Statements EFTA00197279

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oe FBR VISIT OUR WEBSITE wew.for.com Important Message If any information regarding 2003interest, dividends, miscellaneous income, gross proceeds or original issue discount is required to be reported to the IRS for this account, a Consolidated Form 1099will be mailed to you by February 2,20040r a 1042Sby March 15,2004. Transaction Detail FRIEDMAN, BILLINGS, RAMSEY & CO., INC, OFFICE SERVICING YOUR ACCOUNT 1001 Nineteenth Street North Arlington, Virginia 22209-1722 Telephone (703) 312 9500 Fax (703) 312 9501 E-Mail info@tbr com FINANCIAL TRUST CO., INC 600 REDHOOK QUARTER STE B-3 ST THOMAS US US VI 00802 CLEARANCE AGEN Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3889 FINANCIAL TRUST CO.,INC STATEMENT PERIOO November 29, 2003 THROUGH December 31,2003 account nuvecr TAXPAYER NUMBER On File LAST STATEMENT September 30, 2003 INVESTMENT ACTIVITY SETTLEMENT TRADE DATE OATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY DEBIT AMOUNT CREDIT AMOUNT 12/17/03 DELIVERED FRANKLIN BANK CORP -100,000 CLA ACCREDITED INVS DEL TO 00901 TOTAL This summary is for informational purposes only. It Is mot intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important imformation. 027 01/01/04;18:86 001 EFTA00197280

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CLEARANCE AGENT FRIEDMAN, BILLINGS, RAMSEY & CO., INC, yy OFFICE SERVICING YOUR ACCOUNT Rees, Steams Securities Cosp. < ington Vepina 25800-1702 arch how Yo 11201 889 ington, Virginia J id Teleshone (703) 312 9500 Fe FBR Fax (703) 312 9601 Mall infogpfor com FINANCIAL TRUST CO.,.INC 2 of4 STATEMENT PERIOD Novernber 29,2003 THROUGH December 31,2003 ACCOUNT NUMBER Fs TAXPAYER NUMBER On File Your messages LAST STATEMENT September 30, 2003 ie As part of the National Association of Securities Dealer's (NASD) Investor ZT IMPORTANT NOTICE TO CLIENTS: Disclosure of Order Execution and Routing Education Program, you may obtain information on the NASD’s Public Practices Sec Rule 11Ac1-5 (Monthly report) requires "market centers” that Disclosure Program by contacting the NASD at telephone number (800) trade Nasdaq National Market, Nasdaq Small Cap securities and 289-9999 or via the internet address which is www,nasdr,com, In addition, a exchange-listed securities to make publicly available standardized, monthly brochure explaining the Public Disclosure Program is available from the NASD statistical information about "covered order’ executions, as defined by the rule, upon request, Friedman, Billings, Ramsey & Co,, Inc, (FBRC) is an OTC market maker and therefore considered a “market center", Rule Ac1-5 is intended to promote visibility and competition in order execution quality, In order to enable cross-market comparisons, the Rule establishes uniform measures of execution quality, among them effective spread, rate of price improvement, fill rate and execution speed, The rule also requires the statistics to be categorized by individual security, order type and size (100-499 shares, 500-1999, 2000-4999, 5000-999), It is important to note that orders for 10,000 shares or more are exempt from the rule and are therefore not included in the statistics, 027 01/01/04;15:86 001 vars EFTA00197281

