Bank One, Utah, National Association

Salt Lake City, UT · Cert 16703

FDIC

Q3 2001

$1.3BAssets

$619.3MLoans

$1.1BDeposits

$92.1MEquity

Deposit mix

Executive Summary

Earnings: ROA of -0.33%, down 122 bps year over year; NIM at 3.05%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.29%.
Funding: loans stand at 58.14% of deposits as of Q3 2001.

Return on Assets (quarter, annualized)

-0.33%-122 bps YoY

Net Interest Margin (quarter, annualized)

3.05%

Efficiency Ratio (quarter, annualized)

97.29%

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	1.13%	1.34%	1.23%	0.89%	0.99%	0.44%	-0.20%	-0.33%	-122 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	-2.50%	-4.28%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	3.94%	3.46%	3.05%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	79.84%	82.55%	97.29%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	2.27%	2.04%	2.85%	n/a
Growth
Asset Growth (YoY)	5.04%	6.58%	4.65%	-1.03%	-1.04%	0.53%	4.07%	8.80%	+982 bps
Loan Growth (YoY)	3.73%	0.27%	-1.15%	-4.17%	-9.98%	-8.33%	-15.00%	-11.91%	-773 bps
Deposit Growth (YoY)	-1.27%	7.75%	4.63%	13.88%	10.85%	0.49%	7.62%	3.87%	-1,001 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	1.53%	3.14%	1.29%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	1.01%	1.09%	1.10%	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	14.87%	15.41%	14.64%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	7.97%	8.05%	7.28%	n/a
Liquidity & Funding
Loans / Deposits	84.91%	73.85%	79.94%	68.55%	68.96%	67.37%	63.13%	58.14%	-1,041 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a