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Tj ET Q q 0 0 0 rg BT 82.68 586.10 Td (Y) Tj ET Q q 0 0 0 rg BT 88.90 586.10 Td (es) Tj ET Q /GS0 gs q 10.60 0 0 10.09 102.23 583.94 cm /I8 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.83 586.10 Td (No) Tj ET Q /GS0 gs q 8.91 0 0 10.09 140.05 583.94 cm /I9 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Indicate by check mark if disclosure of delinquent filers pursuant to Item405 of RegulationS-K is not contained herein, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (will not be contained, to the best of registrant) Tj ET Q q 0 0 0 rg BT 234.12 550.10 Td (s knowledge, in definitive proxy or information statements incorporated by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (reference in Part III of this Form10-K or any amendment to this Form 10-K.) Tj ET Q /GS0 gs q 8.91 0 0 10.09 362.43 535.94 cm /I10 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Indicate by check mark whether the registrant is a lar) Tj ET Q q 0 0 0 rg BT 262.23 514.10 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 337.88 514.10 Td (, an accelerated filer) Tj ET Q q 0 0 0 rg BT 418.53 514.10 Td (, a non-accelerated filer) Tj ET Q q 0 0 0 rg BT 512.50 514.10 Td (, or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (smaller reporting company) Tj ET Q q 0 0 0 rg BT 157.09 502.10 Td (. See the definitions of lar) Tj ET Q q 0 0 0 rg BT 264.66 502.10 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 340.31 502.10 Td (, smaller reporting company and "emer) Tj ET Q q 0 0 0 rg BT 509.69 502.10 Td (ging growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.70 Td (company" in Rule12b-2 of the Exchange) Tj ET Q q 0 0 0 rg BT 217.65 487.70 Td (Act. \(Check One\):) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 291.24 487.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 466.87 Td (Lar) Tj ET Q q 0 0 0 rg BT 66.79 466.87 Td (geacceleratedfiler) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.00 466.87 Td () Tj ET Q /GS0 gs q 10.60 0 0 9.76 158.00 464.74 cm /I11 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 466.87 Td (Acceleratedfiler) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 466.87 Td () Tj ET Q /GS0 gs q 8.91 0 0 9.76 551.00 464.74 cm /I12 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 447.87 Td (Non-accelerated filer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.00 447.87 Td () Tj ET Q /GS0 gs q 8.91 0 0 9.76 158.00 445.74 cm /I13 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 447.87 Td (Smallerreportingcompany) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 447.87 Td () Tj ET Q /GS0 gs q 8.91 0 0 9.76 551.00 445.74 cm /I14 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 422.87 Td (Emer) Tj ET Q q 0 0 0 rg BT 447.56 422.87 Td (ging growth company) Tj ET Q /GS0 gs q 8.91 0 0 9.76 551.00 420.74 cm /I15 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 408.77 Td (If an emer) Tj ET Q q 0 0 0 rg BT 93.90 408.77 Td (ging growth company) Tj ET Q q 0 0 0 rg BT 181.02 408.77 Td (, indicate by check mark if the registrant has elected not to use the extended transition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 398.77 Td (period for complying with any new or revised financial accounting standards provided pursuant to Section 13\(a\) of the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 388.77 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 94.37 388.77 Td (Act.) Tj ET Q /GS0 gs q 8.91 0 0 9.76 551.00 387.74 cm /I16 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.70 Td (Indicate by check mark whether the registrant is a shell company \(as defined in Rule 12b-2 of the ) Tj ET Q q 0 0 0 rg BT 441.54 361.70 Td (Act\).) Tj ET Q q 0 0 0 rg BT 471.44 361.70 Td (Y) Tj ET Q q 0 0 0 rg BT 477.66 361.70 Td (es) Tj ET Q /GS0 gs q 8.91 0 0 10.09 490.99 359.54 cm /I17 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.90 361.70 Td (No) Tj ET Q /GS0 gs q 10.60 0 0 10.09 527.12 359.54 cm /I18 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.70 Td (The aggregate market value of common stock held by non-af) Tj ET Q q 0 0 0 rg BT 293.90 337.70 Td (filiates of the registrant was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.73 337.70 Td ($814,989,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.73 337.70 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.70 Td (June30, 2017, based upon the closing price quoted on the New ) Tj ET Q q 0 0 0 rg BT 305.13 325.70 Td (Y) Tj ET Q q 0 0 0 rg BT 311.35 325.70 Td (ork Stock Exchange for such date. Shares of common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.70 Td (held by each executive of) Tj ET Q q 0 0 0 rg BT 151.99 313.70 Td (ficer and director have been excluded because such persons may under certain circumstances be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.70 Td (deemed to be af) Tj ET Q q 0 0 0 rg BT 113.40 301.70 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 145.43 301.70 Td (This determination of executive of) Tj ET Q q 0 0 0 rg BT 283.54 301.70 Td (ficer or af) Tj ET Q q 0 0 0 rg BT 322.77 301.70 Td (filiate status is not necessarily a conclusive determination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.70 Td (for other purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.70 Td (On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.72 265.70 Td (February16, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.32 265.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.32 265.70 Td (31,439,416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.32 265.70 Td ( shares of common stock were outstanding.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.40 241.70 Td (DOCUMENTS INCORPORA) Tj ET Q q 0 0 0 rg BT 319.83 241.70 Td (TED BY) Tj ET Q q 0 0 0 rg BT 356.41 241.70 Td ( REFERENCE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.70 Td (Portions of the registrant) Tj ET Q q 0 0 0 rg BT 151.93 217.70 Td (s definitive proxy statement to be delivered to shareholders in connection with the 2018 ) Tj ET Q q 0 0 0 rg BT 504.62 217.70 Td (Annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.70 Td (Meeting of Shareholders are incorporated by reference into Part III of this ) Tj ET Q q 0 0 0 rg BT 347.67 205.70 Td (Annual Report.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 191.20000000000005 m 561.5 191.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 187.20000000000005 m 561.5 187.20000000000005 l s BT /F1 10.00 Tf ET endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.85 742.25 Td (INDEX) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 711.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 124.00 711.00 Td () Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 537.35 709.730078125 m 558.97890625 709.730078125 l s q 0 0 0 rg BT 537.35 710.98 Td (P) Tj ET Q q 0 0 0 rg BT 541.64 710.98 Td (AGE) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 682.43 Td (P) Tj ET Q q 0 0 0 rg BT 58.37 682.43 Td (AR) Tj ET Q q 0 0 0 rg BT 72.46 682.43 Td (T) Tj ET Q q 0 0 0 rg BT 78.95 682.43 Td (I) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 666.0833984375 m 99.3251953125 666.0833984375 l s q 0 0 0 rg BT 71.00 667.42 Td (Item1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 667.42 Td (Business) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 651.0833984375 m 106.546875 651.0833984375 l s q 0 0 0 rg BT 71.00 652.42 Td (Item1A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 652.42 Td (Risk Factors) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 636.0833984375 m 105.9951171875 636.0833984375 l s q 0 0 0 rg BT 71.00 637.42 Td (Item1B.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 637.42 Td (Unresolved Staf) Tj ET Q q 0 0 0 rg BT 188.53 637.42 Td (f Comments) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 621.0833984375 m 99.3251953125 621.0833984375 l s q 0 0 0 rg BT 71.00 622.42 Td (Item2.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 622.42 Td (Properties) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 606.0833984375 m 99.3251953125 606.0833984375 l s q 0 0 0 rg BT 71.00 607.42 Td (Item3.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 607.42 Td (Legal Proceedings) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 591.0833984375 m 99.3251953125 591.0833984375 l s q 0 0 0 rg BT 71.00 592.42 Td (Item4.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 592.42 Td (Mine Safety Disclosures) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 563.43 Td (P) Tj ET Q q 0 0 0 rg BT 58.37 563.43 Td (AR) Tj ET Q q 0 0 0 rg BT 72.46 563.43 Td (T) Tj ET Q q 0 0 0 rg BT 78.95 563.43 Td (II) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 537.0833984375 m 99.3251953125 537.0833984375 l s q 0 0 0 rg BT 71.00 538.42 Td (Item5.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 548.42 Td (Market for Registrant) Tj ET Q q 0 0 0 rg BT 213.42 548.42 Td (s Common Equity) Tj ET Q q 0 0 0 rg BT 285.55 548.42 Td (, Related Stockholder Matters and Issuer Purchases of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 538.42 Td (Equity Securities) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 522.0833984375 m 99.3251953125 522.0833984375 l s q 0 0 0 rg BT 71.00 523.42 Td (Item6.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 523.42 Td (Selected Financial Data) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 507.0833984375 m 99.3251953125 507.0833984375 l s q 0 0 0 rg BT 71.00 508.42 Td (Item7.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 508.42 Td (Management) Tj ET Q q 0 0 0 rg BT 178.98 508.42 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 248.15 508.42 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 492.0833984375 m 106.546875 492.0833984375 l s q 0 0 0 rg BT 71.00 493.42 Td (Item7A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 493.42 Td (Quantitative and Qualitative Disclosures about Market Risk) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 477.0833984375 m 99.3251953125 477.0833984375 l s q 0 0 0 rg BT 71.00 478.42 Td (Item8.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 478.42 Td (Financial Statements and Supplementary Data) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 462.0833984375 m 99.3251953125 462.0833984375 l s q 0 0 0 rg BT 71.00 463.42 Td (Item9.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 463.42 Td (Changes in and Disagreements with ) Tj ET Q q 0 0 0 rg BT 269.81 463.42 Td (Accountants on ) Tj ET Q q 0 0 0 rg BT 334.24 463.42 Td (Accounting and Financial Disclosure) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 447.0833984375 m 106.546875 447.0833984375 l s q 0 0 0 rg BT 71.00 448.42 Td (Item9A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 448.42 Td (Controls and Procedures) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 432.0833984375 m 105.9951171875 432.0833984375 l s q 0 0 0 rg BT 71.00 433.42 Td (Item9B.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 433.42 Td (Other Information) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 404.43 Td (P) Tj ET Q q 0 0 0 rg BT 58.37 404.43 Td (AR) Tj ET Q q 0 0 0 rg BT 72.46 404.43 Td (T) Tj ET Q q 0 0 0 rg BT 78.95 404.43 Td (III) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 388.0833984375 m 104.3251953125 388.0833984375 l s q 0 0 0 rg BT 71.00 389.42 Td (Item10.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 389.42 Td (Directors, Executive Of) Tj ET Q q 0 0 0 rg BT 219.06 389.42 Td (ficers and Corporate Governance) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 373.0833984375 m 103.9541015625 373.0833984375 l s q 0 0 0 rg BT 71.00 374.42 Td (Item1) Tj ET Q q 0 0 0 rg BT 96.64 374.42 Td (1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 374.42 Td (Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 348.0833984375 m 104.3251953125 348.0833984375 l s q 0 0 0 rg BT 71.00 349.42 Td (Item12.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 359.42 Td (Security Ownership of Certain Beneficial Owners and Management and Related Stockholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 349.42 Td (Matters) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 333.0833984375 m 104.3251953125 333.0833984375 l s q 0 0 0 rg BT 71.00 334.42 Td (Item13.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 334.42 Td (Certain Relationships and Related ) Tj ET Q q 0 0 0 rg BT 262.68 334.42 Td (T) Tj ET Q q 0 0 0 rg BT 268.43 334.42 Td (ransactions, and Director Independence) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 318.0833984375 m 104.3251953125 318.0833984375 l s q 0 0 0 rg BT 71.00 319.42 Td (Item14.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 319.42 Td (Principal ) Tj ET Q q 0 0 0 rg BT 162.05 319.42 Td (Accounting Fees and Services) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 290.43 Td (P) Tj ET Q q 0 0 0 rg BT 58.37 290.43 Td (AR) Tj ET Q q 0 0 0 rg BT 72.46 290.43 Td (T) Tj ET Q q 0 0 0 rg BT 78.95 290.43 Td (IV) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 71 274.0833984375 m 104.3251953125 274.0833984375 l s q 0 0 0 rg BT 71.00 275.42 Td (Item15.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 275.42 Td (Exhibits and Financial Statement Schedules) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.00 260.42 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 153.45 260.42 Td (TURES) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.00 667.42 Td (5) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 652.42 Td (20) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 637.42 Td (51) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 622.42 Td (51) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 607.42 Td (52) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 592.42 Td (53) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 538.42 Td (54) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 523.42 Td (57) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 508.42 Td (60) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 493.42 Td (94) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 478.42 Td (97) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 463.42 Td (176) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 448.42 Td (176) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 433.42 Td (176) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 389.42 Td (177) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 374.42 Td (177) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 349.42 Td (177) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 334.42 Td (177) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 319.42 Td (177) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 275.42 Td (178) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 260.42 Td (181) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.50 742.25 Td (FOR) Tj ET Q q 0 0 0 rg BT 240.26 742.25 Td (W) Tj ET Q q 0 0 0 rg BT 249.15 742.25 Td (ARD-LOOKING ST) Tj ET Q q 0 0 0 rg BT 337.03 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 343.51 742.25 Td (TEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (This ) Tj ET Q q 0 0 0 rg BT 69.73 718.25 Td (Annual Report on Form 10-K, as well as other written or oral communications made from time to time by us, contains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (forward-looking information within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Act of 1995. ) Tj ET Q q 0 0 0 rg BT 105.09 694.25 Td (These statements relate to future events or future predictions, including events or predictions relating to future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (financial performance, and are generally identifiable by the use of forward-looking terminology such as believe, expect, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (may) Tj ET Q q 0 0 0 rg BT 71.01 670.25 Td (, will, should, plan, intend, or anticipate or the negative thereof or comparable terminology) Tj ET Q q 0 0 0 rg BT 482.40 670.25 Td (. Forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (statements reflect numerous assumptions, estimates and forecasts as to future events. No assurance can be given that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (assumptions, estimates and forecasts underlying such forward-looking statements will accurately reflect future conditions, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (that any guidance, goals, tar) Tj ET Q q 0 0 0 rg BT 162.00 634.25 Td (gets or projected results will be realized. ) Tj ET Q q 0 0 0 rg BT 328.71 634.25 Td (The assumptions, estimates and forecasts underlying such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (forward-looking statements involve judgments with respect to, among other things, future economic, competitive, regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (and financial market conditions and future business decisions, which may not be realized and which are inherently subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (significant business, economic, competitive and regulatory uncertainties and known and unknown risks, including the risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (described under Risk Factors in this ) Tj ET Q q 0 0 0 rg BT 204.41 586.25 Td (Annual Report on Form 10-K, as such factors may be updated from time to time in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (filings with the SEC, including our Quarterly Reports on Form 10-Q. Our actual results may dif) Tj ET Q q 0 0 0 rg BT 435.32 574.25 Td (fer materially from those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (reflected in the forward-looking statements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (In addition to the risks described in the Risk Factors section of this ) Tj ET Q q 0 0 0 rg BT 328.01 538.25 Td (Annual Report on Form 10-K and the other reports we file ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (with the SEC, important factors to consider and evaluate with respect to such forward-looking statements include:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 519.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.35 507.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 507.05 Td (Changes in external competitive market factors that might impact ourresults of operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.35 489.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 489.05 Td (Changes in laws and regulations, including without limitation changes in capital requirements under Basel III;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.35 471.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 471.05 Td (The impact of the federal ) Tj ET Q q 0 0 0 rg BT 178.73 471.05 Td (T) Tj ET Q q 0 0 0 rg BT 184.14 471.05 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 253.59 471.05 Td (Act of 2017, including, but not limited to, the ef) Tj ET Q q 0 0 0 rg BT 445.60 471.05 Td (fect of a lower federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 459.05 Td (corporate income tax rate, and the ef) Tj ET Q q 0 0 0 rg BT 221.48 459.05 Td (fect on the valuation of our tax assets and liabilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.35 441.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 441.05 Td (Changes inour business strategy or an inability to executeour strategy due to the occurrence of unanticipated events;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.35 423.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 423.05 Td (Local, regional and national economic conditions and events, including real estate values, and the impact they may have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 411.05 Td (on us and our customers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.35 393.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 393.05 Td (Costs and ef) Tj ET Q q 0 0 0 rg BT 124.61 393.05 Td (fects of regulatory and legal developments, including of) Tj ET Q q 0 0 0 rg BT 348.25 393.05 Td (ficial and unof) Tj ET Q q 0 0 0 rg BT 406.37 393.05 Td (ficial interpretations by regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 381.05 Td (agencies of laws and regulations, the results of regulatory examinations and the outcome of regulatory or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 369.05 Td (governmental inquiries and proceedings, such as fines or restrictions on our business activities; 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) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.35 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 610.10 Td (Customers Bank) Tj ET Q q 0 0 0 rg BT 144.51 610.10 Td (s ability to pay dividends to Customers Bancorp;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.35 592.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 592.10 Td (Risks related to our proposed spin-of) Tj ET Q q 0 0 0 rg BT 223.20 592.10 Td (f of BankMobile and mer) Tj ET Q q 0 0 0 rg BT 324.66 592.10 Td (ger of BankMobile into Flagship Community Bank, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 580.10 Td (including:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 84.35 559.94 cm /I19 Do Q q 0 0 0 rg BT 88.35 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 562.10 Td (Our ability to successfully complete the transactions as designed and intended and the timing of completion, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 550.10 Td (the potential ef) Tj ET Q q 0 0 0 rg BT 171.14 550.10 Td (fects on us if we are unable to complete the transactions;) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 84.35 529.94 cm /I20 Do Q q 0 0 0 rg BT 88.35 532.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 532.10 Td (The ability of Customers and Flagship Community Bank to meet all of the conditions to completion of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 520.10 Td (proposed transactions;) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 84.35 499.94 cm /I21 Do Q q 0 0 0 rg BT 88.35 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 502.10 Td (The possibility that the transactions may be more expensive to complete than anticipated;) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 84.35 481.94 cm /I22 Do Q q 0 0 0 rg BT 88.35 484.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 484.10 Td (The possibility that the expected benefits of the transactions to us and our shareholders may not be achieved;) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 84.35 463.94 cm /I23 Do Q q 0 0 0 rg BT 88.35 466.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 466.10 Td (The possibility that the proposed transactions may be determined to be taxable to Customers or Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 454.10 Td (shareholders receiving Flagship Community Bank shares in the mer) Tj ET Q q 0 0 0 rg BT 382.78 454.10 Td (ger) Tj ET Q q 0 0 0 rg BT 395.15 454.10 Td (, or both;) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 84.35 433.94 cm /I24 Do Q q 0 0 0 rg BT 88.35 436.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 436.10 Td (The possibility that the proposed transactions may be amended to address regulatory) Tj ET Q q 0 0 0 rg BT 448.67 436.10 Td (, legal or operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 424.10 Td (concerns;) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 84.35 403.94 cm /I25 Do Q q 0 0 0 rg BT 88.35 406.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 406.10 Td (The possibility that the proposed transactions may be completed later than mid-2018, or not at all; and) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 84.35 385.94 cm /I26 Do Q q 0 0 0 rg BT 88.35 388.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 388.10 Td (The impact of the announcement of the proposed spin-of) Tj ET Q q 0 0 0 rg BT 338.32 388.10 Td (f and mer) Tj ET Q q 0 0 0 rg BT 376.46 388.10 Td (ger on the value of our securities, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 376.10 Td (business and our relationships with team members and customers;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.35 358.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 358.10 Td (Risks relating to BankMobile, including:) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 84.35 337.94 cm /I27 Do Q q 0 0 0 rg BT 88.35 340.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 340.10 Td (Material variances in the adoption rate of BankMobile's services by new students and/or the usage rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 328.10 Td (BankMobile's services by current student customers compared to our expectations;) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 84.35 307.94 cm /I28 Do Q q 0 0 0 rg BT 88.35 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 310.10 Td (The levels of usage of other BankMobile student customers following graduation of additional product and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 298.10 Td (service of) Tj ET Q q 0 0 0 rg BT 150.31 298.10 Td (ferings of BankMobile or Customers Bank, including mortgages and consumer loans, and the mix of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 286.10 Td (products and services used;) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 84.35 265.94 cm /I29 Do Q q 0 0 0 rg BT 88.35 268.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 268.10 Td (Our ability to implement changes to BankMobile's product and service of) Tj ET Q q 0 0 0 rg BT 405.12 268.10 Td (ferings under current and future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 256.10 Td (regulations and governmental policies;) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 84.35 235.94 cm /I30 Do Q q 0 0 0 rg BT 88.35 238.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 238.10 Td (Our ability to ef) Tj ET Q q 0 0 0 rg BT 175.32 238.10 Td (fectively manage revenue and expense fluctuations that may occur with respect to BankMobile's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 226.10 Td (student-oriented business activities, which result from seasonal factors related to the higher) Tj ET Q q 0 0 0 rg BT 476.04 226.10 Td (-education academic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 214.10 Td (year;) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 84.35 193.94 cm /I31 Do Q q 0 0 0 rg BT 88.35 196.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 196.10 Td (Our ability to implement our strategy regarding BankMobile, including with respect to our intent to spin-of) Tj ET Q q 0 0 0 rg BT 539.97 196.10 Td (f and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 184.10 Td (mer) Tj ET Q q 0 0 0 rg BT 126.72 184.10 Td (ge or otherwise dispose of the BankMobile business in the future, depending upon market conditions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 172.10 Td (opportunities and) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 4.00 0 0 10.09 84.35 151.94 cm /I32 Do Q q 0 0 0 rg BT 88.35 154.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 154.10 Td (BankMobile's ability to successfully implement its growth strategy) Tj ET Q q 0 0 0 rg BT 378.30 154.10 Td (, including development of white label ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.35 142.10 Td (deposit relationships, and control expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.70 Td (Y) Tj ET Q q 0 0 0 rg BT 56.22 115.70 Td (ou are cautioned not to place undue reliance on any forward-looking statements we make, which speak only as of the date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.70 Td (they are made. ) Tj ET Q q 0 0 0 rg BT 113.40 103.70 Td (W) Tj ET Q q 0 0 0 rg BT 122.04 103.70 Td (e do not undertake any obligation to release publicly or otherwise provide any revisions to any forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.70 Td (looking statements we may make, including any forward-looking financial information, to reflect events or circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.70 Td (occurring after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.70 Td (law) Tj ET Q q 0 0 0 rg BT 63.79 67.70 Td (.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (CUST) Tj ET Q q 0 0 0 rg BT 76.49 742.25 Td (OMERS BANCORP) Tj ET Q q 0 0 0 rg BT 164.19 742.25 Td (, INC. ) Tj ET Q q 0 0 0 rg BT 191.97 742.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (P) Tj ET Q q 0 0 0 rg BT 55.37 724.25 Td (AR) Tj ET Q q 0 0 0 rg BT 69.46 724.25 Td (T) Tj ET Q q 0 0 0 rg BT 75.95 724.25 Td ( I) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 717.05 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 695.05 Td (Item1. ) Tj ET Q q 0 0 0 rg BT 86.00 695.05 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.05 Td (Customers Bancorp, Inc. \(the Bancorp or Customers Bancorp\) is a bank holding company engaged in banking activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.05 Td (through its wholly owned subsidiary) Tj ET Q q 0 0 0 rg BT 195.45 661.05 Td (, Customers Bank \(Customers Bank or the Bank\), collectively referred to as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.05 Td ("Customers" herein. Customers Bank is principally a commercial bank that has a branch-light strategy that serves its customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.05 Td (through a single-point-of-contact private banking strategy) Tj ET Q q 0 0 0 rg BT 280.67 637.05 Td (. In addition, Customers Bank has BankMobile, a division of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.05 Td (Customers Bank, which of) Tj ET Q q 0 0 0 rg BT 156.47 625.05 Td (fers state-of-the-art high-tech digital banking services to consumers, students and the "under banked" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.05 Td (nationwide. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 591.05 Td (In third quarter 2017, Customers decided that the best strategy for its shareholders to realize the value of the BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 579.05 Td (business was to divest the BankMobile business through a spin-of) Tj ET Q q 0 0 0 rg BT 313.41 579.05 Td (f of BankMobile to Customers' shareholders, to be followed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 567.05 Td (by a mer) Tj ET Q q 0 0 0 rg BT 84.80 567.05 Td (ger of our BankMobile ) Tj ET Q q 0 0 0 rg BT 179.05 567.05 Td (T) Tj ET Q q 0 0 0 rg BT 184.46 567.05 Td (echnologies, Inc. subsidiary \("BMT"\) into Flagship Community Bank \("Flagship"\). ) Tj ET Q q 0 0 0 rg BT 522.71 567.05 Td (An ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 555.05 Td (Amended and Restated Purchase and ) Tj ET Q q 0 0 0 rg BT 200.23 555.05 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 250.52 555.05 Td (Agreement and Plan of Mer) Tj ET Q q 0 0 0 rg BT 361.97 555.05 Td (ger \(the Amended ) Tj ET Q q 0 0 0 rg BT 440.55 555.05 Td (Agreement\) with Flagship to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 543.05 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 543.05 Td (fect the spin-of) Tj ET Q q 0 0 0 rg BT 117.94 543.05 Td (f and mer) Tj ET Q q 0 0 0 rg BT 156.07 543.05 Td (ger and Flagship) Tj ET Q q 0 0 0 rg BT 225.51 543.05 Td (s related purchase of BankMobile deposits from Customers was executed on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 531.05 Td (November 17, 2017. Per the provisions of the ) Tj ET Q q 0 0 0 rg BT 236.92 531.05 Td (Amended ) Tj ET Q q 0 0 0 rg BT 277.74 531.05 Td (Agreement, the spin-of) Tj ET Q q 0 0 0 rg BT 370.03 531.05 Td (f will be followed by a mer) Tj ET Q q 0 0 0 rg BT 478.71 531.05 Td (ger of BMT) Tj ET Q q 0 0 0 rg BT 526.30 531.05 Td ( into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 519.05 Td (Flagship, with Customers' shareholders first receiving shares of BMT) Tj ET Q q 0 0 0 rg BT 327.96 519.05 Td ( as a dividend in the spin-of) Tj ET Q q 0 0 0 rg BT 438.87 519.05 Td (f and then receiving shares of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.05 Td (Flagship common stock in the mer) Tj ET Q q 0 0 0 rg BT 188.41 507.05 Td (ger of BMT) Tj ET Q q 0 0 0 rg BT 236.00 507.05 Td ( into Flagship in exchange for the shares of BMT) Tj ET Q q 0 0 0 rg BT 432.72 507.05 Td ( common stock they received in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.05 Td (the spin-of) Tj ET Q q 0 0 0 rg BT 92.87 495.05 Td (f. Following completion of the spin-of) Tj ET Q q 0 0 0 rg BT 248.50 495.05 Td (f and mer) Tj ET Q q 0 0 0 rg BT 286.64 495.05 Td (ger) Tj ET Q q 0 0 0 rg BT 299.00 495.05 Td (, BMT's shareholders would receive collectively more than 50% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.05 Td (of Flagship common stock. Flagship will subsequently separately purchase BankMobile deposits directly from Customers for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.05 Td (cash. Customers expects the transactions to close in mid-2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.05 Td (For a description of certain risks relating to the proposed spin-of) Tj ET Q q 0 0 0 rg BT 307.53 449.05 Td (f of BankMobile and mer) Tj ET Q q 0 0 0 rg BT 408.99 449.05 Td (ger with Flagship Community Bank, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.05 Td (please see Risk Factors - Risks Related to the Proposed spin-of) Tj ET Q q 0 0 0 rg BT 306.44 437.05 Td (f of BankMobile and Mer) Tj ET Q q 0 0 0 rg BT 409.01 437.05 Td (ger with Flagship Bank.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 415.05 Td (Business Summary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.05 Td (Customers Bancorp, through its wholly owned subsidiary Customers Bank, provides financial products and services to small ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.05 Td (and middle market businesses, not-for) Tj ET Q q 0 0 0 rg BT 202.27 381.05 Td (-profits, and consumers through its branches and of) Tj ET Q q 0 0 0 rg BT 407.59 381.05 Td (fices in Southeastern Pennsylvania ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.05 Td (\(Bucks, Berks, Chester) Tj ET Q q 0 0 0 rg BT 141.81 369.05 Td (, Delaware and Philadelphia Counties\), R) Tj ET Q q 0 0 0 rg BT 307.20 369.05 Td (ye Brook, Melville and New ) Tj ET Q q 0 0 0 rg BT 423.47 369.05 Td (Y) Tj ET Q q 0 0 0 rg BT 429.69 369.05 Td (ork, New ) Tj ET Q q 0 0 0 rg BT 469.03 369.05 Td (Y) Tj ET Q q 0 0 0 rg BT 475.25 369.05 Td (ork \(W) Tj ET Q q 0 0 0 rg BT 503.05 369.05 Td (estchester) Tj ET Q q 0 0 0 rg BT 542.07 369.05 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.05 Td (Suf) Tj ET Q q 0 0 0 rg BT 63.71 357.05 Td (folk and New ) Tj ET Q q 0 0 0 rg BT 120.27 357.05 Td (Y) Tj ET Q q 0 0 0 rg BT 126.49 357.05 Td (ork Counties\), Hamilton, New Jersey \(Mercer County\), Providence, Rhode Island \(Providence County\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.05 Td (Portsmouth, New Hampshire \(Rockingham County\) and Boston, Massachusetts \(Suf) Tj ET Q q 0 0 0 rg BT 388.68 345.05 Td (folk County\). Customers Bank also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.05 Td (provides liquidity to the mortgage market nationwide through the operation of its loans to mortgage banking businesses. ) Tj ET Q q 0 0 0 rg BT 535.19 333.05 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.05 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 321.05 Td (, Customers had total assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.73 321.05 Td ($9.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.85 321.05 Td (, including loans, net of the allowance for loan losses \(including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.05 Td (held-for) Tj ET Q q 0 0 0 rg BT 82.01 309.05 Td (-sale loans\) of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.15 309.05 Td ($8.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.27 309.05 Td (, total deposits of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 309.05 Td ($6.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.76 309.05 Td ( and shareholders) Tj ET Q q 0 0 0 rg BT 377.32 309.05 Td ( equity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 309.05 Td ($0.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.26 309.05 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.05 Td (Customers dif) Tj ET Q q 0 0 0 rg BT 106.21 285.05 Td (ferentiates itself through its unique single-point-of-contact business strategy executed by very experienced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.05 Td (management teams. Customers' strategic plan is to become a leading regional bank holding company through or) Tj ET Q q 0 0 0 rg BT 500.67 273.05 Td (ganic growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.05 Td (and value-added acquisitions. Customers dif) Tj ET Q q 0 0 0 rg BT 229.78 261.05 Td (ferentiates itself from its competitors through its focus on exceptional customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.05 Td (service supported by state-of-the-art technology) Tj ET Q q 0 0 0 rg BT 240.95 249.05 Td (. ) Tj ET Q q 0 0 0 rg BT 248.27 249.05 Td (The primary customers of Customers Bank are privately held businesses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.05 Td (business customers, not-for) Tj ET Q q 0 0 0 rg BT 159.51 237.05 Td (-profit or) Tj ET Q q 0 0 0 rg BT 195.70 237.05 Td (ganizations and consumers. Customers Bank also focuses on certain low-cost specialty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.05 Td (lending areas such as multi-family/commercial real estate lending and lending to commercial mortgage banking businesses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.05 Td (Customers Bank) Tj ET Q q 0 0 0 rg BT 119.17 213.05 Td (s lending activities are funded in part by deposits from its branch model, which seeks higher deposit levels per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.05 Td (branch than a typical bank, combined with lower branch operating expenses, without sacrificing exceptional customer service. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.05 Td (Customers also creates franchise value through its disciplined approach to acquisitions, both in terms of identifying tar) Tj ET Q q 0 0 0 rg BT 524.43 189.05 Td (gets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.05 Td (structuring transactions. Enterprise risk management is an important part of the strategies Customers employs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.05 Td (Customers launched BankMobile as a key strategic initiative in January 2015, recognizing the product delivery flexibility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.05 Td (demanded by the millennial generation and the low cost of the smart phone delivery channel. BankMobile refers to Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.05 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 129.05 Td (forts to build a full-service bank that is accessible to our customers anywhere and anytime through the customer's smartphone ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.05 Td (or other web-enabled device. ) Tj ET Q q 0 0 0 rg BT 170.50 117.05 Td (As part of the BankMobile strategic initiative, on June 15, 2016, Customers completed the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.05 Td (acquisition of substantially all the assets and the assumption of certain liabilities of theOneAccount Student Checking and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.05 Td (Refund Management Disbursement Services business from Higher One. Higher One was acquired by a subsidiary of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.05 Td (Blackboard, Inc. in third quarter 2016, and we continue to refer to that combined business as Higher One throughout this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.05 Td (document. BankMobile, including the Disbursement business, provides a nationwide deposit-aggregation platform. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.05 Td (BankMobile focuses on the aggregation of low-cost deposits and currently of) Tj ET Q q 0 0 0 rg BT 358.63 57.05 Td (fers no-fee banking, lines of credits to qualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.05 Td (customers, no overdraft fees, higher than average interest rates on savings and access to 55,000 ) Tj ET Q q 0 0 0 rg BT 432.65 45.05 Td (A) Tj ET Q q 0 0 0 rg BT 438.76 45.05 Td (TMs \(and if the customer ) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (makes a monthly direct deposit into their BankMobile account, over 400,000 ) Tj ET Q q 0 0 0 rg BT 359.66 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 365.77 742.10 Td (TMs\) across the U.S. Customers believes that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (consolidating BankMobile with the Disbursement business will uniquely position it to become the graduating students "bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (for life" and service each graduate's financial needs throughout their life. BankMobile's revenues are lar) Tj ET Q q 0 0 0 rg BT 467.34 718.10 Td (gely derived from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (interchange char) Tj ET Q q 0 0 0 rg BT 116.17 706.10 Td (ges paid by the product-selling vendor and user) Tj ET Q q 0 0 0 rg BT 305.64 706.10 Td (-based fees for specific activities \(such as lost card ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (replacement\). It is BankMobile's strategy to disrupt traditional banks' retail branch customer service delivery model and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (become the bank of choice for life of college students and middle-income and under) Tj ET Q q 0 0 0 rg BT 386.62 682.10 Td (-banked ) Tj ET Q q 0 0 0 rg BT 420.78 682.10 Td (Americans using its low-cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (digital delivery platform and superior deposit products, serve as a white label deposit service customer to lar) Tj ET Q q 0 0 0 rg BT 483.30 670.10 Td (ge companies, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (disrupt payday lenders and high-cost check lenders by making low-cost quality banking services available to key under) Tj ET Q q 0 0 0 rg BT 526.88 658.10 Td (-banked ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (markets. BankMobile has obtained and is applying for patents and copyrights to protect key elements of its products and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (delivery methods. ) Tj ET Q q 0 0 0 rg BT 126.47 634.10 Td (This intellectual property will allow BankMobile to continue to dif) Tj ET Q q 0 0 0 rg BT 393.74 634.10 Td (ferentiate its business from potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (competitors. ) Tj ET Q q 0 0 0 rg BT 104.16 622.10 Td (As described above, in third quarter 2017, Customers decided to spin-of) Tj ET Q q 0 0 0 rg BT 392.25 622.10 Td (f BankMobile to Customers) Tj ET Q q 0 0 0 rg BT 506.22 622.10 Td ( shareholders, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (to be followed by a mer) Tj ET Q q 0 0 0 rg BT 145.07 610.10 Td (ger with Flagship. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (The management team of Customers consists of experienced banking executives led by its Chairman and Chief Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 574.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 78.29 574.10 Td (, Jay Sidhu, who joined Customers in June 2009. Mr) Tj ET Q q 0 0 0 rg BT 290.23 574.10 Td (.Sidhu brings over 40 years of banking experience, including 20 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (years as the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 176.71 562.10 Td (ficer and Chairman of Sovereign Bancorp. In addition to Mr) Tj ET Q q 0 0 0 rg BT 419.71 562.10 Td (.Sidhu, a number of the members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (of the current management team have experience working together at Sovereign with Mr) Tj ET Q q 0 0 0 rg BT 404.87 550.10 Td (.Sidhu. Many other team members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (who have joined Customers' management team have significant experience helping build and lead other banking or) Tj ET Q q 0 0 0 rg BT 510.64 538.10 Td (ganizations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Combined, the Customers management team has significant experience in building a banking or) Tj ET Q q 0 0 0 rg BT 434.44 526.10 Td (ganization, completing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (integrating mer) Tj ET Q q 0 0 0 rg BT 111.19 514.10 Td (gers and acquisitions and developing valuable community and business relationships in its core markets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (Backgr) Tj ET Q q 0 0 0 rg BT 80.93 484.10 Td (ound and History) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Customers Bancorp was incorporated in Pennsylvania in ) Tj ET Q q 0 0 0 rg BT 278.57 466.10 Td (April 2010 to facilitate a reor) Tj ET Q q 0 0 0 rg BT 395.29 466.10 Td (ganization into a bank holding company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (structure pursuant to which Customers Bank became a wholly owned subsidiary of Customers Bancorp \(the Reor) Tj ET Q q 0 0 0 rg BT 507.77 454.10 Td (ganization\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (on September17, 201) Tj ET Q q 0 0 0 rg BT 137.39 442.10 Td (1. Pursuant to the Reor) Tj ET Q q 0 0 0 rg BT 231.65 442.10 Td (ganization, all of the issued and outstanding shares of ) Tj ET Q q 0 0 0 rg BT 448.08 442.10 Td (V) Tj ET Q q 0 0 0 rg BT 454.01 442.10 Td (oting Common Stock and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Class B Non-V) Tj ET Q q 0 0 0 rg BT 109.82 430.10 Td (oting Common Stock of Customers Bank were exchanged on a one-for) Tj ET Q q 0 0 0 rg BT 393.45 430.10 Td (-three basis for shares of ) Tj ET Q q 0 0 0 rg BT 494.07 430.10 Td (V) Tj ET Q q 0 0 0 rg BT 500.00 430.10 Td (oting Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Stock and Class B Non-V) Tj ET Q q 0 0 0 rg BT 152.04 418.10 Td (oting Common Stock, respectively) Tj ET Q q 0 0 0 rg BT 290.26 418.10 Td (, of Customers Bancorp. Customers Bancorp) Tj ET Q q 0 0 0 rg BT 474.68 418.10 Td (s corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (headquarters are located at 1015 Penn ) Tj ET Q q 0 0 0 rg BT 203.83 406.10 Td (A) Tj ET Q q 0 0 0 rg BT 210.31 406.10 Td (venue, ) Tj ET Q q 0 0 0 rg BT 239.00 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 247.84 406.10 Td (yomissing, Pennsylvania 19610. ) Tj ET Q q 0 0 0 rg BT 382.10 406.10 Td (The main telephone number is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (\(610\)933-2000.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (The deposits of Customers Bank, which was chartered as New Century Bank in 1994, are insured by the Federal Deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Insurance Corporation. Customers Bank) Tj ET Q q 0 0 0 rg BT 216.36 358.10 Td (s home of) Tj ET Q q 0 0 0 rg BT 255.62 358.10 Td (fice is located at 99 Bridge Street, Phoenixville, Pennsylvania 19460. ) Tj ET Q q 0 0 0 rg BT 537.60 358.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (main telephone number is \(610\)933-2000. BankMobile is a division of Customers Bank, first marketing its deposit products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (beginning in January 2015. ) Tj ET Q q 0 0 0 rg BT 163.32 334.10 Td (As a division of Customers Bank, BankMobile's deposits are also insured by the Federal Deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Insurance Corporation. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 300.10 Td (Executive Summary) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (Customers' Markets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (Market Criteria) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.10 Td (Customers looks to grow or) Tj ET Q q 0 0 0 rg BT 160.93 234.10 Td (ganically as well as through selective acquisitions in its current and prospective markets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.10 Td (Customers believes that there is significant opportunity to both enhance its presence in its current markets and enter new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.10 Td (complementary markets that meet its objectives. Customers focuses on markets that it believes are characterized by some or all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.10 Td (of the following:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 190.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 178.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 178.90 Td (Population density;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 163.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 163.90 Td (Concentration of business activity;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 148.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 148.90 Td (Attractive deposit bases;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 133.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 133.90 Td (Significant market share held by lar) Tj ET Q q 0 0 0 rg BT 228.43 133.90 Td (ge banks;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 118.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 118.90 Td (Advantageous competitive landscape that provides opportunity to achieve meaningful market presence;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 103.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 103.90 Td (Lack of consolidation in the banking sector and corresponding opportunities for add-on transactions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 88.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 88.90 Td (Potential for economic growth over time and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 73.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 73.90 Td (Management experience in the applicable markets.) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (BankMobile products are delivered to customers nationwide via its digital delivery channels, such as a smartphone or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (web-enable device. ) Tj ET Q q 0 0 0 rg BT 132.00 730.10 Td (The BankMobile business is currently focused on millennials, now the lar) Tj ET Q q 0 0 0 rg BT 427.04 730.10 Td (gest generation in the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (States, developing white label relationships with lar) Tj ET Q q 0 0 0 rg BT 256.72 718.10 Td (ge companies that wish to expand their relationships with their retail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (customers and employees and the under) Tj ET Q q 0 0 0 rg BT 209.47 706.10 Td (-banked who can utilize a low-cost banking services provider) Tj ET Q q 0 0 0 rg BT 454.39 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 461.34 706.10 Td (As a general retail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (deposit product and related services provider) Tj ET Q q 0 0 0 rg BT 229.26 694.10 Td (, the BankMobile segment does not have a dependency on a particular customer) Tj ET Q q 0 0 0 rg BT 548.48 694.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (but is focused on providing deposit services to college students who receive federal government loans or grants. BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (currently provides deposit products and services to students on nearly 800 college and university campuses. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (Current Markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Customers' tar) Tj ET Q q 0 0 0 rg BT 107.45 622.10 Td (get market is broadly defined as extending from the greater ) Tj ET Q q 0 0 0 rg BT 346.62 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 355.26 622.10 Td (ashington, D.C. area to Boston, Massachusetts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (roughly following Interstate 95. ) Tj ET Q q 0 0 0 rg BT 181.65 610.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.09 610.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.67 610.10 Td (, Customers had bank branches or limited purpose of) Tj ET Q q 0 0 0 rg BT 495.83 610.10 Td (fices \(LPOs\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 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441.27 Td (LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 427.17 Td (Suf) Tj ET Q q 0 0 0 rg BT 66.80 427.17 Td (folk County) Tj ET Q q 0 0 0 rg BT 114.44 427.17 Td (, NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 426.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 426.27 Td (LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 412.17 Td (W) Tj ET Q q 0 0 0 rg BT 61.64 412.17 Td (estchester County) Tj ET Q q 0 0 0 rg BT 132.36 412.17 Td (, NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 411.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.45 411.27 Td (Branch/LPO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (Customers believes its tar) Tj ET Q q 0 0 0 rg BT 152.86 383.10 Td (get market has highly attractive demographic, economic and competitive dynamics that are consistent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (with its objectives and favorable to executing its or) Tj ET Q q 0 0 0 rg BT 254.21 371.10 Td (ganic growth and acquisition strategies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (The BankMobile suite of deposit products and services is provided nationally through digital delivery channels, such as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (smartphone or other web-enabled device. ) Tj ET Q q 0 0 0 rg BT 217.53 335.10 Td (The BankMobile deposit products and services are available nationwide throughout ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (the United States. Customers believes that digital delivery without geographic limitations is the future of retail banking. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (Prospective Markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (The or) Tj ET Q q 0 0 0 rg BT 76.20 275.10 Td (ganic growth strategy of Customers focuses on expanding market share in its existing and contiguous markets by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.10 Td (generating deposits, loan and fee-based services through its Concier) Tj ET Q q 0 0 0 rg BT 321.68 263.10 Td (ge Banking high-touch single-point-of-contact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (personalized service supported by state-of-the-art technology for its commercial, consumer) Tj ET Q q 0 0 0 rg BT 413.91 251.10 Td (, not-for) Tj ET Q q 0 0 0 rg BT 446.48 251.10 Td (-profit and specialized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (lending markets. ) Tj ET Q q 0 0 0 rg BT 121.47 239.10 Td (While Customers has not acquired any banks since 201) Tj ET Q q 0 0 0 rg BT 342.16 239.10 Td (1, its bank acquisition strategy is focused on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (undervalued and troubled community banks in Pennsylvania, New Jersey) Tj ET Q q 0 0 0 rg BT 342.90 227.10 Td (, New ) Tj ET Q q 0 0 0 rg BT 368.91 227.10 Td (Y) Tj ET Q q 0 0 0 rg BT 375.13 227.10 Td (ork, Maryland, ) Tj ET Q q 0 0 0 rg BT 437.15 227.10 Td (V) Tj ET Q q 0 0 0 rg BT 443.77 227.10 Td (ir) Tj ET Q q 0 0 0 rg BT 449.70 227.10 Td (ginia and New England, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.10 Td (where such acquisitions further Customers' objectives and meet its critical success factors. Customers will also consider other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (acquisitions that will contribute to its banking business. ) Tj ET Q q 0 0 0 rg BT 276.65 203.10 Td (As Customers evaluates potential acquisition and asset purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (opportunities, it believes that there are many banking institutions that continue to face credit challenges, capital constraints and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (liquidity issues and that lack the scale and management expertise to manage the increasing regulatory burden. ) Tj ET Q q 0 0 0 rg BT 493.56 179.10 Td (The BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (suite of deposit products and services is delivered through digital delivery channels, such as a smartphone or other web-enabled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (device across the United States. ) Tj ET Q q 0 0 0 rg BT 181.35 155.10 Td (As such, the product does not have geographic limitations. Currently) Tj ET Q q 0 0 0 rg BT 458.42 155.10 Td (, BankMobile is focused ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (on the market for deposits but is developing loan products and relationships with market place lenders that will facilitate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (competing in loan markets prospectively) Tj ET Q q 0 0 0 rg BT 212.08 131.10 Td (, either as a direct lender or referral to other lenders. ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Competitive Strengths) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 735.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 723.05 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 723.05 Td (Experienced and r) Tj ET Q q 0 0 0 rg BT 179.54 723.05 Td (espected management team.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 723.05 Td ( ) Tj ET Q q 0 0 0 rg BT 293.95 723.05 Td (An integral element of the business strategy of Customers is to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 711.05 Td (capitalize on and leverage the prior experience of its executive management team. ) Tj ET Q q 0 0 0 rg BT 436.54 711.05 Td (The management team is led ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 699.05 Td (by Chairman and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 254.99 699.05 Td (ficer) Tj ET Q q 0 0 0 rg BT 272.91 699.05 Td (, Jay Sidhu, who is the former Chief Executive Of) Tj ET Q q 0 0 0 rg BT 472.96 699.05 Td (ficer and Chairman of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 687.05 Td (Sovereign Bancorp. In addition to Mr) Tj ET Q q 0 0 0 rg BT 258.53 687.05 Td (.Sidhu, a number of the members of the current management team of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 675.05 Td (Customers have experience working together at Sovereign with Mr) Tj ET Q q 0 0 0 rg BT 374.31 675.05 Td (.Sidhu, including Richard Ehst, President and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 663.05 Td (Chief Operating Of) Tj ET Q q 0 0 0 rg BT 183.62 663.05 Td (ficer) Tj ET Q q 0 0 0 rg BT 201.54 663.05 Td (, as well as Jim Collins, Chief ) Tj ET Q q 0 0 0 rg BT 322.93 663.05 Td (Administration Of) Tj ET Q q 0 0 0 rg BT 396.35 663.05 Td (ficer) Tj ET Q q 0 0 0 rg BT 414.11 663.05 Td (. During their tenure at Sovereign, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 651.05 Td (these individuals established a track record of producing strong financial results, integrating acquisitions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 639.05 Td (managing risk, working with regulators and achieving or) Tj ET Q q 0 0 0 rg BT 333.04 639.05 Td (ganic growth and expense control. ) Tj ET Q q 0 0 0 rg BT 475.31 639.05 Td (T) Tj ET Q q 0 0 0 rg BT 480.72 639.05 Td (eam leaders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 627.05 Td (T) Tj ET Q q 0 0 0 rg BT 111.81 627.05 Td (imothy Romig, Regional Chief Lending Of) Tj ET Q q 0 0 0 rg BT 284.38 627.05 Td (ficer; Steve Issa, New England Marketing President and Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 615.05 Td (Lending Of) Tj ET Q q 0 0 0 rg BT 152.25 615.05 Td (ficer and Geor) Tj ET Q q 0 0 0 rg BT 209.81 615.05 Td (ge Maroulis, Head of Private and Commercial Banking - New ) Tj ET Q q 0 0 0 rg BT 460.21 615.05 Td (Y) Tj ET Q q 0 0 0 rg BT 466.43 615.05 Td (ork, head the New ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 603.05 Td (Jersey and Pennsylvania, New England, and New ) Tj ET Q q 0 0 0 rg BT 306.46 603.05 Td (Y) Tj ET Q q 0 0 0 rg BT 312.68 603.05 Td (ork commercial lending areas, respectively) Tj ET Q q 0 0 0 rg BT 483.90 603.05 Td (, with 34, 41, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 591.05 Td (26 years of experience, respectively) Tj ET Q q 0 0 0 rg BT 248.94 591.05 Td (. Ken Keiser) Tj ET Q q 0 0 0 rg BT 301.30 591.05 Td (, Director of Multi-Family and Investment Commercial Real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 579.05 Td (Estate Lending, leads the commercial real estate and multi-family lending group and brings more than 40 years of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 567.05 Td (experience including oversight of the Mid-Atlantic commercial real estate group at Sovereign. In addition, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 555.05 Td (banking to mortgage companies group, which primarily includes commercial loans \(warehouse facilities\) to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 543.05 Td (residential mortgage originators is led by Glenn Hedde, President of ) Tj ET Q q 0 0 0 rg BT 381.08 543.05 Td (W) Tj ET Q q 0 0 0 rg BT 389.72 543.05 Td (arehouse Lending, who brings more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 531.05 Td (25 years of experience in this sector) Tj ET Q q 0 0 0 rg BT 249.33 531.05 Td (. ) Tj ET Q q 0 0 0 rg BT 256.65 531.05 Td (This team has significant experience in successfully building a banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 519.05 Td (or) Tj ET Q q 0 0 0 rg BT 114.20 519.05 Td (ganization as well as existing valuable community and business relationships in our core markets.) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 511.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 499.85 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 499.85 Td (Unique ) Tj ET Q q 0 0 0 rg BT 137.81 499.85 Td (Asset and Deposit Generation Strategies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.07 499.85 Td ( Customers focuses on local market lending combined with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 487.85 Td (relatively low-risk specialty lending segments. Local market asset generation provides various types of business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 475.85 Td (lending products and consumer lending products, such as mortgage loans and home equity loans. Customers has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 463.85 Td (also established a multi-family and commercial real estate product line that is focused on the Mid-Atlantic region, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 451.85 Td (particularly New ) Tj ET Q q 0 0 0 rg BT 175.65 451.85 Td (Y) Tj ET Q q 0 0 0 rg BT 181.87 451.85 Td (ork City) Tj ET Q q 0 0 0 rg BT 214.28 451.85 Td (. ) Tj ET Q q 0 0 0 rg BT 221.60 451.85 Td (The strategy is to focus on obtaining deposits and refinancing existing loans with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 439.85 Td (other banks, using teams recruited from other banks, conservative underwriting standards and minimizing costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 427.85 Td (Through the multi-family and commercial real estate product, Customers earns interest and fee income and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 415.85 Td (generates commercial deposits. Customers also maintains a specialty lending business, commercial loans to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 403.85 Td (mortgage originators, which is a national business where Customers Bank provides liquidity to non-depository ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 391.85 Td (mortgage companies to fund their mortgage pipelines and meet other business needs. ) Tj ET Q q 0 0 0 rg BT 450.78 391.85 Td (Through the loans to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 379.85 Td (mortgage banking businesses, Customers earns interest and fee income and generates core deposits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 355.85 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 355.85 Td (BankMobile Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.75 355.85 Td (. Customers launched BankMobile as a key strategic initiative in January 2015, recognizing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 343.85 Td (the product delivery flexibility demanded by the millennial generation and the low cost of the smartphone ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 331.85 Td (delivery channel. BankMobile refers to Customers' ef) Tj ET Q q 0 0 0 rg BT 322.61 331.85 Td (forts to build a full-service bank that is accessible to its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 319.85 Td (customers anywhere and anytime through the customer's smartphone or other web-enabled device. BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 307.85 Td (provides a nationwide deposit-aggregation platform. BankMobile principally has a "business-to-business-to-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 295.85 Td (consumer" business model and focuses on the aggregation of low-cost deposits and currently of) Tj ET Q q 0 0 0 rg BT 488.47 295.85 Td (fers no-fee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 283.85 Td (banking, lines of credits to qualified customers, no overdraft fees, higher than average interest rates on savings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 271.85 Td (and access to 55,000 ) Tj ET Q q 0 0 0 rg BT 190.75 271.85 Td (A) Tj ET Q q 0 0 0 rg BT 196.87 271.85 Td (TMs \(and if the customer makes a monthly direct deposit over 400,000 ) Tj ET Q q 0 0 0 rg BT 483.19 271.85 Td (A) Tj ET Q q 0 0 0 rg BT 489.31 271.85 Td (TMs\) across the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 259.85 Td (U.S. Customers believes that consolidating BankMobile with the acquired Disbursement business uniquely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 247.85 Td (positions BankMobile to service over 1 million students across ) Tj ET Q q 0 0 0 rg BT 359.63 247.85 Td (America and to become the graduating students ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 235.85 Td ("bank for life" and service each graduate's financial needs throughout their life. Successful execution of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 223.85 Td (BankMobile strategy) Tj ET Q q 0 0 0 rg BT 189.55 223.85 Td (, including its consolidation with the Disbursement business through colleges and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 211.85 Td (universities across ) Tj ET Q q 0 0 0 rg BT 181.59 211.85 Td (America and similar white-label partnerships, greatly accelerates BankMobile's ability to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 199.85 Td (achieve profitability) Tj ET Q q 0 0 0 rg BT 186.20 199.85 Td (. BankMobile's revenues are lar) Tj ET Q q 0 0 0 rg BT 315.00 199.85 Td (gely derived from interchange char) Tj ET Q q 0 0 0 rg BT 455.31 199.85 Td (ges paid by the product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 187.85 Td (selling vendor and user) Tj ET Q q 0 0 0 rg BT 198.88 187.85 Td (-based fees for specific activities \(such as lost card replacement\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 163.85 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 163.85 Td (Attractive low-cr) Tj ET Q q 0 0 0 rg BT 173.72 163.85 Td (edit risk pr) Tj ET Q q 0 0 0 rg BT 217.23 163.85 Td (ofile.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.51 163.85 Td ( Customers has sought to maintain high asset quality and moderate credit risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 151.85 Td (by using conservative underwriting standards and early identification of potential problem assets. Customers has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 139.85 Td (also formed a Special ) Tj ET Q q 0 0 0 rg BT 194.36 139.85 Td (Assets Group to manage classified and non-performing assets. ) Tj ET Q q 0 0 0 rg BT 448.19 139.85 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.63 139.85 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.22 139.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 127.85 Td (only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.33 127.85 Td ($26.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.22 127.85 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.05 127.85 Td (0.30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.88 127.85 Td (, of Customers Bank's total loan portfolio was non performing. ) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 742.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 742.10 Td (Superior Community Banking Model.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.03 742.10 Td ( Customers expects to drive or) Tj ET Q q 0 0 0 rg BT 380.27 742.10 Td (ganic growth by employing its Concier) Tj ET Q q 0 0 0 rg BT 536.45 742.10 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 730.10 Td (Banking and single-point-of-contact strategies, which provide specific relationship managers or private bankers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 718.10 Td (for all customers, delivering an appointment banking approach available 12 hours a day) Tj ET Q q 0 0 0 rg BT 456.12 718.10 Td (, seven days a week. ) Tj ET Q q 0 0 0 rg BT 540.08 718.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 706.10 Td (allows Customers to provide services in a personalized, convenient and expeditious manner) Tj ET Q q 0 0 0 rg BT 472.07 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 479.38 706.10 Td (This approach, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 694.10 Td (coupled with superior technology) Tj ET Q q 0 0 0 rg BT 239.54 694.10 Td (, including remote account opening, remote deposit capture, mobile banking and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 682.10 Td (the first fee-free mobile digital bank, BankMobile, results in a competitive advantage over lar) Tj ET Q q 0 0 0 rg BT 479.91 682.10 Td (ger institutions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 670.10 Td (which management believes contributes to the profitability of its franchise and allows Customers Bank to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 658.10 Td (generate core deposits. ) Tj ET Q q 0 0 0 rg BT 202.22 658.10 Td (The high-tech, high-touch, model requires less staf) Tj ET Q q 0 0 0 rg BT 414.19 658.10 Td (f and smaller branch locations to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 646.10 Td (operate, thereby significantly reducing operating costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 628.