2004 was a great year for Colonial. We reported record net income of over $175 million. Earnings per share increased 11% over 2003 and were also a record at $1.33. We didn’t make our numbers through any tricks. We made our record earnings through the hard work of our people.

We continued our stellar credit quality track record by improving upon excellent ratios. Our nonperforming assets ratio fell to a new record low of 0.29% at December 31, 2004, while our net charge-off ratio was 0.19% for 2004. A bank’s net charge-off ratio is a good indication of how well a bank lends money. You won’t find many banks our size with a lower net charge-off ratio.



* Pro forma including Union Bank as of December 31, 2004.