## Statements EFTA00197279 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 CLEARANCE AGENT Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 If any information regarding 2003 interest, dividends, miscellaneous income, gross proceeds or original issue discount is required to be reported to the IRS for this account, a Consolidated Form 1099 will be mailed to you by February 2, 2004 or a 1042Sby March 15, 2004. Important Message FINANCIAL TRUST CO., INC 600 REDHOOK QUARTER STE B-3 ST THOMAS US US VI 00802 VISIT OUR WEBSITE www.fbr.com FINANCIAL TRUST CO., INC STATEMENT PERIOD November 29, 2003 THROUGH December 31, 2003 ACCOUNT NUMBER TAXPAYER NUMBER On File | LAST STATEMENT | September 30, 2003 | | :--- | :--- | Transaction Detail ## INVESTMENT ACTIVITY
SETTLEMENT DATETRADE DATETRANSACTIONDESCRIPTIONSYMBOL/CUSIPQUANTITYPRICEDEBIT AMOUNTCREDIT AMOUNT
12/17/03DELIVEREDFRANKLIN BANK CORP
CL A ACCREDITED INVS
DEL TO 00901		-100,000
TOTAL
SIPC This summary is for informational purposes only. It is not intended as a tax document. This statement should be retained for your records. See reverse side for important information. 027 01/01/04:15:56 001 V818 EFTA00197280 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 CLEARANCE AGENT Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO., INC ## Your messages STATEMENT PERIOD November 29, 2003 As part of the National Association of Securities Dealer's (NASD) Investor Education Program, you may obtain information on the NASD's Public Disclosure Program by contacting the NASD at telephone number (800) 289-9999 or via the internet address which is www.nasdr.com. In addition, a brochure explaining the Public Disclosure Program is available from the NASD upon request. THROUGH December 31, 2003 IMPORTANT NOTICE TO CLIENTS: Disclosure of Order Execution and Routing Practices Sec Rule 11Ac1-5 (Monthly report) requires "market centers" that trade Nasdaq National Market, Nasdaq Small Cap securities and exchange-listed securities to make publicly available standardized, 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". 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;15:56 001 EFTA00197281 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 CLEARANCE AGENT 3 of 4 Bear, Stearns Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 FINANCIAL TRUST CO., INC 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. STATEMENT PERIOD November 29, 2003 THROUGH December 31, 2003 TAXPAYER NUMBER On File | LAST STATEMENT | September 30, 2003 | | :--- | :--- | ## 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. STOP ******* End of Statement******* 027 01/01/04;15:56 001 EFTA00197282 CLEARANCE AGENT Bear, Steams Securities Corp. One Metrotech Center North Brooklyn, New York 11201-3859 4 of 4 FINANCIAL TRUST CO., INC STATEMENT BACKER IS PRINTED ON THIS PAGE 027