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	d290125d8k.htm
EX-99.1 - PRESS RELEASE - FIRST MIDWEST BANCORP INC	d290125dex991.htm

Exhibit 99.2

First Midwest Bancorp, Inc.

Selected Financial Information

(Amounts in thousands, except per share data)


	2011															2010															2009			2008
	Dec. 31/YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			Dec. 31/YTD
Period-End Balance Sheet
Cash and cash equivalents	$	641,530		$	641,530		$	1,062,333		$	711,469		$	526,460		$	585,776		$	585,776		$	735,945		$	373,080		$	126,914		$	127,379		$	114,308
Securities available-for-sale		1,013,006			1,013,006			970,430			1,009,873			1,057,758			1,057,802			1,057,802			1,058,609			1,090,109			1,152,039			1,266,760			2,216,186
Securities held-to-maturity		60,458			60,458			74,375			76,142			81,218			81,320			81,320			85,687			87,843			90,449			84,182			84,306
FHLB and FRB stock		58,187			58,187			58,187			58,187			61,338			61,338			61,338			62,038			59,864			59,428			56,428			54,767
Loans held-for-sale		4,200			4,200			4,620			1,595			3,800			236			236			1,168			—			—			—			—
*Loans:*
Commercial and industrial		1,458,446			1,458,446			1,476,034			1,518,772			1,493,465			1,465,903			1,465,903			1,472,439			1,494,119			1,454,714			1,438,063			1,490,101
Agricultural		243,776			243,776			250,436			237,518			234,898			227,756			227,756			212,800			199,597			200,527			209,945			216,814
Commercial real estate:
Office, retail, and industrial		1,299,082			1,299,082			1,263,315			1,229,100			1,205,880			1,203,613			1,203,613			1,215,649			1,220,191			1,239,583			1,212,965			1,025,241
Multi-family		288,336			288,336			317,313			336,138			344,645			349,862			349,862			350,458			369,281			348,178			333,961			286,963
Residential construction		105,836			105,836			116,283			129,327			151,887			174,690			174,690			226,126			241,094			276,322			313,919			509,059
Commercial construction		144,909			144,909			145,889			146,679			153,392			164,472			164,472			193,041			202,041			233,662			231,518			356,575
Other commercial real estate		888,146			888,146			877,241			852,966			850,334			856,357			856,357			837,877			831,723			790,502			798,983			729,329
1-4 family mortgages		201,099			201,099			189,587			185,002			178,538			160,890			160,890			150,110			145,457			139,840			139,983			198,197
Consumer		458,483			458,483			468,396			477,409			482,504			497,017			497,017			506,166			504,844			512,546			523,909			547,784

Total loans, excluding covered loans		5,088,113			5,088,113			5,104,494			5,112,911			5,095,543			5,100,560			5,100,560			5,164,666			5,208,347			5,195,874			5,203,246			5,360,063
Covered loans		260,502			260,502			289,747			314,942			349,446			371,729			371,729			396,121			164,924			144,369			146,319			—
Allowance for loan losses		(119,462	)		(119,462	)		(128,791	)		(137,331	)		(142,503	)		(142,572	)		(142,572	)		(144,569	)		(145,027	)		(144,824	)		(144,808	)		(93,869	)

Net loans		5,229,153			5,229,153			5,265,450			5,290,522			5,302,486			5,329,717			5,329,717			5,416,218			5,228,244			5,195,419			5,204,757			5,266,194
Other real estate owned		33,975			33,975			23,863			24,407			33,863			31,069			31,069			52,044			57,023			62,565			57,137			24,368
Covered other real estate owned		23,455			23,455			21,594			14,583			21,543			22,370			22,370			24,222			10,657			8,649			8,981			—
FDIC indemnification asset		65,609			65,609			63,508			95,752			85,386			95,899			95,899			95,641			75,991			54,591			67,945			—
Investment in bank owned life insurance		206,235			206,235			205,886			198,149			197,889			197,644			197,644			198,666			198,399			198,201			197,962			198,533
Goodwill and other intangible assets		283,650			283,650			283,163			284,120			284,785			286,033			286,033			287,173			281,255			280,477			281,479			284,548
Other assets		354,136			354,136			346,765			364,592			379,791			389,098			389,098			350,412			342,624			364,175			357,662			285,131

