Investor Presentaiton

Disciplined Expense Management 62.1% Efficiency Ratio % 57.4% 56.6% 56.5% 52.04% 53.1% 53.2% 48.4% 48.0% 47.7% 47.4% ✓ The efficiency ratio improved compared to last quarter due to continuing strong growth in Net Interest Income ✓ Year over year comparisons are also positively impacted due to merger-related cost savings 4Q21 1Q22 2Q22 3Q22 KRX Peer Median GAAP --Operating Noninterest Expense $ 4Q22 $ in millions $119.3 $120.8 $109.2 $110.3 $113.6 $112.8 $111.0 $117.3 $115.9 $99.2 4Q21 1Q22 2Q22 3Q22 4Q22 GAAP Operating ✓ Total operating expenses increased by $4.9 million quarter over quarter; notable items include: ✓ $939,000 in salaries driven by mid-year inflation driven increases ✓ $1.1 million in lower deferred costs from lower mortgage volume ✓ $700,000 in increased FDIC expenses, as assessment rates are increasing industry-wide 16 U UNITED

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