8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 30, 2012

First Midwest Bancorp, Inc.

(Exact name of registrant as specified in its charter)

Delaware	0-10967	36-3161078
(State or other jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

One Pierce Place, Suite 1500, Itasca, Illinois	60143
(Address of principal executive offices)	(Zip Code)

(630) 875-7450

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

oWritten communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

oSoliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

oPre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

oPre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

FIRST MIDWEST BANCORP, INC.

FORM 8-K

October 30, 2012

Item 2.02 Results of Operations and Financial Condition

On October 30, 2012, First Midwest Bancorp, Inc. (the “Company”) issued a press release announcing its earnings results for the quarter and nine months ended September 30, 2012. This press release, dated October 30, 2012, is attached as Exhibit 99.1 to this report.

Item 7.01 Regulation FD Disclosure

The Company also made the information attached hereto as Exhibit 99.2 available via its website at www.firstmidwest.com/aboutinvestor_selected.asp.

The information set forth in Items 2.02 and 7.01 of this Current Report on Form 8-K (including the text of the information attached hereto as Exhibits 99.1 and 99.2) is being furnished to, but not filed with, the Securities and Exchange Commission (“SEC”) and shall not be deemed incorporated by reference into any filing made by the Company with the SEC, except as shall be expressly set forth by specific reference in such filing. The Company is not undertaking any duty to update this information after the date of this Report.

Item 9.01 Financial Statements and Exhibits

(a) and (b) not applicable

(c) Exhibit Index:

99.1    Press Release issued by First Midwest Bancorp, Inc. dated October 30, 2012

99.2    First Midwest Bancorp, Inc. Selected Financial Information

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	First Midwest Bancorp, Inc.
	(Registrant)
Date: October 30, 2012	/s/ JAY R. LUNDBORG
	By: Jay R. Lundborg
	Senior Vice President and
	Corporate Secretary

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EX-99.1

Exhibit 99.1

					News Release
		First Midwest Bancorp, Inc.			First Midwest Bancorp, Inc. One Pierce Place, Suite 1500 Itasca, Illinois 60143-9768 (630) 875-7450 www.firstmidwest.com
	FOR IMMEDIATE RELEASE
			CONTACT:	Paul F. Clemens (Investors) EVP and Chief Financial Officer (630) 875-7347 paul.clemens@firstmidwest.com	James M. Roolf (Media) SVP and Corporate Relations Officer (630) 875-7533 jim.roolf@firstmidwest.com
			TRADED:	NASDAQ Global Select Market
			SYMBOL:	FMBI

FIRST MIDWEST BANCORP, INC. ANNOUNCES 2012
THIRD QUARTER RESULTS AND SIGNIFICANT CREDIT ACTIONS

Dramatic Improvement in Credit Risk Profile, Business Momentum Building

ITASCA, IL, October 30, 2012 — Today First Midwest Bancorp, Inc. (the “Company” or “First Midwest”) (NASDAQ NGS: FMBI), the holding company of First Midwest Bank (the “Bank”), reported results of operations and financial condition for third quarter 2012. Net loss for the quarter was $48.5 million, before adjustments for non-vested restricted shares, with net loss applicable to common shares of $47.8 million, or $0.65 per share. Performance for the quarter was impacted by higher provision for loan losses driven by significant initiatives designed to improve the Company’s credit risk profile. This compares to net income applicable to common shares of $6.3 million, or $0.09 per share, for second quarter 2012 and $6.3 million, or $0.09 per share, for third quarter 2011.

“During the quarter, First Midwest took aggressive action to pursue loan sale and remediation alternatives for select non-performing and performing potential problem loans,” said Michael L. Scudder, President and Chief Executive Officer of First Midwest Bancorp, Inc. “Such actions were undertaken only after careful analysis of the potential costs and benefits, contrasting the impact of continuing the workout process for these assets versus their accelerated resolution. These actions represent an immediate and meaningful step toward the achievement of our stated goals of improving our credit risk profile and producing reliable and attractive returns for our shareholders.”

Mr. Scudder continued, “As we look to the future, our business momentum continues to build. Core earnings for the quarter remained solid with strong underlying loan growth and increased fee-based revenues offsetting the impact of the low interest rate environment. Improvement in our credit risk profile adds to this momentum through meaningful reduction in loan workout and related costs.  As always, we remain focused on tight and balanced control of our operating overhead. This momentum, when combined with our strong capital foundation, positions us well to grow and continue to take advantage of market opportunities.”

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SELECT HIGHLIGHTS

Credit Risk Profile

·Targeted $223 million of select non-performing and performing potential problem loans for accelerated resolution, resulting in charge-offs of $99 million.

·Transferred $171 million of loans to held-for-sale.

·Modified internal remediation strategies to accelerate resolution of an additional $52 million of loans.

·Reduced non-performing loans by 46% to 2.15% of total loans, excluding covered loans, compared to second quarter 2012.

·Lowered performing special mention and substandard loans by 36% from second quarter 2012.

·Allowance for credit losses at 2.01% of loans, excluding covered loans, representing 105% of non-accrual loans.

Building Business Momentum

·Increased total loans approximately 7% annualized from June 30, 2012, excluding covered loans and the impact of loans transferred to held-for-sale.

·Acquired Waukegan Savings Bank, resulting in the addition of $46 million in loans and $73 million in deposits, and generating a pre-tax gain of $3 million.

·Compared to second quarter 2012:

·Sustained solid pre-tax, pre-provision earnings of $31 million.

·Increased net interest income to $67 million, with solid net interest margin of 3.83%

·Improved fee-based revenues by 12% annualized.

Active Capital Management

·Maintained strong Tier 1 common capital to risk-weighted assets at 8.93% while reducing the proportion of non-performing assets to allowance for credit losses plus tangible equity by 31%.

·Repurchased $4 million of 6.95% junior subordinated debentures and $12 million of 5.85% subordinated notes on October 1, 2012.

SIGNIFICANT QUARTER EVENTS

Accelerated Credit Remediation Actions

Aggregate Credit Actions

(Dollar amounts in thousands)

	Book Value Prior to Transfer or Action		Charge-offs		Adjusted Book Value		% of Book Value
Loan resolution activities:
Transferred to held-for-sale	$	171,052	$	80,260	$	90,792	53.1	%
Modified disposition strategies	52,350		18,846		33,504		64.0	%
Total	$	223,402	$	99,106	$	124,296	55.6	%

During third quarter 2012, the Company elected to adjust its existing remediation strategies for $223.4 million of non-performing and performing potential problem loans to more aggressively pursue their liquidation, resulting in charge-offs of $99.1 million. These actions were undertaken after careful analysis of the potential costs and benefits, including an assessment of the impact of continuing the remediation process for these assets and the estimated timeframe for resolution.

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Approximately $52.4 million, or 23.4%, of these loans represented either non-performing loans that were resolved through foreclosure and the underlying collateral was transferred to other real estate owned (“OREO”) or performing loans, which were transferred to non-accrual status to facilitate future restructuring.

In connection with the preparation of the Company’s quarterly financial statements, the remaining $171.1 million, or 76.6%, of these loans was transferred to held-for-sale status in anticipation of disposition through wholesale loan transactions expected to be completed during fourth quarter 2012. Based on the longer term prospects for credit improvement or remediation strategies, management identified certain non-performing and performing potential problem loans for transfer to held-for-sale since they were subject to elevated future performance risk. Approximately 65% of the loans transferred were categorized as commercial real estate with the remainder predominately in the commercial and industrial category. Some two-thirds of the held-for-sale loans represented performing loans classified as either special mention or substandard for regulatory purposes.

Acquisition

On August 3, 2012, the Company acquired substantially all the assets of the former Waukegan Savings Bank (“Waukegan Savings”) in a Federal Deposit Insurance Corporation (“FDIC”)-assisted transaction generating a pre-tax gain of $3.3 million. Loans totaling $46.3 million comprise the majority of the assets acquired and are not subject to a loss sharing agreement with the FDIC. The Company also assumed $41.5 million in transactional deposits and $31.2 million in time deposits.

OPERATING PERFORMANCE

Operating Performance Highlights

(Dollar amounts in thousands)

				Quarters Ended
	September 30, 2012			June 30, 2012			September 30, 2011
Net (loss) income	$	(48,527	)	$	6,365		$	8,942
Net (loss) income applicable to common shares	$	(47,812	)	$	6,289		$	6,263
Diluted (loss) earnings per common share	$	(0.65	)	$	0.09		$	0.09
Return on average common equity	(19.36		)%	2.59		%	2.60		%
Return on average assets	(2.35		)%	0.32		%	0.43		%
Net interest margin	3.83		%	3.88		%	3.97		%
Efficiency ratio	69.04		%	60.56		%	60.57		%
Loans, excluding covered loans, at period end	$	5,218,345		$	5,298,026		$	5,104,494
Provision for loan losses	$	111,791		$	22,458		$	20,425
Average transactional deposits (1)	$	5,247,485		$	5,080,730		$	4,876,261

(1) Comprised of demand deposits and interest-bearing transactional accounts.

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Pre-Tax, Pre-Provision Operating Earnings (1)

(Dollar amounts in thousands)

				Quarters Ended
	September 30, 2012			June 30, 2012			September 30, 2011
(Loss) income before income tax	$	(85,520	)	$	7,126		$	10,525
Provision for loan losses	111,791			22,458			20,425
Pre-tax, pre-provision earnings	26,271			29,584			30,950
Adjustments to Pre-Tax, Pre-Provision Earnings (1)
Net securities (losses) gains	(217		)	151			449
Gain on FDIC-assisted transaction	3,289			—			—
Losses on sales and valuation adjustments of other real estate owned (“OREO”)	(2,025		)	(2,527		)	(2,611		)
Accelerated accretion of FDIC indemnification asset	(4,000		)	—			—
Valuation adjustment on assets held-for-sale	(1,255		)	—			(75		)
Severance-related costs	(840		)	—			(78		)
Total adjustments	(5,048		)	(2,376		)	(2,315		)
Pre-tax, pre-provision operating earnings (1)	$	31,319		$	31,960		$	33,265

(1) The Company’s accounting and reporting policies conform to U.S. generally accepted accounting principles (“GAAP”) and general practice within the banking industry. As a supplement to GAAP, the Company provided this non-GAAP performance result, which the Company believes is useful because it assists investors in assessing the Company’s operating performance. Although it is intended to enhance investors’ understanding of the Company’s business and performance, this non-GAAP financial measure should not be considered an alternative to GAAP.

