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 22, 2008

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:

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

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

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

¨ Pre-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 22, 2008

Item 2.02 Results of Operations and Financial Condition

On October 22, 2008, First Midwest Bancorp, Inc. (the “Company”) issued a press release announcing its earnings results for the quarter ended September 30, 2008. This press release, dated October 22, 2008, is attached as Exhibit 99.1 to this report.

Item 7.01 Regulation FD Disclosure

The Company also has made the information attached hereto as Exhibit 99.2 available via its website at www.firstmidwest.com/aboutinvstor_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 22, 2008
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 22, 2008	/S/ CYNTHIA A. LANCE
	By: Cynthia A. Lance
	Executive Vice President and Corporate Secretary

EX-99.1

Exhibit 99.1

	News Release
	First Midwest Bancorp, Inc.
	One Pierce Place, Suite 1500
	Itasca, Illinois 60143
	(630) 875-7450

FOR IMMEDIATE RELEASE		CONTACT:	Greg Gorbatenko
			Investor Relations
			(630) 875-7533
TRADED:	NASDAQ Global Select Market		www.firstmidwest.com
SYMBOL:	FMBI

FIRST MIDWEST BANCORP, INC. ANNOUNCES

2008 THIRD QUARTER RESULTS

Solid Operating Performance – Continued Aggressive

Credit Remediation – Increased Capital and Loan Loss Reserves

• Diluted earnings per share of $0.50; return on average assets of 1.16%; return on average equity of 13.09%.

• Annualized total loan growth of 3% from June 30, 2008, 10% annualized in targeted categories.

• Loan loss reserve increased to 1.34% of loans, covering nonperforming loans by 126%; provisioning exceeding net charge-offs by 40%.

• Tier 1 capital level increased to 9.42%, up 13 basis points.

ITASCA, IL, OCTOBER 22, 2008 – First Midwest Bancorp, Inc. (the “Company” or “First Midwest”) (NASDAQ NGS: FMBI), the holding company of First Midwest Bank, today reported results of operations and financial condition for third quarter 2008. Fully diluted earnings per share were $0.50 compared with $0.56 for second quarter 2008. Excluding offsetting noncore transactions, the comparison was $0.47 for third quarter 2008 versus $0.51 for second quarter 2008. The noncore items consisted of the write-off of approximately $1.7 million in book value of the sole remaining asset-backed collateralized debt obligation, offset by the recognition of tax benefits of approximately $2.5 million. Return on average assets was 1.16% for third quarter 2008 versus 1.33% for second quarter 2008 while the return on average equity was 13.09% versus 14.57% for the same periods.

In announcing these results, President and CEO, Michael L. Scudder said, “Performance for the quarter, while solid, reflected the impact of a fading economic environment, significantly weakened housing sector, and erratic financial markets. With such conditions expected to continue and while the impact of the government stimulus unfolds, we remain focused on meeting the needs of our

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clients, aggressively addressing our asset quality issues, and judiciously managing our strong capital. While these times present a number of challenges, they also represent an opportunity to leverage our financial strength and the focus and commitment of our employees to both serve our communities and enhance the value of our franchise.”

Operating Performance

Operating income before taxes totaled $25.0 million for third quarter 2008, as compared to $27.0 million for second quarter 2008, with the decline in earnings primarily due to higher provision for loan losses. Provisions for third quarter 2008 were $13.0 million as contrasted to $5.8 million in second quarter 2008. Securities losses for third quarter and second quarter 2008 were $1.7 million and $4.6 million, respectively. Excluding provision expense and realized securities losses, third quarter 2008 income before taxes was up 6% from second quarter 2008.

Total loans as of September 30, 2008 were $5.2 billion, up 3% annualized as compared to June 30, 2008 as the seasonal reduction in the agricultural portfolio offset targeted growth in commercial and industrial and commercial real estate lending. The Company feels it is well positioned to both pursue and take advantage of prudent, targeted lending opportunities. Total average deposits for third quarter 2008 were $5.8 billion, unchanged from the prior quarter.

Tax equivalent net interest margin was 3.63% for third quarter 2008 as compared to 3.58% for second quarter 2008, reflecting the Company’s strong core deposit base and its ability to effectively manage its cost of funds.

Fee-based revenues improved to $24.8 million, up 3% on a linked quarter basis, due to higher service charge revenue. Trust revenue for third quarter 2008 was $3.8 million, down from $3.9 million in second quarter 2008. Despite a deteriorating equity environment, trust sales remained solid in a difficult financial market, boding well for stronger performance as markets recover.

Operating efficiency remains a financial hallmark with the efficiency ratio for third quarter 2008 at 50.3%, improved from 51.7% for second quarter 2008.

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Credit Remediation

As expected, credit quality trends for the quarter were negatively impacted by continued housing market stress, particularly in the residential land and development segments of the loan portfolio. This segment, representing approximately 10% of the overall loan portfolio, was underwritten to loan-to-value guidelines for unimproved and developed land of 65% and 75%, respectively, thus providing protection as values decline. The Company is aggressively engaged with its builder/developer clients to determine the best solutions to maximize value for the entire segment. In future quarters, the migration of troubled loans from performing to nonperforming and, in some cases, to other real estate owned and finally to cash repayment will vary dependent upon the adopted solution. The Company has both realigned and increased its credit remediation staffing in response to deteriorating credit trends both in this segment and overall.

Nonperforming loans at September 30, 2008 were $55.6 million, representing 1.06% of total loans. Compared to second quarter 2008, nonperforming loan levels increased $30.1 million. This increase is primarily related to three residential development loans totaling $20 million and a single commercial credit of $5.5 million operating in the transportation industry.

During third quarter 2008, other real estate owned increased to $23.7 million as the Company enforced its rights to collateral underlying troubled loans with residential land and development properties comprising 75% of such real estate. All properties are recorded at estimated net realizable values and are being aggressively marketed.

Loans past due 90 days and still accruing totaled $37.3 million as of September 30, 2008, approximately the level as of June 30, 2008. Residential and development loans represent approximately 50% of this total and primarily consist of a loan made to a single borrower which is adequately collateralized and in the process of collection.