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 628.10 Td (Acquisition Expertise.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.37 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.18 628.10 Td (The depth of Customers' management team and their experience working together and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 616.10 Td (successfully completing acquisitions provides unique insight in identifying and analyzing potential markets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 604.10 Td (acquisition tar) Tj ET Q q 0 0 0 rg BT 162.80 604.10 Td (gets. ) Tj ET Q q 0 0 0 rg BT 186.23 604.10 Td (The experience of Customers' team, which includes the acquisition and integration of over 35 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 592.10 Td (institutions, as well as numerous asset and branch acquisitions, provides a substantial advantage in pursuing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 580.10 Td (consummating future acquisitions. ) Tj ET Q q 0 0 0 rg BT 248.53 580.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 298.43 580.10 Td (, management believes Customers' strengths in structuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 568.10 Td (transactions to limit its risk, its experience in the financial reporting and regulatory process related to troubled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 556.10 Td (bank acquisitions, and its ongoing risk management expertise, particularly in problem loan workouts, collectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 544.10 Td (enable it to capitalize on the potential of the franchises it acquires. ) Tj ET Q q 0 0 0 rg BT 375.77 544.10 Td (W) Tj ET Q q 0 0 0 rg BT 384.80 544.10 Td (ith Customers' depth of operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 532.10 Td (experience in connection with completing mer) Tj ET Q q 0 0 0 rg BT 291.64 532.10 Td (ger and acquisition transactions, it expects to be able to integrate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 520.10 Td (and reposition acquired franchises cost-ef) Tj ET Q q 0 0 0 rg BT 272.47 520.10 Td (ficiently with a minimum disruption to customer relationships.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (Customers believes its ability to operate ef) Tj ET Q q 0 0 0 rg BT 220.33 496.10 Td (ficiently is enhanced by its centralized risk-management structure, its access to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (attractive labor and real estate costs in its markets, and an infrastructure that is unencumbered by legacy systems. Furthermore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (Customers anticipates additional expense syner) Tj ET Q q 0 0 0 rg BT 239.21 472.10 Td (gies from the integration of its acquisitions, which it believes will enhance its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (financial performance.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Beginning in third quarter 2016, Customers revised its segment financial reporting to reflect the manner in which its chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (operating decision makers had begun allocating resources and assessing performance subsequent to Customers' acquisition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (the Disbursement business from Higher One and the combination of that business with the BankMobile technology platform ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (late in second quarter 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (Management has determined that Customers' operations consist of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.85 352.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.85 352.10 Td ( reportable segments - Community Business Banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (and BankMobile. Each segment generates revenues, manages risk, and of) Tj ET Q q 0 0 0 rg BT 346.11 340.10 Td (fers distinct products and services to tar) Tj ET Q q 0 0 0 rg BT 504.77 340.10 Td (geted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (customers through dif) Tj ET Q q 0 0 0 rg BT 137.58 328.10 Td (ferent delivery channels. ) Tj ET Q q 0 0 0 rg BT 240.97 328.10 Td (The strategy) Tj ET Q q 0 0 0 rg BT 290.02 328.10 Td (, marketing and analysis of these segments vary considerably) Tj ET Q q 0 0 0 rg BT 534.02 328.10 Td (. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (more information on Customers' reportable operating segments, see NOTE 24 - BUSINESS SEGMENTS to the consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (financial statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (Customers of) Tj ET Q q 0 0 0 rg BT 103.43 256.10 Td (fers a broad range of traditional loan and deposit banking products and financial services, and non-traditional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (products and services through the successful Phase 1 launch of BankMobile in January 2015, to its commercial and consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (customers. Customers of) Tj ET Q q 0 0 0 rg BT 151.47 232.10 Td (fers an array of lending products to cater to its customers) Tj ET Q q 0 0 0 rg BT 381.77 232.10 Td ( needs, including commercial mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (warehouse loans, multi-family and commercial real estate loans, small business loans, equipment loans, residential mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (loans and other consumer loans. Customers also of) Tj ET Q q 0 0 0 rg BT 255.62 208.10 Td (fers traditional deposit products, including commercial and consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (checking accounts, non-interest-bearing demand accounts, money market deposit accounts, savings accounts, time deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (accounts and cash management services. Prior to January 2015, deposit products were available to customers only through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (branches of Customers Bank. ) Tj ET Q q 0 0 0 rg BT 172.57 172.10 Td (W) Tj ET Q q 0 0 0 rg BT 181.61 172.10 Td (ith the successful launch of BankMobile, the acquisition of the Disbursement business from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (Higher One and the combination of that business with the BankMobile platform, Customers is able to provide fee-free banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (to millennials, students, middle class ) Tj ET Q q 0 0 0 rg BT 199.16 148.10 Td (American families and underserved consumers throughout the United States.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (BankMobile is focused on providing quality low-cost deposit products and related services to its customers, such as no-or) Tj ET Q q 0 0 0 rg BT 536.93 130.10 Td (-low-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (fee checking, no overdraft char) Tj ET Q q 0 0 0 rg BT 174.47 118.10 Td (ges, photo bill pay) Tj ET Q q 0 0 0 rg BT 247.71 118.10 Td (, no opening balance requirements, instant virtual debit cards and similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (customer friendly technology enabled services. Customers can also obtain cash free of any fees from over 55,000 ) Tj ET Q q 0 0 0 rg BT 507.63 106.10 Td (A) Tj ET Q q 0 0 0 rg BT 513.75 106.10 Td (TMs in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (United States. BankMobile looks to develop its capabilities to deliver retail loan products, such as automobile loans, credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (cards and personal loans, to its customers, either as a referral or direct lender) Tj ET Q q 0 0 0 rg BT 356.42 82.10 Td (, as its technological capabilities develop. ) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Lending ) Tj ET Q q 0 0 0 rg BT 86.58 742.25 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Customers Bank focuses its lending ef) Tj ET Q q 0 0 0 rg BT 203.41 724.25 Td (forts on the following lending areas:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 717.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 705.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 705.05 Td (Commercial Lending Customers' focus is on Business Banking \(i.e., commercial and industrial lending\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 693.05 Td (including Small and Middle Market Business Banking \(including Small Business ) Tj ET Q q 0 0 0 rg BT 433.26 693.05 Td (Administration \("SBA"\) loans\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 681.05 Td (Multi-Family and Commercial Real Estate Lending, and Commercial Loans to Mortgage Companies and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 663.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 663.05 Td (Consumer Lending local-market mortgage and home equity lending.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 633.05 Td (Commercial Lending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 615.05 Td (Customers' commercial lending activities are divided into five distinct groups: Business Banking, Small and Middle Market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 603.05 Td (Business Banking, Multi-Family and Commercial Real Estate Lending, Banking to Mortgage Companies and Equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 591.05 Td (Finance. ) Tj ET Q q 0 0 0 rg BT 88.97 591.05 Td (This grouping is designed to allow for greater resource deployment, higher standards of risk management, strong ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 579.05 Td (asset quality) Tj ET Q q 0 0 0 rg BT 99.06 579.05 Td (, lower interest-rate risk and higher productivity levels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 555.05 Td (The commercial lending group focuses on companies with annual revenues ranging from $1.0 million to $100.0 million, that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 543.05 Td (typically have credit requirements between $0.5 million and $10.0 million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 519.05 Td (The small and middle market business banking platform originates loans, including SBA) Tj ET Q q 0 0 0 rg BT 404.95 519.05 Td ( loans, through the branch network ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.05 Td (sales force and a team of dedicated small business relationship managers. ) Tj ET Q q 0 0 0 rg BT 348.33 507.05 Td (The support administration of the platform for this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.05 Td (lending activity is centralized including risk management, product management, marketing, performance tracking and overall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.05 Td (strategic planning. Credit and sales training has been established for the sales force, ensuring that Customers has small ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.05 Td (business banking experts in place providing appropriate financial solutions to the small business owners in its communities. ) Tj ET Q q 0 0 0 rg BT 549.64 471.05 Td (A) Tj ET Q q 0 0 0 rg BT 556.31 471.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 459.05 Td (division approach focuses on industries that of) Tj ET Q q 0 0 0 rg BT 235.89 459.05 Td (fer high asset quality and are deposit rich to drive profitability) Tj ET Q q 0 0 0 rg BT 483.51 459.05 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.05 Td (The goal of Customers' multi-family lending group is to build a portfolio of high-quality multi-family and commercial real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.05 Td (estate loans within its covered markets, while cross-selling its other products and services. ) Tj ET Q q 0 0 0 rg BT 415.84 423.05 Td (This business line primarily focuses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 411.05 Td (on refinancing existing loans, using conservative underwriting standards. ) Tj ET Q q 0 0 0 rg BT 347.25 411.05 Td (The primary collateral for these loans is a first-lien ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 399.05 Td (mortgage on the multi-family property) Tj ET Q q 0 0 0 rg BT 203.75 399.05 Td (, plus an assignment of all leases related to such property) Tj ET Q q 0 0 0 rg BT 431.10 399.05 Td (. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.05 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 387.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 387.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 387.05 Td (, Customers originated approximately $1.2) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 339.10 387.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 341.60 387.05 Td (billion and $0.9 billion, respectively) Tj ET Q q 0 0 0 rg BT 485.93 387.05 Td (, of multi-family ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.05 Td (loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.05 Td (The goal of commercial loans to mortgage companies is to provide liquidity to mortgage companies. ) Tj ET Q q 0 0 0 rg BT 457.22 351.05 Td (The loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.05 Td (predominately short-term facilities used by mortgage companies to fund their pipelines from closing of individual mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.05 Td (loans until their sale into the secondary market. Most of the individual mortgage loans that collateralize our commercial loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.05 Td (to mortgage companies are insured or guaranteed by the U.S. Government through one of its programs, such as FHA, ) Tj ET Q q 0 0 0 rg BT 522.21 315.05 Td (V) Tj ET Q q 0 0 0 rg BT 528.14 315.05 Td (A, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.05 Td (they are conventional loans eligible for sale to Fannie Mae and Freddie Mac. Customers is currently expanding its product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.05 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 291.05 Td (ferings to mortgage companies to meet a wider array of business needs. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.69 291.05 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.28 291.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 279.05 Td (, Customers Bank funded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.16 279.05 Td ($30.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.27 279.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.71 279.05 Td ($36.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.82 279.05 Td ( of mortgage loans, respectively) Tj ET Q q 0 0 0 rg BT 423.18 279.05 Td (, to mortgage originators via ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.05 Td (warehouse facilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.05 Td (The equipment finance group of) Tj ET Q q 0 0 0 rg BT 178.66 243.05 Td (fers equipment financing and leasing products and services for a broad range of asset classes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.05 Td (It services vendors, dealers, independent finance companies, bank-owned leasing companies and strategic direct customers in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.05 Td (the plastics, packaging, machine tool, construction, transportation and franchise markets. ) Tj ET Q q 0 0 0 rg BT 409.90 219.05 Td (As of December 31, 2017 and 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.05 Td (Customers had $152.5 million and $89.4 million, respectively) Tj ET Q q 0 0 0 rg BT 297.10 207.05 Td (, of equipment finance loans outstanding. ) Tj ET Q q 0 0 0 rg BT 466.79 207.05 Td (As of December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.05 Td (2017 and 2016, Customers had $26.6 million and $10.3 million of finance leases, respectively) Tj ET Q q 0 0 0 rg BT 425.67 195.05 Td (. ) Tj ET Q q 0 0 0 rg BT 432.62 195.05 Td (As of December 31, 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.05 Td (Customers had $22.2 million of operating leases entered into under this program. Customers had not entered into similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.05 Td (operating lease arrangements in 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.05 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 147.05 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 147.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 147.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 147.05 Td (, Customers Bank had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.29 147.05 Td ($8.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.40 147.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.84 147.05 Td ($8.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.96 147.05 Td (, respectively) Tj ET Q q 0 0 0 rg BT 447.62 147.05 Td (, in commercial loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.05 Td (outstanding, composing approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.31 135.05 Td (96.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.14 135.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.58 135.05 Td (96.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.41 135.05 Td (, respectively) Tj ET Q q 0 0 0 rg BT 332.07 135.05 Td (, of its total loan portfolio, which includes loans held for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.05 Td (sale. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.57 123.05 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.15 123.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.59 123.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.59 123.05 Td (, the Bank originated $1.4 billion and $0.8 billion, respectively) Tj ET Q q 0 0 0 rg BT 537.29 123.05 Td (, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.05 Td (commercial loans, exclusive of multi-family loan originations and loans to mortgage originators via warehouse facilities. ) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Consumer Lending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Customers provides home equity and residential mortgage loans to customers. Underwriting standards for home equity lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (are conservative, and lending is of) Tj ET Q q 0 0 0 rg BT 186.99 712.25 Td (fered to solidify customer relationships and grow relationship revenues in the long term. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (This lending is important Customers' ef) Tj ET Q q 0 0 0 rg BT 207.99 700.25 Td (forts to grow total relationship revenues for its consumer households. ) Tj ET Q q 0 0 0 rg BT 489.98 700.25 Td (These areas also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (support Customers' commitment to lower) Tj ET Q q 0 0 0 rg BT 215.47 688.25 Td (-and-moderate-income families in its market area. Customers plans to expand its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (product of) Tj ET Q q 0 0 0 rg BT 91.20 676.25 Td (ferings in real estate secured consumer lending.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (Beginning in 2013, Customers Bank launched a community outreach program in Philadelphia to encourage a higher percentage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (of homeownership in urban communities. ) Tj ET Q q 0 0 0 rg BT 221.36 640.25 Td (As part of this program, Customers of) Tj ET Q q 0 0 0 rg BT 373.11 640.25 Td (fers an Af) Tj ET Q q 0 0 0 rg BT 417.34 640.25 Td (fordable Mortgage Product." ) Tj ET Q q 0 0 0 rg BT 537.05 640.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (community outreach program is penetrating the underserved population, especially in low-and moderate income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (neighborhoods. ) Tj ET Q q 0 0 0 rg BT 116.39 616.25 Td (As part of this commitment, a loan production of) Tj ET Q q 0 0 0 rg BT 312.00 616.25 Td (fice was opened at Progress Plaza, 1501 North Broad Street, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (Philadelphia, P) Tj ET Q q 0 0 0 rg BT 109.63 604.25 Td (A. ) Tj ET Q q 0 0 0 rg BT 124.17 604.25 Td (The program includes homebuyer seminars that prepare potential homebuyers for homeownership by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (teaching money management and budgeting skills, including the financial responsibilities that come with having a mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (and owning a home. ) Tj ET Q q 0 0 0 rg BT 135.91 580.25 Td (The Af) Tj ET Q q 0 0 0 rg BT 168.77 580.25 Td (fordable Mortgage Product is of) Tj ET Q q 0 0 0 rg BT 301.33 580.25 Td (fered throughout Customers' CRA) Tj ET Q q 0 0 0 rg BT 437.84 580.25 Td ( assessment areas.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 556.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 556.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 556.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 556.25 Td (, the Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.40 556.25 Td ($329.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.29 556.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.73 556.25 Td ($299.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.62 556.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 464.28 556.25 Td (, in consumer loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (outstanding, comprising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.16 544.25 Td (3.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.99 544.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.43 544.25 Td (3.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.26 544.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 262.92 544.25 Td (, of Customers' total loan portfolio, which includes loans held for sale. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.52 532.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 532.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.54 532.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 532.25 Td (, Customers originated $50.0 million and $59.3 million of consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (loans, respectively) Tj ET Q q 0 0 0 rg BT 123.77 520.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (Private Banking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (Beginning in 2013, Customers introduced a Private Banking model for its commercial clients in the major markets within its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (geographic footprint. ) Tj ET Q q 0 0 0 rg BT 139.24 460.25 Td (This unique model provides unparalleled service to customers through an in-market team of experienced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (private bankers. ) Tj ET Q q 0 0 0 rg BT 118.31 448.25 Td (Acting as a single-point-of-contact for all the banking needs of Customers) Tj ET Q q 0 0 0 rg BT 417.49 448.25 Td ( commercial clients, these private ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (bankers deliver the whole bank not only to its clients, but to their families, their management teams and their employees, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (well. ) Tj ET Q q 0 0 0 rg BT 74.54 424.25 Td (W) Tj ET Q q 0 0 0 rg BT 83.57 424.25 Td (ith a world-class suite of sophisticated cash management products, these private bankers deliver on Customers' high-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (tech, high-touch strategy and provide real value to its mid-market commercial clients.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (Customers opened its first private banking representative of) Tj ET Q q 0 0 0 rg BT 288.92 388.25 Td (fice in Manhattan in second quarter 2013, and eventually) Tj ET Q q 0 0 0 rg BT 516.25 388.25 Td (, all of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (markets will be served by private bankers.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (Deposit Products and Other Funding Sources) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (Customers of) Tj ET Q q 0 0 0 rg BT 103.43 328.25 Td (fers a variety of deposit products to its customers, including checking accounts, savings accounts, money market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (deposit accounts and other deposit accounts, including fixed-rate, fixed-maturity retail time deposits ranging in terms from 30 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (days to five years, individual retirement accounts, and non-retail time deposits consisting of jumbo certificates greater than or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (equal to $100,000. Using its high touch supported by high tech model, Customers has experienced strong growth in core ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (deposits in all of its markets. Customers also utilizes wholesale deposit products, money market and certificates of deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (obtained through listing services and borrowings from the FHLB as a sources of funding. ) Tj ET Q q 0 0 0 rg BT 411.98 268.25 Td (These funding sources of) Tj ET Q q 0 0 0 rg BT 512.60 268.25 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (attractive funding costs in comparison to traditional sources of funding given the current interest-rate environment. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Financial Products and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (In addition to traditional banking activities, Customers provides other financial services to its customers, including: mobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (phone banking, internet banking, wire transfers, electronic bill payment, lock box services, remote deposit capture services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (courier services, merchant processing services, cash vault, controlled disbursements, positive pay and cash management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (services \(including account reconciliation, collections and sweep accounts\). In January 2015, Customers successfully launched ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (BankMobile, ) Tj ET Q q 0 0 0 rg BT 104.44 160.25 Td (America's first mobile platform based full-service consumer bank. In June 2016, Customers acquired the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (Disbursement business of Higher One and subsequently combined that business with the BankMobile platform. ) Tj ET Q q 0 0 0 rg BT 501.42 148.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (Disbursement business assists higher educational institutions in their distributions of ) Tj ET Q q 0 0 0 rg BT 390.35 136.25 Td (T) Tj ET Q q 0 0 0 rg BT 396.10 136.25 Td (itle IV) Tj ET Q q 0 0 0 rg BT 421.75 136.25 Td ( monies to students. In combining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (the businesses, BankMobile serviced 1.1 million active deposit accounts at December 31, 2017. BankMobile has opened ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (around 536,000 new checking accounts and converted over 374,000 checking accounts to BankMobile, since June 16, 2016. ) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Customers competes with other financial institutions for deposit and loan business. Competitors include other commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (banks, savings banks, savings and loan associations, insurance companies, securities brokerage firms, credit unions, finance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (companies, mutual funds, money market funds and certain government agencies. Financial institutions compete principally on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (the quality of the services rendered, interest rates of) Tj ET Q q 0 0 0 rg BT 256.68 688.25 Td (fered on deposit products, interest rates char) Tj ET Q q 0 0 0 rg BT 433.38 688.25 Td (ged on loans, fees and service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 676.25 Td (ges, the convenience of banking of) Tj ET Q q 0 0 0 rg BT 206.24 676.25 Td (fice locations and hours of operation and in the consideration of lar) Tj ET Q q 0 0 0 rg BT 474.58 676.25 Td (ger commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (borrowers, lending limits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (Many competitors are significantly lar) Tj ET Q q 0 0 0 rg BT 203.11 640.25 Td (ger than Customers and have significantly greater financial resources, personnel and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (locations from which to conduct business. In addition, Customers is subject to regulation, while certain of its competitors are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (not. Non-regulated companies face relatively few barriers to entry into the financial services industry) Tj ET Q q 0 0 0 rg BT 456.14 616.25 Td (. Customers' lar) Tj ET Q q 0 0 0 rg BT 521.09 616.25 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (competitors enjoy greater name recognition and greater resources to finance wide ranging advertising campaigns. Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (competes for business principally on the basis of high-quality) Tj ET Q q 0 0 0 rg BT 295.42 592.25 Td (, personal service to customers, customer access to Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (decision makers and competitive interest and fee structure. Customers also strives to provide maximum convenience of access ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (to services by employing innovative delivery vehicles such as internet banking, and the convenience of Concier) Tj ET Q q 0 0 0 rg BT 496.35 568.25 Td (ge Banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (and our single-point-of-contact business model.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Customers' current market is primarily served by lar) Tj ET Q q 0 0 0 rg BT 258.51 532.25 Td (ge national and regional banks, with a few lar) Tj ET Q q 0 0 0 rg BT 440.76 532.25 Td (ger institutions capturing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (more than 50% of the deposit market share. Customers' lar) Tj ET Q q 0 0 0 rg BT 286.84 520.25 Td (ge competitors primarily utilize expensive, branch-based models to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (sell products to consumers and small businesses, which requires Customers' lar) Tj ET Q q 0 0 0 rg BT 366.29 508.25 Td (ger competitors to price their products with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (wider mar) Tj ET Q q 0 0 0 rg BT 90.63 496.25 Td (gins and char) Tj ET Q q 0 0 0 rg BT 143.77 496.25 Td (ge more fees to justify their higher expense base. ) Tj ET Q q 0 0 0 rg BT 344.36 496.25 Td (While maintaining physical branch locations remains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (an important component of Customers' strategy) Tj ET Q q 0 0 0 rg BT 239.17 484.25 Td (, Customers utilizes an operating model with fewer and less expensive locations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (thereby lowering overhead costs and allowing for greater pricing flexibility) Tj ET Q q 0 0 0 rg BT 350.64 472.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (BankMobile competes for deposit customers with traditional bank branches that may have a physical presence near the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (university and college campuses it serves, lar) Tj ET Q q 0 0 0 rg BT 230.60 436.25 Td (ge national banks, as well as smaller regional or local banks, with other student ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (and disbursement businesses, both banks and prepaid card providers, and with local and national loan providers. Banks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (providing student disbursement services include PNC, ) Tj ET Q q 0 0 0 rg BT 269.51 412.25 Td (W) Tj ET Q q 0 0 0 rg BT 278.15 412.25 Td (ells Far) Tj ET Q q 0 0 0 rg BT 307.69 412.25 Td (go Bank, and U.S. Bank. BankMobile is developing strategies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (to white label deposit products to commercial entities, again competing with traditional bank deposit product branch delivery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (channels. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (Employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 340.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 340.25 Td (, Customers had 765 full-time equivalent team members, including approximately 230) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 0 0 rg BT 498.51 340.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 501.01 340.25 Td (team members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (dedicated to the BankMobile business segment.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (A) Tj ET Q q 0 0 0 rg BT 55.93 298.25 Td (vailable Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (Customers Bancorp) Tj ET Q q 0 0 0 rg BT 131.93 280.25 Td (s internet website address is www) Tj ET Q q 0 0 0 rg BT 267.09 280.25 Td (.customersbank.com. Information on Customers Bancorp) Tj ET Q q 0 0 0 rg BT 501.49 280.25 Td (s website is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (not part of this ) Tj ET Q q 0 0 0 rg BT 110.55 268.25 Td (Annual Report on Form 10-K. Investors can obtain copies of Customers Bancorp) Tj ET Q q 0 0 0 rg BT 440.77 268.25 Td (s annual report on Form 10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (K, quarterly reports on Form 10-Q, current reports on Form 8-K and any amendments to those reports filed or furnished ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (pursuant to Section13\(a\) or 15\(d\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 297.15 244.25 Td (Act of 1934, as amended, on Customers Bancorp) Tj ET Q q 0 0 0 rg BT 496.28 244.25 Td (s website ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (\(accessible under About Us Investor Relations SEC Filings\) as soon as reasonably practicable after Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (Bancorp has filed such materials with, or furnished them to, the Securities and Exchange Commission \(SEC\). Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (Bancorp will also furnish a paper copy of such filings free of char) Tj ET Q q 0 0 0 rg BT 313.07 208.25 Td (ge upon request. Investors can also read and copy any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (materials filed by Customers Bancorp with the SEC at the SEC) Tj ET Q q 0 0 0 rg BT 305.52 196.25 Td (s Public Reference Room which is located at 100 F Street, NE, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 184.25 Td (ashington, DC 20549. Information about the operation of the Public Reference Room can be obtained by calling the SEC at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (1-800-SEC-0330. Customers Bancorp) Tj ET Q q 0 0 0 rg BT 207.76 172.25 Td (s filings can also be accessed at the SEC) Tj ET Q q 0 0 0 rg BT 372.16 172.25 Td (s internet website: www) Tj ET Q q 0 0 0 rg BT 468.44 172.25 Td (.sec.gov) Tj ET Q q 0 0 0 rg BT 500.56 172.25 Td (.) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.10 742.25 Td (SUPER) Tj ET Q q 0 0 0 rg BT 257.53 742.25 Td (VISION ) Tj ET Q q 0 0 0 rg BT 295.05 742.25 Td (AND REGULA) Tj ET Q q 0 0 0 rg BT 361.25 742.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.50 718.25 Td (GENERAL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Customers Bancorp is subject to extensive regulation, examination and supervision by the Pennsylvania Department of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (Banking and Securities and, as a member of the Federal Reserve System, by the Federal Reserve Board. Federal and state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (banking laws and regulations govern, among other things, the scope of a bank) Tj ET Q q 0 0 0 rg BT 364.37 670.25 Td (s business, the investments a bank may make, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (the reserves against deposits a bank must maintain, terms of deposit accounts, loans a bank makes, the interest rates it char) Tj ET Q q 0 0 0 rg BT 539.96 658.25 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (and collateral it takes, the activities of a bank with respect to mer) Tj ET Q q 0 0 0 rg BT 310.00 646.25 Td (gers and consolidations and the establishment of branches.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.05 610.25 Td (PENNSYL) Tj ET Q q 0 0 0 rg BT 272.81 610.25 Td (V) Tj ET Q q 0 0 0 rg BT 278.74 610.25 Td (ANIA) Tj ET Q q 0 0 0 rg BT 303.74 610.25 Td ( BANKING LA) Tj ET Q q 0 0 0 rg BT 369.31 610.25 Td (WS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (Pennsylvania banks that are Federal Reserve members may establish new branch of) Tj ET Q q 0 0 0 rg BT 384.43 586.25 Td (fices only after approval by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (Pennsylvania Department of Banking and Securities and the Board of Governors of the Federal Reserve System \(the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (Reserve Board\). ) Tj ET Q q 0 0 0 rg BT 123.86 562.25 Td (Approval by these regulators can be subject to a variety of factors, including the convenience and needs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (the community) Tj ET Q q 0 0 0 rg BT 109.62 550.25 Td (, whether the institution is suf) Tj ET Q q 0 0 0 rg BT 228.32 550.25 Td (ficiently capitalized and well managed, issues of safety and soundness, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (institution) Tj ET Q q 0 0 0 rg BT 93.34 538.25 Td (s record of meeting the credit needs of its community) Tj ET Q q 0 0 0 rg BT 306.24 538.25 Td (, whether there are significant supervisory concerns with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (respect to the institution or af) Tj ET Q q 0 0 0 rg BT 167.29 526.25 Td (filiated or) Tj ET Q q 0 0 0 rg BT 206.26 526.25 Td (ganizations, and whether any financial or other business arrangement, direct or indirect, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (involving bank insiders \(directors, of) Tj ET Q q 0 0 0 rg BT 206.72 514.25 Td (ficers, employees and 10%-or) Tj ET Q q 0 0 0 rg BT 325.92 514.25 Td (-greater shareholders\) which involves terms and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (conditions more favorable to the insiders than would be available in a comparable transaction with unrelated parties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Under the Pennsylvania Banking Code, Customers Bank is permitted to branch throughout Pennsylvania. Pennsylvania law ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (also provides Pennsylvania state-chartered banks elective parity with the power of national banks, federal thrifts, and state-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (chartered institutions in other states as authorized by the FDIC, subject to a required notice to the Pennsylvania Department of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (Banking and Securities. ) Tj ET Q q 0 0 0 rg BT 150.08 442.25 Td (The Pennsylvania Banking Code also imposes restrictions on payment of dividends, as well as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (minimum capital requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (In October2012, Pennsylvania enacted three laws known as the Banking Law Modernization Package, all of which became ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 394.25 Td (fective on December24, 2012. ) Tj ET Q q 0 0 0 rg BT 185.69 394.25 Td (The intended goal of the law) Tj ET Q q 0 0 0 rg BT 299.73 394.25 Td (, which applies to Customers Bank, is to modernize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Pennsylvania) Tj ET Q q 0 0 0 rg BT 106.10 382.25 Td (s banking laws and to reduce regulatory burden at the state level where possible, given the increased regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (demands at the federal level as described below) Tj ET Q q 0 0 0 rg BT 240.10 370.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (The law also permits banks to disclose formal enforcement actions initiated by the Pennsylvania Department of Banking and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Securities \(the "Department"\), clarifies that the Department has examination and enforcement authority over subsidiaries as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (well as af) Tj ET Q q 0 0 0 rg BT 88.13 322.25 Td (filiates of regulated banks and bolsters the Department) Tj ET Q q 0 0 0 rg BT 309.45 322.25 Td (s enforcement authority over its regulated institutions by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (clarifying its ability to remove directors, of) Tj ET Q q 0 0 0 rg BT 222.27 310.25 Td (ficers and employees from institutions for violations of laws or orders or for any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (unsafe or unsound practice or breach of fiduciary duty) Tj ET Q q 0 0 0 rg BT 266.49 298.25 Td (. Changes to existing law also allow the Department to assess civil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (money penalties of up to $25,000 per violation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (The law also sets a new standard of care for bank of) Tj ET Q q 0 0 0 rg BT 257.79 262.25 Td (ficers and directors, applying the same standard that exists for non-banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (corporations in Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 173.41 250.25 Td (The standard is one of performing duties in good faith, in a manner reasonably believed to be in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (the best interests of the institutions and with such care, including reasonable inquiry) Tj ET Q q 0 0 0 rg BT 385.11 238.25 Td (, skill and diligence, as a person of ordinary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (prudence would use under similar circumstances. Directors may rely in good faith on information, opinions and reports ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (provided by of) Tj ET Q q 0 0 0 rg BT 108.70 214.25 Td (ficers, employees, attorneys, accountants or committees of the board, and an of) Tj ET Q q 0 0 0 rg BT 424.79 214.25 Td (ficer may not be held liable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (simply because he or she served as an of) Tj ET Q q 0 0 0 rg BT 211.99 202.25 Td (ficer of the institution.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (Interstate Branching) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.04 178.25 Td (.Federal law allows the Federal Reserve and FDIC, and the Pennsylvania Banking Code allows the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (Pennsylvania Department of Banking and Securities, to approve an application by a state banking institution to acquire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (interstate branches. For more information on federal law) Tj ET Q q 0 0 0 rg BT 277.88 154.25 Td (, see the discussion under Federal Banking Laws Interstate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (Branching that follows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (Pennsylvania banking laws authorize banks in Pennsylvania to acquire existing branches or branch de novo in other states and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (also permit out-of-state banks to acquire existing branches or branch de novo in Pennsylvania.) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.28 742.10 Td (April 2008, Banking Regulators in the States of New Jersey) Tj ET Q q 0 0 0 rg BT 299.03 742.10 Td (, New ) Tj ET Q q 0 0 0 rg BT 325.04 742.10 Td (Y) Tj ET Q q 0 0 0 rg BT 331.26 742.10 Td (ork and Pennsylvania entered into a Memorandum of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Understanding \(the Interstate MOU\) to clarify their respective roles, as home and host state regulators, regarding interstate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (branching activity on a regional basis pursuant to the Riegle-Neal ) Tj ET Q q 0 0 0 rg BT 314.37 718.10 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 369.64 718.10 Td (Act of 1997. ) Tj ET Q q 0 0 0 rg BT 424.73 718.10 Td (The Interstate MOU establishes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the regulatory responsibilities of the respective state banking regulators regarding bank regulatory examinations and is intended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (to reduce the regulatory burden on state-chartered banks branching within the region by eliminating duplicative host state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (compliance exams.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Under the Interstate MOU, the activities of branches Customers established in New Jersey or New ) Tj ET Q q 0 0 0 rg BT 445.63 658.10 Td (Y) Tj ET Q q 0 0 0 rg BT 451.85 658.10 Td (ork would be governed by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Pennsylvania state law to the same extent that federal law governs the activities of the branch of an out-of-state national bank in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (such host states. Issues regarding whether a particular host state law is preempted are to be determined in the first instance by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (the Pennsylvania Department of Banking and Securities. In the event that the Pennsylvania Department of Banking and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Securities and the applicable host state regulator disagree regarding whether a particular host state law is pre-empted, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Pennsylvania Department of Banking and Securities and the applicable host state regulator would use their reasonable best ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 586.10 Td (forts to consider all points of view and to resolve the disagreement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.80 550.10 Td (FEDERAL) Tj ET Q q 0 0 0 rg BT 289.03 550.10 Td ( BANKING LA) Tj ET Q q 0 0 0 rg BT 354.60 550.10 Td (WS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Interstate Branching.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.54 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.36 526.10 Td (The Riegle-Neal Interstate Banking and Branching Ef) Tj ET Q q 0 0 0 rg BT 355.66 526.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 389.81 526.10 Td (Act of 1994 \(called the Interstate ) Tj ET Q q 0 0 0 rg BT 528.09 526.10 Td (Act\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (among other things, permits bank holding companies to acquire banks in any state. ) Tj ET Q q 0 0 0 rg BT 385.49 514.10 Td (A) Tj ET Q q 0 0 0 rg BT 392.16 514.10 Td ( bank may also mer) Tj ET Q q 0 0 0 rg BT 470.29 514.10 Td (ge with a bank in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (another state. Interstate acquisitions and mer) Tj ET Q q 0 0 0 rg BT 230.59 502.10 Td (gers are subject, in general, to certain concentration limits and state entry rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (relating to the age of the bank. Under the Interstate ) Tj ET Q q 0 0 0 rg BT 258.26 490.10 Td (Act, the responsible federal regulatory agency is permitted to approve the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (acquisition of less than all of the branches of an insured bank by an out-of-state bank or bank holding company without the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (acquisition of an entire bank, only if the law of the state in which the branch is located permits. Under the Interstate ) Tj ET Q q 0 0 0 rg BT 516.80 466.10 Td (Act, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (branches of state-chartered banks that operate in other states are covered by the laws of the chartering state, rather than the host ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (state. ) Tj ET Q q 0 0 0 rg BT 75.64 442.10 Td (The Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 144.89 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 153.53 442.10 Td (all Street Reform and Consumer Protection ) Tj ET Q q 0 0 0 rg BT 328.50 442.10 Td (Act of 2010 \(Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 437.36 442.10 Td (Act\) created a more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (permissive interstate branching regime by permitting banks to establish de novo branches in any state if a bank chartered by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (such state would have been permitted to establish the branch. For more information on interstate branching under Pennsylvania ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (law) Tj ET Q q 0 0 0 rg BT 63.79 406.10 Td (, see Pennsylvania Banking Laws Interstate Branching above.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 382.10 Td (ompt Corr) Tj ET Q q 0 0 0 rg BT 101.21 382.10 Td (ective ) Tj ET Q q 0 0 0 rg BT 126.84 382.10 Td (Action) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.94 382.10 Td (. Federal banking law mandates certain prompt corrective actions, which Federal banking agencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (are required to take, and certain actions which they have discretion to take, based upon the capital category into which a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Federally regulated depository institution falls. Regulations have been adopted by the Federal bank regulatory agencies setting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (forth detailed procedures and criteria for implementing prompt corrective action in the case of any institution that is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (adequately capitalized. Under the rules, an institution will be deemed to be adequately capitalized or better if it exceeds the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (minimum Federal regulatory capital requirements. However) Tj ET Q q 0 0 0 rg BT 292.57 322.10 Td (, it will be deemed undercapitalized if it fails to meet the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (minimum capital requirements, significantly undercapitalized if it has a common equity tier 1 risk-based capital ratio that is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (less than 3.0%, or has a total risk-based capital ratio that is less than 6.0%, a ) Tj ET Q q 0 0 0 rg BT 356.96 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 362.72 298.10 Td (ier 1 risk-based capital ratio that is less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (4.0%, or a leverage ratio that is less than 3.0%, and critically undercapitalized if the institution has a ratio of tangible equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (to total assets that is equal to or less than 2.0%. ) Tj ET Q q 0 0 0 rg BT 243.68 274.10 Td (The rules require an undercapitalized institution to file a written capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (restoration plan, along with a performance guaranty by its holding company or a third party) Tj ET Q q 0 0 0 rg BT 415.63 262.10 Td (. In addition, an undercapitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (institution becomes subject to certain restrictions including a prohibition on the payment of dividends, a limitation on asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (growth and expansion, and in certain cases, a limitation on the payment of bonuses or raises to senior executive of) Tj ET Q q 0 0 0 rg BT 506.64 238.10 Td (ficers and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (prohibition on the payment of certain management fees to any controlling person. Institutions that are classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (undercapitalized are also subject to certain additional supervisory actions, including increased reporting burdens and regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (monitoring, a limitation on the institution) Tj ET Q q 0 0 0 rg BT 218.33 202.10 Td (s ability to make acquisitions, open new branch of) Tj ET Q q 0 0 0 rg BT 418.93 202.10 Td (fices, or engage in new lines of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (business, obligations to raise additional capital, restrictions on transactions with af) Tj ET Q q 0 0 0 rg BT 379.19 190.10 Td (filiates and restrictions on interest rates paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (by the institution on deposits. In certain cases, bank regulatory agencies may require replacement of senior executive of) Tj ET Q q 0 0 0 rg BT 530.76 178.10 Td (ficers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (or directors or sale of the institution to a willing purchaser) Tj ET Q q 0 0 0 rg BT 282.17 166.10 Td (. If an institution is deemed to be critically undercapitalized and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (continues in that category for four quarters, the statute requires, with certain narrowly limited exceptions, that the institution be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (placed in receivership.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Safety and Soundness; Regulation of Bank Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.40 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 281.72 742.10 Td (The Federal Reserve Board possesses the power to prohibit a bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (from engaging in any activity that would be an unsafe and unsound banking practice and in violation of the law) Tj ET Q q 0 0 0 rg BT 495.06 730.10 Td (. Moreover) Tj ET Q q 0 0 0 rg BT 541.59 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Federal law enactments have expanded the circumstances under which of) Tj ET Q q 0 0 0 rg BT 343.31 718.10 Td (ficers or directors of a bank may be removed by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (institution) Tj ET Q q 0 0 0 rg BT 93.34 706.10 Td (s Federal supervisory agency; restricted and further regulated lending by a bank to its executive of) Tj ET Q q 0 0 0 rg BT 486.08 706.10 Td (ficers, directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (principal shareholders or related interests thereof; restricted management personnel of a bank from serving as directors or in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (other management positions with certain depository institutions whose assets exceed a specified amount or which have an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 670.10 Td (fice within a specified geographic area; and restricted management personnel from borrowing from another institution that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (has a correspondent relationship with the bank for which they work.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Capital Rules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.72 634.10 Td (. Federal banking agencies have issued certain risk-based capital guidelines, which supplemented existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (capital requirements.In addition, the Federal Reserve Board imposes certain leverage requirements on member banks. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Banking regulators have authority to require higher minimum capital ratios for an individual bank or bank holding company in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (view of its circumstances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (The risk-based capital guidelines require all banks and bank holding companies to maintain capital levels in compliance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (risk-based capital ratios. In these ratios, the on-balance-sheet assets and of) Tj ET Q q 0 0 0 rg BT 358.31 562.10 Td (f-balance-sheet exposures are assigned a risk-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (weight based upon the perceived and historical risk of incurring a loss of principal from that exposure. ) Tj ET Q q 0 0 0 rg BT 464.42 550.10 Td (The risk-based capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (rules are designed to make regulatory capital requirements more sensitive to dif) Tj ET Q q 0 0 0 rg BT 368.32 538.10 Td (ferences in risk profiles among banks and bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (holding companies and to minimize disincentives for holding liquid assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (The risk-based capital rules also may consider interest-rate risk. Institutions with interest-rate risk exposure above a normal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (level would be required to hold extra capital in proportion to that risk. Customers currently monitors and manages its assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (and liabilities for interest-rate risk, and management believes that the interest-rate risk rules which have been implemented and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (proposed will not materially adversely af) Tj ET Q q 0 0 0 rg BT 213.94 466.10 Td (fect its operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (The Federal Reserve Board) Tj ET Q q 0 0 0 rg BT 162.46 442.10 Td (s leverage ratio rules require member banks which are rated the highest in the composite areas of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (capital, asset quality) Tj ET Q q 0 0 0 rg BT 130.71 430.10 Td (, management, earnings and liquidity to maintain a ratio of T) Tj ET Q q 0 0 0 rg BT 378.07 430.10 Td (ier 1 capital to adjusted total assets of not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (less than 3.0%. For banks which are not the most highly rated, the minimum leverage ratio will range from 4.0% to 5.0%, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (higher at the discretion of the Federal Reserve Board, and is required to be at a level commensurate with the nature of the level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (of risk of the bank's condition and activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (For purposes of the capital requirements, T) Tj ET Q q 0 0 0 rg BT 226.54 370.10 Td (ier 1, or core, capital is defined to include common shareholders) Tj ET Q q 0 0 0 rg BT 499.58 370.10 Td ( equity and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (certain noncumulative perpetual preferred stock and related surplus. T) Tj ET Q q 0 0 0 rg BT 334.80 358.10 Td (ier 2, or qualifying supplementary) Tj ET Q q 0 0 0 rg BT 479.38 358.10 Td (, capital is defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (to include a bank) Tj ET Q q 0 0 0 rg BT 121.37 346.10 Td (s allowance for loan losses up to 1.25% of risk-weighted assets, plus certain types of preferred stock and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (related surplus, certain hybrid capital instruments and certain term subordinated debt instruments.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Capital Rules. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.72 310.10 Td ( In July2013, the Federal Reserve approved final rules that substantially amend the regulatory risk-based capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (rules applicable to the Bancorp and Customers Bank. ) Tj ET Q q 0 0 0 rg BT 267.54 298.10 Td (The FDIC and the OCC have subsequently approved these rules. ) Tj ET Q q 0 0 0 rg BT 531.20 298.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (final rules were adopted following the issuance of proposed rules by the Federal Reserve in June 2012 and implement the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Basel III regulatory capital reforms and changes required by the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 367.93 274.10 Td (Act. Basel III refers to two consultative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (documents released by the Basel Committee on Banking Supervision in December 2009, the rules text released in December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (2010 and loss absorbency rules issued in January 201) Tj ET Q q 0 0 0 rg BT 263.48 250.10 Td (1, which include significant changes to bank capital, leverage and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (liquidity requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (The rules include risk-based capital and leverage ratios, planned to be phased in from 2015 to 2019, and refine the definition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (what constitutes capital for purposes of calculating those ratios. Ef) Tj ET Q q 0 0 0 rg BT 327.23 202.10 Td (fective January 1, 2015, the new minimum capital level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (requirements applicable to the Bancorp and Customers Bank under the final rules were:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 172.10 Td (\(i\)a common equity ) Tj ET Q q 0 0 0 rg BT 157.69 172.10 Td (T) Tj ET Q q 0 0 0 rg BT 163.44 172.10 Td (ier 1 risk-based capital ratio of 4.5%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 154.10 Td (\(ii\) a ) Tj ET Q q 0 0 0 rg BT 95.47 154.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.23 154.10 Td (ier 1 risk-based capital ratio of 6% \(increased from 4%\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 136.10 Td (\(iii\) a total risk-based capital ratio of 8% \(unchanged from rules in ef) Tj ET Q q 0 0 0 rg BT 349.83 136.10 Td (fect prior to January 1, 2015\) and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 118.10 Td (\(iv\) a ) Tj ET Q q 0 0 0 rg BT 97.70 118.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.45 118.10 Td (ier 1 leverage ratio of 4% for all institutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (The final rules also establish a capital conservation buf) Tj ET Q q 0 0 0 rg BT 274.18 94.10 Td (fer above the new regulatory minimum capital requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (The capital conservation buf) Tj ET Q q 0 0 0 rg BT 163.94 70.10 Td (fer will be phased-in over four years beginning on January1, 2016, as follows: the maximum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (buf) Tj ET Q q 0 0 0 rg BT 63.15 58.10 Td (fer will be 0.625% of risk-weighted assets for 2016, 1.25% for 2017, 1.875% for 2018, and 2.5% for 2019 and thereafter) Tj ET Q q 0 0 0 rg BT 544.98 58.10 Td (. ) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 742.10 Td (fective January 1, 2017, the minimum capital level requirements \(including the capital conservation buf) Tj ET Q q 0 0 0 rg BT 473.67 742.10 Td (fer\) applicable to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Bancorp and Customers Bank under the final rules were:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 712.10 Td (\(i\)a common equity ) Tj ET Q q 0 0 0 rg BT 157.69 712.10 Td (T) Tj ET Q q 0 0 0 rg BT 163.44 712.10 Td (ier 1 capital ratio of 5.75%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 694.10 Td (\(ii\) a ) Tj ET Q q 0 0 0 rg BT 95.47 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.23 694.10 Td (ier 1 risk-based capital ratio of 7.25% and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 676.10 Td (\(iii\) a total risk-based capital ratio of 9.25%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 652.10 Td (fective January 1, 2018, the minimum capital level requirements \(including the capital conservation buf) Tj ET Q q 0 0 0 rg BT 473.67 652.10 Td (fer\) applicable to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (Bancorp and Customers Bank under the final rules are:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 622.10 Td (\(i\)a common equity ) Tj ET Q q 0 0 0 rg BT 157.69 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 163.44 622.10 Td (ier 1 capital ratio of 6.375%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 604.10 Td (\(ii\) a ) Tj ET Q q 0 0 0 rg BT 95.47 604.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.23 604.10 Td (ier 1 risk-based capital ratio of 7.875% and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 586.10 Td (\(iii\) a total risk-based capital ratio of 9.875%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Considering the capital conservation buf) Tj ET Q q 0 0 0 rg BT 212.00 562.10 Td (fer) Tj ET Q q 0 0 0 rg BT 222.70 562.10 Td (, to avoid limitations on certain actions or activities, banks will be required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (maintain the following ratios beginning January 1, 2019:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 532.10 Td (\(i\) a common equity ) Tj ET Q q 0 0 0 rg BT 157.69 532.10 Td (T) Tj ET Q q 0 0 0 rg BT 163.44 532.10 Td (ier 1 capital ratio of 7.0%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 514.10 Td (\(ii\) a ) Tj ET Q q 0 0 0 rg BT 95.47 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.23 514.10 Td (ier 1 risk-based capital ratio of 8.5% and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 496.10 Td (\(iii\) a total risk-based capital ratio of 10.5%.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (Under the final rules, institutions are subject to limitations on paying dividends, engaging in share repurchases and paying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (discretionary bonuses if their capital levels fall below the minimum capital level plus capital conservation buf) Tj ET Q q 0 0 0 rg BT 488.85 460.10 Td (fer amount. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (These limitations establish a maximum percentage of eligible retained income that could be utilized for such actions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (Basel III provided discretion for regulators to impose an additional buf) Tj ET Q q 0 0 0 rg BT 333.08 424.10 Td (fer) Tj ET Q q 0 0 0 rg BT 343.77 424.10 Td (, the countercyclical buf) Tj ET Q q 0 0 0 rg BT 444.65 424.10 Td (fer) Tj ET Q q 0 0 0 rg BT 455.35 424.10 Td (, of up to 2.5% of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (common equity ) Tj ET Q q 0 0 0 rg BT 114.81 412.10 Td (T) Tj ET Q q 0 0 0 rg BT 120.57 412.10 Td (ier 1 capital to take into account the macro-financial environment and periods of excessive credit growth. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (However) Tj ET Q q 0 0 0 rg BT 86.25 400.10 Td (, the final rules permit the countercyclical buf) Tj ET Q q 0 0 0 rg BT 268.77 400.10 Td (fer to be applied only to advanced approach banks \(i.e., banks with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td ($250 billion or more in total assets or $10 billion or more in total foreign exposures\), which currently excludes the Bancorp and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (Customers Bank. ) Tj ET Q q 0 0 0 rg BT 121.21 376.10 Td (The final rules also implement revisions and clarifications consistent with Basel III regarding the various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (components of ) Tj ET Q q 0 0 0 rg BT 111.47 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 117.23 364.10 Td (ier 1 capital, including common equity) Tj ET Q q 0 0 0 rg BT 271.54 364.10 Td (, unrealized gains and losses, as well as certain instruments that will no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (longer qualify as ) Tj ET Q q 0 0 0 rg BT 119.52 352.10 Td (T) Tj ET Q q 0 0 0 rg BT 125.28 352.10 Td (ier 1 capital, some of which will be phased out over time. However) Tj ET Q q 0 0 0 rg BT 396.19 352.10 Td (, the final rules provide that small ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (depository institution holding companies with less than $15 billion in total assets as of December31, 2009, \(which includes the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (Bancorp\) will be able to permanently include non-qualifying instruments that were issued and included in ) Tj ET Q q 0 0 0 rg BT 475.54 328.10 Td (T) Tj ET Q q 0 0 0 rg BT 481.30 328.10 Td (ier 1 or ) Tj ET Q q 0 0 0 rg BT 512.50 328.10 Td (T) Tj ET Q q 0 0 0 rg BT 518.25 328.10 Td (ier 2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (capital prior to May19, 2010, as additional ) Tj ET Q q 0 0 0 rg BT 225.34 316.10 Td (T) Tj ET Q q 0 0 0 rg BT 231.09 316.10 Td (ier 1 or ) Tj ET Q q 0 0 0 rg BT 262.29 316.10 Td (T) Tj ET Q q 0 0 0 rg BT 268.05 316.10 Td (ier 2 capital until they redeem such instruments or until the instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (mature.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (In addition, the final rules provide for smaller banking institutions \(less than $250 billion in consolidated assets\) an opportunity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (to make a one-time election to opt out of including most elements of accumulated other comprehensive income in regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (capital. Importantly) Tj ET Q q 0 0 0 rg BT 130.71 256.10 Td (, the opt-out excludes from regulatory capital not only unrealized gains and losses on available-for) Tj ET Q q 0 0 0 rg BT 524.00 256.10 Td (-sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (debt securities, but also accumulated net gains and losses on cash-flow hedges and amounts attributable to defined benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (postretirement plans. Customers Bank selected the opt-out election in its March 31, 2015 Call Report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (The final rules also contain revisions to the prompt corrective action framework, which is designed to place restrictions on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (insured depository institutions, including Customers Bank, if their capital levels begin to show signs of weakness. ) Tj ET Q q 0 0 0 rg BT 510.32 196.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (revisions took ef) Tj ET Q q 0 0 0 rg BT 116.47 184.10 Td (fect on January1, 2015. Under the prompt corrective action requirements, which are designed to complement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (the capital conservation buf) Tj ET Q q 0 0 0 rg BT 160.61 172.10 Td (fer) Tj ET Q q 0 0 0 rg BT 171.31 172.10 Td (, insured depository institutions will be required to meet the following increased capital level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (requirements in order to qualify as well capitalized:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 142.10 Td (\(i\) a common equity ) Tj ET Q q 0 0 0 rg BT 157.69 142.10 Td (T) Tj ET Q q 0 0 0 rg BT 163.44 142.10 Td (ier 1 capital ratio of 6.5%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 124.10 Td (\(ii\) a ) Tj ET Q q 0 0 0 rg BT 95.47 124.