Pre-tax, pre-provision operating earnings of $31.3 million for third quarter 2012 decreased slightly from second quarter 2012 and $1.9 million from third quarter 2011. The reduction from second quarter 2012 was driven by higher noninterest expense, excluding certain non-operating items, due to higher salaries and employee benefits and a seasonal increase in utilities costs, which were partially offset by an increase in fee-based revenues.

The decline in pre-tax, pre-provision operating earnings from third quarter 2011 is attributed primarily to lower net interest income, reflecting the lower yields on earning assets, and lower periodic benefits received from bank owned life insurance contracts.

Further discussion of net interest income and noninterest income and expense is presented in later sections of this release.

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Net Interest Income and Margin Analysis

(Dollar amounts in thousands)

	Quarters Ended
	September 30, 2012						June 30, 2012						September 30, 2011
	Average Balance			Interest Earned/Paid		Yield/ Rate (%)	Average Balance			Interest Earned/Paid		Yield/ Rate (%)	Average Balance			Interest Earned/Paid		Yield/ Rate (%)
Assets:
Federal funds sold and other short-term investments	$	435,528		$	265	0.24	$	432,036		$	258	0.24	$	741,782		$	463	0.25
Trading securities	15,389			25		0.65	16,090			26		0.65	16,248			23		0.57
Investment securities (1)	1,220,654			10,841		3.55	1,238,767			11,172		3.61	1,057,075			11,604		4.39
Federal Home Loan Bank and Federal Reserve Bank stock	47,111			341		2.90	46,750			354		3.03	58,187			331		2.28
Loans, excluding covered loans (1)	5,353,911			64,289		4.78	5,213,944			62,559		4.83	5,136,130			64,509		4.98
Covered interest-earning assets (2)	276,180			3,223		4.64	297,141			4,473		6.05	387,635			6,640		6.80
Total interest-earning assets (1)	7,348,773			78,984		4.28	7,244,728			78,842		4.37	7,397,057			83,570		4.49
Cash and due from banks	128,714						122,165						120,624
Allowance for loan losses	(118,925		)				(122,723		)				(143,443		)
Other assets	868,551						869,572						855,542
Total assets	$	8,227,113					$	8,113,742					$	8,229,780
Liabilities and Stockholders’ Equity:
Interest-bearing transaction deposits	$	3,394,675		898		0.11	$	3,282,876		913		0.11	$	3,306,590		1,361		0.16
Time deposits	1,498,993			3,228		0.86	1,548,410			3,765		0.98	1,731,413			5,293		1.21
Borrowed funds	189,835			507		1.06	195,934			490		1.01	262,001			706		1.07
Senior and subordinated debt	231,156			3,691		6.35	231,123			3,646		6.34	137,749			2,280		6.57
Total interest-bearing liabilities	5,314,659			8,324		0.62	5,258,343			8,814		0.67	5,437,753			9,640		0.70
Demand deposits	1,852,810						1,797,854						1,569,671
Total funding sources	7,167,469						7,056,197						7,007,424
Other liabilities	77,062						80,491						73,808
Stockholders’ equity - common	982,582						977,054						955,548
Stockholders’ equity - preferred	—						—						193,000
Total liabilities and stockholders’ equity	$	8,227,113					$	8,113,742					$	8,229,780
Net interest income/margin (1)				$	70,660	3.83				$	70,028	3.88				$	73,930	3.97

(1)Revenue from tax-exempt securities and investments that receive tax credits is presented on a basis comparable to taxable securities and investments. Consequently, interest income and yields are presented on a tax-equivalent basis, assuming a federal income tax rate of 35%. This non-GAAP financial measure assists management in assessing the comparability of revenue arising from both taxable and tax-exempt sources. The corresponding income tax impact related to tax-exempt items is recorded within income tax expense. These adjustments have no impact on net income.

(2)Covered interest-earning assets consist of loans acquired through the Company’s Federal Deposit Insurance Corporation (“FDIC”)-assisted transactions subject to loss sharing agreements and the related FDIC indemnification asset.

Total average interest-earning assets for third quarter 2012 increased $104.0 million from second quarter 2012 and declined $48.3 million from third quarter 2011. Compared to June 30, 2012, growth in the loan portfolio, primarily from new commercial and industrial (“C&I”) loans and the addition of loans acquired from Waukegan Savings, resulted in higher average loans, excluding covered loans, which was partially offset by a decrease in covered interest-earning assets. The variance from third quarter 2011 was driven by decreases in federal funds sold and other short-term investments and covered interest-earning assets, which more than offset higher loan volumes and an increase in investment securities.

Total average funding sources for third quarter 2012 were $111.3 million higher than second quarter 2012 and up $160.0 million from third quarter 2011. A rise in transactional deposits from the acquisition of Waukegan Savings contributed to the increase in average funding sources from second quarter 2012. Compared to third quarter 2011, the higher level of demand deposits reflects the purchase of certain Chicago-market deposits during December 2011, which more than offset the decline in interest-bearing liabilities and resulted in a more favorable funding mix.

The growth in average senior and subordinated debt for third quarter 2012 compared to third quarter 2011 is attributed to the issuance of $115.0 million in senior debt during fourth quarter 2011, which was used to redeem the Series B preferred stock

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issued to the United States Department of the Treasury in combination with other excess cash. Interest paid on the senior debt reduced net interest margin by ten basis points for both the second and third quarters of 2012.

Tax-equivalent net interest margin for third quarter 2012 decreased 5 basis points compared to second quarter 2012 and 14 basis points compared to third quarter 2011. The decrease compared to both prior periods resulted primarily from the continued decline of market interest rates, which drove reduced yields earned on investment securities and loans, as well as lower interest earned on covered interest-earning assets, and was mitigated by a decline in rates paid on retail time deposits. In addition, the decrease from third quarter 2011 also reflects the cost of additional senior debt.

Interest earned on covered loans is generally recognized through the accretion of the discount taken on expected future cash flows. The declining yield on covered interest-earning assets from second quarter 2012 and third quarter 2011 was driven by revised estimates of future cash flows. In addition, the yield for third quarter 2011 benefited from certain settlements of actual cash realized in excess of estimates.

Noninterest Income Analysis

(Dollar amounts in thousands)

	Quarters Ended									September 30, 2012 Percent Change From
	September 30, 2012			June 30, 2012			September 30, 2011			June 30, 2012		September 30, 2011
Service charges on deposit accounts	$	9,502		$	8,848		$	10,215		7.4		(7.0	)
Wealth management fees	5,415			5,394			4,982			0.4		8.7
Other service charges, commissions, and fees	4,187			4,097			4,289			2.2		(2.4	)
Card-based fees	5,246			5,312			4,931			(1.2	)	6.4
Total fee-based revenues	24,350			23,651			24,417			3.0		(0.3	)
Bank-owned life insurance (“BOLI”) income	300			404			1,479			(25.7	)	(79.7	)
Other income	727			406			598			79.1		21.6
Total operating revenues	25,377			24,461			26,494			3.7		(4.2	)
Net trading gains (losses) (1)	685			(575		)	(2,352		)	N/M		N/M
Net securities (losses) gains	(217		)	151			449			N/M		N/M
Gain on FDIC-assisted transaction	3,289			—			—			N/M		N/M
Total noninterest income	$	29,134		$	24,037		$	24,591		21.2		18.5

N/M — Not meaningful.

(1)Net trading gains (losses) result from changes in the fair value of diversified investment securities held in a grantor trust under deferred compensation agreements and are substantially offset by nonqualified plan expense for each period presented.

Total fee-based revenues for third quarter 2012 grew 3.0% compared to second quarter 2012 and remained consistent with third quarter 2011. The increase in fee-based revenues from second quarter 2012 was attributed primarily to an increase in service charges on deposit accounts resulting from seasonally higher volumes of non-sufficient funds (“NSF”) fees.

The slight variance in fee-based revenues from third quarter 2011 to third quarter 2012 resulted from lower NSF fees, which were offset by increased card-based fees and wealth management fees.

During third quarter 2011, the Company received a $1.2 million benefit settlement, which drove higher BOLI income compared to third quarter 2012.

As described in the “Significant Quarter Events” section, the Company acquired certain loans and deposits of Waukegan Savings during third quarter 2012 and recorded a $3.3 million gain.

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Noninterest Expense Analysis

(Dollar amounts in thousands)

	Quarters Ended								September 30, 2012 Percent Change From
	September 30, 2012		June 30, 2012			September 30, 2011			June 30, 2012		September 30, 2011
Salaries and wages	$	26,064	$	24,446		$	25,659		6.6		1.6
Nonqualified plan expense (1)	817		(594		)	(2,702		)	N/M		N/M
Retirement and other employee benefits	6,230		5,714			6,225			9.0		0.1
Total compensation expense	33,111		29,566			29,182			12.0		13.5
Valuation adjustments of OREO	1,410		1,824			674			(22.7	)	N/M
Net losses on sales of OREO	615		703			1,937			(12.5	)	(68.2	)
Net OREO operating expense	1,183		1,597			1,563			(25.9	)	(24.3	)
Total OREO expense	3,208		4,124			4,174			(22.2	)	(23.1	)
Loan remediation costs	3,206		3,594			4,638			(10.8	)	(30.9	)
Other professional services	3,459		3,311			2,933			4.5		17.9
Total professional services	6,665		6,905			7,571			(3.5	)	(12.0	)
Net occupancy and equipment expense	8,108		7,513			8,157			7.9		(0.6	)
Technology and related costs	2,906		2,851			2,709			1.9		7.3
FDIC premiums	1,785		1,659			1,799			7.6		(0.8	)
Advertising and promotions	1,427		1,032			2,502			38.3		(43.0	)
Other expenses	12,913		7,507			8,082			72.0		59.8
Total noninterest expense	$	70,123	$	61,157		$	64,176		14.7		9.3

N/M — Not meaningful

(1)Nonqualified plan expense results from changes in the Company’s obligation to participants under deferred compensation agreements.

