Associated Card Services Bank, National Association

Stevens Point, WI · Cert 34208

FDIC

Q2 2003

$26.7MAssets

n/aLoans

$727KDeposits

$10.1MEquity

Deposit mix

Executive Summary

Return on Assets (quarter, annualized)

16.57%+960 bps YoY

Net Interest Margin (quarter, annualized)

0.29%+14 bps YoY

Efficiency Ratio (quarter, annualized)

49.86%-3,465 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q3 2001	Q4 2001	Q1 2002	Q2 2002	Q3 2002	Q4 2002	Q1 2003	Q2 2003	YoY Δ	Trend
Earnings
Return on Assets	13.06%	1.82%	13.94%	6.96%	10.76%	11.84%	13.38%	16.57%	+960 bps
Return on Equity	42.35%	5.26%	38.55%	18.24%	29.21%	33.41%	38.71%	46.24%	+2,800 bps
Net Interest Margin	0.69%	0.60%	0.62%	0.15%	-0.06%	0.62%	0.65%	0.29%	+14 bps
Efficiency Ratio	70.51%	96.72%	68.09%	84.51%	78.22%	77.52%	75.98%	49.86%	-3,465 bps
Non-Interest Burden	-19.48%	-1.19%	-20.49%	-9.49%	-16.17%	-15.54%	-19.48%	-25.59%	-1,610 bps
Growth
Asset Growth (YoY)	-1.41%	13.92%	0.47%	-7.45%	23.00%	-19.95%	-7.72%	-10.14%	-269 bps
Loan Growth (YoY)	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Deposit Growth (YoY)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	45.40%	+4,540 bps
Asset Quality
Nonperforming Loans / Loans	n/a	n/a	n/a	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	n/a	n/a	n/a
Allowance / Loans	n/a	n/a	n/a	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	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	81.30%	70.76%	124.03%	71.57%	138.82%	114.21%	80.23%	74.87%	+330 bps
Equity / Assets	34.58%	34.59%	37.75%	38.63%	35.33%	35.58%	33.70%	37.98%	-64 bps
Liquidity & Funding
Loans / Deposits	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 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