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.23 124.10 Td (ier 1 risk-based capital ratio of 8% \(increased from 6%\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 106.10 Td (\(iii\) a total risk-based capital ratio of 10% \(unchanged from rules in ef) Tj ET Q q 0 0 0 rg BT 354.83 106.10 Td (fect prior to January 1, 2015\) and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 88.10 Td (\(iv\) a ) Tj ET Q q 0 0 0 rg BT 97.70 88.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.45 88.10 Td (ier 1 leverage ratio of 5% \(increased from 4%\).) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The final rules set forth certain changes for the calculation of risk-weighted assets, which were required to be utilized as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (January1, 2015. ) Tj ET Q q 0 0 0 rg BT 120.92 730.10 Td (The standardized approach final rule utilizes an increased number of credit-risk exposure categories and risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (weights and also addresses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 700.10 Td (\(i\) an alternative standard of creditworthiness consistent with Section939A) Tj ET Q q 0 0 0 rg BT 375.31 700.10 Td ( of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 454.19 700.10 Td (Act;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 682.10 Td (\(ii\) revisions to recognition of credit-risk mitigation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 664.10 Td (\(iii\) rules for risk weighting of equity exposures and past-due loans;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 646.10 Td (\(iv\) revised capital treatment for derivatives and repo-style transactions and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 628.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 91.36 628.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 134.61 628.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 189.52 628.10 Td (for ) Tj ET Q q 0 0 0 rg BT 203.88 628.10 Td (top-tier ) Tj ET Q q 0 0 0 rg BT 236.02 628.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 270.94 628.10 Td (or) Tj ET Q q 0 0 0 rg BT 279.08 628.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 327.33 628.10 Td (with ) Tj ET Q q 0 0 0 rg BT 347.81 628.10 Td ($50 ) Tj ET Q q 0 0 0 rg BT 365.51 628.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 394.33 628.10 Td (or ) Tj ET Q q 0 0 0 rg BT 405.36 628.10 Td (more ) Tj ET Q q 0 0 0 rg BT 428.61 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.09 628.10 Td (total ) Tj ET Q q 0 0 0 rg BT 459.57 628.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 485.60 628.10 Td (that ) Tj ET Q q 0 0 0 rg BT 503.30 628.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.21 628.10 Td (not ) Tj ET Q q 0 0 0 rg BT 533.69 628.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.28 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.00 616.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 150.69 616.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 189.83 616.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 216.21 616.10 Td (that ) Tj ET Q q 0 0 0 rg BT 233.71 616.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 258.42 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.70 616.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 294.53 616.10 Td (with ) Tj ET Q q 0 0 0 rg BT 314.81 616.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 345.06 616.10 Td (than ) Tj ET Q q 0 0 0 rg BT 364.78 616.10 Td ($250 ) Tj ET Q q 0 0 0 rg BT 387.28 616.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 415.89 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.17 616.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 479.21 616.10 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 592.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 592.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 592.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 592.10 Td (, Customers Bank and the Bancorp met all capital adequacy requirements to which they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (were subject. For additional information on Customers' regulatory capital ratios, refer to NOTE19 REGULA) Tj ET Q q 0 0 0 rg BT 500.58 580.10 Td (T) Tj ET Q q 0 0 0 rg BT 506.50 580.10 Td (OR) Tj ET Q q 0 0 0 rg BT 519.84 580.10 Td (Y) Tj ET Q q 0 0 0 rg BT 526.69 580.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (MA) Tj ET Q q 0 0 0 rg BT 65.00 568.10 Td (TTERS to the consolidated financial statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (Dodd-Frank W) Tj ET Q q 0 0 0 rg BT 109.90 544.10 Td (all Str) Tj ET Q q 0 0 0 rg BT 134.26 544.10 Td (eet Reform and Consumer Pr) Tj ET Q q 0 0 0 rg BT 251.09 544.10 Td (otection ) Tj ET Q q 0 0 0 rg BT 285.63 544.10 Td (Act. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.95 544.10 Td () Tj ET Q q 0 0 0 rg BT 306.27 544.10 Td (The Dodd-Frank bill was enacted by Congress on July15, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (2010, and was signed into law by President Obama on July21, 2010. ) Tj ET Q q 0 0 0 rg BT 330.81 532.10 Td (Among many other provisions, the legislation:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 524.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 512.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 512.90 Td (established the Financial Stability Oversight Council, a federal agency acting as the financial system) Tj ET Q q 0 0 0 rg BT 510.93 512.90 Td (s systemic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 500.90 Td (risk regulator with the authority to review the activities of significant bank holding companies and non-bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 488.90 Td (financial firms, to make recommendations and impose standards regarding capital, leverage, conflicts and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 476.90 Td (requirements for financial firms and to impose regulatory standards on certain financial firms deemed to pose a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 464.90 Td (systemic threat to the financial health of the U.S. economy;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 446.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 446.90 Td (created a new Consumer Financial Protection Bureau within the U.S. Federal Reserve, which has substantive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 434.90 Td (rule-making authority over a wide variety of consumer financial services and products, including the power to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 422.90 Td (regulate unfair) Tj ET Q q 0 0 0 rg BT 164.23 422.90 Td (, deceptive or abusive acts or practices;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 404.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 404.90 Td (permitted state attorneys general and other state enforcement authorities broader power to enforce consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 392.90 Td (protection laws against banks;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 374.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 374.90 Td (authorized federal regulatory agencies to ban compensation arrangements at financial institutions that give ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 362.90 Td (employees incentives to engage in conduct that could pose risks to the nation) Tj ET Q q 0 0 0 rg BT 417.09 362.90 Td (s financial system;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 344.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 344.90 Td (granted the U.S. Government resolution authority to liquidate or take emer) Tj ET Q q 0 0 0 rg BT 404.68 344.90 Td (gency measures with regard to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 332.90 Td (troubled financial institutions, such as bank holding companies, that fall outside the existing resolution authority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 320.90 Td (of the Federal Deposit Insurance Corporation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 302.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 302.90 Td (required that the amount of any interchange fee char) Tj ET Q q 0 0 0 rg BT 315.22 302.90 Td (ged by a debit card issuer with respect to a debit card ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 290.90 Td (transaction must be reasonable and proportional to the cost incurred by the issuer) Tj ET Q q 0 0 0 rg BT 429.85 290.90 Td (. On June29, 201) Tj ET Q q 0 0 0 rg BT 502.53 290.90 Td (1, for banks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 278.90 Td (with assets of $10 billion or greater) Tj ET Q q 0 0 0 rg BT 247.29 278.90 Td (, the Federal Reserve Board set the interchange rate cap at $0.21 per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 266.90 Td (transaction and 5 basis points multiplied by the value of the transaction; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 248.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 248.90 Td (gave the FDIC substantial new authority and flexibility in assessing deposit insurance premiums, which may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 236.90 Td (result in increased deposit insurance premiums for Customers in the future;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 218.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 218.90 Td (increased the deposit insurance coverage limit for insurable deposits to $250,000 generally) Tj ET Q q 0 0 0 rg BT 468.62 218.90 Td (, and removes the limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 206.90 Td (entirely for transaction accounts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 188.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 188.90 Td (permitted banks to pay interest on business demand deposit accounts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 170.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 170.90 Td (extended the national bank lending \(or loans-to-one-borrower\) limits to other institutions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 152.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 152.90 Td (prohibited banks subject to enforcement action such as a memorandum of understanding from changing their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 140.90 Td (charter without the approval of both their existing charter regulator and their proposed new charter regulator and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 122.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 122.90 Td (imposed new limits on asset purchase and sale transactions between banks and their insiders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.90 Td (Many of these provisions are subject to further rule making and to the discretion of regulatory bodies, including Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.90 Td (Bank) Tj ET Q q 0 0 0 rg BT 73.89 86.90 Td (s primary federal banking regulator) Tj ET Q q 0 0 0 rg BT 215.10 86.90 Td (, the Federal Reserve. It is not possible to predict at this time the extent to which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.90 Td (regulations authorized or mandated by the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 271.88 74.90 Td (Act will impose requirements or restrictions on Customers Bank in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.90 Td (addition to or dif) Tj ET Q q 0 0 0 rg BT 117.31 62.90 Td (ferent from the provisions summarized above.) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Regulatory Reform and Legislation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.88 742.10 Td (From time to time, various legislative and regulatory initiatives are introduced in Congress ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (and state legislatures, as well as by regulatory agencies. Such initiatives may include proposals to expand or contract the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (powers of bank holding companies and depository institutions or proposals to substantially change the financial institution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (regulatory system. Such legislation could change banking statutes and the operating environment of Customers in substantial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (and unpredictable ways. If enacted, such legislation could increase or decrease the cost of doing business, limit or expand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (permissible activities or af) Tj ET Q q 0 0 0 rg BT 155.62 682.10 Td (fect the competitive balance among banks, savings associations, credit unions and other financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (institutions. Customers cannot predict whether any such legislation will be enacted, and, if enacted, the ef) Tj ET Q q 0 0 0 rg BT 474.70 670.10 Td (fect that it, or any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (implementing regulations, would have on its financial condition or results of operations. ) Tj ET Q q 0 0 0 rg BT 407.43 658.10 Td (A) Tj ET Q q 0 0 0 rg BT 414.10 658.10 Td ( change in statutes, regulations or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (regulatory policies applicable to Customers or our subsidiaries could have a material ef) Tj ET Q q 0 0 0 rg BT 398.60 646.10 Td (fect on our business, financial condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (and results of operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Deposit Insurance ) Tj ET Q q 0 0 0 rg BT 125.92 610.10 Td (Assessments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.36 610.10 Td (. Customers Bank) Tj ET Q q 0 0 0 rg BT 252.03 610.10 Td (s deposits are insured by the FDIC up to the limits set forth under applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (law and are subject to deposit insurance premium assessments. ) Tj ET Q q 0 0 0 rg BT 306.14 598.10 Td (The FDIC imposes a risk-based deposit premium assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (system, which was amended pursuant to the Federal Deposit Insurance Reform ) Tj ET Q q 0 0 0 rg BT 368.25 586.10 Td (Act of 2005 \(the Act\). Under this system, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (amount of FDIC assessments paid by an individual insured depository institution, like Customers Bank, is based on the level of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (perceived risk incurred in its activities. ) Tj ET Q q 0 0 0 rg BT 210.32 562.10 Td (The FDIC places a depository institution in one of four risk categories determined by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (reference to its capital levels and supervisory ratings. In addition, in the case of those institutions in the lowest risk category) Tj ET Q q 0 0 0 rg BT 547.28 550.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (the FDIC further determines its assessment rates based on certain specified financial ratios.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (In February201) Tj ET Q q 0 0 0 rg BT 114.06 514.10 Td (1, the FDIC adopted a final rule modifying the risk-based assessment system and setting initial base assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (rates beginning in ) Tj ET Q q 0 0 0 rg BT 123.60 502.10 Td (April201) Tj ET Q q 0 0 0 rg BT 161.84 502.10 Td (1, ranging from 2.5 to 45 basis points of ) Tj ET Q q 0 0 0 rg BT 324.70 502.10 Td (T) Tj ET Q q 0 0 0 rg BT 330.45 502.10 Td (ier I capital.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (In addition to deposit insurance assessments, banks are subject to assessments to pay the interest on Financing Corporation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 81.21 466.10 Td (The Financing Corporation was created by Congress to issue bonds to finance the resolution of failed thrift institutions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (The FDIC sets the Financing Corporation assessment rate every quarter) Tj ET Q q 0 0 0 rg BT 335.76 454.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Community Reinvestment ) Tj ET Q q 0 0 0 rg BT 154.24 430.10 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.56 430.10 Td (. Under the Community Reinvestment ) Tj ET Q q 0 0 0 rg BT 324.49 430.10 Td (Act of 1977 \(CRA\), the record of a bank holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (company and its subsidiary banks must be considered by the appropriate Federal banking agencies, including the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Reserve Board, in reviewing and approving or disapproving a variety of regulatory applications including approval of a branch ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (or other deposit facility) Tj ET Q q 0 0 0 rg BT 142.93 394.10 Td (, of) Tj ET Q q 0 0 0 rg BT 156.08 394.10 Td (fice relocation, a mer) Tj ET Q q 0 0 0 rg BT 240.85 394.10 Td (ger and certain acquisitions. Federal banking agencies have demonstrated an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (increased readiness to deny applications based on unsatisfactory CRA) Tj ET Q q 0 0 0 rg BT 329.37 382.10 Td ( performance. ) Tj ET Q q 0 0 0 rg BT 389.71 382.10 Td (The Federal Reserve Board is required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (assess Customers' record to determine if it is meeting the credit needs of the community) Tj ET Q q 0 0 0 rg BT 401.06 370.10 Td (, including the low-and-moderate- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (income neighborhoods that it serves. ) Tj ET Q q 0 0 0 rg BT 201.73 358.10 Td (The Financial Institutions Reform, Recovery) Tj ET Q q 0 0 0 rg BT 380.21 358.10 Td (, and Enforcement ) Tj ET Q q 0 0 0 rg BT 455.74 358.10 Td (Act of 1989 amended the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (CRA) Tj ET Q q 0 0 0 rg BT 70.01 346.10 Td ( to require, among other things, that the Federal Reserve Board make publicly available an evaluation of the bank's record ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (of meeting the credit needs of its entire community) Tj ET Q q 0 0 0 rg BT 253.74 334.10 Td (, including low-and-moderate-income neighborhoods. ) Tj ET Q q 0 0 0 rg BT 474.33 334.10 Td (This evaluation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (includes a descriptive rating \(outstanding, satisfactory) Tj ET Q q 0 0 0 rg BT 265.40 322.10 Td (, needs to improve or substantial noncompliance\) and a statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (describing the basis for the rating.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Incentive Compensation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.42 286.10 Td (In June 2010, the Federal Reserve Board, OCC and FDIC issued comprehensive final guidance on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (incentive compensation policies intended to ensure that the incentive compensation policies of banking or) Tj ET Q q 0 0 0 rg BT 473.31 274.10 Td (ganizations do not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (undermine the safety and soundness of such or) Tj ET Q q 0 0 0 rg BT 236.72 262.10 Td (ganizations by encouraging excessive risk-taking. ) Tj ET Q q 0 0 0 rg BT 440.64 262.10 Td (The guidance, which covers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (all employees that have the ability to materially af) Tj ET Q q 0 0 0 rg BT 250.30 250.10 Td (fect the risk profile of an or) Tj ET Q q 0 0 0 rg BT 360.08 250.10 Td (ganization, either individually or as part of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (group, is based upon the key principles that a banking or) Tj ET Q q 0 0 0 rg BT 276.16 238.10 Td (ganization) Tj ET Q q 0 0 0 rg BT 320.59 238.10 Td (s incentive compensation arrangements should \(i\)provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (incentives that do not encourage risk-taking beyond the or) Tj ET Q q 0 0 0 rg BT 282.53 226.10 Td (ganization) Tj ET Q q 0 0 0 rg BT 326.96 226.10 Td (s ability to ef) Tj ET Q q 0 0 0 rg BT 379.27 226.10 Td (fectively identify and manage risks, \(ii\)be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (compatible with ef) Tj ET Q q 0 0 0 rg BT 124.79 214.10 Td (fective internal controls and risk management and \(iii\)be supported by strong corporate governance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (including active and ef) Tj ET Q q 0 0 0 rg BT 141.17 202.10 Td (fective oversight by the or) Tj ET Q q 0 0 0 rg BT 245.96 202.10 Td (ganization) Tj ET Q q 0 0 0 rg BT 290.39 202.10 Td (s board of directors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (The Federal Reserve Board will review) Tj ET Q q 0 0 0 rg BT 206.79 178.10 Td (, as part of the regular) Tj ET Q q 0 0 0 rg BT 294.13 178.10 Td (, risk-focused examination process, the incentive compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (arrangements of banking or) Tj ET Q q 0 0 0 rg BT 160.06 166.10 Td (ganizations, such as Customers, that are not lar) Tj ET Q q 0 0 0 rg BT 352.32 166.10 Td (ge, complex banking or) Tj ET Q q 0 0 0 rg BT 446.56 166.10 Td (ganizations. ) Tj ET Q q 0 0 0 rg BT 503.86 166.10 Td (These reviews ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (will be tailored to each or) Tj ET Q q 0 0 0 rg BT 152.28 154.10 Td (ganization based on the scope and complexity of the or) Tj ET Q q 0 0 0 rg BT 372.31 154.10 Td (ganization) Tj ET Q q 0 0 0 rg BT 416.74 154.10 Td (s activities and the prevalence of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (incentive compensation arrangements. ) Tj ET Q q 0 0 0 rg BT 208.37 142.10 Td (The findings of the supervisory initiatives will be included in reports of examination. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Deficiencies will be incorporated into the or) Tj ET Q q 0 0 0 rg BT 226.42 130.10 Td (ganization) Tj ET Q q 0 0 0 rg BT 270.85 130.10 Td (s supervisory ratings, which can af) Tj ET Q q 0 0 0 rg BT 409.52 130.10 Td (fect the or) Tj ET Q q 0 0 0 rg BT 449.87 130.10 Td (ganization) Tj ET Q q 0 0 0 rg BT 494.30 130.10 Td (s ability to make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (acquisitions and take other actions. Enforcement actions may be taken against a banking or) Tj ET Q q 0 0 0 rg BT 416.65 118.10 Td (ganization if its incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (compensation arrangements, or related risk-management control or governance processes, pose a risk to the or) Tj ET Q q 0 0 0 rg BT 491.33 106.10 Td (ganization) Tj ET Q q 0 0 0 rg BT 535.76 106.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (safety and soundness, and the or) Tj ET Q q 0 0 0 rg BT 179.23 94.10 Td (ganization is not taking prompt and ef) Tj ET Q q 0 0 0 rg BT 331.24 94.10 Td (fective measures to correct the deficiencies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (In addition, Section956 of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 224.98 70.10 Td (Act required certain regulators \(including the FDIC, SEC and Federal Reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (Board\) to adopt requirements or guidelines prohibiting excessive compensation. In ) Tj ET Q q 0 0 0 rg BT 385.48 58.10 Td (April and May 2016, the Federal Reserve, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (jointly with five other federal regulators, published a proposed rule in response to Section956 of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 505.18 46.10 Td (Act, which ) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (requires implementation of regulations or guidelines to: \(i\)prohibit incentive-based payment arrangements that encourage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (inappropriate risks by certain financial institutions by providing excessive compensation or that could lead to material financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (loss and \(ii\)require those financial institutions to disclose information concerning incentive-based compensation arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (to the appropriate federal regulator) Tj ET Q q 0 0 0 rg BT 188.82 706.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (The proposed rule identifies three categories of institutions that would be covered by these regulations based on average total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (consolidated assets, applying less prescriptive incentive-based compensation program requirements to the smallest covered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (institutions \(Level 3\) and progressively more rigorous requirements to the lar) Tj ET Q q 0 0 0 rg BT 358.63 658.10 Td (ger covered institutions \(Level 1\). Under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (proposed rule, Customers would fall into the smallest category \(Level 3\), which applies to financial institutions with average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (total consolidated assets greater than $1billion and less than $50billion. ) Tj ET Q q 0 0 0 rg BT 345.32 634.10 Td (The proposed rules would establish general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (qualitative requirements applicable to all covered entities, which would include \(i\)prohibiting incentive arrangements that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (encourage inappropriate risks by providing excessive compensation; \(ii\)prohibiting incentive arrangements that encourage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (inappropriate risks that could lead to a material financial loss; \(iii\)establishing requirements for performance measures to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (appropriately balance risk and reward; \(iv\)requiring board of director oversight of incentive arrangements and \(v\)mandating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (appropriate record keeping. Under the proposed rule, lar) Tj ET Q q 0 0 0 rg BT 277.50 574.10 Td (ger financial institutions with total consolidated assets of at least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td ($50billion would also be subject to additional requirements applicable to such institutions) Tj ET Q q 0 0 0 rg BT 414.19 562.10 Td ( senior executive of) Tj ET Q q 0 0 0 rg BT 497.03 562.10 Td (ficers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (significant risk-takers. ) Tj ET Q q 0 0 0 rg BT 153.12 550.10 Td (These additional requirements would not be applicable to Customers because it currently has less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td ($50billion in total consolidated assets. Comments on the proposed rule were due by July22, 2016. ) Tj ET Q q 0 0 0 rg BT 453.28 538.10 Td (As of the date of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (document, the final rule has not yet been published by these regulators.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Consumer Pr) Tj ET Q q 0 0 0 rg BT 103.24 502.10 Td (otection Laws) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.08 502.10 Td (. Customers Bank is subject to a variety of consumer protection laws, including the ) Tj ET Q q 0 0 0 rg BT 496.33 502.10 Td (T) Tj ET Q q 0 0 0 rg BT 502.08 502.10 Td (ruth in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Lending ) Tj ET Q q 0 0 0 rg BT 85.27 490.10 Td (Act, the ) Tj ET Q q 0 0 0 rg BT 119.25 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 125.00 490.10 Td (ruth in Savings ) Tj ET Q q 0 0 0 rg BT 187.51 490.10 Td (Act adopted as part of the Federal Deposit Insurance Corporation Improvement ) Tj ET Q q 0 0 0 rg BT 507.13 490.10 Td (Act of 1991 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (\(FDICIA\), the Equal Credit Opportunity ) Tj ET Q q 0 0 0 rg BT 222.74 478.10 Td (Act, the Home Mortgage Disclosure ) Tj ET Q q 0 0 0 rg BT 369.93 478.10 Td (Act, the Electronic Funds ) Tj ET Q q 0 0 0 rg BT 474.45 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 480.21 478.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 509.91 478.10 Td (Act, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Real Estate Settlement Procedures ) Tj ET Q q 0 0 0 rg BT 189.40 466.10 Td (Act and the regulations adopted thereunder) Tj ET Q q 0 0 0 rg BT 361.29 466.10 Td (. In the aggregate, compliance with these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (consumer protection laws and regulations involves substantial expense and administrative time on the part of Customers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (UDAP) Tj ET Q q 0 0 0 rg BT 76.48 424.10 Td ( and UDAAP) Tj ET Q q 0 0 0 rg BT 127.96 424.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.46 424.10 Td (Banking regulatory agencies have increasingly used a general consumer protection statute to address ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (unethical or otherwise bad business practices that may not necessarily fall directly under the purview of a specific banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (or consumer finance law) Tj ET Q q 0 0 0 rg BT 147.92 400.10 Td (. ) Tj ET Q q 0 0 0 rg BT 155.24 400.10 Td (The law of choice for enforcement against such business practices has been Section5 of the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 388.10 Td (rade Commission ) Tj ET Q q 0 0 0 rg BT 127.98 388.10 Td (Act, \("the FTC ) Tj ET Q q 0 0 0 rg BT 189.83 388.10 Td (Act"\), which is the primary federal law that prohibits unfair or deceptive acts or practices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (referred to as "UDAP) Tj ET Q q 0 0 0 rg BT 135.44 376.10 Td (," and unfair methods of competition in or af) Tj ET Q q 0 0 0 rg BT 314.02 376.10 Td (fecting commerce. Unjustified consumer injury is the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (principal focus of the FTC ) Tj ET Q q 0 0 0 rg BT 158.04 364.10 Td (Act. Prior to the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 278.30 364.10 Td (Act, there was little formal guidance to provide insight to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (parameters for compliance with UDAP) Tj ET Q q 0 0 0 rg BT 206.25 352.10 Td ( laws and regulations. However) Tj ET Q q 0 0 0 rg BT 334.70 352.10 Td (, UDAP) Tj ET Q q 0 0 0 rg BT 366.55 352.10 Td ( laws and regulations have been expanded under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 115.55 340.10 Td (Act to apply to unfair) Tj ET Q q 0 0 0 rg BT 205.67 340.10 Td (, deceptive or abusive acts or practices, referred to as "UDAAP) Tj ET Q q 0 0 0 rg BT 461.88 340.10 Td (," which have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (delegated to the Consumer Financial Protection Bureau \(CFPB\) for supervision. ) Tj ET Q q 0 0 0 rg BT 384.19 328.10 Td (The CFPB has published its first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (Supervision and Examination Manual that addresses compliance with and the examination of UDAAP) Tj ET Q q 0 0 0 rg BT 458.80 316.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Bank Holding Company Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (As a bank holding company) Tj ET Q q 0 0 0 rg BT 161.55 268.10 Td (, Customers Bancorp is also subject to additional regulation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (The Bank Holding Company ) Tj ET Q q 0 0 0 rg BT 167.77 244.10 Td (Act requires the Bancorp to secure the prior approval of the Federal Reserve Board before it owns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (or controls, directly or indirectly) Tj ET Q q 0 0 0 rg BT 179.59 232.10 Td (, more than five percent \(5%\)of the voting shares or substantially all of the assets of any bank. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (It also prohibits acquisition by the Bancorp of more than five percent \(5%\)of the voting shares of, or interest in, or all or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (substantially all of the assets of, any bank located outside of the state in which a current bank subsidiary is located unless such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (acquisition is specifically authorized by laws of the state in which such bank is located. ) Tj ET Q q 0 0 0 rg BT 403.52 196.10 Td (A) Tj ET Q q 0 0 0 rg BT 410.19 196.10 Td ( bank holding company is prohibited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (from engaging in or acquiring direct or indirect control of more than five percent \(5%\)of the voting shares of any company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (engaged in non-banking activities unless the Federal Reserve Board, by order or regulation, has found such activities to be so ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (closely related to banking or managing or controlling banks as to be a proper incident thereto. In making this determination, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (the Federal Reserve Board considers whether the performance of these activities by a bank holding company would of) Tj ET Q q 0 0 0 rg BT 523.28 148.10 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (benefits to the public that outweigh the possible adverse ef) Tj ET Q q 0 0 0 rg BT 284.48 136.10 Td (fects. ) Tj ET Q q 0 0 0 rg BT 310.30 136.10 Td (Applications under the Bank Holding Company ) Tj ET Q q 0 0 0 rg BT 503.61 136.10 Td (Act and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (Change in Control ) Tj ET Q q 0 0 0 rg BT 125.83 124.10 Td (Act are subject to review) Tj ET Q q 0 0 0 rg BT 225.14 124.10 Td (, based upon the record of compliance of the applicant with the CRA.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (The Bancorp is required to file an annual report with the Federal Reserve Board and any additional information that the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (Reserve Board may require pursuant to the Bank Holding Company ) Tj ET Q q 0 0 0 rg BT 323.83 88.10 Td (Act. Further) Tj ET Q q 0 0 0 rg BT 374.81 88.10 Td (, under Section106 of the 1970 amendments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (to the Bank Holding Company ) Tj ET Q q 0 0 0 rg BT 174.72 76.10 Td (Act and the Federal Reserve Board) Tj ET Q q 0 0 0 rg BT 317.72 76.10 Td (s regulations, a bank holding company and its subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (are prohibited from engaging in certain tie-in arrangements in connection with any extension of credit or provision of credit or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (provision of any property or services. ) Tj ET Q q 0 0 0 rg BT 204.78 52.10 Td (The so-called anti-tie-in provisions state generally that a bank may not extend credit, ) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (lease, sell property or furnish any service to a customer on the condition that the customer obtains additional credit or service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (from the bank, or on the condition that the customer not obtain other credit or service from a competitor) Tj ET Q q 0 0 0 rg BT 465.16 730.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (The Federal Reserve Board permits bank holding companies to engage in non-banking activities so closely related to banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (or managing or controlling banks as to be a proper incident thereto. ) Tj ET Q q 0 0 0 rg BT 323.81 694.10 Td (A) Tj ET Q q 0 0 0 rg BT 330.48 694.10 Td ( number of activities are authorized by Federal Reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Board regulation, while other activities require prior Federal Reserve Board approval. ) Tj ET Q q 0 0 0 rg BT 398.03 682.10 Td (The types of permissible activities are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (subject to change by the Federal Reserve Board.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Item1A. ) Tj ET Q q 0 0 0 rg BT 122.00 634.10 Td (Risk Factors) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Risks Related to the Pr) Tj ET Q q 0 0 0 rg BT 148.14 610.10 Td (oposed Spin-off of BankMobile and Merger) Tj ET Q q 0 0 0 rg BT 333.80 610.10 Td ( with Flagship Community Bank) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 586.10 Td (e face a number of risks relating to our announced plans to dispose of BankMobile through a spin-of) Tj ET Q q 0 0 0 rg BT 474.41 586.10 Td (f and merger) Tj ET Q q 0 0 0 rg BT 527.19 586.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 562.10 Td (e have announced our plans to dispose of our BankMobile business through a spin-of) Tj ET Q q 0 0 0 rg BT 399.23 562.10 Td (f of BankMobile to our shareholders, to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (be followed by a mer) Tj ET Q q 0 0 0 rg BT 134.79 550.10 Td (ger of our BankMobile ) Tj ET Q q 0 0 0 rg BT 229.03 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 234.44 550.10 Td (echnologies, Inc. subsidiary) Tj ET Q q 0 0 0 rg BT 345.43 550.10 Td (, which we refer to as BMT) Tj ET Q q 0 0 0 rg BT 454.94 550.10 Td (, into Flagship) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Community Bank, which we refer to as Flagship. ) Tj ET Q q 0 0 0 rg BT 251.73 538.10 Td (The completion of the spin-of) Tj ET Q q 0 0 0 rg BT 370.97 538.10 Td (f and mer) Tj ET Q q 0 0 0 rg BT 409.10 538.10 Td (ger will be subject to a number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (conditions, including receipt of all necessary regulatory approvals, receipt by Flagship of shareholder approvals of certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (matters relating to its acquisition of BMT) Tj ET Q q 0 0 0 rg BT 215.34 514.10 Td (, Flagship) Tj ET Q q 0 0 0 rg BT 257.57 514.10 Td (s ability to raise approximately $100 million through the issuance of shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (of its common stock and other conditions. Certain of the conditions will not be within our control, and we cannot guarantee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (you that we will be able to complete the spin-of) Tj ET Q q 0 0 0 rg BT 240.60 490.10 Td (f and mer) Tj ET Q q 0 0 0 rg BT 278.74 490.10 Td (ger on the terms we have agreed to with Flagship, or at all.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (The steps we take to complete these transactions may adversely af) Tj ET Q q 0 0 0 rg BT 314.72 466.10 Td (fect our business and the value of Customers and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (BankMobile. Uncertainty as to our ability to complete the transactions and uncertainty as to the timing of the completion of the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (transactions may adversely af) Tj ET Q q 0 0 0 rg BT 168.38 442.10 Td (fect analyst and shareholder views of our business and prospects, which could adversely af) Tj ET Q q 0 0 0 rg BT 531.43 442.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (our share price. ) Tj ET Q q 0 0 0 rg BT 116.73 430.10 Td (These uncertainties also may adversely impact our relationships with our current and potential higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (education institution customers and our BankMobile team members, and could result in the loss of customers and key team ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (members. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Executing the spin-of) Tj ET Q q 0 0 0 rg BT 135.91 382.10 Td (f and mer) Tj ET Q q 0 0 0 rg BT 174.04 382.10 Td (ger may also result in the diversion of management) Tj ET Q q 0 0 0 rg BT 381.76 382.10 Td (s attention from Customers) Tj ET Q q 0 0 0 rg BT 492.95 382.10 Td ( day-to-day ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (operations generally) Tj ET Q q 0 0 0 rg BT 130.71 370.10 Td (, and the expenses we incur in executing the transactions may exceed our expectations, which may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 358.10 Td (fect our results of operations. In addition, even if we are successful in completing the spin-of) Tj ET Q q 0 0 0 rg BT 472.00 358.10 Td (f and mer) Tj ET Q q 0 0 0 rg BT 510.14 358.10 Td (ger) Tj ET Q q 0 0 0 rg BT 522.50 358.10 Td (, it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (possible that we and our shareholders may not receive the benefits we presently anticipate from these transactions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (If the proposed divestiture of BankMobile from Customers is completed, the market value of our common stock may be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (af) Tj ET Q q 0 0 0 rg BT 58.15 310.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 286.10 Td (e cannot assure you that the combined value of the Customers common stock and the Flagship/BankMobile common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (received by shareholders immediately following completion of the spin-of) Tj ET Q q 0 0 0 rg BT 346.96 274.10 Td (f and mer) Tj ET Q q 0 0 0 rg BT 385.09 274.10 Td (ger) Tj ET Q q 0 0 0 rg BT 397.46 274.10 Td (, as adjusted for any changes in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (combined capitalization of these companies, will be equal to, greater than, or less than what the value of Customers' common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (stock would have been had the proposed spin-of) Tj ET Q q 0 0 0 rg BT 242.83 250.10 Td (f not occurred. ) Tj ET Q q 0 0 0 rg BT 306.23 250.10 Td (The BankMobile business segment to be divested in the spin-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 238.10 Td (f has reported a net loss during the six calendar quarter periods ending December 31, 2017, of $16.9 million after taxes, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (approximately $0.52 per diluted share, and the segment has operated in a net loss position in five of those six calendar quarters. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (Also, Flagship is expected to raise a significant amount of new capital prior to the transaction. ) Tj ET Q q 0 0 0 rg BT 431.11 214.10 Td (While typically the share price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (of the residual business \(i.e, Customers\) would reflect the loss in income from the spin-of) Tj ET Q q 0 0 0 rg BT 408.08 202.10 Td (f business, because of the complexity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (of this transaction, the ef) Tj ET Q q 0 0 0 rg BT 148.96 190.10 Td (fect on our stock price is uncertain. In this instance, the BankMobile business was operating at a net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (loss before the spin-of) Tj ET Q q 0 0 0 rg BT 138.96 178.10 Td (f, the spin-of) Tj ET Q q 0 0 0 rg BT 190.16 178.10 Td (f entity is to immediately be sold and mer) Tj ET Q q 0 0 0 rg BT 356.61 178.10 Td (ged with Flagship in exchange for an ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (interest in Flagship that will exceed 50% of the combined entities, and Flagship is expected to raise a significant amount of new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (capital prior to the transaction pursuant to a new business plan. ) Tj ET Q q 0 0 0 rg BT 306.33 154.10 Td (As a result, the ef) Tj ET Q q 0 0 0 rg BT 376.40 154.10 Td (fect of the spin-of) Tj ET Q q 0 0 0 rg BT 447.58 154.10 Td (f and mer) Tj ET Q q 0 0 0 rg BT 485.72 154.10 Td (ger on the market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (value of Customers' common stock, or on the combined value of Customers' common stock and the Flagship/BankMobile's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (common stock, will not be known until the market has fully evaluated Customers) Tj ET Q q 0 0 0 rg BT 377.81 130.10 Td ( business without its BankMobile business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (and has also fully evaluated the new Flagship/BankMobile business.) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (There could be significant tax liability to Customers and its shareholders if the spin-of) Tj ET Q q 0 0 0 rg BT 404.57 742.25 Td (f of BMT fails to qualify as a tax-free ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (transaction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (The spin-of) Tj ET Q q 0 0 0 rg BT 96.20 706.25 Td (f of BMT) Tj ET Q q 0 0 0 rg BT 134.35 706.25 Td ( to Customers) Tj ET Q q 0 0 0 rg BT 192.49 706.25 Td ( shareholders followed by a mer) Tj ET Q q 0 0 0 rg BT 320.88 706.25 Td (ger of BMT) Tj ET Q q 0 0 0 rg BT 368.47 706.25 Td ( with Flagship is intended to constitute a plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (of reor) Tj ET Q q 0 0 0 rg BT 76.75 694.25 Td (ganization within the meaning of relevant sections of the ) Tj ET Q q 0 0 0 rg BT 310.66 694.25 Td (T) Tj ET Q q 0 0 0 rg BT 316.42 694.25 Td (reasury Regulations and the Internal Revenue Code and as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (such is expected to be treated as a tax-free reor) Tj ET Q q 0 0 0 rg BT 237.22 682.25 Td (ganization to both Customers and its shareholders for U.S. federal income tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 92.87 670.25 Td (The purchase and sale agreement between Customers and Flagship provides that the parties will use their best ef) Tj ET Q q 0 0 0 rg BT 542.28 670.25 Td (forts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (to ensure such tax treatment and shall obtain the opinion of tax counsel that the contemplated transactions should constitute a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (reor) Tj ET Q q 0 0 0 rg BT 70.36 646.25 Td (ganization, and there should be no resulting U.S. federal income tax liability to Customers or its shareholders. Receipt of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (a letter stating tax counsel) Tj ET Q q 0 0 0 rg BT 157.19 634.25 Td (s opinion on the tax-free nature of the contemplated transactions is a condition to close the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 105.08 622.25 Td (The tax counsel) Tj ET Q q 0 0 0 rg BT 171.17 622.25 Td (s opinion will be based on and rely on, among other things, facts, assumptions, representations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (and undertakings related to Customers, BMT) Tj ET Q q 0 0 0 rg BT 230.34 610.25 Td ( and Flagship, including those regarding past and future conduct of Customers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (BMT) Tj ET Q q 0 0 0 rg BT 74.45 598.25 Td (s, and Flagship) Tj ET Q q 0 0 0 rg BT 137.50 598.25 Td (s respective business and other matters.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (The opinion of tax counsel is not a binding determination on the Internal Revenue Service or the courts as to whether the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (contemplated transactions qualify as reor) Tj ET Q q 0 0 0 rg BT 218.64 562.25 Td (ganization or are exempt from U.S. federal income taxes. In addition, the facts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (assumptions, representations and undertakings of Customers, BMT) Tj ET Q q 0 0 0 rg BT 318.67 550.25 Td ( and Flagship considered by tax counsel in developing its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (opinion could prove to be incorrect, or an event could occur contradictory to that assumed by tax counsel in reaching its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (opinion. ) Tj ET Q q 0 0 0 rg BT 87.50 526.25 Td (As a result, notwithstanding the determination of tax counsel, the IRS could determine that the distribution is taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (to Customers or its shareholders participating in the distribution, or both. If the spin-of) Tj ET Q q 0 0 0 rg BT 398.65 514.25 Td (f of BMT) Tj ET Q q 0 0 0 rg BT 436.24 514.25 Td (, or the subsequent mer) Tj ET Q q 0 0 0 rg BT 529.09 514.25 Td (ger of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (BMT) Tj ET Q q 0 0 0 rg BT 71.49 502.25 Td ( with Flagship in exchange for Flagship common shares, is determined to be taxable to Customers or its shareholders for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (U.S. federal income tax purposes, the distribution could be treated as a capital gain or a taxable dividend to Customers or its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (shareholders, respectively) Tj ET Q q 0 0 0 rg BT 153.20 478.25 Td (, for U.S. federal income tax purposes, and Customers or its shareholders that are subject to US ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (federal income tax could incur significant or material U.S. federal income tax liabilities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (If the ) Tj ET Q q 0 0 0 rg BT 74.63 442.25 Td (Amended and Restated Purchase and ) Tj ET Q q 0 0 0 rg BT 230.65 442.25 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 281.69 442.25 Td (Agreement is amended to satisfy regulatory) Tj ET Q q 0 0 0 rg BT 459.37 442.25 Td (, legal or other matters ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (that may be identified, such amendment may result in terms or conditions that result in taxable gains to Customers, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (BankMobile/Flagship shareholders or both.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (In the normal course of regulatory reviews and approvals, or continuing review by Customers or Flagship prior to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (completion of the spin-of) Tj ET Q q 0 0 0 rg BT 151.19 382.25 Td (f and mer) Tj ET Q q 0 0 0 rg BT 189.32 382.25 Td (ger transactions, matters may be identified that require the terms or conditions of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (Amended and Restated Purchase and ) Tj ET Q q 0 0 0 rg BT 200.23 370.25 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 250.52 370.25 Td (Agreement to be changed, or new terms and conditions to be added, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (address the matters. It is possible that such amendments to the ) Tj ET Q q 0 0 0 rg BT 303.01 358.25 Td (Amended and Restated Purchase and ) Tj ET Q q 0 0 0 rg BT 453.24 358.25 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 503.53 358.25 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (may alter the transactions in a manner that results in tax counsel, or the Internal Revenue service or courts, determining that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (proposed transactions are taxable to Customers or our shareholders receiving Flagship Community Bank shares in the mer) Tj ET Q q 0 0 0 rg BT 539.15 334.25 Td (ger) Tj ET Q q 0 0 0 rg BT 551.52 334.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (or both.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (Due to the inherent complexity of the proposed spin-of) Tj ET Q q 0 0 0 rg BT 274.26 298.25 Td (f and merger transactions, the federal banking or other regulators ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (may take longer than expected to review the transactions, and the regulators, Customers or Flagship may identify additional ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (matters to be considered that will take additional time to resolve, the completion of the proposed transactions may occur ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (later than mid-year 2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (The proposed transactions will be considered to varying degrees by the Federal Reserve Bank of Philadelphia, the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Reserve Board of Governors, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (Commonwealth of Pennsylvania, the State of Florida, and possibly other regulatory authorities. In addition, Customers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (Flagship employees and representatives continue to review materials relating to the proposed transactions. Customers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (Flagship will need to obtain a number of approvals and file a number of documents to comply with the requirements of many ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (of these regulatory authorities. Because of the complexity of the transactions, it is possible that one or more of these regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (authorities may take longer to complete its review) Tj ET Q q 0 0 0 rg BT 249.57 166.25 Td (. It is also possible that matters may be identified in any of these reviews that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (may require additional time to resolve. Considered together) Tj ET Q q 0 0 0 rg BT 290.36 154.25 Td (, the possible extended period for review and the period that may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (be necessary to resolve any matters identified, it is possible that completion of the proposed transactions may occur later than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (mid-year 2018.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (Failure to complete the proposed spin-of) Tj ET Q q 0 0 0 rg BT 216.76 106.25 Td (f of BankMobile and merger with Flagship could negatively impact our share price, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (our future business and financial results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 70.25 Td (e cannot assure you that our proposed spin-of) Tj ET Q q 0 0 0 rg BT 240.36 70.25 Td (f of BankMobile followed by a mer) Tj ET Q q 0 0 0 rg BT 382.36 70.25 Td (ger of BMT) Tj ET Q q 0 0 0 rg BT 429.95 70.25 Td ( into Flagship will be completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (in the time frame we currently anticipate, or at all. If we do not complete the proposed spin-of) Tj ET Q q 0 0 0 rg BT 428.02 58.25 Td (f and mer) Tj ET Q q 0 0 0 rg BT 466.16 58.25 Td (ger) Tj ET Q q 0 0 0 rg BT 478.53 58.25 Td (, we and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (shareholders will not receive the expected benefits of such proposed transactions, but we will have incurred significant costs in ) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (connection with our pursuit of the transactions, including our own costs relating to the proposed transaction and the costs of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Flagship relating to the proposed transaction and related matters, certain of which we are obligated to pay even if the proposed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (transaction is not completed. In addition, we cannot assure you that alternative opportunities to sell or otherwise divest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (BankMobile will be available to us, or) Tj ET Q q 0 0 0 rg BT 203.18 706.10 Td (, if available, will be on terms at least as favorable to us and our shareholders as the terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (of the proposed spin-of) Tj ET Q q 0 0 0 rg BT 142.86 694.10 Td (f and mer) Tj ET Q q 0 0 0 rg BT 180.99 694.10 Td (ger with Flagship. Market conditions, the possible need to secure regulatory) Tj ET Q q 0 0 0 rg BT 486.66 694.10 Td (, shareholder or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (other approvals and other factors will af) Tj ET Q q 0 0 0 rg BT 209.76 682.10 Td (fect our ability to pursue alternative opportunities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (In addition, the value of our common and preferred stock may decline if the proposed transactions are not completed, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (uncertainty as to whether alternative transactions may be available for the disposition of the BankMobile business, and as to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (timing, form and terms of any such alternative disposition may adversely af) Tj ET Q q 0 0 0 rg BT 352.52 634.10 Td (fect analyst and shareholder views as to the value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (the BankMobile business, which could further adversely af) Tj ET Q q 0 0 0 rg BT 285.87 622.10 Td (fect the value of our securities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (If we are unable to complete the spin-of) Tj ET Q q 0 0 0 rg BT 213.42 598.10 Td (f of BankMobile before exceeding the $10 billion total asset threshold, our business ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (and potential for future success could be materially adversely af) Tj ET Q q 0 0 0 rg BT 312.85 586.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Our business and future prospects may suf) Tj ET Q q 0 0 0 rg BT 219.79 562.10 Td (fer if we are unable to remain under $10 billion in total assets as of December 31 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (each year before we spin-of) Tj ET Q q 0 0 0 rg BT 160.87 550.10 Td (f or otherwise dispose of the BankMobile business. If we are unable to complete the spin-of) Tj ET Q q 0 0 0 rg BT 530.32 550.10 Td (f or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (otherwise dispose of BankMobile before exceeding the $10 billion total asset threshold, we would experience a significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (reduction in BankMobile interchange fee income. Under federal law and regulation, we must remain under $10 billion in total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (assets as of December 31 of each year to qualify as a small issuer of debit cards and receive the optimal debit card processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (fee. If we were to lose this status, BankMobile would operate unprofitably unless we were able to generate additional fees to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (replace the lost interchange fee revenue. ) Tj ET Q q 0 0 0 rg BT 215.47 490.10 Td (As a result, our inability to complete the spin-of) Tj ET Q q 0 0 0 rg BT 407.19 490.10 Td (f of BankMobile and mer) Tj ET Q q 0 0 0 rg BT 508.65 490.10 Td (ger with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Flagship or otherwise divest of BankMobile in a timely manner could materially and adversely af) Tj ET Q q 0 0 0 rg BT 439.72 478.10 Td (fect our financial condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (and results of operations. Because we cannot be certain of completing the spin-of) Tj ET Q q 0 0 0 rg BT 377.49 466.10 Td (f and mer) Tj ET Q q 0 0 0 rg BT 415.63 466.10 Td (ger by July 1, 2018, we reduced our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (assets below $10 billion at December 31, 2017, in order to eliminate the risk of not receiving full interchange fees, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (would occur if we no longer qualified for the smaller issuer exemption from the Durbin ) Tj ET Q q 0 0 0 rg BT 401.85 442.10 Td (Amendment for 2018.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Certain terms of our agreement with Flagship may expose us to significant liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 394.10 Td (e have agreed to indemnify Flagship and its directors and of) Tj ET Q q 0 0 0 rg BT 298.39 394.10 Td (ficers against losses and liabilities incurred by them in connection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (with the proposed transactions and to indemnify them and certain others in connection with certain expenses and additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (matters relating to the proposed transactions. In addition, we have agreed to obtain, at our expense, director and of) Tj ET Q q 0 0 0 rg BT 509.39 370.10 Td (ficer liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (insurance for the benefit of Flagship) Tj ET Q q 0 0 0 rg BT 198.01 358.10 Td (s directors and of) Tj ET Q q 0 0 0 rg BT 266.98 358.10 Td (ficers to cover them for similar losses and liabilities. ) Tj ET Q q 0 0 0 rg BT 481.09 358.10 Td (Although our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (agreement to provide indemnification is subject to certain limitations and exceptions, including limitations on the dollar amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (of losses payable by us, significant indemnification claims by Flagship, its directors and of) Tj ET Q q 0 0 0 rg BT 412.81 334.10 Td (ficers or other indemnitees could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (materially and adversely af) Tj ET Q q 0 0 0 rg BT 158.38 322.10 Td (fect our financial condition. ) Tj ET Q q 0 0 0 rg BT 273.90 322.10 Td (Also, in connection with the proposed transactions, Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (deposited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.83 310.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.72 310.10 Td ( in an escrow account with a third party to be reserved for payment to Flagship in the event the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (agreement is terminated for reasons described in the ) Tj ET Q q 0 0 0 rg BT 260.48 298.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 301.30 298.10 Td (Agreement.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (If we are unable to complete the spin-of) Tj ET Q q 0 0 0 rg BT 213.42 274.10 Td (f of BankMobile and merger with Flagship in a timely fashion, or at all, we will ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (continue to face the risks and challenges associated with the BankMobile business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (If we do not complete the proposed spin-of) Tj ET Q q 0 0 0 rg BT 222.28 238.10 Td (f of BankMobile and mer) Tj ET Q q 0 0 0 rg BT 323.74 238.10 Td (ger with Flagship in a timely fashion, or at all, we will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (continue to face the risks and challenges associated with the BankMobile business, including those relating to the integration of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (the Disbursement business, described in this Risk Factors discussion and elsewhere in this ) Tj ET Q q 0 0 0 rg BT 412.73 214.10 Td (Annual Report on Form 10-K. ) Tj ET Q q 0 0 0 rg BT 538.93 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 547.57 214.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (cannot assure you that we will be able to address and manage these risks so as to preserve or increase the value of BankMobile, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (and any failure to preserve or increase the value of BankMobile could adversely af) Tj ET Q q 0 0 0 rg BT 380.52 190.10 Td (fect the business of Customers as a whole ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (and our ability to spin-of) Tj ET Q q 0 0 0 rg BT 149.25 178.10 Td (f or otherwise dispose of BankMobile in an alternative transaction on favorable terms, or at all.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (Risks Related to the Bancorp) Tj ET Q q 0 0 0 rg BT 177.40 148.10 Td (s Banking Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (If our allowance for loan losses is insuf) Tj ET Q q 0 0 0 rg BT 212.91 130.10 Td (ficient to absorb losses in our loan portfolio, our earnings could decrease.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (Lending money is a substantial part of our business, and each loan carries a certain risk that it will not be repaid in accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (with its terms or that any underlying collateral will not be suf) Tj ET Q q 0 0 0 rg BT 295.04 94.10 Td (ficient to assure repayment. ) Tj ET Q q 0 0 0 rg BT 410.38 94.10 Td (This risk is af) Tj ET Q q 0 0 0 rg BT 464.91 94.10 Td (fected by) Tj ET Q q 0 0 0 rg BT 501.19 94.10 Td (, among other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (things:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 74.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 62.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 62.90 Td (the financial condition and cash flows of the borrower and/or the project being financed; ) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 742.10 Td (the changes and uncertainties as to the future value of the collateral, in the case of a collateralized loan;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 724.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 724.10 Td (the discount on the loan at the time of its acquisition and capital, which could have regulatory implications;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 706.10 Td (the duration of the loan;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 688.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 688.10 Td (the credit history of a particular borrower and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 670.10 Td (changes in economic and industry conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 646.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 646.10 Td (, Customers' allowance for loan losses totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.18 646.10 Td ($38.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.07 646.10 Td (, which represents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.04 646.10 Td (0.56%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.87 646.10 Td ( of total loans held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (for investment. Management makes various assumptions and judgments about the collectibility of our loan portfolio, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (the creditworthiness of our borrowers and the probability of their making payments, as well as the value of real estate and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (assets serving as collateral for the repayment of many of our loans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (In determining the amount of the allowance for loan losses, significant factors considered include loss experience in particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (segments of the portfolio, trends and absolute levels of classified and criticized loans, trends and absolute levels in delinquent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (loans, trends in risk ratings, trends in industry and Customers' char) Tj ET Q q 0 0 0 rg BT 316.58 562.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 337.50 562.10 Td (fs by particular segments and changes in existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (general economic and business conditions af) Tj ET Q q 0 0 0 rg BT 228.38 550.10 Td (fecting our lending areas and the national economy) Tj ET Q q 0 0 0 rg BT 432.38 550.10 Td (. If our assumptions are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (incorrect, our allowance for loan losses may not be suf) Tj ET Q q 0 0 0 rg BT 268.64 538.10 Td (ficient to cover losses inherent in our loan portfolio, resulting in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (additions to the allowance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Management reviews and re-estimates the allowance for loan losses quarterly) Tj ET Q q 0 0 0 rg BT 359.51 502.10 Td (. ) Tj ET Q q 0 0 0 rg BT 366.46 502.10 Td (Additions to our allowance for loan losses as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (result of management's reviews and re-estimates could materially decrease net income. Our regulators, as an integral part of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (their examination process, periodically review our allowance for loan losses and may require us to increase our allowance for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (loan losses by recognizing additional provisions for loan losses char) Tj ET Q q 0 0 0 rg BT 322.27 466.10 Td (ged to expense, or to decrease our allowance for loan losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (by recognizing loan char) Tj ET Q q 0 0 0 rg BT 148.95 454.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 169.86 454.10 Td (fs, net of recoveries. ) Tj ET Q q 0 0 0 rg BT 255.66 454.10 Td (Any such additional provisions for loan losses or char) Tj ET Q q 0 0 0 rg BT 471.00 454.