Total assets	$	7,973,594		$	7,973,594		$	8,380,174		$	8,129,391		$	8,036,317		$	8,138,302		$	8,138,302		$	8,367,823		$	7,805,089		$	7,592,907		$	7,710,672		$	8,528,341

*Deposits:*
Demand deposits	$	1,593,773		$	1,593,773		$	1,634,623		$	1,494,390		$	1,346,698		$	1,329,505		$	1,329,505		$	1,284,940		$	1,188,356		$	1,129,777		$	1,133,756		$	1,040,763
Interest bearing deposits		4,885,402			4,885,402			4,991,985			5,001,159			5,073,196			5,181,971			5,181,971			5,392,319			4,935,209			4,734,327			4,751,523			4,544,991

Total deposits		6,479,175			6,479,175			6,626,608			6,495,549			6,419,894			6,511,476			6,511,476			6,677,259			6,123,565			5,864,104			5,885,279			5,585,754
Borrowed funds		205,371			205,371			386,429			272,024			273,342			303,974			303,974			323,077			328,470			387,163			691,176			1,698,334
Senior and subordinated debt		252,153			252,153			137,751			137,748			137,746			137,744			137,744			137,741			137,739			137,737			137,735			232,409
Other liabilities		74,308			74,308			76,953			82,479			81,459			73,063			73,063			69,687			59,803			60,135			54,961			103,565
Stockholders’ equity		962,587			962,587			1,152,433			1,141,591			1,123,876			1,112,045			1,112,045			1,160,059			1,155,512			1,143,768			941,521			908,279

Total liabilities and stockholders’ equity	$	7,973,594		$	7,973,594		$	8,380,174		$	8,129,391		$	8,036,317		$	8,138,302		$	8,138,302		$	8,367,823		$	7,805,089		$	7,592,907		$	7,710,672		$	8,528,341

Stockholders’ equity, excluding OCI		975,863			975,863			1,163,846			1,156,930			1,148,249			1,139,784			1,139,784			1,169,262			1,168,315			1,162,646			960,187			926,321
Stockholders’ equity, common		962,587			962,587			959,433			948,591			930,876			919,045			919,045			967,059			962,512			950,768			748,521			715,949
Stockholders’ equity, common excluding OCI		975,863			975,863			970,846			963,930			955,249			946,784			946,784			976,262			975,315			969,646			767,187			733,991
Stockholders’ equity, preferred		—			—			193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			193,000			192,330
Trust assets under management		4,391,946			4,391,946			4,309,813			4,498,428			4,583,213			4,467,917			4,467,917			4,272,051			3,982,468			3,994,772			3,801,609			3,527,028
Average Balance Sheet
Total assets	$	8,159,906		$	8,142,503		$	8,229,780		$	8,171,095		$	8,094,951		$	8,024,654		$	8,314,634		$	8,203,617		$	7,905,364		$	7,665,781		$	8,064,109		$	8,225,440
Investment securities		1,110,619			1,069,844			1,057,075			1,150,221			1,166,991			1,207,036			1,139,127			1,178,794			1,213,455			1,298,832			1,747,212			2,200,585
FHLB and FRB stock		59,352			58,187			58,187			59,745			61,338			60,249			61,703			60,998			59,758			58,495			55,081			54,767
Total loans, excluding covered loans		5,101,621			5,085,792			5,136,130			5,108,234			5,075,840			5,191,154			5,155,416			5,207,419			5,204,566			5,197,499			5,348,979			5,149,879
Covered loans and FDIC indemnification asset		398,559			343,479			387,635			420,108			444,242			323,595			480,612			367,727			233,907			208,663			28,049			—
Other earning assets		639,984			732,051			758,030			582,570			483,252			382,023			609,391			464,793			314,480			55,275			102,801			35,310

