Exhibit 99.1

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

FOR IMMEDIATE RELEASE	CONTACT:	Paul F. Clemens
		Chief Financial Officer
		(630) 875-7347

TRADED:	NASDAQ Global Select Market	www.firstmidwest.com
SYMBOL:	FMBI

FIRST MIDWEST BANCORP, INC. ANNOUNCES

FIRST QUARTER 2009 EARNINGS PER SHARE OF $0.07, UP FROM ($0.57) LOSS PER

SHARE FOR FOURTH QUARTER 2008

Stable Core Operations – Improved Capital Ratios – Higher Loan Loss Reserves

First Quarter 2009 Operating Performance

• After tax earnings of $3.2 million and diluted EPS of $0.07, as compared to diluted LPS of ($0.57) for fourth quarter 2008 and EPS of $0.51 for first quarter 2008.

• Pre-tax earnings, excluding provision expense and net securities gains, improved 6.3% from first quarter 2008.

• Net interest margin of 3.67% up 14 basis points versus 3.53% for first quarter 2008 and down 4 basis points from 3.71% for fourth quarter 2008.

• Efficiency ratio improved to 52.3% compared to 54.0% for first quarter 2008 and 59.1% for fourth quarter 2008.

Capital, Credit, and Other

• Tangible common equity and Tier 1 regulatory capital ratios of 5.36% and 11.85%, respectively, increased from year-end 2008.

• Loan loss reserves increased to 2.15% of total loans as compared to 1.75% at December 31, 2008, with first quarter 2009 provision exceeding charge offs by $22 million.

• Non-performing loans, including loans past due 90 days, increased to 4.80% of total loans compared to 3.21% at December 31, 2008.

• Net securities gains realized of $8.2 million; tax benefits recognized of $4.0 million.

ITASCA, IL, APRIL 22, 2009 – 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 first quarter 2009. Net income available to common shareholders was $3.2 million for first quarter 2009, or $0.07 per share, compared to a net loss of $27.6

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million, or ($0.57) per share, for fourth quarter 2008 and net income of $25.0 million, or $0.51 per share, for first quarter 2008. Return on average assets was 0.15% for first quarter 2009 as compared to (1.31%) and 1.25% for fourth quarter and first quarter 2008, respectively. Return on average common equity was 1.78% for first quarter 2009 as compared to (13.92%) and 13.75% for fourth quarter and first quarter 2008, respectively.

In announcing these results, Michael L. Scudder, the Company’s President and Chief Executive Officer said, “Our first quarter operating results reflect both the impact of current economic conditions on our credit costs as well as the implementation of planned initiatives designed to respond to those conditions. Operating performance for the quarter, excluding credit costs, was up from a year ago as we profited from stronger interest margins, the stability of our core funding base, targeted loan growth and lower operating expenses. During the quarter, we made the difficult decision to reduce our dividend and took advantage of improvement in the debt security markets to reduce the size of our securities portfolio. In combination, these actions helped further our objective of enhancing our tangible capital position as well as improve our overall liquidity.”

Mr. Scudder further commented, “Non-performing asset levels are elevated from year-end as we work through a longer and more challenging remediation cycle for real estate and construction-related credits. Recognizing this, and reflective of current conditions, we have increased our level of loan loss provisioning, bringing our level of reserves to 2.15% of total loans, 1.7 times the level existent a year ago.

“Our solid capital base and ability to generate strong core earnings continue to serve as an advantage as we navigate the difficulties of the current credit cycle. This advantage enables First Midwest to continue to meet the financial needs of our customers and communities and leaves us and our shareholders better positioned to benefit as conditions improve.”

Operating Performance

The Company recorded a loss before taxes of $3.8 million for first quarter 2009, as compared to income of $30.1 million for first quarter 2008, with the difference largely due to higher provision for loan losses. Provision for loan losses for first quarter 2009 was $48.4 million as contrasted to $9.1 million for first quarter 2008. Excluding the provision for loan losses and net securities gains from each period, income before taxes was $36.4 million for first quarter 2009 and $34.2 million for first quarter 2008.

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Total loans as of March 31, 2009 were $5.39 billion, up 2.0% annualized compared to fourth quarter 2008, with the increase reflecting net growth in commercial and industrial loans as well as commercial real estate lending offset by a decline in outstanding loans for residential land and development. Total average deposits for first quarter 2009 were $5.51 billion, compared to $5.64 billion for fourth quarter 2008, a 1.76% decline largely reflective of normal seasonality.

