Exhibit 13

Profile

West Suburban Bancorp, Inc. ("West Suburban") is the parent bank holding company of West Suburban Bank, Lombard, Illinois (the "Bank," and together with West
Suburban, the "Company"). The Company had total assets at December 31, 2000 of approximately $1.43 billion. The Bank is the largest independent bank headquartered in DuPage County.

West Suburban Bancorp, Inc.
Financial Highlights

|               |                | Years Ended December 31,
(Dollars in thousands, except per share data)
|-------------- | -------------- | ----------------------------------------------------------------------
|
|Net income     |                | $                                                                     
|Per share data |                |                                                                       
|               | Earnings       |                                                                       
|               | Book value (1) |                                                                       
|Net loans      |                |                                                                       
|Total assets   |                |                                                                       
|Deposits       |                |                                                                       

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Table of Contents

|                                                                                                     |  |   
|---------------------------------------------------------------------------------------------------- |  | --
|Profile                                                                                              |  | 1 
|Letter to our Shareholders, Customers and Friends                                                    |  | 3 
|Common Stock, Book Value and Dividends                                                               |  | 4 
|Business Review                                                                                      |  | 4 
|Review of Operations                                                                                 |  | 5 
|Report of Independent Auditors                                                                       |  | 6 
|Consolidated Financial Statements                                                                    |  | 7 
|Notes to Consolidated Financial Statements                                                           |  | 11
|Selected Financial Data                                                                              |  | 27
|Average Balance Sheets, Net Interest Income and
  Average Rates and Yields on a Tax Equivalent Basis |  | 28
|Management's Discussion and Analysis of Financial
  Condition and Results of Operations              |  | 29
|Boards of Directors                                                                                  |  | 38
|Officers                                                                                             |  | 38
|Addresses of Branches                                                                                |  | 41
|Map of Branches                                                                                      |  | 42
|Shareholder Information                                                                              |  | 43

24

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This report, including the letter to our shareholders, customers and friends, contains certain forward-looking statements within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The Company intends such forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements contained in the Private
Securities Reform Act of 1995, as amended, and is including this statement for purposes of indicating such intent. Forward-looking statements, which are based on certain assumptions and describe
future plans, strategies and expectations of the Company, are generally identifiable by use of the words "believe," "expect," "intend," "anticipate," "estimate," "project" or similar expressions. The
Company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on the operations and future
prospects of West Suburban and the Bank include, but are not limited to, changes in interest rates, general economic conditions, legislative/regulatory changes, monetary and fiscal policies of the
U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board, the quality or composition of the Bank's loan or securities portfolios, demand for loan products, deposit flows,
competition, demand for financial services in the Company's market area, our implementation of new technologies, our ability to develop and maintain secure and reliable electronic systems and
accounting principles, policies and guidelines. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements.
Further information concerning the Company and its business, including additional factors that could materially affect the Company's financial results, is included in the Company's filings with the
Securities and Exchange Commission.

25

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To Our Shareholders, Customers and Friends

West Suburban recognizes the need for a financial institution to offer a strong convenient branch network that is complemented by state-of-the-art technology.

During
2000, we added three new branch facilities. In January, we opened our first Romeoville location; in April, we opened our second location in St. Charles and in September, we
opened a new facility in the downtown Downers Grove area. During 2001, we plan to open facilities in South Elgin and Oswego in order to extend our branch network into new high growth areas. As the
suburbs of Chicago grow, so does our opportunity to extend and strengthen our branch network.

We
also enhanced our products and services with the addition of online banking in March 2000. Online banking provides our customers 24/7 access to their account information, allowing
them the ability to check balances, confirm transactions, review account history, transfer funds, pay bills and more from the convenience of any computer with internet access.

The
year 2000 was a good year for West Suburban. We saw our net income grow by nearly 5% to $21 million. Our growth in income was accomplished through an increase in core earnings as
our net
interest margin grew by almost 9%. This growth in our net interest margin was a result of total loan growth of approximately $171 million coming primarily in our commercial, construction and
commercial real estate portfolios.

Our
loan growth was predicated on the same conservative underwriting standards that we have consistently employed in the past. This is evidenced by the decrease in our nonperforming
loans by nearly 68% from $4.7 million to $1.6 million at the end of 2000. Our other real estate also decreased by nearly 45% from $3.5 million to $1.9 million.

Our
average total deposits grew by nearly 5% in 2000 as we continued to attract core deposits through our branch network by offering competitive interest rates.

We
continue to look to the future with optimism. The year 2001 will present us with the challenges of a new administration in Washington, D.C. and a weakening economy. President Bush
has proposed tax relief and the Federal Reserve reduced interest rates by 50 basis points twice in January. Our industry and our markets continue to consolidate and the larger financial institutions
in our markets are likely to continue to provide us with opportunities to expand our customer focused brand of community banking to businesses and individuals who prefer to bank with a strong local
institution. As in the past, we will continue to develop and offer flexible products and services that make the lives of our customers easier and more convenient.

As
always, we appreciate the support that has made us, and allowed us to remain, the largest independent bank holding company in DuPage County. We welcome your comments, criticisms
and suggestions. We could not have achieved our success without the support of our shareholders, customers, communities, friends and employees. Thank you everyone.

Finally,
we regretfully acknowledge the passing of Director Emeritus James Bell. Mr. Bell will be remembered not only for the indispensable guidance he provided to this institution,
but also for the significant contributions he made to his community and to those who had the privilege of knowing him.

|Sincerely,                                            |  |  |  |                                                                    
|----------------------------------------------------- |  |  |  | -------------------------------------------------------------------
|/s/KEVIN J. ACKERKevin J. Acker
Chairman of the Board |  |  |  | /s/DUANE G. DEBSDuane G. Debs
President and Chief Financial Officer

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Common Stock, Book Value and Dividends

West Suburban has a single class of common stock issued and outstanding. The common stock is not traded on any stock exchange or on the over-the-counter
market. West Suburban's per share ending book value and dividends declared for the last two years are set forth as follows:

| |  | Year |  | Quarter |  | Ending
Book
Value (1) |        | Dividends
Declared |   |      
| |  | ---- |  | ------- |  | --------------------- | ------ | ------------------ | - | -----
| |  | 2000 |  | 4th     |  | $                     | 323.17 |                    | $ | 17.50
| |  |      |  | 3rd     |  |                       | 328.62 |                    |   | 7.50 
| |  |      |  | 2nd     |  |                       | 321.59 |                    |   | 7.50 
| |  |      |  | 1st     |  |                       | 317.45 |                    |   | 7.00 
| |  | 1999 |  | 4th     |  | $                     | 313.61 |                    | $ | 17.00
| |  |      |  | 3rd     |  |                       | 323.29 |                    |   | 7.00 
| |  |      |  | 2nd     |  |                       | 320.48 |                    |   | 7.00 
| |  |      |  | 1st     |  |                       | 319.50 |                    |   | 6.50 

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The dividend declared in the 4th quarter of 2000 included a special $10.00 per share dividend payable on January 2, 2001 to shareholders of
record as of December 15, 2000. Similarly, the dividend declared in the 4th quarter of 1999 included a special $10.00 per share dividend payable on January 3, 2000 to shareholders of record as of
December 15, 1999.

Business Review

As of December 31, 2000, the Company had total assets of approximately $1.43 billion and operated 30 full service branches as well as 8 limited service
branches throughout DuPage, Kane, Kendall and Will Counties. The Bank focuses on providing retail and commercial banking products and services in its markets. The Company had 527 full-time equivalent
employees at December 31, 2000.

[WSB LOGO]

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Review of Operations

West Suburban Bank continued to strengthen its position as one of the few remaining locally owned and managed financial institutions serving the western
suburbs. Our knowledge of our market and considerable resources enable us to offer the highest level of service to our customers.

We
continued to grow strategically by establishing additional facilities in the markets that we presently serve as well as by expanding into new markets. During 2000, we opened three
new facilities. In January, we opened a full service location in Romeoville at 505 North Weber Road. We established a second location in St. Charles at 3000 East Main Street, near the Charlestowne
Mall, in April. We also expanded our presence in Downers Grove in September, opening a second full service location at 5330 South Main Street. We expect to see similar growth during 2001, with plans
to open new facilities in Oswego and in South Elgin.

In
addition to expanding our physical locations, we also continued to make banking more convenient for our customers by enhancing our information technology infrastructure in 2000. We
installed a new and versatile automated teller system, EZTeller32, at all of our banking facilities. The simplicity of operation of our new EZTeller32 improved customer
satisfaction by reducing transaction time and providing a complete itemized receipt of transactions for our customers' records.

We
also installed a new account processing application at all of our facilities. This system works in conjunction with the Premier II system we currently use. It enables our personal
bankers to perform the vast majority of account opening procedures for all of our products and services. This new system includes standardized forms and product information and provides personal
bankers the ability to customize, view and order Deluxe products, such as checks, withdrawal slips and endorsement stamps online. The system has also improved our customer service capabilities by
decreasing the amount of time spent opening new accounts and servicing existing accounts.

In
March, we enhanced our line of electronic banking services with the introduction of online banking. This service enables customers to do virtually all their banking anytime, 24
hours a day, 7 days a week, by accessing their accounts from anywhere with a personal computer and modem. Online banking allows customers to check balances, confirm transactions, review account
history and statements, transfer funds, pay bills, order checks, stop payments on checks and more.

We
feel our responsibility extends beyond our immediate customer base and into the communities we serve. As in the past, we have expressed this on the institutional and individual
levels.

We
look with optimism to 2001 and the opportunities it will present to us in our position as the leading independent locally owned and managed financial institution in our markets. We
plan to further develop our existing market area, as well as pursue new market areas in which to offer the service and market-leading products that have made West Suburban Bank a success for our
customers and shareholders alike.

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[CROWE CHIZEK LOGO]

REPORT OF INDEPENDENT AUDITORS

Board
of Directors and Shareholders
West Suburban Bancorp, Inc.
Lombard, Illinois

We
have audited the consolidated balance sheets of West Suburban Bancorp, Inc. (the "Company") as of December 31, 2000 and 1999, and the related consolidated statements of income,
changes in shareholders' equity, and cash flows for the years then ended. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on
these financial statements based on our audit. The consolidated statements of income, changes in shareholders' equity, and cash flows of the Company for the year ended December 31, 1998 were audited
by other auditors whose report, dated January 29, 1999, expressed an unqualified opinion on those statements.

We
conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit
also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion.

In
our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of West Suburban Bancorp, Inc. at December 31,
2000 and 1999, and the results of its operations and cash flows for the years then ended in conformity with generally accepted accounting principles.

| |  | /s/ CROWE, CHIZEK AND COMPANY LLP
Crowe, Chizek and Company LLP
| |  | ---------------------------------------------------------------

Oak Brook, Illinois
February 10, 2001

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WEST SUBURBAN BANCORP, INC.  CONSOLIDATED BALANCE SHEETS  DECEMBER 31, 2000 AND 1999(Dollars in thousands)

|                                     |                                                                                                 | 2000                                                                      |                                            | 1999      |          
|------------------------------------ | ----------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------- | ------------------------------------------ | --------- | ---------
|Assets                               |                                                                                                 |                                                                           |                                            |           |          
|                                     | Cash and due from banks                                                                         |                                                                           | $                                          | 55,087    |          
|                                     | Federal funds sold                                                                              |                                                                           |                                            | 6,180     |          
|                                     | Commercial paper                                                                                |                                                                           |                                            |          |          
|                                     |                                                                                                 |                                                                           |                                            |           |          
|                                     |                                                                                                 | Total cash and cash equivalents                                           |                                            |           | 61,267   
|                                     | Securities                                                                                      |                                                                           |                                            |           |          
|                                     |                                                                                                 | Available for sale (amortized cost of $133,494 in 2000;
$167,068 in 1999) |                                            |           | 130,237  
|                                     |                                                                                                 | Held to maturity (fair value of $163,389 in 2000;
$170,637 in 1999)       |                                            |           | 163,980  
|                                     |                                                                                                 |                                                                           |                                            |           |          
|                                     |                                                                                                 |                                                                           | Total securities                           |           |          
|                                     | Loans, less allowance for loan losses of $11,399 in 2000; $10,759 in 1999                       |                                                                           |                                            | 1,016,140 |          
|                                     | Premises and equipment, net                                                                     |                                                                           |                                            | 39,896    |          
|                                     | Other real estate                                                                               |                                                                           |                                            | 1,940     |          
|                                     | Accrued interest and other assets                                                               |                                                                           |                                            | 18,498    |          
|                                     |                                                                                                 |                                                                           |                                            |           |          
|                                     |                                                                                                 |                                                                           | Total assets                               |           | $        
|                                     |                                                                                                 |                                                                           |                                            |           |          
|Liabilities and shareholders' equity |                                                                                                 |                                                                           |                                            |           |          
|                                     | Deposits                                                                                        |                                                                           |                                            |           |          
|                                     |                                                                                                 | Noninterest-bearing                                                       |                                            | $         | 136,494  
|                                     |                                                                                                 | Interest-bearing                                                          |                                            |           | 1,133,460
|                                     |                                                                                                 |                                                                           |                                            |           |          
|                                     |                                                                                                 |                                                                           | Total deposits                             |           |          
|                                     | Accrued interest and other liabilities                                                          |                                                                           |                                            | 22,236    |          
|                                     |                                                                                                 |                                                                           |                                            |           |          
|                                     |                                                                                                 |                                                                           | Total liabilities                          |           |          
|                                     | Common stock in ESOP subject to contingent repurchase obligation                                |                                                                           |                                            | 37,644    |          
|Shareholders' equity                 |                                                                                                 |                                                                           |                                            |           |          
|                                     | Common stock, no par value; 15,000,000 shares authorized;
432,495 shares issued and outstanding |                                                                           |                                            | 3,457     |          
|                                     | Surplus                                                                                         |                                                                           |                                            | 38,066    |          
|                                     | Retained earnings                                                                               |                                                                           |                                            | 100,208   |          
|                                     | Accumulated other comprehensive loss                                                            |                                                                           |                                            | (1,963    | )        
|                                     | Amount reclassified on ESOP shares                                                              |                                                                           |                                            | (37,644   | )        
|                                     |                                                                                                 |                                                                           |                                            |           |          
|                                     |                                                                                                 |                                                                           | Total shareholders' equity                 |           |          
|                                     |                                                                                                 |                                                                           |                                            |           |          
|                                     |                                                                                                 |                                                                           | Total liabilities and shareholders' equity |           | $        
|                                     |                                                                                                 |                                                                           |                                            |           |          

See accompanying notes to consolidated financial statements.