During third quarter 2008, net charge-offs totaled $9.3 million as compared to $4.5 million in second quarter 2008, with residential land and development loans accounting for substantially all of the linked quarter increase.

The Company increased its reserve for loan losses to $69.8 million as of September 30, 2008, up $3.7 million from June 30, 2008, representing 1.34% of total loans and covering nonperforming loans by 126%. Provision for losses for third quarter 2008 totaled $13.0 million and exceeded net charge-offs by 40%.

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Additional disclosures about credit quality appear in the financial statement section of this release.

Capital Management

All regulatory mandated ratios for characterization as “well capitalized” were achieved as of September 30, 2008 and December 31, 2007 as presented below:

	Minimum “Well- Capitalized” Level		9/30/08		Excess Over Required Minimums at 9/30/08				12/31/07
							(Amounts in millions)
Tier 1 Risk Based Capital	6.00	%	9.42	%	57	%	$	221	9.15	%
Total Risk Based Capital	10.00	%	12.04	%	20	%	$	132	11.73	%
Tier 1 Leverage Capital	5.00	%	7.59	%	52	%	$	208	7.46	%

The Company is focused on the prudent management of capital to permit continuing investment in our business and the support of future opportunities while navigating the difficult current environment. During November, the Company will undertake a comprehensive review of existent capital plans (dividends, share repurchases, required reserves, and appropriate capital levels) in the context of the current and projected environment. As a part of this review, the Company will assess opportunities presented by the recently announced governmental equity investment and related programs.

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About the Company

First Midwest is the premier relationship-based banking franchise in the growing Chicagoland banking market. As one of the Chicago metropolitan area’s largest independent bank holding companies, First Midwest provides the full range of both business and retail banking and trust and investment management services through 98 offices located in 62 communities, primarily in metropolitan Chicago. First Midwest was recently recognized by the Alfred P. Sloan awards for Business Excellence in Workforce Flexibility in the greater Chicago Area.

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, 2007 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 22nd, at 10:00 a.m. (ET). Members of the public who would like to listen to the conference call should dial 1-800-659-2037 (U.S. domestic) or 1-617-614-2713 (international) and enter passcode number 225-78-148. The number should be dialed at least 10 minutes prior to the start of the conference call. The conference call will also be accessible as an audio webcast through the Investor Relations section of the Company’s web site, www.firstmidwest.com/aboutinvestor_overview.asp. There is no charge to access the call. For those unable to listen to the live broadcast, a replay will be available on the Company’s web site or by dialing 1-888-286-8010 (U.S. domestic) or 1-617-801-6888 (international) passcode number 950-59-150, beginning approximately one hour after the event through 11:59 pm (ET) on October 29, 2008. 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.

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Accompanying Financial Statements and Tables

Accompanying this press release is the following unaudited financial information:

• Operating Highlights, Balance Sheet Highlights, Stock Performance Data, and Capital Ratios (1 page)

• Condensed Consolidated Statements of Condition (1 page)

• Condensed Consolidated Statements of Income (1 page)

• Loan Portfolio Composition (1 page)

• Asset Quality (1 page)

Press Release and Additional Information Available on Website

This press release, the accompanying financial statements and tables, and certain additional unaudited Selected Financial Information (totaling 3 pages) are available through the “Investor Relations” section of First Midwest’s website at www.firstmidwest.com.

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First Midwest Bancorp, Inc. Press Release Dated October 22, 2008

Operating Highlights

Unaudited	Quarters Ended
(Dollar amounts in thousands except per share data)	Sept. 30, 2008			June 30, 2008			Sept. 30, 2007
Net income	$	24,191		$	26,997		$	27,237
Diluted earnings per share	$	0.50		$	0.56		$	0.55
Return on average equity		13.09	%		14.57	%		14.57	%
Return on average assets		1.16	%		1.33	%		1.35	%
Net interest margin		3.63	%		3.58	%		3.63	%
Efficiency ratio		50.30	%		51.67	%		51.87	%

Balance Sheet Highlights

Unaudited	As Of
(Dollar amounts in thousands except per share data)	Sept. 30, 2008		June 30, 2008		Sept. 30, 2007
Total assets	$	8,246,655	$	8,311,025	$	7,884,345
Total loans		5,223,582		5,182,355		4,931,472
Total deposits		5,658,284		5,785,163		5,834,175
Stockholders’ equity		718,909		724,034		727,928
Book value per share	$	14.81	$	14.90	$	14.94
Period end shares outstanding		48,590		48,584		48,735

Stock Performance Data

Unaudited	Quarters Ended
(Dollar amounts in thousands except per share data)	Sept. 30, 2008			June 30, 2008			Sept. 30, 2007
Market Price:
Quarter End	$	24.24		$	18.65		$	34.16
High	$	40.09		$	29.36		$	36.62
Low	$	13.56		$	18.65		$	31.87
Quarter end price to book value		1.6	x		1.3	x		2.3	x
Quarter end price to consensus estimated 2008 earnings		11.9	x		N/A			N/A
Dividends declared per share	$	0.310		$	0.310		$	0.295
Common dividends paid	$	15,088		$	15,084		$	14,400

Capital Ratios

Unaudited	As Of
	Sept. 30, 2008		June 30, 2008		Sept. 30, 2007
Regulatory capital ratios:
Total capital to risk-weighted assets	12.04	%	11.87	%	12.17	%
Tier 1 capital to risk-weighted assets	9.42	%	9.29	%	9.59	%
Tier 1 leverage to average assets	7.59	%	7.56	%	7.75	%
Tangible equity ratios:
Tangible equity to tangible assets	5.45	%	5.45	%	5.77	%
Tangible equity, excluding other comprehensive loss, to tangible assets	6.09	%	5.90	%	6.25	%
Tangible equity to risk-weighted assets	6.70	%	6.79	%	7.01	%

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First Midwest Bancorp, Inc. Press Release Dated October 22, 2008