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 491.92 454.10 Td (fs, as required by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (these regulatory agencies, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 284.98 442.10 Td (fect on our financial condition and results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Our emphasis on commercial, multi-family/commercial real estate and mortgage warehouse lending may expose us to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (increased lending risks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 382.10 Td (e intend to continue emphasizing the origination of commercial loans and specialty loans, including loans to mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (banking businesses. Commercial loans, including multi-family and commercial real estate loans, can expose a lender to risk of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (non-payment and loss because repayment of the loans often depends on the successful operation of a business or property and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (the borrower) Tj ET Q q 0 0 0 rg BT 101.74 346.10 Td () Tj ET Q q 0 0 0 rg BT 104.52 346.10 Td (s cash flows. Such loans typically involve lar) Tj ET Q q 0 0 0 rg BT 287.36 346.10 Td (ger loan balances to single borrowers or groups of related borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (compared to one-to-four) Tj ET Q q 0 0 0 rg BT 147.54 334.10 Td (-family residential mortgage loans. In addition, we may need to increase our allowance for loan losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (in the future to account for an increase in probable credit losses associated with such loans. ) Tj ET Q q 0 0 0 rg BT 418.77 322.10 Td (Also, we expect that many of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (commercial borrowers will have more than one loan outstanding with us. Consequently) Tj ET Q q 0 0 0 rg BT 401.77 310.10 Td (, an adverse development with respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (to one loan or one credit relationship can expose us to a significantly greater risk of loss compared to an adverse development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (with respect to a one-to-four) Tj ET Q q 0 0 0 rg BT 163.65 286.10 Td (-family residential mortgage loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (As a lender to mortgage banking businesses, we provide financing to mortgage bankers by purchasing, subject to resale under a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (master repurchase agreement, the underlying residential mortgages on a short-term basis pending the ultimate sale of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (mortgages to investors. ) Tj ET Q q 0 0 0 rg BT 147.86 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 156.50 238.10 Td (e are subject to the risks associated with such lending, including, but not limited to, the risks of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (fraud, bankruptcy and possible default by the borrower) Tj ET Q q 0 0 0 rg BT 269.53 226.10 Td (, closing agents and the residential borrower on the underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (mortgage, any of which could result in credit losses. ) Tj ET Q q 0 0 0 rg BT 263.66 214.10 Td (The risk of fraud associated with this type of lending includes, but is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (limited to, settlement process risks, the risk of financing nonexistent loans or fictitious mortgage loan transactions, or the risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (that collateral delivered is fraudulent or non-existent, creating a risk of loss of the full amount financed on the underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (residential mortgage loan, or in the settlement processes. In first quarter 2013, fraud was discovered in our held-for) Tj ET Q q 0 0 0 rg BT 512.71 178.10 Td (-sale loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 91.94 166.10 Td (Additional fraudulent transactions could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 359.99 166.10 Td (fect on our financial condition and results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Our lending to commercial mortgage businesses is a significant part of our assets and earnings. ) Tj ET Q q 0 0 0 rg BT 435.00 130.10 Td (This business is subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (seasonality of the mortgage lending business, and volumes are likely to decline if interest rates increase, generally) Tj ET Q q 0 0 0 rg BT 505.31 118.10 Td (. ) Tj ET Q q 0 0 0 rg BT 512.26 118.10 Td (A) Tj ET Q q 0 0 0 rg BT 518.93 118.10 Td ( decline in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (the rate of growth, volume or profitability of this business unit, or a loss of its leadership could adversely af) Tj ET Q q 0 0 0 rg BT 480.00 106.10 Td (fect our results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (operations and financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 70.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 70.10 Td (, we had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.13 70.10 Td ($8.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.24 70.10 Td ( in commercial loans outstanding, approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.25 70.10 Td (96.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.08 70.10 Td ( of our total loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (portfolio, which includes loans held for sale.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Decreased origination, volume and pricing decisions of competitors may adversely af) Tj ET Q q 0 0 0 rg BT 398.96 742.25 Td (fect our profitability) Tj ET Q q 0 0 0 rg BT 481.35 742.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 718.25 Td (e currently operate a residential mortgage banking business but plan to expand our origination, sale and servicing of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (residential mortgage loans in the future. ) Tj ET Q q 0 0 0 rg BT 214.21 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 222.85 706.25 Td (e also began selling recent multi-family loan originations to third parties in third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (quarter 2014. Changes in market interest rates and pricing decisions by our loan competitors may adversely af) Tj ET Q q 0 0 0 rg BT 492.47 694.25 Td (fect demand for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (our residential-mortgage and multi-family loan products, the revenue realized on the sale of loans and revenues received from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (servicing such loans for others, and ultimately reduce our net income. New regulations, increased regulatory reviews, changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (in the structure of the secondary mortgage markets that we utilize to sell mortgage loans or other rule changes that could af) Tj ET Q q 0 0 0 rg BT 541.60 658.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (the multi-family resale market may be introduced and may increase costs and make it more dif) Tj ET Q q 0 0 0 rg BT 428.30 646.25 Td (ficult to operate a residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (mortgage origination business or sell multi-family loans.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Federal Home Loan Bank of Pittsburgh may not pay dividends or repurchase capital stock in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (On December23, 2008, the Federal Home Loan Bank of Pittsbur) Tj ET Q q 0 0 0 rg BT 310.87 586.25 Td (gh \(FHLB\) announced that it would voluntarily suspend the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (payment of dividends and the repurchase of excess capital stock until further notice. ) Tj ET Q q 0 0 0 rg BT 391.09 574.25 Td (The FHLB announced at that time that it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (expected its ability to pay dividends and add to retained earnings to be significantly curtailed due to low short-term interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (rates, an increased cost of maintaining liquidity) Tj ET Q q 0 0 0 rg BT 239.02 550.25 Td (, other) Tj ET Q q 0 0 0 rg BT 264.37 550.25 Td (-than-temporary impairment char) Tj ET Q q 0 0 0 rg BT 397.46 550.25 Td (ges and constrained access to debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (markets at attractive rates. ) Tj ET Q q 0 0 0 rg BT 159.77 538.25 Td (While the FHLB resumed payment of dividends and capital stock repurchases in 2012, capital stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (repurchases from member banks are reviewed on a quarterly basis by the FHLB, and there is no guarantee that such dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (and capital stock repurchases will continue in the future. ) Tj ET Q q 0 0 0 rg BT 280.21 514.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 514.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.23 514.25 Td (, the Bank held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.27 514.25 Td ($83.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.17 514.25 Td ( of FHLB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (capital stock.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (The fair value of our investment securities can fluctuate due to market conditions. ) Tj ET Q q 0 0 0 rg BT 392.69 478.25 Td (Adverse economic performance can lead ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (to adverse security performance and other-than-temporary impairment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 442.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 442.25 Td (, the fair value of our investment securities portfolio was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.13 442.25 Td ($471.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.02 442.25 Td (. ) Tj ET Q q 0 0 0 rg BT 448.34 442.25 Td (W) Tj ET Q q 0 0 0 rg BT 456.98 442.25 Td (e have historically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (followed a conservative investment strategy) Tj ET Q q 0 0 0 rg BT 225.41 430.25 Td (, with concentrations in securities that are backed by government-sponsored ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (enterprises. In the future, we may seek to increase yields through more aggressive strategies, which may include a greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (percentage of corporate securities, structured credit products or non-agency mortgage-backed securities. Factors beyond our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (control can significantly influence the fair value of securities in our portfolio and can cause potential adverse changes to the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (value of these securities. ) Tj ET Q q 0 0 0 rg BT 153.12 382.25 Td (These factors include, but are not limited to, rating agency actions in respect of the securities, defaults ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (by the issuer or with respect to the underlying securities, and changes in market interest rates and continued instability in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (capital markets. ) Tj ET Q q 0 0 0 rg BT 117.75 358.25 Td (Any of these factors, among others, such as a change in management's intent to hold the securities until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (recovery in fair value, could cause other) Tj ET Q q 0 0 0 rg BT 210.56 346.25 Td (-than-temporary impairments and realized and/or unrealized losses in future periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (and declines in other comprehensive income, which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 388.85 334.25 Td (fect on us. ) Tj ET Q q 0 0 0 rg BT 435.04 334.25 Td (The process for determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (whether impairment of a security is other than temporary usually requires complex, subjective judgments about the future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (financial performance and liquidity of the issuer and any collateral underlying the security in order to assess the probability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (receiving all contractual principal and interest payments on the security) Tj ET Q q 0 0 0 rg BT 335.08 298.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (During 2017, we recorded other) Tj ET Q q 0 0 0 rg BT 177.81 274.25 Td (-than-temporary impairment losses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.10 274.25 Td ($12.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 274.25 Td ( related to our equity holdings in Religare ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (for the full amount of the decline in fair value from the cost basis established at December 31, 2016 through September 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (2017, because we no longer have the intent to hold these securities until a recovery in fair value. ) Tj ET Q q 0 0 0 rg BT 439.97 250.25 Td (The fair value of the Religare ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (equity securities at September 30, 2017, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.57 238.25 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.46 238.25 Td ( became the new cost basis of the securities. ) Tj ET Q q 0 0 0 rg BT 453.24 238.25 Td (At December 31, 2017, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (fair value of the Religare equity securities was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.26 226.25 Td ($3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 226.25 Td (, which resulted in an unrealized gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 226.25 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.04 226.25 Td ( being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (recognized in accumulated other comprehensive income with no adjustment for deferred taxes, as we currently do not have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (tax strategy in place capable of generating suf) Tj ET Q q 0 0 0 rg BT 233.35 202.25 Td (ficient capital gains to utilize any capital losses resulting from the Religare ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (investment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (Changes to estimates and assumptions made by management in preparing financial statements could adversely af) Tj ET Q q 0 0 0 rg BT 517.07 166.25 Td (fect our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (business, operating results, reported assets and liabilities, financial condition and capital levels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (Changes to estimates and assumptions made by management in connection with the preparation of our consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (statements could adversely af) Tj ET Q q 0 0 0 rg BT 167.83 118.25 Td (fect the reported amounts of assets and liabilities and the reported amounts of income and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 93.42 106.25 Td (The preparation of our consolidated financial statements requires management to make certain critical accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (estimates and assumptions that could af) Tj ET Q q 0 0 0 rg BT 208.40 94.25 Td (fect the reported amounts of assets and liabilities and the reported amounts of income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (and expense during the reporting periods. Changes to management) Tj ET Q q 0 0 0 rg BT 322.15 82.25 Td (s assumptions or estimates could materially and adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 70.25 Td (fect our business, operating results, reported assets and liabilities, financial condition and capital levels. ) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Changes in accounting standards and policies can be dif) Tj ET Q q 0 0 0 rg BT 282.63 742.25 Td (ficult to predict and can materially impact how we record and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (report our financial results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Our accounting policies and methods are fundamental to how we record and report our financial condition and results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (operations. From time to time, the F) Tj ET Q q 0 0 0 rg BT 196.19 694.25 Td (ASB or the SEC changes the financial accounting and reporting standards or the policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (that govern the preparation of our financial statements. ) Tj ET Q q 0 0 0 rg BT 274.18 682.25 Td (These changes can be dif) Tj ET Q q 0 0 0 rg BT 374.51 682.25 Td (ficult to predict and can materially impact how ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (we record and report our financial condition and results of operations. ) Tj ET Q q 0 0 0 rg BT 334.45 670.25 Td (W) Tj ET Q q 0 0 0 rg BT 343.09 670.25 Td (e could be required to apply new or revised guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (retrospectively) Tj ET Q q 0 0 0 rg BT 108.77 658.25 Td (, which may result in the revision of prior period financial statements by material amounts. ) Tj ET Q q 0 0 0 rg BT 476.83 658.25 Td (The implementation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (of new or revised accounting guidance could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 336.08 646.25 Td (fect on our financial results or net worth. Notably) Tj ET Q q 0 0 0 rg BT 535.93 646.25 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (F) Tj ET Q q 0 0 0 rg BT 54.82 634.25 Td (ASB recently issued a new framework for estimating the allowance for loan and lease losses that could significantly alter the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (current estimate as well as other elements of the U.S. banking model.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Downgrades in U.S. Government and federal agency securities could adversely af) Tj ET Q q 0 0 0 rg BT 385.35 598.25 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (The long-term impact of the downgrade of the U.S. Government and federal agencies from an ) Tj ET Q q 0 0 0 rg BT 427.92 574.25 Td (AAA) Tj ET Q q 0 0 0 rg BT 449.04 574.25 Td ( to an ) Tj ET Q q 0 0 0 rg BT 473.20 574.25 Td (AA+ credit rating is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (still uncertain. However) Tj ET Q q 0 0 0 rg BT 148.46 562.25 Td (, in addition to causing economic and financial market disruptions, the downgrade, and any future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (downgrades and/or failures to raise the U.S. debt limit if necessary in the future, could, among other things, materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 538.25 Td (fect the market value of the U.S. and other government and governmental agency securities owned by us, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (availability of those securities as collateral for borrowing and our ability to access capital markets on favorable terms, as well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (as have other material adverse ef) Tj ET Q q 0 0 0 rg BT 181.14 514.25 Td (fects on the operation of our business and our financial results and condition. In particular) Tj ET Q q 0 0 0 rg BT 542.86 514.25 Td (, it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (could increase interest rates and disrupt payment systems, money markets, and long-term or short-term fixed-income markets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 490.25 Td (fecting the cost and availability of funding, which could negatively af) Tj ET Q q 0 0 0 rg BT 376.75 490.25 Td (fect profitability) Tj ET Q q 0 0 0 rg BT 441.35 490.25 Td (. ) Tj ET Q q 0 0 0 rg BT 448.30 490.25 Td (Also, the adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (consequences as a result of the downgrade could extend to the borrowers of the loans we make and, as a result, could adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 466.25 Td (fect our borrowers) Tj ET Q q 0 0 0 rg BT 134.03 466.25 Td ( ability to repay their loans.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 442.25 Td (e may not be able to maintain consistent earnings or profitability) Tj ET Q q 0 0 0 rg BT 323.91 442.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Although we made profit for the years 201) Tj ET Q q 0 0 0 rg BT 220.42 418.25 Td (1 through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.52 418.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.52 418.25 Td (, there can be no assurance that we will be able to remain profitable in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (future periods, or) Tj ET Q q 0 0 0 rg BT 118.75 406.25 Td (, if profitable, that our overall earnings will remain consistent or increase in the future. Our earnings also may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (be reduced by increased expenses associated with increased assets, such as additional employee compensation expense, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (increased interest expense on any liabilities incurred or deposits solicited to fund increases in assets. If earnings do not grow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (proportionately with our assets or equity) Tj ET Q q 0 0 0 rg BT 211.26 370.25 Td (, our overall profitability may be adversely af) Tj ET Q q 0 0 0 rg BT 392.69 370.25 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (Continued or worsening general business and economic conditions could materially and adversely af) Tj ET Q q 0 0 0 rg BT 465.41 346.25 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (Our business and operations are sensitive to general business and economic conditions in the United States. If the U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (economy experiences worsening conditions such as a recession, we could be materially and adversely af) Tj ET Q q 0 0 0 rg BT 467.17 310.25 Td (fected. ) Tj ET Q q 0 0 0 rg BT 498.92 310.25 Td (W) Tj ET Q q 0 0 0 rg BT 507.55 310.25 Td (eak ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (economic conditions may be characterized by deflation, instability in debt and equity capital markets, a lack of liquidity and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (depressed prices in the secondary market for mortgage loans, increased delinquencies on loans, residential and commercial real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (estate price declines and lower home sales and commercial activity) Tj ET Q q 0 0 0 rg BT 317.85 274.25 Td (. ) Tj ET Q q 0 0 0 rg BT 324.80 274.25 Td (Adverse changes in any of these factors could be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (detrimental to our business. Our business is also significantly af) Tj ET Q q 0 0 0 rg BT 307.84 262.25 Td (fected by monetary and related policies of the U.S. Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Government, its agencies and government-sponsored entities. ) Tj ET Q q 0 0 0 rg BT 300.77 250.25 Td (Adverse changes in economic factors or U.S. Government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (policies could have a negative ef) Tj ET Q q 0 0 0 rg BT 180.60 238.25 Td (fect on us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (The geographic concentration in the Northeast and Mid-Atlantic regions makes our business susceptible to downturns in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (the local economies and depressed banking markets, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 432.30 202.25 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (Our loan and deposit activities are lar) Tj ET Q q 0 0 0 rg BT 199.77 178.25 Td (gely based in the Northeast and Mid-Atlantic regions. ) Tj ET Q q 0 0 0 rg BT 419.16 178.25 Td (As a result, our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (performance depends upon economic conditions in these regions. ) Tj ET Q q 0 0 0 rg BT 316.41 166.25 Td (These regions experienced deteriorating local economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (conditions in the past economic cycle, and a downturn in the regional real estate market could harm our financial condition and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (results of operations because of the geographic concentration of loans within these regions, and because a lar) Tj ET Q q 0 0 0 rg BT 485.50 142.25 Td (ge percentage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (the loans are secured by real property) Tj ET Q q 0 0 0 rg BT 199.28 130.25 Td (. If there is decline in real estate values, the collateral value for our loans will decrease, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (and our probability of incurring losses will increase as the ability to recover on defaulted loans by selling the underlying real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (estate will be lessened.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 82.25 Td (, we have made a significant investment in commercial real estate loans. Often in a commercial real estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (transaction, repayment of the loan is dependent on the property generating suf) Tj ET Q q 0 0 0 rg BT 361.94 70.25 Td (ficient rental income to service the loan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (Economic conditions may af) Tj ET Q q 0 0 0 rg BT 164.51 58.25 Td (fect a tenant) Tj ET Q q 0 0 0 rg BT 216.15 58.25 Td (s ability to make rental payments on a timely basis, and may cause some tenants not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (to renew their leases, each of which may impact the debtor) Tj ET Q q 0 0 0 rg BT 285.56 46.25 Td () Tj ET Q q 0 0 0 rg BT 288.33 46.25 Td (s ability to make loan payments. Further) Tj ET Q q 0 0 0 rg BT 451.79 46.25 Td (, if expenses associated ) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (with commercial properties increase dramatically) Tj ET Q q 0 0 0 rg BT 247.04 742.10 Td (, a tenant) Tj ET Q q 0 0 0 rg BT 286.19 742.10 Td (s ability to repay) Tj ET Q q 0 0 0 rg BT 352.47 742.10 Td (, and therefore the debtor) Tj ET Q q 0 0 0 rg BT 453.63 742.10 Td () Tj ET Q q 0 0 0 rg BT 456.41 742.10 Td (s ability to make timely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (loan payments, could be adversely af) Tj ET Q q 0 0 0 rg BT 198.10 730.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 229.47 730.10 Td (All of these factors could increase the amount of non-performing loans, increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (our provision for loan losses and reduce our net income.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 696.10 Td (Our business is highly susceptible to credit risk.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 674.10 Td (As a lender) Tj ET Q q 0 0 0 rg BT 95.14 674.10 Td (, we are exposed to the risk that our customers will be unable to repay their loans according to the contractual terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.10 Td (and that the collateral securing the payment of their loans \(if any\) may not be suf) Tj ET Q q 0 0 0 rg BT 373.32 662.10 Td (ficient to assure repayment. ) Tj ET Q q 0 0 0 rg BT 488.65 662.10 Td (The risks inherent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.10 Td (in making any loan include risks with respect to the ability of borrowers to repay their loans and, if applicable, the period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.10 Td (time over which the loan is repaid, risks relating to proper loan underwriting and guidelines, risks resulting from changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (economic and industry conditions, risks inherent in dealing with individual borrowers and risks resulting from uncertainties as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (to the future value of collateral. Similarly) Tj ET Q q 0 0 0 rg BT 217.63 614.10 Td (, we have credit risk embedded in our securities portfolio. Our credit standards, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (policies and procedures are designed to reduce the risk of credit losses to a low level but may not prevent us from incurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (substantial credit losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 566.10 Td (, we may restructure originated or acquired loans if we believe the borrowers are experiencing problems servicing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (the debt pursuant to current terms, and we believe the borrower is likely to fully repay their restructured obligations. ) Tj ET Q q 0 0 0 rg BT 519.68 554.10 Td (W) Tj ET Q q 0 0 0 rg BT 528.32 554.10 Td (e may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (also be subject to legal or regulatory requirements for restructured loans. ) Tj ET Q q 0 0 0 rg BT 345.55 542.10 Td (W) Tj ET Q q 0 0 0 rg BT 354.59 542.10 Td (ith respect to restructured loans, we may grant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (concessions to borrowers experiencing financial dif) Tj ET Q q 0 0 0 rg BT 256.14 530.10 Td (ficulties in order to facilitate repayment of the loan by areduction of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (stated interest rate for the remaining life of the loan to lower than the current market rate for new loans with similar risk or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td (anextension of the maturity date.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 482.10 Td (e depend on our executive of) Tj ET Q q 0 0 0 rg BT 176.00 482.10 Td (ficers and key personnel to implement our strategy and could be harmed by the loss of their ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 446.10 Td (e believe that the implementation of our strategy will depend in lar) Tj ET Q q 0 0 0 rg BT 325.32 446.10 Td (ge part on the skills of our executive management team, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (and our ability to motivate and retain these and other key personnel. ) Tj ET Q q 0 0 0 rg BT 326.59 434.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 375.92 434.10 Td (, the loss of service of one or more of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.96 422.10 Td (ficers or key personnel could reduce our ability to successfully implement our growth strategy and materially and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 410.10 Td (fect us. Leadership changes will occur from time to time, and if significant resignations occur) Tj ET Q q 0 0 0 rg BT 474.83 410.10 Td (, we may not be able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (to recruit additional qualified personnel. ) Tj ET Q q 0 0 0 rg BT 215.60 398.10 Td (W) Tj ET Q q 0 0 0 rg BT 224.24 398.10 Td (e believe our executive management team possesses valuable knowledge about the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td (banking industry and that their knowledge and relationships would be very dif) Tj ET Q q 0 0 0 rg BT 362.81 386.10 Td (ficult to replicate. ) Tj ET Q q 0 0 0 rg BT 438.06 386.10 Td (Although our Chief Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 374.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 78.29 374.10 Td (, President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 214.74 374.10 Td (ficer have entered into employment agreements with us, it is possible that they may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (not complete the term of their employment agreement or may choose not to renew it upon expiration.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (Our customers also rely on us to deliver personalized financial services. Our strategic model is dependent upon relationship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (managers and private bankers who act as a customer) Tj ET Q q 0 0 0 rg BT 260.29 326.10 Td () Tj ET Q q 0 0 0 rg BT 263.07 326.10 Td (s single point of contact to us. ) Tj ET Q q 0 0 0 rg BT 387.59 326.10 Td (The loss of the service of these individuals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td (could undermine the confidence of our customers in our ability to provide such personalized services. ) Tj ET Q q 0 0 0 rg BT 461.64 314.10 Td (W) Tj ET Q q 0 0 0 rg BT 470.28 314.10 Td (e need to continue to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (attract and retain these individuals and to recruit other qualified individuals to ensure continued growth. In addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (competitors may recruit these individuals in light of the value of the individuals) Tj ET Q q 0 0 0 rg BT 371.41 290.10 Td ( relationships with their customers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (communities, and we may not be able to retain such relationships absent the individuals. In any case, if we are unable to attract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (and retain our relationship managers and private bankers and recruit individuals with appropriate skills and knowledge to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (support our business, our growth strategy) Tj ET Q q 0 0 0 rg BT 214.89 254.10 Td (, business, financial condition and results of operations may be adversely af) Tj ET Q q 0 0 0 rg BT 517.12 254.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (Our success also depends on the experience of our branch managers and lending of) Tj ET Q q 0 0 0 rg BT 382.20 230.10 Td (ficers and on their relationships with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (customers and communities they serve. ) Tj ET Q q 0 0 0 rg BT 212.28 218.10 Td (The loss of these key personnel could negatively impact our banking operations. ) Tj ET Q q 0 0 0 rg BT 538.68 218.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td (loss of key senior personnel, or the inability to recruit and retain qualified personnel in the future, could have a material adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 194.10 Td (fect on us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (Potential limitations on incentive compensation contained in proposed federal agency rulemaking may adversely af) Tj ET Q q 0 0 0 rg BT 523.96 170.10 Td (fect our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (ability to attract and retain our highest performing team members.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.28 134.10 Td (April 201) Tj ET Q q 0 0 0 rg BT 98.52 134.10 Td (1 and May 2016, the Federal Reserve, other federal banking agencies and the SEC jointly published proposed rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (designed to implement provisions of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 264.14 122.10 Td (Act prohibiting incentive compensation arrangements that would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (encourage inappropriate risk taking at covered financial institutions, which includes a bank or bank holding company with $1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (billion or more in assets, such as we. It cannot be determined at this time whether or when a final rule will be adopted, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (whether compliance with such a final rule will substantially af) Tj ET Q q 0 0 0 rg BT 298.91 86.10 Td (fect the manner in which we structure compensation for our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td (executives and other team members. Depending on the nature and application of the final rules, we may not be able to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (successfully compete with certain financial institutions and other companies that are not subject to some or all of the rules to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.10 Td (retain and attract executives and other high-performing team members. If this were to occur) Tj ET Q q 0 0 0 rg BT 419.17 50.10 Td (, relationships that we have ) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (established with our clients may be impaired and our business, financial condition and results of operations could be adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 730.10 Td (fected, perhaps materially) Tj ET Q q 0 0 0 rg BT 160.50 730.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 706.10 Td (e face significant competition from other financial institutions and financial services providers, which may materially and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.96 694.10 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Commercial and consumer banking is highly competitive. Our markets contain a lar) Tj ET Q q 0 0 0 rg BT 388.34 670.10 Td (ge number of community and regional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (banks as well as a significant presence of the country) Tj ET Q q 0 0 0 rg BT 265.21 658.10 Td (s lar) Tj ET Q q 0 0 0 rg BT 281.96 658.10 Td (gest commercial banks. ) Tj ET Q q 0 0 0 rg BT 380.92 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 389.56 658.10 Td (e compete with other state and national ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (financial institutions, including savings and loan associations, savings banks and credit unions, for deposits and loans. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (addition, we compete with financial intermediaries, such as consumer finance companies, mortgage banking companies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (insurance companies, securities firms, mutual funds and several government agencies, as well as major retailers, in providing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (various types of loans and other financial services. Some of these competitors may have a long history of successful operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (in our markets, greater ties to local businesses and more expansive banking relationships, as well as better established depositor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (bases. Competitors may also have greater resources and access to capital and may possess other advantages such as operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (more ) Tj ET Q q 0 0 0 rg BT 72.50 574.10 Td (A) Tj ET Q q 0 0 0 rg BT 78.61 574.10 Td (TMs and conducting extensive promotional and advertising campaigns or operating a more developed Internet platform. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Competitors may also exhibit a greater tolerance for risk and behave more aggressively with respect to pricing in order to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (increase their market share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (The financial services industry could become even more competitive as a result of legislative, regulatory and technological ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (changes and continued consolidation. Increased competition among financial services companies due to the recent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (consolidation of certain competing financial institutions may adversely af) Tj ET Q q 0 0 0 rg BT 344.18 502.10 Td (fect our ability to market our products and services. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 490.10 Td (echnological advances have lowered barriers to entry and made it possible for banks to compete in our market without a retail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (footprint by of) Tj ET Q q 0 0 0 rg BT 108.14 478.10 Td (fering competitive rates, as well as non-banks to of) Tj ET Q q 0 0 0 rg BT 312.07 478.10 Td (fer products and services traditionally provided by banks. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Our ability to compete successfully depends on a number of factors, including, among others:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 458.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 446.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 446.90 Td (the ability to develop, maintain and build upon long-term customer relationships based on high quality) Tj ET Q q 0 0 0 rg BT 515.60 446.90 Td (, personal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 434.90 Td (service, ef) Tj ET Q q 0 0 0 rg BT 146.95 434.90 Td (fective and ef) Tj ET Q q 0 0 0 rg BT 201.18 434.90 Td (ficient products and services, high ethical standards and safe and sound assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 416.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 416.90 Td (the scope, relevance and competitive pricing of products and services of) Tj ET Q q 0 0 0 rg BT 394.37 416.90 Td (fered to meet customer needs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 404.90 Td (demands;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 386.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 386.90 Td (the ability to provide customers with maximum convenience of access to services and availability of banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 374.90 Td (representatives;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 356.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 356.90 Td (the ability to attract and retain highly qualified team members to operate our business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 338.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 338.90 Td (the ability to expand our market position;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 320.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 320.90 Td (customer access to our decision makers and customer satisfaction with our level of service and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 302.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 302.90 Td (the ability to operate our business ef) Tj ET Q q 0 0 0 rg BT 250.83 302.90 Td (fectively and ef) Tj ET Q q 0 0 0 rg BT 312.84 302.90 Td (ficiently) Tj ET Q q 0 0 0 rg BT 345.51 302.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.90 Td (Failure to perform in any of these areas could significantly weaken our competitive position, which could materially and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.90 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 266.90 Td (fect us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 242.90 Td (Like other financial services institutions, our asset and liability structures are monetary in nature. Such structures are ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 230.90 Td (af) Tj ET Q q 0 0 0 rg BT 58.15 230.90 Td (fected by a variety of factors, including changes in interest rates, which can impact the value of financial instruments held ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 218.90 Td (by us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.90 Td (Like other financial services institutions, we have asset and liability structures that are essentially monetary in nature and are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.90 Td (directly af) Tj ET Q q 0 0 0 rg BT 90.63 182.90 Td (fected by many factors, including domestic and international economic and political conditions, broad trends in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.90 Td (business and finance, legislation and regulation af) Tj ET Q q 0 0 0 rg BT 249.48 170.90 Td (fecting the national and international business and financial communities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.90 Td (monetary and fiscal policies, inflation, currency values, market conditions, the availability and terms \(including cost\) of short-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.90 Td (term or long-term funding and capital, the credit capacity or perceived creditworthiness of customers and counterparties and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.90 Td (level and volatility of trading markets. Such factors can impact customers and counterparties of a financial services institution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.90 Td (and may impact the value of financial instruments held by a financial services institution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.90 Td (Our earnings and cash flows lar) Tj ET Q q 0 0 0 rg BT 176.72 98.90 Td (gely depend upon the level of our net interest income, which is the dif) Tj ET Q q 0 0 0 rg BT 456.46 98.90 Td (ference between the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.90 Td (interest income we earn on loans, investments and other interest earning assets, and the interest we pay on interest bearing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.90 Td (liabilities, such as deposits and borrowings. Because dif) Tj ET Q q 0 0 0 rg BT 275.89 74.90 Td (ferent types of assets and liabilities may react dif) Tj ET Q q 0 0 0 rg BT 471.20 74.90 Td (ferently and at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.90 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 62.90 Td (ferent times to market interest-rate changes, changes in interest rates can increase or decrease our net interest income. ) Tj ET Q q 0 0 0 rg BT 535.81 62.90 Td (When ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.90 Td (interest-bearing liabilities mature or reprice more quickly than interest-earning assets in a period, an increase in interest rates ) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (would reduce net interest income. Similarly) Tj ET Q q 0 0 0 rg BT 226.80 742.10 Td (, when interest-earning assets mature or reprice more quickly) Tj ET Q q 0 0 0 rg BT 470.78 742.10 Td (, and because the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (magnitude of repricing of interest-earning assets is often greater than interest-bearing liabilities, falling interest rates would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (reduce net interest income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 694.10 Td (, changes in the level of market interest rates af) Tj ET Q q 0 0 0 rg BT 287.96 694.10 Td (fect our net yield on interest-earning assets and liabilities, loan and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (investment securities portfolios and our overall financial results. Changes in interest rates may also have a significant impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (on any future loan origination revenues. Changes in interest rates also have a significant impact on the carrying value of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (significant percentage of the assets, both loans and investment securities, on our balance sheet. ) Tj ET Q q 0 0 0 rg BT 433.59 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 442.23 658.10 Td (e may incur debt in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (future, and that debt may also be sensitive to interest rates and any increase in interest rates could materially and adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 634.10 Td (fect us. Interest rates are highly sensitive to many factors beyond our control, including general economic conditions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (policies of various governmental and regulatory agencies, particularly the Federal Reserve. ) Tj ET Q q 0 0 0 rg BT 418.75 622.10 Td (Adverse changes in the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Reserve) Tj ET Q q 0 0 0 rg BT 84.99 610.10 Td (s interest-rate policies or other changes in monetary policies and economic conditions could materially and adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 598.10 Td (fect us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 574.10 Td (e are dependent on our information technology and telecommunications systems and third-party servicers, and systems ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (failures, interruptions or breaches of security could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 372.03 562.10 Td (fect on us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Our business is highly dependent on the successful and uninterrupted functioning of our information technology and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (telecommunications systems and third-party servicers. ) Tj ET Q q 0 0 0 rg BT 272.26 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 280.90 526.10 Td (e outsource many of our major systems, such as data processing, loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (servicing and deposit processing systems. ) Tj ET Q q 0 0 0 rg BT 221.74 514.10 Td (The failure of these systems, or the termination of a third-party software license or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (service agreement on which any of these systems is based, could interrupt our operations. Because our information technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (and telecommunications systems interface with and depend on third-party systems, we could experience service denials if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (demand for such services exceeds capacity or such third-party systems fail or experience interruptions. If significant, sustained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (or repeated, a system failure or service denial could compromise our ability to operate ef) Tj ET Q q 0 0 0 rg BT 404.40 466.10 Td (fectively) Tj ET Q q 0 0 0 rg BT 438.74 466.10 Td (, damage our reputation, result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (in a loss of customer business, and/or subject us to additional regulatory scrutiny and possible financial liability) Tj ET Q q 0 0 0 rg BT 495.65 454.10 Td (, any of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 178.92 442.10 Td (fect on us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 418.10 Td (e are currently implementing, and continue to evaluate and implement, upgrades and changes to our information technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (systems, some of which are significant. Upgrades involve replacing existing systems with successor systems, making changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (to existing systems or cost-ef) Tj ET Q q 0 0 0 rg BT 166.47 394.10 Td (fectively acquiring new systems with newfunctionality) Tj ET Q q 0 0 0 rg BT 387.43 394.10 Td (. ) Tj ET Q q 0 0 0 rg BT 394.75 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 403.39 394.10 Td (e are aware of inherent risks associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (with replacing these systems, including accurately capturing data and system disruptions, and believe we are taking appropriate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (action to mitigate the risks through testing, training, and staging implementation, as well as ensuring appropriate commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (contracts are in place with third-party vendors supplying or supporting our information technology initiatives. However) Tj ET Q q 0 0 0 rg BT 530.60 358.10 Td (, there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (can be no assurances that we will successfully launch these systems as planned or that they will be implemented without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (disruptions to our operations. Information technologysystem disruptions, if not anticipated and appropriately mitigated, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (failure to successfully implement new or upgraded systems, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 420.80 322.10 Td (fect on our results of operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Also, we may have to make a significant investment to repair or replace these systems and could suf) Tj ET Q q 0 0 0 rg BT 450.81 310.10 Td (fer loss of critical data and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (interruptions or delays in our operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (In addition, we provide our customers with the ability to bank remotely) Tj ET Q q 0 0 0 rg BT 334.84 274.10 Td (, including online, over the Internet and over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (telephone. ) Tj ET Q q 0 0 0 rg BT 96.19 262.10 Td (The secure transmission of confidential information over the Internet and other remote channels is a critical element ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (of remote banking. Our network could be vulnerable to unauthorized access, computer viruses, phishing schemes and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (security breaches. ) Tj ET Q q 0 0 0 rg BT 126.45 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 135.09 238.10 Td (e may be required to spend significant capital and other resources to protect against the threat of security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (breaches and computer viruses or to alleviate problems caused by security breaches or viruses. ) Tj ET Q q 0 0 0 rg BT 433.02 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 438.43 226.10 Td (o the extent that our activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (or the activities of our customers involve the storage and transmission of confidential information, security breaches and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (viruses could expose us to claims, regulatory scrutiny) Tj ET Q q 0 0 0 rg BT 263.75 202.10 Td (, litigation and other possible liabilities. ) Tj ET Q q 0 0 0 rg BT 426.79 202.10 Td (Any inability to prevent security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (breaches or computer viruses could also cause existing customers to lose confidence in our systems and could materially and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 178.10 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 154.10 Td (, financial products and services have become increasingly technology-driven. Our ability to meet the needs of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (customers competitively and in a cost-ef) Tj ET Q q 0 0 0 rg BT 211.71 142.10 Td (ficient manner is dependent on the ability to keep pace with technological advances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (and to invest in new technology as it becomes available. Certain competitors may have greater resources to invest in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (technology and may be better equipped to market new technology-driven products and services. ) Tj ET Q q 0 0 0 rg BT 438.86 118.10 Td (The ability to keep pace with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (technological change is important, and the failure to do so could have a material adverse impact on our business and therefore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (on our financial condition and results of operations.) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Loss of, or failure to adequately safeguard, confidential or proprietary information may adversely af) Tj ET Q q 0 0 0 rg BT 462.30 742.25 Td (fect our operations, net ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (income or reputation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 706.25 Td (e regularly collect, process, transmit and store significant amounts of confidential information regarding our customers, team ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (members and others. ) Tj ET Q q 0 0 0 rg BT 137.85 694.25 Td (This information is necessary for the conduct of our business activities, including the ongoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (maintenance of deposit, loan, investment management and other account relationships for our customers, and receiving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (instructions and af) Tj ET Q q 0 0 0 rg BT 123.69 670.25 Td (fecting transactions for those customers and other users of our products and services. In addition to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (confidential information regarding our customers, team members and others, we compile, process, transmit and store ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (proprietary) Tj ET Q q 0 0 0 rg BT 93.77 646.25 Td (, non-public information concerning our own business, operations, plans and strategies. In some cases, this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (confidential or proprietary information is collected, compiled, processed, transmitted or stored by third parties on our behalf.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Information security risks have generally increased in recent years because of the proliferation of new technologies and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (increased sophistication and activities of perpetrators of cyber) Tj ET Q q 0 0 0 rg BT 297.76 598.25 Td (-attacks. ) Tj ET Q q 0 0 0 rg BT 335.81 598.25 Td (A) Tj ET Q q 0 0 0 rg BT 342.48 598.25 Td ( failure in or breach of our operational or information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (security systems or those of our third-party service providers, as a result of cyber) Tj ET Q q 0 0 0 rg BT 373.59 586.25 Td (-attacks or information security breaches or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (due to team member error) Tj ET Q q 0 0 0 rg BT 153.44 574.25 Td (, malfeasance or other disruptions could adversely af) Tj ET Q q 0 0 0 rg BT 364.30 574.25 Td (fect our business, result in the disclosure or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (misuse of confidential or proprietary information, damage our reputation, increase our costs and/or cause losses. ) Tj ET Q q 0 0 0 rg BT 503.48 562.25 Td (As a result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (cyber security and the continued development and enhancement of the controls and processes designed to protect our systems, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (computers, software, data and networks from attack, damage or unauthorized access remain a priority for us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (If this confidential or proprietary information were to be mishandled, misused or lost, we could be exposed to significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (regulatory consequences, reputational damage, civil litigation and financial loss. Mishandling, misuse or loss of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (confidential or proprietary information could occur) Tj ET Q q 0 0 0 rg BT 254.25 490.25 Td (, for example, if the confidential or proprietary information were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (erroneously provided to parties who were not permitted to have the information, either by fault of the systems or our team ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (members, or the systems or employees of third parties which have collected, compiled, processed, transmitted or stored the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (information on our behalf, where the information is intercepted or otherwise inappropriately taken by third parties or where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (there is a failure or breach of the network, communications or information systems which are used to collect, compile, process, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (transmit or store the information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (Although we employ a variety of physical, procedural and technological safeguards to protect this confidential and proprietary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (information from mishandling, misuse or loss, these safeguards do not provide absolute assurance that mishandling, misuse or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (loss of the information will not occur) Tj ET Q q 0 0 0 rg BT 198.46 382.25 Td (, or that if mishandling, misuse or loss of the information did occur) Tj ET Q q 0 0 0 rg BT 466.35 382.25 Td (, those events would be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (promptly detected and addressed. ) Tj ET Q q 0 0 0 rg BT 188.29 370.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 238.19 370.25 Td (, as information security risks and cyber threats continue to evolve, we may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (required to expend additional resources to continue to enhance our information security measures and/or to investigate and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (remediate any information security vulnerabilities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (Our directors and executive of) Tj ET Q q 0 0 0 rg BT 174.80 322.25 Td (ficers can influence the outcome of shareholder votes and, in some cases, shareholders may ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (not have the opportunity to evaluate and af) Tj ET Q q 0 0 0 rg BT 226.77 310.25 Td (fect the investment decision regarding potential investment, acquisition or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (disposition transactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 274.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 274.25 Td (, our directors and executive of) Tj ET Q q 0 0 0 rg BT 277.24 274.25 Td (ficers, as a group, owned a total of 2,387,023 shares of common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (and exercisable options to purchase up to an additional 12,834 shares of common stock, which potentially gives them, as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (group, the ability to control approximately 7.64) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.96 250.25 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.96 250.25 Td ( of the outstanding common stock. In addition, a director of Customers Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (who is not a director of Customers Bancorp owns an additional 18,447 shares of common stock, which if combined with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (directors and of) Tj ET Q q 0 0 0 rg BT 112.57 226.25 Td (ficers of Customers Bancorp, potentially gives them, as a group, the ability to control approximately 7.70% of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (the outstanding common stock. ) Tj ET Q q 0 0 0 rg BT 179.80 214.25 Td (W) Tj ET Q q 0 0 0 rg BT 188.44 214.25 Td (e believe ownership of stock causes directors and of) Tj ET Q q 0 0 0 rg BT 396.52 214.25 Td (ficers to have the same interests as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (shareholders, but it also gives them the ability to vote as shareholders for matters that are in their personal interest, which may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (be contrary to the wishes of other shareholders. Shareholders will not necessarily be provided with an opportunity to evaluate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (the specific merits or risks of one or more potential investment, acquisition or disposition transactions. ) Tj ET Q q 0 0 0 rg BT 464.37 178.25 Td (Any decision regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (a potential investment or acquisition transaction will be made by our board of directors. Except in limited circumstances as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (required by applicable law) Tj ET Q q 0 0 0 rg BT 155.69 154.25 Td (, consummation of an acquisition will not require the approval of holders of common stock. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (addition, under certain circumstances, consummation of a disposition transaction, including the planned spin-of) Tj ET Q q 0 0 0 rg BT 496.10 142.25 Td (f of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (BankMobile and mer) Tj ET Q q 0 0 0 rg BT 134.80 130.25 Td (ger with Flagship, will not require the approval of holders of common stock. ) Tj ET Q q 0 0 0 rg BT 445.30 130.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 494.63 130.25 Td (, shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (may not have an opportunity to evaluate and af) Tj ET Q q 0 0 0 rg BT 238.09 118.25 Td (fect the board of directors' decision regarding most potential investment or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (acquisition transactions and/or certain disposition transactions.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (In ) Tj ET Q q 0 0 0 rg BT 61.70 742.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 109.51 742.25 Td (with ) Tj ET Q q 0 0 0 rg BT 129.55 742.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.58 742.25 Td (Disbursement ) Tj ET Q q 0 0 0 rg BT 204.06 742.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 243.82 742.25 Td (we ) Tj ET Q q 0 0 0 rg BT 257.18 742.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 288.87 742.25 Td (on ) Tj ET Q q 0 0 0 rg BT 301.68 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 318.38 742.25 Td (relationship ) Tj ET Q q 0 0 0 rg BT 370.09 742.25 Td (with ) Tj ET Q q 0 0 0 rg BT 390.13 742.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 419.61 742.25 Td (education ) Tj ET Q q 0 0 0 rg BT 462.42 742.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 510.81 742.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 531.12 742.25 Td (in ) Tj ET Q q 0 0 0 rg BT 541.71 742.25 Td (turn, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (student ) Tj ET Q q 0 0 0 rg BT 82.51 730.25 Td (usage ) Tj ET Q q 0 0 0 rg BT 108.90 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.73 730.25 Td (our ) Tj ET Q q 0 0 0 rg BT 136.68 730.25 Td (products ) Tj ET Q q 0 0 0 rg BT 174.75 730.25 Td (and ) Tj ET Q q 0 0 0 rg BT 192.81 730.25 Td (services ) Tj ET Q q 0 0 0 rg BT 227.51 730.25 Td (for ) Tj ET Q q 0 0 0 rg BT 242.24 730.25 Td (future ) Tj ET Q q 0 0 0 rg BT 270.30 730.25 Td (growth ) Tj ET Q q 0 0 0 rg BT 301.70 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 312.53 730.25 Td (our ) Tj ET Q q 0 0 0 rg BT 329.48 730.25 Td (BankMobile ) Tj ET Q q 0 0 0 rg BT 383.10 730.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (The future growth of our BankMobile business depends, in part, on our ability to enter into agreements with higher education ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (institutions. Our contracts with these clients can generally be terminated at will and, therefore, there can be no assurance that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (we will be able to maintain these clients. ) Tj ET Q q 0 0 0 rg BT 217.55 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 226.19 682.25 Td (e may also be unable to maintain our agreements with these clients on terms and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (conditions acceptable to us. In addition, we may not be able to continue to establish new relationships with higher education ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (institution clients. ) Tj ET Q q 0 0 0 rg BT 126.48 658.25 Td (The termination of our current client contracts or our inability to continue to attract new clients could have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (material adverse ef) Tj ET Q q 0 0 0 rg BT 125.88 646.25 Td (fect on our business, financial condition and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (Establishing new client relationships and maintaining current ones are also essential components of our strategy for attracting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (new student customers, deepening the relationships we have with existing customers and maximizing customer usage of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (products and services. ) Tj ET Q q 0 0 0 rg BT 143.03 598.25 Td (A) Tj ET Q q 0 0 0 rg BT 149.70 598.25 Td ( reduction in enrollment, a failure to attract and maintain student customers, as well as any future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (demographic or other trends that reduce the number of higher education students could materially and adversely af) Tj ET Q q 0 0 0 rg BT 508.54 586.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (BankMobile's capability for both revenue and cash generation and, as a result, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 493.95 574.25 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (business, financial condition and results of operations. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (BankMobile's Disbursement business depends on the current government financial aid regime that relies on the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (outsourcing of financial aid disbursements through higher education institutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (In general, the U.S. Federal Government distributes financial aid to students through higher education institutions as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (intermediaries. BankMobile's Disbursement business provides our higher education institution clients an electronic system for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (improving the administrative ef) Tj ET Q q 0 0 0 rg BT 176.18 478.25 Td (ficiency of this refund disbursement process. If the government, through legislation or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (regulatory action, restructures the existing financial aid regime in such a way that reduces or eliminates the intermediary role ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (played by financial institutions serving higher education institutions or limits or regulates the role played by service providers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (such as we, our business, results of operations and BankMobile's prospects for future growth could be materially and adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 430.25 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.12 406.25 Td ( change in the availability of financial aid, as well as U.S. budget constraints, could materially and adversely af) Tj ET Q q 0 0 0 rg BT 513.16 406.25 Td (fect our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (financial performance by reducing demand for BankMobile's services.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (The higher education industry depends heavily upon the ability of students to obtain financial aid. ) Tj ET Q q 0 0 0 rg BT 445.74 370.25 Td (As part of our contracts with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (our higher education institution clients that use BankMobile's Disbursement business services, students) Tj ET Q q 0 0 0 rg BT 465.44 358.25 Td ( financial aid and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (refunds are sent to us for disbursement. ) Tj ET Q q 0 0 0 rg BT 212.28 346.25 Td (The fees that we char) Tj ET Q q 0 0 0 rg BT 297.61 346.25 Td (ge most of our Disbursement business higher education ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (institution clients are based on the number of financial aid disbursements that we make to students. In addition, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (relationships with Disbursement business higher education institution clients provide us with a market for BankMobile. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (Consequently) Tj ET Q q 0 0 0 rg BT 104.35 310.25 Td (, a change in the availability or amount of financial aid that restricts client use of our Disbursement business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (service or otherwise limits our ability to attract new higher education institution clients could materially and adversely af) Tj ET Q q 0 0 0 rg BT 533.29 298.