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WEST SUBURBAN BANCORP, INC.  CONSOLIDATED STATEMENTS OF INCOME  YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998(Dollars in thousands, except per share data)

|                                                    |                                                               | 2000                           |                           | 1999   |        | 1998    |       
|--------------------------------------------------- | ------------------------------------------------------------- | ------------------------------ | ------------------------- | ------ | ------ | ------- | ------
|Interest income                                     |                                                               |                                |                           |        |        |         |       
|                                                    | Loans, including fees                                         |                                | $                         | 82,442 |        | $       | 65,646
|                                                    | Securities                                                    |                                |                           |        |        |         |       
|                                                    |                                                               | Taxable                        |                           |        | 18,109 |         |       
|                                                    |                                                               | Exempt from federal income tax |                           |        | 1,462  |         |       
|                                                    | Federal funds sold                                            |                                |                           | 1,104  |        |         | 1,833 
|                                                    | Commercial paper                                              |                                |                           | 167    |        |         | 142   
|                                                    |                                                               |                                |                           |        |        |         |       
|                                                    |                                                               |                                | Total interest income     |        |        | 103,284 |       
|Interest expense                                    |                                                               |                                |                           |        |        |         |       
|                                                    | Deposits                                                      |                                |                           | 45,864 |        |         | 37,112
|                                                    | Other                                                         |                                |                           | 204    |        |         | 148   
|                                                    |                                                               |                                |                           |        |        |         |       
|                                                    |                                                               |                                | Total interest expense    |        |        | 46,068  |       
|                                                    |                                                               |                                |                           |        |        |         |       
|Net interest income                                 |                                                               |                                | 57,216                    |        |        | 52,545  |       
|Provision for loan losses                           |                                                               |                                | 1,500                     |        |        | 3,084   |       
|                                                    |                                                               |                                |                           |        |        |         |       
|Net interest income after provision for loan losses |                                                               |                                | 55,716                    |        |        | 49,461  |       
|Noninterest income                                  |                                                               |                                |                           |        |        |         |       
|                                                    | Service fees on deposit accounts                              |                                |                           | 3,513  |        |         | 3,467 
|                                                    | Net gain on sales of loans held for sale                      |                                |                           | 20     |        |         | 376   
|                                                    | Loan servicing fees                                           |                                |                           | 218    |        |         | 271   
|                                                    | Net realized gain on sales of securities available for sale   |                                |                           |       |        |         | 91    
|                                                    | Net gain on sales of other real estate                        |                                |                           | 59     |        |         | 59    
|                                                    | Litigation settlement                                         |                                |                           |       |        |         | 3,555 
|                                                    | Write-down of carrying value of securities available for sale |                                |                           |       |        |         |      
|                                                    | Other                                                         |                                |                           | 4,901  |        |         | 4,486 
|                                                    |                                                               |                                |                           |        |        |         |       
|                                                    |                                                               |                                | Total noninterest income  |        |        | 8,711   |       
|Noninterest expense                                 |                                                               |                                |                           |        |        |         |       
|                                                    | Salaries and employee benefits                                |                                |                           | 18,695 |        |         | 17,329
|                                                    | Occupancy                                                     |                                |                           | 3,640  |        |         | 3,359 
|                                                    | Furniture and equipment                                       |                                |                           | 4,309  |        |         | 4,556 
|                                                    | Other real estate                                             |                                |                           | 186    |        |         | 69    
|                                                    | Other                                                         |                                |                           | 7,299  |        |         | 7,354 
|                                                    |                                                               |                                |                           |        |        |         |       
|                                                    |                                                               |                                | Total noninterest expense |        |        | 34,129  |       
|                                                    |                                                               |                                |                           |        |        |         |       
|Income before income tax expense                    |                                                               |                                | 30,298                    |        |        | 29,099  |       
|Income tax expense                                  |                                                               |                                | 9,295                     |        |        | 9,054   |       
|                                                    |                                                               |                                |                           |        |        |         |       
|Net income                                          |                                                               | $                              | 21,003                    |        | $      | 20,045  |       
|                                                    |                                                               |                                |                           |        |        |         |       
|Earnings per share (432,495 shares outstanding)     |                                                               | $                              | 48.56                     |        | $      | 46.35   |       

See accompanying notes to consolidated financial statements.

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WEST SUBURBAN BANCORP, INC.  CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY  YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998(Dollars in thousands, except per share data)

|                                                                                                  |                                                         | Common
Stock
and
Surplus   |        | Retained
Earnings |   | Amount
Reclassified
on
ESOP Shares |        | Accumulated
Other
Compre-
hensive
Income
(Loss) |         | Total
Shareholders'
Equity |   | Common
Stock in
ESOP
Subject
to Contingent
Repurchase
Obligation
|------------------------------------------------------------------------------------------------- | ------------------------------------------------------- | -------------------------- | ------ | ----------------- | - | ---------------------------------- | ------ | ----------------------------------------------- | ------- | -------------------------- | - | ----------------------------------------------------------------
|Balance, January 1, 1998                                                                          |                                                         | $                          | 41,523 |                   | $ | 91,014                             |        | $                                               | (28,318 | )                          | $ | (184                                                            
|Comprehensive income                                                                              |                                                         |                            |        |                   |   |                                    |        |                                                 |         |                            |   |                                                                 
|                                                                                                  | Net income                                              |                            |        |                  |   |                                    | 16,178 |                                                 |         |                           |   |                                                                 
|                                                                                                  | Change in accumulated other comprehensive income (loss) |                            |        |                  |   |                                    |       |                                                 |         |                           |   |                                                                 
|                                                                                                  |                                                         |                            |        |                   |   |                                    |        |                                                 |         |                            |   |                                                                 
|                                                                                                  |                                                         | Total comprehensive income |        |                   |  |                                    |        |                                                |         |                            |  |                                                                 
|Cash dividends declared
$34.00 per share                                                         |                                                         |                            |       |                   |   | (14,705                            | )      |                                                 |        |                            |   |                                                                
|Reclassification due to change in fair value of stock subject to contingent repurchase obligation |                                                         |                            |       |                   |   |                                   |        |                                                 | (2,974  | )                          |   |                                                                
|Purchase of minority interest in subsidiaries                                                     |                                                         |                            |       |                   |   | (26                                | )      |                                                 |        |                            |   |                                                                
|                                                                                                  |                                                         |                            |        |                   |   |                                    |        |                                                 |         |                            |   |                                                                 
|Balance, December 31, 1998                                                                        |                                                         |                            | 41,523 |                   |   | 92,461                             |        |                                                 | (31,292 | )                          |   | 409                                                             
|Comprehensive income                                                                              |                                                         |                            |        |                   |   |                                    |        |                                                 |         |                            |   |                                                                 
|                                                                                                  | Net income                                              |                            |        |                  |   |                                    | 20,045 |                                                 |         |                           |   |                                                                 
|                                                                                                  | Change in accumulated other comprehensive income (loss) |                            |        |                  |   |                                    |       |                                                 |         |                           |   |                                                                 
|                                                                                                  |                                                         |                            |        |                   |   |                                    |        |                                                 |         |                            |   |                                                                 
|                                                                                                  |                                                         | Total comprehensive income |        |                   |  |                                    |        |                                                |         |                            |  |                                                                 
|Cash dividends declared
$37.50 per share                                                         |                                                         |                            |       |                   |   | (16,218                            | )      |                                                 |        |                            |   |                                                                
|Reclassification due to change in fair value of stock subject to contingent repurchase obligation |                                                         |                            |       |                   |   |                                   |        |                                                 | (2,804  | )                          |   |                                                                
|                                                                                                  |                                                         |                            |        |                   |   |                                    |        |                                                 |         |                            |   |                                                                 
|Balance, December 31, 1999                                                                        |                                                         |                            | 41,523 |                   |   | 96,288                             |        |                                                 | (34,096 | )                          |   | (2,178                                                          
|Comprehensive income                                                                              |                                                         |                            |        |                   |   |                                    |        |                                                 |         |                            |   |                                                                 
|                                                                                                  | Net income                                              |                            |        |                  |   |                                    | 21,003 |                                                 |         |                           |   |                                                                 
|                                                                                                  | Change in accumulated other comprehensive income (loss) |                            |        |                  |   |                                    |       |                                                 |         |                           |   |                                                                 
|                                                                                                  |                                                         |                            |        |                   |   |                                    |        |                                                 |         |                            |   |                                                                 
|                                                                                                  |                                                         | Total comprehensive income |        |                   |  |                                    |        |                                                |         |                            |  |                                                                 
|Cash dividends declared
$39.50 per share                                                         |                                                         |                            |       |                   |   | (17,083                            | )      |                                                 |        |                            |   |                                                                
|Reclassification due to change in fair value of stock subject to contingent repurchase obligation |                                                         |                            |       |                   |   |                                   |        |                                                 | (3,548  | )                          |   |                                                                
|                                                                                                  |                                                         |                            |        |                   |   |                                    |        |                                                 |         |                            |   |                                                                 
|Balance, December 31, 2000                                                                        |                                                         | $                          | 41,523 |                   | $ | 100,208                            |        | $                                               | (37,644 | )                          | $ | (1,963                                                          
|                                                                                                  |                                                         |                            |        |                   |   |                                    |        |                                                 |         |                            |   |                                                                 

See accompanying notes to consolidated financial statements.

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WEST SUBURBAN BANCORP, INC.  CONSOLIDATED STATEMENTS OF CASH FLOWS  YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998(Dollars in thousands)