Total interest-earning assets		7,310,135			7,289,353			7,397,057			7,320,878			7,231,663			7,164,057			7,446,249			7,279,731			7,026,166			6,818,764			7,282,122			7,440,541
*Deposits:*
Demand deposits		1,498,900			1,613,221			1,569,671			1,465,438			1,342,013			1,224,629			1,348,188			1,242,257			1,181,097			1,124,320			1,061,208			1,043,972
Interest-bearing demand deposits		6			24			—			—			—			—															—			—
Savings deposits		934,937			952,962			940,151			944,802			901,205			815,371			864,334			832,672			803,353			759,786			751,386			792,524
NOW accounts		1,091,178			1,062,969			1,129,893			1,126,913			1,044,280			1,082,774			1,075,642			1,173,347			1,157,246			922,179			984,529			935,429
Money market deposits		1,230,090			1,237,600			1,236,546			1,205,736			1,240,439			1,199,362			1,302,325			1,226,314			1,155,889			1,110,519			937,766			787,218

Core transactional deposits		4,755,111			4,866,776			4,876,261			4,742,889			4,527,937			4,322,136			4,590,489			4,474,590			4,297,585			3,916,804			3,734,889			3,559,143

Time deposits		1,792,009			1,688,995			1,731,413			1,813,164			1,937,890			1,991,637			2,069,389			2,022,721			1,916,116			1,956,745			2,001,207			2,172,379

Total deposits		6,547,120			6,555,771			6,607,674			6,556,053			6,465,827			6,313,773			6,659,878			6,497,311			6,213,701			5,873,549			5,736,096			5,731,522
Borrowed funds		265,702			252,839			262,001			262,525			285,847			359,174			281,050			337,905			342,808			477,323			1,118,792			1,438,908
Senior and subordinated debt		150,285			187,488			137,749			137,747			137,745			137,739			137,743			137,740			137,738			137,736			208,621			231,961

Total funding sources		6,963,107			6,996,098			7,007,424			6,956,325			6,889,419			6,810,686			7,078,671			6,972,956			6,694,247			6,488,608			7,063,509			7,402,391
Stockholders’ equity		1,119,523			1,072,684			1,148,548			1,134,770			1,122,315			1,148,219			1,156,263			1,163,661			1,152,394			1,119,866			927,673			764,731
Stockholders’ equity, common		947,145			961,500			955,548			941,770			929,315			955,219			963,263			970,661			959,394			926,866			734,673			750,497
Stockholders’ equity, preferred		172,378			111,184			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
	Dec. 31/YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			Dec. 31/YTD
Income Statement
Interest income	$	321,511		$	78,757		$	80,175		$	81,296		$	81,283		$	328,867		$	82,476		$	82,338		$	82,274		$	81,779		$	341,751		$	409,207
Interest expense		39,891			9,679			9,640			9,935			10,637			49,518			10,897			12,125			12,655			13,841			90,219			162,610

Net interest income		281,620			69,078			70,535			71,361			70,646			279,349			71,579			70,213			69,619			67,938			251,532			246,597
Provision for loan losses		80,582			21,902			20,425			18,763			19,492			147,349			73,897			33,576			21,526			18,350			215,672			70,254
Service charges on deposit accounts		37,879			9,957			10,215			9,563			8,144			35,884			9,202			9,249			9,052			8,381			38,754			44,987
Trust and investment advisory fees		16,224			4,044			3,946			4,118			4,116			15,063			4,040			3,728			3,702			3,593			14,059			15,130
Other service charges, commissions, and fees		20,486			4,885			5,325			5,362			4,914			18,238			4,506			4,932			4,628			4,172			16,529			18,846
Card-based fees		19,593			4,971			4,931			5,162			4,529			17,577			4,640			4,547			4,497			3,893			15,826			16,143

Total fee-based revenue		94,182			23,857			24,417			24,205			21,703			86,762			22,388			22,456			21,879			20,039			85,168			95,106
Bank owned life insurance income		2,231			241			1,479			259			252			1,560			696			267			349			248			2,263			(2,369	)
Security gains (losses), net		2,410			(110	)		449			1,531			540			12,216			1,662			6,376			1,121			3,057			2,110			(35,611	)
Gains on FDIC-assisted transactions		—			—			—			—			—			4,303			—			—			4,303			—			13,071			—
Gain on acquisition of deposits		1,076			1,076			—			—			—			—			—			—			—			—			—			—
Gains on early extinguishment of debt		—			—			—			—			—			—			—			—			—			—			15,258			—
Other		2,038			1,571			(1,754	)		499			1,722			3,710			1,421			1,654			(342	)		977			5,132			(3,119	)

