U.S. Bank Trust National Association

Chicago, IL · Cert 34094

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.

Chicago, IL · Cert 34094

FDIC

Q4 2001

$120.9MAssets

n/aLoans

n/aDeposits

$119.1MEquity

Return on Assets (YTD, annualized)

3.47%-19 bps YoY

Net Interest Margin (YTD, annualized)

2.36%

Efficiency Ratio (YTD, annualized)

57.85%

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	3.66%	2.36%	2.37%	2.37%	3.47%	-19 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	3.26%	2.92%	2.67%	2.36%	n/a
Efficiency Ratio	n/a	69.61%	67.97%	67.77%	57.85%	n/a
Non-Interest Burden	n/a	-0.30%	-0.71%	-0.97%	-2.95%	n/a
Growth
Asset Growth (YoY)	3.87%	3.97%	2.38%	2.84%	3.39%	-48 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	449%	457%	457%	461%	n/a
Equity / Assets	n/a	98.25%	98.99%	98.60%	98.50%	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%	54.54%	55.35%	56.56%	56.98%	+5,698 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a