|                                                     |                                                                                  | 2000                                                          |                                                     | 1999     |         | 1998     |        
|---------------------------------------------------- | -------------------------------------------------------------------------------- | ------------------------------------------------------------- | --------------------------------------------------- | -------- | ------- | -------- | -------
|Cash flows from operating activities                 |                                                                                  |                                                               |                                                     |          |         |          |        
|                                                     | Net income                                                                       |                                                               | $                                                   | 21,003   |         | $        | 20,045 
|                                                     | Adjustments to reconcile net income to net cash provided
by operating activities |                                                               |                                                     |          |         |          |        
|                                                     |                                                                                  | Depreciation                                                  |                                                     |          | 3,856   |          |        
|                                                     |                                                                                  | Provision for loan losses                                     |                                                     |          | 1,500   |          |        
|                                                     |                                                                                  | Deferred income tax benefit                                   |                                                     |          | (406    | )        |        
|                                                     |                                                                                  | Net premium amortization and discount accretion of securities |                                                     |          | 12      |          |        
|                                                     |                                                                                  | Net realized gain on sales of securities available for sale   |                                                     |          |        |          |        
|                                                     |                                                                                  | Write-down of carrying value of securities available for sale |                                                     |          |        |          |        
|                                                     |                                                                                  | Federal Home Loan Bank stock dividends                        |                                                     |          | (218    | )        |        
|                                                     |                                                                                  | Net gain on sales of loans held for sale                      |                                                     |          | (20     | )        |        
|                                                     |                                                                                  | Proceeds from sales of loans held for sale                    |                                                     |          | 358     |          |        
|                                                     |                                                                                  | Origination of loans held for sale                            |                                                     |          | (160    | )        |        
|                                                     |                                                                                  | Net (gain) loss on sales of premises and equipment            |                                                     |          | (29     | )        |        
|                                                     |                                                                                  | Net gain on sales of other real estate                        |                                                     |          | (59     | )        |        
|                                                     |                                                                                  | Decrease in accrued interest and other assets                 |                                                     |          | 15      |          |        
|                                                     |                                                                                  | Increase (decrease) in accrued interest and other liabilities |                                                     |          | 3,845   |          |        
|                                                     |                                                                                  |                                                               |                                                     |          |         |          |        
|                                                     |                                                                                  |                                                               | Net cash provided by operating activities           |          |         | 29,697   |        
|Cash flows from investing activities                 |                                                                                  |                                                               |                                                     |          |         |          |        
|                                                     | Securities available for sale                                                    |                                                               |                                                     |          |         |          |        
|                                                     |                                                                                  | Proceeds from sales                                           |                                                     |          |        |          |        
|                                                     |                                                                                  | Proceeds from maturities and calls                            |                                                     |          | 52,600  |          |        
|                                                     |                                                                                  | Purchases                                                     |                                                     |          | (19,178 | )        |        
|                                                     | Securities held to maturity                                                      |                                                               |                                                     |          |         |          |        
|                                                     |                                                                                  | Proceeds from maturities and calls                            |                                                     |          | 11,729  |          |        
|                                                     |                                                                                  | Purchases                                                     |                                                     |          | (976    | )        |        
|                                                     | Purchase of minority interest in subsidiaries                                    |                                                               |                                                     |         |         |          |       
|                                                     | Net increase in loans                                                            |                                                               |                                                     | (172,213 | )       |          | (83,547
|                                                     | Purchases of premises and equipment                                              |                                                               |                                                     | (8,046   | )       |          | (6,329 
|                                                     | Proceeds from sales of premises and equipment                                    |                                                               |                                                     | 32       |         |          | 106    
|                                                     | Proceeds from sales of other real estate                                         |                                                               |                                                     | 1,708    |         |          | 1,304  
|                                                     |                                                                                  |                                                               |                                                     |          |         |          |        
|                                                     |                                                                                  |                                                               | Net cash (used in) provided by investing activities |          |         | (134,344 | )      
|Cash flows from financing activities                 |                                                                                  |                                                               |                                                     |          |         |          |        
|                                                     | Net increase in deposits                                                         |                                                               |                                                     | 15,699   |         |          | 98,303 
|                                                     | Dividends paid                                                                   |                                                               |                                                     | (16,867  | )       |          | (16,002
|                                                     |                                                                                  |                                                               |                                                     |          |         |          |        
|                                                     |                                                                                  |                                                               | Net cash (used in) provided by financing activities |          |         | (1,168   | )      
|Net (decrease) increase in cash and cash equivalents |                                                                                  |                                                               | (105,815                                            | )        |         | 60,219   |        
|Beginning cash and cash equivalents                  |                                                                                  |                                                               | 167,082                                             |          |         | 106,863  |        
|                                                     |                                                                                  |                                                               |                                                     |          |         |          |        
|Ending cash and cash equivalents                     |                                                                                  | $                                                             | 61,267                                              |          | $       | 167,082  |        
|                                                     |                                                                                  |                                                               |                                                     |          |         |          |        
|Supplemental disclosures                             |                                                                                  |                                                               |                                                     |          |         |          |        
|                                                     | Cash paid for                                                                    |                                                               |                                                     |          |         |          |        
|                                                     |                                                                                  | Interest                                                      |                                                     | $        | 42,036  |          | $      
|                                                     |                                                                                  | Income taxes                                                  |                                                     |          | 10,043  |          |        
|                                                     | Other real estate acquired through loan foreclosure                              |                                                               |                                                     | 101      |         |          | 2,991  

See accompanying notes to consolidated financial statements.

33

---



WEST SUBURBAN BANCORP, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Dollars in thousands)

Note 1Nature of Business and Summary of Significant Accounting Policies

West Suburban Bancorp, Inc. ("West Suburban") through the branch network of its subsidiary, West Suburban Bank (the "Bank," and together with West Suburban the
"Company"), provides financial and other banking services to customers located primarily in the western suburbs of Chicago. Customers in these areas are the primary users of the Company's loan and
deposit services. The Company's loans are generally secured by various forms of collateral including real estate, business assets, consumer property and other items, although borrower cash flow is
expected to be the primary source of repayment.

While
the Company's principal decision makers monitor the revenue streams of the various products and services, operations are managed and financial performance is evaluated on a
Company-wide basis. Accordingly, all of the Company's banking operations are considered by management to be aggregated in one reportable operating segment.

Principles of ConsolidationThe consolidated financial statements include the accounts of West Suburban and the Bank. Significant intercompany accounts and transactions have been
eliminated.

Use of EstimatesThe preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions
that affect the reported amounts of assets and liabilities, including the allowance for loan losses, fair values of financial instruments and disclosure of contingent assets and liabilities at the
date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.

SecuritiesDebt and marketable equity securities are classified into two categories, "held to maturity" and "available for sale." Held to maturity securities are carried
at amortized cost as the Company has both the ability and positive intent to hold them to maturity. Securities not meeting these criteria are classified as available for sale. Available for sale
securities are carried at fair value with net unrealized gains and losses (net of tax) reported in accumulated other comprehensive income as a separate component of shareholders' equity. Interest
income includes amortization of purchase premium or accretion of purchase discount. Gains or losses on disposition are based on the net proceeds and the adjusted carrying amount of the specific
securities sold. Any decline in the carrying values of securities which is deemed to be other than temporary is charged against current earnings. The Company does not engage in trading activities.

Loans and Allowance for Loan LossesLoans that management has the intent and ability to hold for the foreseeable future or until maturity or payoff are reported at the principal balance
outstanding, net of unearned interest, deferred loan fees and costs, and an allowance for loan losses. Interest income is reported on the accrual method and includes amortization of net deferred loan
fees and costs over the loan term. Accrual of interest is generally discontinued on a loan 90 days past due or when management believes, after

34

---

considering economic and business conditions and collection efforts, that the borrower's financial condition is such that collection of principal or interest is doubtful. In some circumstances, a loan
more than 90 days past due can remain on accrual if it is fully secured and in the process of collection. When a loan is placed on nonaccrual, interest earned but not collected is charged back to
interest income. When payments are received on nonaccrual loans they are first applied to principal, then to interest income and finally to expenses incurred for collection.

The
allowance for loan losses is a valuation allowance for probable loan losses. The allowance is increased by a provision for loan losses charged to earnings. Loan losses are charged
against the allowance when management believes the uncollectibility of a loan balance is confirmed. Subsequent recoveries, if any, are credited to the allowance. The allowance for loan losses is
evaluated quarterly based on management's periodic review of loan collectibility in light of historical loan loss experience, the nature and volume of the loan portfolio, adverse situations that may
affect the borrower's ability to
repay, estimated value of any underlying collateral and prevailing economic conditions. Allocations of the allowance may be made for specific loans, but the entire allowance is available for any loan
that, in management's judgment, should be charged-off. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes
available or as future events change.

The
Company reviews commercial, real estate construction and non-residential mortgage loans quarterly to determine impairment, if any. Impairment is measured based on the present
value of expected future cash flows discounted at the loan's effective interest rate, the loan's observable market price, or the fair value of the loan's collateral, if repayment of the loan is
collateral dependent. A valuation allowance is maintained for the amount of impairment. Generally, loans 90 days or more past due and all loans on a nonaccrual basis are considered for impairment.
Impairment is considered in total for smaller-balance loans of similar nature, such as residential real estate and consumer loans, and on an individual basis for other loans.

Loans Held for SaleLoans are identified as either held for investment or held for sale upon origination. Loans held for sale are recorded at the lower of amortized cost
or market
value, determined on an aggregate basis. Unrealized losses, if any, are recognized on a current basis by charges to earnings. At December 31, 2000 and 1999, the cost and market value of loans held for
sale were approximately the same.

Premises and EquipmentLand is carried at cost. Premises and equipment are stated at cost less accumulated depreciation. Depreciation is generally computed on the
straight-line
method over the estimated useful lives of the assets.

Other Real EstateOther real estate includes properties acquired in partial or total settlement of problem loans. The properties are recorded at the lower of cost or fair
value
less estimated selling costs at the date acquired. Losses recognized at the time of acquisition of such properties are charged to the allowance for loan losses. Any subsequent decline in value is
charged to current operations. The revenue received from, and expenses incurred in maintaining, such properties are also included in current operations.

35

---

IntangiblesThe Company accounted for the acquisition of a savings association in 1990 using the purchase method of accounting. Related intangibles are being amortized
over 15 years on the straight-line method and are included with accrued interest and other assets in the balance sheet. The Company incurred $3,055 of goodwill as a result of the acquisition. The
remaining unamortized goodwill was $916 and $1,120 as of December 31, 2000 and 1999, respectively.

Long-term AssetsPremises and equipment and other long-term assets are reviewed for impairment when events indicate their carrying amount may not be recoverable from
future
undiscounted cash flows. If impaired, the assets are recorded at discounted amounts.

Income TaxesIncome tax expense is the sum of the current year income tax due or refundable and the change in deferred tax assets and liabilities. Deferred tax assets and
liabilities are the expected future tax consequences of temporary differences between the carrying amounts and the tax basis of assets and liabilities, computed using enacted tax rates. A valuation
allowance, if needed, reduces deferred tax assets to the amount expected to be realized.

Employee Stock Ownership Plan ("ESOP")The Bank maintains an ESOP which is a noncontributory tax qualified retirement plan covering substantially all full-time employees.
The Bank makes
contributions to the ESOP for the benefit of the participants. The ESOP is not leveraged and dividends declared on common shares owned by the ESOP are charged against retained earnings. Dividends paid
on ESOP shares are passed through to participants. Allocated ESOP shares are voted by the respective participants. For earnings per share purposes, common shares held by the ESOP are classified as
issued and outstanding. Because participants may require the Company to purchase their ESOP shares upon termination of their employment, the appraised fair value of all ESOP shares is reclassified
from shareholders' equity.

Earnings Per ShareEarnings per share is calculated on the basis of the daily weighted average number of shares outstanding. The Company has no securities that may have a
dilutive effect on its outstanding common stock.

Cash FlowsFor purposes of reporting cash flows, cash and cash equivalents include cash and due from banks, federal funds sold and commercial paper. Generally, federal
funds are sold for one-day periods. Maturities of commercial paper generally are less than 60 days.

Comprehensive IncomeComprehensive income includes net income and other comprehensive income. The Company's other comprehensive income consists of the changes in
unrealized gains
and losses on available for sale securities, net of reclassification adjustments and tax effects.

36

---

ReclassificationsCertain reclassifications have been made in prior years' financial statements to conform with the current year's presentation. The appraised fair value
of all
ESOP shares has been reclassified from shareholders' equity on the balance sheets and the statements of changes in shareholders' equity.

Note 2Securities

The amortized cost and fair value of securities available for sale are as follows at December 31:

2000Amortized
Cost

Gross
Unrealized
Gains

Gross
Unrealized
Losses

Fair ValueCorporate

$
97,390

$
199

$
(2,200
)
$
95,389U.S. government agencies and corporations


26,806


4


(415
)

26,395States and political subdivisions


908


5





913Total debt securities


125,104


208


(2,615
)

122,697Preferred stock and other equity securities


8,390





(850
)

7,540Total

$
133,494

$
208

$
(3,465
)
$
130,237


1999Amortized
Cost

Gross
Unrealized
Gains

Gross
Unrealized
Losses

Fair ValueCorporate

$
130,538

$
19

$
(1,586
)
$
128,971U.S. government agencies and corporations


26,809





(940
)

25,869U.S. Treasury


500








500States and political subdivisions


1,048


4


(2
)

1,050Total debt securities


158,895


23


(2,528
)

156,390Preferred stock and other equity securities


8,173





(1,110
)

7,063Total

$
167,068

$
23

$
(3,638
)
$
163,453


37

---

The
amortized cost and fair value of securities held to maturity are as follows at December 31:

2000Amortized
Cost

Gross
Unrealized
Gains

Gross
Unrealized
Losses

Fair ValueU.S. government agencies and corporations

$
135,490

$


$
(1,033
)
$
134,457States and political subdivisions


28,490


449


(7
)

28,932Total

$
163,980

$
449

$
(1,040
)
$
163,389


1999Amortized
Cost

Gross
Unrealized
Gains

Gross
Unrealized
Losses

Fair ValueU.S. government agencies and corporations

$
141,798

$


$
(3,748
)
$
138,050States and political subdivisions


32,577


173


(163
)

32,587Total

$
174,375

$
173

$
(3,911
)
$
170,637


The amortized cost and fair value of debt securities available for sale and held to maturity at December 31, 2000 by contractual maturity are as follows:

Available for Sale

Held to MaturityAmortized
Cost

Fair
Value

Amortized
Cost

Fair
ValueDue in 1 year or less

$
60,665

$
59,792

$
51,455

$
51,295Due after 1 year through 5 years


57,656


56,161


82,834


82,485Due after 5 years through 10 years


5,723


5,697


21,465


21,579Due after 10 years


1,060


1,047


8,226


8,030Total

$
125,104

$
122,697

$
163,980

$
163,389


Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties.
Approximately $45,700 of securities are callable in 2001. Most of these callable securities were issued by U.S. government agencies.

Sales
of securities available for sale were as follows:

2000

1999

1998Proceeds from sales

$


$
21,614

$
55,482Gross realized gains





97


558Gross realized losses





(6
)

(5
)


Securities with a carrying value of approximately $24,160 and $13,389 at December 31, 2000 and 1999, respectively, were pledged to secure public deposits, fiduciary activities and for
other purposes required or permitted by law.

The
Company holds two debt securities issued by FINOVA Group Inc. These securities are classified as available for sale. As of December 31, 2000, these two securities had an amortized
cost

38

---

basis of $2,033 and $1,974, a carrying value of $1,862 and $1,320, and maturity of February 2001 and February 2002, respectively. At the time the securities were acquired, each was rated investment
grade. However, during May 2000, the securities were downgraded below investment grade. Due to the uncertainties of the future collection of all the principal and interest due, management placed the
securities on the Company's watch list. Management will continue to monitor these securities to determine whether other than temporary impairment has occurred.