Condensed Consolidated Statements of Condition

Unaudited	September 30,
(Amounts in thousands)	2008			2007
Assets
Cash and due from banks	$	126,073		$	182,495
Funds sold and other short-term investments		564			4,842
Trading account securities		15,252			17,431
Securities available-for-sale		2,024,881			1,869,590
Securities held to maturity, at amortized cost		85,982			92,913
Federal Home Loan Bank and Federal Reserve Bank stock, at cost		54,767			54,767
Loans		5,223,582			4,931,472
Reserve for loan losses		(69,811	)		(61,412	)
Net loans		5,153,771			4,870,060
Premises, furniture, and equipment		120,592			126,322
Investment in corporate owned life insurance		207,390			201,418
Goodwill and other intangible assets		285,643			289,341
Accrued interest receivable and other assets		171,740			175,166
Total assets	$	8,246,655		$	7,884,345
Liabilities and Stockholders’ Equity
Deposits	$	5,658,284		$	5,834,175
Borrowed funds		1,554,703			998,502
Subordinated debt		232,442			227,948
Accrued interest payable and other liabilities		82,317			95,792
Total liabilities		7,527,746			7,156,417
Common stock		613			613
Additional paid-in capital		207,503			206,951
Retained earnings		875,947			865,435
Accumulated other comprehensive (loss)		(51,807	)		(36,385	)
Treasury stock, at cost		(313,347	)		(308,686	)
Total stockholders’ equity		718,909			727,928
Total liabilities and stockholders’ equity	$	8,246,655		$	7,884,345

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First Midwest Bancorp, Inc. Press Release Dated October 22, 2008

Condensed Consolidated Statements of Income

Unaudited	Quarters Ended
(Amounts in thousands except per share data)	Sept. 30, 2008			June 30, 2008			Sept. 30, 2007
Interest Income
Loans	$	74,929		$	74,819		$	93,020
Securities		26,520			26,391			26,885
Other		37			103			185
Total interest income		101,486			101,313			120,090
Interest Expense
Deposits		25,574			28,036			41,949
Borrowed funds		9,451			9,249			13,680
Subordinated debt		3,703			3,702			3,764
Total interest expense		38,728			40,987			59,393
Net interest income		62,758			60,326			60,697
Provision for loan losses		13,029			5,780			470
Net interest income after provision for loan losses		49,729			54,546			60,227
Noninterest Income
Service charges on deposit accounts		11,974			11,385			11,959
Trust and investment management fees		3,818			3,945			3,934
Other service charges, commissions, and fees		4,834			4,456			5,601
Card-based fees		4,141			4,236			4,054
Subtotal, fee-based revenues		24,767			24,022			25,548
Corporate owned life insurance income		1,882			2,145			2,023
Security (losses) gains, net		(1,746	)		(4,618	)		(5,165	)
Other		(1,209	)		874			989
Total noninterest income		23,694			22,423			23,395
Noninterest Expense
Salaries and employee benefits		26,996			26,368			27,354
Net occupancy expense		5,732			5,528			5,686
Equipment expense		2,484			2,451			2,580
Technology and related costs		1,990			1,820			1,767
Other		11,234			13,778			12,594
Total noninterest expense		48,436			49,945			49,981
Income before taxes		24,987			27,024			33,641
Income tax expense		796			27			6,404
Net Income	$	24,191		$	26,997		$	27,237
Diluted Earnings Per Share	$	0.50		$	0.56		$	0.55
Dividends Declared Per Share	$	0.310		$	0.310		$	0.295
Weighted Average Diluted Shares Outstanding		48,556			48,576			49,447

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First Midwest Bancorp, Inc. Press Release Dated October 22, 2008

Unaudited	As Of								9/30/08 % Change From
(Dollar amounts in thousands)	9/30/08		% of total		6/30/08		3/31/08		6/30/08		3/31/08
Loan Portfolio Composition
Commercial, industrial, and agricultural	$	1,644,758	31.5	%	$	1,656,161	$	1,597,279	(2.8	)%	5.9	%
Commercial real estate:
Office, retail, and industrial		1,092,268	20.9	%		1,048,547		1,020,403	16.7	%	14.1	%
Residential land and development		509,974	9.8	%		510,818		515,052	(0.7	)%	(2.0	)%
Multifamily		204,029	3.9	%		195,815		188,474	16.8	%	16.5	%
Other commercial real estate		1,021,662	19.5	%		1,014,759		952,622	2.7	%	14.5	%
Total commercial real estate (1)		2,827,933	54.1	%		2,769,939		2,676,551	8.4	%	11.3	%
Consumer:
Home equity		468,703	9.0	%		460,581		459,068	7.1	%	4.2	%
Real estate 1-4 family		205,851	3.9	%		213,295		224,895	(14.0	)%	(16.9	)%
Other consumer		76,337	1.5	%		82,379		87,972	(29.3	)%	(26.5	)%
Total consumer		750,891	14.4	%		756,255		771,935	(2.8	)%	(5.5	)%
Total loans (2)	$	5,223,582	100.0	%	$	5,182,355	$	5,045,765	3.2	%	7.0	%
Commercial Real Estate Detail Office, Retail, and Industrial
Loans by product type:
Office	$	352,200	32.3	%	$	337,424	$	326,107	17.5	%	16.0	%
Retail		300,570	27.5	%		281,942		279,146	26.4	%	15.0	%
Industrial		439,498	40.2	%		429,181		414,684	9.6	%	12.0	%
Total office, retail, and industrial	$	1,092,268	100.0	%	$	1,048,547	$	1,020,403	16.7	%	14.1	%
Residential Land and Development
Loans by product type:
Structures	$	190,741	37.4	%	$	217,161	$	209,146	(48.7	)%	(17.6	)%
Land		319,233	62.6	%		293,657		305,906	34.8	%	8.7	%
Total residential land and development	$	509,974	100.0	%	$	510,818	$	515,052	(0.7	)%	(2.0	)%
Other Commercial Real Estate
Loans by product type:
Commercial land	$	263,030	25.7	%	$	285,411	$	260,502	(31.4	)%	1.9	%
1-5 family investors		178,540	17.5	%		168,259		169,768	24.4	%	10.3	%
Service stations and truck stops		134,677	13.2	%		120,670		117,592	46.4	%	29.1	%
Warehouses and storage		80,889	7.9	%		79,580		71,921	6.6	%	24.9	%
Hotels		67,217	6.6	%		67,574		59,199	(2.1	)%	27.1	%
Restaurants		44,872	4.4	%		47,313		48,147	(20.6	)%	(13.6	)%
Medical		42,253	4.1	%		43,347		42,912	(10.1	)%	(3.1	)%
Automobile dealers		38,866	3.8	%		37,562		30,934	13.9	%	51.3	%
Mobile home parks		29,670	2.9	%		25,217		23,481	70.6	%	52.7	%
Recreational		14,760	1.5	%		15,106		16,348	(9.2	)%	(19.4	)%
Religious		10,317	1.0	%		11,362		11,291	(36.8	)%	(17.3	)%
Other		116,571	11.4	%		113,358		100,527	11.3	%	31.9	%
Total other commercial real estate	$	1,021,622	100.0	%	$	1,014,759	$	952,622	2.7	%	14.5	%

