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Bank One, Oklahoma, National Association

Oklahoma City, OK · Cert 4167

FDIC

Q1 2003

$2.8BAssets
$754.5MLoans
$2.2BDeposits
$460.6MEquity
Loan mix
27%RE $71.3M72%C&I $189.3M1%Consumer $2.2MQ1 2002Q1 2003
Deposit mix
77%Interest-bearing $1.7B23%Noninterest $0.5BQ1 2002Q1 2003

NIM

5.70%Q1 ’013.26%Q1 ’022.99%Q1 ’03-34%-7%

Non-interest income vs. expense

2.36%Q1 ’011.82%Q1 ’021.79%Q1 ’03-29%-27%

Executive Summary

  • Earnings: ROA of 0.43%, up 1 bps year over year; NIM at 1.80%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.53%.
  • Funding: loans stand at 34.61% of deposits as of Q1 2003.

Financial Results

Return on Assets (quarter, annualized)

0.43%+1 bps YoY

Net Interest Margin (quarter, annualized)

1.80%-15 bps YoY

Efficiency Ratio (quarter, annualized)

61.49%-261 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ1 2002Q2 2002Q3 2002Q4 2002Q1 2003YoY ΔTrend
Earnings
Return on Assets0.41%0.15%0.29%10.46%0.43%+1 bps
Return on Equity2.79%1.02%1.78%3.01%2.84%+5 bps
Net Interest Margin1.95%1.90%2.02%1.49%1.80%-15 bps
Efficiency Ratio64.11%67.16%75.17%65.33%61.49%-261 bps
Non-Interest Burden0.99%1.03%1.30%0.60%0.72%-27 bps
Growth
Asset Growth (YoY)-11.82%5.35%-23.46%16.21%-11.19%+63 bps
Loan Growth (YoY)-27.07%-22.85%-22.40%-24.71%-28.60%-153 bps
Deposit Growth (YoY)8.70%3.96%6.09%13.97%-1.09%-978 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans2.00%1.57%1.69%1.12%1.53%-47 bps
Allowance / Loans2.09%2.39%2.49%2.87%3.18%+109 bps
Allowance Coverage of NPLsn/an/an/an/an/an/an/a
Capital
Tier 1 Leverage Ration/an/an/an/an/an/an/a
Total Risk-Based Capital16.20%16.87%18.04%17.50%20.35%+414 bps
Equity / Assets14.11%15.13%17.08%13.83%16.51%+240 bps
Liquidity & Funding
Loans / Deposits47.95%48.64%46.14%34.78%34.61%-1,334 bps
Liquid Assets / Assets0.00%0.00%0.00%0.00%0.00%0 bps
CRE / Total Capitaln/an/an/an/an/an/an/a