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MB Financial, Inc. Reports Second Quarter 2012 Net Income Of $22.1 Million, Improved Return On Assets And Return On Equity And Improved Credit Metrics

ASSET QUALITY

The following table presents a summary of non-performing assets, excluding loans held for sale, credit-impaired loans that were acquired as part of our FDIC-assisted transactions and OREO related to assets acquired in FDIC-assisted transactions, as of the dates indicated (dollar amounts in thousands):

  June 30,   March 31,   December 31,   September 30,   June 30,
  2012       2012       2011       2011       2011  
Non-performing loans:
Non-accrual loans (1) $ 113,077 $ 124,011 $ 129,309 $ 140,979 $ 149,905
Loans 90 days or more past due, still accruing interest 453   679   82   -   1,121  
Total non-performing loans 113,530   124,690   129,391   140,979   151,026  
 
OREO 49,690 63,077 78,452 87,469 88,185
Repossessed vehicles 60   81   156   249   55  
Total non-performing assets $ 163,280   $ 187,848   $ 207,999   $ 228,697   $ 239,266  
 
Total allowance for loan losses $ 121,756 $ 125,431 $ 126,798 $ 128,610 $ 130,057
 
Accruing restructured loans (2) $ 16,536 $ 24,145 $ 37,996 $ 34,321 $ 35,037
 
Total non-performing loans to total loans 1.98 % 2.15 % 2.17 % 2.42 % 2.54 %
Total non-performing assets to total assets 1.72 % 1.94 % 2.12 % 2.30 % 2.40 %
Allowance for loan losses to non-performing loans 107.25 % 100.59 % 98.00 % 91.23 % 86.12 %

(1) Includes $32.7 million, $34.7 million, $42.5 million, $36.0 million and $22.5 million of restructured loans on non-accrual status at June 30, 2012, March 31, 2012, December 31, 2011, September 30, 2011 and June 30, 2011, respectively.

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