⁽¹⁾ 24% of total commercial real estate loans are owner occupied as of September 30, 2008.

⁽²⁾ Substantially all loans that are over $1 million are to customers within our market as of September 30, 2008.

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First Midwest Bancorp, Inc. Press Release Dated October 22, 2008

Unaudited	As Of
(Dollar amounts in thousands)	9/30/08			% of Category		% of Total		6/30/08			3/31/08
Asset Quality
Nonaccrual loans:
Commercial, industrial, and agricultural	$	13,961		0.85	%	12.0	%	$	5,222		$	6,770
Office, retail, and industrial		1,195		0.11	%	1.0	%		1,125			730
Residential land and development		28,335		5.56	%	24.3	%		11,664			4,081
Multifamily		2,827		1.39	%	2.4	%		3,016			1,361
Other commercial real estate		1,845		0.18	%	1.6	%		885			255
Consumer		5,154		0.69	%	4.4	%		3,324			3,876
Total nonaccrual loans		53,317				45.7	%		25,236			17,073
Restructured loans		2,258				2.0	%		259			140
Total nonperforming loans		55,575				47.7	%		25,495			17,213
Other real estate owned		23,697				20.3	%		7,042			8,607
Total nonperforming assets	$	79,272				68.0	%	$	32,537		$	25,820
90 days past due loans (still accruing interest):
Commercial, industrial, and agricultural	$	5,757		0.35	%	5.0	%	$	4,530		$	3,926
Office, retail, and industrial		4,838		0.44	%	4.1	%		2,855			2,182
Residential land and development		17,615		3.45	%	15.1	%		16,696			17,438
Multifamily		1,216		0.60	%	1.1	%		2,071			2,332
Other commercial real estate		2,469		0.24	%	2.1	%		3,410			2,451
Consumer		5,421		0.72	%	4.6	%		7,948			5,150
Total 90 days past due loans		37,316				32.0	%		37,510			33,479
Total nonperforming assets plus 90 days past due loans	$	116,588				100.0	%	$	70,047		$	59,299
30-89 days past due loans	$	104,769						$	185,186		$	116,431
Asset Quality Ratios
Nonperforming loans to loans		1.06	%						0.49	%		0.34	%
Nonperforming assets to loans plus foreclosed real estate		1.51	%						0.63	%		0.51	%
Nonperforming assets plus loans past due 90 days to loans plus foreclosed real estate		2.22	%						1.35	%		1.17	%
Reserve for loan losses	$	69,811						$	66,104		$	64,780
Reserve for loan losses to loans		1.34	%						1.28	%		1.28	%
Reserve for loan losses to nonperforming loans		126	%						259	%		376	%
	Quarters Ended
(Dollar amounts in thousands)	9/30/08			% of Category		% of Total		6/30/08			3/31/08
Charge-off Data
Net loans charged-off:
Commercial, industrial, and agricultural	$	1,895		0.12	%	20.3	%	$	2,380		$	3,188
Office, retail, and industrial		2		0.00	%	0.00	%		31			—
Residential land and development		5,856		1.15	%	62.8	%		138			559
Multifamily		(40	)	(0.02	)%	(0.04	)%		830			842
Other commercial real estate		62		0.01	%	0.7	%		116			673
Consumer		1,547		0.21	%	16.6	%		961			818
Total net loans charged-off	$	9,322				100.0	%	$	4,456		$	6,080
Quarter-to-date net loan charge-offs to average loans (annualized)		0.71	%						0.35	%		0.49	%
Year-to-date net loan charge-offs to average loans (annualized)		0.52	%						0.42	%		0.49	%

11

EX-99.2

Exhibit 99.2

First Midwest Bancorp, Inc.

Selected Financial Information

(Amounts in thousands, except per share data)