Tax equivalent net interest margin was 3.67% for first quarter 2009, down 4 basis points from fourth quarter 2008 and up 14 basis points from first quarter 2008. Over the past 4 quarters, the yield on average earning assets declined 117 basis points while the cost of funds declined 150 basis points.

Fee-based revenues were $20.1 million for first quarter 2009, a decline of approximately $3.0 million, compared to both fourth quarter and first quarter 2008. This decrease largely stems from reduced consumer spending and the impact on overdraft fees as well as card-based fees. Further, trust and investment advisory fees declined 16% as compared to first quarter 2008, resulting from the adverse impact of lower asset values on revenues.

In comparison to first quarter 2008, bank-owned life insurance income declined $1.9 million for first quarter 2009. In the current environment, management elected to accept lower market returns in order to reduce its risk to market volatility through investment in shorter-duration, lower yielding money market instruments.

For first quarter 2009, noninterest expense declined by $0.9 million, or 1.9%, compared to first quarter 2008, largely due to a decline in salaries and benefits expense of $2.9 million and reflective of a 4% decline in full time equivalent employees. This reduction substantially offset a $2.1 million increase in FDIC insurance premiums and a $1.4 million increase in legal and operating costs associated with credit remediation and foreclosed real estate. Overall, the efficiency ratio improved to 52.3% for first quarter 2009, compared to 59.1% for fourth quarter 2008 and 54.0% for first quarter 2008.

Credit Remediation

Non-performing loans as of March 31, 2009 were $258.5 million compared to $172.1 million at December 31, 2008, with residential land and development loans comprising 50% of the March 31, 2009 total. Non-accrual loans at March 31, 2009 totaled $183.5 million compared to $127.8 million at December 31, 2008, while loans 90 days past due and still accruing totaled $73.9 million, up from $37.0 million at December 31, 2008. Restructured loans totaled $1.1 million at March 31, 2009, a decline of $6.3 million from December 31, 2008.

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As of March 31, 2009, loans 30-89 days past due totaled $54.3 million, a decline of $61.9 million from December 31, 2008. The decline reflects the benefits derived from expanded resources focused on the early remediation of potential problem loans as well as the migration of certain loans to other problem categories.

Foreclosed real estate was $39.0 million as of March 31, 2009 as compared to $24.4 million as of December 31, 2008. All properties are recorded at current appraised values, less estimated selling costs.

As of March 31, 2009, the Company increased its reserve for loan losses to $116.0 million, up $22.1 million from December 31, 2008 and $51.2 million from March 31, 2008. The reserve for loan losses represented 2.15% of total loans outstanding at March 31, 2009, compared to 1.75% at December 31, 2008 and 1.28% at March 31, 2008. Net charge offs totaled $26.3 million during first quarter 2009, compared to $18.3 million in fourth quarter 2008 and $6.1 million in first quarter 2008. The provision for loan losses for first quarter 2009 was $48.4 million, compared to $42.4 million and $9.1 million for fourth quarter 2008 and first quarter 2008, respectively.

Securities Portfolio

Net securities gains were $8.2 million for first quarter 2009, compared to a net securities loss of $34.2 million for fourth quarter 2008 and a net securities gain of $5.0 million for first quarter 2008. During first quarter 2009, the Company took advantage of opportunities in the market to sell $323.5 million of mortgage-backed and municipal securities for a gain of $11.1 million. This was partially offset by impairment charges totaling $2.9 million associated with two trust-preferred collateralized debt obligations (“CDOs”). Management elected early adoption of Financial Accounting Standards Board (“FASB”) Staff Position (“FSP”) FAS 115-2 and FAS 124-2, Recognition and Presentation of Other-Than-Temporary Impairments. As a consequence, estimated credit losses were recognized on these two CDOs during the quarter, and a cumulative adjustment of $11.3 million was recorded to retained earnings, representing the estimated liquidity components of previously recorded other-than-temporary impairments associated with its CDOs.

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Income Taxes

In first quarter 2009, the Company increased the amount of benefit recognized with respect to certain previously identified uncertain tax positions under FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes, an interpretation of FASB Statement No. 109, Accounting for Income Taxes (“FIN 48”) as a result of certain developments in pending tax audits. The increase in recognized tax benefit resulted in a $4.0 million reduction in income tax expense in first quarter 2009.

