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Letter portraitLegal landscapeQuarterYTD

First USA Financial Services, Inc.

Salt Lake City, UT · Cert 34064

FDIC

Q2 2001

$81.6MAssets
n/aLoans
$42.5MDeposits
$29.0MEquity
Deposit mix
100%Interest-bearing $42.5M0%Noninterest $0.0MQ2 2000Q2 2001

NIM

1.33%Q1 ’013.38%Q2 ’01+46%

Non-interest income vs. expense

13.46%Q1 ’018.42%Q2 ’01-189%

Executive Summary

  • Earnings: ROA of 11.90%, up 1,051 bps year over year; NIM at -1.89%.
  • Funding: loans stand at 0.00% of deposits as of Q2 2001.

Financial Results

Return on Assets (YTD, annualized)

11.90%+1,051 bps YoY

Net Interest Margin (YTD, annualized)

-1.89%

Efficiency Ratio (YTD, annualized)

29.70%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2000Q3 2000Q4 2000Q1 2001Q2 2001YoY ΔTrend
Earnings
Return on Assets1.39%1.27%1.31%1.78%11.90%+1,051 bps
Return on Equityn/an/an/an/an/an/an/a
Net Interest Marginn/an/an/a-3.53%-1.89%n/a
Efficiency Ration/an/an/a77.02%29.70%n/a
Non-Interest Burdenn/an/an/a-7.54%-21.83%n/a
Growth
Asset Growth (YoY)65.59%78.10%44.72%44.67%-54.20%-11,979 bps
Loan Growth (YoY)65.09%63.96%61.73%48.36%-100.00%-16,509 bps
Deposit Growth (YoY)76.35%83.62%45.81%49.21%-71.40%-14,775 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%n/an/a
Net Charge-Offs / Loansn/an/an/a2.11%3646%n/a
Allowance / Loansn/an/an/a1.48%n/an/an/a
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capitaln/an/an/a11.80%183.32%n/a
Equity / Assetsn/an/an/a9.14%35.59%n/a
Liquidity & Funding
Loans / Deposits92.03%90.93%88.91%94.66%0.00%-9,203 bps
Liquid Assets / Assets0.00%0.00%0.00%1.33%3.14%+314 bps
CRE / Total Capitaln/an/an/an/an/an/an/a