U.S. Bank Trust National Association

Seattle, WA · Cert 33804

FDIC

Q4 2001

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: Q4 2001, the quarter ended December 31, 2001, 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.

Seattle, WA · Cert 33804

FDIC

Q4 2001

$128.2MAssets

n/aLoans

n/aDeposits

$124.4MEquity

Return on Assets (YTD, annualized)

3.79%-72 bps YoY

Net Interest Margin (YTD, annualized)

3.14%

Efficiency Ratio (YTD, annualized)

53.20%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	4.51%	4.14%	3.57%	3.61%	3.79%	-72 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	4.46%	3.95%	3.58%	3.14%	n/a
Efficiency Ratio	n/a	56.28%	56.64%	55.30%	53.20%	n/a
Non-Interest Burden	n/a	-1.45%	-1.35%	-1.88%	-2.61%	n/a
Growth
Asset Growth (YoY)	4.73%	5.20%	4.36%	4.39%	3.76%	-97 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	n/a	445%	454%	450%	456%	n/a
Equity / Assets	n/a	96.23%	97.31%	96.83%	97.00%	n/a
Liquidity & Funding
Loans / Deposits	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquid Assets / Assets	0.00%	73.86%	74.38%	74.88%	75.62%	+7,562 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a