Capital Management

Regulatory and tangible common equity ratios were improved in comparison to December 31, 2008, with such improvement driven by retention of earnings and a decline in total assets, with the decline primarily due to a reduction in the size of the investment securities portfolio. All regulatory mandated ratios for characterization as “well capitalized” were significantly exceeded as of March 31, 2009:

	March 31, 2009		December 31, 2008		Minimum “Well- Capitalized” Level		Excess Over Required Minimums at March 31, 2009
							(Amounts in millions)
Regulatory capital ratios:
Tier 1 Risk Based	11.85	%	11.60	%	6.00	%	98	%	$	386
Total Risk Based Capital	14.62	%	14.36	%	10.00	%	46	%	$	305
Tier 1 Leverage Capital	9.60	%	9.41	%	5.00	%	92	%	$	375
Regulatory capital ratios, excluding preferred equity:
Tier 1 Risk Based	8.93	%	8.68	%	6.00	%	49	%	$	193
Total Risk Based Capital	11.70	%	11.44	%	10.00	%	17	%	$	112
Tier 1 Leverage Capital	7.23	%	7.04	%	5.00	%	45	%	$	182
Tangible common equity ratios:
Tangible Common Equity	5.36	%	5.23	%	N/A		N/A			N/A
Tangible Common Equity, excluding OCI	5.83	%	5.45	%	N/A		N/A			N/A

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On March 16, 2009, the Company announced, in an effort to build capital during this period of economic uncertainty, a reduction in its quarterly common stock dividend from $0.225 per share to $0.010 per share. This dividend action will enable the retention of approximately $42 million in capital over the course of a year.

The Board of Directors reviews the Company’s capital plan each quarter, giving cognizance to the current and expected operating environment as well as an evaluation of various capital alternatives. Consistent with its dividend history, First Midwest would look to return to a more normalized dividend level as circumstances permit.

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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 some 100 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, 2008 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, April 22, 2009 at 10:00 a.m. (ET). Members of the public who would like to listen to the conference call should dial 1-866-713-8395 (U.S. domestic) or 1-617-597-5309 (international) and enter passcode number 697 31 099. 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 website, 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 website or by dialing 1-888-286-8010 (U.S. domestic) or 1-617-801-6888 (international) passcode number 172 71 558, beginning approximately one hour after the event through 11:59 pm (ET) on April 29, 2009. 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 April 22, 2009

Operating Highlights
Unaudited	Quarters Ended
(Amounts in thousands except per share data)	March 31, 2009			December 31, 2008			March 31, 2008
Net income (loss)	$	5,727		$	(26,890	)	$	25,038
Net income (loss) applicable to common shares		3,155			(27,568	)		24,979
Diluted earnings per share	$	0.07		$	(0.57	)	$	0.51
Return on average equity		1.78	%		(13.92	)%		13.75	%
Return on average assets		0.15	%		(1.31	)%		1.25	%
Net interest margin		3.67	%		3.71	%		3.53	%
Efficiency ratio		52.33	%		59.06	%		54.02	%
Balance Sheet Highlights
Unaudited	As Of
(Dollar amounts in thousands except per share data)	March 31, 2009			December 31, 2008			March 31, 2008
Total assets	$	8,252,576		$	8,528,341		$	8,315,368
Total loans		5,387,128			5,360,063			5,045,765
Total deposits		5,508,382			5,585,754			5,721,562
Total stockholders’ equity		903,612			908,279			737,927
Common stockholders’ equity		710,612			715,949			737,927
Book value per common share	$	14.61		$	14.72		$	15.20
Period end common shares outstanding		48,628			48,630			48,561
Capital Ratios
Unaudited	As Of
	March 31, 2009			December 31, 2008			March 31, 2008
Regulatory capital ratios:
Total capital to risk-weighted assets		14.62	%		14.36	%		11.63	%
Tier 1 capital to risk-weighted assets		11.85	%		11.60	%		9.08	%
Tier 1 leverage to average assets		9.60	%		9.41	%		7.51	%
Regulatory capital ratios, excluding preferred equity:
Total capital to risk-weighted assets		11.70	%		11.44	%		11.63	%
Tier 1 capital to risk-weighted assets		8.93	%		8.68	%		9.08	%
Tier 1 leverage to average assets		7.23	%		7.04	%		7.51	%
Tangible common equity ratios:
Tangible common equity to tangible assets		5.36	%		5.23	%		5.62	%
Tangible common equity, excluding other comprehensive loss, to tangible assets		5.83	%		5.45	%		5.73	%