	2008								2007										2006				2005
	Sept. 30/YTD		3rd Quarter		2nd Quarter		1st Quarter		Dec. 31/YTD		4th Quarter		3rd Quarter		2nd Quarter		1st Quarter		Dec. 31/YTD		4th Quarter		Dec. 31/YTD
Period-End Balance Sheet
Total assets	$	8,246,655	$	8,246,655	$	8,311,025	$	8,315,368	$	8,091,518	$	8,091,518	$	7,884,345	$	8,055,358	$	8,235,110	$	8,441,526	$	8,441,526	$	7,210,151
Securities HTM - amortized cost		85,982		85,982		94,580		95,651		97,671		97,671		92,913		104,152		103,697		91,380		91,380		56,772
Securities HTM - fair market value		86,193		86,193		94,829		96,013		97,931		97,931		93,151		104,317		103,951		91,602		91,602		56,791
Securities AFS - fair market value		2,024,881		2,024,881		2,106,461		2,100,602		2,080,046		2,080,046		1,869,590		2,128,683		2,241,608		2,387,788		2,387,788		2,233,120
FHLB and FRB Stock		54,767		54,767		54,767		54,767		54,767		54,767		54,767		54,767		54,767		54,886		54,886		53,510
Mortgages held for sale		—		—		—		—		394		394		1,408		5,665		3,674		4,760		4,760		4,301
Loans:
Commercial and industrial		1,485,541		1,485,541		1,448,723		1,396,665		1,347,481		1,347,481		1,378,509		1,402,282		1,395,876		1,413,263		1,413,263		1,161,660
Agricultural		159,217		159,217		207,438		200,614		181,358		181,358		158,015		156,594		175,554		158,305		158,305		131,689
Real estate - office, retail, and industrial		1,092,268		1,092,268		1,048,547		1,020,403		942,065		942,065		930,386		915,058		901,472		895,666		895,666		744,814
Real estate - residential land and development		509,974		509,974		510,818		515,052		505,194		505,194		468,635		454,901		450,818		451,186		451,186		319,842
Real estate - multifamily		204,029		204,029		195,815		188,474		178,602		178,602		181,077		205,821		267,754		278,009		278,009		311,340
Real estate - other commercial		1,021,662		1,021,662		1,014,759		952,622		1,024,490		1,024,490		1,038,364		978,424		973,730		945,275		945,275		766,299
Real estate - 1-4 family		205,851		205,851		213,295		224,895		220,741		220,741		200,694		206,506		211,489		215,464		215,464		143,286
Direct consumer		529,325		529,325		522,913		521,125		530,641		530,641		533,885		538,662		552,809		573,128		573,128		570,042
Indirect consumer		15,715		15,715		20,047		25,915		33,100		33,100		41,907		51,610		64,118		78,648		78,648		157,219
Total loans		5,223,582		5,223,582		5,182,355		5,045,765		4,963,672		4,963,672		4,931,472		4,909,858		4,993,620		5,008,944		5,008,944		4,306,191
Other Assets:
Other earning assets		15,816		15,816		18,060		19,113		19,397		19,397		20,865		20,734		17,868		5,081		5,081		1,607
Total earning assets		7,405,028		7,405,028		7,456,223		7,315,898		7,215,947		7,215,947		6,971,015		7,223,859		7,415,234		7,552,839		7,552,839		6,655,501
Corporate owned life insurance		207,390		207,390		206,132		203,987		203,535		203,535		201,418		199,396		197,421		196,598		196,598		156,441
Goodwill and other intangibles		285,643		285,643		286,737		287,141		288,235		288,235		289,341		290,447		291,552		292,658		292,658		95,997
Deposits:
Demand deposits		1,056,905		1,056,905		1,077,659		1,060,545		1,064,684		1,064,684		1,082,068		1,070,528		1,073,065		1,124,081		1,124,081		976,557
Interest bearing deposits		4,601,379		4,601,379		4,707,504		4,661,017		4,714,177		4,714,177		4,752,107		4,744,216		4,834,377		5,043,135		5,043,135		4,171,275
Total deposits		5,658,284		5,658,284		5,785,163		5,721,562		5,778,861		5,778,861		5,834,175		5,814,744		5,907,442		6,167,216		6,167,216		5,147,832
Fed funds purchased and repurchase agreements		928,966		928,966		676,571		569,662		665,164		665,164		514,438		573,064		598,035		612,608		612,608		746,057