Total noninterest expense for third quarter 2012 increased 14.7% compared to second quarter 2012 and 9.3% compared to third quarter 2011.

Third quarter 2012 salaries and wages increased $1.6 million from second quarter 2012 due to the accrual of certain severance benefits, a decrease in levels of deferred salaries due to comparatively lower loan originations, annual merit increases, and additional retail banking staff related to the Waukegan Savings acquisition. The increase in retirement and other employee benefits from second quarter 2012 reflects the normal adjustment of the annual pension expense estimate.

OREO expenses declined from second quarter 2012 due to lower real estate taxes and maintenance expenses on three large commercial properties sold in second quarter 2012. The decrease in OREO expenses compared to third quarter 2011 resulted primarily from lower losses recognized on sales.

The decline in loan remediation costs in third quarter 2012 compared to both prior periods presented was due primarily to a decline in real estate taxes paid on collateral associated with problem loans. Other professional services increased from September 30, 2011, driven largely by higher personnel recruitment expense, the reclassification of certain director fees from salaries and wages expense during second quarter 2012, and other non-recurring items.

Net occupancy and equipment expense increased from second quarter 2012 as a result of seasonal increases in utilities and maintenance costs.

The increase in other expenses from second quarter 2012 and third quarter 2011 was largely driven by $4.0 million of accelerated accretion of the FDIC indemnification asset. This adjustment reflects management’s periodic assessment of the amount and timing of future cash flows from covered loans. In addition, the Company recorded a $1.3 million valuation adjustment on a single property held-for-sale based on a signed sales contract during third quarter 2012.

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LOAN PORTFOLIO AND ASSET QUALITY

Loan Portfolio Composition

(Dollar amounts in thousands)

	As Of						September 30, 2012 Percent Change From
	September 30, 2012		June 30, 2012		September 30, 2011		June 30, 2012		September 30, 2011
Corporate:
Commercial and industrial	$	1,610,169	$	1,597,427	$	1,476,034	0.8		9.1
Agricultural	259,787		272,742		250,436		(4.7	)	3.7
Commercial real estate:
Office	484,215		495,901		440,641		(2.4	)	9.9
Retail	356,093		375,078		330,160		(5.1	)	7.9
Industrial	490,023		520,150		492,514		(5.8	)	(0.5	)
Multi-family	309,509		308,250		317,313		0.4		(2.5	)
Residential construction	61,920		88,908		116,283		(30.4	)	(46.8	)
Commercial construction	136,509		147,626		145,889		(7.5	)	(6.4	)
Other commercial real estate	780,712		817,071		877,241		(4.4	)	(11.0	)
Total commercial real estate	2,618,981		2,752,984		2,720,041		(4.9	)	(3.7	)
Total corporate loans	4,488,937		4,623,153		4,446,511		(2.9	)	1.0
Consumer:
Home equity loans	397,506		398,428		424,986		(0.2	)	(6.5	)
1-4 family mortgages	292,908		237,341		189,587		23.4		54.5
Installment loans	38,994		39,104		43,410		(0.3	)	(10.2	)
Total consumer loans	729,408		674,873		657,983		8.1		10.9
Total loans, excluding covered loans	5,218,345		5,298,026		5,104,494		(1.5	)	2.2
Covered loans	216,610		230,047		289,747		(5.8	)	(25.2	)
Total loans	$	5,434,955	$	5,528,073	$	5,394,241	(1.7	)	0.8

Total loans, excluding covered loans, of $5.2 billion declined by $79.7 million from June 30, 2012 as a result of the transfer of $171.1 million in carrying value of certain loans to held-for-sale, which resulted in charge-offs of $80.3 million. Excluding covered loans and loans transferred to held-for-sale, total loans increased by $91.4 million, or 6.9% annualized, from June 30, 2012 and $284.9 million, or 5.6%, from September 30, 2011. The quarter-over-quarter and year-over-year growth in the 1-4 family mortgages portfolio was predominately due to the loans acquired in the Waukegan Savings transaction.

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Asset Quality Indicators by Category

(Dollar amounts in thousands)

	Performing Loans
	Pass			Special Mention			Substandard			Total			Non-accrual Loans			Total Loans
September 30, 2012
Commercial and industrial	$	1,534,695		$	39,966		$	4,406		$	1,579,067		$	31,102		$	1,610,169
Agricultural	256,772			1,811			—			258,583			1,204			259,787
Commercial real estate:
Office, retail, and industrial	1,232,427			58,325			16,955			1,307,707			22,624			1,330,331
Multi-family	305,827			1,654			—			307,481			2,028			309,509
Residential construction	34,954			13,867			8,349			57,170			4,750			61,920
Commercial construction	106,726			14,318			11,042			132,086			4,423			136,509
Other commercial real estate	714,296			14,725			30,407			759,428			21,284			780,712
Total commercial real estate	2,394,230			102,889			66,753			2,563,872			55,109			2,618,981
Total corporate loans	4,185,697			144,666			71,159			4,401,522			87,415			4,488,937
Consumer loans	717,244			—			—			717,244			12,164			729,408
Total loans	$	4,902,941		$	144,666		$	71,159		$	5,118,766		$	99,579		$	5,218,345
Changes from:
June 30, 2012	2.9		%	(30.8		)%	(43.4		)%	0.4		%	(49.8		)%	(1.5		)%
September 30, 2011	10.5		%	(58.0		)%	(52.7		)%	3.8		%	(41.8		)%	2.2		%

Special mention and substandard loans decreased $119.1 million, or 35.6%, from June 30, 2012 and $279.0 million, or 56.4%, from September 30, 2011 from the transfer of $98.1 million to held-for-sale during third quarter 2012, as well as ongoing remediation activities. Based on the longer term prospects for credit improvement or remediation strategies, management identified certain non-performing and performing potential problem loans for transfer to held-for-sale since they were subject to elevated future performance risk.

As of September 30, 2012, special mention and substandard loans totaled $215.8 million, with approximately 55% representing 11 commercial borrowers and the remainder comprising 139 smaller balance relationships. For loans classified as non-accrual, nearly 40% represent five commercial relationships. Management continues to actively work with these individual borrowers to promote improvement in the underlying credit relationship or timely liquidation.

9

Asset Quality, Excluding Covered Loans and Covered OREO (1)

(Dollar amounts in thousands)

	As Of									September 30, 2012 Percent Change From
	September 30, 2012			June 30, 2012			September 30, 2011			June 30, 2012		September 30, 2011
Non-accrual loans	$	99,579		$	198,508		$	171,189		(49.8	)	(41.8	)
90 days or more past due loans	12,582			8,192			6,008			53.6		109.4
Total non-performing loans	112,161			206,700			177,197			(45.7	)	(36.7	)
Troubled debt restructurings (still accruing interest) (“TDRs”)	6,391			7,811			7,033			(18.2	)	(9.1	)
OREO	36,487			28,309			23,863			28.9		52.9
Total non-performing assets	$	155,039		$	242,820		$	208,093		(36.2	)	(25.5	)
30-89 days past due loans	$	20,088		$	23,597		$	34,061		(14.9	)	(41.0	)
Allowance for credit losses (2)	$	104,995		$	118,682		$	131,291		(11.5	)	(20.0	)
Non-accrual loans to total loans	1.91		%	3.75		%	3.35		%
Non-performing loans to total loans	2.15		%	3.90		%	3.47		%
Non-performing assets to loans plus OREO	2.95		%	4.56		%	4.06		%
Allowance for credit losses to loans (2)	2.01		%	2.24		%	2.57		%
Allowance for credit losses to non-accrual loans	105		%	60		%	77		%

(1)Covered loans and covered OREO were acquired through transactions with the FDIC and are subject to loss sharing agreements with the FDIC whereby the Company is indemnified against the majority of any losses incurred on these assets.

(2)The allowance for credit losses includes an $8.4 million allowance for covered loan losses, excluding covered open-end consumer loans. The remainder of this table excludes covered loan and covered OREO balances as noted above; therefore, covered loans totaling $216.6 million as of September 30, 2012 are not included in the allowance for credit losses to loans calculation.

Non-performing assets, excluding covered loans and covered OREO, were $155.0 million at September 30, 2012, a significant reduction of $87.8 million from June 30, 2012 and $53.1 million from September 30, 2011.

Compared to both prior periods presented, the improvement in non-performing loans resulted from the reclassification of $63.5 million in carrying value of certain non-accrual loans to held-for-sale and ongoing remediation activities.

The increase in OREO during third quarter 2012 compared to both prior periods presented mainly resulted from the transfer of one large commercial land credit and OREO acquired in the Waukegan Savings transaction.

The Company increased the provision for loan losses from second quarter 2012 by $89.3 million due primarily to charge-offs resulting from the transfer of select loans to held-for-sale and the targeted modification of disposition strategies.

10

Charge-Off Data

 (Dollar amounts in thousands)

	Quarters Ended
	September 30, 2012			% of Total	June 30, 2012			% of Total	September 30, 2011			% of Total
Net loan charge-offs (1):
Commercial and industrial	$	39,253		31.4	$	5,870		29.2	$	10,165		36.4
Agricultural	4,531			3.6	18			0.1	177			0.6
Office, retail, and industrial	32,322			25.8	2,263			11.2	2,543			9.1
Multi-family	2,755			2.2	313			1.6	2,170			7.8
Residential construction	9,242			7.4	3,598			17.9	2,250			8.1
Commercial construction	11,037			8.8	2,616			13.0	4,115			14.7
Other commercial real estate	23,026			18.4	2,934			14.6	4,421			15.8
Consumer	2,920			2.4	2,494			12.4	2,100			7.5
Total net loan charge-offs, excluding covered loans	125,086			100.0	20,106			100.0	27,941			100.0
Net covered loan charge-offs (1)	442				2,434				1,024
Total net loan charge-offs	$	125,528			$	22,540			$	28,965
Net loan charge-offs to average loans, excluding covered loans, annualized:
Quarter-to-date	9.29		%		1.55		%		2.16		%
Year-to-date	4.26		%		1.61		%		1.73		%

(1)Amounts represent charge-offs, net of recoveries.