Note 3Loans

Major classifications of loans were as follows at December 31:

2000

1999Commercial

$
276,519

$
212,505Consumer


9,101


10,451Indirect automobile


100,847


81,782Real estateResidential


180,089


169,035Commercial


183,899


160,522Home equity


133,609


126,496Construction


129,316


79,526Held for sale


160


338VISAcredit card


12,037


12,960Other


1,962


2,850Total


1,027,539


856,465Allowance for loan losses


(11,399
)

(10,759
)Loans, net

$
1,016,140

$
845,706


The
Company makes commercial, personal and residential loans primarily to customers throughout the western suburbs of Chicago. Construction loans are generally made to customers
engaged in the development and construction of residential real estate projects within the Company's market area.

Loans
on which the accrual of interest has been discontinued amounted to $1,064, $3,544 and $14,979 at December 31, 2000, 1999 and 1998, respectively. Interest income on nonaccrual
loans was immaterial in 2000, 1999 and 1998.

39

---

Changes in the allowance for loan losses were as follows for the years ended December 31:

2000

1999

1998Balance, beginning of year

$
10,759

$
9,998

$
9,772Provision for loan losses


1,500


3,084


2,563Loans charged-off


(1,502
)

(2,586
)

(2,732
)Recoveries


642


263


395Balance, end of year

$
11,399

$
10,759

$
9,998


Impaired
loans as of December 31 are summarized as follows:

2000

1999

1998Year-end loans with no allocated allowance for loan losses

$
961

$
3,269

$
14,476Year-end loans with allocated allowance for loan losses


114


484


4,404Total

$
1,075

$
3,753

$
18,880Amount of the allowance for loan losses allocated to impaired loans at year-end

$
87

$
338

$
1,708Average of impaired loans during the year


2,749


7,244


21,855Interest income recognized during impairment


41


49


836


Nonperforming
loans were as follows at December 31:

Loans past due over 90 days still on accrual

$
491

$
1,184

$
3,621Nonaccrual loans


1,064


3,544


14,979Total

$
1,555

$
4,728

$
18,600


Mortgage
loans serviced for others are not included in the accompanying consolidated balance sheets. At December 31, 2000 and 1999, the Company was servicing loans for the
benefit of others with aggregate unpaid principal balances of $65,223 and $77,389, respectively. The Company generally sells mortgage loans with servicing released. Mortgage servicing rights are not
material.

Note 4Premises and Equipment

Major classifications of these assets are summarized as follows at December 31:

2000

1999Land

$
8,713

$
8,333Premises


35,780


31,751Furniture and equipment


35,288


31,768Total


79,781


71,852Less accumulated depreciation


(39,885
)

(36,143
)Premises and equipment, net

$
39,896

$
35,709


40

---

Note 5Deposits

The major categories of deposits are summarized as follows at December 31:

2000

1999Demand and other noninterest-bearing deposits

$
136,494

$
124,563NOW


236,889


213,754Money market checking


151,151


121,666Savings


277,565


297,141Time depositsLess than $100,000


351,166


318,959$100,000 and over


116,689


178,172Total

$
1,269,954

$
1,254,255


At
December 31, 2000, the scheduled maturities of time deposits were as follows:

| |  | 2001                |  | $ | 339,548 |  | 
| |  | ------------------- |  | - | ------- |  | 
| |  | 2002                |  |   | 98,556  |  | 
| |  | 2003                |  |   | 13,932  |  | 
| |  | 2004                |  |   | 4,302   |  | 
| |  | 2005 and thereafter |  |   | 11,517  |  | 
| |  |                     |  |   |         | 
| |  | Total               |  | $ | 467,855 |  | 
| |  |                     |  |   |         | 

Note 6Income Taxes

Income tax expense is as follows for the years ended December 31:

2000

1999

1998CurrentFederal

$
8,322

$
8,232

$
6,525State


1,379


1,341


841Deferred


(406
)

(519
)

(243
)Total

$
9,295

$
9,054

$
7,123


A
reconciliation between taxes computed at the statutory federal income tax rate and the consolidated effective tax rates follows:

2000

1999

1998Statutory federal income tax rate

35.0
%
35.0
%
35.0
%(Decrease) increase in taxes resulting fromTax-exempt income

(1.8
)
(2.1
)
(3.1
)State income taxes, net of federal tax benefit

2.8

2.8

2.3Dividends on ESOP shares

(3.3
)
(3.0
)
(2.2
)Other items, net

(2.0
)
(1.6
)
(1.4
)Effective tax rates

30.7
%
31.1
%
30.6
%


41

---

The
temporary differences which created deferred tax assets and liabilities at December 31 are summarized below:

2000

1999Deferred tax assetsAllowance for loan losses

$
4,439

$
4,066Deferred compensation


1,276


1,348Unrealized loss on securities available for sale


1,294


1,437Total deferred tax assets


7,009


6,851Deferred tax liabilitiesDepreciation


486


662Other


247


176Total deferred tax liabilities


733


838Net deferred tax assets

$
6,276

$
6,013


Net
deferred tax assets are included in accrued interest and other assets. No valuation allowance was considered necessary for deferred tax assets.

Note 7Employee Benefit Plans

The Bank maintains the ESOP which is a noncontributory tax qualified retirement plan that covers employees who have satisfied specific service requirements.
The ESOP provides incentives to employees by granting participants an interest in the Company's common stock in which the ESOP primarily invests. An individual account is established for each
participant and the benefits payable upon retirement, termination, disability or death are based upon service, the amount of the employer's contributions and any income, expenses, gains or losses and
forfeitures allocated to the participant's account. Contributions are determined by the board of directors of the Bank, are paid by the Bank, and were $1,604 in 2000, $1,479 in 1999 and $1,387 in
1998.

At
December 31, 2000 and 1999, the ESOP held 75,289 and 72,085 shares of Company common stock, respectively, and substantially all shares held by the ESOP were allocated to the
accounts maintained for participants. Participants who elect to receive their benefit payments in the form of the Company common stock may require the Company to purchase the common stock distributed
at fair value during two 60-day periods, the first of which begins on the distribution date. The second purchase period begins on the first anniversary of the distribution date. This contingent
repurchase obligation is reflected in the Company's financial statements as "Common Stock in ESOP Subject to Contingent Repurchase Obligation" and reduces shareholders' equity by an amount that
represents the independently appraised fair value of all the Company common stock held by the ESOP, without regard to whether it is likely that the shares would be distributed or that the recipients
of the shares would be likely to exercise their right to require the Company to purchase the shares. At December 31, 2000 and 1999, this contingent repurchase obligation reduced shareholders' equity
by $37,644 and $34,096, respectively. During 2000 and 1999, the ESOP distributed $469 and $484 in cash representing the interests of former employees in 988 and 1,035 shares of Company common stock,
respectively. The Company believes that the ESOP will continue to have a sufficient amount of cash to distribute benefit payments to former employees and that the exercise of the right of former
employees to cause the Company to purchase Company common stock is unlikely.

42

---

The Company has deferred compensation agreements with certain former and current executive officers. The deferred compensation expense for the years ended December 31, 2000, 1999 and
1998 amounted to $143, $140 and $140, respectively.

Note 8Financial Instruments with Off-Balance-Sheet Risk

The Company is a party to off-balance-sheet financial instruments to meet the financing needs of its customers. These financial instruments include commitments
to extend credit and standby letters of credit. These financial instruments involve, to varying degrees, elements of credit and interest rate risks. The contractual amounts of those instruments
reflect the extent of involvement the Company has in particular classes of financial instruments.

The
Company's exposure to credit risk in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit is
the contractual amount of those instruments. The Company uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. The Company
generally requires collateral or other security to support financial instruments with credit risk. A summary of the contractual exposure to off-balance-sheet risk as of December 31 is as
follows:

2000

1999Financial instruments whose contractual amounts represent credit risksCommitments to extend credit

$
464,384

$
368,768Letters of credit


21,563


14,766Total

$
485,947

$
383,534


Commitments
to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. These commitments are primarily unused
lines of credit, undrawn portions of construction loans and commitments to make new loans. Commitments generally have fixed expiration dates or other termination provisions and may require the payment
of a fee. Since many of the commitments are expected to expire without being exercised, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each
customer's creditworthiness on a case-by-case basis. The amount of collateral obtained, if deemed necessary by the Company, is based on management's credit evaluation of the customer. Collateral held
varies and may include accounts receivable, inventory, property and equipment or commercial or residential properties.

Letters
of credit are conditional commitments issued by the Company to either extend credit to a customer or guarantee the performance of a customer to a third party. Guarantees of
performance are primarily issued to support public and private borrowing arrangements. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan
facilities to customers. The Company holds collateral supporting those commitments for which collateral is deemed necessary. The extent and nature of collateral held for those commitments varies.

Note 9Commitments and Contingent Liabilities

The Company is a party to various legal actions arising from normal business activities. Management believes that pending actions are either without merit or
that the ultimate liability, if any, resulting from them will not materially affect the Company's consolidated financial position or results of operations.

43

---

In accordance with the regulations of the Board of Governors of the Federal Reserve System, the Bank must maintain noninterest-earning reserves as vault cash or deposits with the
Federal Reserve Bank of Chicago. At December 31, 2000, the required reserves were approximately $13,110.

Note 10Fair Value of Financial Instruments

The methods and assumptions used to estimate fair values of financial instruments are described as follows. For short-term assets (i.e., cash and due from
banks, federal funds sold and commercial paper) their estimated fair values approximate their carrying values. For loans and deposits with variable interest rates, it has been assumed that their
estimated fair values approximate their carrying values.
Because of their short-terms, the carrying value amount of accrued interest receivable and payable approximate their fair value.

The
fair values for securities were derived from quoted market values, or, when quotes were not available, the fair value was estimated based on the rate and term of the security and
information about the issuer. The fair values for fixed rate loans were estimated by discounting the future cash flows from loan repayments using current interest rates for loans having comparable
maturities and credit risk. The fair values for time deposits were estimated by discounting cash flows at discount rates comparable to current market rates for similar maturing liabilities.

Off-balance-sheet
financial instruments are primarily comprised of unfunded loan commitments which are generally priced at market at the time of funding. The estimated fair value of
off-balance-sheet financial instruments is not considered material.

While
these estimates of fair value are based on management's judgment of the most appropriate factors as of the balance sheet date, there is no assurance that the estimated fair
values would have been realized if the assets would have been disposed of or the liabilities settled at that date, since market values may differ depending on various circumstances. The estimated fair
values would also not apply to subsequent dates.

The
estimated fair values of the Company's financial instruments as of December 31 are set forth in the table below:

2000

1999Carrying Value

Estimated Fair Value

Carrying Value

Estimated Fair ValueFinancial assetsCash and cash equivalents

$
61,267

$
61,267

$
167,082

$
167,082SecuritiesAvailable for sale


130,237


130,237


163,453


163,453Held to maturity


163,980


163,389


174,375


170,637Loans, less allowance for loan losses


1,016,140


1,024,195


845,706


842,121Accrued interest


9,655


9,655


9,059


9,059Financial liabilitiesDeposits


1,269,954


1,272,978


1,254,255


1,254,804Accrued interest


8,579


8,579


4,547


4,547


44

---

Note 11Related Party Transactions

Certain directors and officers of the Company, and some of the corporations and firms with which these individuals are associated, are customers of the Bank in
the ordinary course of business. Loans to them do not involve more than the normal risk of collectibility and were made on substantially the same terms, including interest rates and collateral
provided, as those prevailing for comparable loans in transactions with others.

Certain
officers and directors of the Company, their affiliates and companies in which they have 10% or more beneficial ownership, have loans totaling $38,116 and $25,908 at December
31, 2000 and 1999, respectively. During 2000, $33,337 in new loans and $21,129 in loan payments were made. Similarly, related parties had deposits totaling $17,677 and $13,416 at December 31, 2000 and
1999, respectively.

Note 12Capital Requirements

West Suburban and the Bank are subject to various regulatory capital requirements administered by federal banking agencies. Failure to meet minimum capital
requirements may result in the initiation of actions by regulators that could have direct material effects on the financial statements. Under capital adequacy guidelines and the regulatory framework
for prompt corrective action, each entity must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance-sheet items as calculated under
regulatory accounting practices. Capital amounts and classifications are also subject to qualitative judgements by the regulators about components, risk weightings and other factors.

Regulations
require West Suburban and the Bank to maintain minimum capital amounts and ratios (set forth in the table below). Management believes that as of December 31, 2000,
West Suburban and the Bank exceeded all capital adequacy requirements.

Management's
present policy is to limit dividends from the Bank, so that the Bank qualifies as a "well-capitalized" institution as defined by the Federal Deposit Insurance Corporation
Improvement Act of 1991, thereby minimizing the amount of Federal Deposit Insurance Corporation ("FDIC") insurance premiums paid by the Bank and providing capital to fund growth. As of
December 31, 2000, the Bank could pay, in the aggregate, dividends of approximately $8,800 to West Suburban while remaining a "well-capitalized" institution. Dividends from the Bank are West
Suburban's primary source of cash flow.

