U.S. Bank Trust National Association

Phoenix, AZ · Cert 34142

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.

Phoenix, AZ · Cert 34142

FDIC

Q4 2001

$60.2MAssets

n/aLoans

n/aDeposits

$59.4MEquity

Return on Assets (YTD, annualized)

2.22%+1 bps YoY

Net Interest Margin (YTD, annualized)

3.13%

Efficiency Ratio (YTD, annualized)

38.31%

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	2.21%	3.06%	2.66%	2.51%	2.22%	+1 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%	3.93%	3.57%	3.13%	n/a
Efficiency Ratio	n/a	34.77%	35.01%	35.24%	38.31%	n/a
Non-Interest Burden	n/a	-0.68%	-0.53%	-0.64%	-0.58%	n/a
Growth
Asset Growth (YoY)	1.74%	1.61%	2.08%	1.87%	2.78%	+104 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	489%	485%	492%	484%	n/a
Equity / Assets	n/a	99.00%	98.79%	98.66%	98.67%	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%	75.21%	75.45%	76.45%	76.28%	+7,628 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a