Other borrowed funds		625,737		625,737		813,337		844,064		599,064		599,064		484,064		599,126		639,621		569,660		569,660		548,475
Subordinated debt		232,442		232,442		232,476		232,509		230,082		230,082		227,948		226,118		228,274		228,674		228,674		130,092
Stockholders’ equity		718,909		718,909		724,034		737,927		723,975		723,975		727,928		741,060		753,988		751,014		751,014		544,068
Stockholders’ equity, excluding OCI	$	770,716	$	770,716	$	759,983	$	747,260	$	735,702	$	735,702	$	764,313	$	776,208	$	770,326	$	766,302	$	766,302	$	552,352
Average Balance Sheet
Total assets	$	8,178,402	$	8,275,818	$	8,187,594	$	8,070,724	$	8,091,333	$	7,920,731	$	7,991,143	$	8,151,473	$	8,307,340	$	8,255,764	$	8,502,699	$	7,042,670
Securities - HTM taxable		7,701		7,647		7,701		7,756		9,450		8,170		9,306		9,797		10,555		9,848		9,588		10,644
Securities - HTM tax-exempt		86,945		82,213		90,682		87,991		88,099		81,814		88,407		97,716		84,485		91,046		86,951		52,611
Securities - AFS taxable		1,162,989		1,192,899		1,162,348		1,133,390		1,268,389		1,140,075		1,255,618		1,317,102		1,363,295		1,456,220		1,431,859		1,535,395
Securities - AFS tax-exempt		943,486		931,565		943,278		955,745		906,905		915,398		864,559		896,428		952,104		998,727		1,021,820		643,422
FHLB and FRB Stock		54,767		54,767		54,767		54,767		54,774		54,767		54,767		54,767		54,852		59,056		61,258		52,578
Total loans		5,107,538		5,205,188		5,097,586		5,018,767		4,943,479		4,921,210		4,895,800		4,944,483		5,013,967		4,869,360		5,046,665		4,214,750
Other earning assets		27,613		24,868		37,327		20,676		30,507		26,955		29,798		33,590		31,741		10,892		10,459		7,917
Total earning assets		7,391,039		7,499,147		7,393,689		7,279,092		7,301,603		7,148,389		7,198,255		7,353,883		7,510,999		7,495,149		7,668,600		6,517,317
Deposits:
Demand deposits		1,044,098		1,053,530		1,053,339		1,025,320		1,055,251		1,050,954		1,051,292		1,061,987		1,056,880		1,052,413		1,086,979		931,711
Savings deposits		807,452		784,646		823,196		814,764		754,009		788,526		774,133		746,702		705,543		653,321		679,681		615,324
NOW accounts		939,387		983,364		953,808		880,505		900,956		885,966		941,488		905,683		870,064		924,539		936,793		893,706
Money market deposits		803,858		770,967		818,815		822,154		859,864		854,409		864,001		858,639		862,452		867,775		882,627		672,411
Core transactional deposits		3,594,795		3,592,507		3,649,158		3,542,743		3,570,080		3,579,855		3,630,914		3,573,011		3,494,939		3,498,048		3,586,080		3,113,152
Time deposits > $100,000		823,993		839,495		830,166		802,149		827,907		810,802		822,079		844,232		834,844		746,036		854,693		604,270
Time deposits < $100,000		1,344,951		1,330,535		1,331,445		1,373,034		1,491,995		1,429,534		1,386,797		1,491,777		1,663,599		1,683,866		1,713,424		1,361,440
Total time deposits		2,168,944		2,170,030		2,161,611		2,175,183		2,319,902		2,240,336		2,208,876		2,336,009		2,498,443		2,429,902		2,568,117		1,965,710
Total deposits		5,763,739		5,762,537		5,810,769		5,717,926		5,889,982		5,820,191		5,839,790		5,909,020		5,993,382		5,927,950		6,154,197		5,078,862
FFP, repos, other borrowed funds		1,372,048		1,476,403		1,331,195		1,307,398		1,131,700		1,046,041		1,093,068		1,162,315		1,227,797		1,339,826		1,265,370		1,235,205
Subordinated debt		231,805		232,458		232,492		230,458		227,756		227,973		226,180		228,229		228,667		206,449		228,746		130,377
Total funding sources		7,367,592		7,471,398		7,374,456		7,255,782		7,249,438		7,094,205		7,159,038		7,299,564		7,449,846		7,474,225		7,648,313		6,444,444
Stockholders’ equity		737,527		735,022		745,128		732,458		750,111		738,664		741,820		760,010		760,277		695,020		762,535		538,515