Net loan charge-offs, excluding covered loan charge-offs, increased $105.0 million from June 30, 2012 as a result of accelerated credit remediation actions taken by management for select credits during third quarter 2012.  Management identified $223.4 million of loans to more aggressively pursue disposition, resulting in charge-offs of $99.1 million. The majority relates to the transfer of $171.1 million in carrying value of performing and nonperforming loans transferred to held-for-sale with related charge-offs of $80.3 million. In addition to these actions, the Company recorded net charge-offs of $26.4 million, nearly 70% of which reflects the estimated losses attributed to a single commercial borrower currently in the process of bankruptcy.

11

CAPITAL MANAGEMENT

Capital Ratios

(Dollar amounts in thousands)

	September 30, 2012		December 31, 2011		Regulatory Minimum For “Well- Capitalized”		Excess Over Required Minimums at September 30, 2012
Regulatory capital ratios:
Total capital to risk-weighted assets	11.65	%	13.68	%	10.00	%	16	%	$	106,209
Tier 1 capital to risk-weighted assets	9.92	%	11.61	%	6.00	%	65	%	$	252,597
Tier 1 leverage to average assets	8.13	%	9.28	%	5.00	%	63	%	$	246,123
Tier 1 common capital to risk-weighted assets (1)	8.93	%	10.26	%	N/A	(2)	N/A	(2)	N/A		(2)
Tangible common equity ratios (3):
Tangible common equity to tangible assets	8.26	%	8.83	%	N/A	(2)	N/A	(2)	N/A		(2)
Tangible common equity, excluding other comprehensive loss, to tangible assets	8.38	%	9.00	%	N/A	(2)	N/A	(2)	N/A		(2)
Tangible common equity to risk- weighted assets	10.12	%	10.88	%	N/A	(2)	N/A	(2)	N/A		(2)
Non-performing assets to tangible common equity and allowance for credit losses	20.50	%	31.01	%	N/A	(2)	N/A	(2)	N/A		(2)

(1)Excludes the impact of trust-preferred securities.

(2)Ratio is not subject to formal Federal Reserve regulatory guidance.

(3)Tangible common equity (“TCE”) represents common stockholders’ equity (i.e., total stockholders’ equity less preferred stock) less goodwill and identifiable intangible assets, net of related deferred tax liabilities. Return on TCE measures the Company’s earnings as a percentage of TCE. In management’s view, Tier 1 common and TCE measures are meaningful to the Company, as well as analysts and investors, in assessing the Company’s use of equity and in facilitating comparisons with competitors.  

The Company’s capital ratios decreased from December 31, 2011 as a result of the net loss of $48.5 million for third quarter 2012, driven by the Company’s election to pursue accelerated credit remediation actions.

The Company’s regulatory ratios as of September 30, 2012 exceeded all regulatory mandated ratios for characterization as “well-capitalized.”

The Board of Directors reviews the Company’s capital plan each quarter, giving consideration to the current and expected operating environment as well as an evaluation of various capital alternatives.

SUBSEQUENT EVENTS

On October 26, 2012, the Company entered into an agreement to sell $64.0 million of loans held-for-sale, which represents 71% of the total loans held-for-sale at September 30, 2012. Management expects to close the sale in fourth quarter 2012 with proceeds approximating carrying value.

On October 1, 2012, the Company repurchased and retired $4.3 million of 6.95% junior subordinated debentures at a premium of 3.0% and $12.0 million of 5.85% subordinated notes at a premium of 5.0%. These transactions resulted in the recognition of a pre-tax loss of $814,000, which was recorded in fourth quarter 2012.

12

About the Company

First Midwest is the premier relationship-based banking franchise in the dynamic Chicagoland banking market. As one of the Chicago metropolitan area’s largest independent bank holding companies, First Midwest provides the full range of business and retail banking and wealth management services through approximately 100 offices located in communities in metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa. First Midwest was recognized by the Chicago Tribune for the second straight year as one of the top 20 best places to work in Chicago among large employers. Additionally, Forbes has recognized First Midwest as one of America’s Most Trustworthy Companies for 2012.

Safe Harbor Statement

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are not historical facts but instead represent only the Company’s beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. It is possible that actual results and the Company’s financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect the Company’s future results, see “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2011 and other reports filed with the Securities and Exchange Commission. Forward-looking statements represent management’s best judgment as of the date hereof based on currently available information. Except as required by law, the Company undertakes no duty to update the contents of this press release after the date hereof.

Conference Call

A conference call to discuss the Company’s results, outlook, and related matters will be held on Wednesday, October 31, 2012 at 10:00 AM (ET). Members of the public who would like to listen to the conference call should dial (877) 317-6789 (U.S. domestic) or (412) 317-6789 (international) and ask for the First Midwest Bancorp, Inc. Earnings Conference Call. The number should be dialed 10 to 15 minutes prior to the start of the conference call. There is no charge to access the call. The conference call will also be accessible as an audio webcast through the Investor Relations section of the Company’s website, www.firstmidwest.com/investorrelations. For those unable to listen to the live broadcast, a replay will be available on the Company’s website or by dialing (877) 344-7529 (U.S. domestic) or (412) 317-0088 (international) conference I.D. 10019351 beginning one hour after completion of the live call until 9:00 A.M. (ET) on November 7, 2012. Please direct any questions regarding obtaining access to the conference call to First Midwest Bancorp, Inc. Investor Relations, via e-mail, at investor.relations@firstmidwest.com.

Accompanying Financial Statements and Tables

Accompanying this press release is the following unaudited financial information:

·Condensed Consolidated Statements of Financial Condition

·Condensed Consolidated Statements of Income

Press Release and Additional Information Available on Website

This press release, the accompanying financial statements and tables, and certain additional unaudited Selected Financial Information are available through the “Investor Relations” section of First Midwest’s website at www.firstmidwest.com/investorrelations.

13

Condensed Consolidated Statements of Financial Condition

Unaudited

(Amounts in thousands)

	September 30, 2012			June 30, 2012			December 31, 2011			September 30, 2011
Assets
Cash and due from banks	$	124,447		$	110,924		$	123,354		$	116,003
Interest-bearing deposits in other banks	393,927			367,238			518,176			946,330
Trading securities, at fair value	15,512			15,314			14,469			13,308
Securities available-for-sale, at fair value	1,191,582			1,174,931			1,013,006			970,430
Securities held-to-maturity, at amortized cost	41,944			60,933			60,458			74,375
Federal Home Loan Bank and Federal Reserve Bank stock, at cost	47,232			46,750			58,187			58,187
Loans held-for-sale	90,011			—			4,200			4,620
Loans, excluding covered loans	5,218,345			5,298,026			5,088,113			5,104,494
Covered loans	216,610			230,047			260,502			289,747
Allowance for loan and covered loan losses	(102,445		)	(116,182		)	(119,462		)	(128,791		)
Net loans	5,332,510			5,411,891			5,229,153			5,265,450
OREO, excluding covered OREO	36,487			28,309			33,975			23,863
Covered OREO	8,729			9,136			23,455			21,594
FDIC indemnification asset	47,191			58,302			65,609			63,508
Premises, furniture, and equipment	132,005			133,638			134,977			132,425
Investment in bank-owned life insurance	206,043			206,572			206,235			205,886
Goodwill and other intangible assets	281,914			281,981			283,650			283,163
Accrued interest receivable and other assets	217,642			193,436			204,690			201,032
Total assets	$	8,167,176		$	8,099,355		$	7,973,594		$	8,380,174
Liabilities and Stockholders’ Equity
Deposits
Transactional deposits	$	5,253,658		$	5,121,261		$	4,820,058		$	4,899,216
Time deposits	1,495,397			1,506,482			1,659,117			1,727,392
Total deposits	6,749,055			6,627,743			6,479,175			6,626,608
Borrowed funds	183,691			189,524			205,371			386,429
Senior and subordinated debt	231,171			231,138			252,153			137,751
Accrued interest payable and other liabilities	69,824			72,398			74,308			77,476
Total liabilities	7,233,741			7,120,803			7,011,007			7,228,264
Preferred stock	—			—			—			191,393
Common stock	858			858			858			858
Additional paid-in capital	417,245			414,665			428,001			425,647
Retained earnings	773,976			823,250			810,487			807,334
Accumulated other comprehensive loss, net of tax	(9,248		)	(11,867		)	(13,276		)	(11,413		)
Treasury stock, at cost	(249,396		)	(248,354		)	(263,483		)	(261,909		)
Total stockholders’ equity	933,435			978,552			962,587			1,151,910
Total liabilities and stockholders’ equity	$	8,167,176		$	8,099,355		$	7,973,594		$	8,380,174

14

Condensed Consolidated Statements of Income

Unaudited

(Amounts in thousands, except per share data)