Total noninterest income		101,937			26,635			24,591			26,494			24,217			108,551			26,167			30,753			27,310			24,321			123,002			54,007
Salaries and employee benefits		128,774			35,220			29,182			31,554			32,818			114,378			31,028			29,926			26,540			26,884			106,548			99,910
Net occupancy and equipment expense		32,953			7,681			8,157			8,012			9,103			32,218			7,916			8,326			7,808			8,168			31,724			33,334
FDIC premiums		7,990			1,758			1,799			1,708			2,725			10,880			2,967			2,835			2,546			2,532			13,673			1,065
Losses realized on OREO		9,686			1,425			2,611			3,423			2,227			40,480			15,412			8,265			8,924			7,879			18,554			1,566
Other real estate expense, net		6,607			1,540			1,563			1,800			1,704			9,554			2,408			1,312			2,926			2,908			4,905			1,843
Other intangibles amortization		3,802			932			957			956			957			4,278			1,139			1,107			1,029			1,003			3,929			4,378
Other expenses		72,092			18,035			19,907			18,266			15,884			66,991			16,204			17,006			17,682			16,099			55,455			52,209

Total noninterest expense		261,904			66,591			64,176			65,719			65,418			278,779			77,074			68,777			67,455			65,473			234,788			194,305
Income before income tax		41,071			7,220			10,525			13,373			9,953			(38,228	)		(53,225	)		(1,387	)		7,948			8,436			(75,926	)		36,045
Income tax		4,508			296			1,583			2,720			(91	)		(28,544	)		(25,066	)		(3,972	)		139			355			(50,176	)		(13,291	)

Net income	$	36,563		$	6,924		$	8,942		$	10,653		$	10,044		$	(9,684	)	$	(28,159	)	$	2,585		$	7,809		$	8,081		$	(25,750	)	$	49,336