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First Midwest Bancorp, Inc. Press Release Dated April 22, 2009

Condensed Consolidated Statements of Condition

Unaudited	March 31,
(Amounts in thousands)	2009			2008
Assets
Cash and due from banks	$	103,586		$	171,037
Funds sold and other short-term investments		3,741			1,808
Trading account securities		10,885			17,305
Securities available-for-sale		1,901,919			2,100,602
Securities held to maturity, at amortized cost		81,566			95,651
Federal Home Loan Bank and Federal Reserve Bank stock, at cost		54,768			54,767
Loans		5,387,128			5,045,765
Reserve for loan losses		(116,001	)		(64,780	)
Net loans		5,271,127			4,980,985
Foreclosed real estate		38,984			8,607
Premises, furniture, and equipment		117,880			123,257
Investment in bank owned life insurance		199,070			203,987
Goodwill and other intangible assets		283,570			287,141
Accrued interest receivable and other assets		185,480			270,221
Total assets	$	8,252,576		$	8,315,368
Liabilities and Stockholders’ Equity
Deposits
Transactional deposits	$	3,522,289		$	3,562,499
Time deposits		1,943,076			2,131,759
Brokered deposits		43,017			27,304
Total deposits		5,508,382			5,721,562
Borrowed funds		1,535,752			1,413,726
Subordinated debt		232,375			232,509
Accrued interest payable and other liabilities		72,455			209,644
Total liabilities		7,348,964			7,577,441
Preferred stock		189,768			—
Common stock		613			613
Additional paid-in capital		211,325			206,011
Retained earnings		851,339			854,931
Accumulated other comprehensive (loss)		(37,470	)		(9,333	)
Treasury stock, at cost		(311,963	)		(314,295	)
Total stockholders’ equity		903,612			737,927
Total liabilities and stockholders’ equity	$	8,252,576		$	8,315,368

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First Midwest Bancorp, Inc. Press Release Dated April 22, 2009

Condensed Consolidated Statements of Income

Unaudited	Quarters Ended
(Amounts in thousands except per share data)	March 31, 2009			December 31, 2008			March 31, 2008
Interest Income
Loans	$	65,447		$	71,849		$	81,334
Securities		26,030			26,024			27,120
Other		3			60			21
Total interest income		91,480			97,933			108,475
Interest Expense
Deposits		18,927			22,802			34,210
Borrowed funds		4,632			6,416			12,076
Subordinated debt		3,702			3,702			3,689
Total interest expense		27,261			32,920			49,975
Net interest income		64,219			65,013			58,500
Provision for loan losses		48,410			42,385			9,060
Net interest income after provision for loan losses		15,809			22,628			49,440
Noninterest Income
Service charges on deposit accounts		9,044			11,206			10,422
Trust and investment management fees		3,329			3,420			3,947
Other service charges, commissions, and fees		4,006			4,554			5,002
Card-based fees		3,755			8,868			3,898
Subtotal, fee-based revenues		20,134			23,048			23,269
Bank owned life insurance income		541			(8,858	)		2,462
Securities gains (losses), net		8,222			(34,215	)		4,968
Other		(126	)		(2,104	)		(680	)
Total noninterest income		28,771			(22,129	)		30,019
Noninterest Expense
Salaries and employee benefits		23,311			20,356			26,190
Net occupancy expense		6,506			5,967			6,151
Equipment expense		2,331			2,454			2,567
Technology and related costs		2,240			1,848			1,771
Other		14,006			15,956			12,664
Total noninterest expense		48,394			46,581			49,343
(Loss) income before taxes		(3,814	)		(46,082	)		30,116
Income tax (benefit) expense		(9,541	)		(19,192	)		5,078
Net Income (Loss)		5,727			(26,890	)		25,038
Preferred dividends		(2,563	)		(712	)		—
Net income applicable to non-vested restricted shares		(9	)		33			(59	)
Net Income (Loss) Applicable to Common Shares	$	3,155		$	(27,568	)	$	24,979
Diluted Earnings Per Share	$	0.07			(0.57	)	$	0.51
Dividends Declared Per Share	$	0.010			0.225		$	0.310
Weighted Average Diluted Shares Outstanding		48,493			48,508			48,537

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First Midwest Bancorp, Inc. Press Release Dated April 22, 2009