As
of December 31, 2000 and 1999, the most recent notifications from the FDIC categorized the Bank as "well capitalized" under the regulatory framework for prompt corrective
action. To be categorized as "well-capitalized" the Bank must maintain minimum ratios for total capital to risk weighted assets, Tier 1 capital to risk weighted assets and Tier 1 capital
to average assets as set forth in the table. There are no conditions or events since that notification that management believes would

45

---

result in a change of the category. The capital amounts and ratios of West Suburban and the Bank are presented in the tables below:

|                        |                                          | Actual                      |  | For Capital
Adequacy
Purposes |         | To Be Well
Capitalized |     
|----------------------- | ---------------------------------------- | --------------------------- |  | ----------------------------- | ------- | ---------------------- | ----
|
|As of December 31, 2000 |                                          |                             |  |                               |         |                        |     
|                        | Total capital (to risk weighted assets)  |                             |  |                               |         |                        |     
|                        |                                          | West Suburban Bancorp, Inc. |  | $                             | 151,364 |                        | 11.7
|                        |                                          | West Suburban Bank          |  |                               | 132,036 |                        | 10.7
|                        | Tier 1 capital (to risk weighted assets) |                             |  |                               |         |                        |     
|                        |                                          | West Suburban Bancorp, Inc. |  |                               | 139,965 |                        | 10.8
|                        |                                          | West Suburban Bank          |  |                               | 120,637 |                        | 9.8 
|                        | Tier 1 capital (to average assets)       |                             |  |                               |         |                        |     
|                        |                                          | West Suburban Bancorp, Inc. |  |                               | 139,965 |                        | 10.0
|                        |                                          | West Suburban Bank          |  |                               | 120,637 |                        | 8.8 
|As of December 31, 1999 |                                          |                             |  |                               |         |                        |     
|                        | Total capital (to risk weighted assets)  |                             |  |                               |         |                        |     
|                        |                                          | West Suburban Bancorp, Inc. |  | $                             | 146,340 |                        | 12.3
|                        |                                          | West Suburban Bank          |  |                               | 132,280 |                        | 11.2
|                        | Tier 1 capital (to risk weighted assets) |                             |  |                               |         |                        |     
|                        |                                          | West Suburban Bancorp, Inc. |  |                               | 135,581 |                        | 11.4
|                        |                                          | West Suburban Bank          |  |                               | 121,521 |                        | 10.3
|                        | Tier 1 capital (to average assets)       |                             |  |                               |         |                        |     
|                        |                                          | West Suburban Bancorp, Inc. |  |                               | 135,581 |                        | 10.1
|                        |                                          | West Suburban Bank          |  |                               | 121,521 |                        | 9.0 

The
appraised fair value of Company common stock owned by the ESOP is included in Tier 1 capital.

Note 13Other Comprehensive Income

Other comprehensive income components and related taxes were as follows:

|                                                                   |                                   | 2000 |      | 1999 |   | 1998   |       
|------------------------------------------------------------------ | --------------------------------- | ---- | ---- | ---- | - | ------ | ------
|Unrealized holding gains (losses) on available for sale securities |                                   | $    | 358  |      | $ | (4,201 | )     
|Reclassification adjustments for gains later recognized in income  |                                   |      |     |      |   | (91    | )     
|Tax effect                                                         |                                   |      | (143 | )    |   | 1,705  |       
|                                                                   |                                   |      |      |      |   |        |       
|                                                                   | Other comprehensive income (loss) |      | $    | 215  |   | $      | (2,587
|                                                                   |                                   |      |      |      |   |        |       

46

---



Note 14New Accounting Pronouncements

Beginning January 1, 2001, a new accounting standard will require all derivatives to be recorded at fair value. Unless designated as hedges, changes in
these fair values will be recorded in the income statement. Fair value changes involving hedges will generally be recorded by offsetting gains and losses on the hedge and the hedged item, even if the
fair value of the hedged item is not otherwise recorded. The Company has not been involved in any futures contracts, forward commitments, interest rate swaps or option contracts. Accordingly, the
adoption of this standard on January 1, 2001 did not have any effect on the Company's financial statements.

Note 15Condensed Financial InformationParent Only

Condensed Balance Sheets  December 31, 2000 and 1999

|                                     |                                                                  | 2000                                       |   | 1999   
|------------------------------------ | ---------------------------------------------------------------- | ------------------------------------------ | - | -------
|Assets                               |                                                                  |                                            |   |        
|                                     | Cash, substantially all on deposit in subsidiary                 |                                            | $ | 22,956 
|                                     | Securities available for sale (amortized cost of $4,004 in 2000) |                                            |   | 4,006  
|                                     | Investment in subsidiary                                         |                                            |   | 119,523
|                                     | Intangibles, net                                                 |                                            |   | 916    
|                                     | Other assets                                                     |                                            |   | 28     
|                                     |                                                                  |                                            |   |        
|                                     |                                                                  | Total assets                               |   | $      
|                                     |                                                                  |                                            |   |        
|Liabilities and shareholders' equity |                                                                  |                                            |   |        
|                                     | Dividends payable                                                |                                            | $ | 7,569  
|                                     | Other liabilities                                                |                                            |   | 92     
|                                     |                                                                  |                                            |   |        
|                                     |                                                                  | Total liabilities                          |   |        
|                                     | Common stock in ESOP subject to contingent repurchase obligation |                                            |   | 37,644 
|                                     | Shareholders' equity                                             |                                            |   | 102,124
|                                     |                                                                  |                                            |   |        
|                                     |                                                                  | Total liabilities and shareholders' equity |   | $      
|                                     |                                                                  |                                            |   |        

47

---



Condensed Statements of Income  Years Ended December 31, 2000, 1999 and 1998

2000

1999

1998IncomeDividends from subsidiary

$
22,040

$
14,727

$
9,488Interest incomeDeposits in subsidiary


511


361


730Commercial paper


75





Securities


247


212


135Total income


22,873


15,300


10,353ExpenseAmortization of intangibles


204


204


204Other


320


427


593Total expense


524


631


797Income before income tax expense


22,349


14,669


9,556Income tax expense


202


57


107Income before equity in undistributed net income of subsidiary


22,147


14,612


9,449Equity in undistributed net income of subsidiary


(1,144
)

5,433


6,729Net income

$
21,003

$
20,045

$
16,178


Condensed Statements of Cash Flows  Years Ended December 31, 2000, 1999 and 1998

2000

1999

1998Cash flows from operating activitiesNet income

$
21,003

$
20,045

$
16,178Adjustments to reconcile net income to net cash provided by operating activitiesEquity in undistributed net income of subsidiary


1,144


(5,433
)

(6,729
)Net premium amortization and discount accretion of securities


10





(135
)Amortization of intangibles


204


204


204(Increase) decrease in other assets


(12
)

107


(16
)Increase (decrease) in other liabilities


17


74


(22
)Net cash provided by operating activities


22,366


14,997


9,480Cash flows from investing activitiesSecurities available for saleProceeds from maturities





5,000


45,000Purchases of securities


(4,014
)

(5,000
)

(44,865
)Purchase of minority interest in subsidiaries








(26
)Net cash (used in) provided by investing activities


(4,014
)




109Cash flows from financing activitiesCash dividends paid


(16,867
)

(16,002
)

(9,731
)Net increase (decrease) in cash


1,485


(1,005
)

(142
)Beginning cash


21,471


22,476


22,618Ending cash

$
22,956

$
21,471

$
22,476


48

---

Note 16Quarterly Results of Operations (Unaudited)

The following table sets forth certain unaudited income, expense and per share data on a quarterly basis for the three-month periods indicated:

|                             |                                                     | Fourth
Quarter |        | Third
Quarter |   | Second
Quarter |        | First
Quarter
|---------------------------- | --------------------------------------------------- | -------------- | ------ | ------------- | - | -------------- | ------ | -------------
|
|Year Ended December 31, 2000 |                                                     |                |        |               |   |                |        |              
|Interest income              |                                                     | $              | 27,634 |               | $ | 26,762         |        | $            
|Interest expense             |                                                     |                | 12,621 |               |   | 12,159         |        |              
|                             |                                                     |                |        |               |   |                |        |              
|                             | Net interest income                                 |                |        | 15,013        |   |                | 14,603 |              
|Provision for loan losses    |                                                     |                | 375    |               |   | 375            |        |              
|                             |                                                     |                |        |               |   |                |        |              
|                             | Net interest income after provision for loan losses |                |        | 14,638        |   |                | 14,228 |              
|Noninterest income           |                                                     |                | 2,383  |               |   | 2,212          |        |              
|Noninterest expense          |                                                     |                | 9,271  |               |   | 8,055          |        |              
|                             |                                                     |                |        |               |   |                |        |              
|                             | Income before income tax expense                    |                |        | 7,750         |   |                | 8,385  |              
|Income tax expense           |                                                     |                | 2,528  |               |   | 2,664          |        |              
|                             |                                                     |                |        |               |   |                |        |              
|Net income                   |                                                     | $              | 5,222  |               | $ | 5,721          |        | $            
|                             |                                                     |                |        |               |   |                |        |              
|Earnings per share           |                                                     | $              | 12.07  |               | $ | 13.23          |        | $            
|Year Ended December 31, 1999 |                                                     |                |        |               |   |                |        |              
|Interest income              |                                                     | $              | 23,319 |               | $ | 22,223         |        | $            
|Interest expense             |                                                     |                | 9,876  |               |   | 9,143          |        |              
|                             |                                                     |                |        |               |   |                |        |              
|                             | Net interest income                                 |                |        | 13,443        |   |                | 13,080 |              
|Provision for loan losses    |                                                     |                | 1,495  |               |   | 550            |        |              
|                             |                                                     |                |        |               |   |                |        |              
|                             | Net interest income after provision for loan losses |                |        | 11,948        |   |                | 12,530 |              
|Noninterest income           |                                                     |                | 2,158  |               |   | 2,116          |        |              
|Noninterest expense          |                                                     |                | 8,619  |               |   | 7,973          |        |              
|                             |                                                     |                |        |               |   |                |        |              
|                             | Income before income tax expense                    |                |        | 5,487         |   |                | 6,673  |              
|Income tax expense           |                                                     |                | 1,644  |               |   | 2,040          |        |              
|                             |                                                     |                |        |               |   |                |        |              
|Net income                   |                                                     | $              | 3,843  |               | $ | 4,633          |        | $            
|                             |                                                     |                |        |               |   |                |        |              
|Earnings per share           |                                                     | $              | 8.89   |               | $ | 10.71          |        | $            

Noninterest
expense increased $1,216 during the fourth quarter of 2000. During this period, employee expense increased $752. This was primarily due to the accrual of amounts necessary
to pay employee bonuses and expenses relating to the opening of the Downtown Downers branch and an increased ESOP contribution. Occupancy expense and equipment expense increased in the fourth quarter
$145 and $158, respectively, primarily due to increased depreciation as a result of the new teller system and the effects of the branch opening. Additionally, professional fees increased $100 during
the period.

The
provision for loan losses increased $945 during the fourth quarter of 1999 in order to replenish the allowance for loan losses after a charge-off of $1,120 was taken relating to a
commercial loan. The charge-off was taken after the Company received more current information concerning the financial strength of the borrower and the value of the collateral.

Noninterest
income during the first quarter of 1999 included non-recurring other income of $3,555 representing the settlement of a law suit brought by the Company in connection with
an investment that was made in the late 1980's.

49

---

SELECTED FINANCIAL DATA

The following table consists of financial data derived from the Consolidated Financial Statements of the Company. This information should be read together with
Management's Discussion and Analysis of Financial Condition and Results of Operations and the Company's Consolidated Financial Statements included elsewhere in this report (dollars in thousands,
except per share data).

|                               |                                                          | Years Ended December 31,                            |  
|------------------------------ | -------------------------------------------------------- | --------------------------------------------------- | -
|
|Selected operating data        |                                                          |                                                     |  
|                               | Interest income                                          |                                                     | $
|                               | Interest expense                                         |                                                     |  
|                               |                                                          |                                                     |  
|                               |                                                          | Net interest income                                 |  
|                               | Provision for loan losses                                |                                                     |  
|                               |                                                          |                                                     |  
|                               |                                                          | Net interest income after provision for loan losses |  
|                               | Noninterest income (1)                                   |                                                     |  
|                               | Noninterest expense                                      |                                                     |  
|                               |                                                          |                                                     |  
|                               |                                                          | Income before income tax expense                    |  
|                               | Income tax expense                                       |                                                     |  
|                               |                                                          |                                                     |  
|                               | Net income                                               |                                                     | $
|                               |                                                          |                                                     |  
|Per share data                 |                                                          |                                                     |  
|                               | Earnings                                                 |                                                     | $
|                               | Cash dividends declared                                  |                                                     |  
|                               | Book value (2)                                           |                                                     |  
|Selected balances, end of year |                                                          |                                                     |  
|                               | Securities                                               |                                                     | $
|                               | Net loans                                                |                                                     |  
|                               | Total assets                                             |                                                     |  
|                               | Deposits                                                 |                                                     |  
|                               | Shareholders' equity (3)                                 |                                                     |  
|Ratios                         |                                                          |                                                     |  
|                               | Return on average total assets                           |                                                     |  
|                               | Return on average shareholders' equity (3)               |                                                     |  
|                               | Cash dividends declared to net income                    |                                                     |  
|                               | Average shareholders' equity to average total assets (3) |                                                     |  
|                               | Net interest margin (4)                                  |                                                     |  

