Bank One, Florida

Venice, FL · Cert 33108

FDIC

Q2 2001

$201.6MAssets

$59.2MLoans

$180.3MDeposits

$14.4MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of -0.35%, up 43 bps year over year; NIM at 0.84%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.47%.
Funding: loans stand at 32.86% of deposits as of Q2 2001.

Return on Assets (YTD, annualized)

-0.35%+43 bps YoY

Net Interest Margin (YTD, annualized)

0.84%

Efficiency Ratio (YTD, annualized)

106.38%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q3 1999	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	YoY Δ	Trend
Earnings
Return on Assets	1.02%	0.99%	-1.17%	-0.78%	-0.61%	-0.49%	-0.17%	-0.35%	+43 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	1.11%	0.84%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	106.94%	106.38%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	n/a	1.43%	1.13%	n/a
Growth
Asset Growth (YoY)	10.86%	13.83%	26.80%	27.41%	30.69%	30.52%	7.87%	7.01%	-2,040 bps
Loan Growth (YoY)	10.67%	11.70%	-22.03%	-32.87%	-41.90%	-44.87%	-17.15%	-2.48%	+3,039 bps
Deposit Growth (YoY)	10.68%	14.81%	39.49%	35.13%	36.03%	34.42%	7.11%	5.68%	-2,945 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	n/a	2.49%	1.47%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	1.70%	1.66%	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	n/a	18.04%	17.31%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	6.90%	7.15%	n/a
Liquidity & Funding
Loans / Deposits	76.24%	67.55%	35.80%	35.61%	32.56%	27.70%	27.69%	32.86%	-275 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