MB Financial, Inc. Reports First Quarter 2012 Net Income Of $21.1 Million, Strong Pre-Tax, Pre-Provision Operating Earnings And Improving Credit Costs

(2) Includes $12.7 million for unfunded credit commitments at March 31, 2011.

(3) Accruing restructured loans consists primarily of residential real estate and home equity loans that have been modified and are performing in accordance with those modified terms.

The decreases in total non-performing loans and total non-performing assets from March 31, 2011 to June 30, 2011 were primarily due to the sale during the second quarter of 2011 of loans with an aggregate carrying amount of $281.6 million prior to the transfer to loans held for sale, $156.3 million of which were non-performing.

The following table represents a summary of OREO, excluding OREO related to assets acquired in FDIC-assisted transactions (in thousands):

			March 31,				December 31,				September 30,				June 30,				March 31,
			2012				2011				2011				2011				2011
Balance at the beginning of quarter		$	78,452			$	87,469			$	88,185			$	80,107			$	71,476
Transfers in at fair value less estimated costs to sell			2,110				4,209				15,658				15,761				25,167
Fair value adjustments			(4,764	)			(3,733	)			(2,524	)			(3,417	)			(1,314	)
Net gains (losses) on sales of OREO			416				113				170				(212	)			945
Cash received upon disposition			(13,137	)			(9,606	)			(14,020	)			(4,054	)			(16,167	)
Balance at the end of quarter		$	63,077			$	78,452			$	87,469			$	88,185			$	80,107

The following table presents data related to non-performing loans, by dollar amount and category at March 31, 2012, excluding loans held for sale and credit-impaired loans that were acquired as part of our FDIC-assisted transactions (dollar amounts in thousands):

								Construction Real Estate						Commercial Real Estate							Consumer
		Commercial and Lease Loans						Loans						Loans							Loans				Total Loans
		Number of						Number of						Number of
		Relationships			Amount			Relationships			Amount			Relationships			Amount				Amount				Amount
$10.0 million or more		-		$	-			-		$	-			-		$	-			$	-			$	-
$5.0 million to $9.9 million		3			21,476			-			-			1			5,431				-				26,907
$1.5 million to $4.9 million		2			3,577			-			-			15			40,603				1,603				45,783
Under $1.5 million		43			9,418			4			1,553			68			24,905				16,124				52,000
		48		$	34,471			4		$	1,553			84		$	70,939			$	17,727			$	124,690
Percentage of individual loan category					1.53	%					1.21	%					3.78	%			1.94	%			2.15	%

The following table presents data related to non-performing loans, by dollar amount and category at December 31, 2011, excluding loans held for sale and credit-impaired loans that were acquired as part of our FDIC-assisted transactions (dollar amounts in thousands):

							Construction Real Estate					Commercial Real Estate						Consumer
		Commercial and Lease Loans					Loans					Loans						Loans			Total Loans
		Number of					Number of					Number of
		Relationships			Amount		Relationships			Amount		Relationships			Amount			Amount			Amount
$10.0 million or more		-		$	-		-		$	-		-		$	-		$	-		$	-
$5.0 million to $9.9 million		2			14,322		-			-		2			15,435			-			29,757
$1.5 million to $4.9 million		5			12,031		-			-		13			37,509			-			49,540
Under $1.5 million		42			10,642		3			1,145		61			23,607			14,700			50,094
		49		$	36,995		3		$	1,145		76		$	76,551		$	14,700		$	129,391
Percentage of individual loan category					1.59%					0.62%					4.13%			1.58%			2.17%

We define potential problem loans as performing loans rated substandard that do not meet the definition of a non-performing loan (See “Asset Quality” section above for non-performing loans). Potential problem loans carry a higher probability of default and require additional attention by management. The aggregate principal amount of potential problem loans was $159.4 million, or 2.75% of total loans, as of March 31, 2012, compared to $149.8 million, or 2.51% of total loans, as of December 31, 2011.

« First ‹ Previous ... 2 3 4 5 6 7 8 9 10 ... Next › Last »