---

50

---



AVERAGE BALANCE SHEETS, NET INTEREST INCOME AND  AVERAGE RATES AND YIELDS ON A TAX EQUIVALENT BASIS(Dollars in thousands)

The
following table presents for the years indicated the total dollar amount of interest income from average interest-earning assets and the yields, as well as the interest expense on
average interest-bearing liabilities and the costs, expressed both in dollars and rates. All average balances are daily average balances. To the extent received, interest on nonaccruing loans has been
included in the table. Interest income on nonaccrual loans was immaterial in 2000, 1999 and 1998.

|                                     |                                        | Years Ended December 31,           |                                           
|------------------------------------ | -------------------------------------- | ---------------------------------- | ------------------------------------------
|
|
|Assets                               |                                        |                                    |                                           
|                                     | Federal funds sold                     |                                    | $                                         
|                                     | Commercial paper                       |                                    |                                           
|                                     | Securities                             |                                    |                                           
|                                     |                                        | Taxable                            |                                           
|                                     |                                        | Exempt from federal income tax (1) |                                           
|                                     |                                        |                                    |                                           
|                                     |                                        | Total securities (1)               |                                           
|                                     | Loans (1)                              |                                    |                                           
|                                     |                                        |                                    |                                           
|                                     |                                        | Total interest-earning assets (1)  |                                           
|                                     | Cash and due from banks                |                                    |                                           
|                                     | Premises and equipment, net            |                                    |                                           
|                                     | Other real estate                      |                                    |                                           
|                                     | Allowance for loan losses              |                                    |                                           
|                                     | Accrued interest and other assets (2)  |                                    |                                           
|                                     |                                        |                                    |                                           
|                                     |                                        |                                    | Total assets                              
|                                     |                                        |                                    |                                           
|Liabilities and shareholders' equity |                                        |                                    |                                           
|                                     | Interest-bearing deposits              |                                    |                                           
|                                     |                                        | NOW                                |                                           
|                                     |                                        | Money market checking              |                                           
|                                     |                                        | Savings                            |                                           
|                                     |                                        | Time deposits                      |                                           
|                                     |                                        |                                    | Less than $100,000                        
|                                     |                                        |                                    | $100,000 and over                         
|                                     |                                        |                                    |                                           
|                                     |                                        |                                    |                                           
|                                     | Other interest-bearing liabilities     |                                    |                                           
|                                     |                                        |                                    |                                           
|                                     |                                        |                                    | Total interest-bearing liabilities        
|                                     | Demand deposits                        |                                    |                                           
|                                     | Accrued interest and other liabilities |                                    |                                           
|                                     | Shareholders' equity (3)               |                                    |                                           
|                                     |                                        |                                    |                                           
|                                     |                                        |                                    | Total liabilities and shareholders' equity
|                                     |                                        |                                    |                                           
|                                     | Net interest income                    |                                    |                                           
|                                     |                                        |                                    |                                           
|                                     | Interest rate spread                   |                                    |                                           
|                                     |                                        |                                    |                                           
|                                     | Net interest margin                    |                                    |                                           

---

51

---

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION  AND RESULTS OF OPERATIONS

The following discussion and analysis provides information regarding the Company's financial condition as of December 31, 2000 and 1999 and results of
operations for the years ended December 31, 2000, 1999 and 1998. This discussion and analysis should be read with the financial statements, notes and tables included elsewhere in this annual report.
The financial information provided below is rounded in order to simplify the presentation of management's discussion and analysis. However, the ratios and percentages provided below are calculated
(adjusted for rounding) using the detailed financial information contained in the financial statements, notes and tables included elsewhere in this annual report.

Balance Sheet Analysis

Total Assets.Total assets of the Company increased $23.9 million (1.7%) to $1,432.0 million at
December 31, 2000 from $1,408.1 million at December 31, 1999. Increases in the loan portfolio were the largest component of the increase in total assets and were partially offset by decreases in cash
and cash equivalents and securities. Total average assets increased $58.8 million to $1,373.8 million at December 31, 2000 from $1,315.0 million December 31, 1999, primarily due to growth in average
total loans of $130.4 million partially offset by reductions in securities and federal funds sold. Asset growth was funded primarily by higher levels of deposits.

Cash and Cash Equivalents.Cash and cash equivalents decreased $105.8 million (63.3%) to $61.3
million at December 31, 2000 from $167.1 million at December 31, 1999. Reductions in short-term commercial paper and federal funds sold were the largest components of this decrease. This decrease
resulted from the redemption of an $83.0 million short-term time deposit in January 2000, and the use of cash equivalents to fund growth in the loan portfolio.

Securities.The Company's objectives in managing the securities portfolio include maximizing
yield over an entire interest rate cycle while providing liquidity. Securities decreased $43.6 million (12.9%) to $294.2 million at December 31, 2000 from $337.8 million at December 31, 1999. This
decrease was primarily due to the use of proceeds from maturing securities to fund growth in the loan portfolio.

Loans.Economic and demographic factors continued to be positive in the Company's market area
during 2000. This environment was conducive to the substantial loan growth achieved by the Company in 2000. Total loans outstanding increased $171.1 million (20.0%) to $1,027.5 million at
December 31, 2000. This increase was primarily due to growth in the commercial loan portfolio of $137.2 million (30.3%). The commercial loan portfolio consists of commercial, real estate
construction, and commercial real estate loans. In addition to the favorable economic and demographic environment, growth in the commercial loan portfolio was the result of opportunities that were
created when certain of the Company's competitors were acquired by larger organizations, as well as the success of the Company's customer and non-customer calling program. The Company believes the new
commercial loans were underwritten in a manner consistent with the Company's past loan underwriting standards and do not represent increased credit risk to the Company.

The
indirect automobile portfolio increased $19.1 million (23.3%) to $100.8 million at December 31, 2000. The Company continues to experience favorable results with low levels
of past due indirect automobile loans.

The
growth in residential mortgage lending was more moderate. Home equity loans increased $7.1 million (5.6%) to $133.6 million at December 31, 2000. Residential real estate
loans increased $11.1 million (6.5%) to $180.1 million at December 31, 2000.

52

---

Allowance for Loan Losses and Asset Quality.The Company's provision for loan losses is based
on management's quarterly evaluations of the adequacy of the allowance for loan losses. In these evaluations, management considers numerous factors including, but not limited to, historical loan loss
experience, the nature and volume of the loan portfolio, adverse situations that may affect the borrower's ability to repay, estimated value of any underlying collateral and prevailing economic
conditions. This evaluation is inherently subjective as it requires estimates that are susceptible to significant revision as more information becomes available or as future events change.

The
provision for loan losses decreased $1.6 million (51.4%) to $1.5 million in 2000 from $3.1 million in 1999. The Company's provision for loan losses was reflective of management's
evaluation of the loan portfolio within the context of the factors outlined above, including growth in the loan portfolio. The decrease was primarily the result of declining levels of nonperforming
loans and net loan charge-offs. Net loan charge-offs were $.9 million and $2.3 million for the years ended December 31, 2000 and 1999, respectively.

The
allowance for loan losses increased $.6 million to $11.4 million at December 31, 2000 from $10.8 million at December 31, 1999. The ratio of the allowance for loan
losses to total loans outstanding decreased to 1.11% at December 31, 2000 compared to 1.26% at December 31, 1999. Nonperforming loans decreased $3.1 million (67.1%) to $1.6 million at
December 31, 2000 from $4.7 million at December 31, 1999. The majority of the decrease in nonperforming loans was due to the reduction in the Company's exposure under a loan to a leasing
company along with reduced exposure on two other loans. The allowance for loan losses as of December 31, 2000 and 1999 was 733% and 228% of the level of nonperforming loans at December 31, 2000
and December 31, 1999, respectively.

The
following table is an analysis of the Company's nonperforming loans and other real estate at December 31 (dollars in thousands):

2000

1999Loans past due over 90 days still on accrual

$
491

$
1,184Nonaccrual loans


1,064


3,544Total nonperforming loans

$
1,555

$
4,728Nonperforming loans as a percent of total loans


.2
%

.6
%Other real estate

$
1,940

$
3,488


Other Real Estate.During 2000, other real estate decreased $1.6 million (44.4%) to $1.9
million at December 31, 2000 from $3.5 million at December 31, 1999. During 2000, the Company sold properties with an aggregate carrying value of $1.7 million and acquired properties through loan
foreclosure having a carrying value of $.1 million. Management will continue its efforts to reduce its holdings in other real estate.

Deposits.Total deposits increased $15.7 million (1.3%) to $1,270.0 million at December 31,
2000 from $1,254.3 million at December 31, 1999. This increase was due to an increase in all deposit components
with the exception of savings and time deposits $100,000 and over. Demand and other noninterest-bearing deposits increased $11.9 million. This increase was primarily due to increased in-clearings with
the end of the year falling on a weekend. Savings deposits decreased $19.5 million. This decrease was offset by increases in NOW and money market checking deposits of $23.1 million and $29.5 million,
respectively. Management believes the continued growth in money market checking deposits is a result of customer migration to this product because it pays a higher interest rate than traditional
savings and checking accounts. Time deposits less than $100,000 increased $32.2 million. Management believes this increase was primarily the result of increased promotional efforts. Time deposits
$100,000 and over decreased $61.5 million. This was primarily due to one $83.0 million short-term time deposit that the Company received in December 1999, which was withdrawn at its scheduled

53

---

maturity in January 2000. In order to retain current and attract new deposits, the Company plans to open new branches in South Elgin and Oswego, Illinois in the near future. During 2000, average
balances in interest-bearing deposits and noninterest-bearing deposits increased $45.5 million and $12.0 million, respectively.

Capital Resources

Shareholders' equity increased $.6 million (.6%) to $102.1 million at December 31, 2000, from $101.5 million at December 31, 1999. The change to shareholders'
equity resulted from $21.0 million of net income for the year, reduced by dividends declared of $17.1 million and an increase in the fair value of securities available for sale of $.2 million, net of
taxes. Additionally, shareholders' equity was reduced by a $3.5 million increase in the appraised fair value of common stock in ESOP subject to contingent repurchase obligation.

Management
has been advised that as of December 31, 2000 and 1999, the Bank qualified as a "well-capitalized" institution as defined by the Federal Deposit Insurance Corporation
Improvement Act of 1991, as amended. On a consolidated basis the Company exceeded regulatory capital requirements. In accordance with applicable regulations, the appraised fair value of Company common
stock owned by the ESOP is included in Tier 1 capital.

Liquidity

Effective liquidity management ensures there is sufficient cash flow to satisfy demand for credit, deposit withdrawals and to take advantage of earnings
enhancement opportunities. A large, stable core deposit base and strong capital position are the solid foundation for the Company's liquidity position. Liquidity
is enhanced by a securities portfolio structured to provide liquidity as needed. Additionally, the Company maintains lines of credit to purchase federal funds sold in the amount of $75 million from
other financial institutions as well as an additional line of credit of approximately $83 million at the Federal Home Loan Bank. The Company manages its liquidity position through continuous
monitoring of profitability trends, asset quality, interest rate sensitivity and maturity schedules of earning assets and liabilities.

Generally,
the Company uses cash and cash equivalents to meet its liquidity needs. These assets include federal funds sold, commercial paper and securities available for sale. As of
December 31, 2000 and 1999, liquid assets represented 13.4% and 23.5% of total assets, respectively.

During
2000, the Company's cash and cash equivalents decreased $105.8 million. Net cash flows from operating activities were $29.7 million, while net cash outflows from investing
activities and financing activities were $134.3 million and $1.2 million, respectively. The net cash outflows used in investing activities were primarily to fund loan growth. Cash flows from operating
activities have exceeded accrual basis net income for the past several years. Management expects operations to be a continuing source of cash flows in the future.

54

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Income Statement Analysis2000 Compared to 1999

General.The Company's net income of $21.0 million represented an increase of $1.0 million
(4.8%) from 1999 net income of $20.0 million. The increase in net income was primarily due to an increase in net interest income of $4.7 million in 2000 when compared to the same period in 1999 and a
decrease in the provision for loan losses of $1.6 million. These increases to net income were partially offset by a decrease in total noninterest income of $3.6 million and an increase in total
noninterest expense of $1.5 million.

Net Interest Income.Net interest income is the primary source of income for the Company. Net
interest income is the difference between interest income earned on earning assets and interest expense paid on interest-bearing liabilities. Net interest income is affected by changes in the volume
and yield on earning assets and the volume and rates paid on interest-bearing liabilities. Interest-earning assets consist of federal funds sold, commercial paper, securities and loans.
Interest-bearing liabilities primarily consist of deposits. The net interest margin is the percentage of tax equivalent net interest income to average earning assets. The Company's net interest margin
increased to 4.51% in 2000 compared to 4.37% in 1999.

Total
interest income, on a tax equivalent basis increased $13.4 million (14.8%) to $104.2 million in 2000 from $90.8 million in 1999. The increase was the result of increases of $7.0
million due to volume changes and $6.4 million due to rate changes. These increases primarily related to the loan portfolio. Average loans for the year increased 16.1% and the average yield earned on
the loan portfolio increased 66 basis points. The loan volume increases were partially offset by reductions in the average balances of securities and federal funds sold which were used to fund loan
growth. The yield on average interest-earning assets increased 68 basis points to 8.09% at December 31, 2000 compared to 7.41% in 1999. The increase in the yield on average earning assets during 2000
was due primarily to the generally higher level of interest rates in 2000 compared to 1999. For example, the average prime rate in 2000 was approximately 9.20% compared to 8.00% in 1999.