	Quarters Ended
	September 30,2012			June 30, 2012			September 30, 2011
Interest Income
Loans	$	63,672		$	61,993		$	64,085
Investment securities	8,058			8,414			8,633
Covered loans	3,223			4,473			6,640
Federal funds sold and other short-term investments	631			638			817
Total interest income	75,584			75,518			80,175
Interest Expense
Deposits	4,126			4,678			6,654
Borrowed funds	507			490			706
Senior and subordinated debt	3,691			3,646			2,280
Total interest expense	8,324			8,814			9,640
Net interest income	67,260			66,704			70,535
Provision for loan and covered loan losses	111,791			22,458			20,425
Net interest income after provision for loan losses	(44,531		)	44,246			50,110
Noninterest Income
Service charges on deposit accounts	9,502			8,848			10,215
Wealth management fees	5,415			5,394			4,982
Other service charges, commissions, and fees	4,187			4,097			4,289
Card-based fees	5,246			5,312			4,931
Total fee-based revenues	24,350			23,651			24,417
Net securities (losses) gains	(217		)	151			449
Gain on FDIC-assisted acquisition	3,289			—			—
Net trading gains (losses)	685			(575		)	(2,352		)
Other	1,027			810			2,077
Total noninterest income	29,134			24,037			24,591
Noninterest Expense
Salaries and employee benefits	33,111			29,566			29,182
Net OREO expense	3,208			4,124			4,174
Net occupancy and equipment expense	8,108			7,513			8,157
Professional services	6,665			6,905			7,571
Technology and related costs	2,906			2,851			2,709
FDIC premiums	1,785			1,659			1,799
Other	14,340			8,539			10,584
Total noninterest expense	70,123			61,157			64,176
(Loss) income before income tax expense	(85,520		)	7,126			10,525
Income tax (benefit) expense	(36,993		)	761			1,583
Net (loss) income	(48,527		)	6,365			8,942
Preferred dividends	—			—			(2,586		)
Net (loss) income applicable to non-vested restricted shares	715			(76		)	(93		)
Net (loss) income applicable to common shares	$	(47,812	)	$	6,289		$	6,263
Diluted earnings per common share	$	(0.65	)	$	0.09		$	0.09
Dividends declared per common share	$	0.01		$	0.01		$	0.01
Weighted average diluted common shares outstanding	73,742			73,659			73,361

15

EX-99.2

Exhibit 99.2

First Midwest Bancorp, Inc.

Selected Financial Information

(Amounts in thousands, except per share data)

	2012												2011															2010
	March 31			June 30			September 30			Sept. 30/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD
Period-End Balance Sheet
Assets:
Cash and cash equivalents	$	486,373		$	478,162		$	518,374		$	518,374		$	526,460		$	711,469		$	1,062,333		$	641,530		$	641,530		$	126,914		$	373,080		$	735,945		$	585,776		$	585,776
Securities available-for-sale	1,183,975			1,174,931			1,191,582			1,191,582			1,057,758			1,009,873			970,430			1,013,006			1,013,006			1,152,039			1,090,109			1,058,609			1,057,802			1,057,802
Securities held-to-maturity	56,319			60,933			41,944			41,944			81,218			76,142			74,375			60,458			60,458			90,449			87,843			85,687			81,320			81,320
FHLB and FRB stock	46,750			46,750			47,232			47,232			61,338			58,187			58,187			58,187			58,187			59,428			59,864			62,038			61,338			61,338
Loans held-for-sale	1,500			—			90,011			90,011			3,800			1,595			4,620			4,200			4,200			—			—			1,168			236			236
Loans:
Commercial and industrial	1,496,966			1,597,427			1,610,169			1,610,169			1,493,465			1,518,772			1,476,034			1,458,446			1,458,446			1,454,714			1,494,119			1,472,439			1,465,903			1,465,903
Agricultural	237,686			272,742			259,787			259,787			234,898			237,518			250,436			243,776			243,776			200,527			199,597			212,800			227,756			227,756
Commercial real estate:
Office, retail, and industrial	1,366,899			1,391,129			1,330,331			1,330,331			1,205,880			1,229,100			1,263,315			1,299,082			1,299,082			1,239,583			1,220,191			1,215,649			1,203,613			1,203,613
Multi-family	301,356			308,250			309,509			309,509			344,645			336,138			317,313			288,336			288,336			348,178			369,281			350,458			349,862			349,862
Residential construction	99,768			88,908			61,920			61,920			151,887			129,327			116,283			105,836			105,836			276,322			241,094			226,126			174,690			174,690
Commercial construction	142,307			147,626			136,509			136,509			153,392			146,679			145,889			144,909			144,909			233,662			202,041			193,041			164,472			164,472
Other commercial real estate	829,005			817,071			780,712			780,712			850,334			852,966			877,241			888,146			888,146			790,502			831,723			837,877			856,357			856,357
1-4 family mortgages	217,729			237,341			292,908			292,908			178,538			185,002			189,587			201,099			201,099			139,840			145,457			150,110			160,890			160,890
Consumer	445,612			437,532			436,500			436,500			482,504			477,409			468,396			458,483			458,483			512,546			504,844			506,166			497,017			497,017
Total loans, excluding covered loans	5,137,328			5,298,026			5,218,345			5,218,345			5,095,543			5,112,911			5,104,494			5,088,113			5,088,113			5,195,874			5,208,347			5,164,666			5,100,560			5,100,560
Covered loans	251,376			230,047			216,610			216,610			349,446			314,942			289,747			260,502			260,502			144,369			164,924			396,121			371,729			371,729
Allowance for loan losses	(116,264		)	(116,182		)	(102,445		)	(102,445		)	(142,503		)	(137,331		)	(128,791		)	(119,462		)	(119,462		)	(144,824		)	(145,027		)	(144,569		)	(142,572		)	(142,572		)
Net loans	5,272,440			5,411,891			5,332,510			5,332,510			5,302,486			5,290,522			5,265,450			5,229,153			5,229,153			5,195,419			5,228,244			5,416,218			5,329,717			5,329,717
Other real estate owned	35,276			28,309			36,487			36,487			33,863			24,407			23,863			33,975			33,975			62,565			57,023			52,044			31,069			31,069
Covered other real estate owned	16,990			9,136			8,729			8,729			21,543			14,583			21,594			23,455			23,455			8,649			10,657			24,222			22,370			22,370
FDIC indemnification asset	58,488			58,302			47,191			47,191			85,386			95,752			63,508			65,609			65,609			54,591			75,991			95,641			95,899			95,899
Investment in bank-owned life insurance	206,304			206,572			206,043			206,043			197,889			198,149			205,886			206,235			206,235			198,201			198,399			198,666			197,644			197,644
Goodwill and other intangible assets	282,815			281,981			281,914			281,914			285,077			284,120			283,163			283,650			283,650			280,477			281,255			287,173			286,033			286,033
Other assets	340,772			342,388			365,159			365,159			379,791			364,592			346,765			354,136			354,136			364,175			342,624			350,412			389,098			389,098
Total assets	$	7,988,002		$	8,099,355		$	8,167,176		$	8,167,176		$	8,036,609		$	8,129,391		$	8,380,174		$	7,973,594		$	7,973,594		$	7,592,907		$	7,805,089		$	8,367,823		$	8,138,302		$	8,138,302
Liabilities and Stockholders’ Equity:
Noninterest-bearing deposits	$	1,637,593		$	1,727,009		$	1,773,928		$	1,773,928		$	1,346,698		$	1,494,390		$	1,634,623		$	1,593,773		$	1,593,773		$	1,129,777		$	1,188,356		$	1,284,940		$	1,329,505		$	1,329,505
Interest-bearing deposits	4,848,770			4,900,734			4,975,127			4,975,127			5,073,196			5,001,159			4,991,985			4,885,402			4,885,402			4,734,327			4,935,209			5,392,319			5,181,971			5,181,971
Total deposits	6,486,363			6,627,743			6,749,055			6,749,055			6,419,894			6,495,549			6,626,608			6,479,175			6,479,175			5,864,104			6,123,565			6,677,259			6,511,476			6,511,476
Borrowed funds	202,155			189,524			183,691			183,691			273,342			272,024			386,429			205,371			205,371			387,163			328,470			323,077			303,974			303,974
Senior and subordinated debt	231,106			231,138			231,171			231,171			137,746			137,748			137,751			252,153			252,153			137,737			137,739			137,741			137,744			137,744
Other liabilities	95,677			72,398			69,824			69,824			81,925			82,828			77,476			74,308			74,308			60,135			59,803			69,687			73,063			73,063
Stockholders’ equity	972,701			978,552			933,435			933,435			1,123,702			1,141,242			1,151,910			962,587			962,587			1,143,768			1,155,512			1,160,059			1,112,045			1,112,045
Total liabilities and stockholders’ equity	$	7,988,002		$	8,099,355		$	8,167,176		$	8,167,176		$	8,036,609		$	8,129,391		$	8,380,174		$	7,973,594		$	7,973,594		$	7,592,907		$	7,805,089		$	8,367,823		$	8,138,302		$	8,138,302
Stockholders’ equity, excluding OCI	$	983,620		$	990,419		$	942,683		$	942,683		$	1,148,075		$	1,156,581		$	1,163,323		$	975,863		$	975,863		$	1,162,646		$	1,168,315		$	1,169,262		$	1,139,784		$	1,139,784
Stockholders’ equity, common	972,701			978,552			933,435			933,435			930,702			948,242			958,910			962,587			962,587			950,768			962,512			967,059			919,045			919,045
Stockholders’ equity, common excluding OCI	983,620			990,419			942,683			942,683			955,075			963,581			970,323			975,863			975,863			969,646			975,315			976,262			946,784			946,784
Stockholders’ equity, preferred	—			—			—			—			193,000			193,000			193,000			—			—			193,000			193,000			193,000			193,000			193,000
Average Balance Sheet
Total assets	$	7,957,190		$	8,113,742		$	8,227,113		$	8,099,815		$	8,094,951		$	8,171,095		$	8,229,780		$	8,142,503		$	8,159,906		$	7,665,781		$	7,905,364		$	8,203,617		$	8,314,634		$	8,024,654
Investment securities	1,163,338			1,238,767			1,220,654			1,207,634			1,166,991			1,150,221			1,057,075			1,069,844			1,110,619			1,298,832			1,213,455			1,178,794			1,139,127			1,207,036
FHLB and FRB stock	52,531			46,750			47,111			48,792			61,338			59,745			58,187			58,187			59,352			58,495			59,758			60,998			61,703			60,249
Total loans, excluding covered loans	5,089,286			5,213,944			5,353,911			5,219,539			5,075,840			5,108,234			5,136,130			5,085,792			5,101,621			5,197,499			5,204,566			5,207,419			5,155,416			5,191,154
Covered loans and FDIC indemnification asset	318,569			297,141			276,180			297,219			444,242			420,108			387,635			343,479			398,559			208,663			233,907			367,727			480,612			323,595
Other earning assets	464,373			448,126			450,917			454,459			483,252			582,570			758,030			732,051			639,984			55,275			314,480			464,793			609,391			382,023
Total interest-earning assets	$	7,088,097		$	7,244,728		$	7,348,773		$	7,227,643		$	7,231,663		$	7,320,878		$	7,397,057		$	7,289,353		$	7,310,135		$	6,818,764		$	7,026,166		$	7,279,731		$	7,446,249		$	7,164,057
Demand deposits	$	1,591,198		$	1,797,854		$	1,852,810		$	1,747,672		$	1,342,013		$	1,465,438		$	1,569,671		$	1,613,221		$	1,498,900		$	1,124,320		$	1,181,097		$	1,242,257		$	1,348,188		$	1,224,629
Interest-bearing demand deposits	386			718			514			539			—			—			—			24			6			—			—			—			—			—
Savings deposits	995,955			1,042,099			1,048,430			1,028,900			901,205			944,802			940,151			952,962			934,937			759,786			803,353			832,672			864,334			815,371
NOW accounts	1,051,484			1,063,336			1,110,898			1,075,369			1,044,280			1,126,913			1,129,893			1,062,993			1,091,178			922,179			1,157,246			1,173,347			1,075,642			1,082,774
Money market deposits	1,184,316			1,176,723			1,234,833			1,198,756			1,240,439			1,205,736			1,236,546			1,237,600			1,230,090			1,110,519			1,155,889			1,226,314			1,302,325			1,199,362
Transactional deposits	4,823,339			5,080,730			5,247,485			5,051,236			4,527,937			4,742,889			4,876,261			4,866,800			4,755,111			3,916,804			4,297,585			4,474,590			4,590,489			4,322,136
Time deposits	1,621,926			1,548,410			1,498,993			1,556,234			1,937,890			1,813,164			1,731,413			1,688,971			1,792,009			1,956,745			1,916,116			2,022,721			2,069,389			1,991,637
Total deposits	6,445,265			6,629,140			6,746,478			6,607,470			6,465,827			6,556,053			6,607,674			6,555,771			6,547,120			5,873,549			6,213,701			6,497,311			6,659,878			6,313,773
Borrowed funds	203,548			195,934			189,835			196,415			285,847			262,525			262,001			252,839			265,702			477,323			342,808			337,905			281,050			359,174
Senior and subordinated debt	248,232			231,123			231,156			236,816			137,745			137,747			137,749			187,488			150,285			137,736			137,738			137,740			137,743			137,739
Total funding sources	$	6,897,045		$	7,056,197		$	7,167,469		$	7,040,701		$	6,889,419		$	6,956,325		$	7,007,424		$	6,996,098		$	6,963,107		$	6,488,608		$	6,694,247		$	6,972,956		$	7,078,671		$	6,810,686
Stockholders’ equity	$	970,368		$	977,054		$	982,582		$	976,690		$	1,122,315		$	1,134,770		$	1,148,548		$	1,072,684		$	1,119,523		$	1,119,866		$	1,152,394		$	1,163,661		$	1,156,263		$	1,148,219
Stockholders’ equity, common	970,368			977,054			982,582			976,690			929,315			941,770			955,548			961,500			947,145			926,866			959,394			970,661			963,263			955,219
Stockholders’ equity, preferred	—			—			—			—			193,000			193,000			193,000			111,184			172,378			193,000			193,000			193,000			193,000			193,000

