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MB Financial, Inc. Reports Third Quarter 2012 Net Income Of $23.1 Million And An Increase Of The Quarterly Dividend To $0.10 Per Share

Stocks in this article: MBFI

DEPOSIT MIX

The following table shows the composition of deposits as of the dates indicated (dollars in thousands):

    September 30,   June 30,   March 31,   December 31,   September 30,
  2012     2012     2012     2011     2011
  % of   % of   % of   % of   % of
  Amount   Total     Amount   Total     Amount   Total     Amount   Total     Amount   Total
Low cost deposits:
Noninterest bearing deposits $ 2,011,542 27 % $ 1,946,468 26 % $ 1,874,028 25 % $ 1,885,694 25 % $ 1,803,141 23 %
Money market and NOW accounts 2,682,608 36 % 2,564,493 34 % 2,702,636 35 % 2,645,334 34 % 2,722,162 35 %
Savings accounts 797,741   10 % 790,350   11 % 786,357   10 % 753,610   10 % 751,062   10 %
Total low cost deposits 5,491,891   73 % 5,301,311   71 % 5,363,021   70 % 5,284,638   69 % 5,276,365   68 %
 
Certificates of deposit:
Certificates of deposit 1,632,370 22 % 1,718,266 23 % 1,820,266 24 % 1,925,608 25 % 2,001,210 26 %
Brokered deposit accounts 355,086   5 % 451,132   6 % 451,415   6 % 437,361   6 % 444,332   6 %
Total certificates of deposit 1,987,456   27 % 2,169,398   29 % 2,271,681   30 % 2,362,969   31 % 2,445,542   32 %
 
Total deposits $ 7,479,347   100 % $ 7,470,709   100 % $ 7,634,702   100 % $ 7,647,607   100 % $ 7,721,907   100 %

Our deposit mix improved over the past twelve months as low cost deposits increased to 73% of total deposits at September 30, 2012 compared to 68% at September 30, 2011 driven by strong noninterest bearing deposit flows (+11.6%).

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