Net income applicable to common shares	$	25,437		$	3,362		$	6,434		$	8,144		$	7,497		$	(19,717	)	$	(30,327	)	$	11		$	5,171		$	5,428		$	(35,551	)	$	48,482
Basic earnings per common share	$	0.35		$	0.05		$	0.09		$	0.11		$	0.10		$	(0.27	)	$	(0.41	)	$	0.00		$	0.07		$	0.08		$	(0.71	)	$	1.00
Diluted earnings per common share	$	0.35		$	0.05		$	0.09		$	0.11		$	0.10		$	(0.27	)	$	(0.41	)	$	0.00		$	0.07		$	0.08		$	(0.71	)	$	1.00
Weighted average shares outstanding		73,289			73,379			73,361			73,259			73,151			72,422			73,085			73,072			73,028			70,469			50,034			48,462
Weighted average diluted shares outstanding		73,289			73,379			73,361			73,259			73,151			72,422			73,085			73,072			73,028			70,469			50,034			48,515
Tax equivalent adjustment ⁽¹⁾	$	13,818		$	3,339		$	3,395		$	3,517		$	3,567		$	16,312		$	3,742		$	4,053		$	4,265		$	4,252		$	19,658		$	22,225
Net interest income (FTE) ⁽¹⁾	$	295,438		$	72,417		$	73,930		$	74,878		$	74,213		$	295,661		$	75,321		$	74,266		$	73,884		$	72,190		$	271,190		$	268,822
Common stock and related per common share data:
Book value	$	12.93		$	12.93		$	12.88		$	12.74		$	12.49		$	12.40		$	12.40		$	13.06		$	13.00		$	12.84		$	13.66		$	14.72
Tangible book value		9.12			9.12			9.08			8.92			8.67			8.54			8.54			9.18			9.20			9.05			8.52			8.87
Dividends declared per share		0.040			0.010			0.010			0.010			0.010			0.040			0.010			0.010			0.010			0.010			0.040			1.155
Market price—period high		13.48			10.31			12.72			13.48			13.07			17.95			13.13			13.43			17.95			14.43			20.25			40.09
Market price—period low		6.89			6.89			7.22			11.05			10.79			9.26			9.26			10.72			12.10			10.37			5.94			13.56
Closing price at period end	$	10.13		$	10.13		$	7.32		$	12.29		$	11.79		$	11.52		$	11.52		$	11.53		$	12.16		$	13.55		$	10.89		$	19.97
Closing price to book value		0.8			0.8			0.6			1.0			0.9			0.9			0.9			0.9			0.9			1.1			0.8			1.4
Period end shares outstanding		74,435			74,435			74,485			74,473			74,543			74,096			74,096			74,057			74,049			74,046			54,793			48,630
Period end treasury shares		11,352			11,352			11,302			11,314			11,244			11,691			11,691			11,730			11,738			11,741			12,176			12,696
Number of shares repurchased		—			—			—			—			—			—			—			—			—			—			—			5
Common dividends	$	2,978		$	744		$	745		$	743		$	746		$	2,965		$	741		$	743		$	741		$	740		$	2,020		$	56,206
Preferred dividends	$	8,658		$	1,420		$	2,413		$	2,412		$	2,413		$	9,650		$	2,413		$	2,412		$	2,412		$	2,413		$	9,650		$	670
Other Key Ratios/Data:
Return on average common equity ⁽²⁾		2.69	%		1.39	%		2.67	%		3.47	%		3.27	%		-2.06	%		-12.49	%		0.00	%		2.16	%		2.38	%		-4.84	%		6.46	%
Return on average assets ⁽²⁾		0.45	%		0.34	%		0.43	%		0.52	%		0.50	%		-0.12	%		-1.34	%		0.13	%		0.40	%		0.43	%		-0.32	%		0.60	%
Net interest margin ⁽¹⁾		4.04	%		3.95	%		3.97	%		4.10	%		4.15	%		4.13	%		4.02	%		4.05	%		4.21	%		4.28	%		3.72	%		3.61	%
Yield on average earning assets ⁽¹⁾		4.59	%		4.47	%		4.49	%		4.64	%		4.75	%		4.82	%		4.60	%		4.72	%		4.94	%		5.10	%		4.96	%		5.80	%
Cost of funds		0.73	%		0.71	%		0.70	%		0.73	%		0.78	%		0.89	%		0.75	%		0.84	%		0.92	%		1.05	%		1.50	%		2.56	%
Efficiency ratio ⁽¹⁾		62.12	%		64.76	%		60.57	%		60.49	%		62.70	%		58.84	%		59.08	%		59.91	%		57.92	%		58.41	%		57.86	%		53.49	%
Net noninterest expense ratio ⁽²⁾		2.00	%		1.99	%		1.93	%		2.00	%		2.09	%		2.33	%		2.51	%		2.15	%		2.31	%		2.34	%		1.76	%		1.27	%
Effective income tax rate		10.98	%		4.10	%		15.04	%		20.34	%		-0.91	%		74.67	%		47.09	%		286.37	%		1.75	%		4.21	%		66.09	%		-36.87	%
Full time equivalent employees—end of period		1,791			1,791			1,833			1,846			1,845			1,838			1,838			1,884			1,762			1,729			1,739			1,809
Number of bank offices		98			98			96			96			97			98			98			100			95			94			94			97
Number of automated teller machines		132			132			133			135			136			137			137			129			131			129			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
	Dec. 31/YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			Dec. 31/YTD
Pre-Tax, Pre-Provision Earnings
Income before income tax	$	41,071		$	7,220		$	10,525		$	13,373		$	9,953		$	(38,228	)	$	(53,225	)	$	(1,387	)	$	7,948		$	8,436		$	(75,926	)	$	36,045
Provision for credit losses		80,582			21,902			20,425			18,763			19,492			147,349			73,897			33,576			21,526			18,350			215,672			70,254

Pre-tax, pre-provision earnings		121,653			29,122			30,950			32,136			29,445			109,121			20,672			32,189			29,474			26,786			139,746			106,299
Non-operating items:
Security gains (losses), net		2,410			(110	)		449			1,531			540			12,216			1,662			6,376			1,121			3,057			2,110			(35,611	)
Gains on FDIC-assisted transactions		—			—			—			—			—			4,303			—			—			4,303			—			13,071			—
Gain on acquisition of deposits		1,076			1,076			—			—			—			—			—			—			—			—			—			—
Gains on early extinguishment of debt		—			—			—			—			—			—			—			—			—			—			15,258			—
BOLI write-downs		—			—			—			—			—			—			—			—			—			—			—			(10,360	)
Losses realized on OREO		(9,686	)		(1,425	)		(2,611	)		(3,423	)		(2,227	)		(40,480	)		(15,412	)		(8,265	)		(8,924	)		(7,879	)		(18,554	)		(1,566	)
Severence-related costs stemming from a reduction in workforce		(2,000	)		(2,000	)		—			—			—			—			—			—			—			—			—			—
Integration costs associated with FDIC- assisted transactions		—			—			—			—			—			(3,324	)		(576	)		(847	)		(1,772	)		(129	)		—			—
FDIC special deposit insurance assessment		—			—			—			—			—			—			—			—			—			—			(3,500	)		—