	2012												2011															2010
	March 31			June 30			September 30			Sept. 30/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD
Income Statement
Interest income	$	75,268		$	75,518		$	75,584		$	226,370		$	81,283		$	81,296		$	80,175		$	78,757		$	321,511		$	81,779		$	82,274		$	82,338		$	82,476		$	328,867
Interest expense	10,086			8,814			8,324			27,224			10,637			9,935			9,640			9,679			39,891			13,841			12,655			12,125			10,897			49,518
Net interest income	65,182			66,704			67,260			199,146			70,646			71,361			70,535			69,078			281,620			67,938			69,619			70,213			71,579			279,349
Provision for loan losses	18,210			22,458			111,791			152,459			19,492			18,763			20,425			21,902			80,582			18,350			21,526			33,576			73,897			147,349
Service charges on deposit accounts	8,660			8,848			9,502			27,010			8,144			9,563			10,215			9,957			37,879			8,381			9,052			9,249			9,202			35,884
Wealth management fees	5,392			5,394			5,415			16,201			5,053			5,237			4,982			5,052			20,324			4,529			4,620			4,714			4,943			18,806
Other service charges, commissions, and fees	3,520			4,097			4,187			11,804			3,977			4,243			4,289			3,877			16,386			3,236			3,710			3,946			3,603			14,495
Card-based fees	5,020			5,312			5,246			15,578			4,529			5,162			4,931			4,971			19,593			3,893			4,497			4,547			4,640			17,577
Total fee-based revenue	22,592			23,651			24,350			70,593			21,703			24,205			24,417			23,857			94,182			20,039			21,879			22,456			22,388			86,762
Bank-owned life insurance income	248			404			300			952			252			259			1,479			241			2,231			248			349			267			696			1,560
Net securities (losses) gains	(943		)	151			(217		)	(1,009		)	540			1,531			449			(110		)	2,410			3,057			1,121			6,376			1,662			12,216
Gains on FDIC-assisted transactions	—			—			3,289			3,289			—			—			—			—			—			—			4,303			—			—			4,303
Gains on early extinguishment of debt	256			—			—			256			—			—			—			—			—			—			—			—			—			—
Gain on acquisition of deposits	—			—			—			—			—			—			—			1,076			1,076			—			—			—			—			—
Other	2,536			(169		)	1,412			3,779			1,722			499			(1,754		)	1,571			2,038			977			(342		)	1,654			1,421			3,710
Total noninterest income	24,689			24,037			29,134			77,860			24,217			26,494			24,591			26,635			101,937			24,321			27,310			30,753			26,167			108,551
Salaries and employee benefits	34,050			29,566			33,111			96,727			32,818			31,554			29,182			35,220			128,774			26,884			26,540			29,926			31,028			114,378
Net occupancy and equipment expense	8,331			7,513			8,108			23,952			9,103			8,012			8,157			7,681			32,953			8,168			7,808			8,326			7,916			32,218
FDIC premiums	1,719			1,659			1,785			5,163			2,725			1,708			1,799			1,758			7,990			2,532			2,546			2,835			2,967			10,880
Losses on sales and valuation adjustments of OREO	303			2,527			2,025			4,855			2,227			3,423			2,611			1,425			9,686			7,879			8,924			8,265			15,412			40,480
Other real estate expense, net	1,561			1,597			1,183			4,341			1,704			1,800			1,563			1,540			6,607			2,908			2,926			1,312			2,408			9,554
Other intangibles amortization	834			834			849			2,517			957			956			957			932			3,802			1,003			1,029			1,107			1,139			4,278
Other expenses	15,815			17,461			23,062			56,338			15,884			18,266			19,907			18,035			72,092			16,099			17,682			17,006			16,204			66,991
Total noninterest expense	62,613			61,157			70,123			193,893			65,418			65,719			64,176			66,591			261,904			65,473			67,455			68,777			77,074			278,779
Income before income tax	9,048			7,126			(85,520		)	(69,346		)	9,953			13,373			10,525			7,220			41,071			8,436			7,948			(1,387		)	(53,225		)	(38,228		)
Income tax	1,156			761			(36,993		)	(35,076		)	(91		)	2,720			1,583			296			4,508			355			139			(3,972		)	(25,066		)	(28,544		)
Net income	$	7,892		$	6,365		$	(48,527	)	$	(34,270	)	$	10,044		$	10,653		$	8,942		$	6,924		$	36,563		$	8,081		$	7,809		$	2,585		$	(28,159	)	$	(9,684	)
Net income applicable to common shares	$	7,753		$	6,289		$	(47,812	)	$	(33,770	)	$	7,326		$	7,971		$	6,263		$	3,877		$	25,437		$	5,428		$	5,171		$	11		$	(30,327	)	$	(19,717	)
Basic earnings per common share	0.11			0.09			(0.65		)	(0.46		)	0.10			0.11			0.09			0.05			0.35			0.08			0.07			0.00			(0.41		)	(0.27		)
Diluted earnings per common share	0.11			0.09			(0.65		)	(0.46		)	0.10			0.11			0.09			0.05			0.35			0.08			0.07			0.00			(0.41		)	(0.27		)
Weighted average shares outstanding	73,505			73,659			73,742			73,739			73,151			73,259			73,361			73,382			73,289			70,469			73,028			73,072			73,085			72,422
Weighted average diluted shares outstanding	73,505			73,659			73,742			73,739			73,151			73,259			73,361			73,382			73,289			70,469			73,028			73,072			73,085			72,422
Tax equivalent adjustment (1)	$	3,292		$	3,324		$	3,400		$	10,016		$	3,567		$	3,517		$	3,395		$	3,339		$	13,818		$	4,252		$	4,265		$	4,053		$	3,742		$	16,312
Net interest income (FTE) (1)	68,474			70,028			70,660			209,162			74,213			74,878			73,930			72,417			295,438			72,190			73,884			74,266			75,321			295,661
Common stock and related per common share data:
Book value	$	12.99		$	13.07		$	12.47		$	12.47		$	12.49		$	12.73		$	12.87		$	12.93		$	12.93		$	12.84		$	13.00		$	13.06		$	12.40		$	12.40
Tangible book value	9.21			9.30			8.71			8.71			8.66			8.92			9.07			9.12			9.12			9.05			9.20			9.18			8.54			8.54
Dividends declared per share	0.01			0.01			0.01			0.03			0.01			0.01			0.01			0.01			0.04			0.01			0.01			0.01			0.01			0.04
Closing price at period end	11.98			10.98			12.56			12.56			11.79			12.29			7.32			10.13			10.13			13.55			12.16			11.53			11.52			11.52
Market price - period high	12.87			12.25			13.40			13.40			13.07			13.48			12.72			10.31			13.48			14.43			17.95			13.43			13.13			17.95
Market price - period low	10.25			9.42			10.43			9.42			10.79			11.05			7.22			6.89			6.89			10.37			12.10			10.72			9.26			9.26
Closing price to book value	0.9			0.8			1.0			1.0			0.9			1.0			0.6			0.8			0.8			1.1			0.9			0.9			0.9			0.9
Period end shares outstanding	74,898			74,862			74,831			74,831			74,543			74,473			74,485			74,435			74,435			74,046			74,049			74,057			74,096			74,096
Period end treasury shares	10,889			10,925			10,956			10,956			11,244			11,314			11,302			11,352			11,352			11,741			11,738			11,730			11,691			11,691
Number of shares repurchased	—			—			—			—			—			—			—			—			—			—			—			—			—			—
Common dividends	$	749		$	745		$	747		$	2,241		$	746		$	743		$	745		$	744		$	2,978		$	740		$	741		$	743		$	741		$	2,965
Preferred dividends	—			—			—			—			2,413			2,412			2,413			1,420			8,658			2,413			2,412			2,412			2,413			9,650
Other Key Ratios/Data:
Return on average common equity (2)	3.21		%	2.59		%	-19.36		%	-4.62		%	3.20		%	3.39		%	2.60		%	1.60		%	2.69		%	2.38		%	2.16		%	4.50E-05			-12.49		%	-2.06		%
Return on average assets (2)	0.40		%	0.32		%	-2.35		%	-0.57		%	0.50		%	0.52		%	0.43		%	0.34		%	0.45		%	0.43		%	0.40		%	0.13		%	-1.34		%	-0.12		%
Net interest margin (1)	3.88		%	3.88		%	3.83		%	3.86		%	4.15		%	4.10		%	3.97		%	3.95		%	4.04		%	4.28		%	4.21		%	4.05		%	4.02		%	4.13		%
Yield on average earning assets (1)	4.45		%	4.37		%	4.28		%	4.37		%	4.75		%	4.64		%	4.49		%	4.47		%	4.59		%	5.10		%	4.94		%	4.72		%	4.60		%	4.82		%
Cost of funds	0.76		%	0.67		%	0.62		%	0.69		%	0.78		%	0.73		%	0.70		%	0.71		%	0.73		%	1.05		%	0.92		%	0.84		%	0.75		%	0.89		%
Efficiency ratio (1)	64.62		%	60.56		%	69.04		%	64.78		%	62.70		%	60.49		%	60.57		%	64.76		%	62.12		%	58.41		%	57.92		%	59.91		%	59.08		%	58.84		%
Net noninterest expense ratio (2)	1.88		%	1.85		%	2.13		%	1.96		%	2.09		%	2.00		%	1.93		%	1.99		%	2.00		%	2.34		%	2.31		%	2.15		%	2.51		%	2.33		%
Effective income tax rate	12.78		%	10.68		%	43.26		%	50.58		%	-0.91		%	20.34		%	15.04		%	4.10		%	10.98		%	4.21		%	1.75		%	286.37		%	47.09		%	74.67		%
Full time equivalent employees - end of period	1,757			1,758			1,768			1,768			1,845			1,846			1,833			1,791			1,791			1,729			1,762			1,884			1,838			1,838
Number of bank offices	98			98			95			95			97			96			96			98			98			94			95			100			98			98
Number of automated teller machines	132			132			131			131			136			135			133			132			132			129			131			129			137			137