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3 of4 FRIEDMAN, BILLINGS, RAMSEY & CO., INC, ie SEC Rule 11Ac1-6 (Quarterly report) requires broker/dealers that route orders in equity and option securities to disclose the identities of the execution venues to which they route orders on behalf of customers, and the material aspects of the relationships the broker/dealer may have with those venues, if applicable. In accordance with SEC Rule 11Ac1-6, upon your request, we will disclose the identity of the venue to which your order was routed for execution and the time of execution, within the time period of the six months prior to your request, Each market center is required to prepare and make publicly available the monthly and quarterly reports in electronic form, free of charge and available for downloading from an internet site. This information is available via our website at www.fbr.com, This information is presented in accordance with the SEC Rule 11Ac1-5 and 1-6 requirements, A written copy of the quarterly report is available upon request, Additional information regarding the rule, interpretations and exemptions can be obtained directly from the SEC at www,sec,gov and the NASD at www.nasd,com, **e*** End of Statement™***** OFFICE SERVICING YOUR ACCOUNT 1001 Nineteenth Street North Arlington, Virginia 22209-1722 Telephone (703) 312 9500 Fax (703) 312 9501 E-Mail info@fbr com CLEARANCE AGENT Bear, Steams Securities Comp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO.,INC STATEMENT PERIOO November 29, 2003 THROUGH December 31,2003 account Nuecr TAXPAYER NUMBER On File LAST STATEMENT September 30, 2003 TZ Excess SIPC Account Protection Update Bear, Stearns Securities Corp, ("BSSC"), a member of the Securities Investor Protection Corporation ("SIPC"), provides account protection for the net equity of a customer's funds and securities positions. SIPC provides $500,000 of primary net equity protection, including $100,000 for claims for cash ("SIPC Coverage"). Visit www.sipc.org for more information about SIPC Coverage. BSSC provides the additional protection ("Excess SIPC") through a commercial insurer, Effective February 16, 2004, the commercial insurer for Excess SIPC will change to Customer Asset Protection Company ("CAPCO"), a licensed New York insurance company, Account protection applies when a SIPC member firm fails financially and is unable to meet its obligations to its securities customers, but does not apply to losses from the rise or fall in the market value of investments or to SIPC ineligible assets such as options, futures, foreign exchange transactions, or any investment contracts that are not registered as securities, 027 01/01/04;15:86 001 vara EFTA00197282

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4 oa STATEMENT BACKER IS PRINTED ON THIS PAGE 01/01104;15:86 001 CLEARANCE AGEN Bear, Steams Securities Corp. One Metrotech Center Noth Brooklyn, New York 11201-3889 FINANCIAL TRUST CO.,INC EFTA00197283

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ce FBR VISIT OUR WEBSITE wew.for.com Important Message Your Brokerage Firm and Bear Stearns are pleased to announce the conversion to a calendar month-end statement. Effective this month, your account statement reflects all activity and account valuation up to and including the last business day of the month. Your Portfolio Holdings EQUITIES Equities & Options ACCT SYMBOUCUSIP TYPE os DESCRIFTION FRANKLIN BANK CORP CL A ACCREDITED INVS Total Equities& Options FRIEDMAN, BILLINGS, RAMSEY & CO., INC, OFFICE SERVICING YOUR ACCOUNT 1001 Nineteenth Street North Arlington, Virginia 22209-1722 Telephone (703) 312 9500 Fax (703) 312 9501 E-Mail info@tbr com FINANCIAL TRUST CO., INC 600 REDHOOK QUARTER STE B-3 ST THOMAS US US VI 00802 NAARKET ESTIMATED QUANTITY PRE VALUE ANNUAL INCOME 100,000 Unpriced $0 $0 CURRENT YELD [%) TOTAL EQUITIES $0 $0 This summary i for informational purposes only. It Is mot intended as a tax document CLEARANCE AGEN Bear, Steams Securities Carp. One Metrotech Center North Brooklyn, New York 11201-3889 FINANCIAL TRUST CO.,INC STATEMENT PERIOO August 30,2003 THROUGH September 30, 2003 accor nuvecr TAXPAYER NUMBER On File LAST STATEMENT June 27, 2003 ‘Ths statemem should be retamed for your records See reverse side for important information. 027 10/01/03;165:17 001 vaia EFTA00197284