First Midwest Bancorp, Inc.

Selected Financial Information

(Amounts in thousands, except per share data)

	2008												2007															2006						2005
	Sept. 30/YTD			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			4th Quarter			Dec. 31/YTD
Income Statement
Interest income	$	311,274		$	101,486		$	101,313		$	108,475		$	476,961		$	114,611		$	120,090		$	120,671		$	121,589		$	476,409		$	125,397		$	366,700
Interest expense		129,690			38,728			40,987			49,975			236,832			56,513			59,393			59,707			61,219			224,550			62,634			130,850
Net interest income		181,584			62,758			60,326			58,500			240,129			58,098			60,697			60,964			60,370			251,859			62,763			235,850
Loan loss provision		27,869			13,029			5,780			9,060			7,233			2,042			470			1,761			2,960			10,229			3,865			8,930
Service charges on deposit accounts		33,781			11,974			11,385			10,422			45,015			11,986			11,959			11,483			9,587			40,036			10,594			30,199
Trust and investment management fees		11,710			3,818			3,945			3,947			15,701			4,061			3,934			3,916			3,790			14,269			3,666			12,593
Other service charges, commissions, and fees		14,292			4,834			4,456			5,002			22,183			5,324			5,601			6,099			5,159			20,135			5,362			17,572
Card-based fees		12,275			4,141			4,236			3,898			15,925			3,979			4,054			4,181			3,711			13,777			3,712			10,207
Subtotal, total fee-based revenue		72,058			24,767			24,022			23,269			98,824			25,350			25,548			25,679			22,247			88,217			23,334			70,571
Corporate owned life insurance income		6,489			1,882			2,145			2,462			8,033			2,117			2,023			1,982			1,911			7,616			1,966			5,163
Security (losses) gains, net		(1,396	)		(1,746	)		(4,618	)		4,968			(50,801	)		(50,041	)		(5,165	)		961			3,444			4,269			3,371			(3,315	)
Other income		(1,015	)		(1,209	)		874			(680	)		4,197			109			989			2,001			1,098			3,181			982			2,193
Total noninterest income		76,136			23,694			22,423			30,019			60,253			(22,465	)		23,395			30,623			28,700			103,283			29,653			74,612
Salaries and employee benefits		79,554			26,996			26,368			26,190			111,598			27,686			27,354			29,008			27,550			106,201			26,507			95,179
Occupancy and equipment expense		24,913			8,216			7,979			8,718			32,594			8,224			8,266			7,976			8,128			30,380			7,747			25,173
Other real estate expense, net		2,120			637			1,165			318			972			533			397			71			(29	)		843			96			931
Other intangibles amortization		3,283			1,094			1,095			1,094			4,423			1,106			1,106			1,105			1,106			4,039			1,148			2,130
Acquisition and restructure charges		—			—			—			—			36			—			—			—			36			1,753			—			—
Other expenses		37,854			11,493			13,338			13,023			49,514			12,715			12,858			12,577			11,364			49,399			12,297			42,290
Total noninterest expense		147,724			48,436			49,945			49,343			199,137			50,264			49,981			50,737			48,155			192,615			47,795			165,703
Pre-tax earnings		82,127			24,987			27,024			30,116			94,012			(16,673	)		33,641			39,089			37,955			152,298			40,756			135,829
Income taxes		5,901			796			27			5,078			13,853			(11,255	)		6,404			9,778			8,926			35,052			9,228			34,452
Net income	$	76,226		$	24,191		$	26,997		$	25,038		$	80,159		$	(5,418	)	$	27,237		$	29,311		$	29,029		$	117,246		$	31,528		$	101,377
Basic earnings per share	$	1.57		$	0.50		$	0.56		$	0.52		$	1.63		$	(0.11	)	$	0.55		$	0.59		$	0.58		$	2.39		$	0.63		$	2.22
Diluted earnings per share	$	1.57		$	0.50		$	0.56		$	0.52		$	1.62		$	(0.11	)	$	0.55		$	0.59		$	0.58		$	2.37		$	0.63		$	2.21
Weighted average shares outstanding		48,454			48,470			48,459			48,433			49,295			48,525			49,134			49,617			49,921			49,102			49,991			45,567
Weighted average diluted shares outstanding		48,573			48,556			48,576			48,589			49,622			48,754			49,447			49,984			50,322			49,469			50,392			45,893
Tax equivalent adjustment (1)	$	16,729		$	5,572		$	5,603		$	5,554		$	20,906		$	5,236		$	4,988		$	5,252		$	5,430		$	23,551		$	5,882		$	16,080
Net interest income (FTE) (1)	$	198,313		$	68,330		$	65,929		$	64,054		$	261,035		$	63,334		$	65,685		$	66,216		$	65,800		$	275,410		$	68,645		$	251,930
Stock and related per share data:
Book value	$	14.80		$	14.80		$	14.90		$	15.20		$	14.94		$	14.94		$	14.94		$	14.97		$	15.16		$	15.01		$	15.01		$	11.99
Tangible book value		8.92			8.92			9.00			9.28			8.99			8.99			9.00			9.10			9.30			9.16			9.16			9.87
Dividends declared per share		0.930			0.310			0.310			0.310			1.195			0.310			0.295			0.295			0.295			1.120			0.295			1.015
Market price - period high		40.09			40.09			29.36			31.98			39.31			36.50			36.62			38.17			39.31			39.52			39.52			39.25
Market price - period low		13.56			13.56			18.65			24.38			29.67			29.67			31.87			34.82			36.00			32.62			36.62			31.25
Closing price at period end	$	24.24		$	24.24		$	18.65		$	27.77		$	30.60		$	30.60		$	34.16		$	35.51		$	36.75		$	38.68		$	38.68		$	35.06
Closing price to book value		1.6			1.6			1.3			1.8			2.0			2.0			2.3			2.4			2.4			2.6			2.6			2.9
Period end shares outstanding		48,590			48,590			48,584			48,561			48,453			48,453			48,735			49,494			49,747			50,025			50,025			45,387
Period end treasury shares		12,736			12,736			12,742			12,765			12,873			12,873			12,591			11,832			11,579			11,301			11,301			11,540
Number of shares repurchased		5			—			1			4			1,767			297			792			338			340			23			1			857
Common dividends	$	45,251		$	15,088		$	15,084		$	15,079		$	58,765		$	15,045		$	14,400		$	14,622		$	14,698		$	56,033		$	14,779		$	46,238
Other Key Ratios/Data:
Return on average equity (2)		13.81	%		13.09	%		14.57	%		13.75	%		10.69	%		-2.91	%		14.57	%		15.47	%		15.48	%		16.87	%		16.40	%		18.83	%
Return on average assets (2)		1.24	%		1.16	%		1.33	%		1.25	%		0.99	%		-0.27	%		1.35	%		1.44	%		1.42	%		1.42	%		1.47	%		1.44	%
Net interest margin (1)		3.58	%		3.63	%		3.58	%		3.53	%		3.58	%		3.53	%		3.63	%		3.61	%		3.53	%		3.67	%		3.57	%		3.87	%
Yield on average earning assets (1)		5.92	%		5.69	%		5.81	%		6.29	%		6.82	%		6.67	%		6.91	%		6.86	%		6.83	%		6.67	%		6.81	%		5.87	%
Cost of funds		2.74	%		2.40	%		2.61	%		3.23	%		3.82	%		3.71	%		3.86	%		3.84	%		3.88	%		3.50	%		3.79	%		2.37	%
Efficiency ratio (1)		51.97	%		50.30	%		51.67	%		54.02	%		52.50	%		53.87	%		51.87	%		52.13	%		52.19	%		50.53	%		49.56	%		49.44	%
Net noninterest expense ratio (2)		1.15	%		1.11	%		1.13	%		1.21	%		1.09	%		1.14	%		1.06	%		1.04	%		1.12	%		1.13	%		1.00	%		1.25	%
Effective income tax rate		7.2	%		3.2	%		0.1	%		16.9	%		14.7	%		67.5	%		19.0	%		25.0	%		23.5	%		23.0	%		22.6	%		25.4	%
Full time equivalent employees - end of period		1,792			1,792			1,828			1,833			1,856			1,856			1,866			1,885			1,908			1,892			1,892			1,635
Number of bank offices		98			98			98			99			99			99			100			100			100			99			99			68