Note:  Discussion of footnotes (1) and (2) are located at the end of this document.

	2012												2011															2010
	March 31			June 30			September 30			Sept. 30/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD
Pre-Tax, Pre-Provision Operating Earnings
Income before income tax	$	9,048		$	7,126		$	(85,520	)	$	(69,346	)	$	9,953		$	13,373		$	10,525		$	7,220		$	41,071		$	8,436		$	7,948		$	(1,387	)	$	(53,225	)	$	(38,228	)
Provision for credit losses	18,210			22,458			111,791			152,459			19,492			18,763			20,425			21,902			80,582			18,350			21,526			33,576			73,897			147,349
Pre-tax, pre-provision earnings	27,258			29,584			26,271			83,113			29,445			32,136			30,950			29,122			121,653			26,786			29,474			32,189			20,672			109,121
Adjustments to pre-tax, pre-provision earnings:
Security gains (losses), net	(943		)	151			(217		)	(1,009		)	540			1,531			449			(110		)	2,410			3,057			1,121			6,376			1,662			12,216
Gains on FDIC-assisted transactions	—			—			3,289			3,289			—			—			—			—			—			—			4,303			—			—			4,303
Gains on early extinguishment of debt	256			—			—			256			—			—			—			—			—			—			—			—			—			—
Gain on acquisition of deposits	—			—			—			—			—			—			—			1,076			1,076			—			—			—			—			—
Losses on sales and valuation adjustments of OREO	(303		)	(2,527		)	(2,025		)	(4,855		)	(2,227		)	(3,423		)	(2,611		)	(1,425		)	(9,686		)	(7,879		)	(8,924		)	(8,265		)	(15,412		)	(40,480		)
Valuation adjustments of assets held-for-sale	—			—			(1,255		)	(1,255		)	(310		)	(726		)	(75		)	—			(1,111		)	—			—			—			—			—
Accelerated amortization of FDIC indemnification asset	—			—			(4,000		)	(4,000		)	—			—			—			—			—			—			—			—			—			—
Severance-related costs	(315		)	—			(840		)	(1,155		)	—			(191		)	(78		)	(2,000		)	(2,269		)	—			—			—			—			—
Integration costs associated with FDIC-assisted transactions	—			—			—			—			—			—			—			—			—			(129		)	(1,772		)	(847		)	(576		)	(3,324		)
Total adjustments	(1,305		)	(2,376		)	(5,048		)	(8,729		)	(1,997		)	(2,809		)	(2,315		)	(2,459		)	(9,580		)	(4,951		)	(5,272		)	(2,736		)	(14,326		)	(27,285		)
Pre-tax, pre-provision operating earnings	$	28,563		$	31,960		$	31,319		$	91,842		$	31,442		$	34,945		$	33,265		$	31,581		$	131,233		$	31,737		$	34,746		$	34,925		$	34,998		$	136,406
Risk-Based Capital Data:
Preferred stock	$	—		$	—		$	—		$	—		$	191,050		$	191,220		$	191,393		$	—		$	—		$	190,392		$	190,553		$	190,716		$	190,882		$	190,882
Common stock	858			858			858			858			858			858			858			858			858			858			858			858			858			858
Accumulated paid in capital	413,742			414,665			417,245			417,245			422,405			424,877			425,647			428,001			428,001			434,704			435,605			436,774			437,550			437,550
Retained earnings	817,630			823,250			773,976			773,976			794,395			801,723			807,334			810,487			810,487			815,395			819,890			819,157			787,678			787,678
Treasury stock	(248,610		)	(248,354		)	(249,396		)	(249,396		)	(260,633		)	(262,097		)	(261,909		)	(263,483		)	(263,483		)	(278,703		)	(278,591		)	(278,243		)	(277,184		)	(277,184		)
Trust preferred securities	64,265			64,265			64,265			64,265			84,730			84,730			84,730			84,730			84,730			84,730			84,730			84,730			84,730			84,730
Minority interest	—			—			—			—			—			—			—			—			—			3			1			1			—			—
Intangible assets	(282,815		)	(281,981		)	(281,914		)	(281,914		)	(285,077		)	(284,120		)	(283,163		)	(283,650		)	(283,650		)	(280,477		)	(281,255		)	(287,173		)	(286,033		)	(286,033		)
Disallowed deferred tax assets	(50,602		)	(54,178		)	(86,201		)	(86,201		)	(43,392		)	(41,363		)	(44,858		)	(52,080		)	(52,080		)	—			(1,761		)	(13,662		)	(41,071		)	(41,071		)
Tier 1 capital	714,468			718,525			638,833			638,833			904,336			915,828			920,032			724,863			724,863			966,902			970,030			953,158			897,410			897,410
Tier 2 capital	129,330			110,938			111,102			111,102			130,033			129,595			129,277			129,098			129,098			131,114			130,949			131,564			130,351			130,351
Total capital	$	843,798		$	829,463		$	749,935		$	749,935		$	1,034,369		$	1,045,423		$	1,049,309		$	853,961		$	853,961		$	1,098,016		$	1,100,979		$	1,084,722		$	1,027,761		$	1,027,761
Risk-adjusted assets	$	6,263,673		$	6,409,299		$	6,437,263		$	6,437,263		$	6,291,987		$	6,261,928		$	6,244,070		$	6,241,191		$	6,241,191		$	6,372,521		$	6,361,397		$	6,416,082		$	6,317,744		$	6,317,744
Tier 1 common capital	650,203			654,260			574,568			574,568			626,606			638,098			642,302			640,133			640,133			689,172			692,300			675,428			619,680			619,680
Tangible common equity	689,886			696,571			651,521			651,521			645,625			664,122			675,747			678,937			678,937			670,291			681,257			679,886			633,012			633,012
Tangible common equity excluding OCI	700,805			708,438			660,769			660,769			669,998			679,461			687,160			692,213			692,213			689,169			694,060			689,089			660,751			660,751
Adjusted average assets	7,620,776			7,772,866			7,854,202			7,854,202			7,795,603			7,862,447			7,909,645			7,813,637			7,813,637			7,404,963			7,640,068			7,909,998			8,002,186			8,002,186
Total capital / risk-weighted assets	13.47		%	12.94		%	11.65		%	11.65		%	16.44		%	16.69		%	16.80		%	13.68		%	13.68		%	17.23		%	17.31		%	16.91		%	16.27		%	16.27		%
Tier 1 capital / risk-weighted assets	11.41		%	11.21		%	9.92		%	9.92		%	14.37		%	14.63		%	14.73		%	11.61		%	11.61		%	15.17		%	15.25		%	14.86		%	14.20		%	14.20		%
Leverage ratio	9.38		%	9.24		%	8.13		%	8.13		%	11.60		%	11.65		%	11.63		%	9.28		%	9.28		%	13.06		%	12.70		%	12.05		%	11.21		%	11.21		%
Tier 1 common capital / risk-weighted assets	10.38		%	10.21		%	8.93		%	8.93		%	9.96		%	10.19		%	10.29		%	10.26		%	10.26		%	10.81		%	10.88		%	10.53		%	9.81		%	9.81		%
Tangible common equity ratio	8.95		%	8.91		%	8.26		%	8.26		%	8.33		%	8.47		%	8.35		%	8.83		%	8.83		%	9.17		%	9.05		%	8.41		%	8.06		%	8.06		%
Tangible common equity ratio, excluding OCI	9.10		%	9.06		%	8.38		%	8.38		%	8.64		%	8.66		%	8.49		%	9.00		%	9.00		%	9.42		%	9.22		%	8.53		%	8.41		%	8.41		%
Tangible common equity / risk-weighted assets	11.01		%	10.87		%	10.12		%	10.12		%	10.26		%	10.61		%	10.82		%	10.88		%	10.88		%	10.52		%	10.71		%	10.60		%	10.02		%	10.02		%

