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Letter portraitLegal landscapeQuarterYTD

Bank One, Indiana, National Association

Indianapolis, IN · Cert 4345

FDIC

Q2 2002

$13.3BAssets
$6.6BLoans
$9.2BDeposits
$1.2BEquity
Loan mix
35%RE $1.9B45%C&I $2.5B20%Consumer $1.1BQ2 2001Q2 2002
Deposit mix
74%Interest-bearing $6.8B26%Noninterest $2.4BQ2 2001Q2 2002

NIM

7.76%Q1 ’017.35%Q2 ’015.57%Q2 ’02-4%0%

Non-interest income vs. expense

4.74%Q1 ’014.98%Q2 ’014.80%Q2 ’02-4%-91%

Executive Summary

  • Earnings: ROA of 1.71%, up 65 bps year over year; NIM at 4.21%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.61%.
  • Funding: loans stand at 71.77% of deposits as of Q2 2002.

Financial Results

Return on Assets (YTD, annualized)

1.71%+65 bps YoY

Net Interest Margin (YTD, annualized)

4.21%0 bps YoY

Efficiency Ratio (YTD, annualized)

54.26%-1,445 bps YoY

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

MetricQ2 2001Q3 2001Q4 2001Q1 2002Q2 2002YoY ΔTrend
Earnings
Return on Assets1.06%1.23%1.36%1.78%1.71%+65 bps
Return on Equityn/an/an/a20.18%19.00%n/a
Net Interest Margin4.22%4.43%4.47%4.20%4.21%0 bps
Efficiency Ratio68.71%65.83%63.71%58.06%54.26%-1,445 bps
Non-Interest Burden1.95%1.73%1.51%0.54%0.17%-178 bps
Growth
Asset Growth (YoY)-4.53%-10.33%-8.08%-11.73%-7.54%-301 bps
Loan Growth (YoY)-8.98%-11.87%-10.09%-24.54%-21.88%-1,290 bps
Deposit Growth (YoY)-9.34%-9.29%-4.26%0.13%1.79%+1,113 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.02%1.10%1.26%1.59%1.61%+59 bps
Allowance / Loansn/an/an/an/an/an/an/a
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 Capital13.18%13.30%12.46%12.66%12.15%-103 bps
Equity / Assetsn/an/an/an/an/an/an/a
Liquidity & Funding
Loans / Deposits93.51%93.16%83.48%72.92%71.77%-2,174 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