<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>4
<FILENAME>dex99.txt
<DESCRIPTION>FINANCIAL STATEMENTS FOR MERCHANTS BANCORP, INC.
<TEXT>
<PAGE>

                                                                      Exhibit 99

     The Fifth Third Bancorp
     Master Profit Sharing Plan

     Financial Statements and Supplemental
     Schedule for the Years Ended
     December 30, 2001 and 2000 and
     Independent Auditors' Report for Inclusion
     in the Annual Report (Form 5500) to the
     Internal Revenue Service

<PAGE>

THE FIFTH THIRD BANCORP MASTER PROFIT SHARING PLAN

INDEX TO FINANCIAL STATEMENTS AND SUPPLEMENTAL SCHEDULES
FOR THE FIFTH THIRD BANCORP MASTER PROFIT SHARING PLAN
FOR THE YEARS ENDED DECEMBER 30, 2001 AND 2000
--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                                                                 Page
<S>                                                                                                <C>
INDEPENDENT AUDITORS' REPORT                                                                       1

FINANCIAL STATEMENTS:

   Statements of Net Assets Available for Benefits as of December 30, 2001
      and 2000                                                                                     2

   Statements of Changes in Net Assets Available for Benefits for the Years
      Ended December 30, 2001 and 2000                                                             3

   Notes to Financial Statements for the Years Ended December 30, 2001 and 2000                   4-8

SUPPLEMENTAL SCHEDULE:

   Schedule H, Part IV, Line 4i-
      Assets Held for Investment Purposes as of December 30, 2001                                9 - 10

SUPPLEMENTAL SCHEDULES OMITTED - The following supplemental schedules are
   omitted because of the absence of conditions under which they are required:

   Assets Acquired and Disposed Within the Plan Year

   Party-in-Interest Transactions

   Obligations in Default

   Leases in Default

   Reportable Transactions - Single Transactions

   Reportable Transactions - Series of Transactions
</TABLE>

<PAGE>

INDEPENDENT AUDITORS' REPORT


Fifth Third Bancorp and the Trustees of The Fifth Third
 Bancorp Master Profit Sharing Plan:

We have audited the accompanying statements of net assets available for benefits
of The Fifth Third Bancorp Master Profit Sharing Plan (the "Plan") as of
December 30, 2001 and 2000, and the related statements of changes in net assets
available for benefits for the years then ended. These financial statements are
the responsibility of the Plan's management. Our responsibility is to express an
opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States of America. 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, such financial statements present fairly, in all material
respects, the net assets available for benefits of the Plan at December 30, 2001
and 2000, and the changes in net assets available for benefits for the years
then ended in conformity with accounting principles generally accepted in the
United States of America.

Our audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule listed in the
accompanying index is presented for the purpose of additional analysis and is
not a required part of the basic financial statements, but is supplementary
information required by the Department of Labor's Rules and Regulations for
Reporting and Disclosure under the Employee Retirement Income Security Act of
1974. This schedule is the responsibility of the Plan's management. Such
schedule has been subjected to the auditing procedures applied in the audit of
the basic 2001 financial statements and, in our opinion, is fairly stated in all
material respects when considered in relation to the basic financial statements
taken as whole.

/s/ Deloitte & Touche LLP
Cincinnati, Ohio

June 21, 2002

<PAGE>

THE FIFTH THIRD BANCORP MASTER PROFIT SHARING PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
AS OF DECEMBER 30, 2001 AND 2000
-------------------------------------------------------------------------------

                                                      2001              2000

INVESTMENTS, At fair value (Notes 2,3,4):
  Common stock of Fifth Third Bancorp            $ 179,018,316    $ 112,419,625
  Collective Funds:
    Cash equivalents                                31,944,442       31,317,734
    Fixed income                                    56,473,856       63,651,334
    Equity                                         152,991,529      174,402,878
  Mutual Funds                                     109,743,619       85,792,464
  Participant notes receivable                       1,736,337        1,570,285
                                                 -------------    -------------
          Total investments                        531,908,099      469,154,320

ACCRUED INVESTMENT INCOME                              719,331          462,640

CONTRIBUTIONS RECEIVABLE FROM
  SUBSIDIARIES OF FIFTH THIRD BANCORP               21,012,321       17,010,618

CASH OVERDRAFT                                               -           (8,129)
                                                 -------------    -------------

NET ASSETS AVAILABLE FOR BENEFITS                $ 553,639,751    $ 486,619,449
                                                 =============    =============

See notes to financial statements.