Total
interest expense increased $8.8 million (23.6%) to $46.1 million in 2000 from $37.3 million in 1999. Interest on deposits, which accounted for substantially all of this
increase, increased primarily due to increases in interest rates, which occurred during 2000. The cost of interest-bearing deposits increased 66 basis points to 4.22% in 2000 compared to 3.56% in
1999. Approximately $6.2 million of
the increase in interest expense on deposits was caused by higher rates paid. The remaining $2.6 million increase was caused by a 4.4% increase in volume of average interest-bearing deposits.

55

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The following table reflects the impact of changes in volume and rates of interest-earning assets and interest-bearing liabilities on a tax equivalent basis for of the years ended
December 31, 2000 and 1999 (dollars in thousands):

|                 |                                    | 2000 compared to 1999  |                     | 1999 compared to 1998 |      
|---------------- | ---------------------------------- | ---------------------- | ------------------- | --------------------- | -----
|
|
|Interest Income  |                                    |                        |                     |                       |      
|                 | Federal funds sold                 |                        | $                   | (1,216                | )    
|                 | Commercial paper                   |                        |                     | 7                     |      
|                 | Securities                         |                        |                     | (3,201                | )    
|                 | Loans                              |                        |                     | 11,452                |      
|                 |                                    |                        |                     |                       |      
|                 |                                    | Total interest income  |                     |                       | 7,042
|Interest Expense |                                    |                        |                     |                       |      
|                 | Interest-bearing deposits          |                        |                     | 2,578                 |      
|                 | Other interest-bearing liabilities |                        |                     | (23                   | )    
|                 |                                    |                        |                     |                       |      
|                 |                                    | Total interest expense |                     |                       | 2,555
|                 |                                    |                        |                     |                       |      
|                 |                                    |                        | Net interest income |                       | $    
|                 |                                    |                        |                     |                       |      

Noninterest Income.Total noninterest income decreased $3.6 million (29.2%) to $8.7 million in
2000 from $12.3 million in 1999. This was primarily due to non-recurring income of $3.6 million in the first quarter of 1999 representing the settlement of a lawsuit brought by the Company in
connection with an investment that it made in the late 1980's. During 2000, the Company also experienced decreases in gains on sales of loans held for sale of $.4 million as a result of its decision
to retain mortgages (which were originated at more attractive rates due to increased market rates) for its portfolio. These decreases were partially offset by increases in other non-interest income of
$.4 million primarily due to higher fee income from increased use of check cards by bank customers.

Noninterest Expense.Total noninterest expense increased $1.4 million (4.5%) to $34.1 million
for the year ended December 31, 2000 compared to $32.7 million in 1999. This increase was primarily the result of salary and employee benefits increasing $1.4 million partially due to the opening of
the Romeoville, Charlestowne, and Downtown Downers facilities. The Company's efficiency ratio, a measure of the amount of expense needed to generate each dollar of revenue, was approximately 52% and
53% in 2000 and 1999 respectively. The efficiency ratio for 1999 excludes the $3.6 million litigation settlement.

Provision for Loan Losses.The Company's provision for loan losses decreased $1.6 million
(51.4%) to $1.5 million in 2000 compared to $3.1 million in 1999. A more detailed discussion concerning the allowance for loan losses is presented in the Allowance for Loan Losses and Asset Quality
section of this report.

Income Taxes.Income tax expense increased $.2 million (2.7%) to $9.3 million in 2000 from $9.1
million in 1999. The increase was principally due to higher pre-tax income. The effective tax rates for the years ended December 31, 2000 and 1999 were 30.7% and 31.1%, respectively.

Income Statement Analysis1999 Compared to 1998

General.The Company's net income of $20.0 million represented an increase of $3.8 million
(23.9%) from 1998 net income of $16.2 million. The increase in net income was primarily due to an increase in noninterest income of $4.9 million in 1999 when compared to the same period in 1998 and

56

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an increase in net interest income of $2.9 million which were partially offset by increases in noninterest expense of $1.5 million and income tax expense of $1.9 million.

Net Interest Income.Total interest income, on a tax equivalent basis decreased $2.0 million
(2.2%) to $90.8 million in 1999 from $92.8 million in 1998. The decrease was the result of decreases of $5.3 million due to declining rates, which was partially offset by volume increases of $3.3
million. This decrease was primarily due to decreased yields on the Company's loan portfolio and lower yields and balances on U.S. government agency securities. Yields on total average loans decreased
primarily due to the volatility of interest rates in the market during 1999. Additionally, the Company experienced a high level of refinancing within its real estate portfolio during 1998 and a full
year's effect of these lower rates is reflected in the results for 1999. Yields on the Company's securities portfolio declined as new purchases were invested in lower yielding securities resulting
from the declining interest environment at the time the securities were purchased compared to a higher interest rate environment during the time the maturing securities were purchased. The Company's
net interest margin increased to 4.37% in 1999 compared to 4.24% in 1998.

Total
interest expense decreased $4.8 million (11.4%) to $37.3 million in 1999 from $42.1 million in 1998. Interest on deposits, which accounted for substantially all of this
decrease, declined due to
decreases in average rates not withstanding an increase of $17.3 million in average balances of interest-bearing deposits during the year ended December 31, 1999.

Noninterest Income.Total noninterest income increased $4.9 million (65.9%) to $12.3 million in
1999 from $7.4 million in 1998. This increase was primarily due to the receipt of litigation settlement proceeds in 1999 of $3.6 million relating to a claim arising from an investment that the Company
made during the late 1980's. This increase was partially offset by decreases in gains on sales of securities available for sale and loans held for sale of $.5 million and $.4 million, respectively.
Additionally, during 1999, gains on sales of other real estate decreased $.5 million and other income decreased $.6 million primarily due to reduced mortgage application fee income. During the third
quarter of 1998, the Company recognized a loss of $3.2 million representing the other-than-temporary impairment of the entire carrying value of an investment in subordinated debt securities.

Noninterest Expense.Total noninterest expense increased $1.5 million (4.8%) to $32.7 million
in 1999 from $31.2 million 1998. This increase was primarily the result of salary and employee benefits increasing $1.4 million due to the addition of the indirect automobile lending department, the
opening of the Eola Road branch in Aurora and enhanced staffing in the collection and loan review functions.

Provision for Loan Losses.The Company's provision for loan losses increased $.5 million
(20.3%) to $3.1 million in 1999 compared to $2.6 million in 1998. This increase was primarily due to the increase in loan volume. A more detailed discussion concerning the allowance for loan losses is
presented in the Allowance for Loan Losses and Asset Quality section of this report.

Income Taxes.Income tax expense increased $2.0 million (27.1%) to $9.1 million in 1999 from
$7.1 million in 1998. The increase was principally due to higher pre-tax income and less nontaxable interest income on securities. The effective tax rates for the years ended December 31, 1999 and
1998 were 31.1% and 30.6%, respectively.

Interest Rate Sensitivity

The Company attempts to maintain a conservative posture with regard to interest rate risk by actively managing its asset/liability GAP position and monitoring
the direction and magnitude of gaps and risk. The Company attempts to moderate the effects of changes in interest rates by adjusting its asset and liability mix to achieve desired relationships
between rate sensitive assets and rate sensitive liabilities. Rate sensitive assets and liabilities are those instruments that reprice within a given time period. An asset or liability reprices when
its interest rate is subject to change or upon maturity.

57

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Movements in general market interest rates are a key element in changes in the net interest margin. The Company's policy is to manage its balance sheet so that fluctuations in net
interest margin are minimized regardless of the level of interest rates, although the net interest margin does vary somewhat due to management's response to increasing competition from other financial
institutions.

Listed
below are the balances in the major categories of rate sensitive assets and liabilities that are subject to repricing as of December 31, 2000 (dollars in thousands):

|                                                                                  |                       | Three
Months or
Less |          | Over
Three
Months to
Twelve
Months |        | Over One
Year to
Five Years |         | Over Five
Years |         | Total  
|--------------------------------------------------------------------------------- | --------------------- | -------------------- | -------- | ---------------------------------- | ------ | --------------------------- | ------- | --------------- | ------- | -------
|Rate sensitive assets                                                             |                       |                      |          |                                    |        |                             |         |                 |         |        
|                                                                                  | Federal funds sold    |                      | $        | 6,180                              |        | $                           |        |                 | $       |       
|                                                                                  | Securities            |                      |          | 31,331                             |        |                             | 87,456  |                 |         | 138,995
|                                                                                  | Loans                 |                      |          | 358,258                            |        |                             | 182,404 |                 |         | 370,600
|                                                                                  |                       |                      |          |                                    |        |                             |         |                 |         |        
|                                                                                  |                       |                      | Total    |                                    | $      | 395,769                     |         | $               | 269,860 |        
|                                                                                  |                       |                      |          |                                    |        |                             |         |                 |         |        
|Rate sensitive liabilities                                                        |                       |                      |          |                                    |        |                             |         |                 |         |        
|                                                                                  | NOW                   |                      | $        | 236,889                            |        | $                           |        |                 | $       |       
|                                                                                  | Money market checking |                      |          | 151,151                            |        |                             |        |                 |         |       
|                                                                                  | Savings               |                      |          | 277,565                            |        |                             |        |                 |         |       
|                                                                                  | Time deposits         |                      |          |                                    |        |                             |         |                 |         |        
|                                                                                  |                       | Less than $100,000   |          |                                    | 67,033 |                             |         | 180,268         |         |        
|                                                                                  |                       | $100,000 and over    |          |                                    | 42,479 |                             |         | 49,768          |         |        
|                                                                                  |                       |                      |          |                                    |        |                             |         |                 |         |        
|                                                                                  |                       |                      | Total    |                                    | $      | 775,117                     |         | $               | 230,036 |        
|                                                                                  |                       |                      |          |                                    |        |                             |         |                 |         |        
|Interest sensitivity gap                                                          |                       | $                    | (379,348 | )                                  | $      | 39,824                      |         | $               | 381,317 |        
|Cumulative interest sensitivity gap                                               |                       | $                    | (379,348 | )                                  |        | (339,524                    | )       |                 | 41,793  |        
|Cumulative net rate sensitive assets to cumulative net rate sensitive liabilities |                       |                      | 51.1     | %                                  |        | 66.2                        | %       |                 | 103.7   | %      
|Cumulative interest sensitivity gap to total assets                               |                       |                      | (26.5    | )                                  |        | (23.7                       | )       |                 | 2.9     |        

Included
in "Three Months or Less" rate sensitive liabilities are $277.6 million of savings deposits, $236.9 million of NOW deposits and $151.2 million of money market
checking deposits that management considers more core deposit in nature than time deposits. Approximately $45.7 million of securities are callable in 2001 and are included in the above table based
upon their contractual terms. Most of these callable securities were issued by U.S. government agencies.

While
the shorter term negative GAP position represents a potential adverse impact on the Company's net interest income position in periods of rising interest rates, the same position
generally results in a favorable impact when interest rates decline.

The
target GAP position, as defined by the Company's Asset and Liability Policy, is to maintain a ratio (as adjusted) of cumulative net rate sensitive assets to cumulative net rate
sensitive liabilities of at least 60.0% and not more than 120.0% on a twelve-month time frame.

The
above table does not necessarily indicate the future impact of general interest rate movements on the Company's net interest income because the repricing of certain assets and
liabilities is discretionary and is subject to competitive and other pressures. As a result, assets and liabilities indicated as repricing within the same period may in fact reprice at different times
and at different rate levels. Assets and liabilities are reported in the earliest time frame in which maturity or repricing may occur. The consolidated interest rate sensitivity position of the
Company within the twelve-month time frame at December 31, 2000 reflects cumulative net rate sensitive assets compared to cumulative net rate sensitive liabilities of 66.2% and cumulative net
interest-earning assets that reprice or mature

58

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within one year compared to similarly sensitive liabilities of negative 23.7% of total assets. The percentage indicated for the cumulative net interest-earning assets as a percentage of cumulative net
interest-bearing liabilities is within the Company's target range of acceptable GAP values for the twelve-month time frame.

In
addition to the GAP analysis above, the Company also measures rate sensitivity through a net interest income analysis. The net interest income analysis measures the change in net
interest income in the event of hypothetical changes in interest rates. This analysis assesses the risk of changes in net interest income in the event of a sudden and sustained 100 to 200 basis point
increase or decrease in market interest rates. This analysis is subject to the Company's assumptions, which include the following:



Listed
below are the Company's projected changes in net interest income over a twelve-month horizon for the various rate shock levels as of the periods indicated (dollars in
thousands):

December 31, 2000

Amount

Dollar
Change

Percent
Change+200 basis points

$
50,004

$
(8,531
)
(14.6
)%+100 basis points


54,427


(4,108
)
(7.0
)Base


58,535-100 basis points


62,393


3,858

6.6-200 basis points


64,001


5,466

9.3December 31, 1999+200 basis points

$
38,210

$
(10,593
)
(21.7
)%+100 basis points


43,553


(5,250
)
(10.8
)Base


48,803-100 basis points


53,815


5,012

10.3-200 basis points


56,784


7,981

16.4


Effects of Inflation

Unlike industrial companies, virtually all of the assets and liabilities of the Company are monetary in nature. As a result, interest rates have a more
significant impact on the Company's performance than do the effect of general levels of inflation. Interest rates do not necessarily move in the same direction or experience the same magnitude of
change as goods and services, since such prices are affected by inflation. In the current economic environment, liquidity and interest rate adjustments are features of the Company's assets and
liabilities which are important to the maintenance of acceptable performance levels. The Company attempts to maintain a balance between monetary assets and monetary liabilities, over time, to offset
the potential effects of changing interest rates.

