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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

Our allowance for loan losses is comprised of three elements: a general loss reserve, a specific reserve for impaired loans and a reserve for smaller-balance homogenous loans. The following table presents these three elements of our allowance for loan losses (in thousands):

  June 30,   March 31,   December 31,   September 30,   June 30,
  2012     2012     2011     2011     2011
General loss reserve $ 93,904 $ 98,673 $ 102,196 $ 102,752 $ 104,002
Specific reserve 13,674 13,734 10,804 11,416 12,111
Smaller-balance homogenous loans reserve 14,178 13,024 13,798 14,442 13,944
Total allowance for loan losses $ 121,756 $ 125,431 $ 126,798 $ 128,610 $ 130,057

Although management believes that adequate general, specific and smaller-balance homogenous loan loss allowances have been established, actual losses are dependent upon future events and, as such, further additions to the level of general, specific and smaller-balance homogenous loan loss allowances may become necessary.

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