Unaudited	As Of								Percent Change From
(Dollar amounts in thousands)	3/31/09		% of Total		12/31/08		3/31/08		12/31/08		3/31/08
Loan Portfolio Composition
Commercial and industrial	$	1,508,175	28.0	%	$	1,490,101	$	1,396,665	1.2	%	8.0	%
Agricultural		141,190	2.6	%		142,635		200,614	(1.0	)%	(29.6	)%
Commercial real estate:
Office, retail, and industrial		1,211,844	22.5	%		1,127,689		1,020,403	7.5	%	18.8	%
Residential land and development		466,195	8.7	%		509,059		515,052	(8.4	)%	(9.5	)%
Multifamily		257,039	4.8	%		237,646		188,474	8.2	%	36.4	%
Other commercial real estate		1,073,483	19.9	%		1,106,952		952,622	(3.0	)%	12.7	%
Total commercial real estate		3,008,561	55.9	%		2,981,346		2,676,551	0.9	%	12.4	%
Consumer:
Home equity		480,283	8.9	%		477,105		459,068	0.7	%	4.6	%
Real estate 1-4 family		185,486	3.4	%		198,197		224,895	(6.4	)%	(17.5	)%
Other consumer		63,433	1.2	%		70,679		87,972	(10.3	)%	(27.9	)%
Total consumer		729,202	13.5	%		745,981		771,935	(2.2	)%	(5.5	)%
Total loans	$	5,387,128	100.0	%	$	5,360,063	$	5,045,765	0.5	%	6.8	%
Commercial Real Estate Detail Office, Retail, and Industrial
Office	$	404,857	33.4	%	$	373,272	$	326,107	8.5	%	24.1	%
Retail		338,858	28.0	%		313,286		279,612	8.2	%	21.2	%
Industrial		468,129	38.6	%		441,131		414,684	6.1	%	12.9	%
Total office, retail, and industrial	$	1,211,844	100.0	%	$	1,127,689	$	1,020,403	7.5	%	18.8	%
Residential Land and Development
Structures	$	143,497	30.8	%	$	185,929	$	209,146	(22.8	)%	(31.4	)%
Land		322,698	69.2	%		323,130		305,906	(0.1	)%	5.5	%
Total residential land and development	$	466,195	100.0	%	$	509,059	$	515,052	(8.4	)%	(9.5	)%
Other Commercial Real Estate
Commercial land	$	258,869	24.1	%	$	280,120	$	260,502	(7.6	)%	(0.6	)%
1-4 family investors		189,901	17.7	%		193,227		169,768	(1.7	)%	11.9	%
Service stations and truck stops		145,571	13.6	%		146,891		117,592	(0.9	)%	23.8	%
Warehouses and storage		89,541	8.3	%		85,276		71,921	5.0	%	24.5	%
Hotels		80,365	7.5	%		79,186		59,199	1.5	%	35.8	%
Restaurants		49,897	4.6	%		48,106		48,147	3.7	%	3.6	%
Medical		37,929	3.5	%		42,269		42,912	(10.3	)%	(11.6	)%
Automobile dealers		37,627	3.5	%		38,505		30,934	(2.3	)%	21.6	%
Mobile home parks		21,559	2.0	%		36,790		23,481	(41.4	)%	(8.2	)%
Recreational		12,587	1.2	%		14,515		16,348	(13.3	)%	(23.0	)%
Religious		11,121	1.0	%		11,224		11,291	(0.9	)%	(1.5	)%
Other		138,516	12.9	%		130,843		100,527	5.9	%	37.8	%
Total other commercial real estate	$	1,073,483	100.0	%	$	1,106,952	$	952,622	(3.0	)%	12.7	%

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First Midwest Bancorp, Inc. Press Release Dated April 22, 2009

