Mellon Bank (de) National Association

Wilmington, DE · Cert 11653

FDIC

Q2 2003

$128.4MAssets

$6.9MLoans

$101.4MDeposits

$20.0MEquity

Loan mix

Deposit mix

NIM

Earnings: ROA of 7.50%, up 331 bps year over year; NIM at 2.18%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 5.13%.
Funding: loans stand at 6.77% of deposits as of Q2 2003.

Return on Assets (quarter, annualized)

7.50%¹+331 bps YoY

Net Interest Margin (quarter, annualized)

2.18%-61 bps YoY

Efficiency Ratio (quarter, annualized)

26.53%+244 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q2 2002	Q3 2002	Q4 2002	Q1 2003	Q2 2003	YoY Δ	Trend
Earnings
Return on Assets	4.18%	3.16%	16.52%	4.09%	7.50%¹	+331 bps
Return on Equity	19.95%	18.78%	100.73%	17.38%	37.82%	+1,787 bps
Net Interest Margin	2.78%	2.86%	3.71%	3.75%	2.18%	-61 bps
Efficiency Ratio	24.09%	26.26%	12.54%	27.06%	26.53%	+244 bps
Non-Interest Burden	-5.23%	-3.06%	-3.29%	-2.68%	-3.04%	+219 bps
Growth
Asset Growth (YoY)	-66.10%	-83.68%	-52.33%	-55.82%	-38.22%	+2,787 bps
Loan Growth (YoY)	-91.53%	-99.00%	-83.70%	-78.32%	-81.14%	+1,039 bps
Deposit Growth (YoY)	-74.70%	-88.51%	-6.53%	-40.73%	-21.84%	+5,287 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	-0.93%	2.19%	0.54%	-5.20%	-5.13%	-419 bps
Allowance / Loans	0.66%	0.63%	0.79%	2.09%	0.36%	-29 bps
Allowance Coverage of NPLs	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Capital
Tier 1 Leverage Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Total Risk-Based Capital	48.32%	33.84%	68.80%	89.96%	49.98%	+167 bps
Equity / Assets	18.73%	13.16%	20.30%	27.84%	15.56%	-317 bps
Liquidity & Funding
Loans / Deposits	28.06%	6.89%	11.52%	15.76%	6.77%	-2,129 bps
Liquid Assets / Assets	1.64%	2.78%	2.88%	3.24%	1.43%	-21 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a