                                      -2-

<PAGE>

THE FIFTH THIRD BANCORP MASTER PROFIT SHARING PLAN

STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEARS ENDED DECEMBER 30, 2001 AND 2000
-------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                                                       2001             2000
<S>                                                                              <C>              <C>
ADDITIONS:
  Income (loss) from investments:
    Interest                                                                     $   1,222,321    $   1,223,924
    Dividends                                                                        2,066,647        1,297,128
    Net appreciation (depreciation) in fair value of
      investments (Note 3)                                                         (23,081,841)      22,616,824
                                                                                 -------------    -------------
           Total income (loss) from investments                                    (19,792,873)      25,137,876
                                                                                 -------------    -------------

  Contributions from subsidiaries of Fifth Third Bancorp (Note 1)                   28,132,340       21,087,511
  Contributions from participants (Note 1)                                          32,505,193       27,900,919
                                                                                 -------------    -------------
           Total contributions                                                      60,637,533       48,988,430
                                                                                 -------------    -------------

  Other                                                                                246,585          119,126
  Transfer of plan assets from acquired companies (Note 6)                          67,399,668                -
                                                                                 -------------    -------------
           Total additions                                                         108,490,913       74,245,432
                                                                                 -------------    -------------

DEDUCTIONS:
  Benefits paid to participants (Note 1)                                           (41,184,779)     (47,076,161)
  Other disbursements                                                                 (285,832)        (237,795)
                                                                                 -------------    -------------
           Total deductions                                                        (41,470,611)     (47,313,956)
                                                                                 -------------    -------------

INCREASE IN NET ASSETS AVAILABLE FOR BENEFITS                                       67,020,302       26,931,476

NET ASSETS AVAILABLE FOR BENEFITS:
  Beginning of year                                                                486,619,449      459,687,973
                                                                                 -------------    -------------

  End of year                                                                    $ 553,639,751    $ 486,619,449
                                                                                 =============    =============
</TABLE>

See notes to financial statements.

                                      -3-

<PAGE>

THE FIFTH THIRD BANCORP MASTER PROFIT SHARING PLAN

NOTES TO FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 30, 2001 AND 2000
--------------------------------------------------------------------------------


1.    DESCRIPTION OF PLAN

      The following brief description of The Fifth Third Bancorp Master Profit
      Sharing Plan (the "Plan") is provided for general information purposes
      only. Participants should refer to the Plan agreement for more complete
      information.

      General - The Plan is a defined contribution profit sharing plan, with a
      401(k) feature, with separate accounts maintained for each participant.
      Each regular employee of a participating Fifth Third Bancorp ("Bancorp")
      subsidiary, if employed before November 1, 1996, automatically became a
      participant on the first payroll date after becoming an employee. With
      regard to the profit sharing feature, employees whose employment commenced
      on or after November 1, 1996 shall become participants after one year of
      service. For the 401(k) feature, employees are eligible to participate
      immediately upon employment by the Bancorp. The Plan is subject to the
      provisions of the Employee Retirement Income Security Act of 1974
      ("ERISA"). The original Plan became effective December 31, 1954 and was
      last amended in its entirety effective December 31, 2000. As a result of
      this amendment, modifications to funding and contributions became
      effective on December 31, 2000.

      Administration - The Fifth Third Bank, a wholly-owned subsidiary of
      Bancorp, serves as the trustee of the Plan. The investment assets of the
      Plan are held in separate trust funds by Fifth Third Investment Advisors
      where such assets are managed.

      Funding and Vesting - The Bancorp's profit sharing contribution to the
      Plan is an amount determined annually by the Board of Directors of the
      Bancorp and allocated to participants in accordance with the provisions of
      the Plan.

      The profit sharing contribution by the Bancorp and any forfeitable
      balances remaining in the accounts of participants who terminate their
      employment are allocated to participants in the proportion that the
      compensation of each participant bears to the compensation of all
      participants for the Plan year.

      Until October 1, 2000 gains and losses under the Plan, including income
      from investments and changes in the market value of investments, are
      allocated to participants in proportion to their respective interests in
      the Plan as of the preceding valuation date, reduced by any payments to
      retired participants made during the period. After October 1, 2000, gains
      and losses under the Plan are valued on a daily basis.

      Bancorp profit sharing contributions are allocated to eligible employees
      according to the following schedule:

          0% - Less than one year of service
         25% - One year of service, but less than two years of service
         50% - Two years of service, but less than three years of service
         75% - Three years of service, but less than four years of service
        100% - Four years of service or more

      Participants are 100% vested in these contributions, subject to limited
      forfeiture for competition or dishonesty.

