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Bank One, Illinois, National Association

Springfield, IL · Cert 935

FDIC

Q3 2002

$4.7BAssets
$2.0BLoans
$1.7BDeposits
$477.9MEquity
Loan mix
19%RE $242.4M26%C&I $328.0M54%Consumer $678.2MQ3 2001Q3 2002
Deposit mix
74%Interest-bearing $1.3B26%Noninterest $0.4BQ3 2001Q3 2002

NIM

8.27%Q1 ’017.46%Q3 ’016.53%Q3 ’02+8%+9%

Non-interest income vs. expense

6.13%Q1 ’016.28%Q3 ’014.63%Q3 ’02-80%-290%

Executive Summary

  • Earnings: ROA of 3.21%, up 97 bps year over year; NIM at 4.98%.
  • Asset quality: problem loans at 0.00% of loans (0 bps YoY), with net charge-offs at 1.77%.
  • Funding: loans stand at 116.26% of deposits as of Q3 2002.

Financial Results

Return on Assets (quarter, annualized)

3.21%+97 bps YoY

Net Interest Margin (quarter, annualized)

4.98%+43 bps YoY

Efficiency Ratio (quarter, annualized)

44.42%-1,593 bps YoY

Tier 1 Leverage Ratio

n/a

Discrete quarter, annualized.

MetricQ3 2001Q4 2001Q1 2002Q2 2002Q3 2002YoY ΔTrend
Earnings
Return on Assets2.24%2.17%1.89%3.23%3.21%+97 bps
Return on Equity24.67%23.93%19.72%32.84%32.51%+784 bps
Net Interest Margin4.55%5.19%4.66%4.69%4.98%+43 bps
Efficiency Ratio60.35%55.90%62.39%44.47%44.42%-1,593 bps
Non-Interest Burden0.43%0.19%0.85%-1.26%-0.81%-124 bps
Growth
Asset Growth (YoY)4.25%2.44%3.33%19.25%15.53%+1,129 bps
Loan Growth (YoY)9.08%3.22%-7.22%-0.30%-1.80%-1,088 bps
Deposit Growth (YoY)-2.31%-4.47%-0.20%-2.33%-8.43%-612 bps
Asset Quality
Nonperforming Loans / Loans0.00%0.00%0.00%0.00%0.00%0 bps
Net Charge-Offs / Loans1.63%1.62%1.89%2.18%1.77%+13 bps
Allowance / Loans2.96%3.59%3.69%3.63%3.44%+47 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 Capital12.74%12.77%13.79%12.99%13.36%+62 bps
Equity / Assets8.94%9.14%10.06%9.66%10.10%+115 bps
Liquidity & Funding
Loans / Deposits108.41%100.69%98.42%99.06%116.26%+785 bps
Liquid Assets / Assets3.83%4.06%3.52%3.70%4.86%+103 bps
CRE / Total Capitaln/an/an/an/an/an/an/a