Wells Fargo Bank Wisconsin, National Association

Milwaukee, WI · Cert 18694

FDIC

Q4 2003

$2.6BAssets

$1.2BLoans

$2.3BDeposits

$193.8MEquity

Loan mix

Deposit mix

NIM

Earnings: ROA of -0.51%, down 41 bps year over year; NIM at 2.70%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.11%.
Funding: loans stand at 51.94% of deposits as of Q4 2003.

Return on Assets (quarter, annualized)

-0.51%-41 bps YoY

Net Interest Margin (quarter, annualized)

2.70%-81 bps YoY

Efficiency Ratio (quarter, annualized)

119.68%+1,165 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 2002	Q1 2003	Q2 2003	Q3 2003	Q4 2003	YoY Δ	Trend
Earnings
Return on Assets	-0.09%	0.05%	-0.04%	-0.35%	-0.51%	-41 bps
Return on Equity	-1.17%	0.64%	-0.47%	-4.53%	-6.64%	-547 bps
Net Interest Margin	3.51%	2.98%	3.13%	3.04%	2.70%	-81 bps
Efficiency Ratio	108.02%	98.78%	101.95%	92.24%	119.68%	+1,165 bps
Non-Interest Burden	3.92%	2.93%	3.23%	2.66%	3.52%	-40 bps
Growth
Asset Growth (YoY)	7.27%	10.77%	10.37%	1.10%	1.24%	-602 bps
Loan Growth (YoY)	-18.92%	1.52%	7.86%	-4.08%	-15.34%	+358 bps
Deposit Growth (YoY)	10.22%	13.92%	14.08%	5.52%	3.49%	-672 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	0.19%	0.09%	0.14%	0.22%	0.11%	-8 bps
Allowance / Loans	1.18%	1.03%	1.07%	1.12%	1.35%	+17 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	14.68%	14.70%	14.67%	15.87%	15.97%	+129 bps
Equity / Assets	7.96%	7.68%	7.82%	7.73%	7.50%	-45 bps
Liquidity & Funding
Loans / Deposits	63.50%	67.79%	66.25%	62.65%	51.94%	-1,155 bps
Liquid Assets / Assets	25.42%	17.29%	13.31%	12.43%	14.89%	-1,053 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a