Citibank USA

Wilmington, DE · Cert 27606

FDIC

Q4 2001

$2.4BAssets

$2.3BLoans

$9.7MDeposits

$215.8MEquity

Deposit mix

Executive Summary

Earnings: ROA of -4.28%, down 503 bps year over year; NIM at 7.15%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.67%.
Funding: loans stand at 23823.97% of deposits as of Q4 2001.

Return on Assets (quarter, annualized)

-4.28%-503 bps YoY

Net Interest Margin (quarter, annualized)

7.15%

Efficiency Ratio (quarter, annualized)

55.82%

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	1.13%	0.81%	0.74%	0.75%	-2.71%	-0.94%	-0.44%	-4.28%	-503 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	-9.98%	-4.57%	-46.12%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	3.95%	6.37%	8.20%	7.15%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	78.85%	62.54%	57.10%	55.82%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	2.89%	3.53%	4.18%	3.29%	n/a
Growth
Asset Growth (YoY)	35.46%	25.54%	27.95%	27.42%	14.04%	-1.52%	-16.88%	-23.98%	-5,140 bps
Loan Growth (YoY)	30.95%	20.02%	24.08%	26.43%	17.31%	1.98%	-16.05%	-21.68%	-4,811 bps
Deposit Growth (YoY)	-63.05%	-22.72%	-11.59%	-15.87%	3.81%	-0.99%	1.84%	-8.17%	+770 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	3.41%	4.61%	4.49%	4.67%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	1.90%	1.92%	2.00%	3.57%	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	13.90%	13.97%	14.33%	13.78%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	9.39%	9.42%	9.64%	8.91%	n/a
Liquidity & Funding
Loans / Deposits	20097%	23805%	30093%	27935%	22711%	24518%	24807%	23824%	-411,096 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	0.05%	0.06%	0.05%	0.05%	+5 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a