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (our financial performance. ) Tj ET Q q 0 0 0 rg BT 160.78 286.25 Td (Also, decreases in the amount of financial aid disbursements from higher education institutions to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (students could materially and adversely af) Tj ET Q q 0 0 0 rg BT 218.37 274.25 Td (fect our financial performance. Future legislative and executive-branch ef) Tj ET Q q 0 0 0 rg BT 515.27 274.25 Td (forts to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (reduce the U.S. federal budget deficit or worsening economic conditions may require the government to severely curtail its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (financial aid spending, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 303.34 250.25 Td (fect our business, financial condition and results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Providing disbursement services to higher education institutions is an uncertain business; if the market for BankMobile's ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (products does not continue to develop, we will not be able to grow this portion of our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (The success of BankMobile's Disbursement business will depend, in part, on our ability to generate revenues by providing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (financial transaction services to higher education institutions and their students. ) Tj ET Q q 0 0 0 rg BT 373.07 178.25 Td (The market for these services has evolved, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (the long-term viability and profitability of this market is unproven. Our business will be materially and adversely af) Tj ET Q q 0 0 0 rg BT 514.99 166.25 Td (fected if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (we do not develop and market products and services that achieve and maintain market acceptance. Outsourcing disbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (services may not become as widespread in the higher education industry as we anticipate, and our products and services may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (not achieve continued commercial success. ) Tj ET Q q 0 0 0 rg BT 226.88 130.25 Td (Also, the Department of Education has proposed issuing prepaid cards directly to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (students, which may have the ef) Tj ET Q q 0 0 0 rg BT 178.12 118.25 Td (fect of reducing the need for outsourcing disbursement services or the volume of activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (processed by the disbursement services. In addition, higher education institution clients could discontinue using our services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (and return to in-house disbursement solutions. If the outsourcing of disbursement services does not become as widespread as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (we anticipate, if higher education institution clients return to their prior methods of disbursement, or if prepaid card services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (displace the current disbursement process, our growth prospects, business, financial condition and results of operations could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.05 Td (be materially and adversely af) Tj ET Q q 0 0 0 rg BT 170.32 57.05 Td (fected.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 197.24 57.05 Td ( ) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.98 742.25 Td (business ) Tj ET Q q 0 0 0 rg BT 106.30 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.17 742.25 Td (future ) Tj ET Q q 0 0 0 rg BT 152.04 742.25 Td (success ) Tj ET Q q 0 0 0 rg BT 184.90 742.25 Td (may ) Tj ET Q q 0 0 0 rg BT 204.42 742.25 Td (suf) Tj ET Q q 0 0 0 rg BT 217.03 742.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 230.99 742.25 Td (if ) Tj ET Q q 0 0 0 rg BT 239.41 742.25 Td (we ) Tj ET Q q 0 0 0 rg BT 252.82 742.25 Td (are ) Tj ET Q q 0 0 0 rg BT 268.46 742.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 299.11 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.19 742.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 360.94 742.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 406.58 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 423.34 742.25 Td (strategy ) Tj ET Q q 0 0 0 rg BT 457.86 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.95 742.25 Td (convert ) Tj ET Q q 0 0 0 rg BT 500.80 742.25 Td (student ) Tj ET Q q 0 0 0 rg BT 533.12 742.25 Td (deposit ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 94.17 730.25 Td (to ) Tj ET Q q 0 0 0 rg BT 104.45 730.25 Td (lifetime ) Tj ET Q q 0 0 0 rg BT 138.05 730.25 Td (BankMobile ) Tj ET Q q 0 0 0 rg BT 191.67 730.25 Td (customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 706.25 Td ( significant component of our growth strategy is dependent on our ability to have students of our higher education institution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (clients select BankMobile during the refund disbursement selection process and to convert those student BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (customers, along with the existing student customers we acquired through the Disbursement business acquisition, into lifetime ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (customers with BankMobile as their primary banking relationship. In particular) Tj ET Q q 0 0 0 rg BT 369.80 670.25 Td (, our growth strategy depends on our ability to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (successfully cross-sell our core banking products and services to these student customers after they graduate from college. ) Tj ET Q q 0 0 0 rg BT 543.83 658.25 Td (W) Tj ET Q q 0 0 0 rg BT 552.47 658.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (may not be successful in implementing this strategy because these student customers and potential student customers may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (believe our products and services are unnecessary or unattractive. Our failure to sell our products and services to students after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (they graduate and to attract new student customers could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 383.85 622.25 Td (fect on our prospects, business, financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (condition and results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (Breaches of security measures, unauthorized access to or disclosure of data relating to our higher education institution ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (clients or BankMobile and student BankMobile account holders,computer viruses or unauthorized software \("malware"\), ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (fraudulent activity and infrastructure failures could materially and adversely af) Tj ET Q q 0 0 0 rg BT 377.32 562.25 Td (fect our reputation or harm our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (Companies that process and transmit cardholder information have been specifically and increasingly tar) Tj ET Q q 0 0 0 rg BT 464.68 538.25 Td (geted by sophisticated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (criminal or) Tj ET Q q 0 0 0 rg BT 93.97 526.25 Td (ganizations in an ef) Tj ET Q q 0 0 0 rg BT 171.82 526.25 Td (fort to obtain the information and utilize it for fraudulent transactions. ) Tj ET Q q 0 0 0 rg BT 456.28 526.25 Td (The encryption software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (and the other technologies we use to provide security for storage, processing and transmission of confidential customer and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (other information may not be ef) Tj ET Q q 0 0 0 rg BT 177.28 502.25 Td (fective to protect against data-security breaches. ) Tj ET Q q 0 0 0 rg BT 374.79 502.25 Td (The risk of unauthorized circumvention of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (security measures has been heightened by advances in computer capabilities and the increasing sophistication of hackers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (Unauthorized access to our computer systems or those of our third-party service providers, could result in the theft or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (publication of the information or the deletion or modification of sensitive records, and could cause interruptions in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (operations. ) Tj ET Q q 0 0 0 rg BT 98.60 442.25 Td (Any inability to prevent security breaches could damage our relationships with our higher education institution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (customers, cause a decrease in transactions by individual cardholders, expose us to liability for unauthorized purchases and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (subject us to network fines. ) Tj ET Q q 0 0 0 rg BT 164.52 418.25 Td (These claims also could result in protracted and costly litigation. If unsuccessful in defending that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (litigation, we might be forced to pay damages and/or change our business practices. Further) Tj ET Q q 0 0 0 rg BT 418.94 406.25 Td (, a significant data-security breach ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (could lead to additional regulation, which could impose new and costly compliance obligations. ) Tj ET Q q 0 0 0 rg BT 437.69 394.25 Td (Any material increase in our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (costs resulting from litigation or additional regulatory burdens being imposed upon us or litigation could have a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 90.63 370.25 Td (fect on our operating revenues and profitability) Tj ET Q q 0 0 0 rg BT 278.80 370.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (In addition, our higher education institution clients and student BankMobile account holders disclose to us certain personally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (identifiable information, including student contact information, identification numbers and the amount of credit balances, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (which they expect we will maintain in confidence. It is possible that hackers, customers or team members acting unlawfully or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (contrary to our policies or other individuals, could improperly access our or our vendors) Tj ET Q q 0 0 0 rg BT 405.27 310.25 Td ( systems and obtain or disclose data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (about our customers. Further) Tj ET Q q 0 0 0 rg BT 167.63 298.25 Td (, because customer data may also be collected, stored or processed by third-party vendors, it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (possible that these vendors could intentionally) Tj ET Q q 0 0 0 rg BT 234.59 286.25 Td (, negligently or otherwise disclose data about our clients or customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 262.25 Td (e rely to a lar) Tj ET Q q 0 0 0 rg BT 111.21 262.25 Td (ge extent upon sophisticated information technology systems, databases and infrastructure, and take reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (steps to protect them. However) Tj ET Q q 0 0 0 rg BT 176.79 250.25 Td (, due to their size, complexity) Tj ET Q q 0 0 0 rg BT 294.72 250.25 Td (, content and integration with or reliance on third-party systems, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (they are vulnerable to breakdown, malicious intrusion, natural disaster and random attack, all of which pose a risk of exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (of sensitive data to unauthorized persons or to the public.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 202.25 Td ( cybersecurity breach of our information systems could lead to fraudulent activity such as identity theft, losses on the part of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (our banking customers, additional security costs, negative publicity and damage to our reputation and brand. In addition, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (customers could be subject to scams that may result in the release of suf) Tj ET Q q 0 0 0 rg BT 337.79 178.25 Td (ficient information concerning themselves or their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (accounts to allow others unauthorized access to their accounts or our systems \(e.g., phishing and smishing\). Claims for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (compensatory or other damages may be brought against us as a result of a breach of our systems or fraudulent activity) Tj ET Q q 0 0 0 rg BT 521.43 154.25 Td (. If we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (are unsuccessful in defending against any resulting claims against us, we may be forced to pay damages, which could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (materially and adversely af) Tj ET Q q 0 0 0 rg BT 158.38 130.25 Td (fect our financial condition and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (Because the techniques used to obtain unauthorized access, disable or degrade service or sabotage systems change frequently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (and often are not recognized until launched against a tar) Tj ET Q q 0 0 0 rg BT 273.89 94.25 Td (get, we may be unable to anticipate these techniques or to implement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (adequate preventative measures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (Further) Tj ET Q q 0 0 0 rg BT 79.04 58.25 Td (, computer viruses or malware could infiltrate our systems, thus disrupting our delivery of services and making our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (applications unavailable. ) Tj ET Q q 0 0 0 rg BT 153.86 46.25 Td (Although we utilize several preventative and detective security controls in our network, they may be ) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (inef) Tj ET Q q 0 0 0 rg BT 65.37 742.10 Td (fective in preventing computer viruses or malware that could damage our relationships with our merchant customers, cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (a decrease in transactions by individual cardholders, or cause us to be in non-compliance with applicable network rules and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (In addition, a significant incident of fraud or an increase in fraud levels generally involving our products could result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (reputational damage to us, which could reduce the use of our products and services. Such incidents could also lead to a lar) Tj ET Q q 0 0 0 rg BT 540.78 682.10 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (financial loss as a result of the protection for unauthorized purchases we provide to BankMobile customers given that we may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (be liable for any uncollectible account holder overdrafts and any other losses due to fraud or theft. Such incidents of fraud ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (could also lead to regulatory intervention, which could increase our compliance costs. Compliance with the various complex ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (laws and regulations is costly and time consuming, and failure to comply could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 473.58 634.10 Td (fect on our business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 622.10 Td (, increased regulatory requirements on our services may increase our costs, which could materially and adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 610.10 Td (fect our business, financial condition and results of operations. ) Tj ET Q q 0 0 0 rg BT 312.53 610.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 361.87 610.10 Td (, account data breaches and related fraudulent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (activity could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 211.41 598.10 Td (fect on our future growth prospects, business, financial condition and results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 562.10 Td ( disruption to our systems or infrastructure could damage our reputation, expose us to legal liability) Tj ET Q q 0 0 0 rg BT 453.71 562.10 Td (, cause us to lose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (customers and revenue, result in the unintentional disclosure of confidential information or require us to expend significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 538.10 Td (forts and resources or incur significant expense to eliminate these problems and address related data and security concerns. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (The harm to our business could be even greater if such an event occurs during a period of disproportionately heavy demand for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (our products or services or traf) Tj ET Q q 0 0 0 rg BT 172.83 514.10 Td (fic on our systems or networks.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Prior to our acquisition of the Disbursement business,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.82 490.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 275.32 490.10 Td (the Federal Reserve Board and FDIC took regulatory enforcement ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (action against Higher One, which subjected us to regulatory inquiry and potential regulatory enforcement action, which ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (may result in liabilities adversely af) Tj ET Q q 0 0 0 rg BT 195.64 466.10 Td (fecting our business, financial conditions and/or results of operations or in reputational ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (harm.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 74.17 430.10 Td (August 2013 until the acquisition of the Disbursement business, we provided deposit accounts and services to college ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (students through Higher One, which had relationships with colleges and universities in the United States, using Higher One) Tj ET Q q 0 0 0 rg BT 546.86 418.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (technological services. Because Higher One was not a bank, it had to partner with one or more banks to provide the deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (accounts and services to students. Higher One and one of Higher One) Tj ET Q q 0 0 0 rg BT 333.53 394.10 Td (s former bank partners \(the predecessor bank\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (announced in May 2014 that the Federal Reserve Board notified them that certain disclosures and operating processes of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (entities may have violated certain laws and regulations and may result in penalties and restitution. In May 2014, the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Reserve also informed us, as one of Higher One) Tj ET Q q 0 0 0 rg BT 244.67 358.10 Td (s bank partners, that it was recommending a regulatory enforcement action be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (initiated against us based on the same allegations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (In July 2014, the predecessor bank referenced above, which no longer is a partner with Higher One, entered into a consent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (order to cease and desist with the Federal Reserve Board pursuant to which it agreed to pay a total of $3.5 million in civil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (money penalties and an additional amount that it may be required to pay in restitution to students in the event Higher One is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (unable to pay the restitution obligations, if any) Tj ET Q q 0 0 0 rg BT 235.98 286.10 Td (, imposed on Higher One \(back-up restitution\). ) Tj ET Q q 0 0 0 rg BT 434.91 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 443.55 286.10 Td (e believe that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (circumstances of its relationship with Higher One and the student customers are dif) Tj ET Q q 0 0 0 rg BT 383.06 274.10 Td (ferent than the relationship between the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (predecessor bank and Higher One and the student customers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (In December 2015, Higher One entered into consent orders with both the Federal Reserve Board and the FDIC. Under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (consent order with the Federal Reserve Board, Higher One agreed to pay $2.2 million in civil money penalties and $24 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (in restitution to students. Under the consent order with the FDIC, Higher One agreed to pay an additional $2.2 million in civil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (money penalties and $31 million in restitution to students. In addition, a third partner bank, which is regulated by the FDIC, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (also entered into a consent order to cease and desist with the FDIC pursuant to which it agreed to pay $1.8 million in civil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (money penalties and an additional amount in restitution to students in the event Higher One is unable to meet its restitution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (obligation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 142.10 Td (e believe that we identified key critical alleged compliance deficiencies within 30 days of first accepting deposits through our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (relationship with Higher One and caused such deficiencies to be remediated within approximately 120 days. In addition, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (understand that the total amount of fees that Higher One collected from students who opened accounts with us during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (relevant time period is substantially less than the total fees that Higher One collected from students who opened deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (accounts at the other partner banks during the relevant time period. In addition, as Higher One paid the restitution and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (deposited such monies to pay the required restitution, we did not expect that backup restitution would be required.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (Nonetheless, as previously disclosed, we had been in discussions with the Federal Reserve Board regarding these matters from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (2013 and in an ef) Tj ET Q q 0 0 0 rg BT 119.24 46.10 Td (fort to move forward, on December 6, 2016, we agreed to the issuance by the Federal Reserve Board of a ) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (combined Order to Cease and Desist and Order of ) Tj ET Q q 0 0 0 rg BT 251.88 742.10 Td (Assessment of a Civil Money Penalty Issued Upon Consent Pursuant to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Federal Deposit Insurance ) Tj ET Q q 0 0 0 rg BT 156.91 730.10 Td (Act, as amended \(the "Order"\) and agreed to a penalty of $960 thousand. ) Tj ET Q q 0 0 0 rg BT 453.13 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 461.76 730.10 Td (e had previously set ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (aside a reserve for the civil money penalty and made payment in 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 694.10 Td (e remain subject to the jurisdiction and examination of the Federal Reserve Board, and further action could be taken to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (extent we do not comply with the terms of the Order or if the Federal Reserve Board were to identify additional violations of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (applicable laws and regulations. ) Tj ET Q q 0 0 0 rg BT 182.74 670.10 Td (Any further action could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 388.02 670.10 Td (fect on our business, financial conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (and/or results of operations or our reputation. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.19 622.10 Td (ermination ) Tj ET Q q 0 0 0 rg BT 103.94 622.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 117.96 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 130.04 622.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 167.12 622.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 180.59 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.55 622.10 Td (MasterCard ) Tj ET Q q 0 0 0 rg BT 249.19 622.10 Td (association ) Tj ET Q q 0 0 0 rg BT 298.50 622.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 349.47 622.10 Td (could ) Tj ET Q q 0 0 0 rg BT 375.44 622.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 420.29 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.04 622.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 480.54 622.10 Td (af) Tj ET Q q 0 0 0 rg BT 488.69 622.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 506.86 622.10 Td (our ) Tj ET Q q 0 0 0 rg BT 524.50 622.10 Td (business, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 89.73 610.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 131.12 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.18 610.10 Td (results ) Tj ET Q q 0 0 0 rg BT 178.92 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.75 610.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (The student checking account debit cards issued in connection with the Disbursement business are subject to MasterCard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (association rules that could subject us to a variety of fines or penalties that may be levied by MasterCard for acts or omissions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (by us or businesses that work with us. ) Tj ET Q q 0 0 0 rg BT 206.48 562.10 Td (The termination of the card association registration held by us or any changes in card ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (association or other network rules or standards, including interpretation and implementation of existing rules or standards, that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (increase the cost of doing business or limit our ability to provide our products and services could materially and adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 526.10 Td (fect our business, financial condition and results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Our business and future success may suf) Tj ET Q q 0 0 0 rg BT 218.18 502.10 Td (fer if we are unable to continue to successfully implement our strategy for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (BankMobile. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 75.63 466.10 Td (fective use of technology can increase ef) Tj ET Q q 0 0 0 rg BT 238.15 466.10 Td (ficiency and enable financial institutions to better serve customers and to reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (costs. However) Tj ET Q q 0 0 0 rg BT 113.75 454.10 Td (, some new technologies, including BankMobile, are not fully tested, and we may incur substantial expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (and devote significant management time and resources in order for BankMobile to compete ef) Tj ET Q q 0 0 0 rg BT 426.64 442.10 Td (fectively) Tj ET Q q 0 0 0 rg BT 460.97 442.10 Td (. Revenue generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (from BankMobile) Tj ET Q q 0 0 0 rg BT 124.71 430.10 Td (s no-fee or very-low-fee banking strategy may not perform as well as we expect or enhance the value of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (business as a whole, and it could materially and adversely af) Tj ET Q q 0 0 0 rg BT 291.69 418.10 Td (fect our financial condition and results of operations. ) Tj ET Q q 0 0 0 rg BT 507.74 418.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 557.64 418.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (if the benefits of BankMobile do not meet the expectations of financial or industry analysts, the market price of our common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (stock may decline. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 370.10 Td (e intend to engage in acquisitions of other businesses from time to time. These acquisitions may not produce revenue or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (earnings enhancements or cost savings at levels, or within time frames, originally anticipated and may result in unforeseen ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (integration dif) Tj ET Q q 0 0 0 rg BT 108.99 346.10 Td (ficulties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 322.10 Td (e regularly evaluate opportunities to strengthen our current market position by acquiring and investing in banks and in other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (complementary businesses, or opening new branches, and when appropriate opportunities arise, subject to regulatory approval, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (we plan to engage in acquisitions of other businesses and in opening new branches. Such transactions could, individually or in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (the aggregate, have a material ef) Tj ET Q q 0 0 0 rg BT 179.74 286.10 Td (fect on our operating results and financial condition, including short and long-term liquidity) Tj ET Q q 0 0 0 rg BT 546.51 286.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Our acquisition activities could be material to our business. For example, we could issue additional shares of ) Tj ET Q q 0 0 0 rg BT 489.72 274.10 Td (V) Tj ET Q q 0 0 0 rg BT 495.65 274.10 Td (oting Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Stock in a purchase transaction, which could dilute current shareholders) Tj ET Q q 0 0 0 rg BT 340.27 262.10 Td ( value or ownership interest. ) Tj ET Q q 0 0 0 rg BT 458.67 262.10 Td (These activities could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (require us to use a substantial amount of cash or other liquid assets and/or incur debt. In addition, if goodwill recorded in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (connection with acquisitions were determined to be impaired, then we would be required to recognize a char) Tj ET Q q 0 0 0 rg BT 483.83 238.10 Td (ge against our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (earnings, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 248.91 226.10 Td (fect our results of operations during the period in which the impairment was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (recognized. Our acquisition activities could involve a number of additional risks, including the risks of:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 206.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 194.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 194.90 Td (incurring time and expense associated with identifying and evaluating potential acquisitions and negotiating the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 182.90 Td (terms of potential transactions, resulting in our attention being diverted from the operation of our existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 170.90 Td (business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 152.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 152.90 Td (using inaccurate estimates and judgments to evaluate credit, operations, management and market risks with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 140.90 Td (respect to the tar) Tj ET Q q 0 0 0 rg BT 172.23 140.90 Td (get institution or assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 122.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 122.90 Td (being potentially exposed to unknown or contingent liabilities of banks and businesses we acquire;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 104.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 104.90 Td (being required to expend time and expense to integrate the operations and personnel of the combined businesses;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 86.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 86.90 Td (experiencing higher operating expenses relative to operating income from the new operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 68.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 68.90 Td (creating an adverse short-term ef) Tj ET Q q 0 0 0 rg BT 237.47 68.90 Td (fect on our results of operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 50.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 50.90 Td (losing key team members and customers as a result of an acquisition that is poorly received and) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 742.10 Td (incurring significant problems relating to the conversion of the financial and customer data of the entity being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 730.10 Td (acquired into our financial and customer product systems.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 706.10 Td (, in evaluating potential acquisition opportunities, we may seek to acquire failed banks through FDIC-assisted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 105.09 694.10 Td (While the FDIC may) Tj ET Q q 0 0 0 rg BT 188.59 694.10 Td (, in such acquisitions, provide assistance to mitigate certain risks, such as sharing in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (exposure to loan losses and providing indemnification against certain liabilities, of the failed institution, we may not be able to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (accurately estimate our potential exposure to loan losses and other potential liabilities, or the dif) Tj ET Q q 0 0 0 rg BT 433.87 670.10 Td (ficulty of integration, in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (acquiring such institutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Depending on the condition of any institutions or assets that are acquired, any acquisition may) Tj ET Q q 0 0 0 rg BT 426.76 634.10 Td (, at least in the near term, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (materially adversely af) Tj ET Q q 0 0 0 rg BT 141.44 622.10 Td (fect our capital and earnings and, if not successfully integrated following the acquisition, may continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (to have such ef) Tj ET Q q 0 0 0 rg BT 110.07 610.10 Td (fects. ) Tj ET Q q 0 0 0 rg BT 136.27 610.10 Td (W) Tj ET Q q 0 0 0 rg BT 144.91 610.10 Td (e cannot assure you that we will be successful in overcoming these risks or any other problems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (encountered in connection with pending or potential acquisitions. Our inability to overcome these risks could have an adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 586.10 Td (fect on levels of reported net income, return on equity and return on assets and the ability to achieve our business strategy and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (maintain market value.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Our acquisitions generally will require regulatory approvals, and failure to obtain them would restrict our growth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 526.10 Td (e intend to complement and expand our business by pursuing strategic acquisitions of community banking franchises and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (other businesses. Generally) Tj ET Q q 0 0 0 rg BT 161.54 514.10 Td (, any acquisition of tar) Tj ET Q q 0 0 0 rg BT 251.06 514.10 Td (get financial institutions, banking centers or other banking assets by us may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (require approval by) Tj ET Q q 0 0 0 rg BT 127.65 502.10 Td (, and cooperation from, a number of governmental regulatory agencies, possibly including the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Reserve, the OCC and the FDIC, as well as state banking regulators. In acting on applications, federal banking regulators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (consider) Tj ET Q q 0 0 0 rg BT 83.48 478.10 Td (, among other factors:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 470.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 458.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 458.90 Td (the ef) Tj ET Q q 0 0 0 rg BT 128.35 458.90 Td (fect of the acquisition on competition;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 440.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 440.90 Td (the financial condition, liquidity) Tj ET Q q 0 0 0 rg BT 234.26 440.90 Td (, results of operations, capital levels and future prospects of the applicant and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 428.90 Td (bank\(s\) involved;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 410.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 410.90 Td (the quantity and complexity of previously consummated acquisitions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 392.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 392.90 Td (the managerial resources of the applicant and the bank\(s\) involved;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 374.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 374.90 Td (the convenience and needs of the community) Tj ET Q q 0 0 0 rg BT 285.89 374.90 Td (, including the record of performance under the Community ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 362.90 Td (Reinvestment ) Tj ET Q q 0 0 0 rg BT 162.99 362.90 Td (Act;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 344.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 344.90 Td (the ef) Tj ET Q q 0 0 0 rg BT 128.35 344.90 Td (fectiveness of the applicant in combating money laundering activities and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 326.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 326.90 Td (the extent to which the acquisition would result in greater or more concentrated risks to the stability of the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 314.90 Td (States banking or financial system.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.90 Td (Such regulators could deny our application based on the above criteria or other considerations, which could restrict our growth, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.90 Td (or the regulatory approvals may not be granted on terms that are acceptable to us. For example, we could be required to sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.90 Td (banking centers as a condition to receiving regulatory approvals, and such a condition may not be acceptable to us or may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.90 Td (reduce the benefit of any acquisition.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 230.90 Td (The success of future transactions will depend on our ability to successfully identify and consummate acquisitions of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 218.90 Td (banking franchises that meet our investment objectives. Because of the intense competition for acquisition opportunities ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 206.90 Td (and the limited number of potential targets, we may not be able to successfully consummate acquisitions on attractive terms, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 194.90 Td (or at all, that are necessary to grow our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.90 Td (Our acquisition history should be viewed in the context of the recent opportunities available to us as a result of the confluence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.90 Td (of our access to capital at a time when market dislocations of historical proportions resulted in attractive asset acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.90 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 109.72 146.90 Td (As conditions change, we may prove to be unable to execute our acquisition strategy) Tj ET Q q 0 0 0 rg BT 447.86 146.90 Td (, which could materially and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.90 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 134.90 Td (fect us. ) Tj ET Q q 0 0 0 rg BT 132.10 134.90 Td (The success of future transactions will depend on our ability to successfully identify and consummate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.90 Td (transactions with tar) Tj ET Q q 0 0 0 rg BT 130.91 122.90 Td (get banking franchises that meet our investment objectives. ) Tj ET Q q 0 0 0 rg BT 372.88 122.90 Td (There are significant risks associated with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.90 Td (ability to identify and successfully consummate these acquisitions. ) Tj ET Q q 0 0 0 rg BT 321.43 110.90 Td (There are a limited number of acquisition opportunities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.90 Td (and we expect to encounter intense competition from other banking or) Tj ET Q q 0 0 0 rg BT 330.84 98.90 Td (ganizations competing for acquisitions and also from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.90 Td (other investment funds and entities looking to acquire financial institutions. Many of these entities are well established and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.90 Td (have extensive experience in identifying and consummating acquisitions directly or through af) Tj ET Q q 0 0 0 rg BT 427.76 74.90 Td (filiates. Many of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.90 Td (competitors possess ongoing banking operations with greater financial, technical, human and other resources and access to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.90 Td (capital than we do, which could limit the acquisition opportunities we pursue. Our competitors may be able to achieve greater ) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (cost savings, through consolidating operations or otherwise, than we could. ) Tj ET Q q 0 0 0 rg BT 355.87 742.10 Td (These competitive limitations give others an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (advantage in pursuing certain acquisitions. In addition, increased competition may drive up the prices for the acquisitions we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (pursue and make the other acquisition terms more onerous, which would make the identification and successful consummation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (of those acquisitions less attractive to us. Competitors may be willing to pay more for acquisitions than we believe is justified, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (which could result in our having to pay more for them than we prefer or to forego the opportunity) Tj ET Q q 0 0 0 rg BT 439.80 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 446.75 694.10 Td (As a result of the foregoing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (we may be unable to successfully identify and consummate acquisitions on attractive terms, or at all, that are necessary to grow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 646.10 Td (e will generally establish the pricing of transactions and the capital structure of banking franchises to be acquired by us on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (the basis of financial projections for such banking franchises. In general, projected operating results will be based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (judgment of our management team. In all cases, projections are only estimates of future results that are based upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (assumptions made at the time that the projections are developed, and the projected results may vary significantly from actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (results. General economic, political and market conditions can have a material adverse impact on the reliability of such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (projections. In the event that the projections made in connection with our acquisitions, or future projections with respect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (new acquisitions, are not accurate, such inaccuracies could materially and adversely af) Tj ET Q q 0 0 0 rg BT 396.05 574.10 Td (fect us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Some institutions we could acquire may have distressed assets, and there can be no assurance that we will be able to realize ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (the value predicted from these assets or that we will make suf) Tj ET Q q 0 0 0 rg BT 301.20 538.10 Td (ficient provision for future losses in the value of, or accurately ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (estimate the future write-downs taken in respect of, these assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Loan portfolios and other assets acquired in transactions may experience increases in delinquencies and losses in the loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (portfolios, or in amounts that exceed initial forecasts developed during the due diligence investigation prior to acquiring those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (assets. In addition, asset values may be impaired in the future due to factors that cannot currently be predicted, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (deterioration in economic conditions and subsequent declines in collateral values and credit quality indicators. ) Tj ET Q q 0 0 0 rg BT 495.42 466.10 Td (Any of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (events could adversely af) Tj ET Q q 0 0 0 rg BT 151.17 454.10 Td (fect the financial condition, liquidity) Tj ET Q q 0 0 0 rg BT 296.87 454.10 Td (, capital position and value of institutions acquired and of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (business as a whole. Further) Tj ET Q q 0 0 0 rg BT 165.14 442.10 Td (, as a registered bank holding company) Tj ET Q q 0 0 0 rg BT 320.83 442.10 Td (, if we acquire bank subsidiaries, they may become subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (to cross-guaranty liability under applicable banking law) Tj ET Q q 0 0 0 rg BT 272.62 430.10 Td (. If we do so and any of the foregoing adverse events occur with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (respect to one subsidiary) Tj ET Q q 0 0 0 rg BT 148.49 418.10 Td (, they may adversely af) Tj ET Q q 0 0 0 rg BT 241.33 418.10 Td (fect other subsidiaries. ) Tj ET Q q 0 0 0 rg BT 336.03 418.10 Td (Asset valuations are estimates of value, and there is no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (certainty that we will be able to sell assets of tar) Tj ET Q q 0 0 0 rg BT 241.98 406.10 Td (get institutions at the estimated value, even if it is determined to be in our best ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (interests to do so. ) Tj ET Q q 0 0 0 rg BT 122.31 394.10 Td (The institutions we may tar) Tj ET Q q 0 0 0 rg BT 231.56 394.10 Td (get may have substantial amounts of asset classes for which there is currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (limited or no marketability) Tj ET Q q 0 0 0 rg BT 156.83 382.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (As a result of an investment or acquisition transaction, we may be required to take write-downs or write-of) Tj ET Q q 0 0 0 rg BT 487.07 358.10 Td (fs, restructuring ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (and impairment or other charges that could have a significant negative ef) Tj ET Q q 0 0 0 rg BT 352.88 346.10 Td (fect on our financial condition and results of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 310.10 Td (e conduct due diligence investigations of tar) Tj ET Q q 0 0 0 rg BT 235.07 310.10 Td (get institutions we intend to acquire. Due diligence is time consuming and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (expensive due to the operations, accounting, finance and legal professionals who must be involved in the due diligence process. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Even if extensive due diligence is conducted on a tar) Tj ET Q q 0 0 0 rg BT 260.58 286.10 Td (get institution with which we may be combined, this diligence may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (reveal all material issues that may af) Tj ET Q q 0 0 0 rg BT 195.87 274.10 Td (fect a particular tar) Tj ET Q q 0 0 0 rg BT 271.47 274.10 Td (get institution, and factors outside our control, or the control of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 262.10 Td (get institution, may later arise. If, during the diligence process, we fail to identify issues specific to a tar) Tj ET Q q 0 0 0 rg BT 477.56 262.10 Td (get institution or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (environment in which the tar) Tj ET Q q 0 0 0 rg BT 165.34 250.10 Td (get institution operates, we may be forced to later write down or write of) Tj ET Q q 0 0 0 rg BT 455.63 250.10 Td (f assets, restructure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (operations or incur impairment or other char) Tj ET Q q 0 0 0 rg BT 227.53 238.10 Td (ges that could result in reporting losses. ) Tj ET Q q 0 0 0 rg BT 390.94 238.10 Td (These char) Tj ET Q q 0 0 0 rg BT 434.34 238.10 Td (ges may also occur if we are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (not successful in integrating and managing the operations of the tar) Tj ET Q q 0 0 0 rg BT 318.63 226.10 Td (get institution with which we combine. In addition, char) Tj ET Q q 0 0 0 rg BT 545.35 226.10 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (of this nature may cause us to violate net-worth or other covenants to which we may be subject as a result of assuming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (preexisting debt held by a tar) Tj ET Q q 0 0 0 rg BT 166.17 202.10 Td (get institution or by virtue of obtaining debt financing.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (Resources could be expended in considering or evaluating potential investment or acquisition transactions that are not ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (consummated, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 276.20 166.10 Td (fect subsequent attempts to locate and acquire or merge with another ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 130.10 Td (e anticipate that the investigation of each specific tar) Tj ET Q q 0 0 0 rg BT 268.92 130.10 Td (get institution and the negotiation, drafting and execution of relevant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (agreements, disclosure documents and other instruments will require substantial management time and attention and substantial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (costs for accountants, attorneys and others. If a decision is made not to complete a specific investment or acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (transaction, the costs incurred up to that point for the proposed transaction likely would not be recoverable. Furthermore, even ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (if an agreement is reached relating to a specific tar) Tj ET Q q 0 0 0 rg BT 251.66 82.10 Td (get institution, we may fail to consummate the investment or acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (transaction for any number of reasons, including those beyond our control. ) Tj ET Q q 0 0 0 rg BT 353.26 70.10 Td (Any such event will result in a loss of the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (costs incurred and could result in additional costs or expenses, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 461.92 58.10 Td (fect subsequent attempts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (to locate and acquire or mer) Tj ET Q q 0 0 0 rg BT 161.71 46.10 Td (ge with another institution and our reported earnings.) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (36) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (If we do not open new branches or do not achieve targeted profitability on new branches, earnings may be reduced.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Our ability to open or acquire branches is subject to regulatory approvals. ) Tj ET Q q 0 0 0 rg BT 349.17 718.25 Td (W) Tj ET Q q 0 0 0 rg BT 357.81 718.25 Td (e cannot predict whether the banking regulators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (will agree with our growth plans or if or when they will provide the necessary branch approvals. Numerous factors contribute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (to the performance of a new branch, such as a suitable location, competition, our ability to hire and retain qualified personnel, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (and the ef) Tj ET Q q 0 0 0 rg BT 89.24 682.25 Td (fectiveness of our marketing strategy) Tj ET Q q 0 0 0 rg BT 236.88 682.25 Td (. It takes time for a new branch to generate significant deposits and loan volume ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (to of) Tj ET Q q 0 0 0 rg BT 68.43 670.25 Td (fset expenses, some of which, like salaries and occupancy expense, are relatively fixed costs. ) Tj ET Q q 0 0 0 rg BT 445.05 670.25 Td (The initial cost, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (capital asset purchases, for each new branch to open would be in a range of approximately $200 thousand to $250 thousand. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 646.25 Td (, there can be no assurance that any of these new branches will ever become profitable. During the period of time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (before a branch can become profitable, operating a branch will negatively impact net income.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.19 610.25 Td (o the extent that we are unable to increase loans through organic loan growth, we may be unable to successfully ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (implement our growth strategy) Tj ET Q q 0 0 0 rg BT 176.03 598.25 Td (, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 345.00 598.25 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (In addition to growing our business through strategic acquisitions, we also intend to grow our business through or) Tj ET Q q 0 0 0 rg BT 504.76 574.25 Td (ganic loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (growth. ) Tj ET Q q 0 0 0 rg BT 85.65 562.25 Td (While loan growth has been strong, and our loan balances have increased over the last several fiscal years, much of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (loan growth came from multi-family and commercial real estate lending. If we are unsuccessful in diversifying our loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (originations, or if we do not grow the existing business lines, our results of operations and financial condition could be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (negatively impacted.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 502.25 Td (e may not be able to ef) Tj ET Q q 0 0 0 rg BT 150.17 502.25 Td (fectively manage our growth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Our future operating results and financial condition depend to a lar) Tj ET Q q 0 0 0 rg BT 316.95 478.25 Td (ge extent on our ability to successfully manage our growth. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (Our growth has placed, and it may continue to place, significant demands on our operations and management. ) Tj ET Q q 0 0 0 rg BT 494.41 466.25 Td (Whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (through additional acquisitions or or) Tj ET Q q 0 0 0 rg BT 195.35 454.25 Td (ganic growth, our current plan to expand our business is dependent upon our ability to:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 447.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 435.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 435.05 Td (continue to implement and improve our operational, credit underwriting and administration, financial, accounting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 423.05 Td (enterprise risk management and other internal and disclosure controls and procedures and our reporting systems and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 411.05 Td (processes in order to manage a growing number of client relationships;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 393.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 393.05 Td (comply with changes in, and an increasing number of, laws, rules and regulations, including those of any national ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 381.05 Td (securities exchange on which any of our securities become listed;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 363.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 363.05 Td (scale our technology and other systems) Tj ET Q q 0 0 0 rg BT 245.09 363.05 Td ( platforms;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 345.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 345.05 Td (maintain and attract appropriate staf) Tj ET Q q 0 0 0 rg BT 229.80 345.05 Td (fing;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 327.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 327.05 Td (operate profitably or raise capital and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 309.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 309.05 Td (support our asset growth with adequate deposits, funding and liquidity while maintaining our net interest mar) Tj ET Q q 0 0 0 rg BT 522.56 309.05 Td (gin and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 297.05 Td (meeting our customers) Tj ET Q q 0 0 0 rg BT 179.28 297.05 Td ( and regulators) Tj ET Q q 0 0 0 rg BT 241.29 297.05 Td ( liquidity requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.05 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 273.05 Td (e may not successfully implement improvements to, or integrate, our management information and control systems, credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.05 Td (underwriting and administration, internal and disclosure controls, and procedures and processes in an ef) Tj ET Q q 0 0 0 rg BT 464.98 261.05 Td (ficient or timely manner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.05 Td (and may discover deficiencies in existing systems and controls. In particular) Tj ET Q q 0 0 0 rg BT 357.29 249.05 Td (, our controls and procedures must be able to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.05 Td (accommodate an increase in loan volume in various markets and the infrastructure that comes with new banking centers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.05 Td (banks. Our growth strategy may divert management from our existing business and may require us to incur additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.05 Td (expenditures to expand our administrative and operational infrastructure and, if we are unable to ef) Tj ET Q q 0 0 0 rg BT 445.50 213.05 Td (fectively manage and grow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.05 Td (our banking franchise, including to the satisfaction of our regulators, we could be materially and adversely af) Tj ET Q q 0 0 0 rg BT 486.34 201.05 Td (fected. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.05 Td (addition, if we are unable to manage our current and future expansion in our operations, we may experience compliance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.05 Td (operational and regulatory problems and delays, have to slow our pace of growth or even stop our market and product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.05 Td (expansion, or have to incur additional expenditures beyond current projections to support such growth, any one of which could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.05 Td (materially and adversely af) Tj ET Q q 0 0 0 rg BT 158.38 153.05 Td (fect us. If we experience dif) Tj ET Q q 0 0 0 rg BT 272.30 153.05 Td (ficulties with the development of new business activities or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.05 Td (integration process of acquired businesses, the anticipated benefits of any particular acquisition may not be realized fully) Tj ET Q q 0 0 0 rg BT 532.80 141.05 Td (, or at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.05 Td (all, or may take longer to realize than expected. ) Tj ET Q q 0 0 0 rg BT 244.36 129.05 Td (Additionally) Tj ET Q q 0 0 0 rg BT 294.26 129.05 Td (, we may be unable to recognize syner) Tj ET Q q 0 0 0 rg BT 447.35 129.05 Td (gies, operating ef) Tj ET Q q 0 0 0 rg BT 516.31 129.05 Td (ficiencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.05 Td (and/or expected benefits within expected time frames and cost projections, or at all. ) Tj ET Q q 0 0 0 rg BT 389.15 117.05 Td (W) Tj ET Q q 0 0 0 rg BT 397.78 117.05 Td (e also may not be able to preserve the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.05 Td (goodwill of an acquired financial institution. Our growth could lead to increases in our legal, audit, administrative and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.05 Td (financial compliance costs, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 321.10 93.05 Td (fect us.) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (37) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (If our techniques for managing risk are inef) Tj ET Q q 0 0 0 rg BT 232.34 742.25 Td (fective, we may be exposed to material unanticipated losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (In order to manage the significant risks inherent in our business, we must maintain ef) Tj ET Q q 0 0 0 rg BT 390.57 718.25 Td (fective policies, procedures and systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (that enable us to identify) Tj ET Q q 0 0 0 rg BT 148.21 706.25 Td (, monitor and control our exposure to material risks, such as credit, interest rate, operational, legal and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (reputational risks. Our risk management methods may prove to be inef) Tj ET Q q 0 0 0 rg BT 334.75 694.25 Td (fective due to their design, implementation or the degree ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (to which we adhere to them, or as a result of the lack of adequate, accurate or timely information or otherwise. If our risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (management ef) Tj ET Q q 0 0 0 rg BT 111.18 670.25 Td (forts are inef) Tj ET Q q 0 0 0 rg BT 162.08 670.25 Td (fective, we could suf) Tj ET Q q 0 0 0 rg BT 245.20 670.25 Td (fer losses that could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 431.60 670.25 Td (fect on our business, financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (condition or results of operations. In addition, we could be subject to litigation, particularly from our customers, and sanctions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (or fines from regulators. Our techniques for managing the risks we face may not fully mitigate the risk exposure in all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (economic or market environments, including exposure to risks that we might fail to identify or anticipate.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 610.25 Td (e are dependent upon maintaining an ef) Tj ET Q q 0 0 0 rg BT 222.98 610.25 Td (fective system of internal controls to provide reasonable assurance that ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (transactions and activities are conducted in accordance with established policies and procedures and are captured and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (reported in the financial statements. Failure to comply with the system of internal controls may result in events or losses ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (which could adversely af) Tj ET Q q 0 0 0 rg BT 151.75 574.25 Td (fect our operations, net income, financial condition, reputation and compliance with laws and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (Our system of internal controls, including internal controls over financial reporting, is an important element of our risk-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (management framework. Management regularly reviews and seeks to improve our internal controls, including annual review ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (of key policies and procedures and annual review and testing of key internal controls over financial reporting. ) Tj ET Q q 0 0 0 rg BT 493.46 514.25 Td (Any system of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (internal controls, however well designed and operated, is based in part on certain assumptions and expectations of employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (conduct and can only provide reasonable, not absolute, assurance that the objectives of the internal control structure are met. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Any failure or circumvention of our controls and procedures, or failure to comply with regulations related to controls and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (procedures, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 227.78 466.25 Td (fect on our operations, net income, financial condition, reputation and compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (with laws and regulations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 430.25 Td (e may not be able to meet the cash flow requirements of our loan funding obligations, deposit withdrawals, or other ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (business needs and fund our asset growth unless we maintain suf) Tj ET Q q 0 0 0 rg BT 318.78 418.25 Td (ficient liquidity) Tj ET Q q 0 0 0 rg BT 380.91 418.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 394.25 Td (e must maintain suf) Tj ET Q q 0 0 0 rg BT 137.06 394.25 Td (ficient liquidity to fund our balance sheet growth in order to successfully grow our revenues, make loans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (and repay deposit and other liabilities as these mature or are drawn. ) Tj ET Q q 0 0 0 rg BT 324.72 382.25 Td (This liquidity can be gathered in both wholesale and non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (wholesale funding markets. Our asset growth over the past few years has been funded with various forms of deposits and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (wholesale funding, including brokered and wholesale time deposits, FHLB advances and Federal funds line borrowings. ) Tj ET Q q 0 0 0 rg BT 536.10 358.25 Td (T) Tj ET Q q 0 0 0 rg BT 541.51 358.25 Td (otal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (wholesale deposits including brokered and municipal deposits were 39.8% of total deposits at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.14 346.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.72 346.25 Td (. Our gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (loan to deposit ratio was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.26 334.25 Td (128.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.09 334.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.31 334.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.89 334.25 Td (, and our loan to deposit ratio excluding the mortgage warehouse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (portfolio funded by short-term FHLB borrowings was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.58 322.25 Td (101.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.41 322.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.63 322.25 Td (December31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 390.21 322.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.71 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 397.53 322.25 Td (Wholesale funding can cost more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (deposits generated from our traditional branch system and customer relationships and is subject to certain practical limits such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (as our liquidity policy limits, our available collateral for FHLB borrowings capacity and Federal funds line limits with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (lenders. ) Tj ET Q q 0 0 0 rg BT 85.83 286.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 135.73 286.25 Td (, regulators consider wholesale funding beyond certain points to be imprudent and might suggest or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (require that future asset growth be reduced or halted. In the absence of appropriate levels and mix of funding, we might need to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (reduce interest-earning asset growth through the reduction of current production, sales of loans and/or the sale of participation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (interests in future and current loans. ) Tj ET Q q 0 0 0 rg BT 198.66 250.25 Td (This might reduce our future growth and net income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (The amount of funds loaned to us is generally dependent on the value of the eligible collateral pledged and our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (condition. ) Tj ET Q q 0 0 0 rg BT 95.09 214.25 Td (These lenders could reduce the percentages loaned against various collateral categories, eliminate certain types of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (collateral and otherwise modify or even terminate their loan programs, if further disruptions in the capital markets occur) Tj ET Q q 0 0 0 rg BT 530.40 202.25 Td (. ) Tj ET Q q 0 0 0 rg BT 537.34 202.25 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (change to or termination of our borrowings from the FHLB or correspondent banks could have an adverse ef) Tj ET Q q 0 0 0 rg BT 484.41 190.25 Td (fect on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (profitability and financial condition, including liquidity) Tj ET Q q 0 0 0 rg BT 270.98 178.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 154.25 Td (e may not be able to develop and retain a strong core deposit base and other low-cost, stable funding sources.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 130.25 Td (e depend on checking, savings and money market deposit account balances and other forms of customer deposits as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (primary source of funding for our lending activities. ) Tj ET Q q 0 0 0 rg BT 263.10 118.25 Td (W) Tj ET Q q 0 0 0 rg BT 271.73 118.25 Td (e expect that our future loan growth will lar) Tj ET Q q 0 0 0 rg BT 445.94 118.25 Td (gely depend on our ability to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (retain and grow a strong, low-cost deposit base. Because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.60 106.25 Td (28.