First Mercantile Bank, National Association

Dallas, TX · Cert 34625

FDIC

Q4 2001

$360.0MAssets

$268.0MLoans

$312.6MDeposits

$30.9MEquity

Loan mix

Deposit mix

Executive Summary

Earnings: ROA of -0.13%, down 75 bps year over year; NIM at 4.16%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 0.26%.
Funding: loans stand at 85.72% of deposits as of Q4 2001.

Return on Assets (quarter, annualized)

-0.13%-75 bps YoY

Net Interest Margin (quarter, annualized)

4.16%

Efficiency Ratio (quarter, annualized)

72.80%

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

Metric	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	1.00%	0.93%	0.92%	0.63%	0.62%	0.74%	0.89%	-0.13%	-75 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	8.97%	10.29%	-1.43%	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	5.16%	5.10%	4.59%	4.16%	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	77.53%	76.51%	69.86%	72.80%	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	3.92%	3.81%	2.70%	2.78%	n/a
Growth
Asset Growth (YoY)	48.24%	67.40%	59.53%	61.62%	63.16%	58.88%	113.47%	89.79%	+2,817 bps
Loan Growth (YoY)	90.05%	84.04%	80.93%	75.99%	69.88%	66.52%	108.96%	91.13%	+1,514 bps
Deposit Growth (YoY)	50.09%	70.34%	56.27%	57.04%	59.18%	50.48%	102.23%	80.55%	+2,352 bps
Asset Quality
Nonperforming Loans / Loans	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0 bps
Net Charge-Offs / Loans	n/a	n/a	n/a	n/a	0.01%	0.12%	0.01%	0.26%	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	0.71%	0.70%	0.85%	1.25%	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	n/a	n/a	n/a	n/a	11.65%	10.53%	9.02%	8.80%	n/a
Equity / Assets	n/a	n/a	n/a	n/a	8.63%	8.01%	9.08%	8.58%	n/a
Liquidity & Funding
Loans / Deposits	76.83%	81.93%	80.98%	80.98%	82.00%	90.66%	83.68%	85.72%	+474 bps
Liquid Assets / Assets	0.00%	0.00%	0.00%	0.00%	1.96%	1.79%	1.01%	0.75%	+75 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a