Total non-operating items		(8,200	)		(2,459	)		(2,162	)		(1,892	)		(1,687	)		(27,285	)		(14,326	)		(2,736	)		(5,272	)		(4,951	)		8,385			(47,537	)

Pre-tax, pre-provision operating earnings	$	129,853		$	31,581		$	33,112		$	34,028		$	31,132		$	136,406		$	34,998		$	34,925		$	34,746		$	31,737		$	131,361		$	153,836

Parent Company Data:
Parent investment in subsidiaries—end of period	$	1,135,894		$	1,135,894		$	1,181,190		$	1,174,139		$	1,190,525		$	1,173,342		$	1,173,342		$	1,216,074		$	1,204,551		$	1,188,859		$	1,008,836		$	921,548
Risk-Based Capital Data:
Preferred stock	$	—		$	—		$	191,393		$	191,220		$	191,050		$	190,882		$	190,882		$	190,716		$	190,553		$	190,392		$	190,233		$	189,617
Common stock		858			858			858			858			858			858			858			858			858			858			670			613
Accumulated paid in capital		428,001			428,001			425,647			424,877			422,405			437,550			437,550			436,774			435,605			434,704			252,322			210,698
Retained earnings		810,487			810,487			807,857			802,072			794,569			787,678			787,678			819,157			819,890			815,395			810,626			837,390
Treasury stock		(263,483	)		(263,483	)		(261,909	)		(262,097	)		(260,633	)		(277,184	)		(277,184	)		(278,243	)		(278,591	)		(278,703	)		(293,664	)		(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			111
Unrealized loss on equity securities		—			—			—			—			—			—			—			—			—			—			—			(126	)
Intangible assets		(283,650	)		(283,650	)		(283,163	)		(284,120	)		(284,785	)		(286,033	)		(286,033	)		(287,173	)		(281,255	)		(280,477	)		(281,479	)		(284,548	)
Disallowed deferred tax assets		(52,080	)		(52,080	)		(44,858	)		(41,363	)		(43,392	)		(41,071	)		(41,071	)		(13,662	)		(1,761	)		—			—			—

Tier 1 capital		724,863			724,863			920,555			916,177			904,802			897,410			897,410			953,158			970,030			966,902			763,443			766,758
Tier 2 capital		129,098			129,098			129,277			129,595			130,033			130,351			130,351			131,564			130,949			131,114			131,836			182,675

Total capital	$	853,961		$	853,961		$	1,049,832		$	1,045,772		$	1,034,835		$	1,027,761		$	1,027,761		$	1,084,722		$	1,100,979		$	1,098,016		$	895,279		$	949,433