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.43 106.25 Td ( of our deposit base as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.91 106.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.49 106.25 Td (, was time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (deposits, it may prove harder to maintain and grow our deposit base than would otherwise be the case, especially since many of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (these deposits currently pay interest at above-market rates. ) Tj ET Q q 0 0 0 rg BT 288.80 82.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.25 82.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.83 82.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.83 82.25 Td ($1.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.94 82.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.77 82.25 Td (76.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.60 82.25 Td (,of our total time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (deposits, are scheduled to mature through December 31, 2018. ) Tj ET Q q 0 0 0 rg BT 305.02 70.25 Td (W) Tj ET Q q 0 0 0 rg BT 313.66 70.25 Td (e are working to transition certain of our customers to lower) Tj ET Q q 0 0 0 rg BT 553.95 70.25 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (cost traditional bank deposits as higher) Tj ET Q q 0 0 0 rg BT 205.60 58.25 Td (-cost funding, such as time deposits, mature. If interest rates increase, whether due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (changes in inflation, monetary policy) Tj ET Q q 0 0 0 rg BT 198.48 46.25 Td (, competition or other factors, we would expect to pay higher interest rates on deposits, ) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (which would increase our funding costs and compress our net interest mar) Tj ET Q q 0 0 0 rg BT 346.68 742.10 Td (gin. ) Tj ET Q q 0 0 0 rg BT 366.78 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 375.42 742.10 Td (e may not succeed in moving our deposits to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (lower) Tj ET Q q 0 0 0 rg BT 72.57 730.10 Td (-yielding savings and transactions products, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 410.35 730.10 Td (fect us. In addition, with concerns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (about bank failures over the past several years and the end of the FDIC) Tj ET Q q 0 0 0 rg BT 336.85 718.10 Td (s non-interest transaction deposit guarantee program on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (December31, 2012, customers, particularly those who may maintain deposits in excess of insured limits, have become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (concerned about the extent to which their deposits are insured by the FDIC. Our customers may withdraw deposits to ensure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (that their deposits with us are fully insured and may place excess amounts in other institutions or make investments that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (perceived as being more secure and/or higher yielding. Further) Tj ET Q q 0 0 0 rg BT 303.40 670.10 Td (, even if we are able to maintain and grow our deposit base, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (deposit balances can decrease when customers perceive alternative investments, such as the stock market, will provide a better ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (risk/return tradeof) Tj ET Q q 0 0 0 rg BT 122.29 646.10 Td (f. If customers move money out of bank deposits, we could lose a relatively low-cost source of funds, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (increasing our funding costs and reducing our net interest income and net income. ) Tj ET Q q 0 0 0 rg BT 382.41 634.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 432.31 634.10 Td (, any such loss of funds could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (result in lower loan originations and growth, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 390.56 622.10 Td (fect our results of operations and financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (condition, including liquidity) Tj ET Q q 0 0 0 rg BT 166.29 610.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Separately) Tj ET Q q 0 0 0 rg BT 91.55 586.10 Td (, the ) Tj ET Q q 0 0 0 rg BT 110.72 586.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 151.54 586.10 Td (Agreement with Flagship provides that we will sell deposits related to the BankMobile business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (segment divested by us and acquired by Flagship to Flagship for $10 million. ) Tj ET Q q 0 0 0 rg BT 363.95 574.10 Td (The BankMobile-related deposit balances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (fluctuate throughout the year) Tj ET Q q 0 0 0 rg BT 165.39 562.10 Td (, and the amount of deposits sold will depend on the timing of the divestiture. Deposit balances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (associated with the BankMobile business segment can vary over the course of the year) Tj ET Q q 0 0 0 rg BT 395.88 550.10 Td (, from a seasonal low of approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td ($400 million in June and July when student enrollment is lower to a high of as much as $900 million in September or January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (when student enrollment is high and individual account balances are generally at their peak. ) Tj ET Q q 0 0 0 rg BT 422.47 526.10 Td (The sale of the BankMobile-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (related deposit balances will be of) Tj ET Q q 0 0 0 rg BT 186.16 514.10 Td (fset in part by the transfer of interest-bearing investment securities and/or loans with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (deposits, reducing our interest-earning assets and thereby reducing any adverse ef) Tj ET Q q 0 0 0 rg BT 376.65 502.10 Td (fects of the BankMobile divestiture on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (capital ratios and liquidity position that may result from the BankMobile divestiture. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Our high-touch personalized service banking model may be replicated by competitors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 442.10 Td (e expect to drive or) Tj ET Q q 0 0 0 rg BT 135.64 442.10 Td (ganic growth by employing our Concier) Tj ET Q q 0 0 0 rg BT 295.71 442.10 Td (ge Banking and single-point-of-contact strategies, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (provide specific relationship managers or private bankers for all customers. Many of our competitors provide similar services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (and others may replicate our model. Our competitors may have greater resources than we do and may be able to provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (similar services more quickly) Tj ET Q q 0 0 0 rg BT 167.37 406.10 Td (, ef) Tj ET Q q 0 0 0 rg BT 179.96 406.10 Td (ficiently and extensively) Tj ET Q q 0 0 0 rg BT 277.61 406.10 Td (. ) Tj ET Q q 0 0 0 rg BT 284.93 406.10 Td (T) Tj ET Q q 0 0 0 rg BT 290.34 406.10 Td (o the extent others replicate our model, we could lose what we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (view as a competitive advantage, and our financial condition and results of operations may be adversely af) Tj ET Q q 0 0 0 rg BT 476.06 394.10 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Competitors) Tj ET Q q 0 0 0 rg BT 102.59 370.10 Td ( technology-driven products and services and improvements to such products and services may adversely af) Tj ET Q q 0 0 0 rg BT 542.93 370.10 Td (fect ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (our ability to generate core deposits through mobile banking.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Our or) Tj ET Q q 0 0 0 rg BT 76.20 334.10 Td (ganic growth strategy focuses on, among other things, expanding market share through our high-tech model, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (includes remote account opening, remote deposit capture and mobile banking. ) Tj ET Q q 0 0 0 rg BT 367.22 322.10 Td (These technological advances, such as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (BankMobile, are intended to allow us to generate additional core deposits at a lower cost than generating deposits through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (opening and operating branch locations. Some of our competitors may have greater resources to invest in technology and may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (be better equipped to market new technology-driven products and services. ) Tj ET Q q 0 0 0 rg BT 355.27 286.10 Td (This may result in limiting, reducing or otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 274.10 Td (fecting our growth strategy in this area and our access to deposits through mobile banking. In addition, to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (extent we fail to keep pace with technological changes or incur respectively lar) Tj ET Q q 0 0 0 rg BT 365.80 262.10 Td (ge expenses to implement technological ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (changes, our business, financial condition and results of operations may be adversely af) Tj ET Q q 0 0 0 rg BT 400.27 250.10 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 226.10 Td (e may suf) Tj ET Q q 0 0 0 rg BT 97.41 226.10 Td (fer losses due to minority investments in other financial institutions or related companies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (From time to time, we may make or consider making minority investments in other financial institutions or technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (companies in the financial services business. If we do so, we may not be able to influence the activities of companies in which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (we invest and may suf) Tj ET Q q 0 0 0 rg BT 139.24 178.10 Td (fer losses due to these activities. Investments in foreign companies could pose additional risks as a result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (of distance, language barriers and potential lack of information \(for example, foreign institutions, including foreign financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (institutions, may not be obligated to provide as much information regarding their operations as those in the United States\). Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (investment in Religare, which is a diversified financial services company in India, represents such an investment. In fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (quarter 2016, we announced our decision to exit our investment in Religare. ) Tj ET Q q 0 0 0 rg BT 358.53 130.10 Td (As a result of that decision, we recorded an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (impairment loss of $7.3 million in earnings in fourth quarter 2016 and adjusted our cost basis of the Religare securities to their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (estimated fair value of $15.2 million at December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 294.19 106.10 Td (W) Tj ET Q q 0 0 0 rg BT 302.83 106.10 Td (e recorded additional impairment losses totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.28 106.10 Td ($12.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.17 106.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (during 2017 for the decline in fair value from December 31, 2016, through September 30, 2017. ) Tj ET Q q 0 0 0 rg BT 438.88 94.10 Td (The fair value of the Religare ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (equity securities at September 30, 2017, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.57 82.10 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.46 82.10 Td ( became the new cost basis of the securities. ) Tj ET Q q 0 0 0 rg BT 453.24 82.10 Td (At December 31, 2017, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (fair value of the Religare equity securities was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.26 70.10 Td ($3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 70.10 Td (, which resulted in an unrealized gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 70.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.04 70.10 Td ( recognized in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (accumulated other comprehensive income with no adjustment for deferred taxes as we currently do not have a tax strategy in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (place capable of generating suf) Tj ET Q q 0 0 0 rg BT 174.20 46.10 Td (ficient capital gains to utilize any capital losses resulting from the Religare investment. ) Tj ET Q q 0 0 0 rg BT 526.97 46.10 Td (T) Tj ET Q q 0 0 0 rg BT 532.38 46.10 Td (o the ) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (extent we are unable to exit the Religare investment as planned and pursuant to the terms contemplated, future declines in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (market price per share of the Religare common stock and adverse changes in foreign currency exchange rates, may have an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 90.63 718.10 Td (fect on our financial condition and results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 694.10 Td (e are required to hold capital for United States bank regulatory purposes to support our investment in Religare securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Under the U.S. capital adequacy rules, which became ef) Tj ET Q q 0 0 0 rg BT 273.89 670.10 Td (fective as of January1, 2015, we have to hold risk-based capital based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (on the amount of Religare common stock we own. Based upon the implementation of the final U.S. capital adequacy rules, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (these investments are currently subject to risk weighting of 100% of the amount of the investment; however) Tj ET Q q 0 0 0 rg BT 481.16 646.10 Td (, to the extent future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (aggregated carrying value of certain equity exposures exceeds 10% of our then total capital, risk weightings of 300% may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (apply) Tj ET Q q 0 0 0 rg BT 71.57 622.10 Td (. ) Tj ET Q q 0 0 0 rg BT 78.52 622.10 Td (Any capital that is required to be used to support our Religare investment will not be available to support our United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (States operations or Customers Bank, if needed.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Risks Relating to the Regulation of Our) Tj ET Q q 0 0 0 rg BT 218.71 586.10 Td ( Industry) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Our business, financial condition, results of operations and future prospects could be adversely af) Tj ET Q q 0 0 0 rg BT 452.35 562.10 Td (fected by the highly ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (regulated environment in which we operate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (As a bank holding company) Tj ET Q q 0 0 0 rg BT 161.55 526.10 Td (, we are subject to federal supervision and regulation. Federal regulation of the banking industry) Tj ET Q q 0 0 0 rg BT 548.29 526.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (along with tax and accounting laws, regulations, rules and standards, may limit our operations significantly and control the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (methods by which we conduct business, just as they limit those of other banking or) Tj ET Q q 0 0 0 rg BT 382.27 502.10 Td (ganizations. In addition, compliance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (laws and regulations can be dif) Tj ET Q q 0 0 0 rg BT 173.95 490.10 Td (ficult and costly) Tj ET Q q 0 0 0 rg BT 237.72 490.10 Td (, and changes to laws and regulations can impose additional compliance costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (The Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 118.88 478.10 Td (Act, which imposes significant regulatory and compliance changes on financial institutions, is an example of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (this type of federal regulation. Many of these regulations are intended to protect depositors, customers, the public, the banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (system as a whole, or the FDIC insurance funds, not stockholders. Regulatory requirements and discretion af) Tj ET Q q 0 0 0 rg BT 487.77 454.10 Td (fect our lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (practices, capital structure, investment practices, dividend policy and many other aspects of our business. ) Tj ET Q q 0 0 0 rg BT 475.52 442.10 Td (There are laws and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (regulations which restrict transactions between us and our subsidiaries. ) Tj ET Q q 0 0 0 rg BT 338.91 430.10 Td (These requirements may constrain our operations, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (the adoption of new laws and changes to or repeal of existing laws may have a further impact on our business, financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (condition, results of operations and future prospects. ) Tj ET Q q 0 0 0 rg BT 264.40 406.10 Td (Also, the burden imposed by those federal and state regulations may place ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (banks in general, including Customers Bank in particular) Tj ET Q q 0 0 0 rg BT 277.88 394.10 Td (, at a competitive disadvantage compared to their non-banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (competitors. ) Tj ET Q q 0 0 0 rg BT 104.53 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 113.17 382.10 Td (e are also subject to requirements with respect to the confidentiality of information obtained from clients ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (concerning their identities, business and personal financial information, employment and other matters. ) Tj ET Q q 0 0 0 rg BT 468.04 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 476.67 370.10 Td (e require our team ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (members to agree to keep all such information confidential, and we monitor compliance. Failure to comply with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (confidentiality requirements could result in material liability and adversely af) Tj ET Q q 0 0 0 rg BT 359.44 346.10 Td (fect our business, financial condition, results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (operations and future prospects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Bank holding companies and financial institutions are extensively regulated and currently face an uncertain regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (environment. ) Tj ET Q q 0 0 0 rg BT 107.49 298.10 Td (Applicable laws, regulations, interpretations, enforcement policies and accounting principles have been subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (to significant changes in recent years and may be subject to significant future changes. Future changes may have a material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 90.63 274.10 Td (fect on our business, financial condition and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Federal and state regulatory agencies may adopt changes to their regulations or change the manner in which existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (regulations are applied or interpreted. ) Tj ET Q q 0 0 0 rg BT 205.03 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 213.67 238.10 Td (e cannot predict the substance or ef) Tj ET Q q 0 0 0 rg BT 354.54 238.10 Td (fect of pending or future legislation or regulation or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (the application of laws and regulations on us. Compliance with current and potential regulation, as well as regulatory scrutiny) Tj ET Q q 0 0 0 rg BT 554.49 226.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (may significantly increase our costs, impede the ef) Tj ET Q q 0 0 0 rg BT 252.53 214.10 Td (ficiency of our internal business processes, require us to increase our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (regulatory capital and limit our ability to pursue business opportunities in an ef) Tj ET Q q 0 0 0 rg BT 365.86 202.10 Td (ficient manner by requiring us to expend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (significant time, ef) Tj ET Q q 0 0 0 rg BT 125.07 190.10 Td (fort and resources to ensure compliance and respond to any regulatory inquiries or investigations. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (addition, press coverage and other public statements that assert some form of wrongdoing by financial services companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (\(including press coverage and public statements that do not involve us\) may result in regulatory inquiries or investigations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (which, independent of the outcome, may be time-consuming and expensive and may divert time, ef) Tj ET Q q 0 0 0 rg BT 447.20 154.10 Td (fort and resources from our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (business. Evolving regulations and guidance concerning executive compensation may also impose limitations on us that af) Tj ET Q q 0 0 0 rg BT 542.76 142.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (our ability to compete successfully for executive and management talent. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (In addition, given the current economic and financial environment, regulators may elect to alter standards or the interpretation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (of the standards used to measure regulatory compliance or to determine the adequacy of liquidity) Tj ET Q q 0 0 0 rg BT 437.55 96.10 Td (, certain risk management or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (other operational practices for financial services companies in a manner that impacts our ability to implement our strategy and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td (could af) Tj ET Q q 0 0 0 rg BT 82.30 72.10 Td (fect us in substantial and unpredictable ways and could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 409.50 72.10 Td (fect on our business, financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.10 Td (condition and results of operations. Furthermore, the regulatory agencies have extremely broad direction in their interpretation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.10 Td (of the regulations and laws and their interpretation of the quality of our loan portfolio, securities portfolio and other assets. If ) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (any regulatory agency) Tj ET Q q 0 0 0 rg BT 141.63 742.10 Td (s assessment of the quality of our assets, operations, lending practices, investment practices, capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (structure or other assets of our business dif) Tj ET Q q 0 0 0 rg BT 221.17 730.10 Td (fers from our assessment, we may be required to take additional char) Tj ET Q q 0 0 0 rg BT 496.45 730.10 Td (ges or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (undertake or refrain from undertaking actions that would have the ef) Tj ET Q q 0 0 0 rg BT 323.60 718.10 Td (fect of materially reducing our earnings, capital ratios and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (share price.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 682.10 Td (e operate in a highly regulated environment, and the laws and regulations that govern our operations, corporate ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (governance, executive compensation and accounting principles, or changes in them, or our failure to comply with them, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (could materially and adversely af) Tj ET Q q 0 0 0 rg BT 186.46 658.10 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 634.10 Td (e are subject to extensive regulation, supervision and legislation that govern almost all aspects of our operations. Intended to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (protect customers, depositors and the FDIC) Tj ET Q q 0 0 0 rg BT 226.64 622.10 Td (s Deposit Insurance Fund \(the DIF\) and not our shareholders, these laws and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (regulations, among other matters, prescribe minimum capital requirements, impose limitations on our business activities, limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (the dividends or distributions that we can pay) Tj ET Q q 0 0 0 rg BT 231.26 598.10 Td (, restrict the ability of our subsidiary bank to engage in transactions with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Bancorp, and impose certain specific accounting requirements on us that may be more restrictive and may result in greater or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (earlier char) Tj ET Q q 0 0 0 rg BT 95.06 574.10 Td (ges to earnings or reductions in our capital than generally accepted accounting principles. Compliance with laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (and regulations can be dif) Tj ET Q q 0 0 0 rg BT 153.12 562.10 Td (ficult and costly) Tj ET Q q 0 0 0 rg BT 216.89 562.10 Td (, and changes to laws and regulations often impose additional compliance costs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (may make certain products impermissible or uneconomic. Our failure to comply with these laws and regulations, even if the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (failure follows good faith ef) Tj ET Q q 0 0 0 rg BT 162.01 538.10 Td (fort or reflects a dif) Tj ET Q q 0 0 0 rg BT 239.57 538.10 Td (ference in interpretation, could subject us to restrictions on our business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (activities, reputational harm, fines and other penalties, any of which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 457.17 526.10 Td (fect us. Further) Tj ET Q q 0 0 0 rg BT 520.09 526.10 Td (, any new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (laws, rules and regulations could make compliance more dif) Tj ET Q q 0 0 0 rg BT 290.58 514.10 Td (ficult or expensive and also materially and adversely af) Tj ET Q q 0 0 0 rg BT 511.42 514.10 Td (fect us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Our use of third-party vendors and our other ongoing third-party business relationships are subject to increasing regulatory) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (requirements and attention.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 454.10 Td (e regularly use third-party vendors as part of our business and have other ongoing business relationships with other third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 83.97 442.10 Td (These types of third-party relationships are subject to increasingly demanding regulatory requirements and attention by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (federal banking regulators. Regulation requires us to perform enhanced due diligence, perform ongoing monitoring and control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (our) Tj ET Q q 0 0 0 rg BT 63.13 418.10 Td (-third party vendors and other ongoing third-party business relationships. In certain cases, we may be required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (renegotiate our agreements with these vendors to meet these enhanced requirements, which could increase our costs. ) Tj ET Q q 0 0 0 rg BT 521.04 406.10 Td (W) Tj ET Q q 0 0 0 rg BT 529.68 406.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (expect that our regulators will hold us responsible for deficiencies in our oversight and control of our third-party relationships ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (and in the performance of the parties with which we have these relationships. ) Tj ET Q q 0 0 0 rg BT 363.51 382.10 Td (As a result, if our regulators conclude that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (have not exercised adequate oversight and control over our) Tj ET Q q 0 0 0 rg BT 285.82 370.10 Td (-third party vendors or other ongoing third-party business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (relationships or that such third parties have not performed appropriately) Tj ET Q q 0 0 0 rg BT 336.76 358.10 Td (, we could be subject to enforcement actions, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (civil money penalties or other administrative or judicial penalties or fines as well as requirements for customer remediation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (any of which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 233.62 334.10 Td (fect on our business, financial condition or results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 310.10 Td (e are subject to numerous laws and governmental regulations and to regular examinations by our regulators of our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (business and compliance with laws and regulations, and our failure to comply with such laws and regulations or to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (adequately address any matters identified during our examinations could materially and adversely af) Tj ET Q q 0 0 0 rg BT 464.26 286.10 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Federal banking agencies regularly conduct comprehensive examinations of our business, including our compliance with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (applicable laws, regulations and policies. Examination reports and ratings \(which often are not publicly available\) and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (aspects of this supervisory framework can materially impact the conduct, or) Tj ET Q q 0 0 0 rg BT 353.33 238.10 Td (ganic and acquisition growth and profitability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (our business. Our regulators have extensive discretion in their supervisory and enforcement activities and may impose a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (variety of remedial actions, conditions or limitations on our business operations if, as a result of an examination, they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (determined that our financial condition, capital resources, asset quality) Tj ET Q q 0 0 0 rg BT 332.03 202.10 Td (, earnings prospects, management, liquidity or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (aspects of any of our operations had become unsatisfactory) Tj ET Q q 0 0 0 rg BT 285.94 190.10 Td (, or that we or our management were in violation of any law) Tj ET Q q 0 0 0 rg BT 525.49 190.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (regulation or policy) Tj ET Q q 0 0 0 rg BT 128.22 178.10 Td (. Examples of those actions, conditions or limitations include enjoining unsafe or unsound practices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (requiring af) Tj ET Q q 0 0 0 rg BT 96.74 166.10 Td (firmative actions to correct any conditions resulting from any asserted violation of law) Tj ET Q q 0 0 0 rg BT 442.10 166.10 Td (, issuing administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (orders that can be judicially enforced, directing increases in our capital, assessing civil monetary penalties against our of) Tj ET Q q 0 0 0 rg BT 531.60 154.10 Td (ficers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (or directors, removing of) Tj ET Q q 0 0 0 rg BT 149.79 142.10 Td (ficers and directors and, if a conclusion was reached that the of) Tj ET Q q 0 0 0 rg BT 401.73 142.10 Td (fending conditions cannot be corrected, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (or there is an imminent risk of loss to depositors, terminating our deposit insurance. Other actions, formal or informal, that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (may be imposed could restrict our growth, including regulatory denials to expand branches, relocate, add subsidiaries and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 106.10 Td (filiates, expand into new financial activities or mer) Tj ET Q q 0 0 0 rg BT 260.67 106.10 Td (ge with or purchase other financial institutions. ) Tj ET Q q 0 0 0 rg BT 454.05 106.10 Td (The timing of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (examinations, including the timing of the resolution of any issues identified by our regulators in the examinations and the final ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (determination by them with respect to the imposition of any remedial actions, conditions or limitations on our business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (operations, is generally not within our control. ) Tj ET Q q 0 0 0 rg BT 237.84 70.10 Td (W) Tj ET Q q 0 0 0 rg BT 246.47 70.10 Td (e also could suf) Tj ET Q q 0 0 0 rg BT 308.78 70.10 Td (fer reputational harm in the event of any perceived or actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (noncompliance with certain laws and regulations. If we become subject to such regulatory actions, we could be materially and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 46.10 Td (fected.) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (41) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Other litigation and regulatory actions, including possible enforcement actions, could subject us to significant fines, ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (penalties, judgments or other requirements resulting in increased expenses or restrictions on our business activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Our business is subject to increased litigation and regulatory risks as a result of a number of factors, including the highly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (regulated nature of the financial services industry and the focus of state and federal prosecutors on banks and the financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (services industry generally) Tj ET Q q 0 0 0 rg BT 156.54 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 163.86 670.10 Td (This focus has only intensified since the latest financial crisis, with regulators and prosecutors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (focusing on a variety of financial institution practices and requirements. ) Tj ET Q q 0 0 0 rg BT 342.50 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 351.14 658.10 Td (e may) Tj ET Q q 0 0 0 rg BT 374.65 658.10 Td (, from time to time, be the subject of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (subpoenas, requests for information, reviews, investigations and proceedings \(both formal and informal\) by governmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (agencies regarding our business. Legal or regulatory actions may subject us to substantial compensatory or punitive damages, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (significant fines, penalties, obligations to change our business practices or other requirements resulting in increased expenses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (diminished income and damage to our reputation. Our involvement in any such matters, even if the matters are ultimately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (determined in our favor) Tj ET Q q 0 0 0 rg BT 144.29 598.10 Td (, could also cause significant harm to our reputation and divert management attention from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (operation of our business. Further) Tj ET Q q 0 0 0 rg BT 187.35 586.10 Td (, any settlement, consent order or adverse judgment in connection with any formal or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (informal proceeding or investigation by government agencies may result in litigation, investigations or proceedings as other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (litigants and government agencies begin independent reviews of the same activities. ) Tj ET Q q 0 0 0 rg BT 390.18 562.10 Td (As a result, the outcome of legal and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (regulatory actions could be material to our business, results of operations, financial condition and cash flows, depending on, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (among other factors, the level of our earnings for that period and could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 440.21 538.10 Td (fect on our business, financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (condition or results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (The FDIC) Tj ET Q q 0 0 0 rg BT 95.65 502.10 Td (s restoration plan and the related increased assessment rate could materially and adversely af) Tj ET Q q 0 0 0 rg BT 479.63 502.10 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (The FDIC insures deposits at FDIC-insured depository institutions up to applicable limits. ) Tj ET Q q 0 0 0 rg BT 415.35 478.10 Td (The amount of a particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (institution) Tj ET Q q 0 0 0 rg BT 93.34 466.10 Td (s deposit insurance assessment is based on that institution) Tj ET Q q 0 0 0 rg BT 326.65 466.10 Td (s risk classification under an FDIC risk-based assessment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (system. ) Tj ET Q q 0 0 0 rg BT 84.73 454.10 Td (An institution) Tj ET Q q 0 0 0 rg BT 142.79 454.10 Td (s risk classification is assigned based on its capital levels and the level of supervisory concern the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (institution poses to its regulators. ) Tj ET Q q 0 0 0 rg BT 187.31 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 195.95 442.10 Td (e are generally unable to control the amount of premiums that we are required to pay for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (FDIC insurance. If there are additional bank or financial institution failures, we may be required to pay even higher FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (premiums than the recently increased levels. ) Tj ET Q q 0 0 0 rg BT 232.16 418.10 Td (Any future additional assessments, increases or required prepayments in FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (insurance premiums may materially and adversely af) Tj ET Q q 0 0 0 rg BT 261.41 406.10 Td (fect us, including reducing our profitability or limiting our ability to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (pursue certain business opportunities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 372.10 Td (The Federal Reserve may require us to commit capital resources to support our subsidiary bank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (As a matter of policy) Tj ET Q q 0 0 0 rg BT 133.77 350.10 Td (, the Federal Reserve, which examines us and our subsidiaries, expects a bank holding company to act as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.10 Td (source of financial and managerial strength to a subsidiary bank and to commit resources to support such subsidiary bank. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (Under the source of strength doctrine, the Federal Reserve may require a bank holding company to make capital injections ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.10 Td (into a troubled subsidiary bank and may char) Tj ET Q q 0 0 0 rg BT 230.05 314.10 Td (ge the bank holding company with engaging in unsafe and unsound practices for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.10 Td (failure to commit resources to such a subsidiary bank. In addition, the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 384.93 302.10 Td (Act directs the federal bank regulators to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.10 Td (require that all companies that directly or indirectly control an insured depository institution to serve as a source of strength for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.10 Td (the institution. Under this requirement, we could be required to provide financial assistance to Customers Bank or any other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.10 Td (subsidiary banks we may own in the future should they experience financial distress.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 244.10 Td ( capital injection may be required at times when we do not have the resources to provide it, and therefore, we may be required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (to borrow the funds or raise additional equity capital from third parties. ) Tj ET Q q 0 0 0 rg BT 339.37 232.10 Td (Any loans by a holding company to its subsidiary bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (are subordinate in right of payment to deposits and to certain other indebtedness of the subsidiary bank. In the event of a bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (holding company) Tj ET Q q 0 0 0 rg BT 122.49 208.10 Td (s bankruptcy) Tj ET Q q 0 0 0 rg BT 173.22 208.10 Td (, the bankruptcy trustee will assume any commitment by the holding company to a federal bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (regulatory agency to maintain the capital of a subsidiary bank. Moreover) Tj ET Q q 0 0 0 rg BT 343.39 196.10 Td (, bankruptcy law provides that claims based on any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (such commitment will be entitled to a priority of payment over the claims of the holding company) Tj ET Q q 0 0 0 rg BT 445.46 184.10 Td (s general unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (creditors, including the holders of its indebtedness. ) Tj ET Q q 0 0 0 rg BT 258.30 172.10 Td (Any financing that must be done by the holding company in order to make ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (the required capital injection may be dif) Tj ET Q q 0 0 0 rg BT 209.76 160.10 Td (ficult and expensive and may not be available on attractive terms, or at all, which likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (would have a material adverse ef) Tj ET Q q 0 0 0 rg BT 181.70 148.10 Td (fect on us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (The long-term impact of the new regulatory capital standards and the capital rules on U.S. banks is uncertain.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (In September2010, the Basel Committee on Banking Supervision, announced an agreement to a strengthened set of capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (requirements for internationally active banking or) Tj ET Q q 0 0 0 rg BT 248.92 88.10 Td (ganizations in the United States and around the world, known as Basel III. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (Basel III narrowed the definition of capital, introduced requirements for minimum ) Tj ET Q q 0 0 0 rg BT 381.38 76.10 Td (T) Tj ET Q q 0 0 0 rg BT 387.14 76.10 Td (ier 1 common capital, increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (requirements for minimum ) Tj ET Q q 0 0 0 rg BT 160.07 64.10 Td (T) Tj ET Q q 0 0 0 rg BT 165.83 64.10 Td (ier 1 capital and total risk-based capital, and changed risk-weighting methodologies. Basel III is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (being phased in over time until fully phased in by January1, 2019.) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (In July2013, the Federal Reserve adopted a final rule regarding new capital requirements pursuant to Basel III. ) Tj ET Q q 0 0 0 rg BT 499.95 742.10 Td (These rules, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (which became ef) Tj ET Q q 0 0 0 rg BT 117.56 730.10 Td (fective on January1, 2015, for community banks, increased the required amount of regulatory capital that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (must hold, and failure to comply with the capital rules will lead to limitations on the dividend payments to us by Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Bank and other elective distributions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (In December 2017, the Basel Committee on Banking Supervision published standards that it described as the finalization of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Basel III regulatory framework \(commonly referred to as Basel IV\). ) Tj ET Q q 0 0 0 rg BT 326.56 670.10 Td (Among other things, these standards revise the Basel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Committee) Tj ET Q q 0 0 0 rg BT 97.22 658.10 Td (s standardized approach for credit risk and provide a new standardized approach for operational risk capital. Under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (the Basel framework, these standards will generally be ef) Tj ET Q q 0 0 0 rg BT 278.90 646.10 Td (fective on January 1, 2022, with an aggregate output floor phasing in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (through January 1, 2027. Under the current U.S. capital rules, operational risk capital requirements and a capital floor apply ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (only to advanced-approaches institutions and not to us. ) Tj ET Q q 0 0 0 rg BT 274.78 622.10 Td (The impact of Basel IV) Tj ET Q q 0 0 0 rg BT 368.45 622.10 Td ( on us will depend on the manner in which it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (implemented by the federal bank regulators.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (V) Tj ET Q q 0 0 0 rg BT 56.11 586.10 Td (arious provisions of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 203.60 586.10 Td (Act increase the capital requirements of bank holding companies, such as we, and non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (bank financial companies that are supervised by the Federal Reserve. ) Tj ET Q q 0 0 0 rg BT 331.38 574.10 Td (The leverage and risk-based capital ratios of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (entities may not be lower than the leverage and risk-based capital ratios for insured depository institutions. ) Tj ET Q q 0 0 0 rg BT 478.87 562.10 Td (The Basel III ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (changes and other regulatory capital requirements will likely result in generally higher regulatory capital standards for us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 526.10 Td (e face a risk of noncompliance and enforcement action with the Bank Secrecy ) Tj ET Q q 0 0 0 rg BT 381.37 526.10 Td (Act and other anti-money laundering ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (statutes and regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (The federal Bank Secrecy ) Tj ET Q q 0 0 0 rg BT 155.50 490.10 Td (Act, the Uniting and Strengthening ) Tj ET Q q 0 0 0 rg BT 297.71 490.10 Td (America by Providing ) Tj ET Q q 0 0 0 rg BT 388.53 490.10 Td (Appropriate ) Tj ET Q q 0 0 0 rg BT 439.16 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 444.57 490.10 Td (ools Required to Intercept ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (and Obstruct ) Tj ET Q q 0 0 0 rg BT 103.70 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 109.11 478.10 Td (errorism ) Tj ET Q q 0 0 0 rg BT 144.93 478.10 Td (Act of 2001 \(the P) Tj ET Q q 0 0 0 rg BT 222.33 478.10 Td (A) Tj ET Q q 0 0 0 rg BT 228.44 478.10 Td (TRIOT) Tj ET Q q 0 0 0 rg BT 257.70 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.65 478.10 Td (Act\) and other laws and regulations require financial institutions, among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (other duties, to institute and maintain an ef) Tj ET Q q 0 0 0 rg BT 220.89 466.10 Td (fective anti-money laundering program and file suspicious activity and currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (transaction reports as appropriate. ) Tj ET Q q 0 0 0 rg BT 190.32 454.10 Td (The federal Financial Crimes Enforcement Network, established by the U.S. ) Tj ET Q q 0 0 0 rg BT 498.11 454.10 Td (T) Tj ET Q q 0 0 0 rg BT 503.86 454.10 Td (reasury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Department to administer the Bank Secrecy ) Tj ET Q q 0 0 0 rg BT 226.61 442.10 Td (Act, is authorized to impose significant civil money penalties for violations of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (those requirements and has recently engaged in coordinated enforcement ef) Tj ET Q q 0 0 0 rg BT 351.64 430.10 Td (forts with the individual federal banking regulators, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (as well as the U.S. Department of Justice, Drug Enforcement ) Tj ET Q q 0 0 0 rg BT 295.77 418.10 Td (Administration and Internal Revenue Service. ) Tj ET Q q 0 0 0 rg BT 484.14 418.10 Td (There is also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (increased scrutiny of compliance with the rules enforced by the Of) Tj ET Q q 0 0 0 rg BT 316.39 406.10 Td (fice of Foreign ) Tj ET Q q 0 0 0 rg BT 377.76 406.10 Td (Assets Control \(the OF) Tj ET Q q 0 0 0 rg BT 473.96 406.10 Td (AC\). If our policies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (procedures and systems are deemed deficient or the policies, procedures and systems of the financial institutions that we have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (already acquired or may acquire in the future are deficient, we would be subject to liability) Tj ET Q q 0 0 0 rg BT 412.54 382.10 Td (, including fines and regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (actions \(such as restrictions on our ability to pay dividends and the necessity to obtain regulatory approvals to proceed with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (certain aspects of our business plan, including our acquisition plans\), which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 488.31 358.10 Td (fect us. Failure to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (maintain and implement adequate programs to combat money laundering and terrorist financing could also have serious ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (reputational consequences for us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Federal, state and local consumer lending laws may restrict our ability to originate certain mortgage loans or increase our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (risk of liability with respect to such loans and could increase our cost of doing business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Federal, state and local laws have been adopted that are intended to eliminate certain lending practices considered predatory) Tj ET Q q 0 0 0 rg BT 549.69 274.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (These laws prohibit practices such as steering borrowers away from more af) Tj ET Q q 0 0 0 rg BT 354.43 262.10 Td (fordable products, selling unnecessary insurance to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (borrowers, repeatedly refinancing loans and making loans without a reasonable expectation that the borrowers will be able to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (repay the loans irrespective of the value of the underlying property) Tj ET Q q 0 0 0 rg BT 316.47 238.10 Td (. It is our policy not to make predatory loans, but these laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (create the potential for liability with respect to our lending and loan investment activities. ) Tj ET Q q 0 0 0 rg BT 412.49 226.10 Td (They increase our cost of doing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (business and, ultimately) Tj ET Q q 0 0 0 rg BT 145.73 214.10 Td (, may prevent us from making certain loans and cause us to reduce the average percentage rate or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (points and fees on loans that we do make.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (Loans that we make through certain federal programs are dependent on the Federal Government) Tj ET Q q 0 0 0 rg BT 452.88 178.10 Td (s continuation and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (support of these programs and on our compliance with their requirements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.49 166.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 142.10 Td (e participate in various U.S. Government agency guarantee programs, including programs operated by the Small Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Administration. ) Tj ET Q q 0 0 0 rg BT 117.87 130.10 Td (W) Tj ET Q q 0 0 0 rg BT 126.51 130.10 Td (e are responsible for following all applicable U.S. Government agency regulations, guidelines and policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (whenever we originate loans as part of these guarantee programs. If we fail to follow any applicable regulations, guidelines or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (policies associated with a particular guarantee program, any loans we originate as part of that program may lose the associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (guarantee, exposing us to credit risk to which we would not otherwise have been exposed or underwritten as part of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (origination process for U.S. Government agency guaranteed loans, or result in our inability to continue originating loans under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (such programs. ) Tj ET Q q 0 0 0 rg BT 115.92 70.10 Td (The loss of any guarantees for loans we have extended under U.S. Government agency guarantee programs or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (the loss of our ability to participate in such programs could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 392.76 58.10 Td (fect on our business, financial condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (or results of operations.) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (43) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (In connection with our acquisition of the Disbursement business, we are subject to further substantial federal and state ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (governmental regulation related to the Disbursement business that could change and thus force us to make modifications to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the Disbursement business. Compliance with the various complex laws and regulations is costly and time consuming, and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (failure to comply could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 255.34 694.10 Td (fect on our business. ) Tj ET Q q 0 0 0 rg BT 344.98 694.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 395.17 694.10 Td (, increased regulatory requirements on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (the Disbursement business may increase costs, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 408.15 682.10 Td (fect our business, financial condition ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (and/or operating results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (As a third-party servicer under the ) Tj ET Q q 0 0 0 rg BT 189.77 646.10 Td (T) Tj ET Q q 0 0 0 rg BT 195.52 646.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 221.17 646.10 Td ( regulations, we are directly or indirectly subject to a variety of federal and state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (laws and regulations. Our contracts with most of our higher education institution clients require us to comply with applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (laws and regulations, including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 604.10 Td (T) Tj ET Q q 0 0 0 rg BT 111.81 604.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 137.45 604.10 Td ( of the Higher Education ) Tj ET Q q 0 0 0 rg BT 238.26 604.10 Td (Act of 1965, or ) Tj ET Q q 0 0 0 rg BT 301.68 604.10 Td (T) Tj ET Q q 0 0 0 rg BT 307.43 604.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 332.51 604.10 Td (;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 586.10 Td (the Family Educational Rights and Privacy ) Tj ET Q q 0 0 0 rg BT 279.91 586.10 Td (Act of 1975 \("FERP) Tj ET Q q 0 0 0 rg BT 360.58 586.10 Td (A"\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 568.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 568.10 Td (the USA) Tj ET Q q 0 0 0 rg BT 140.22 568.10 Td ( P) Tj ET Q q 0 0 0 rg BT 147.36 568.10 Td (A) Tj ET Q q 0 0 0 rg BT 153.48 568.10 Td (TRIOT) Tj ET Q q 0 0 0 rg BT 182.73 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.68 568.10 Td (Act and related anti-money laundering requirements and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 550.10 Td (certain federal rules regarding safeguarding personal information, including rules implementing the privacy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 538.10 Td (provisions of Gramm-Leach-Bliley ) Tj ET Q q 0 0 0 rg BT 249.07 538.10 Td (Act of 1999 \("GLBA"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 520.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Higher) Tj ET Q q 0 0 0 rg BT 79.81 490.10 Td ( Education Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Third-Party Servicer) Tj ET Q q 0 0 0 rg BT 134.71 466.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.21 466.10 Td ( Because of the services we provide to some institutions with regard to the handling of ) Tj ET Q q 0 0 0 rg BT 487.78 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 493.54 466.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 519.18 466.10 Td ( funds, we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (are considered a third-party servicer under the ) Tj ET Q q 0 0 0 rg BT 245.55 454.10 Td (T) Tj ET Q q 0 0 0 rg BT 251.31 454.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 276.95 454.10 Td ( regulations. ) Tj ET Q q 0 0 0 rg BT 331.21 454.10 Td (Those regulations require a third-party servicer to submit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (annually a compliance audit conducted by outside independent auditors that cover the servicer) Tj ET Q q 0 0 0 rg BT 427.46 442.10 Td () Tj ET Q q 0 0 0 rg BT 430.24 442.10 Td (s ) Tj ET Q q 0 0 0 rg BT 436.45 442.10 Td (T) Tj ET Q q 0 0 0 rg BT 442.21 442.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 467.85 442.10 Td ( activities. Each year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (we must submit a Compliance ) Tj ET Q q 0 0 0 rg BT 177.48 430.10 Td (Attestation Examination of the ) Tj ET Q q 0 0 0 rg BT 302.83 430.10 Td (T) Tj ET Q q 0 0 0 rg BT 308.58 430.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 334.23 430.10 Td ( Student Financial ) Tj ET Q q 0 0 0 rg BT 408.95 430.10 Td (Assistance Programs audit to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Department of Education \(ED\), which includes a report by an independent audit firm. ) Tj ET Q q 0 0 0 rg BT 406.36 418.10 Td (This yearly compliance audit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (submission to ED provides comfort to our higher education institution clients that we are in compliance with the third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (servicer regulations that may apply to us. ) Tj ET Q q 0 0 0 rg BT 219.50 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 228.13 394.10 Td (e also provide this compliance audit report to clients upon request to help them ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (fulfill their compliance audit obligations as ) Tj ET Q q 0 0 0 rg BT 224.78 382.10 Td (T) Tj ET Q q 0 0 0 rg BT 230.53 382.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 256.18 382.10 Td ( participating institutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Under ED) Tj ET Q q 0 0 0 rg BT 93.60 358.10 Td (s regulations, a third-party servicer that contracts with a ) Tj ET Q q 0 0 0 rg BT 318.90 358.10 Td (T) Tj ET Q q 0 0 0 rg BT 324.65 358.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 350.30 358.10 Td ( institution acts in the nature of a fiduciary in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (administration of ) Tj ET Q q 0 0 0 rg BT 120.92 346.10 Td (T) Tj ET Q q 0 0 0 rg BT 126.67 346.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 152.32 346.10 Td ( programs. ) Tj ET Q q 0 0 0 rg BT 199.54 346.10 Td (Among other requirements, the regulations provide that a third-party servicer is jointly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (and severally liable with its client institution for any liability to ED arising out of the servicer) Tj ET Q q 0 0 0 rg BT 423.62 334.10 Td () Tj ET Q q 0 0 0 rg BT 426.40 334.10 Td (s violation of ) Tj ET Q q 0 0 0 rg BT 481.49 334.10 Td (T) Tj ET Q q 0 0 0 rg BT 487.25 334.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 512.89 334.10 Td ( or its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (implementing regulations, which could subject us to material fines related to acts or omissions of entities beyond our control. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (ED is also empowered to limit, suspend or terminate the violating servicer) Tj ET Q q 0 0 0 rg BT 347.52 310.10 Td () Tj ET Q q 0 0 0 rg BT 350.30 310.10 Td (s eligibility to act as a third-party servicer and to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (impose significant civil penalties on the violating servicer) Tj ET Q q 0 0 0 rg BT 280.78 298.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 274.10 Td (, on behalf of our higher education institution clients, we are required to comply with ED) Tj ET Q q 0 0 0 rg BT 458.97 274.10 Td (s cash management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (regulations regarding payment of financial aid credit balances to students and providing bank accounts to students that may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (used for receiving such payments. In the event ED concluded that we had violated ) Tj ET Q q 0 0 0 rg BT 383.60 250.10 Td (T) Tj ET Q q 0 0 0 rg BT 389.36 250.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 415.00 250.10 Td ( or its implementing regulations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (should be subject to one or more of these sanctions, our business and results of operations could be materially and adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 226.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 89.33 226.10 Td (There is limited enforcement and interpretive history of ) Tj ET Q q 0 0 0 rg BT 314.07 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 319.83 226.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 345.47 226.10 Td ( regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (On May 18, 2015, ED published its Notice of Proposed Rulemaking \("NPRM"\) on program integrity and improvement issues. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (Final rules relating to ) Tj ET Q q 0 0 0 rg BT 138.13 190.10 Td (T) Tj ET Q q 0 0 0 rg BT 143.89 190.10 Td (itle IV) Tj ET Q q 0 0 0 rg BT 169.54 190.10 Td ( cash management were published in the Federal Register on October 30, 2015. ) Tj ET Q q 0 0 0 rg BT 492.04 190.10 Td (The Final Rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (included, among others, provisions related to \(i\) restrictions on the ability of higher education institutions and third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (servicers like we to market financial products to students including sending unsolicited debit cards to students, \(ii\) prohibitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (on the assessment of certain types of account fees on student account holders and \(iii\) requirements related to ) Tj ET Q q 0 0 0 rg BT 489.30 154.10 Td (A) Tj ET Q q 0 0 0 rg BT 495.42 154.10 Td (TM access for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (student account holders that became ef) Tj ET Q q 0 0 0 rg BT 205.03 142.10 Td (fective as of July 1, 2016. ) Tj ET Q q 0 0 0 rg BT 312.51 142.10 Td (Although the complete impact of the Final Rules are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (unknown, there could be a significant negative impact on the Disbursement business and, in turn, our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (FERP) Tj ET Q q 0 0 0 rg BT 75.38 106.10 Td (A.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.55 106.10 Td ( Our higher education institution clients are subject to FERP) Tj ET Q q 0 0 0 rg BT 327.48 106.10 Td (A, which provides, with certain exceptions, that an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (educational institution that receives any federal funding under a program administered by ED may not have a policy or practice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (of disclosing education records or personally identifiable information from education records, other than directory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (information, to third parties without the student) Tj ET Q q 0 0 0 rg BT 242.47 70.10 Td (s or parent) Tj ET Q q 0 0 0 rg BT 287.46 70.10 Td (s written consent. Our higher education institution clients that use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (the Disbursement business services disclose to us certain non-directory information concerning their students, including contact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (information, student identification numbers and the amount of students) Tj ET Q q 0 0 0 rg BT 336.70 46.10 Td ( credit balances. ) Tj ET Q q 0 0 0 rg BT 406.21 46.10 Td (W) Tj ET Q q 0 0 0 rg BT 414.84 46.10 Td (e believe that our higher education ) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (institution clients may disclose this information to us without the students) Tj ET Q q 0 0 0 rg BT 347.57 742.10 Td ( or their parents) Tj ET Q q 0 0 0 rg BT 413.19 742.10 Td ( consent pursuant to one or more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (exceptions under FERP) Tj ET Q q 0 0 0 rg BT 143.52 730.10 Td (A. However) Tj ET Q q 0 0 0 rg BT 194.49 730.10 Td (, if ED asserts that we do not fall into one of these exceptions or if future changes to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (legislation or regulations require student consent before our higher education institution clients can disclose this information to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (us, a sizable number of students may cease using our products and services, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 515.23 706.10 Td (fect our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (business, financial condition and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 670.10 Td (, as we are indirectly subject to FERP) Tj ET Q q 0 0 0 rg BT 249.51 670.10 Td (A, we may not permit the transfer of any personally identifiable information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (to another party other than in a manner in which a higher education institution may disclose it. In the event that we re-disclose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (student information in violation of this requirement, FERP) Tj ET Q q 0 0 0 rg BT 283.50 646.10 Td (A) Tj ET Q q 0 0 0 rg BT 290.17 646.10 Td ( requires our clients to suspend our access to any such information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (for a period of five years. ) Tj ET Q q 0 0 0 rg BT 156.07 634.10 Td (Any such suspension could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 371.93 634.10 Td (fect on our business, financial condition and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (State Laws.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.23 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.05 598.10 Td (W) Tj ET Q q 0 0 0 rg BT 110.68 598.10 Td (e may also be subject to similar state laws and regulations, including those that restrict higher education ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (institutions from disclosing certain personally identifiable information of students. State attorneys general and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (enforcement agencies may monitor our compliance with state and federal laws and regulations that af) Tj ET Q q 0 0 0 rg BT 455.78 574.10 Td (fect our business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (including those pertaining to higher education and banking, and conduct investigations of our business that are time consuming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (and expensive and could result in fines and penalties that have a material adverse ef) Tj ET Q q 0 0 0 rg BT 384.69 550.10 Td (fect on our business, financial condition and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 514.10 Td (, individual state legislatures may propose and enact new laws that restrict or otherwise af) Tj ET Q q 0 0 0 rg BT 458.77 514.10 Td (fect our ability to of) Tj ET Q q 0 0 0 rg BT 538.57 514.10 Td (fer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (our products and services as we currently do, which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 388.85 502.10 Td (fect on our business, financial condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (and results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Reviews performed by the Internal Revenue Service and state taxing authorities for the fiscal years that remain open for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (investigation may result in a change to income taxes recorded in our consolidated financial statements and adversely af) Tj ET Q q 0 0 0 rg BT 541.21 454.10 Td (fect ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (our results of operations. ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 50.00 431.