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FRIEDMAN, BILLINGS, RAMSEY & CO., INC, FBR OFFICE SERVICING YOUR ACCOUNT 1001 Nineteenth Street North Arlington, Virginia 22209-1722 Telephone (703) 312 9500 Fax (703) 312 9501 E-Mail info@fbr com CLEARANCE AGENT Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO.,INC 2 of3 Your messages ie Bear, Stearns Securities Corp, Net Capital and Net Capital Requirements: At May 31, 2003 and July 31, 2003, the Company's net capital of approximately $2.4 billion and $3.0 billion was approximately 6% and 7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $799.5 million and $904.4 million by approximately $1.6 billion and $2.1 billion, all respectively, A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site www.bssctinancialstatement.com, Altematively, to request a free printed copy please call - toll free 1-866-299-9331, ****** End of Statement™***** STATEMENT PERIOO August 30,2003 THROUGH September 30, 2003 account Nuecr TAXPAYER NUMBER On File LAST STATEMENT June 27, 2003 ZS Securities and other assets in your account are the firm's collateral for any margin loan made to you. If the securities and other assets in your account decline in value, so does the value of the collateral supporting your loan, and, as a result, the firm can take action, such as issue a margin call and/or sell securities or other assets in any of your accounts held with the member, in order to maintain the required equity in the account, It is important that you fully understand the risks involved in trading securities on margin, These risks include the following: * You can lose more funds than you deposit in the margin account, * The firm can force the sale of securities or other assets in you account(s), * The firm can sell your securities or other assets without contacting you. * You are not entitled to choose which securities or other assets in your account(s) are liquidated or sold to meet a margin call, * The firm can increase its “house” maintenance margin requirements at any time and is not required to provide you advance written notice, * You are not entitled to an extension of time on a margin call, 027 10/01/03;15:17 001 vara EFTA00197285

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3 of3 STATEMENT BACKER IS PRINTED ON THIS PAGE 10/01/03;15:17 001 CLEARANCE AGEN Bear, Steams Securities Corp. One Metrotech Center Noth Brooklyn, New York 11201-3889 FINANCIAL TRUST CO.,INC EFTA00197286

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oe FBR VISIT OUR WEBSITE wew.for.com Important Message Confirmation: Unless we hear from you to the contrary, it is our understanding that any free credit balances in your account are being maintained to facilitate your intention to invest such amounts through us. Your Portfolio Holdings EQUITIES Equities & Options ACCT DESCRIPTION SYMBOUCUSIP TYPE os FRANKLIN BANK CORP CL A ACCREDITED INVS Total Equities& Options TOTAL EQUITIES FRIEDMAN, BILLINGS, RAMSEY & CO., INC, OFFICE SERVICING YOUR ACCOUNT 1001 Nineteenth Street North Arlington, Virginia 22209-1722 Telephone (703) 312 9500 Fax (703) 312 9501 E-Mail info@tbr com FINANCIAL TRUST CO., INC 600 REDHOOK QUARTER STE B-3 ST THOMAS US US VI 00802 NANRKET ESTIMATED QUANTITY PRE VALUE __ ANNUAL INCOME 100,000 Unpriced $0 $0 This summary is for informational purposes only. It Is mot intended as a tax document CLEARANCE AGEN Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3889 FINANCIAL TRUST CO.,INC STATEMENT PERIOG May 31,2003 THROUGH June 27, 2003 account Nuvecr TAXPAYER NUMBER On File LAST STATEMENT March 28, 2003 ‘Ths statemem should be retamed for your records See reverse side for important imformation. 027 06/28/03;14:80 001 EFTA00197287

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2 of2 STATEMENT BACKER IS PRINTED ON THIS PAGE (06/2803;14:80 001 CLEARANCE AGEN Bear, Steams Securities Carp. One Metrotech Center Noth Brooklyn, New York 11201-3859 FINANCIAL TRUST CO.,INC vaoa EFTA00197288

