Statements EFTA00197292

--=PAGE_BREAK=--

oe FBR VISIT OUR WEBSITE wew.for.com Important Message If any information regarding 2002interest, dividends, miscellaneous income, gross proceeds or original issue discount is required to be teported to the IRS for this account, a Consolidated Form 1099will be mailed to you by January 31,2003 or a 1042Sby March 17,2003. Your Portfolio Holdings EQUITIES Equities & Options DESCRIPTION SYMBOUCUSIP a's 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@fbr com FINANCIAL TRUST CO., INC 600 REDHOOK QUARTER STE B-3 ST THOMAS US US VI 00802 MARKET ESTIMATED CURRENT QUANTITY PRIEE VALUE ANNUAL INCOME YELD [%} 100,000 Unpriced g g TOTAL EQUITIES g g This summary is for informational purposes only. It Is mot intended as a tax document CLEARANCE AGENT Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO.,INC STATEMENT PERIOO November 30, 2002 THROUGH December 31,2002 accout nuvecr TAXPAYER NUMBER On File LAST STATEMENT November 29, 2002 ‘Ths statemem should be retamed for your records See reverse side for important information. 027 01/01/03;13:47 001 EFTA00197293

--=PAGE_BREAK=--

.y FRIEDMAN, BILLINGS, RAMSEY & CO., INC, CLEARANCE AGENT OFFICE SERVICING YOUR ACCOUNT Bear, Steams Securities Corp. 1001 Nineteenth Street North One Metrotech Genter North Arlington, Virginia 22209-1722 Brooklyn, New York 11201-3859 Telephone (703) 312 9500 Fe R fae (703) Ste 9501 Fk B Mail info@fbr com FINANCIAL TRUST CO.,INC Pos STATEMENT PERIOD Novernber 30,2002 THROUGH December 31, 2002 ACCOUNT NUMBER Fs TAXPAYER NUMBER On File Your messages LAST STATEMENT November 29, 2002 As part of the National Association of Securities Dealer's (NASD) ZS IMPORTANT NOTICE TO CLIENTS: Investor Education Program, you may obtain information on the Disclosure of Order Execution and Routing Practices NASD's Public Disclosure Program by contacting the NASD at SEC Rule 11aC1-5 (monthly report) requires “market centers" that telephone number (800) 289-9999 or via the intemet address which is trade Nasdaq National Market, Nasdaq Small Cap securities and www.nasdr.com, In addition, a brochure explaining the Public exchange-listed securities to make publicly available standardized, Disclosure Program is available from the NASD upon request. monthly statistical information about "covered order” executions, as defined by the rule, Friedman, Billings, Ramsey & Co,, Inc, (FBRC) is an OTC market maker and therefore considered a "market center’, Rule11Ac1-5 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, 5000-9999). 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 01/0103;13:47 001 vea9 EFTA00197294

--=PAGE_BREAK=--

FRIEDMAN, BILLINGS, RAMSEY & CO., INC, CLEARANCE AGENT yy OFFICE SERVICING YOUR ACCOUNT Rows. tonne Seowsiton Comp. ington, Virginia id . Telephone (703) 312 9500 Fe FBR Fax (703) 312 9501 Mad infog@tor com FINANCIAL TRUST CO.,.INC 3 ofa STATEMENT PERIOD Novernber 30,2002 THROUGH December 31, 2002 ACCOUNT NUMBER Fs TAXPAYER NUMBER On File LAST STATEMENT November 29, 2002 ie SEC Rule 11Ac1-6 (Quarterly report) requires broker/dealers that TZ Your Investment Firm and Bear Stearns are pleased to introduce a route orders in equity and option securities to disclose the identities new Multi-Transaction Confirmation to be rolled out during the first of the execution venues to which they route orders on behalf of quarter of 2003, Multiple transactions executed on the same day customers, and the material aspects of the relationships the will be displayed on a single landscape document and will include broker/dealer may have with those venues, if applicable, In the same categories as your account statement, Should you have accordance with SEC Rule 11Ac1-6, upon request, we will disclose any questions regarding this new confirmation, please feel free to the identity of the venue to which your order was routed for execution contact your Financial Representative. 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 intemet site, This information is available via our website at www ,fbr,com, This information is presented in accordance with the SEC Rule11Ac1-5 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, ****** End of Statement™***** 027 01/0103;13:47 001 vea9 EFTA00197295

