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Letter portraitLegal landscapeQuarterYTD

Bank One, Utah, National Association

Salt Lake City, UT · Cert 16703

FDIC

Q3 2001

$1.3BAssets
$619.3MLoans
$1.1BDeposits
$92.1MEquity
Deposit mix
72%Interest-bearing $768.9M28%Noninterest $296.3MQ3 2000Q3 2001

NIM

7.08%Q1 ’016.61%Q2 ’016.07%Q3 ’01-7%-9%

Non-interest income vs. expense

6.58%Q1 ’016.61%Q2 ’016.61%Q3 ’01-6%+8%

Executive Summary

  • Earnings: ROA of -0.03%, down 93 bps year over year; NIM at 3.36%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 2.05%.
  • Funding: loans stand at 58.14% of deposits as of Q3 2001.

Financial Results

Return on Assets (YTD, annualized)

-0.03%-93 bps YoY

Net Interest Margin (YTD, annualized)

3.36%

Efficiency Ratio (YTD, annualized)

86.38%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ3 2000Q4 2000Q1 2001Q2 2001Q3 2001YoY ΔTrend
Earnings
Return on Assets0.89%0.99%0.44%0.12%-0.03%-93 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/an/a3.94%3.68%3.36%n/a
Efficiency Ration/an/a79.84%81.19%86.38%n/a
Non-Interest Burdenn/an/a2.27%2.15%2.32%n/a
Growth
Asset Growth (YoY)-1.03%-1.04%0.53%4.07%8.80%+982 bps
Loan Growth (YoY)-4.17%-9.98%-8.33%-15.00%-11.91%-773 bps
Deposit Growth (YoY)13.88%10.85%0.49%7.62%3.87%-1,001 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loansn/an/a1.53%2.39%2.05%n/a
Allowance / Loansn/an/a1.01%1.09%1.10%n/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capitaln/an/a14.87%15.41%14.64%n/a
Equity / Assetsn/an/a7.97%8.05%7.28%n/a
Liquidity & Funding
Loans / Deposits68.55%68.96%67.37%63.13%58.14%-1,041 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a