      The Plan permits voluntary contributions from participants up to 20% of
      their compensation. Such contributions are credited directly to the
      participants' accounts and are fully vested. Contributions may be
      allocated to the available investment options at the discretion of the
      participant. The Bancorp matches

                                      -4-

<PAGE>

      participants' voluntary pre-tax contributions up to a maximum of 6% of
      eligible annual compensation. Participants are eligible for matching after
      one year of service according to the following schedule:

         25% match - One year of service, but less than ten years of service
         50% match - Ten years of service, but less than twenty years of service
         75% match - Twenty years of service or more

      Participants are 100% vested in matching contributions, subject to limited
      forfeiture for competition or dishonesty.

      Both voluntary contributions and Bancorp matching contributions are
      subject to statutory limitations.

      Termination - Although it has not expressed its intention to do so, the
      Bancorp has the right under the Plan to discontinue the contributions of
      any participating Bancorp subsidiary at any time and to amend or terminate
      the Plan subject to the provisions set forth in ERISA. If the Plan were to
      be terminated, the value of the proportionate interest of each participant
      would be determined as of the date of termination, and this amount would
      be fully vested and nonforfeitable.

      Benefits - The Plan provides for payment of benefits of accumulated vested
      amounts upon termination of employment. Benefits are generally payable in
      the form of lump-sum payments or periodic payments.

      Benefits Payable - Benefits payable, consisting of amounts owed but not
      paid as of year end for payments to terminated employees, are not recorded
      as a liability within the financial statements. Benefits payable as of
      December 30, 2001 and 2000 were $6,630,361 and $4,150,063, respectively.

      Tax Status - The Internal Revenue Service has determined and informed the
      Bancorp by a letter dated September 18, 1997, that the Plan and related
      trust are designed in accordance with applicable sections of the Internal
      Revenue Code ("IRC"). The Plan has been amended since receiving the
      determination letter. However, the Plan administrator and the Plan's tax
      counsel believe that the Plan is designed and is currently being operated
      in compliance with the applicable requirements of the IRC. Therefore, no
      provision for income taxes has been included in the Plan's financial
      statements.

      Investment Options per the Related Prospectus -

          .  Fifth Third Balanced Fund contains investments in common stock with
             a smaller percentage in bonds and cash equivalents.

          .  Fifth Third Prime Money Market Fund contains investments in high
             quality commercial paper.

          .  Fifth Third Stock Fund contains shares of the Fifth Third Bancorp
             common stock and short-term liquid investments.

          .  Fifth Third Quality Growth Fund contains investments in common
             stocks that are perceived to be high quality.

          .  Fifth Third Mid Cap Fund contains investments in middle
             capitalization companies.

          .  Fifth Third International Equity Fund contains investments in
             common stocks headquartered outside of the United States.

                                      -5-

<PAGE>

        .  Fifth Third Technology Fund contains investments in stocks of
           established and emerging technology companies.

        .  Fifth Third Value Fund contains investments in a highly diversified
           portfolio of stocks that are perceived to be undervalued in the
           market.

        .  Fifth Third Fixed Income Fund contains investments in investment
           grade securities.

      Participant Notes Receivable - Effective as of November 1, 1996,
      participants may borrow from their fund accounts a minimum of $1,000 up to
      the lesser of $50,000 or 50% of the nonforfeitable portion of their
      account balance. Each loan, by its terms, is required to be repaid within
      five years. The loans are secured by the balance in the participant's
      account and bear interest at a rate equal to the rate charged by the Bank
      on a similar loan as determined quarterly by the Plan administrator.
      Interest rates on loans originated during 2001 and 2000 were 7.0-10.5% and
      10.5% (prime + 1%), respectively. Principal and interest is paid by the
      participant through payroll deductions authorized by the participant.

      Withdrawals - Subject to the Plan administrator's sole and absolute
      discretion, participants are allowed to withdraw an amount not to exceed
      the total amount of that participant's voluntary contributions for
      financial hardship purposes.

2.    SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

      The following are the significant accounting policies followed by the
      Plan:

      General - The accounting records of the Plan are maintained on the accrual
      basis of accounting.

      Valuation of Investments - Quoted market prices are used to value equity
      securities and mutual funds. The fair values of bonds are based on yields
      currently available on comparable securities of issuers with similar
      credit ratings. The fair value of collective funds is based on the fair
      market value of investments in the fund.

      Use of Estimates - The preparation of financial statements in conformity
      with accounting principles generally accepted in the United States of
      America requires the plan administrator to make estimates and assumptions
      that affect the amounts reported in the financial statements and
      accompanying notes. Actual results could differ from those estimates.