	2012												2011															2010
	March 31			June 30			September 30			Sept. 30/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD			March 31			June 30			September 30			December 31			Dec. 31/YTD
Asset Quality Performance Data:
Ending loans, excluding covered loans	$	5,137,328		$	5,298,026		$	5,218,345		5,218,345			$	5,095,543		$	5,112,911		$	5,104,494		$	5,088,113		5,088,113			$	5,195,874		$	5,208,347		$	5,164,666		$	5,100,560		5,100,560
Average loans, excluding covered loans	5,089,286			5,213,944			5,353,911			5,219,539			5,075,840			5,108,234			5,136,130			5,085,792			5,101,621			5,197,499			5,204,566			5,207,419			5,155,416			5,191,154
Non-performing loans:
Commercial and industrial	$	55,158		$	55,358		$	31,102		$	31,102		$	54,561		$	44,393		$	30,507		$	44,152		$	44,152		$	38,095		$	39,942		$	40,955		$	50,088		$	50,088
Agricultural	882			1,293			1,204			1,204			1,171			1,009			2,977			1,019			1,019			2,532			1,139			3,495			2,497			2,497
Commercial real estate:
Office, retail, and industrial	34,831			46,629			22,624			22,624			16,753			16,567			24,728			30,043			30,043			18,204			17,170			21,721			19,573			19,573
Multi-family	9,615			8,843			2,028			2,028			6,787			23,385			18,196			6,487			6,487			8,349			7,904			6,813			6,203			6,203
Residential construction	21,104			17,500			4,750			4,750			36,326			23,576			20,911			18,076			18,076			93,412			71,148			61,050			52,122			52,122
Commercial construction	20,297			21,981			4,423			4,423			20,980			21,449			15,672			23,347			23,347			20,023			20,457			21,471			28,685			28,685
Other commercial real estate	43,137			34,192			21,284			21,284			38,732			36,984			45,727			51,447			51,447			21,806			21,950			44,516			40,605			40,605
1-4 family mortgages	5,648			5,466			5,901			5,901			3,362			4,577			4,648			5,322			5,322			5,826			5,706			3,310			3,902			3,902
Consumer	8,873			7,246			6,263			6,263			7,891			5,555			7,823			7,432			7,432			7,826			8,273			8,035			8,107			8,107
Total non-accrual loans	199,545			198,508			99,579			99,579			186,563			177,495			171,189			187,325			187,325			216,073			193,689			211,366			211,782			211,782
Loans past due 90 days and still accruing	7,674			8,192			12,582			12,582			5,231			6,502			6,008			9,227			9,227			7,995			6,280			9,136			4,244			4,244
Total non-performing loans	207,219			206,700			112,161			112,161			191,794			183,997			177,197			196,552			196,552			224,068			199,969			220,502			216,026			216,026
Restructured, accruing loans	2,076			7,811			6,391			6,391			14,120			14,529			7,033			17,864			17,864			5,168			9,030			11,002			22,371			22,371
Other real estate owned	35,276			28,309			36,487			36,487			33,863			24,407			23,863			33,975			33,975			62,565			57,023			52,044			31,069			31,069
Total non-performing assets	$	244,571		$	242,820		$	155,039		$	155,039		$	239,777		$	222,933		$	208,093		$	248,391		$	248,391		$	291,801		$	266,022		$	283,548		$	269,466		$	269,466
Loans past due 30-89 days and still accruing	$	21,241		$	23,597		$	20,088		$	20,088		$	28,927		$	30,424		$	34,061		$	27,495		$	27,495		$	28,018		$	32,012		$	41,590		$	23,646		$	23,646
Allowance for credit losses:
Allowance for loan losses	$	116,264		$	116,182		$	102,445		$	102,445		$	142,503		$	137,331		$	128,791		$	119,462		$	119,462		$	144,824		$	145,027		$	144,569		$	142,572		$	142,572
Reserve for unfunded commitments	2,500			2,500			2,500			2,500			2,500			2,500			2,500			2,500			2,500			—			450			450			2,500			2,500
Total allowance for credit losses	$	118,764		$	118,682		$	104,945		$	104,945		$	145,003		$	139,831		$	131,291		$	121,962		$	121,962		$	144,824		$	145,477		$	145,019		$	145,072		$	145,072
Provision for loan losses	$	18,210		$	22,458		$	111,791		$	152,459		$	19,492		$	18,763		$	20,425		$	21,902		$	80,582		$	18,350		$	21,526		$	33,576		$	73,897		$	147,349
Net charge-offs by category:
Commercial and industrial	$	7,524		$	5,870		$	39,253		$	52,647		$	3,128		$	5,585		$	10,165		$	8,910		$	27,788		$	4,463		$	2,679		$	13,262		$	10,198		$	30,602
Agricultural	(50		)	18			4,531			4,499			9			799			177			484			1,469			141			546			489			125			1,301
Commercial real estate:
Office, retail, and industrial	2,665			2,263			32,322			37,250			1,183			609			2,543			3,779			8,114			1,644			2,353			2,825			2,888			9,710
Multi-family	9			313			2,755			3,077			549			6,652			2,170			4,803			14,174			512			485			222			1,206			2,425
Residential construction	463			3,598			9,242			13,303			5,418			899			2,250			2,498			11,065			4,452			9,994			4,460			35,935			54,841
Commercial construction	170			2,616			11,037			13,823			261			133			4,115			1,673			6,182			270			115			228			7,743			8,356
Other commercial real estate	8,177			2,934			23,026			34,137			5,358			2,107			4,421			3,002			14,888			4,449			1,507			10,217			12,202			28,375
1-4 family mortgages	210			250			569			1,029			246			340			320			196			1,102			120			261			363			238			982
Consumer	1,966			2,244			2,351			6,561			2,317			2,703			1,780			2,199			8,999			2,283			2,282			1,979			2,374			8,918
Net charge-offs, excluding covered assets	21,134			20,106			125,086			166,326			18,469			19,827			27,941			27,544			93,781			18,334			20,222			34,045			72,909			145,510
Charge-offs on covered assets	274			2,434			442			3,150			1,092			4,108			1,024			3,687			9,911			—			651			(11		)	935			1,575
Total net charge-offs	$	21,408		$	22,540		$	125,528		$	169,476		$	19,561		$	23,935		$	28,965		$	31,231		$	103,692		$	18,334		$	20,873		$	34,034		$	73,844		$	147,085
Asset Quality ratios:
Non-accrual loans / loans	3.88		%	3.75		%	1.91		%	1.91		%	3.66		%	3.47		%	3.35		%	3.68		%	3.68		%	4.16		%	3.72		%	4.09		%	4.15		%	4.15		%
Non-performing loans / loans	4.03		%	3.90		%	2.15		%	2.15		%	3.76		%	3.60		%	3.47		%	3.86		%	3.86		%	4.31		%	3.84		%	4.27		%	4.24		%	4.24		%
Non-performing assets / loans plus OREO	4.73		%	4.56		%	2.95		%	2.95		%	4.67		%	4.34		%	4.06		%	4.85		%	4.85		%	5.55		%	5.05		%	5.44		%	5.25		%	5.25		%
Non-performing assets / tangible common equity plus allowance for credit losses	30.24		%	29.78		%	20.50		%	20.50		%	30.33		%	27.73		%	25.78		%	31.01		%	31.01		%	35.80		%	32.18		%	34.37		%	34.63		%	34.63		%
Non-accrual loans / total assets	2.50		%	2.45		%	1.22		%	1.22		%	2.32		%	2.18		%	2.04		%	2.35		%	2.35		%	2.85		%	2.48		%	2.53		%	2.60		%	2.60		%
Allowance for credit losses and net charge-off ratios:
Allowance for credit losses / loans	2.31		%	2.24		%	2.01		%	2.01		%	2.85		%	2.73		%	2.57		%	2.40		%	2.40		%	2.79		%	2.79		%	2.81		%	2.84		%	2.84		%
Allowance for credit losses / non-accrual loans	59.52		%	59.79		%	105.39		%	105.39		%	77.72		%	78.78		%	76.69		%	65.11		%	65.11		%	67.03		%	75.11		%	68.61		%	68.50		%	68.50		%
Allowance for credit losses / non-performing loans	57.31		%	57.42		%	93.57		%	93.57		%	75.60		%	76.00		%	74.09		%	62.05		%	62.05		%	64.63		%	72.75		%	65.77		%	67.15		%	67.15		%
Net charge-offs to average net loans (2)	1.67		%	1.55		%	9.29		%	4.26		%	1.48		%	1.56		%	2.16		%	2.15		%	1.84		%	1.43		%	1.56		%	2.59		%	5.61		%	2.80		%

Footnotes:

(1)Tax equivalent basis reflects federal and state tax benefits.

(2)Annualized based on the actual number of days for each period presented.