Risk-adjusted assets	$	6,241,191		$	6,241,191		$	6,244,066		$	6,261,926		$	6,291,984		$	6,317,744		$	6,317,744		$	6,416,082		$	6,361,397		$	6,372,521		$	6,424,597		$	6,609,359
Tier 1 common capital		640,133			640,133			642,825			638,447			627,072			619,680			619,680			675,428			692,300			689,172			485,713			449,428
Tangible common equity		678,937			678,937			676,270			664,471			646,091			633,012			633,012			679,886			681,257			670,291			467,042			431,401
Tangible common equity excluding OCI		692,213			692,213			687,683			679,810			670,464			660,751			660,751			689,089			694,060			689,169			485,708			449,443
Adjusted average assets		7,813,637			7,813,637			7,909,645			7,862,447			7,795,895			8,002,186			8,002,186			7,909,998			7,640,068			7,404,963			7,496,478			8,146,655
Total capital / risk-weighted assets		13.68	%		13.68	%		16.81	%		16.70	%		16.45	%		16.27	%		16.27	%		16.91	%		17.31	%		17.23	%		13.94	%		14.36	%
Tier 1 capital / risk-weighted assets		11.61	%		11.61	%		14.74	%		14.63	%		14.38	%		14.20	%		14.20	%		14.86	%		15.25	%		15.17	%		11.88	%		11.60	%
Leverage ratio		9.28	%		9.28	%		11.64	%		11.65	%		11.61	%		11.21	%		11.21	%		12.05	%		12.70	%		13.06	%		10.18	%		9.41	%
Tier 1 common capital / risk-weighted assets		10.26	%		10.26	%		10.29	%		10.20	%		9.97	%		9.81	%		9.81	%		10.53	%		10.88	%		10.81	%		7.56	%		6.79	%
Tangible common equity ratio		8.83	%		8.83	%		8.35	%		8.47	%		8.34	%		8.06	%		8.06	%		8.41	%		9.05	%		9.17	%		6.29	%		5.23	%
Tangible common equity ratio, excluding OCI		9.00	%		9.00	%		8.49	%		8.67	%		8.65	%		8.41	%		8.41	%		8.53	%		9.22	%		9.42	%		6.54	%		5.45	%
Tangible common equity / risk-weighted assets		10.88	%		10.88	%		10.83	%		10.61	%		10.27	%		10.02	%		10.02	%		10.60	%		10.71	%		10.52	%		7.27	%		6.53	%

First Midwest Bancorp, Inc.

Selected Financial Information

(Amounts in thousands, except per share data)


	2011															2010															2009			2008
	Dec. 31/YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			Dec. 31/YTD
Asset Quality Performance Data:
Ending loans, excluding covered loans		5,088,113			5,088,113			5,104,494			5,112,911			5,095,543			5,100,560			5,100,560			5,164,666			5,208,347			5,195,874			5,203,246			5,360,063
Average loans, excluding covered loans		5,101,621			5,085,792			5,136,130			5,108,234			5,075,840			5,191,154			5,155,416			5,207,419			5,204,566			5,197,499			5,348,979			5,149,879
*Non-accrual loans:*
Commercial and industrial	$	44,152		$	44,152		$	30,507		$	44,393		$	54,561		$	50,088		$	50,088		$	40,955		$	39,942		$	38,095		$	28,193		$	15,586
Agricultural		1,019			1,019			2,977			1,009			1,171			2,497			2,497			3,495			1,139			2,532			2,673			12
Commercial real estate:
Office, retail, and industrial		30,043			30,043			24,728			16,567			16,753			19,573			19,573			21,721			17,170			18,204			21,396			2,533
Multi-family		6,487			6,487			18,196			23,385			6,787			6,203			6,203			6,813			7,904			8,349			12,486			1,387
Residential construction		18,076			18,076			20,911			23,576			36,326			52,122			52,122			61,050			71,148			93,412			112,798			97,060
Commercial construction		23,347			23,347			15,672			21,449			20,980			28,685			28,685			21,471			20,457			20,023			20,864			2,092
Other commercial real estate		51,447			51,447			45,727			36,984			38,732			40,605			40,605			44,516			21,950			21,806			32,357			4,822
1-4 family mortgages		5,322			5,322			4,648			4,577			3,362			3,902			3,902			3,310			5,706			5,826			5,819			857
Consumer		7,432			7,432			7,823			5,555			7,891			8,107			8,107			8,035			8,273			7,826			7,629			3,419

Total non-accrual loans		187,325			187,325			171,189			177,495			186,563			211,782			211,782			211,366			193,689			216,073			244,215			127,768
Loans past due 90 days and still accruing		9,227			9,227			6,008			6,502			5,231			4,244			4,244			9,136			6,280			7,995			4,079			36,999

Total non-performing loans		196,552			196,552			177,197			183,997			191,794			216,026			216,026			220,502			199,969			224,068			248,294			164,767
Restructured, accruing loans		17,864			17,864			7,033			14,529			14,120			22,371			22,371			11,002			9,030			5,168			30,553			7,344
Other real estate owned		33,975			33,975			23,863			24,407			33,863			31,069			31,069			52,044			57,023			62,565			57,137			24,368