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.90 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 419.90 Td (e are subject to U.S. federal income tax as well as income tax of various states primarily in the mid-Atlantic region of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.90 Td (United States. ) Tj ET Q q 0 0 0 rg BT 110.73 407.90 Td (Y) Tj ET Q q 0 0 0 rg BT 116.95 407.90 Td (ears that remain open for potential review by \(i\)the Internal Revenue Service are 2014 through 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.90 Td (\(ii\)state taxing authorities are 2012 through 2016. ) Tj ET Q q 0 0 0 rg BT 255.88 395.90 Td (The results of these reviews could result in increased recognition of income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.90 Td (tax expense in our consolidated financial statements as well as possible fines and penalties. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 359.90 Td (Our financial results may be adversely af) Tj ET Q q 0 0 0 rg BT 219.25 359.90 Td (fected by changes in U.S. and non-U.S. tax and other laws and regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.90 Td (On December 22, 2017, the 2017 ) Tj ET Q q 0 0 0 rg BT 185.34 335.90 Td (T) Tj ET Q q 0 0 0 rg BT 190.75 335.90 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 260.20 335.90 Td (Act was signed into law) Tj ET Q q 0 0 0 rg BT 355.64 335.90 Td (. ) Tj ET Q q 0 0 0 rg BT 362.96 335.90 Td (The ) Tj ET Q q 0 0 0 rg BT 380.46 335.90 Td (Act, among other things, reduced our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.90 Td (corporate federal tax rate from 35% to 21% ef) Tj ET Q q 0 0 0 rg BT 234.17 323.90 Td (fective January 1, 2018. Because the applicable accounting guidance requires us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.90 Td (to remeasure our deferred tax assets and liabilities through income tax expense using the enacted rate at which we expect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.90 Td (items to be recovered or settled during the period in which the new law was enacted, we recorded an adjustment of $5.5 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.90 Td (in fourth quarter 2017 that increased income tax expense. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.90 Td (Also on December 22, 2017, the SEC released Staf) Tj ET Q q 0 0 0 rg BT 254.21 263.90 Td (f ) Tj ET Q q 0 0 0 rg BT 259.49 263.90 Td (Accounting Bulletin No. 1) Tj ET Q q 0 0 0 rg BT 365.22 263.90 Td (18 to address any uncertainty or diversity in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.90 Td (practice in accounting for the income tax ef) Tj ET Q q 0 0 0 rg BT 223.91 251.90 Td (fects of the ) Tj ET Q q 0 0 0 rg BT 270.28 251.90 Td (Act in situations in which management does not have the necessary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.90 Td (information available, prepared or analyzed in reasonable detail to complete the required accounting during the period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.90 Td (enactment. SAB 1) Tj ET Q q 0 0 0 rg BT 125.17 227.90 Td (18 allows for a measurement period not to extend beyond one year of the ) Tj ET Q q 0 0 0 rg BT 419.53 227.90 Td (Act's enactment date to complete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.90 Td (the necessary accounting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.90 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 191.90 Td (e are currently analyzing the income tax ef) Tj ET Q q 0 0 0 rg BT 229.20 191.90 Td (fects of all of the provisions included in the ) Tj ET Q q 0 0 0 rg BT 405.00 191.90 Td (Act and will record adjustments to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.90 Td (income tax expense during the period in which the information becomes available, but not to extend beyond December 22, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.90 Td (2018. ) Tj ET Q q 0 0 0 rg BT 77.32 167.90 Td (T) Tj ET Q q 0 0 0 rg BT 82.73 167.90 Td (o the extent further write-downs are required on our net deferred tax asset, our financial condition and results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.90 Td (operations could be materially and adversely af) Tj ET Q q 0 0 0 rg BT 239.19 155.90 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 131.90 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 131.90 Td (e are subject to heightened regulatory requirements because we previously exceeded $10 billion in assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.90 Td (At June 30, 2017, and September 30, 2017, our total assets were $10.9 billion and $10.5 billion, respectively) Tj ET Q q 0 0 0 rg BT 483.72 97.90 Td (. ) Tj ET Q q 0 0 0 rg BT 491.04 97.90 Td (The Dodd-Frank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.90 Td (Act and its implementing regulations impose various additional requirements on bank holding companies with $10 billion or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.90 Td (more in total assets, including compliance with portions of the Federal Reserve) Tj ET Q q 0 0 0 rg BT 369.37 73.90 Td (s enhanced prudential oversight requirements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.90 Td (and annual stress testing requirements. In addition, banks with $10 billion or more in total assets are also supervised by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.90 Td (Consumer Financial Protection Bureau with respect to various federal consumer financial protection laws and regulations. ) Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 87.68 742.10 Td (, we are subject to regulations adopted by the CFPB and the Federal Reserve, and both the Federal Reserve and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (CFPB are responsible for examining our bank) Tj ET Q q 0 0 0 rg BT 236.64 730.10 Td (s compliance with consumer protection laws and those CFPB regulations. Since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (the CFPB is a relatively new agency with evolving regulations and practices, there is uncertainty as to how the CFPB) Tj ET Q q 0 0 0 rg BT 522.12 718.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (examination and regulatory authority might impact our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.10 Td (Compliance with these requirements may necessitate that we hire additional compliance or other personnel, design and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (implement additional internal controls, or incur other significant expenses, any of which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 534.38 672.10 Td (fect on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (our business, financial condition or results of operations. Compliance with the annual stress testing requirements, part of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (must be publicly disclosed, may also be misinterpreted by the market generally or our customers and, as a result, may adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 636.10 Td (fect our stock price or our ability to retain our customers or ef) Tj ET Q q 0 0 0 rg BT 304.55 636.10 Td (fectively compete for new business opportunities. ) Tj ET Q q 0 0 0 rg BT 508.20 636.10 Td (T) Tj ET Q q 0 0 0 rg BT 513.61 636.10 Td (o ensure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.10 Td (compliance with these heightened requirements when ef) Tj ET Q q 0 0 0 rg BT 274.74 624.10 Td (fective, our regulators may require us to fully comply with these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (requirements or take actions to prepare for compliance even before we are required to do so. ) Tj ET Q q 0 0 0 rg BT 423.73 612.10 Td (As a result, we may incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td (compliance-related costs before we might otherwise be required, including if we do not continue to grow at the rate we expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (or at all. Our regulators may also consider our preparation for compliance with these regulatory requirements when examining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.10 Td (our operations generally or considering any request for regulatory approval we may make, even requests for approvals on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.10 Td (unrelated matters.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 540.10 Td (Risks Relating to Our) Tj ET Q q 0 0 0 rg BT 142.88 540.10 Td ( Securities) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 516.7669921875 m 230.7568359375 516.7669921875 l s q 0 0 0 rg BT 50.00 518.10 Td (Risks Relating to Our ) Tj ET Q q 0 0 0 rg BT 139.26 518.10 Td (V) Tj ET Q q 0 0 0 rg BT 145.20 518.10 Td (oting Common Stock) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (The trading volume in our common stock may generally be less than that of other larger financial services companies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.10 Td (Although the shares of our common stock are listed on the New ) Tj ET Q q 0 0 0 rg BT 307.35 474.10 Td (Y) Tj ET Q q 0 0 0 rg BT 313.57 474.10 Td (ork Stock Exchange, the trading volume in our common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.10 Td (may generally be less than that of many other lar) Tj ET Q q 0 0 0 rg BT 245.03 462.10 Td (ger financial services companies. ) Tj ET Q q 0 0 0 rg BT 382.20 462.10 Td (A) Tj ET Q q 0 0 0 rg BT 388.87 462.10 Td ( public trading market having the desired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.10 Td (characteristics of depth, liquidity and orderliness depends upon the presence in the marketplace of willing buyers and sellers of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.10 Td (our common stock at any given time, which presence will be dependent upon the individual decisions of investors, over which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.10 Td (we have no control. Illiquidity of the stock market, or in the trading of our common stock on the New ) Tj ET Q q 0 0 0 rg BT 460.92 426.10 Td (Y) Tj ET Q q 0 0 0 rg BT 467.14 426.10 Td (ork Stock Exchange, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 178.92 414.10 Td (fect on the value of your shares, particularly if significant sales of our common stock, or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.10 Td (expectation of significant sales, were to occur) Tj ET Q q 0 0 0 rg BT 232.43 402.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 380.10 Td (e do not expect to pay cash dividends on our common stock in the foreseeable future, and our ability to pay dividends is ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 368.10 Td (subject to regulatory limitations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 346.10 Td (e have not historically declared nor paid cash dividends on our common stock, and we do not expect to do so in the near ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (future. ) Tj ET Q q 0 0 0 rg BT 80.83 334.10 Td (Any future determination relating to dividend policy will be made at the discretion of our board of directors and will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (depend on a number of factors, including earnings and financial condition, liquidity and capital requirements, the general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (economic and regulatory climate, the ability to service any equity or debt obligations senior to the common stock, our planned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (growth in assets and other factors deemed relevant by the board of directors. ) Tj ET Q q 0 0 0 rg BT 360.55 298.10 Td (W) Tj ET Q q 0 0 0 rg BT 369.18 298.10 Td (e must be current in the payment of dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (to holders of our Series C, Series D, Series E and Series F Preferred Stock before any dividends can be paid on our common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (In addition, as a bank holding company) Tj ET Q q 0 0 0 rg BT 207.37 252.10 Td (, we are subject to general regulatory restrictions on the payment of cash and in-kind ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (dividends. Federal bank regulatory agencies have the authority to prohibit bank holding companies from engaging in unsafe or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (unsound practices in conducting their business, which, depending on the financial condition and liquidity of the holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (company at the time, could include the payment of dividends. Further) Tj ET Q q 0 0 0 rg BT 330.92 216.10 Td (, various federal and state statutory provisions limit the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (amount of dividends that our bank subsidiary can pay to us as its holding company without regulatory approval. See Market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (Price of Common Stock and Dividends Dividends on Common Stock below for further detail regarding restrictions on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (ability to pay dividends.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 158.10 Td (e may issue additional shares of our common stock in the future which could adversely af) Tj ET Q q 0 0 0 rg BT 426.60 158.10 Td (fect the value or voting power of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (our outstanding common stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (Actual or anticipated issuances or sales of substantial amounts of our common stock in the future could cause the value of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (common stock to decline significantly and make it more dif) Tj ET Q q 0 0 0 rg BT 288.37 112.10 Td (ficult for us to sell equity or equity-related securities in the future at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (a time and on terms that we deem appropriate. ) Tj ET Q q 0 0 0 rg BT 240.03 100.10 Td (The issuance of any shares of our common stock in the future also would, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (equity-related securities could, dilute the percentage ownership interest held by shareholders prior to such issuance. ) Tj ET Q q 0 0 0 rg BT 516.52 88.10 Td (Actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (issuances of our common stock could also significantly dilute the voting power of the common stock. ) Tj ET Q endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 742.10 Td (e have also made grants of restricted stock units and stock options with respect to shares of our common stock to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (directors and certain team members. ) Tj ET Q q 0 0 0 rg BT 200.03 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 208.67 730.10 Td (e may also issue further equity-based awards in the future. ) Tj ET Q q 0 0 0 rg BT 446.38 730.10 Td (As such shares are issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (upon vesting and as such options may be exercised and the underlying shares are or become freely tradeable, the value or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (voting power of our common stock may be adversely af) Tj ET Q q 0 0 0 rg BT 273.37 706.10 Td (fected, and our ability to sell more equity or equity-related securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (could also be adversely af) Tj ET Q q 0 0 0 rg BT 153.67 694.10 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (Except for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.42 672.10 Td (35,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.92 672.10 Td ( warrants held by certain investors at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.60 672.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.18 672.10 Td (, we are not required to issue any additional equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (securities to existing holders of our common stock on a preemptive basis. ) Tj ET Q q 0 0 0 rg BT 348.65 660.10 Td (Therefore, additional common stock issuances, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (directly or through convertible or exchangeable securities, warrants or options, will generally dilute the holdings of our existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td (holders of common stock, and such issuances or the perception of such issuances may reduce the market price of our common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.10 Td (stock. Our outstanding preferred stock has preference on distribution payments, periodically or upon liquidation, which could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (eliminate or otherwise limit our ability to make distributions to holders of our common stock. Because our decision to issue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td (debt or equity securities or incur other borrowings in the future will depend on market conditions and other factors beyond our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.10 Td (control, the amount, timing, nature or success of our future capital-raising ef) Tj ET Q q 0 0 0 rg BT 355.28 588.10 Td (forts is uncertain. ) Tj ET Q q 0 0 0 rg BT 429.80 588.10 Td (Thus, holders of our common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.10 Td (stock bear the risk that our future issuances of debt or equity securities or our incurrence of other borrowings will negatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 564.10 Td (fect the value of our common stock.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (Future issuances of debt securities, which would rank senior to our common stock upon our liquidation, and future ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 530.10 Td (issuances of equity securities, which would dilute the holdings of our existing holders of common stock and may be senior to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 518.10 Td (our common stock for the purposes of making distributions, periodically or upon liquidation, may negatively af) Tj ET Q q 0 0 0 rg BT 506.80 518.10 Td (fect the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 506.10 Td (market price of our common stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (In the future, we may issue debt or equity securities or incur other borrowings. Upon our liquidation, holders of our debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (securities and other loans and preferred stock will receive a distribution of our available assets before holders of our common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (stock. If we incur debt in the future, our future interest costs could increase and adversely af) Tj ET Q q 0 0 0 rg BT 420.52 460.10 Td (fect our liquidity) Tj ET Q q 0 0 0 rg BT 487.08 460.10 Td (, cash flows and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 426.10 Td (Provisions in our articles of incorporation and bylaws may inhibit a takeover of us, which could discourage transactions ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (that would otherwise be in the best interests of our shareholders and could entrench management.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (Provisions of our articles of incorporation and bylaws and applicable provisions of Pennsylvania law and the federal Change in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (Bank Control ) Tj ET Q q 0 0 0 rg BT 106.11 380.10 Td (Act may delay) Tj ET Q q 0 0 0 rg BT 163.77 380.10 Td (, inhibit or prevent someone from gaining control of our business through a tender of) Tj ET Q q 0 0 0 rg BT 503.24 380.10 Td (fer) Tj ET Q q 0 0 0 rg BT 513.94 380.10 Td (, business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.10 Td (combination, proxy contest or some other method even though some of our shareholders might believe a change in control is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (desirable. ) Tj ET Q q 0 0 0 rg BT 93.41 356.10 Td (They might also increase the costs of completing a transaction in which we acquire another financial services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (business, mer) Tj ET Q q 0 0 0 rg BT 104.26 344.10 Td (ge with another financial institution or sell our business to another financial institution. ) Tj ET Q q 0 0 0 rg BT 457.07 344.10 Td (These increased costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (could reduce the value of the shares held by our shareholders upon completion of these types of transactions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Shareholders may be deemed to be acting in concert or otherwise in control of us and our bank subsidiaries, which could ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (impose prior approval requirements and result in adverse regulatory consequences for such holders.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 276.10 Td (e are a bank holding company regulated by the Federal Reserve. ) Tj ET Q q 0 0 0 rg BT 319.93 276.10 Td (Any entity \(including a group composed of natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (persons\) owning 25% or more of a class of our outstanding shares of voting stock, or a lesser percentage if such holder or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (group otherwise exercises a controlling influence over us, may be subject to regulation as a bank holding company in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (accordance with the Bank Holding Company ) Tj ET Q q 0 0 0 rg BT 232.18 240.10 Td (Act of 1956, as amended \(the BHCA\). In addition, \(i\)any bank holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (company or foreign bank with a U.S. presence is required to obtain the approval of the Federal Reserve under the BHCA) Tj ET Q q 0 0 0 rg BT 533.19 228.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (acquire or retain 5% or more of a class of our outstanding shares of voting stock and \(ii\)any person other than a bank holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (company may be required to obtain prior regulatory approval under the Change in Bank Control ) Tj ET Q q 0 0 0 rg BT 436.84 204.10 Td (Act to acquire or retain 10% or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (more of our outstanding shares of voting stock. ) Tj ET Q q 0 0 0 rg BT 243.31 192.10 Td (Any shareholder that is deemed to control the company for bank regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (purposes would become subject to prior approval requirements and ongoing regulation and supervision. Such a holder may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (required to divest amounts equal to or exceeding 5% of the voting shares of investments that may be deemed incompatible with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (bank holding company status, such as an investment in a company engaged in non-financial activities. Regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (determination of control of a depository institution or holding company is based on all of the relevant facts and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (circumstances. Potential investors are advised to consult with their legal counsel regarding the applicable regulations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (Our common stock owned by holders determined by a bank regulatory agency to be acting in concert would be aggregated for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.10 Td (purposes of determining whether those holders have control of a bank or bank holding company) Tj ET Q q 0 0 0 rg BT 433.70 86.10 Td (. Each shareholder obtaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td (control that is a company would be required to register as a bank holding company) Tj ET Q q 0 0 0 rg BT 389.25 74.10 Td (. Acting in concert generally means ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (knowing participation in a joint activity or parallel action towards the common goal of acquiring control of a bank or a parent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.10 Td (company) Tj ET Q q 0 0 0 rg BT 86.01 50.10 Td (, whether or not pursuant to an express agreement. ) Tj ET Q q 0 0 0 rg BT 292.43 50.10 Td (The manner in which this definition is applied in individual ) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (circumstances can vary and cannot always be predicted with certainty) Tj ET Q q 0 0 0 rg BT 328.40 742.10 Td (. Many factors can lead to a finding of acting in concert, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (including where: \(i\)the shareholders are commonly controlled or managed; \(ii\)the shareholders are parties to an oral or written ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (agreement or understanding regarding the acquisition, voting or transfer of control of voting securities of a bank or bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (holding company; \(iii\)the shareholders each own stock in a bank and are also management of) Tj ET Q q 0 0 0 rg BT 425.53 706.10 Td (ficials, controlling shareholders, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (partners or trustees of another company or \(iv\)both a shareholder and a controlling shareholder) Tj ET Q q 0 0 0 rg BT 431.69 694.10 Td (, partner) Tj ET Q q 0 0 0 rg BT 464.60 694.10 Td (, trustee or management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 682.10 Td (ficial of such shareholder own equity in the bank or bank holding company) Tj ET Q q 0 0 0 rg BT 357.98 682.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (The FDIC) Tj ET Q q 0 0 0 rg BT 95.65 660.10 Td (s policy statement imposing restrictions and criteria on private investors in failed bank acquisitions will apply to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (us and our investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.28 626.10 Td (August2009, the FDIC issued a policy statement imposing restrictions and criteria on private investors in failed bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 105.09 614.10 Td (The policy statement is broad in scope and both complex and potentially ambiguous in its application. In most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (cases, it would apply to an investor with more than 5% of the total voting power of an acquired depository institution or its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (holding company; but in certain circumstances, it could apply to investors holding fewer voting shares. ) Tj ET Q q 0 0 0 rg BT 466.95 590.10 Td (The policy statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (will be applied to us if we make additional failed bank acquisitions from the FDIC or if the FDIC changes its interpretation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (the policy statement or determines at some future date that it should be applied because of our circumstances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (Investors subject to the policy statement could be prohibited from selling or transferring their interests for three years. ) Tj ET Q q 0 0 0 rg BT 526.35 544.10 Td (They ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (also would be required to provide the FDIC with information about the investor and all entities in the investor) Tj ET Q q 0 0 0 rg BT 489.73 532.10 Td () Tj ET Q q 0 0 0 rg BT 492.50 532.10 Td (s ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (chain, including information on the size of the capital fund or funds, its diversification, its return profile, its marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (documents, and its management team and business model. Investors owning 80% or more of two or more banks or savings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (associations would be required to pledge their proportionate interests in each institution to cross-guarantee the FDIC against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (losses to the Deposit Insurance Fund.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (Under the policy statement, the FDIC also could prohibit investment through ownership structures involving multiple ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (investment vehicles that are owned or controlled by the same parent company) Tj ET Q q 0 0 0 rg BT 360.63 448.10 Td (. Investors that directly or indirectly hold 10% or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (more of the equity of a bank or savings association in receivership also would not be eligible to bid to become investors in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (deposit liabilities of that failed institution. In addition, an investor using ownership structures with entities that are domiciled in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (bank-secrecy jurisdictions would not be eligible to own a direct or indirect interest in an insured depository institution unless ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (the investor) Tj ET Q q 0 0 0 rg BT 97.30 400.10 Td () Tj ET Q q 0 0 0 rg BT 100.08 400.10 Td (s parent company is subject to comprehensive consolidated supervision as recognized by the Federal Reserve, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (the investor enters into certain agreements with the U.S. bank regulators regarding access to information, maintenance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (records and compliance with U.S. banking laws and regulations. If the policy statement applies, we \(including any failed bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (we acquire\) could be required to maintain a ratio of ) Tj ET Q q 0 0 0 rg BT 258.07 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 263.82 364.10 Td (ier 1 common equity to total assets of at least 10% for a period of three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (years and thereafter maintain a capital level suf) Tj ET Q q 0 0 0 rg BT 238.89 352.10 Td (ficient to be well capitalized under regulatory standards during the remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (period of ownership of the investors. Bank subsidiaries also may be prohibited from extending any new credit to investors that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (own at least 10% of our equity) Tj ET Q q 0 0 0 rg BT 172.10 328.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 302.7669921875 m 541.85546875 302.7669921875 l s q 0 0 0 rg BT 50.00 304.10 Td (Risks Relating to Our Fixed-to-Floating-Rate Non-Cumulative Perpetual Preferred Stock, Series C, Series D, Series E and ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 290.7669921875 m 85 290.7669921875 l s q 0 0 0 rg BT 50.00 292.10 Td (Series F ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (The shares of our Series C, Series D, Series E and Series F) Tj ET Q q 0 0 0 rg BT 293.18 268.10 Td ( Preferred Stock are equity securities and are subordinate to our ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (existing and future indebtedness.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (The shares of Series C, Series D, Series E and Series F Preferred Stock are equity interests in Customers Bancorp and do not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (constitute indebtedness of Customers Bancorp or any of our subsidiaries and rank junior to all of our existing and future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (indebtedness and other non-equity claims with respect to assets available to satisfy claims against us, including claims in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (event of our liquidation. If we are forced to liquidate our assets to pay our creditors, we may not have suf) Tj ET Q q 0 0 0 rg BT 472.74 196.10 Td (ficient funds to pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (amounts due on any or all of the Series C, Series D, Series E and Series F Preferred Stock then outstanding. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 160.10 Td (e may not pay dividends on the shares of Series C, Series D, Series E and Series F) Tj ET Q q 0 0 0 rg BT 394.93 160.10 Td ( Preferred Stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (Dividends on the shares of Series C, Series D, Series E and Series F Preferred Stock are payable only if declared by our board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (of directors or a duly authorized committee of the board. ) Tj ET Q q 0 0 0 rg BT 281.04 124.10 Td (As a bank holding company) Tj ET Q q 0 0 0 rg BT 392.59 124.10 Td (, we are subject to general regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (restrictions on the payment of cash dividends. Federal bank regulatory agencies have the authority to prohibit bank holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (companies from engaging in unsafe or unsound practices in conducting their business, which, depending on the financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (condition and liquidity of the holding company at the time, could include the payment of dividends. Further) Tj ET Q q 0 0 0 rg BT 483.13 88.10 Td (, various federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (and state statutory provisions limit the amount of dividends that our bank subsidiary can pay to us as its holding company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (without regulatory approval.) Tj ET Q endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (48) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Dividends on the shares of Series C, Series D, Series E and Series F) Tj ET Q q 0 0 0 rg BT 329.57 742.25 Td ( Preferred Stock are non-cumulative.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Dividends on the shares of Series C, Series D, Series E and Series F Preferred Stock are payable only when, as and if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (authorized and declared by our board of directors or a duly authorized committee of the board. Consequently) Tj ET Q q 0 0 0 rg BT 487.53 706.25 Td (, if our board of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (directors or a duly authorized committee of the board does not authorize and declare a dividend for any dividend period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (holders of the Series C, Series D, Series E and Series F Preferred Stock will not be entitled to receive any such dividend, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (such unpaid dividend will cease to accrue or be payable. If we do not declare and pay dividends on the Series C, Series D, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Series E and Series F Preferred Stock, the market prices of the shares of Series C, Series D, Series E and Series F Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (Stock may decline.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (Our ability to pay dividends on the shares of Series C, Series D, Series E and Series F) Tj ET Q q 0 0 0 rg BT 401.79 622.25 Td ( Preferred Stock is dependent on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (dividends and distributions we receive from our subsidiaries, which are subject to regulatory and other limitations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (Our principal source of cash flow is dividends from Customers Bank. ) Tj ET Q q 0 0 0 rg BT 332.82 586.25 Td (W) Tj ET Q q 0 0 0 rg BT 341.46 586.25 Td (e cannot assure you that Customers Bank will, in any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (circumstances, pay dividends to us. If Customers Bank fails to make dividend payments or other permitted distributions to us, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (and suf) Tj ET Q q 0 0 0 rg BT 78.98 562.25 Td (ficient cash is not otherwise available, we may not be able to make dividend payments on the Series C, Series D, Series ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (E and Series F Preferred Stock. ) Tj ET Q q 0 0 0 rg BT 180.34 550.25 Td (V) Tj ET Q q 0 0 0 rg BT 186.46 550.25 Td (arious federal and state statutes, regulations and rules limit, directly or indirectly) Tj ET Q q 0 0 0 rg BT 507.65 550.25 Td (, the amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (of dividends that our banking and other subsidiaries may pay to us without regulatory approval. In particular) Tj ET Q q 0 0 0 rg BT 486.16 538.25 Td (, dividend and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (other distributions from Customers Bank to us would require notice to or approval of the applicable regulatory authority) Tj ET Q q 0 0 0 rg BT 530.07 526.25 Td (. ) Tj ET Q q 0 0 0 rg BT 537.39 526.25 Td (There ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (can be no assurances that we would receive such approval.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (In addition, our right to participate in any distribution of assets of any of our subsidiaries upon the subsidiary) Tj ET Q q 0 0 0 rg BT 488.54 490.25 Td (s liquidation or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (otherwise, and, as a result, the ability of a holder of Series C, Series D, Series E and Series F Preferred Stock to benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (indirectly from such distribution, will be subject to the prior claims of preferred equity holders and creditors of that subsidiary) Tj ET Q q 0 0 0 rg BT 553.67 466.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (except to the extent that any of our claims as a creditor of such subsidiary may be recognized. ) Tj ET Q q 0 0 0 rg BT 429.32 454.25 Td (As a result, shares of the Series ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (C, Series D, Series E and Series F Preferred Stock are ef) Tj ET Q q 0 0 0 rg BT 275.59 442.25 Td (fectively subordinated to all existing and future liabilities and any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (outstanding preferred equity of our subsidiaries.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (Holders of Series C, Series D, Series E and Series F) Tj ET Q q 0 0 0 rg BT 263.72 406.25 Td ( Preferred Stock should not expect us to redeem their shares when they ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (first become redeemable at our option or on any particular date thereafter) Tj ET Q q 0 0 0 rg BT 353.60 394.25 Td (, and our ability to redeem the shares will be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (subject to the prior approval of the Federal Reserve.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (Our Series C, Series D, Series E and Series F Preferred Stock are perpetual equity securities, meaning that they have no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (maturity date or mandatory redemption date, and the shares are not redeemable at the option of the holders thereof. ) Tj ET Q q 0 0 0 rg BT 514.28 346.25 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (determination we make at any time to propose a redemption of the Series C, Series D, Series E and Series F Preferred Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (will depend upon a number of factors, including our evaluation of our capital position, the composition of our shareholders) Tj ET Q q 0 0 0 rg BT 544.69 322.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (equity and general market conditions at that time. In addition, our right to redeem the Series C, Series D, Series E and Series F ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (Preferred Stock is subject to any limitations established by the Federal Reserve. Under the Federal Reserve) Tj ET Q q 0 0 0 rg BT 483.49 298.25 Td (s risk-based capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (guidelines applicable to bank holding companies, any redemption of the Series C, Series D, Series E and Series F Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (Stock is subject to prior approval of the Federal Reserve. ) Tj ET Q q 0 0 0 rg BT 282.53 274.25 Td (There can be no assurance that the Federal Reserve will approve any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (such redemption.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 238.25 Td (e may be able to redeem the Series C, Series D, Series E and Series F) Tj ET Q q 0 0 0 rg BT 342.11 238.25 Td ( Preferred Stock before their initial redemption dates ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (upon a regulatory capital treatment event.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 202.25 Td (e may be able to redeem the Series C, Series D, Series E and Series F Preferred Stock before their respective initial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (redemption dates, in whole but not in part, upon the occurrence of certain events involving the capital treatment of the Series C, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (Series D, Series E and Series F Preferred Stock, as applicable. In particular) Tj ET Q q 0 0 0 rg BT 352.28 178.25 Td (, upon our determination in good faith that an event ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (has occurred that would constitute a regulatory capital treatment event, with respect to a particular series of the preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (stock, we may redeem that particular series of securities in whole, but not in part, upon the prior approval of the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (Reserve.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (Holders of Series C, Series D, Series E and Series F) Tj ET Q q 0 0 0 rg BT 263.72 118.25 Td ( Preferred stock have limited voting rights.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (Holders of Series C, Series D, Series E and Series F Preferred Stock have no voting rights with respect to matters that generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (require the approval of voting shareholders. However) Tj ET Q q 0 0 0 rg BT 266.19 82.25 Td (, holders of Series C, Series D, Series E and Series F Preferred Stock will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (have the right to vote in the event of non-payments of dividends under certain circumstances, with respect to authorizing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (classes or series of preferred stock senior to the Series C, Series D, Series E and Series F Preferred Stock, as applicable, and ) Tj ET Q endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (with respect to certain fundamental changes in the terms of the Series C, Series D, Series E and Series F Preferred Stock, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (applicable, or as otherwise required by law) Tj ET Q q 0 0 0 rg BT 221.23 730.10 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (General market conditions and unpredictable factors could adversely af) Tj ET Q q 0 0 0 rg BT 344.80 706.10 Td (fect market prices for the Series C, Series D, Series ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (E and Series F) Tj ET Q q 0 0 0 rg BT 111.22 694.10 Td ( Preferred Stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (There can be no assurance regarding the market prices for the Series C, Series D, Series E and Series F Preferred Stock. ) Tj ET Q q 0 0 0 rg BT 533.73 670.10 Td (A) Tj ET Q q 0 0 0 rg BT 540.40 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (variety of factors, many of which are beyond our control, could influence the market prices, including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 634.10 Td (whether we declare or fail to declare dividends on the series of preferred stock from time to time;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 610.10 Td (our operating performance, financial condition and prospects or the operating performance, financial condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 598.10 Td (and prospects of our competitors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 574.10 Td (real or anticipated changes in the credit ratings \(if any\) assigned to the Series C, Series D, Series E and Series F ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 562.10 Td (Preferred Stock or our other securities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 538.10 Td (our creditworthiness;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 514.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 514.10 Td (changes in interest rates and expectations regarding changes in rates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 490.10 Td (our issuance of additional preferred equity;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 466.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 466.10 Td (the market for similar securities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 442.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 442.10 Td (developments in the securities, credit and housing markets, and developments with respect to financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 430.10 Td (institutions generally and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 406.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 406.10 Td (economic, financial, corporate, securities market, geopolitical, regulatory or judicial events that af) Tj ET Q q 0 0 0 rg BT 497.93 406.10 Td (fect us, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 394.10 Td (banking industry or the financial markets generally) Tj ET Q q 0 0 0 rg BT 309.78 394.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (The Series C, Series D, Series E and Series F) Tj ET Q q 0 0 0 rg BT 236.22 370.10 Td ( Preferred Stock may not have an active trading market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (Although the shares of Series C, Series D, Series E and Series F Preferred Stock are listed on the New ) Tj ET Q q 0 0 0 rg BT 460.64 346.10 Td (Y) Tj ET Q q 0 0 0 rg BT 466.87 346.10 Td (ork Stock Exchange, an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (active trading market may not be established or maintained for the shares, and transaction costs could be high. ) Tj ET Q q 0 0 0 rg BT 495.15 334.10 Td (As a result, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 322.10 Td (ference between bid and ask prices in any secondary market could be substantial. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (The Series C, Series D, Series E and Series F) Tj ET Q q 0 0 0 rg BT 236.22 298.10 Td ( Preferred Stock may be junior or equal in rights and preferences to preferred ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (stock we may issue in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Our Series C, Series D, Series E and Series F Preferred Stock rank equally) Tj ET Q q 0 0 0 rg BT 347.33 262.10 Td (. ) Tj ET Q q 0 0 0 rg BT 354.28 262.10 Td (Although we do not currently have outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (preferred stock that ranks senior to the Series C, Series D, Series E and Series F Preferred Stock, the Series C, Series D, Series ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (E and Series F Preferred Stock may rank junior to other preferred stock we may issue in the future that by its terms is expressly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (senior in rights and preferences to the Series C, Series D, Series E and Series F Preferred Stock, although the af) Tj ET Q q 0 0 0 rg BT 495.53 226.10 Td (firmative vote ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (or consent of the holders of at least two-thirds of all outstanding shares of the af) Tj ET Q q 0 0 0 rg BT 369.46 214.10 Td (fected class of preferred stock is required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (issue any shares of stock ranking senior in rights and preferences to such class. ) Tj ET Q q 0 0 0 rg BT 369.92 202.10 Td (Any preferred stock that ranks senior to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (Series C, Series D, Series E and Series F Preferred Stock in the future would have priority in payment of dividends and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (making of distributions in the event of any liquidation, dissolution or winding up of Customers Bancorp. ) Tj ET Q q 0 0 0 rg BT 473.02 178.10 Td (Additional issuances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (by us of preferred stock ranking equally with Series C, Series D, Series E and Series F Preferred Stock do not generally require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (the approval of holders of the Series C, Series D, Series E and Series F Preferred Stock.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 128.76699218750002 m 200.8154296875 128.76699218750002 l s q 0 0 0 rg BT 50.00 130.10 Td (Risks Relating to Our Debt Securities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (Our 6.375% Senior Notes, 4.625% Senior Notes and 3.95% Senior Notes contain limited covenants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (The terms of our 6.375% Senior Notes, 4.625% Senior Notes and 3.95% Senior Notes generally do not prohibit us from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (incurring additional debt or other liabilities. If we incur additional debt or liabilities, our ability to pay our obligations on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (6.375% Senior Notes, 4.625% Senior Notes and 3.95% Senior Notes could be adversely af) Tj ET Q q 0 0 0 rg BT 412.80 58.10 Td (fected. In addition, the terms of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (6.375% Senior Notes, 4.625% Senior Notes and 3.95% Senior Notes do not require us to maintain any financial ratios or ) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (specific levels of net worth, revenues, income, cash flows or liquidity and, accordingly) Tj ET Q q 0 0 0 rg BT 396.47 742.10 Td (, do not protect holders of those notes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the event that we experience material adverse changes in our financial condition or results of operations. Holders of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (6.375% Senior Notes, 4.625% Senior Notes and 3.95% Senior Notes also have limited protection in the event of a highly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (leveraged transaction, reor) Tj ET Q q 0 0 0 rg BT 156.15 706.10 Td (ganization, default under our existing indebtedness, restructuring, mer) Tj ET Q q 0 0 0 rg BT 436.45 706.10 Td (ger or similar transaction. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Our ability to make interest and principal payments on the 6.375% Senior Notes, 4.625% Senior Notes and 3.95% Senior ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Notes is dependent on dividends and distributions we receive from our subsidiaries, which are subject to regulatory and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (other limitations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Our principal source of cash flow is dividends from Customers Bank. ) Tj ET Q q 0 0 0 rg BT 332.82 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 341.46 634.10 Td (e cannot assure you that Customers Bank will, in any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (circumstances, pay dividends to us. If Customers Bank fails to make dividend payments to us, and suf) Tj ET Q q 0 0 0 rg BT 460.30 622.10 Td (ficient cash is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (otherwise available, we may not be able to make interest and principal payments on the 6.375% Senior Notes, 4.625% Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Notes and 3.95% Senior Notes. ) Tj ET Q q 0 0 0 rg BT 180.36 598.10 Td (V) Tj ET Q q 0 0 0 rg BT 186.47 598.10 Td (arious federal and state statutes, regulations and rules limit, directly or indirectly) Tj ET Q q 0 0 0 rg BT 507.67 598.10 Td (, the amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (of dividends that our banking and other subsidiaries may pay to us without regulatory approval. In particular) Tj ET Q q 0 0 0 rg BT 486.16 586.10 Td (, dividend and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (other distributions from Customers Bank to us would require notice to or approval of the applicable regulatory authority) Tj ET Q q 0 0 0 rg BT 530.07 574.10 Td (. ) Tj ET Q q 0 0 0 rg BT 537.39 574.10 Td (There ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (can be no assurances that we would receive such approval.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (In addition, our right to participate in any distribution of assets of any of our subsidiaries upon the subsidiary) Tj ET Q q 0 0 0 rg BT 488.54 538.10 Td (s liquidation or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (otherwise, and, as a result, the ability of a holder of the 6.375% Senior Notes, 4.625% Senior Notes and 3.95% Senior Notes to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (benefit indirectly from such distribution will be subject to the prior claims of preferred equity holders and creditors of that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 90.46 502.10 Td (, except to the extent that any of our claims as a creditor of such subsidiary may be recognized. ) Tj ET Q q 0 0 0 rg BT 474.78 502.10 Td (As a result, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (6.375% Senior Notes, 4.625% Senior Notes and 3.95% Senior Notes are ef) Tj ET Q q 0 0 0 rg BT 350.04 490.10 Td (fectively subordinated to all existing and future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (liabilities and any outstanding preferred equity of our subsidiaries.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 454.10 Td (e may not be able to generate suf) Tj ET Q q 0 0 0 rg BT 193.23 454.10 Td (ficient cash to service our debt obligations, including our obligations under the 6.375% ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Senior Notes, 4.625% Senior Notes and 3.95% Senior Notes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Our ability to make payments on and to refinance our indebtedness, including the 6.375% Senior Notes, 4.625% Senior Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (and 3.95% Senior Notes will depend on our financial and operating performance, including dividends payable to us from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Customers Bank, which are subject to prevailing economic and competitive conditions and to certain financial, business and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (other factors beyond our control. ) Tj ET Q q 0 0 0 rg BT 186.17 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 194.80 382.10 Td (e may be unable to maintain a level of cash flows from operating activities suf) Tj ET Q q 0 0 0 rg BT 507.86 382.10 Td (ficient to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (permit us to pay the principal, premium, if any) Tj ET Q q 0 0 0 rg BT 235.97 370.10 Td (, and interest on our indebtedness, including the notes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (If our cash flows and capital resources and dividends from Customers Bank are insuf) Tj ET Q q 0 0 0 rg BT 390.00 346.10 Td (ficient to fund our debt service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (obligations, we may be unable to provide new loans, other products or to fund our obligations to existing customers and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (otherwise implement our business plans. ) Tj ET Q q 0 0 0 rg BT 216.92 322.10 Td (As a result, we may be unable to meet our scheduled debt service obligations. In the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (absence of suf) Tj ET Q q 0 0 0 rg BT 107.02 310.10 Td (ficient operating results and resources, we could face substantial liquidity problems and might be required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (dispose of material assets or operations to meet our debt service and other obligations or seek to restructure our indebtedness, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (including the notes. ) Tj ET Q q 0 0 0 rg BT 133.42 286.10 Td (W) Tj ET Q q 0 0 0 rg BT 142.06 286.10 Td (e may not be able to consummate these transactions, and these proceeds may not be adequate to meet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (our debt service obligations then due. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (The 6.375% Senior Notes, 4.625% Senior Notes and 3.95% Senior Notes are our unsecured obligations. ) Tj ET Q q 0 0 0 rg BT 471.13 250.10 Td (The 6.375% Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (Notes, 4.625% Senior Notes and 3.95% Senior Notes will rank equal in right of payment with all of our secured and unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (senior indebtedness and will rank senior in right of payment to all of our subordinated indebtedness. ) Tj ET Q q 0 0 0 rg BT 454.92 226.10 Td (Although the 6.375% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (Senior Notes, 4.625% Senior Notes and 3.95% Senior Notes are senior notes, they will be ef) Tj ET Q q 0 0 0 rg BT 428.34 214.10 Td (fectively subordinate to all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (liabilities of our subsidiaries, including secured indebtedness. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (The 6.375% Senior Notes, 4.625% Senior Notes and 3.95% Senior Notes may not have an active trading market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Although the 6.375% Senior Notes are listed on the New ) Tj ET Q q 0 0 0 rg BT 279.86 154.10 Td (Y) Tj ET Q q 0 0 0 rg BT 286.08 154.10 Td (ork Stock Exchange, an active trading market may not be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (established or maintained for those notes, and transaction costs could be high. ) Tj ET Q q 0 0 0 rg BT 366.13 142.10 Td (The 4.625% Senior Notes and 3.95% Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Notes are not listed on any securities exchange, and there is no active trading market for these notes. In addition to the other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (factors described below) Tj ET Q q 0 0 0 rg BT 144.31 118.10 Td (, the lack of a trading market for the 4.625% Senior Notes and 3.95% Senior Notes may adversely af) Tj ET Q q 0 0 0 rg BT 546.51 118.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (the holder) Tj ET Q q 0 0 0 rg BT 90.63 106.10 Td () Tj ET Q q 0 0 0 rg BT 93.41 106.10 Td (s ability to sell the notes and the prices at which the notes may be sold.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (The prices realizable from sales of the 6.375% Senior Notes, 4.625% Senior Notes and 3.95% Senior Notes in any secondary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (market also will be af) Tj ET Q q 0 0 0 rg BT 136.46 70.10 Td (fected by the supply and demand of the notes, the interest rate, the ranking and a number of other factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (including:) Tj ET Q endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 742.10 Td (yields on U.S. ) Tj ET Q q 0 0 0 rg BT 180.99 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 186.75 742.10 Td (reasury obligations and expectations about future interest rates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 718.10 Td (actual or anticipated changes in our financial condition or results, including our levels of indebtedness;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 694.10 Td (general economic conditions and expectations regarding the ef) Tj ET Q q 0 0 0 rg BT 372.00 694.10 Td (fects of national policies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 670.10 Td (investors) Tj ET Q q 0 0 0 rg BT 160.70 670.10 Td ( views of securities issued by both holding companies and similar financial service firms and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 646.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 646.10 Td (the market for similar securities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Item1B. ) Tj ET Q q 0 0 0 rg BT 122.00 610.10 Td (Unr) Tj ET Q q 0 0 0 rg BT 139.04 610.10 Td (esolved Staff Comments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (Item2. ) Tj ET Q q 0 0 0 rg BT 86.00 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 556.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 132.37 556.10 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (The table below summarizes all of Customers' locations. It includes our leased branch, limited purpose and administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 526.10 Td (fice properties, by county and state, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.76 526.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.34 526.10 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 471.60 382.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 471.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 471.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 445.60 382.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 445.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 445.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 419.60 382.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 419.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 419.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 393.60 382.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 393.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 393.60 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 393.6 m 562.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 381.6 m 562.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 379.6 m 562.5 379.6 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 279.85 487.580078125 m 332.084375 487.580078125 l s q 0 0 0 rg BT 279.85 488.83 Td (Bank Branches) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 474.78671875000003 m 76.55859375 474.78671875000003 l s q 0 0 0 rg BT 53.00 475.85 Td (County) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 456.5 474.78671875000003 m 472.49609375 474.78671875000003 l s q 0 0 0 rg BT 456.50 475.85 Td (State) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 518.15 474.78671875000003 m 540.80234375 474.78671875000003 l s q 0 0 0 rg BT 518.15 475.85 Td (Leased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 462.17 Td (Berks \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 462.17 Td (P) Tj ET Q q 0 0 0 rg BT 463.90 462.17 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 462.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 449.17 Td (Bucks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 449.17 Td (P) Tj ET Q q 0 0 0 rg BT 463.90 449.17 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 449.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.17 Td (Chester \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 436.17 Td (P) Tj ET Q q 0 0 0 rg BT 463.90 436.17 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 436.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 423.17 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 423.17 Td (P) Tj ET Q q 0 0 0 rg BT 463.90 423.17 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 423.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 410.17 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 410.17 Td (estchester) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.45 410.17 Td (NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 410.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 397.17 Td (Mercer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.90 397.17 Td (NJ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 397.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 384.17 Td (13) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 333.60 382.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 333.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 333.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 309.60 382.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 309.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 309.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 285.60 382.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 285.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 285.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 261.60 382.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 261.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 261.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 237.60 382.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 237.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 237.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 213.60 382.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 213.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 213.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 189.60 382.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 189.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 189.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 165.60 382.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 165.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 165.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 141.60 382.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 141.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 141.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 117.60 382.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 117.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 117.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 93.60 382.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 93.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 93.60 65.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 93.60000000000002 m 562.5 93.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 82.60000000000002 m 562.5 82.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 80.60000000000002 m 562.5 80.60000000000002 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 230.4 348.580078125 m 381.50546875 348.580078125 l s q 0 0 0 rg BT 230.40 349.83 Td (Limited Purpose and ) Tj ET Q q 0 0 0 rg BT 303.97 349.83 Td (Administrative Offices) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 336.48671875 m 76.55859375 336.48671875 l s q 0 0 0 rg BT 53.00 337.55 Td (County) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 456.5 336.48671875 m 472.49609375 336.48671875 l s q 0 0 0 rg BT 456.50 337.55 Td (State) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 518.15 336.48671875 m 540.80234375 336.48671875 l s q 0 0 0 rg BT 518.15 337.55 Td (Leased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 324.22 Td (Berks \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 324.22 Td (P) Tj ET Q q 0 0 0 rg BT 463.90 324.22 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 324.22 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 312.22 Td (Bucks \(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 312.22 Td (P) Tj ET Q q 0 0 0 rg BT 463.90 312.22 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 312.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 300.22 Td (Chester \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 300.22 Td (P) Tj ET Q q 0 0 0 rg BT 463.90 300.22 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 300.22 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 288.22 Td (Delaware \(7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 288.22 Td (P) Tj ET Q q 0 0 0 rg BT 463.90 288.22 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 288.22 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 276.22 Td (Lancaster \(14\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 276.22 Td (P) Tj ET Q q 0 0 0 rg BT 463.90 276.22 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 276.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 264.22 Td (Philadelphia \(8\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 264.22 Td (P) Tj ET Q q 0 0 0 rg BT 463.90 264.22 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 264.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 252.22 Td (Fairfax \(9\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 252.22 Td (V) Tj ET Q q 0 0 0 rg BT 464.73 252.22 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 252.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 240.22 Td (Mercer \(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.90 240.22 Td (NJ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 240.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 228.22 Td (Morris \(14\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.90 228.22 Td (NJ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 228.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 216.22 Td (New Haven \(16\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.20 216.22 Td (CT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 216.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 204.22 Td (New ) Tj ET Q q 0 0 0 rg BT 74.20 204.22 Td (Y) Tj ET Q q 0 0 0 rg BT 80.73 204.22 Td (ork \(10\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.45 204.22 Td (NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 204.22 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 192.22 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 192.22 Td (estchester \(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.45 192.22 Td (NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 192.22 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 180.22 Td (Suf) Tj ET Q q 0 0 0 rg BT 66.80 180.22 Td (folk \(13\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.45 180.22 Td (NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 180.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 168.22 Td (Providence \(1) Tj ET Q q 0 0 0 rg BT 108.63 168.22 Td (1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.50 168.22 Td (RI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 168.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 156.22 Td (Rockingham \(15\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.25 156.22 Td (NH) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 156.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 144.22 Td (Suf) Tj ET Q q 0 0 0 rg BT 66.80 144.22 Td (folk \(12\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.70 144.22 Td (MA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 144.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 132.22 Td (Fayette \(17\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.55 132.22 Td (GA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 132.