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e .y FRIEDMAN, BILLINGS, RAMSEY & CO., INC, OFFICE SERVICING YOUR ACCOUNT 1001 Nineteenth Street North Arlington, Virginia 22209-1722 CLEARANCE AGEN Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 Telephone (703) 312 9500 Fax (703) 312 9501 E-Mail info@tbr com FBR FINANCIAL TRUST CO., INC STATEMENT PERIOD March 1, 2003 THROUGH March 28, 2003 accout nuecr TAXPAYER NUMBER On File VISIT OUR WEBSITE wew.for.com What’s In This Statement | PP | ery end eee LAST STATEMENT December 31, 2002 Your Portfolio Holdings . 1 FINANCIAL TRUST CO., INC Your Messages ssses 600 REDHOOK QUARTER STE B-3 ST THOMAS US US VI 00802 Your Portfolio Holdings EQUITIES Equities & Options ACT MARKET ESTIMATED QURRENT DESCRIPTION SYMBOU'CUSIP TYPE QUANTITY PRE VALUE ANNUAL INCOME YELD [%} FRANKLIN BANK CORP cs 100,000 Unpriced CL A ACCREDITED INVS Total Equities& Options $0 $0 TOTAL EQUITIES $0 $0 This summary is for informational purposes only. It Is not intended as a tax document ‘This statemem should be retained for your records. See reverse side for important information 027 04/29'03;15:39 001 W642 EFTA00197289

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CLEARANCE AGENT Bear, Steams Securities Comp. One Metrotech Center North FRIEDMAN, BILLINGS, RAMSEY & CO., INC :) Z OFFICE SERVICING YOUR ACCOUNT 1001 Nineteenth Street North = Arlington, Virginia 22209-1722 Brooklyn, New York 11201-2859 Telephone (703) 312 9500 Fe FBR Fax (703) 312 9501 E-Mail inf com oer FINANCIAL TRUST CO.,INC 2 of3 STATEMENT PERIOD March 1, 2003 THROUGH March 28, 2003 accout xumccr TAXPAYER NUMBER On File Your messages LAST STATEMENT December 31, 2002 ie Bear, Stearns Securities Corp, Net Capital and Net Capital ZS NOTICE OF CHANGE PURSUANT TO THE TRUTH IN LENDING SEC Requirements: RULE 10b-16 Effective as of May 21, 2003, the annual rate of interest charged on At November 30, 2002 and January 31, 2003, the Company's net capital of approximately $2.4 billion and $2.4 billion was approximately 7% and7% of aggregate debit items and exceeded the minimum regulatory net capital requirement of approximately $716.3 million and $684.1 million by approximately $1.7 billion and $1.7 billion, all respectively. A complete copy of the Bear, Stearns Securities Corp, Statement of Financial Condition is available on the web site www. bsscfinancialstatement.com _. Alternatively, to request a free printed copy please call - toll free 1-866-299-9331 any credit extended to you by Bear Stearns Securities for the purpose of purchasing, carrying or trading in any security or other property shall be based on either the BSSC Base Lending Rate, the BSSC Fed Funds Rate or the London Interbank Offering Rate (‘LIBOR"), The BSSC Base Lending Rate will be quoted by Bear Stearns at our main office in New York, Factors affecting the determination of the BSSC Base Lending Rate will include the short-term market interest rates quoted by money center banks and the Federal Reserve and the rate that Bear Stearns Securities is charged for borrowing money, The BSSC Fed Fund rate is the rate for U,S, dollar funds, as quoted by an independent broker or such funds selected by Bear Stearns Securities for the last transaction completed prior to 9:30 a.m, (Eastern Time) on the business day on which such rate is determined, The annual rate of interest will be no more than 400 basis points above the BSSC Base Lending Rate or 500 basis points above either the BSSC Fed Funds Rate or LIBOR and will appear on your monthly statements, Since the rate of interest charged is related to the BSSC Base Lending Rate, the BSSC Fed Funds Rate or LIBOR, any changes in these rates will Cause corresponding changes in the rate charged to your account, which changes will be made without prior notice to you, If for any other reason Bear Stearns Securities changes the rate of interest it charges you, we will give you at least 30 days prior notice, The Statement of Interest Charges Pursuant to the "Truth-in-Lending" SEC Rule 10b-16 previously provided to you remains in effect except to the extent specifically amended by this notice, 027 (04/29/03;15:39 001 W642 EFTA00197290

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3 of3 STATEMENT BACKER IS PRINTED ON THIS PAGE (0a/2903;15:39 001 CLEARANCE AGEN Bear, Steams Securities Carp. One Metrotech Center Noth Brooklyn, New York 11201-3859 FINANCIAL TRUST CO.,INC W642 EFTA00197291