Unaudited	As Of
(Dollar amounts in thousands)	3/31/09			% of Loan Category		% of Total		12/31/08			3/31/08
Asset Quality
Non-accrual loans:
Commercial and industrial	$	33,245		2.20	%	19.8	%	$	15,586		$	6,770
Office, retail, and industrial		12,769		1.05	%	4.6	%		2,533			730
Residential land and development		107,766		23.12	%	61.9	%		97,060			4,081
Multi-family		6,989		2.72	%	4.2	%		1,387			1,361
Other commercial real estate		16,025		1.49	%	5.5	%		6,926			255
Consumer		6,747		0.93	%	4.0	%		4,276			3,876
Total non-accrual loans		183,541		3.41	%	100.0	%		127,768			17,073
Restructured loans		1,063							7,344			1,942
90 days past due loans (still accruing interest):
Commercial and industrial		16,208		1.07	%	18.1	%	$	6,818		$	3,926
Agricultural		1,751		1.24	%	1.9	%		1,751			—
Office, retail, and industrial		12,719		1.05	%	19.8	%		3,214			—
Residential land and development		20,593		4.42	%	27.3	%		8,489			17,438
Multi-family		3,356		1.31	%	3.7	%		1,881			2,332
Other commercial real estate		8,900		0.83	%	17.6	%		6,586			2,451
Consumer		10,402		1.43	%	11.6	%		8,260			5,150
Total 90 days past due loans		73,929		1.37	%	100.0	%		36,999			31,297
Total non-performing loans	$	258,533						$	172,111		$	50,252
Foreclosed real estate	$	38,984							24,368			8,607
30-89 days past due loans	$	54,311		1.01	%	100.0	%	$	116,206		$	185,186
Reserve for loan losses	$	116,001		—		—		$	93,869		$	64,780
Asset Quality Ratios
Non-accrual loans to loans		3.41	%	—		—			2.38	%		0.33	%
Non-performing loans to loans		4.80	%	—		—			3.21	%		0.96	%
Reserve for loan losses to loans		2.15	%	—		—			1.75	%		1.24	%
Reserve for loan losses to non-accrual loans		63	%	—		—			73	%		379	%
Reserve for loan losses to non-performing loans		45	%	—		—			55	%		129	%
(Dollar amounts in thousands)	3/31/09			% of Loan Category		% of Total		12/31/08			3/31/08
Charge-off Data
Net loans charged-off:
Commercial and industrial	$	12,093		0.80	%	46.0	%	$	5,601		$	3,188
Office, retail, and industrial		878		0.07	%	3.3	%		699			—
Residential land and development		10,719		2.30	%	40.8	%		9,227			559
Multifamily		43		0.02	%	0.2	%		164			842
Other commercial real estate		69		0.01	%	0.3	%		397			673
Consumer		2,476		0.34	%	9.4	%		2,239			818
Total net loans charged-off	$	26,278		1.98	%	100.0	%	$	18,327		$	6,080
Net loan charge-offs to average loans (annualized):
Quarter-to-date		1.98	%	—		—			1.38	%		0.49	%
Year-to-date		1.98	%	—		—			0.74	%		0.49	%

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First Midwest Bancorp, Inc. Press Release Dated April 22, 2009

Securities Available-For-Sale

Unaudited	U.S. Treasury		Collateralized Mortgage Obligations			Other Mortgage Backed			State and Municipal			Collateralized Debt Obligations			Other			Total
As of March 31, 2009
Amortized cost	$	122	$	598,367		$	344,503		$	861,547		$	75,922		$	56,612		$	1,937,073
Gross unrealized gains (losses):
Gross unrealized gains		—		14,094			11,575			9,136			—			104			34,909
Gross unrealized losses		—		(3,120	)		(24	)		(16,134	)		(41,395	)		(9,390	)		(70,063	)
Net unrealized gains (losses)		—		10,974			11,551			(6,998	)		(41,395	)		(9,286	)		(35,154	)
Fair value	$	122	$	609,341		$	356,054		$	854,549		$	34,527		$	47,326		$	1,901,919
As of December 31, 2008
Amortized cost	$	1,039	$	694,285		$	504,918		$	907,036		$	78,883		$	51,820		$	2,237,981
Gross unrealized gains (losses):
Gross unrealized gains		2		7,668			13,421			12,606			—			213			33,910
Gross unrealized losses		—		(3,114	)		(74	)		(12,895	)		(36,797	)		(2,825	)		(55,705	)
Net unrealized gains (losses)		2		4,554			13,347			(289	)		(36,797	)		(2,612	)		(21,795	)
Fair value	$	1,041	$	698,839		$	518,265		$	906,747		$	42,086		$	49,208		$	2,216,186
As of March 31, 2008
Amortized cost	$	11,533	$	471,431		$	533,373		$	949,107		$	93,232		$	45,630		$	2,104,306
Gross unrealized gains (losses):
Gross unrealized gains		124		4,572			6,096			12,796			348			38			23,974
Gross unrealized losses		—		(2,548	)		(324	)		(3,164	)		(18,624	)		(3,018	)		(27,678	)
Net unrealized gains (losses)		124		2,024			5,772			9,632			(18,276	)		(2,980	)		(3,704	)
Fair value	$	11,657	$	473,455		$	539,145		$	958,739		$	74,956		$	42,650		$	2,100,602

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