Q4 2020 Investor Presentation

Net Interest Income $ in millions 2019 2020 2021 SCHEDULED ACCRETION Q4 Q1 Q2 Q3 Q4 Loan Yield(1) 5.43% 5.19% 4.84% 4.54% 4.74% Q1 (Estimated) $3.4 Core Loan Yield (1)(2) 5.00% 4.86% 4.52% 4.29% 4.47% Security Yield(1) 2.73% 2.63% 2.50% 2.60% 2.48% Q2 (Estimated) $3.2 Cost of Interest Bearing Deposits 1.22% 1.03% 0.59% 0.54% 0.47% Cost of Deposits 0.94% 0.80% 0.44% 0.39% 0.34% Q3 (Estimated) $3.0 Cost of Borrowed Funds 2.30% 2.06% 1.84% 1.85% 1.88% Net Interest Margin (1) 3.78% 3.68% 3.42% 3.21% Q4 (Estimated) $2.8 3.22% Core Net Interest Margin (1)(2) 3.44% 3.42% 3.18% 3.02% 3.04% FY21 (Estimated) $12.4 Fed Funds Target Rate 1.75% 0.25% 0.25% 0.25% 0.25% $120 $112 $114 HISTORICAL LOAN DISCOUNT BALANCE & ACCRETION INCOME $100 $80 $60 $40 $20 $77 LLL $17 $89 $56 $46 $40 $38 $36 $28 $24 $87 $49 $41 $40 $42 $35 2012 2013 2014 2015 2016 2017 2018 2019 2020 Loan Discount Balance Accretion Income (1) Fully tax equivalent using an effective tax rate of 26.135%. $ (2) Core loan yield and core net interest margin exclude accretion and are non-GAAP measurements. See Appendix for non-GAAP reconciliations. 21

View entire presentation