U.S. Trust Company of New Jersey

Princeton, NJ · Cert 33757

FDIC

Q4 2001

$150.6MAssets

$12.9MLoans

$108.1MDeposits

$35.5MEquity

Deposit mix

Executive Summary

Earnings: ROA of 2.96%, down 182 bps year over year; NIM at 2.31%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.00%.
Funding: loans stand at 11.97% of deposits as of Q4 2001.

Return on Assets (quarter, annualized)

2.96%-182 bps YoY

Net Interest Margin (quarter, annualized)

2.31%

Efficiency Ratio (quarter, annualized)

74.41%

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	6.60%	5.37%	5.02%	4.78%	5.38%	5.00%	4.56%	2.96%	-182 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	21.91%	19.71%	12.60%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	2.15%	2.46%	2.63%	2.31%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	59.73%	61.97%	64.25%	74.41%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	-7.21%	-5.71%	-4.44%	-2.85%	n/a
Growth
Asset Growth (YoY)	20.83%	6.89%	11.41%	10.74%	18.07%	21.89%	19.65%	18.88%	+815 bps
Loan Growth (YoY)	34.69%	25.30%	19.29%	29.81%	13.33%	5.13%	13.78%	2.21%	-2,760 bps
Deposit Growth (YoY)	23.23%	4.96%	7.68%	2.64%	12.95%	15.86%	14.03%	17.46%	+1,482 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	0.00%	0.00%	0.00%	0.00%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	2.69%	2.85%	2.56%	2.55%	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	89.66%	97.80%	79.34%	85.52%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	22.73%	22.88%	23.40%	23.57%	n/a
Liquidity & Funding
Loans / Deposits	12.19%	12.28%	12.07%	13.76%	12.23%	11.15%	12.05%	11.97%	-179 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