--=PAGE_BREAK=--

4 oa STATEMENT BACKER IS PRINTED ON THIS PAGE 01/01/03;13:47 001 CLEARANCE AGENT Bear, Steams Securities Corp. One Metrotech Center Noth Brooklyn, New York 11201-3889 FINANCIAL TRUST CO.,INC EFTA00197296

--=PAGE_BREAK=--

e ./ FRIEDMAN, BILLINGS, RAMSEY & CO., INC, OFFICE SERVICING YOUR ACCOUNT 1001 Nineteenth Street North Arlington, Virginia 22209-1722 CLEARANCE AGENT Bear, Steams Securities Carp. One Metrotech Center North Brooklyn, New York 11201-3859 Telephone (703) 312 9500 FBR Fax (703) 312 9501 -Mail info@tb I info@br com FINANCIAL TRUST CO.,INC VISIT OUR WEBSITE ww. for.com STATEMENT PERIOO October 26, 2002 THROUGH November 29, 2002 . account xumccr = What’s In This Statement Hasalbcsbealsllssrahil TAXPAYER NUMBER On File LAST STATEMENT Financial Summary , ' 1 FINANCIAL TRUST CO., INC Your Portfolio Holdings . _ 2 600 REDHOOK QUARTER STE B-3 . . ST THOMAS US Transaction Detail ......sscssnseeseres 2 US VI 00802 Cash Flow Analysis THIS PERIOD OpeningBalance $0.00 Securities Sold 1,000,000.00 Securities Bought -1,000,000.00 Amount Debited . $-1,000,000.00 ing Balance $0.00 This summary is for informational purposes only. It is not intended as a tax document ‘Ths statemem should be retamed for your records See reverse side for important imformation. 027 11/3002;18:53 001 veas EFTA00197297

--=PAGE_BREAK=--

CLEARANCE AGENT FRIEDMAN, BILL RAMSEY & CO., INC, ) OFFICE SERVICING YOUR ACCOUNT Bear, Stearns Securities Corp. ¢ 1001 Nineteenth Street North One Metrotech Center North Arlington, Virginia 22209-1722 Brooklyn, New York 11201-3859 Telephone (703) 312 9500 Pe FBR Fax (703) 312 9501 E-Mail info@tbr com FINANCIAL TRUST CO., INC 2 of3 . STATEMENT PERIOD October 26, 2002 THROUGH Novernber 29, 2002 Your Portfolio Holdings come: EQUITIES TAXPAYER NUMBER On File LAST STATEMENT Equities & Options ACCT MARKET ESTIMATED CURRENT DESCRITION SYMBOLCUSIP TYPE QUANTITY PRKE VALUE ANNUAL INCOME YELD (%) FRANKLIN BANK CORP CASH 100,000 Unpriced CL A ACCREDITED INVS Total Equities& Options $0 $0 TOTAL EQUITIES $0 $0 Transaction Detail INVESTMENT ACTIVITY SETTLEMENT TRADE DATE DATE TRANSACTION DESCRIPTION SYMBOLICUSIP QUANTITY PRICE DEBIT AMOUNT GREDIT_ AMOUNT FRANKLIN BANK CORP CL A ACCREDITED INVS PROSPECTUS UNDER SEPARATE MAIL AS OF 10/29/02 THO5iG2" “TOi2Si02 CANCEL BUY FRANKLIN BANK CORP | “700;000 76:60000' 7000,000-00 CL A ACCREDITED INVS PROSPECTUS UNDER SEPARATE MAIL AO S/D 11/04/02 10.00000 1,000,000.00 11/04/02 10/29/02 AS OF 10/29/02 TO CXL PREVIOUS BUY JOURNAL FRANKLIN BANK CORP a 100,000 CLAN Fc lll so are TOTAL $-1,000,000.00 $1,000,000.00 o27 11/3002;18:53 001 vea8 EFTA00197298

--=PAGE_BREAK=--

3 of3 STATEMENT BACKER IS PRINTED ON THIS PAGE 11/3002;18:53 001 CLEARANCE AGENT Bear, Steams Securities Corp. One Metrotech Center Noth Brooklyn, New York 11201-3889 FINANCIAL TRUST CO.,INC EFTA00197299