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

First Midwest Bancorp, Inc.

Selected Financial Information

(Amounts in thousands, except per share data)

	2008												2007															2006						2005
	Sept. 30/YTD			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			4th Quarter			3rd Quarter			2nd Quarter			1st Quarter			Dec. 31/YTD			4th Quarter			Dec. 31/YTD
Parent Company Data:
Parent investment in subsidiaries - end of period	$	910,987		$	910,987		$	897,482		$	893,182		$	861,841		$	861,841		$	870,126		$	873,854		$	891,359		$	887,908		$	887,908		$	604,112
Risk-Based Capital Data:
Tier 1 capital	$	610,048		$	610,048		$	598,238		$	585,181		$	572,553		$	572,553		$	600,083		$	610,872		$	603,885		$	598,755		$	598,755		$	581,393
Tier 2 capital		169,727			169,727			166,018			164,690			161,708			161,708			161,317			162,293			162,299			162,266			162,266			56,393
Total capital		779,775			779,775			764,256			749,871			734,261			734,261			761,400			773,165			766,184			761,021			761,021			637,786
Risk-adjusted assets	$	6,476,260		$	6,476,260		$	6,436,784		$	6,448,210		$	6,340,614		$	6,340,614		$	6,256,930		$	6,190,247		$	6,192,407		$	6,259,983		$	6,259,983		$	5,424,063
Tier 1 capital / risk-based assets		9.42	%		9.42	%		9.29	%		9.08	%		9.03	%		9.03	%		9.59	%		9.87	%		9.75	%		9.56	%		9.56	%		10.72	%
Total capital / risk-based assets		12.04	%		12.04	%		11.87	%		11.63	%		11.58	%		11.58	%		12.17	%		12.49	%		12.37	%		12.16	%		12.16	%		11.76	%
Leverage ratio		7.59	%		7.59	%		7.56	%		7.51	%		7.46	%		7.46	%		7.75	%		7.75	%		7.52	%		7.29	%		7.29	%		8.16	%
Tangible capital ratio		5.44	%		5.44	%		5.45	%		5.62	%		5.58	%		5.58	%		5.77	%		5.80	%		5.82	%		5.62	%		5.62	%		6.30	%
Tangible capital ratio, excluding OCI		6.09	%		6.09	%		5.90	%		5.73	%		5.73	%		5.73	%		6.25	%		6.26	%		6.03	%		5.81	%		5.81	%		6.41	%
Tangible equity / risk-based assets		6.69	%		6.69	%		6.79	%		6.99	%		6.87	%		6.87	%		7.01	%		7.28	%		7.47	%		7.32	%		7.32	%		8.26	%
Loan Performance Data:
Nonaccrual loans:
Commercial	$	13,961		$	13,961		$	5,222		$	6,770		$	9,477		$	9,477		$	7,440		$	8,815		$	9,318		$	8,803		$	8,803		$	9,092
Real estate - residential land and development		28,335			28,335			11,664			4,081			107			107			540			540			540			720			720			—
Real estate - multifamily		2,827			2,827			3,016			1,361			3,480			3,480			287			294			1,774			1,918			1,918			—
Real estate - other commercial		3,040			3,040			2,010			985			2,004			2,004			1,936			2,101			2,172			1,263			1,263			930
Real estate - 1-4 family		795			795			671			909			583			583			480			717			1,405			1,413			1,413			548
Direct consumer		4,258			4,258			2,537			2,872			2,666			2,666			1,972			2,324			2,197			1,920			1,920			1,244
Indirect consumer		101			101			116			95			130			130			116			136			176			172			172			176
Total nonaccrual loans		53,317			53,317			25,236			17,073			18,447			18,447			12,771			14,927			17,582			16,209			16,209			11,990
Renegotiated / restructured loans		2,258			2,258			259			140			280			280			—			—			—			—			—			—
Nonperforming loans		55,575			55,575			25,495			17,213			18,727			18,727			12,771			14,927			17,582			16,209			16,209			11,990
Foreclosed real estate		23,697			23,697			7,042			8,607			6,053			6,053			4,032			3,683			3,195			2,727			2,727			2,878
Nonperforming assets		79,272			79,272			32,537			25,820			24,780			24,780			16,803			18,610			20,777			18,936			18,936			14,868
Loans past due 90 days + and still accruing		37,316			37,316			37,510			33,479			21,149			21,149			21,421			19,633			15,603			12,810			12,810			8,958
Reserve for loan losses (RLL):
RLL	$	69,811		$	69,811		$	66,104		$	64,780		$	61,800		$	61,800		$	61,412		$	62,391		$	62,400		$	62,370		$	62,370		$	56,393
Loan loss provision		27,869			13,029			5,780			9,060			7,233			2,042			470			1,761			2,960			10,229			3,865			8,930
Net charge-offs by category:
Commercial		7,463			1,895			2,380			3,188			4,935			544			1,130			1,252			2,009			5,783			2,800			4,193
Real estate - residential land and development		6,553			5,856			138			559			231			17			—			18			196			—			—			—
Real estate - multifamily		1,632			(40	)		830			842			490			372			—			119			(1	)		1,050			(18	)		—
Real estate - other commercial		884			64			147			673			(34	)		(21	)		5			(78	)		60			344			296			1,167
Real estate - 1-4 family		519			239			104			176			145			—			9			10			126			138			9			96
Consumer		2,807			1,308			857			642			2,036			742			305			449			540			2,872			778			3,799
Total net charge-offs		19,858			9,322			4,456			6,080			7,803			1,654			1,449			1,770			2,930			10,187			3,865			9,255
NPA ratios:
Nonperforming loans / loans		1.06	%		1.06	%		0.49	%		0.34	%		0.38	%		0.38	%		0.26	%		0.30	%		0.35	%		0.32	%		0.32	%		0.28	%
Nonperforming assets / loans + foreclosed real estate		1.51	%		1.51	%		0.63	%		0.51	%		0.50	%		0.50	%		0.34	%		0.38	%		0.42	%		0.38	%		0.38	%		0.35	%
Nonperforming assets + loans past due 90 days / loans + foreclosed real estate		2.22	%		2.22	%		1.35	%		1.17	%		0.92	%		0.92	%		0.77	%		0.78	%		0.73	%		0.63	%		0.63	%		0.55	%
Nonperforming assets / total assets		0.96	%		0.96	%		0.39	%		0.31	%		0.31	%		0.31	%		0.21	%		0.23	%		0.25	%		0.22	%		0.22	%		0.21	%
Loan loss ratios:
RLL / loans		1.34	%		1.34	%		1.28	%		1.28	%		1.25	%		1.25	%		1.25	%		1.27	%		1.25	%		1.25	%		1.25	%		1.31	%
RLL / nonperforming loans		125.62	%		125.62	%		259.28	%		376.34	%		330.00	%		330.00	%		480.87	%		417.97	%		354.91	%		384.79	%		384.79	%		470.33	%
Net charge-offs to average net loans		0.52	%		0.71	%		0.35	%		0.49	%		0.16	%		0.13	%		0.12	%		0.14	%		0.24	%		0.21	%		0.30	%		0.22	%

Footnotes:

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

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

Source of Information:

The information and statistical data contained herein have been prepared by First Midwest Bancorp, Inc. and have been derived or calculated from selected quarterly and period-end historical financial statements prepared in accordance with accounting principles generally accepted in the United States. The balance sheet and income statement information contained herein as of each year end, and for the years then ended, are derived from financial statements and footnote information audited by Ernst & Young LLP, First Midwest’s independent external auditors. The quarterly balance sheet and income statement information contained herein is derived from quarterly financial statements and footnote information upon which Ernst & Young LLP has rendered a Quarterly Review Report.

First Midwest Bancorp, Inc. is under no obligation to update, keep current or continue to provide the information contained herein. This information is provided solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or establish any business relationships with First Midwest Bancorp, Inc. or any of its subsidiaries.