      The Plan invests in various securities, which may include U.S.
      Governmental securities, corporate debt instruments and corporate stocks.
      Investment securities, in general, are exposed to various risks, such as
      interest rate, credit and overall market volatility. Due to the level of
      risk associated with certain investment securities, it is reasonably
      possible that changes in the values of investment securities will occur in
      the near term and that such changes could materially affect the amounts
      reported in the statements of net assets available for plan benefits.

                                      -6-

<PAGE>

3.    INVESTMENTS

      Investments representing more than five percent of net assets at December
      30, 2001 and 2000 are as follows:

<TABLE>
<CAPTION>
                                                                                  Fair Value
                                                                     ----------------------------------
                                                                           2001                2000
<S>                                                                  <C>                 <C>
Fifth Third Bank Common Stock Fund for Employee
  Benefit Plans                                                      $  107,796,179      $  129,140,125
Fifth Third Bank Fixed Income Fund for Employee
  Benefit Plans                                                          56,473,856          63,651,334
Fifth Third Bank Middle Capitalization Fund for Employee
  Benefit Plans                                                          40,717,963          45,262,753
Fifth Third International Equity Fund                                    28,190,488          32,289,699
Fifth Third Quality Growth Fund                                          55,302,448          37,786,742
Fifth Third Bancorp common stock                                        179,018,316         112,419,625
</TABLE>



      The following table represents the net appreciation (depreciation) in fair
      value of investments for the Plan for the years ended:

<TABLE>
<CAPTION>
                                                                                  Year Ended
                                                                                 December 30,
                                                                     ----------------------------------
                                                                           2001                2000
<S>                                                                  <C>                 <C>
Net appreciation (depreciation) in fair value of investments:
   Common stock of Fifth Third Bancorp                               $    7,422,430      $  22,210,469
   Collective funds - fixed income and equity                           (14,783,583)         7,798,856
   Mutual funds                                                         (15,720,688)        (8,255,326)
   U.S. Government, agency securities and other                                                862,825
                                                                     --------------      -------------

Total                                                                $  (23,081,841)     $  22,616,824
                                                                     ==============      =============
</TABLE>

                                      -7-

<PAGE>

4.    NONPARTICIPANT - DIRECTED INVESTMENTS

      The Balanced Fund was considered to be nonparticipant-directed in 2000
      because the Fifth Third Bank's discretionary match in 2000 for the 1999
      Plan Year was made in the Balanced Fund and the employee and employer
      amounts have not been separately determined. The Balanced Fund is
      considered to be participant directed in 2001 because the company's
      discretionary match in 2001 for the 2000 Plan Year was made directly into
      the employee's investment allocations.

      Information about the net assets and the significant components of the
      changes in net assets relating to the Balanced Fund is as follows:

<TABLE>
<CAPTION>
                                                                                   December 30, 2000
                                                                                ------------------------
<S>                                                                             <C>
          Net assets - Balanced Fund                                                $  320,025,881


                                                                                        Year Ended
                                                                                    December 30, 2000
                                                                                ------------------------


          Changes in net assets of Balanced Fund:
           Contributions                                                            $    7,926,783
           Income from investments                                                       9,390,464
           Transfer of Plan assets from acquired companies
           Distributions to participants                                               (28,982,070)
           Other                                                                          (154,923)
           Interfund transfer                                                           (1,747,611)
                                                                                    --------------

           Total changes in net assets of Balanced Fund                             $  (13,567,357)
                                                                                    ==============
</TABLE>


5.    TRANSACTIONS WITH RELATED PARTIES

      The Fifth Third Bank provides the Plan with certain accounting and
      administrative services for which no fees are charged.

      At December 30, 2001 and 2000, the Plan held 2,888,790 and 1,881,500
      shares of the Bancorp's common stock, respectively, with fair values of
      $179,018,316 and $112,419,625, respectively (see Note 1).

6.    PLAN ASSETS FROM ACQUIRED COMPANIES

      During 2001, $57,709,307 was transferred to the Plan as a result of the
      merger of the Citizens Incentive Savings Plan into the Plan. During 2001,
      $9,690,361 was transferred to the Plan as a result of the merger of the
      Ottawa Financial Corporation Employee Stock Ownership Plan into the Plan.

7.    SUBSEQUENT EVENT

      Effective as of the close of business on December 31, 2001, the Old Kent
      Thrift Plan was completely amended, restated and merged into the Plan.

