Firstar Bank U.S.A., National Association

Waukegan, IL · Cert 34039

FDIC

Q3 2001

$613.9MAssets

$538.4MLoans

$4.9MDeposits

$168.3MEquity

Deposit mix

Executive Summary

Earnings: ROA of 7.10%, up 121 bps year over year; NIM at 12.20%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 4.92%.
Funding: loans stand at 10962.49% of deposits as of Q3 2001.

Return on Assets (quarter, annualized)

7.10%+121 bps YoY

Net Interest Margin (quarter, annualized)

12.20%

Efficiency Ratio (quarter, annualized)

18.31%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	YoY Δ	Trend
Earnings
Return on Assets	3.42%	8.89%	5.56%	5.88%	6.62%	7.11%	6.29%	7.10%	+121 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	23.90%	26.53%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	8.85%	8.43%	12.20%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	34.89%	19.40%	18.31%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	-3.09%	-7.12%	-6.56%	n/a
Growth
Asset Growth (YoY)	-71.90%	-75.12%	-70.26%	-39.58%	41.18%	33.92%	4.08%	21.38%	+6,096 bps
Loan Growth (YoY)	-75.34%	-77.22%	-79.46%	-41.63%	30.51%	31.07%	37.09%	28.50%	+7,013 bps
Deposit Growth (YoY)	-61.63%	-4.84%	-34.36%	-26.49%	219%	29.60%	-10.79%	-19.01%	+747 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	1.21%	5.90%	4.92%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	5.32%	5.23%	6.08%	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	29.44%	28.98%	30.56%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	26.60%	26.06%	27.42%	n/a
Liquidity & Funding
Loans / Deposits	29755%	9240%	11561%	6909%	12183%	9345%	17765%	10962%	+405,336 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