State Street Bank and Trust Company of Connecticut, N.A.

Hartford, CT · Cert 33132

FDIC

Q1 2005

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2

Part 2Peer Comparison, not published for this institution and quartern/a

Basis

Quarter: Q1 2005, the quarter ended March 31, 2005, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

No peer standings are published for this institution and quarter.

Peer groups below the disclosure floor are suppressed.

Hartford, CT · Cert 33132

FDIC

Q1 2005

$49.0MAssets

n/aLoans

n/aDeposits

$46.8MEquity

Return on Assets (YTD, annualized)

-0.11%+59 bps YoY

Net Interest Margin (YTD, annualized)

0.02%-1 bps YoY

Efficiency Ratio (YTD, annualized)

168.97%-26,799 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q1 2004	Q2 2004	Q3 2004	Q4 2004	Q1 2005	YoY Δ	Trend
Earnings
Return on Assets	-0.70%	1.96%	1.26%	0.97%	-0.11%	+59 bps
Return on Equity	-0.80%	2.20%	1.40%	1.06%	-0.11%	+69 bps
Net Interest Margin	0.04%	0.02%	0.02%	0.02%	0.02%	-1 bps
Efficiency Ratio	437%	20.78%	25.57%	26.28%	168.97%	-26,799 bps
Non-Interest Burden	1.20%	-3.44%	-2.19%	-1.65%	0.19%	-102 bps
Growth
Asset Growth (YoY)	11.47%	15.55%	18.47%	-10.05%	-5.62%	-1,709 bps
Loan Growth (YoY)	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Deposit Growth (YoY)	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Asset Quality
Nonperforming Loans / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a
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	385%	456%	458%	457%	458%	+7,327 bps
Equity / Assets	89.04%	94.60%	94.70%	94.39%	95.51%	+647 bps
Liquidity & Funding
Loans / Deposits	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquid Assets / Assets	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