Investor Presentaiton

3 Stable, Low Cost Deposit Franchise Diversified funding channels reflect long-term, stable relationships . $24.8Bn in stable deposits, typically tied to lending relationship Scalable national funding channels, such as HOA, Tech & Innovation, Life Sciences and capital call lines Core deposits fund balance sheet growth Deposits compose 97.2% of total funding 93.3% Loan-to-Deposit ratio 40% of total deposits are noninterest-bearing Solid Noninterest-Bearing Deposit Base¹ CDs 10% Nonint. MMDA & Savings 36% Bearing DDA 40% Interest DDA 14% Deposits, Borrowings, and Cost of Funds 0.86% 0.64% 0.64% 0.30% 0.31% 0.37% $0.7 $0.4 $0.9 23.0% $0.8 $9.9 $0.5 $8.5 CAGR $0.4 $7.5 $7.4 $5.6 $4.1 16.2% $14.3 $14.9 $7.9 $8.9 $9.5 $11.7 CAGR 2015 2016 2017 2018 Interest Bearing Deposits Non-Interest Bearing Deposits 2019 Total Borrowings² Q1 2020 -Cost of Funds³ WA Dollars in billions 1) Deposit composition as of March 31, 2020 2) Borrowings include customer repurchase agreements 3) Cost of Funds defined as total expense paid on interest bearing liabilities divided by the sum of average interest bearing liabilities and average non-interest bearing demand deposits 7

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