U.S. Bank National Association Mt

Billings, MT · Cert 2162

FDIC

Q4 2001

$1.0BAssets

$457.3MLoans

$847.1MDeposits

$143.5MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of 0.11%, down 128 bps year over year; NIM at 2.35%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.08%.
Funding: loans stand at 53.99% of deposits as of Q4 2001.

Return on Assets (quarter, annualized)

0.11%-128 bps YoY

Net Interest Margin (quarter, annualized)

2.35%

Efficiency Ratio (quarter, annualized)

71.24%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	1.38%	1.37%	1.38%	1.39%	1.38%	0.74%	0.54%	0.11%	-128 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	5.52%	4.05%	0.80%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	4.30%	3.93%	3.59%	2.35%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	62.72%	72.95%	79.24%	71.24%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	2.06%	2.56%	2.67%	1.00%	n/a
Growth
Asset Growth (YoY)	-1.27%	7.46%	2.12%	7.68%	2.89%	-6.64%	6.84%	-8.18%	-1,586 bps
Loan Growth (YoY)	-16.52%	-18.68%	-13.91%	-10.54%	-17.54%	-12.61%	-9.47%	-24.64%	-1,409 bps
Deposit Growth (YoY)	-2.12%	2.50%	1.85%	9.65%	2.18%	-1.39%	-0.80%	-6.60%	-1,625 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	0.35%	0.45%	0.53%	0.08%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	1.74%	1.64%	1.51%	1.78%	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	19.49%	18.80%	19.06%	20.46%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	13.12%	13.81%	12.81%	14.24%	n/a
Liquidity & Funding
Loans / Deposits	75.61%	72.13%	69.98%	66.90%	61.01%	63.92%	63.87%	53.99%	-1,292 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	+1 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a