Q4 2020 Investor Presentation

Investment Security Portfolio $ in millions Strategy In Q120, sold $1 billion of investment securities to: - De-risk the balance sheet Create liquidity Recognize gains of over $30 million Increase capital In Q320, sold $500 million of investment securities Projected calls for the next 12-18 months and realized gains Recognized gains of over $22 million Expect to increase the security portfolio to over $5 billion in 2021 $ Purchased $1.2 billion during Q420 using a “Barbell Strategy" Balance Yield Duration in Years Treasury/Agency $ 10 0.95% 0.1 MBS 570 1.43% 7.9 Municipal 608 2.76% 8.5 Corporate 31 3.92% 4.4 Total $1,219 2.15% 8.0 Investment Portfolio Summary as of December 31, 2020 Duration Gain Balance Yield AFS HTM in Years (Loss) Treasury/Agency $ 407 1.70% 4.6 $0 100% 0% MBS 1,353 1.29% 2.3 18 98% 2% Municipal 1,785 3.19% 7.0 63 82% 18% Corporate 126 4.69% 3.8 2 99% 1% Other 136 1.66% 1.9 2 100% 0% Total $3,807 2.34% 4.8 $ 85 91% 9% 17

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