of days outstanding for each period presented.

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FIRST MIDWEST BANCORP INC Reports