U.S. Bank Trust National Association Mt

Billings, MT · Cert 90330

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.

Billings, MT · Cert 90330

FDIC

Q4 2001

$11.7MAssets

n/aLoans

n/aDeposits

$11.2MEquity

Return on Assets (YTD, annualized)

9.56%-368 bps YoY

Net Interest Margin (YTD, annualized)

2.85%

Efficiency Ratio (YTD, annualized)

65.73%

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	13.24%	8.55%	11.78%	10.86%	9.56%	-368 bps
Return on Equity	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Net Interest Margin	n/a	4.06%	3.38%	3.12%	2.85%	n/a
Efficiency Ratio	n/a	70.29%	61.96%	62.63%	65.73%	n/a
Non-Interest Burden	n/a	-10.08%	-15.75%	-14.37%	-12.42%	n/a
Growth
Asset Growth (YoY)	15.33%	13.25%	13.81%	12.74%	8.44%	-689 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	353%	348%	362%	346%	n/a
Equity / Assets	n/a	95.57%	95.53%	95.85%	95.45%	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%	90.77%	90.06%	91.22%	89.86%	+8,986 bps
CRE / Total Capital	n/a	n/a	n/a	n/a	n/a	n/a	n/a