0 26 First BanCorp.> 2001 Selected Financial Data -1 Amounts presented were recalculated, when applicable, to retroactively consider the effect of common stock splits. -2 Ratios for 1993 and thereafter were computed on a taxable equivalent basis. -3 Other operating expenses to the sum of net interest income and other income. (In thousands except for per share results) 2001 2000 1999 1998  Condensed Income Statements: Total interest income $516,256 $463,388 $369,063 $321,298 Total interest expense 280,201 272,615 183,330 155,130 Net interest income 236,055 190,773 185,733 166,168 Provision for loan losses 61,030 45,719 47,961 76,000 Other income 52,980 50,032 32,862 58,240 Other operating expenses 120,855 113,049 101,271 91,798 Unusual item - SAIF assessment Income before income tax provision, extraordinary  item and cumulative effect of accounting change  107,150 82,037 69,363 56,610 Provision for income tax 20,134 14,761 7,288 4,798 Income before extraordinary item and cumulative effect of accounting change  87,016 67,276 62,075 51,812 Extraordinary item Cumulative effect of accounting change (1,015 Net income 86,001 67,276 62,075 51,812 Per Common Share Results (1): Income before extraordinary item and  cumulative effect of accounting change diluted $2.64  $2.21  $1.98  $1.74  Extraordinary item Cumulative effect of accounting change (0.04 Net income per common share diluted $2.60  $2.21  $1.98  $1.74  Net income per common share basic $2.61  $2.22  $2.00  $1.75  Cash dividends declared $0.52  $0.44  $0.36  $0.30  Average shares outstanding 26,567 26,943 28,941 29,586 Average shares outstanding diluted 26,762 27,145 29,199 29,858 Balance Sheet Data: End of year Loans and loans held for sale $4,308,780 $3,498,198 $2,745,368 $2,120,054 Allowance for possible loan losses 91,060 76,919 71,784 67,854 Investments 3,715,999 2,233,216 1,811,164 1,800,489 Total assets 8,197,518 5,919,657 4,721,568 4,017,352 Deposits 4,098,554 3,345,984 2,565,422 1,775,045 Borrowings 3,425,236 2,069,484 1,803,729 1,930,488 Total common equity 334,419 269,461 204,902 270,368 Total equity 602,919 434,461 294,902 270,368 Book value per common share 12.59 10.20 7.30 9.17 Regulatory Capital Ratios (In Percent): End of year Total capital to risk weighted assets 14.50 14.43 16.16 17.39 Tier 1 capital to risk weighted assets 12.16 11.23 11.64 11.55 Tier 1 capital to average assets  7.49 7.28 7.47 6.59 Selected Financial Ratios  (In Percent):Year ended Net income to average total assets 1.28 1.28 1.49 1.48 Interest rate spread (2) 3.64 3.38 4.29 4.76 Net interest income to average earning assets (2) 4.08 3.91 4.85 5.27 Yield on average earning assets (2) 8.42 9.21 9.29 9.83 Cost on average interest bearing liabilities 4.78 5.83 5.00 5.07 Net income to average total equity 16.20 21.21 21.06 20.54 Net income to average common equity 22.13 27.81 24.68 20.54 Average total equity to average total assets 7.92 6.05 7.07 7.22 Dividend payout ratio  19.91 19.72 17.96 17.12 Efficiency ratio (3) 41.81 46.95 46.33 40.91 Offices: Number of full service branches  48 48 48 40 Loan origination offices 43 38 41 45 >. >. >. >. >. >. ) )