Bank One, Arizona, National Association

Phoenix, AZ · Cert 15025

FDIC

Q3 2001

$23.2BAssets

$14.3BLoans

$13.0BDeposits

$1.9BEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 2.18%, up 227 bps year over year; NIM at 4.98%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.83%.
Funding: loans stand at 109.41% of deposits as of Q3 2001.

Return on Assets (quarter, annualized)

2.18%+227 bps YoY

Net Interest Margin (quarter, annualized)

4.98%

Efficiency Ratio (quarter, annualized)

50.59%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	1.51%	0.92%	-0.29%	-0.09%	-0.36%	2.01%	1.65%	2.18%	+227 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	21.07%	27.42%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	4.58%	4.64%	4.98%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	54.68%	57.02%	50.59%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	0.93%	1.06%	0.30%	n/a
Growth
Asset Growth (YoY)	11.27%	14.80%	11.27%	1.96%	4.77%	-0.54%	1.27%	-0.88%	-284 bps
Loan Growth (YoY)	-6.75%	-10.45%	-0.45%	6.66%	-0.36%	1.43%	-6.12%	-4.43%	-1,108 bps
Deposit Growth (YoY)	9.03%	9.92%	5.12%	0.96%	-14.63%	-20.75%	-19.23%	-17.74%	-1,870 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	1.14%	1.62%	1.83%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.93%	2.10%	2.43%	n/a
Allowance Coverage of NPLs	n/a	n/a	n/a	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	n/a	n/a	n/a
Total Risk-Based Capital	n/a	n/a	n/a	n/a	n/a	11.51%	12.99%	12.62%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	7.88%	7.76%	8.13%	n/a
Liquidity & Funding
Loans / Deposits	92.40%	86.58%	89.65%	94.17%	107.85%	110.81%	104.20%	109.41%	+1,524 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	1.42%	1.47%	2.15%	+215 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a