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[WSB LOGO]

60

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---

BOARDS OF DIRECTORS

---

|West Suburban Bancorp, Inc.
|---------------------------
|Kevin J. Acker             
|David S. Bell              
|Duane G. Debs              
|Charles P. Howard          
|Peggy P. LoCicero          
|West Suburban Bank         
|Robert W. Schulz           
|Keith W. Acker             
|Craig R. Acker             
|Earl K. Harbaugh           
|Ronald J. Kuhn             
|Richard Hill Lauber        
|Paul J. Lehman             
|Walter T. Myers            
|John G. Williams           
|F. Willis Caruso           
|George Hazdra              
|Harry Kuhn                 
|Richard P. McCarthy        
|Harold Moser               

---

OFFICERS

---

|West Suburban Bancorp, Inc.
|---------------------------
|Duane G. Debs              
|Keith W. Acker             
|Kevin J. Acker             
|Michael P. Brosnahan       
|David J. Mulkerin          
|George E. Ranstead         
|Michael J. Lynch           
|West Suburban Bank         
|Senior Officers            
|Keith W. Acker             
|Kevin J. Acker             
|Michael P. Brosnahan       
|James T. Chippas           
|Duane G. Debs              
|Daniel P. Grotto           
|Building Management        
|Edward J. Garvey           

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|Business Services        |                                                             
|------------------------ | ------------------------------------------------------------
|Terry T. Facenda         | Business Services Officer                                   
|Call Center              |                                                             
|James M. Mastrino        | Vice President, Call Center/VISA Operations                 
|Commercial Loans         |                                                             
|Stanley C. Celner, Jr.   | Vice President, Commercial Loans                            
|Grant O. Cowen           | Vice President, Commercial Loans                            
|Timothy P. Dineen        | Vice President, Commercial Real Estate Loans                
|David S. Orr             | Vice President, Commercial Loans                            
|Gregory M. Ruffolo       | Vice President, Commercial Loans                            
|Edwin S. Stephens IV     | Vice President, Commercial Loans                            
|Gregory L. Young         | Vice President, Commercial Loans                            
|Compliance               |                                                             
|David J. Mulkerin        | Chief Compliance Officer                                    
|Comptroller's Department |                                                             
|George E. Ranstead       | Vice President, Assistant Comptroller, Investments          
|Consumer Loans           |                                                             
|William H. Hunter        | Vice President, Consumer Loans                              
|Cynthia A. Meredith      | Vice President, Consumer Loans                              
|Charles Svoboda          | Vice President, Consumer Loans                              
|Karyn L. Tompkins        | Consumer Loan Officer                                       
|David J. Wanek           | Consumer Loan Officer                                       
|Data Processing          |                                                             
|Steven A. Jennrich       | Vice President, Data Processing                             
|Jacqueline R. Weigand    | Vice President, Project Manager                             
|Electronic Services      |                                                             
|Janet L. Kemble          | Assistant Vice President, Electronic Services               
|Financial Services       |                                                             
|Michael Abbatacola       | Vice President, Financial Services                          
|Lynn M. Torre            | Assistant Vice President, Financial Services                
|Human Resources          |                                                             
|Mary Ellen Condon        | Vice President, Human Resources                             
|Danielle Budig           | Vice President, Director, Benefits/Payroll                  
|Joanne T. Tosch          | Director, Employee Development                              
|Gina M. Corral           | Assistant Vice President, Employee Relations Manager        
|Internal Audit           |                                                             
|Michael J. Lynch         | Vice President, Director of Internal Audit                  
|Loan Operations          |                                                             
|Sandra C. Boyce          | Vice President, Residential Mortgage Operations             
|Gary Brandes             | Vice President, Mortgage Servicing                          
|Lawrence J. Ortman       | Vice President, Credit Analysis and Loan Review             
|Kevin Bussey             | Assistant Vice President, Collections                       
|Debra H. Crowley         | Assistant Vice President, Commercial Loan Operations Manager

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|Marketing                        |                                                               
|-------------------------------- | --------------------------------------------------------------
|Denise M. Zatarski               | Director of Marketing                                         
|Operations                       |                                                               
|Jill C. Davenport                | Assistant Vice President, Operations                          
|Purchasing                       |                                                               
|Helen G. Schmitt                 | Assistant Vice President, Purchasing                          
|Retail Banking                   |                                                               
|Jack Buscemi                     | Vice President, Retail Banking, Loss Prevention               
|Beverly J. Viscariello           | Vice President, Branch ManagerOakbrook Terrace               
|Marcia K. Worobec                | Vice President, Branch ManagerWestmore, Metra Main           
|Kathleen M. Brockman             | Assistant Vice President, Branch ManagerLake Street          
|Sharon Buck                      | Assistant Vice President, Branch ManagerMontgomery           
|Eric Chizzo                      | Assistant Vice President, Branch ManagerFair Oaks            
|Barbara D. Darden                | Assistant Vice President, Branch ManagerEola Road            
|Richard R. Decker                | Assistant Vice President, Branch ManagerRomeoville           
|Joyce M. Fedele                  | Assistant Vice President, Branch ManagerDanada, Wheaton      
|Sharon A. Fonte                  | Assistant Vice President, Branch ManagerGlendale Heights     
|Joel K. Fopma                    | Assistant Vice President, Branch ManagerBolingbrook West     
|Susan Hemmelgarn                 | Assistant Vice President, Branch ManagerCharlestowne         
|Priya Hira                       | Assistant Vice President, Branch ManagerVilla Park           
|Kirsten L. Jensen                | Assistant Vice President, Branch ManagerBartlett             
|Norine M. LaPrall                | Assistant Vice President, Branch ManagerWarrenville          
|Terry Leitner                    | Assistant Vice President, Branch Manager75th Street, Westmont
|Brian McDonald                   | Assistant Vice President, Branch ManagerCarol Stream         
|Susan Neustrom                   | Assistant Vice President, Branch ManagerDowntown Downers     
|Brian Nickleski                  | Assistant Vice President, Branch ManagerSouth Main           
|Gwen B. O'Loughlin               | Assistant Vice President, Branch ManagerNorth Main           
|Robert L. Pauling                | Assistant Vice President, Branch ManagerStratford Square     
|Cynthia A. Picton                | Assistant Vice President, Branch ManagerGalena               
|Kay J. Piotrowski                | Assistant Vice President, Branch ManagerNaperville           
|David P. Reed                    | Acting Branch ManagerPresident Street                        
|Jerome Sheeman                   | Assistant Vice President, Branch ManagerFinley Road          
|Joseph M. Sperlik                | Assistant Vice President, Branch ManagerBolingbrook East     
|Mary Beth Vandenberg             | Assistant Vice President, Branch ManagerCass Avenue          
|Timothy Voreis                   | Assistant Vice President, Branch ManagerSt. Charles          
|Secretary to the Board           |                                                               
|Jay J.P. Greifenkamp             | Financial Analyst/Secretary to the Board                      
|Travel with West Suburban        |                                                               
|Dennis A. Woodyatt               | Travel Agent                                                  
|Trust                            |                                                               
|Christine H. Pawlak              | Trust Officer                                                 
|West Suburban Insurance Services |                                                               
|Patricia Falstrom                | Insurance Agent                                               

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West Suburban Bank  711 South Meyers Road  Lombard, Illinois

AuroraEola Road Branch: 335 North Eola Road, Aurora, Illinois 60504(630) 898-7072
Galena Branch: 2000 West Galena Boulevard, Aurora, Illinois 60507(630) 896-7000
Lake Street Branch: 101 North Lake Street, Aurora, Illinois 60507(630) 844-5200

BartlettBartlett Branch: 1061 West Stearns Road, Bartlett, Illinois 60103(630) 830-5330

BloomingdaleStratford Square Branch: 355 West Army Trail Road, Bloomingdale, Illinois 60108(630) 351-0600

BolingbrookBolingbrook East Branch: 672 East Boughton Road, Bolingbrook, Illinois 60440(630) 972-9550
Bolingbrook West Branch: 1104 West Boughton Road, Bolingbrook Illinois 60440(630) 378-9680

Carol StreamCarol Stream Branch: 401 North Gary Avenue, Carol Stream, Illinois 60188(630) 690-8700
Fair Oaks Branch: 1380 West Army Trail Road, Carol Stream, Illinois 60188(630) 213-5920
President Street Branch: 879 East Geneva Road, Carol Stream, Illinois 60188(630) 752-1175

Darien75th Street Branch: 1005 75th Street, Darien, Illinois 60561(630) 852-9226
Cass Avenue Branch: 8001 South Cass Avenue, Darien, Illinois 60561(630) 852-6900

Downers GroveFinley Road Branch: 2800 South Finley Road, Downers Grove, Illinois 60515(630) 495-3600
Downtown Downers Branch: 5330 South Main Street, Downers Grove, Illinois 60515(630) 652-2775

Glendale HeightsGlendale Heights Branch: 1657 Bloomingdale Road, Glendale Heights, Illinois 60139(630) 690-8600

LombardMetra Main Branch: 100 South Main Street, Lombard, Illinois 60148(630) 268-9010
North Main Branch: 707 North Main Street, Lombard, Illinois 60148(630) 691-8558
South Main Branch: 1122 South Main Street, Lombard, Illinois 60148(630) 495-3605
Westmore Branch: 711 South Meyers Road, Lombard, Illinois 60148(630) 629-4200

MontgomeryMontgomery Branch: 1830 Douglas Road, Montgomery, Illinois 60538(630) 844-5600

NapervilleNaperville Branch: 2020 Feldott Lane, Naperville, Illinois 60540(630) 416-3800

Oakbrook TerraceOakbrook Terrace Branch: 17W754 22nd Street, Oakbrook Terrace, Illinois 60181(630) 916-1195

RomeovilleRomeoville Branch: 505 North Weber Road, Romeoville, Illinois 60446(815) 372-0665

St. CharlesCharlestowne Branch: 3000 East Main Street, St. Charles, Illinois 60174(630) 762-1395
St. Charles Branch: 315 South Randall Road, St. Charles, Illinois 60174(630) 377-6930

Villa ParkVilla Park Branch: 40 East St. Charles Road, Villa Park, Illinois 60181(630) 832-8775

WarrenvilleWarrenville Branch: 3S041 Route 59, Warrenville, Illinois 60555(630) 393-6060

WestmontWestmont Branch: 6400 South Cass Avenue, Westmont, Illinois 60559(630) 963-2735

WheatonDanada Branch: 295 West Loop Road, Wheaton, Illinois 60187(630) 871-9890
Wheaton Branch: 221 South West Street, Wheaton, Illinois 60187(630) 221-8220

ATMs are available at all of the above banking branches.

Limited Service BranchesBeacon Hill, Lombard, Illinois 60148
Financial Center, 717 South Meyers Road, Lombard, Illinois 60148
Lexington Square of Elmhurst, Elmhurst, Illinois 60126
Lexington Square of Lombard, Lombard, Illinois 60148
Mr. Z's: 401 South Main Street, Lombard, Illinois 60148
Travel with West Suburban, 711 South Meyers Road, Lombard, Illinois 60148(630) 495-1400
West Suburban Bank VISA Headquarters, 701 South Meyers Road, Lombard, Illinois 60148(630) 652-2500 extension 2903
West Suburban Insurance Services, 17W754 22nd Street, Oakbrook Terrace, Illinois 60181 (630) 652-2550

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[MAP OF BANK FACILITIES]

[WSB LOGO]Where strength is matched by service

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Shareholder Information

Annual Report on Form 10-KA copy of West Suburban Bancorp, Inc.'s Annual Report on Form 10-K, filed with the Securities and Exchange Commission, is available without charge to shareholders by writing to:



Annual Meeting of ShareholdersThe annual meeting of shareholders of West Suburban Bancorp, Inc. will be held at West Suburban Bank, 711 South Meyers Road, Lombard, Illinois on Wednesday, May 9, 2001 at 8:00 a.m. All shareholders
are cordially invited to attend.

Stock Transfer Agent and RegistrarInquiries regarding stock transfers, registration, lost certificates and changes of name and address should be directed to the stock transfer agent and registrar by writing to:



Community Reinvestment ActWest Suburban Bank adheres to a well-established policy of helping to meet the credit needs of our local communities, consistent with safe and sound lending practices, in accordance with the Community
Reinvestment Act. For additional information, contact:



Independent AuditorsCrowe, Chizek and Company LLP
One Mid America Plaza, Suite 700
Post Office Box 3697
Oak Brook, Illinois 60522

Corporate CounselBarack Ferrazzano Kirschbaum Perlman & Nagelberg
333 West Wacker Drive, Suite 2700
Chicago, Illinois 60606

MEMBER FDIC

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