Associated Bank, N. A.

Neenah, WI · Cert 5311

FDIC

Q1 2001

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 2001, the quarter ended March 31, 2001, 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.

Neenah, WI · Cert 5311

FDIC

Q1 2001

$777.3MAssets

$565.4MLoans

$502.2MDeposits

$61.1MEquity

Loan mix

Deposit mix

Earnings: ROA of 1.35%, up 11 bps year over year; NIM at 2.99%.
Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net recoveries of 0.01%.
Funding: loans stand at 112.58% of deposits as of Q1 2001.

Return on Assets (YTD, annualized)

1.35%+11 bps YoY

Net Interest Margin (YTD, annualized)

2.99%

n/a

Efficiency Ratio (YTD, annualized)

48.59%

n/a

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q2 1999	Q3 1999	Q4 1999	Q1 2000	Q2 2000	Q3 2000	Q4 2000	Q1 2001	YoY Δ	Trend
Earnings
Return on Assets	1.59%	1.49%	1.43%	1.24%	1.21%	1.22%	1.26%	1.35%	+11 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	n/a	n/a	n/a	n/a	n/a	n/a	2.99%	n/a	n/a
Efficiency Ratio	n/a	n/a	n/a	n/a	n/a	n/a	n/a	48.59%	n/a	n/a
Non-Interest Burden	n/a	n/a	n/a	n/a	n/a	n/a	n/a	0.85%	n/a	n/a
Growth
Asset Growth (YoY)	35.15%	51.19%	12.18%	6.01%	5.57%	-5.57%	-1.64%	3.92%	-209 bps
Loan Growth (YoY)	25.65%	25.13%	6.78%	4.44%	4.19%	5.37%	5.56%	5.23%	+79 bps
Deposit Growth (YoY)	12.72%	20.57%	2.22%	16.77%	10.94%	10.49%	13.89%	-6.89%	-2,366 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	n/a	n/a	n/a	-0.01%	n/a	n/a
Allowance / Loans	n/a	n/a	n/a	n/a	n/a	n/a	n/a	1.37%	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	n/a	n/a	n/a	n/a	n/a	n/a	n/a	11.26%	n/a	n/a
Equity / Assets	n/a	n/a	n/a	n/a	n/a	n/a	n/a	7.87%	n/a	n/a
Liquidity & Funding
Loans / Deposits	106.75%	97.54%	101.72%	99.61%	100.26%	93.02%	94.29%	112.58%	+1,297 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