Total non-performing assets		248,391			248,391			208,093			222,933			239,777			269,466			269,466			283,548			266,022			291,801			335,984			196,479
Loans past due 30-89 days and still accruing		27,495			27,495			34,061			30,424			28,927			23,646			23,646			41,590			32,012			28,018			37,912			116,206
*Allowance for credit losses:*
Allowance for loan losses	$	119,462		$	119,462		$	128,791		$	137,331		$	142,503		$	142,572		$	142,572		$	144,569		$	145,027		$	144,824		$	144,808		$	93,869
Reserve for unfunded commitments		2,500			2,500			2,500			2,500			2,500			2,500			2,500			450			450			—			—			—

Total allowance for credit losses		121,962			121,962			131,291			139,831			145,003			145,072			145,072			145,019			145,477			144,824			144,808			93,869
Loan loss provision		80,582			21,902			20,425			18,763			19,492			147,349			73,897			33,576			21,526			18,350			215,672			70,254
*Net charge-offs by category:*
Commercial and industrial		27,788			8,910			10,165			5,585			3,128			30,602			10,198			13,262			2,679			4,463			55,004			13,026
Agricultural		1,469			484			177			799			9			1,301			125			489			546			141			180			38
Commercial real estate:
Office, retail, and industrial		8,114			3,779			2,543			609			1,183			9,710			2,888			2,825			2,353			1,644			7,856			732
Multi-family		14,174			4,803			2,170			6,652			549			2,425			1,206			222			485			512			3,483			1,796
Residential construction		11,065			2,498			2,250			899			5,418			54,841			35,935			4,460			9,994			4,452			62,642			15,780
Commercial construction		6,182			1,673			4,115			133			261			8,356			7,743			228			115			270			3,220			—
Other commercial real estate		14,888			3,002			4,421			2,107			5,358			28,375			12,202			10,217			1,507			4,449			18,297			1,248
1-4 family mortgages		1,102			196			320			340			246			982			238			363			261			120			930			576
Consumer		8,999			2,199			1,780			2,703			2,317			8,918			2,374			1,979			2,282			2,283			13,121			4,989

Net charge-offs, excluding covered assets		93,781			27,544			27,941			19,827			18,469			145,510			72,909			34,045			20,222			18,334			164,733			38,185
Charge-offs on covered assets		9,911			3,687			1,024			4,108			1,092			1,575			935			(11	)		651			—			—			—

Total net charge-offs		103,692			31,231			28,965			23,935			19,561			147,085			73,844			34,034			20,873			18,334			164,733			38,185
*Asset Quality ratios:*
Non-accrual loans / loans		3.68	%		3.68	%		3.35	%		3.47	%		3.66	%		4.15	%		4.15	%		4.09	%		3.72	%		4.16	%		4.69	%		2.38	%
Non-performing loans / loans		3.86	%		3.86	%		3.47	%		3.60	%		3.76	%		4.24	%		4.24	%		4.27	%		3.84	%		4.31	%		4.77	%		3.07	%
Non-performing assets / loans plus OREO		4.85	%		4.85	%		4.06	%		4.34	%		4.67	%		5.25	%		5.25	%		5.44	%		5.05	%		5.55	%		6.39	%		3.65	%
Non-performing assets / tangible common equity plus allowance for credit losses		31.01	%		31.01	%		25.77	%		27.72	%		30.31	%		34.63	%		34.63	%		34.37	%		32.18	%		35.80	%		54.91	%		37.41	%
Non-accrual loans / total assets		2.35	%		2.35	%		2.04	%		2.18	%		2.32	%		2.60	%		2.60	%		2.53	%		2.48	%		2.85	%		3.17	%		1.50	%
*Loan loss ratios:*
Allowance for credit losses / loans		2.40	%		2.40	%		2.57	%		2.73	%		2.85	%		2.84	%		2.84	%		2.81	%		2.79	%		2.79	%		2.78	%		1.75	%
Allowance for credit losses / non-accrual loans		65.11	%		65.11	%		76.69	%		78.78	%		77.72	%		68.50	%		68.50	%		68.61	%		75.11	%		67.03	%		59.30	%		73.47	%
Allowance for credit losses / non-performing loans		62.05	%		62.05	%		74.09	%		76.00	%		75.60	%		67.15	%		67.15	%		65.77	%		72.75	%		64.63	%		58.32	%		56.97	%
Net charge-offs to average net loans		1.84	%		2.15	%		2.16	%		1.56	%		1.48	%		2.80	%		5.61	%		2.59	%		1.56	%		1.43	%		3.08	%		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