Investor Presentaiton

Mortgage Activity Shift to Purchase & Adj. Rate Loans $ in millions Mortgage Locks & Sales $757 $695 3.9% 3.6% 3.7% 3.1% $597 2.7% $456 $364 $285 $207 $160 $93 4Q21 2Q22 3Q22 4Q22 Mortgage locks $ Loans sold $ --Gain on sale % 1Q22 Purchase vs. Refinance 73% 71% 65% 66% 62% $68 ✓ Gain on sale % decreased in 4Q22 driven by a continued rise in rates driving increased price competition ✓ Rate locks were $364 million compared to $456 million in 3Q22 ✓ Purchase / Refi mix shifted slightly from 65% / 35% in 4Q21 to 62% / 38% in 4Q22 ✓ 68% of locked loans were variable rate mortgages in 4Q22, up from 57% in 3Q22 ✓ Sold $68 million loans in 4Q22, down $25 million from $93 million sold in 3Q22 38% 35% 34% 29% 27% 4Q21 1Q22 2Q22 Purchase Refinance 3Q22 4Q22 22 U UNITED

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