U.S. Bank Trust National Association

Saint Paul, MN · Cert 90319

FDIC

Q4 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: Q4 2001, the quarter ended December 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.

Saint Paul, MN · Cert 90319

FDIC

Q4 2001

$91.3MAssets

n/aLoans

n/aDeposits

$55.8MEquity

Return on Assets (YTD, annualized)

8.34%+884 bps YoY

Net Interest Margin (YTD, annualized)

0.08%

Efficiency Ratio (YTD, annualized)

88.55%

Tier 1 Leverage Ratio

n/a

Year to date, annualized, through each quarter.

Metric	Q4 2000	Q1 2001	Q2 2001	Q3 2001	Q4 2001	YoY Δ	Trend
Earnings
Return on Assets	-0.50%	4.26%	3.36%	6.69%	8.34%	+884 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	0.14%	0.15%	0.12%	0.08%	n/a
Efficiency Ratio	n/a	91.44%	93.34%	88.08%	88.55%	n/a
Non-Interest Burden	n/a	-9.02%	-7.85%	-14.06%	-12.50%	n/a
Growth
Asset Growth (YoY)	-0.01%	-4.17%	-20.88%	4.72%	-8.19%	-818 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	n/a	109.52%	124.60%	157.18%	198.87%	n/a
Equity / Assets	n/a	51.39%	61.27%	44.34%	61.18%	n/a
Liquidity & Funding
Loans / Deposits	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Liquid Assets / Assets	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