                                     ******

                                      -8-

<PAGE>

                                                                    SUPPLEMENTAL
                                                                        SCHEDULE

THE FIFTH THIRD BANCORP MASTER PROFIT SHARING PLAN

SCHEDULE H, PART IV, LINE 4i
ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 30, 2001
-------------------------------------------------------------------------------

<TABLE>
<CAPTION>
  Par Value/
    No.of                                                                      Current
    Shares     Asset Description                                               Market
  <S>          <C>                                                         <C>
               BALANCED FUND:

               COLLECTIVE FUNDS - CASH EQUIVALENTS:                        $   3,913,554
                                                                           -------------
  3,913,480     Fifth Third Banksafe Trust

               COLLECTIVE FUNDS - FIXED INCOME:
  1,077,418     Fifth Third Bank Fixed Income Fund
                 for Employee Benefit Plans                                   52,082,382
                                                                           -------------

               COLLECTIVE FUNDS - EQUITY:
    329,813     Fifth Third Bank Common Stock Fund
                 for Employee Benefit Plans                                  107,796,179
    433,446     Fifth Third Bank Middle Capitalization Fund
                 for Employee Benefit Plans                                   40,717,963
                                                                           -------------
                     Total Collective Funds - Equity                         148,514,142
                                                                           -------------

    683,425    COMMON STOCK - Fifth Third Bancorp                             42,351,847
                                                                           -------------

  2,679,195    MUTUAL FUNDS - Fifth Third International Equity Fund           22,398,070
                                                                           -------------
                     Total Balanced Fund                                     269,259,995
                                                                           -------------
</TABLE>

                                      -9-

<PAGE>

                                                                   SUPPLEMENTAL
                                                                       SCHEDULE

THE FIFTH THIRD BANCORP MASTER PROFIT SHARING PLAN

SCHEDULE H, PART IV, LINE 4i
ASSETS HELD FOR INVESTMENT PURPOSES
AS OF DECEMBER 30, 2001 (Continued)

<TABLE>
<CAPTION>
----------------------------------------------------------------------------------------------------------------

   Par Value/
     No. of                                                                                           Current
     Shares                  Asset Description                                                        Market
<S>                          <C>                                                                   <C>
                             PRIME MONEY MARKET FUND:
   24,253,319                Prime Money Market Fund                                               $  24,253,319
                                                                                                   -------------
                                        Total Prime Money Market Fund                                 24,253,319
                                                                                                   -------------

                             STOCK FUND:
    3,777,569                  Fifth Third Banksafe Trust                                              3,777,569
    2,205,365                  Common Stock - Fifth Third Bancorp                                    136,666,469
                                                                                                   -------------
                                        Total Stock Fund                                             140,444,038
                                                                                                   -------------

                             QUALITY GROWTH FUND:
    3,045,289                  Mutual Funds - Fifth Third Quality Growth Fund                         55,302,448
                                                                                                   -------------
                                       Total Quality Growth Fund                                      55,302,448
                                                                                                   -------------

                             MID CAP FUND:
    1,592,892                  Mutual Funds - Fifth Third Middle Capitalization Fund                  23,208,437
                                                                                                   -------------
                                       Total Mid Cap Fund                                             23,208,437
                                                                                                   -------------

                             INTERNATIONAL EQUITY FUND:
      692,873                  Mutual Funds - Fifth Third International Equity Fund                    5,792,418
                                                                                                   -------------
                                        Total International Equity Fund                                5,792,418
                                                                                                   -------------

                             TECHNOLOGY FUND:
      302,711                  Mutual Funds - Fifth Third Technology Fund                              3,042,246
                                                                                                   -------------
                                        Total Technology Fund                                          3,042,246
                                                                                                   -------------

                             VALUE FUND:
       91,787                  Collective Funds - Fifth Third Value Fund for Employee                  4,477,387
                               Benefit Plans                                                       -------------
                                        Total Value Fund                                               4,477,387
                                                                                                   -------------

                             FIXED INCOME FUND:
       90,846                  Collective Funds - Fifth Third Fixed Income Fund                        4,391,474
                                                                                                   -------------
                                        Total Fixed Income Fund                                        4,391,474
                                                                                                   -------------

                             LOAN FUND:
                               Participant Notes Receivable (Interest Rate 7.00-10.50%)                1,736,337
                                                                                                   -------------
                                       Total Loan Fund                                                 1,736,337
                                                                                                   -------------

                               TOTAL                                                               $ 531,908,099
                                                                                                   =============
</TABLE>

                                      -10-

</TEXT>
</DOCUMENT>
