Allfirst Trust Company National Association

McLean, VA · Cert 34466

FDIC

Q1 2003

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: Q1 2003, the quarter ended March 31, 2003, 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.

McLean, VA · Cert 34466

FDIC

Q1 2003

$89.2MAssets

n/aLoans

n/aDeposits

$84.9MEquity

Return on Assets (YTD, annualized)

21.02%-649 bps YoY

Net Interest Margin (YTD, annualized)

0.26%-10 bps YoY

Efficiency Ratio (YTD, annualized)

50.61%-66 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q1 2002	Q2 2002	Q3 2002	Q4 2002	Q1 2003	YoY Δ	Trend
Earnings
Return on Assets	27.51%	25.39%	24.04%	24.28%	21.02%	-649 bps
Return on Equity	30.51%	27.97%	26.47%	26.69%	22.51%	-799 bps
Net Interest Margin	0.36%	0.36%	0.35%	0.33%	0.26%	-10 bps
Efficiency Ratio	51.27%	53.11%	53.54%	51.53%	50.61%	-66 bps
Non-Interest Burden	-46.35%	-41.19%	-37.87%	-37.37%	-34.04%	+1,231 bps
Growth
Asset Growth (YoY)	41.08%	33.70%	32.86%	28.08%	22.10%	-1,898 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	295%	187.82%	191.85%	212%	223%	-7,213 bps
Equity / Assets	90.73%	91.78%	91.05%	91.48%	95.22%	+450 bps
Liquidity & Funding
Loans / Deposits	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquid Assets / Assets	18.62%	0.00%	0.00%	0.00%	0.00%	-1,862 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a