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 120.22 Td (Ber) Tj ET Q q 0 0 0 rg BT 67.35 120.22 Td (gen \(18\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.90 120.22 Td (NJ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 120.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 108.22 Td (Cook \(19\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.95 108.22 Td (IL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 108.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 96.22 Td (Los ) Tj ET Q q 0 0 0 rg BT 69.95 96.22 Td (Angeles \(20\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 96.22 Td (CA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 96.22 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 84.22 Td (27) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 58.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 58.10 Td (Includes the full service branch at 1001 Penn ) Tj ET Q q 0 0 0 rg BT 262.62 58.10 Td (A) Tj ET Q q 0 0 0 rg BT 269.10 58.10 Td (venue, ) Tj ET Q q 0 0 0 rg BT 297.79 58.10 Td (W) Tj ET Q q 0 0 0 rg BT 306.63 58.10 Td (yomissing, P) Tj ET Q q 0 0 0 rg BT 357.39 58.10 Td (A) Tj ET Q q 0 0 0 rg BT 364.06 58.10 Td ( as well as three branches acquired through the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 46.10 Td (Berkshire Bancorp, Inc. acquisition. ) Tj ET Q q 0 0 0 rg BT 227.17 46.10 Td (The lease expirations range from 2020 to 2021.) Tj ET Q endstream endobj 107 0 obj <> endobj 108 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 742.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 742.10 Td (Includes the corporate headquarters of Customers Bank and a full service branch located in a freestanding building at 99 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 730.10 Td (Bridge St., Phoenixville, P) Tj ET Q q 0 0 0 rg BT 186.20 730.10 Td (A) Tj ET Q q 0 0 0 rg BT 192.87 730.10 Td ( 19460, wherein we lease approximately 31,054 square feet on 4 floors. ) Tj ET Q q 0 0 0 rg BT 481.22 730.10 Td (The lease on this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 718.10 Td (location expires in 2023. ) Tj ET Q q 0 0 0 rg BT 181.27 718.10 Td (Also includes the lease of 5,523 square feet of property at 513 Kimberton Road in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 706.10 Td (Phoenixville, P) Tj ET Q q 0 0 0 rg BT 140.65 706.10 Td (A) Tj ET Q q 0 0 0 rg BT 147.32 706.10 Td ( where we maintain a full service commercial bank branch and corporate of) Tj ET Q q 0 0 0 rg BT 449.22 706.10 Td (fices. ) Tj ET Q q 0 0 0 rg BT 472.92 706.10 Td (The lease on this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 694.10 Td (location expires in 2019. ) Tj ET Q q 0 0 0 rg BT 181.64 694.10 Td (This excludes a branch located at 215 Lancaster ) Tj ET Q q 0 0 0 rg BT 375.45 694.10 Td (A) Tj ET Q q 0 0 0 rg BT 381.92 694.10 Td (venue in Malvern, P) Tj ET Q q 0 0 0 rg BT 462.10 694.10 Td (A) Tj ET Q q 0 0 0 rg BT 468.77 694.10 Td ( that was closed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 682.10 Td (October 2017 with an existing lease which expires in 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 670.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 670.10 Td (Includes the corporate headquarters of Customers Bancorp and a full service branch located at 1015 Penn ) Tj ET Q q 0 0 0 rg BT 504.19 670.10 Td (A) Tj ET Q q 0 0 0 rg BT 510.67 670.10 Td (venue, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 89.29 658.10 Td (yomissing, P) Tj ET Q q 0 0 0 rg BT 140.05 658.10 Td (A. ) Tj ET Q q 0 0 0 rg BT 152.09 658.10 Td (The leased space covers a total of 23,719 square feet. ) Tj ET Q q 0 0 0 rg BT 367.37 658.10 Td (This lease expires in 2020. ) Tj ET Q q 0 0 0 rg BT 476.24 658.10 Td (Also, includes the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 646.10 Td (leased administrative of) Tj ET Q q 0 0 0 rg BT 175.79 646.10 Td (fices for the corporate lending group which is housed within the Exeter branch location, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 634.10 Td (expiring in 2021, and an administrative of) Tj ET Q q 0 0 0 rg BT 248.29 634.10 Td (fice for Customers personnel in Shillington, P) Tj ET Q q 0 0 0 rg BT 430.96 634.10 Td (A, expiring in 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 622.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 622.10 Td (Includes 7,327 square feet of leased space in Hamilton, NJ from which we conduct our mortgage warehouse activities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 610.10 Td (The lease on this location expires in 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 598.10 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 598.10 Td (Represents administrative of) Tj ET Q q 0 0 0 rg BT 194.68 598.10 Td (fices for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 319.19 598.10 Td (The leases at these locations expire in 2019 and 2022.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 586.10 Td (\(6\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 586.10 Td (Represents administrative of) Tj ET Q q 0 0 0 rg BT 194.68 586.10 Td (fices for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 319.19 586.10 Td (The lease on this location expires in 2025. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 574.10 Td (\(7\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 574.10 Td (Includes an administrative of) Tj ET Q q 0 0 0 rg BT 196.62 574.10 Td (fice for Customers personnel with a lease expiring in 2018. ) Tj ET Q q 0 0 0 rg BT 435.18 574.10 Td (Also, includes a leased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 562.10 Td (administrative of) Tj ET Q q 0 0 0 rg BT 148.31 562.10 Td (fice for BankMobile personnel with a lease expiring in 2022. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 550.10 Td (\(8\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 550.10 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 550.10 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 550.10 Td (The lease on this location expires in 2023.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 538.10 Td (\(9\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 538.10 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 538.10 Td (fice. ) Tj ET Q q 0 0 0 rg BT 222.27 538.10 Td (The space is currently sublet to a third party) Tj ET Q q 0 0 0 rg BT 397.68 538.10 Td (. ) Tj ET Q q 0 0 0 rg BT 405.00 538.10 Td (The lease on this location expires in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 526.10 Td (2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 514.10 Td (\(10\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 514.10 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 514.10 Td (fices. One location is currently sublet to a third party \(expires in 2020\). Our new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 502.10 Td (location, utilized for Customers personnel, expires in 2027. ) Tj ET Q q 0 0 0 rg BT 319.57 502.10 Td (Also includes one administrative of) Tj ET Q q 0 0 0 rg BT 461.58 502.10 Td (fice for Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 490.10 Td (personnel under a month-to-month lease. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 478.10 Td (\(1) Tj ET Q q 0 0 0 rg BT 56.91 478.10 Td (1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 478.10 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 478.10 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 478.10 Td (The lease on this location expires in 2021.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 466.10 Td (\(12\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 466.10 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 466.10 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 466.10 Td (The lease on this location expires in 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 454.10 Td (\(13\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 454.10 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 454.10 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 454.10 Td (The lease on this location expires in 2025.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 442.10 Td (\(14\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 442.10 Td (Represents administrative of) Tj ET Q q 0 0 0 rg BT 194.68 442.10 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 315.30 442.10 Td (The lease on this location expires in 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 430.10 Td (\(15\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 430.10 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 430.10 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 430.10 Td (The lease on this location expires in 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 418.10 Td (\(16\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 418.10 Td (Includes facilities utilized by BankMobile for the acquired Disbursement business. ) Tj ET Q q 0 0 0 rg BT 416.30 418.10 Td (The lease on this location expires in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 406.10 Td (2022. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 394.10 Td (\(17\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 394.10 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 394.10 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 394.10 Td (The lease on this location expires in 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 382.10 Td (\(18\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 382.10 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 382.10 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 382.10 Td (The lease on this location expires in 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 370.10 Td (\(19\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 370.10 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 370.10 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 370.10 Td (The lease on this location expires in 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 358.10 Td (\(20\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 358.10 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 358.10 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 358.10 Td (The lease on this location expires in 2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (The Bank branch locations, which range in size from approximately 1,500 to 6,100 square feet, have leases on these locations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (which expire between 2018 and 2025.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (The total minimum net cash lease payments for our current branches, administrative of) Tj ET Q q 0 0 0 rg BT 397.21 298.10 Td (fices and mortgage warehouse lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (locations amount to approximately $458,000 per month.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Item3. ) Tj ET Q q 0 0 0 rg BT 86.00 250.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 250.10 Td (Legal Pr) Tj ET Q q 0 0 0 rg BT 158.75 250.10 Td (oceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Edelman Matter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 202.10 Td (April 13, 2017, a class action complaint captioned ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 267.45 202.10 Td (Shaya Edelman, individually) Tj ET Q q 0 0 0 rg BT 382.15 202.10 Td (, and on behalf of all others similarly ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (situated v) Tj ET Q q 0 0 0 rg BT 87.86 190.10 Td (. Higher One Holdings, Inc., WEX Bank, Inc., and Customers Bancorp, Inc., Case 2:17-cv-01700-RB) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.06 190.10 Td (S) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 498.62 190.10 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.12 190.10 Td ( was filed in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (the United States District Court for the Eastern District of Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 341.43 178.10 Td (The plaintif) Tj ET Q q 0 0 0 rg BT 388.17 178.10 Td (f generally alleges, among other things, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (violations of state consumer protection statutes and federal public policy promulgated in the Higher Education ) Tj ET Q q 0 0 0 rg BT 493.49 166.10 Td (Act, Department ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (of Education Regulations, the Electronic Funds ) Tj ET Q q 0 0 0 rg BT 241.72 154.10 Td (T) Tj ET Q q 0 0 0 rg BT 247.48 154.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 277.19 154.10 Td (Act, Regulation E and various common law violations through the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 142.10 Td (fering and use of the Higher One checking account and debit card. Customers Bank, Higher One Holdings, Inc. and ) Tj ET Q q 0 0 0 rg BT 523.11 142.10 Td (W) Tj ET Q q 0 0 0 rg BT 531.75 142.10 Td (ex ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Bank, Inc. filed a motion to compel arbitration and stay proceedings. ) Tj ET Q q 0 0 0 rg BT 327.52 130.10 Td (The Court has not yet ruled on the motion. Customers is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (currently assessing Ms. Edelman) Tj ET Q q 0 0 0 rg BT 184.42 118.10 Td (s claims, and is unable to predict the outcome of this lawsuit and therefore cannot determine ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (the likelihood of loss nor estimate a range of possible loss at this time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (Halbreiner Matter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (On December 16, 2016, Elizabeth Halbreiner and Robert Halbreiner \(Plaintif) Tj ET Q q 0 0 0 rg BT 362.76 58.10 Td (fs\) filed a Second ) Tj ET Q q 0 0 0 rg BT 439.40 58.10 Td (Amended Complaint ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (captioned) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 91.37 46.10 Td (Elizabeth Halbr) Tj ET Q q 0 0 0 rg BT 155.17 46.10 Td (einer and Robert Halbr) Tj ET Q q 0 0 0 rg BT 248.95 46.10 Td (einer) Tj ET Q q 0 0 0 rg BT 268.39 46.10 Td (, v) Tj ET Q q 0 0 0 rg BT 277.08 46.10 Td (. Customers Bank, Robert B.White, Richar) Tj ET Q q 0 0 0 rg BT 446.41 46.10 Td (d ) Tj ET Q q 0 0 0 rg BT 453.73 46.10 Td (A. Ehst, Thomas Jastr) Tj ET Q q 0 0 0 rg BT 541.42 46.10 Td (em, ) Tj ET Q endstream endobj 109 0 obj <> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (53) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.01 742.10 Td (imothy D. Romig, ) Tj ET Q q 0 0 0 rg BT 127.88 742.10 Td (Andr) Tj ET Q q 0 0 0 rg BT 147.50 742.10 Td (ew Bowman, Michael Fuoco, Saldutti Law Gr) Tj ET Q q 0 0 0 rg BT 331.01 742.10 Td (oup f/k/a Saldutti, LLC a/k/a Saldutti Law) Tj ET Q q 0 0 0 rg BT 497.79 742.10 Td (, LLC, Robert ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (L. Saldutti, LLC, Robert L. Saldutti, Esquir) Tj ET Q q 0 0 0 rg BT 222.16 730.10 Td (e, Brian J. Schaffer) Tj ET Q q 0 0 0 rg BT 298.53 730.10 Td (, Esquir) Tj ET Q q 0 0 0 rg BT 329.83 730.10 Td (e, Robert Lieber) Tj ET Q q 0 0 0 rg BT 393.98 730.10 Td (, Jr) Tj ET Q q 0 0 0 rg BT 406.21 730.10 Td (., Esquir) Tj ET Q q 0 0 0 rg BT 440.00 730.10 Td (e, Jay Sidhu, James Zar) Tj ET Q q 0 0 0 rg BT 535.17 730.10 Td (decki, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Zar) Tj ET Q q 0 0 0 rg BT 64.08 718.10 Td (decki ) Tj ET Q q 0 0 0 rg BT 87.50 718.10 Td (Associates LLC, No. 01419 in the First Judicial District of Pennsylvania, Court of Common Pleas of Philadelphia, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.01 706.10 Td (rial Division) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.84 706.10 Td (. In this Second ) Tj ET Q q 0 0 0 rg BT 172.51 706.10 Td (Amended Complaint, the Plaintif) Tj ET Q q 0 0 0 rg BT 305.09 706.10 Td (fs generally allege that Customers Bank, and the other named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (defendants, conspired to misuse the legal system for improper purposes and it also alleges defamation, false light, tortious ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (interference with contractual relations, infliction of emotional distress, negligent infliction of emotional distress and loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (consortium) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.00 670.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.50 670.10 Td (On January 6, 2017, Customers Bank filed Preliminary Objections to the Complaint seeking dismissal of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 79.26 658.10 Td (f) Tj ET Q q 0 0 0 rg BT 83.14 658.10 Td () Tj ET Q q 0 0 0 rg BT 85.92 658.10 Td (s claims against Customers Bank and the employees of Customers Bank named as co-defendants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.83 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.33 658.10 Td ( On ) Tj ET Q q 0 0 0 rg BT 495.00 658.10 Td (April 6, 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (the Court dismissed certain counts and determined to allow certain other counts to proceed. Customers Bank intends to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (vigorously defend itself against these allegations but is currently unable to predict the outcome of this lawsuit and therefore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (cannot determine the likelihood of loss nor estimate a range of possible loss.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 355.76 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Lifestyle Healthcare Group, Inc. Matter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (On January 9, 2017, Lifestyle Healthcare Group, Inc., et al \(Plaintif) Tj ET Q q 0 0 0 rg BT 324.45 574.10 Td (fs\) filed a Complaint captioned) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 455.80 574.10 Td (Lifestyle Healthcar) Tj ET Q q 0 0 0 rg BT 532.35 574.10 Td (e ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Gr) Tj ET Q q 0 0 0 rg BT 60.74 562.10 Td (oup, Inc.; Fr) Tj ET Q q 0 0 0 rg BT 111.47 562.10 Td (ed Rappaport; V) Tj ET Q q 0 0 0 rg BT 177.38 562.10 Td (ictoria Rappaport; Lifestyle Management Gr) Tj ET Q q 0 0 0 rg BT 356.99 562.10 Td (oup, LLC T) Tj ET Q q 0 0 0 rg BT 402.29 562.10 Td (rading as Lifestyle Real Estate I, LP; ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Lifestyle Real Estate I GP) Tj ET Q q 0 0 0 rg BT 152.57 550.10 Td (, LLC; Daniel Muck; Lifestyle Management Gr) Tj ET Q q 0 0 0 rg BT 340.78 550.10 Td (oup, LLC; Lifestyle Management Gr) Tj ET Q q 0 0 0 rg BT 486.24 550.10 Td (oup, LLC T) Tj ET Q q 0 0 0 rg BT 531.54 550.10 Td (rading ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (as Lifestyle I, LP) Tj ET Q q 0 0 0 rg BT 117.59 538.10 Td ( D/B/A) Tj ET Q q 0 0 0 rg BT 144.91 538.10 Td ( Lifestyle Medspa, Plaintiffs v) Tj ET Q q 0 0 0 rg BT 263.32 538.10 Td (. Customers Bank, Robert White; Saldutti Law) Tj ET Q q 0 0 0 rg BT 448.12 538.10 Td (, LLC a/k/a Saldutti Law ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Gr) Tj ET Q q 0 0 0 rg BT 60.74 526.10 Td (oup; Robert L. Saldutti, Esquir) Tj ET Q q 0 0 0 rg BT 184.26 526.10 Td (e; and Michael Fuoco, Civil ) Tj ET Q q 0 0 0 rg BT 299.60 526.10 Td (Action No. 01206, in the First Judicial District of Pennsylvania, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Court of Common Pleas of Philadelphia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.39 514.10 Td (. In this Complaint, which is related to the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 384.69 514.10 Td (Halbr) Tj ET Q q 0 0 0 rg BT 408.21 514.10 Td (einer Matter described above) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.23 514.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Plaintif) Tj ET Q q 0 0 0 rg BT 79.26 502.10 Td (fs generally allege wrongful use of civil proceedings and abuse of process in connection with a case filed and later ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (dismissed in federal court, titled, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 183.58 490.10 Td (Customers Bank v) Tj ET Q q 0 0 0 rg BT 255.61 490.10 Td (. Fr) Tj ET Q q 0 0 0 rg BT 270.23 490.10 Td (ed Rappaport, et al., U.S.D.C.E.D. Pa., No. 15-6145. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.50 490.10 Td ( On January 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (2017, Customers Bank filed Preliminary Objections to the Complaint seeking dismissal of Plaintif) Tj ET Q q 0 0 0 rg BT 442.83 478.10 Td (f) Tj ET Q q 0 0 0 rg BT 446.71 478.10 Td () Tj ET Q q 0 0 0 rg BT 449.49 478.10 Td (s claims against Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Bank and Robert ) Tj ET Q q 0 0 0 rg BT 120.08 466.10 Td (White, named as co-defendants.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.09 466.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.09 466.10 Td (In response to the Preliminary Objections, Lifestyle filed an ) Tj ET Q q 0 0 0 rg BT 494.69 466.10 Td (Amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Complaint against Customers Bank and Robert ) Tj ET Q q 0 0 0 rg BT 240.91 454.10 Td (White. Customers Bank has filed Preliminary Objections to the Second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Amended Complaint seeking dismissal of Plaintif) Tj ET Q q 0 0 0 rg BT 248.96 442.10 Td (f's claim against Customers Bank and Robert ) Tj ET Q q 0 0 0 rg BT 431.39 442.10 Td (White, named as co-defendants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (The Court has dismissed certain counts and determined to allow certain other counts to proceed. Customers Bank intends to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (vigorously defend itself against these allegations but is currently unable to predict the outcome of this lawsuit and therefore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (cannot determine the likelihood of loss nor estimate a range of possible loss. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Item4. ) Tj ET Q q 0 0 0 rg BT 86.00 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 370.10 Td (Mine Safety Disclosur) Tj ET Q q 0 0 0 rg BT 215.70 370.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Not ) Tj ET Q q 0 0 0 rg BT 66.95 358.10 Td (Applicable.) Tj ET Q endstream endobj 111 0 obj <> endobj 112 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (54) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.85 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 293.22 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 307.31 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 313.80 742.25 Td ( II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 703.85 Td (Item5. ) Tj ET Q q 0 0 0 rg BT 122.00 703.85 Td (Market For) Tj ET Q q 0 0 0 rg BT 172.07 703.85 Td ( Registrant) Tj ET Q q 0 0 0 rg BT 222.52 703.85 Td (s Common Equity) Tj ET Q q 0 0 0 rg BT 299.21 703.85 Td (, Related Stockholder) Tj ET Q q 0 0 0 rg BT 390.96 703.85 Td ( Matters and Issuer) Tj ET Q q 0 0 0 rg BT 474.39 703.85 Td ( Pur) Tj ET Q q 0 0 0 rg BT 492.82 703.85 Td (chases of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 691.85 Td (Equity Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 667.85 Td (T) Tj ET Q q 0 0 0 rg BT 55.93 667.85 Td (rading Market for) Tj ET Q q 0 0 0 rg BT 134.06 667.85 Td ( Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.85 Td (Our common stock is traded on the New ) Tj ET Q q 0 0 0 rg BT 214.04 643.85 Td (Y) Tj ET Q q 0 0 0 rg BT 220.26 643.85 Td (ork Stock Exchange under the symbol CUBI. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 619.85 Td (Market Price of Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.85 Td (The table below presents the high and low closing sale prices of the common stock of Customers Bancorp as reported on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 583.85 Td (New ) Tj ET Q q 0 0 0 rg BT 71.01 583.85 Td (Y) Tj ET Q q 0 0 0 rg BT 77.23 583.85 Td (ork Stock Exchange for each of the four quarters of 2017 and 2016.) 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428.50 368.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 368.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 368.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 338.35 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 338.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 338.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 338.35 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 548.35 m 493.5 548.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 548.35 m 562.5 548.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.05 552.58 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.90 552.58 Td (Low) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 53 537.51259765625 m 73 537.51259765625 l s q 0 0 0 rg BT 53.00 539.08 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.92 Td (First quarter \(through February 16, 2018\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 523.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 523.02 Td (31.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 523.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 523.02 Td (26.65) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 53 492.51259765625 m 73 492.51259765625 l s q 0 0 0 rg BT 53.00 494.08 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 478.02 Td (Fourth quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 478.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 478.02 Td (33.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 478.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 478.02 Td (25.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 463.92 Td (Third quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 463.02 Td (32.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 463.02 Td (27.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 448.92 Td (Second quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 448.02 Td (31.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 448.02 Td (27.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 433.92 Td (First quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 433.02 Td (36.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 433.02 Td (30.23) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 53 402.51259765625 m 73 402.51259765625 l s q 0 0 0 rg BT 53.00 404.08 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 388.92 Td (Fourth quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 388.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 388.02 Td (36.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 388.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 388.02 Td (24.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 373.92 Td (Third quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 373.02 Td (26.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 373.02 Td (23.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 358.02 Td (Second quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 358.02 Td (27.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 358.02 Td (22.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 343.02 Td (First quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 343.02 Td (26.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 343.02 Td (21.78) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.85 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 299.85 Td (February16, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.04 299.85 Td (, there were approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.71 299.85 Td (423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.71 299.85 Td ( registered shareholders of Customers Bancorp's common stock. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.85 Td (Certain shares are held in nominee or street name and accordingly) Tj ET Q q 0 0 0 rg BT 331.45 287.85 Td (, the number of beneficial owners of such shares is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.85 Td (known or included in the foregoing number) Tj ET Q q 0 0 0 rg BT 223.85 275.85 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 245.85 Td (Dividends on Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.85 Td (Customers Bancorp historically has not paid any cash dividends on its shares of common stock. Customers Bancorp does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.85 Td (expect to do so in the foreseeable future. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.85 Td (Any future determination relating to dividend policy will be made at the discretion of Customers Bancorp) Tj ET Q q 0 0 0 rg BT 475.73 197.85 Td (s board of directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.85 Td (and will depend on a number of factors, including earnings and financial condition, liquidity and capital requirements, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.85 Td (general economic and regulatory climate, ability to service any equity or debt obligations senior to our common stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.85 Td (including obligations to pay dividends to the holders of Customers Bancorp's issued and outstanding shares of preferred stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.85 Td (and other factors deemed relevant by the board of directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.85 Td (In addition, as a bank holding company) Tj ET Q q 0 0 0 rg BT 207.37 125.85 Td (, Customers Bancorp is subject to general regulatory restrictions on the payment of cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.85 Td (dividends. Federal bank regulatory agencies have the authority to prohibit bank holding companies from engaging in unsafe or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.85 Td (unsound practices in conducting their business, which, depending on the financial condition and liquidity of the holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.85 Td (company at the time, could include the payment of dividends. Further) Tj ET Q q 0 0 0 rg BT 330.92 89.85 Td (, various federal and state statutory provisions limit the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.85 Td (amount of dividends that bank subsidiaries can pay to their parent holding company without regulatory approval. Generally) Tj ET Q q 0 0 0 rg BT 545.89 77.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.85 Td (subsidiaries are prohibited from paying dividends when doing so would cause them to fall below the regulatory minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 53.85 Td (capital levels, and limits exist on paying dividends in excess of net income for specified periods.) Tj ET Q endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Beginning January1, 2015, the ability to pay dividends and the amounts that can be paid will be limited to the extent the Bank's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (capital ratios do not exceed the minimum required levels plus 250 basis points, as these requirements are phased in through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (January 1, 2019. See "Item 1, Business - Federal Banking Laws" for more information relating to restrictions on the Bank's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (ability to pay dividends to the Bancorp and the Bancorp's payment of dividends.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Issuer) Tj ET Q q 0 0 0 rg BT 75.93 682.10 Td ( Pur) Tj ET Q q 0 0 0 rg BT 94.36 682.10 Td (chases of Equity Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (On November26, 2013, the Bancorp) Tj ET Q q 0 0 0 rg BT 200.80 658.10 Td (s board of directors authorized a stock repurchase plan in which the Bancorp could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (acquire up to 5% of its current outstanding shares at prices not to exceed a 20% premium over the then current book value. ) Tj ET Q q 0 0 0 rg BT 546.05 646.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (repurchase program has no expiration date but may be suspended, modified or discontinued at any time, and the Bancorp has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (no obligation to repurchase any amount of its common stock under the program. ) Tj ET Q q 0 0 0 rg BT 376.13 622.10 Td (There were no common stock repurchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (during 2017.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.50 586.10 Td (EQUITY) Tj ET Q q 0 0 0 rg BT 265.58 586.10 Td ( COMPENSA) Tj ET Q q 0 0 0 rg BT 324.56 586.10 Td (TION PLANS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (The following table provides certain summary information as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.10 562.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.68 562.10 Td (, concerning our compensation plans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (\(including individual compensation arrangements\) under which shares of our common stock may be issued.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 422.6 m 201.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 422.6 m 306.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 422.6 m 411.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 422.6 m 561.5 422.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.80 517.28 Td (Number) Tj ET Q q 0 0 0 rg BT 478.26 517.28 Td ( of Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.80 502.28 Td (Number) Tj ET Q q 0 0 0 rg BT 246.26 502.28 Td ( of Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.65 502.28 Td (Remaining) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.60 487.28 Td (to be Issued upon) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.65 487.28 Td (A) Tj ET Q q 0 0 0 rg BT 451.50 487.28 Td (vailable for) Tj ET Q q 0 0 0 rg BT 499.64 487.28 Td ( Futur) Tj ET Q q 0 0 0 rg BT 526.96 487.28 Td (e) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.60 472.28 Td (Exer) Tj ET Q q 0 0 0 rg BT 253.06 472.28 Td (cise of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.65 472.28 Td (W) Tj ET Q q 0 0 0 rg BT 331.37 472.28 Td (eighted-A) Tj ET Q q 0 0 0 rg BT 372.39 472.28 Td (verage) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.15 472.28 Td (Issuance Under) Tj ET Q q 0 0 0 rg BT 505.46 472.28 Td ( Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.85 457.28 Td (Outstanding Options,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.25 457.28 Td (Exer) Tj ET Q q 0 0 0 rg BT 345.71 457.28 Td (cise Price of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.20 457.28 Td (Compensation Plans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.85 442.28 Td (W) Tj ET Q q 0 0 0 rg BT 234.57 442.28 Td (arrants, and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.10 442.28 Td (Outstanding Options) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.30 442.28 Td (\(Excluding Securities Reflected) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 427.28 Td (Plan Category) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.00 427.28 Td (Rights \(#\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.05 427.28 Td (\($\) \(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.15 427.28 Td (in the First Column\) \(#\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 412.27 Td (Equity Compensation Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 397.27 Td ( ) Tj ET Q q 0 0 0 rg BT 59.22 397.27 Td (Approved by Security Holders \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 397.27 Td (3,308,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 397.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 397.27 Td (21.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.80 397.27 Td (1,621,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.80 397.27 Td ( \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 367.27 Td (Equity Compensation Plans Not) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 352.27 Td ( ) Tj ET Q q 0 0 0 rg BT 58.95 352.27 Td (Approved by Security Holders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.65 352.28 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.65 352.28 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 352.28 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.10 Td (\(1\) Includes shares of common stock that may be issued upon the exercise of awards granted or rights accrued under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.10 Td (Amended and Restated Customers Bancorp, Inc. 2004 Incentive Equity and Deferred Compensation Plan, Customers Bancorp, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.10 Td (Inc. 2010 Stock Option Plan, the Bonus Recognition and Retention Program \("BRRP"\) and Customers Bancorp, Inc. ) Tj ET Q q 0 0 0 rg BT 519.23 300.10 Td (Amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.10 Td (and Restated 2014 Employee Stock Purchase Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (\(2\) Does not include restricted stock units and stock awards for which, by definition, there exists no exercise price.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.10 Td (\(3\) Does not include securities available for future issuance under the BRRP) Tj ET Q q 0 0 0 rg BT 355.38 240.10 Td ( as there is no specific number of shares reserved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (under this plan. By its terms, the plan links the award of restricted stock units to the annual performance awards identified with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.10 Td (the participants in the BRRP) Tj ET Q q 0 0 0 rg BT 163.33 216.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (Common Stock Performance Graph) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (The following graph compares the performance of our common stock over the period from December 31, 2012, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 156.10 Td (, to that of the total return index for the SNL) Tj ET Q q 0 0 0 rg BT 305.67 156.10 Td ( Mid-Atlantic Bank Index, SNL) Tj ET Q q 0 0 0 rg BT 432.78 156.10 Td ( U.S. Bank NASDAQ Index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.10 Td (and SNL) Tj ET Q q 0 0 0 rg BT 85.46 144.10 Td ( U.S. Bank NYSE Index, assuming an investment of $100 on December31, 2012. ) Tj ET Q q 0 0 0 rg BT 418.56 144.10 Td (The SNL) Tj ET Q q 0 0 0 rg BT 455.13 144.10 Td ( U.S. Bank NYSE Index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (was added to the performance graph because the Bancorp changed the listing of its common stock to the NYSE from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (NASDAQ in December 2014. In calculating total annual shareholder return, reinvestment of dividends, if any) Tj ET Q q 0 0 0 rg BT 491.45 120.10 Td (, is assumed. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (Customers Bancorp obtained the information contained in the performance graph from SNL) Tj ET Q q 0 0 0 rg BT 418.13 108.10 Td ( Financial.) Tj ET Q endstream endobj 115 0 obj <> endobj 116 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The graph below is furnished under this Part II, Item5. of this ) Tj ET Q q 0 0 0 rg BT 300.23 742.10 Td (Annual Report on Form 10-K and shall not be deemed to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (soliciting material or to be filed with the Commission or subject to Regulation 14A) Tj ET Q q 0 0 0 rg BT 399.65 730.10 Td ( or 14C or to the liabilities of Section18 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (of the Exchange ) Tj ET Q q 0 0 0 rg BT 116.92 718.10 Td (Act of 1934, as amended. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.50 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 255.25 694.10 Td (otal Return Performance) Tj ET Q /GS0 gs q 512.00 0 0 303.00 50.00 374.10 cm /I33 Do Q BT /F1 10.00 Tf ET endstream endobj 117 0 obj <> endobj 118 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (57) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item6. ) Tj ET Q q 0 0 0 rg BT 86.00 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (Selected Financial Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Customers Bancorp, Inc. and Subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (The following table presents Customers Bancorp) Tj ET Q q 0 0 0 rg BT 248.57 706.25 Td (s summary consolidated financial data. Customers Bancorp derived the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (balance sheet and income statement data for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.78 694.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.36 694.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.36 694.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.36 694.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.36 694.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.36 694.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.36 694.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.36 694.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.80 694.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.80 694.25 Td (, from its audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (financial statements. ) Tj ET Q q 0 0 0 rg BT 137.01 682.25 Td (The summary consolidated financial data should be read in conjunction with, and is qualified in their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (entirety by) Tj ET Q q 0 0 0 rg BT 92.39 670.25 Td (, Customers Bancorp) Tj ET Q q 0 0 0 rg BT 179.33 670.25 Td (s financial statements and the accompanying notes and the other information included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (elsewhere in this ) Tj ET Q q 0 0 0 rg BT 119.15 658.25 Td (Annual Report on Form 10-K. Certain amounts reported below have been reclassified to conform to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.04 658.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.04 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (presentation, including the presentation of BankMobile as continuing operations. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 609.75 196.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 609.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 609.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 609.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 609.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 609.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 609.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 609.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 609.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 609.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 580.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 580.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 580.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 580.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 580.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 580.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 550.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 550.75 60.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 520.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 520.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 520.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 520.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 520.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 490.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 490.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 490.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 490.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 490.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 490.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 490.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 490.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 490.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 490.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 460.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 460.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 460.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 460.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 460.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 460.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 460.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 460.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 460.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 460.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 420.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 420.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 420.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 420.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 420.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 420.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 420.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 420.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 420.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 420.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 390.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 390.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 390.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 390.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 390.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 390.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 390.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 390.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 390.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 390.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 361.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 361.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 361.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 361.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 361.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 361.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 361.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 361.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 361.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 361.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 331.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 331.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 331.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 331.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 331.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 331.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 331.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 331.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 331.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 331.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 301.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 301.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 301.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 301.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 301.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 301.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 301.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 301.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 301.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 301.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 271.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 271.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 271.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 271.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 271.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 271.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 271.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 271.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 271.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 271.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 241.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 241.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 241.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 241.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 241.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 241.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 241.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 241.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 241.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 241.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 211.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 211.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 211.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 211.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 211.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 211.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 211.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 211.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 211.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 211.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 182.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 182.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 182.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 182.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 182.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 182.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 182.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 182.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 182.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 182.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 152.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 152.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 152.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 152.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 152.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 152.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 152.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 152.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 152.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 152.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 112.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 112.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 112.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 112.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 112.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 112.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 112.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 112.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 112.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 112.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 82.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 82.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 82.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 82.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 82.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 82.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 82.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 82.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 82.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 82.75 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 622.75 m 306.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 622.75 m 306.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 622.75 m 370.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 622.75 m 434.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 622.75 m 498.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 622.75 m 562.5 622.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 565.75 m 306.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 565.75 m 370.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 565.75 m 434.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 565.75 m 498.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 565.75 m 562.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 505.75 m 306.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 505.75 m 370.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 505.75 m 434.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 505.75 m 498.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 505.75 m 562.5 505.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 475.75 m 306.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 475.75 m 370.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 475.75 m 434.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 475.75 m 498.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 475.75 m 562.5 475.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 445.75 m 306.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 421.75 m 306.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 419.75 m 306.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 445.75 m 370.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 421.75 m 370.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 419.75 m 370.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 445.75 m 434.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 421.75 m 434.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 419.75 m 434.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 445.75 m 498.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 421.75 m 498.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 419.75 m 498.5 419.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 445.75 m 562.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 421.75 m 562.5 421.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 419.75 m 562.5 419.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.00 626.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.00 626.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.00 626.32 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 626.32 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.00 626.32 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 614.00 Td (\(dollars in thousands, except per share information\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 600.48 Td (For) Tj ET Q q 0 0 0 rg BT 68.46 600.48 Td ( the ) Tj ET Q q 0 0 0 rg BT 86.51 600.48 Td (Y) Tj ET Q q 0 0 0 rg BT 92.99 600.48 Td (ears Ended December) Tj ET Q q 0 0 0 rg BT 186.22 600.48 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 586.32 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 585.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 585.42 Td (372,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 585.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 585.42 Td (322,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 585.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 585.42 Td (249,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 585.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 585.42 Td (190,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 585.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 585.42 Td (128,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 571.32 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 570.42 Td (105,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 570.42 Td (73,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 570.42 Td (53,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 570.42 Td (38,504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 570.42 Td (24,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 556.32 Td (Net interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 555.42 Td (267,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 555.42 Td (249,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 555.42 Td (196,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 555.42 Td (151,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 555.42 Td (103,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 541.32 Td (Provision for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 540.42 Td (6,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 540.42 Td (3,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 540.42 Td (20,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 540.42 Td (14,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 540.42 Td (2,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 526.32 Td (T) Tj ET Q q 0 0 0 rg BT 76.76 526.32 Td (otal non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 525.42 Td (78,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 525.42 Td (56,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 525.42 Td (27,717) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 525.42 Td (25,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 525.42 Td (22,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 511.32 Td (T) Tj ET Q q 0 0 0 rg BT 76.76 511.32 Td (otal non-interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 510.42 Td (215,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 510.42 Td (178,231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 510.42 Td (1) Tj ET Q q 0 0 0 rg BT 398.15 510.42 Td (14,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 510.42 Td (98,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 510.42 Td (74,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 496.32 Td (Income before income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 495.42 Td (123,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 495.42 Td (124,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 495.42 Td (88,495) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 495.42 Td (63,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 495.42 Td (50,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 481.32 Td (Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 480.42 Td (45,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 480.42 Td (45,893) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 480.42 Td (29,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 480.42 Td (20,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 480.42 Td (17,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 466.32 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 465.42 Td (78,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 465.42 Td (78,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 465.42 Td (58,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 465.42 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 465.42 Td (32,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 451.32 Td (Preferred stock dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 450.42 Td (14,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 450.42 Td (9,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 450.42 Td (2,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 450.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 450.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 436.32 Td (Net income attributable to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 426.32 Td (shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 425.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 425.42 Td (64,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 425.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 425.42 Td (69,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 425.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 425.42 Td (56,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 425.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 425.42 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 425.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 425.42 Td (32,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 411.32 Td (Earnings per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 396.32 Td (Basic earnings per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 395.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 395.42 Td (2.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 395.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 395.42 Td (2.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 395.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 395.42 Td (2.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 395.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 395.42 Td (1.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 395.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 395.42 Td (1.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 381.32 Td (Diluted earnings per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 380.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 380.42 Td (1.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 380.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 380.42 Td (2.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 380.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 380.42 Td (1.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 380.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 380.42 Td (1.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 380.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 380.42 Td (1.30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 366.48 Td (At Period End) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 352.32 Td (T) Tj ET Q q 0 0 0 rg BT 76.76 352.32 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 351.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.60 351.42 Td (9,839,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 351.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.60 351.42 Td (9,382,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 351.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.60 351.42 Td (8,398,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 351.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 351.42 Td (6,821,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 351.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 351.42 Td (4,150,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 337.32 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 336.42 Td (146,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 336.42 Td (264,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 336.42 Td (264,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 336.42 Td (371,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 336.42 Td (233,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 322.32 Td (Investment securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 321.42 Td (471,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 321.42 Td (493,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 321.42 Td (560,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 321.42 Td (416,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 321.42 Td (497,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 307.32 Td (Loans held for sale \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.60 306.42 Td (1,939,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.60 306.42 Td (2,1) Tj ET Q q 0 0 0 rg BT 334.10 306.42 Td (17,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.60 306.42 Td (1,797,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 306.42 Td (1,435,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 306.42 Td (747,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 292.32 Td (Loans receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.60 291.42 Td (6,768,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.60 291.42 Td (6,154,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.60 291.42 Td (5,453,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 291.42 Td (4,312,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 291.42 Td (2,465,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 277.32 Td (Allowance for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 276.42 Td (38,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 276.42 Td (37,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 276.42 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 276.42 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 276.42 Td (23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 262.32 Td (FDIC loss sharing receivable \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 261.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 261.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 261.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 261.42 Td (2,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 261.42 Td (10,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 247.32 Td (Deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.60 246.42 Td (6,800,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.60 246.42 Td (7,303,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.60 246.42 Td (5,909,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 246.42 Td (4,532,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 246.42 Td (2,959,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 232.32 Td (Borrowings \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.60 231.42 Td (2,062,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.60 231.42 Td (1,147,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.60 231.42 Td (1,890,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 231.42 Td (1,812,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 231.42 Td (782,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 217.32 Td (Shareholders) Tj ET Q q 0 0 0 rg BT 126.17 217.32 Td ( equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 216.42 Td (920,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 216.42 Td (855,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 216.42 Td (553,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 216.42 Td (443,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 216.42 Td (386,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 202.32 Td (T) Tj ET Q q 0 0 0 rg BT 76.76 202.32 Td (angible common equity \(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 201.42 Td (687,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 201.42 Td (620,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 201.42 Td (494,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 201.42 Td (439,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 201.42 Td (382,947) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 187.48 Td (Selected Ratios and Shar) Tj ET Q q 0 0 0 rg BT 159.21 187.48 Td (e Data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 173.32 Td (Return on average assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 172.42 Td (0.77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 172.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 172.42 Td (0.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 172.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 172.42 Td (0.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 172.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 172.42 Td (0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 172.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 172.42 Td (0.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 172.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 158.32 Td (Return on average common equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 157.42 Td (9.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 157.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 157.42 Td (12.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 157.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 157.42 Td (1) Tj ET Q q 0 0 0 rg BT 408.15 157.42 Td (1.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 157.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 157.42 Td (10.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 157.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 157.42 Td (9.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 157.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 143.32 Td (Common book value per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 142.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 142.42 Td (22.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 142.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 142.42 Td (21.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 142.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 142.42 Td (18.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 142.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 142.42 Td (16.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 142.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 142.42 Td (14.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 128.32 Td (T) Tj ET Q q 0 0 0 rg BT 76.76 128.32 Td (angible book value per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 118.32 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 117.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 117.42 Td (21.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 117.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 117.42 Td (20.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 117.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 117.42 Td (18.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 117.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 117.42 Td (16.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 117.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 117.42 Td (14.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 103.32 Td (Common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.60 102.42 Td (31,382,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.60 102.42 Td (30,289,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.60 102.42 Td (26,901,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 102.42 Td (26,745,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.60 102.42 Td (26,646,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 88.32 Td (Net interest mar) Tj ET Q q 0 0 0 rg BT 135.33 88.32 Td (gin, tax equivalent \(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 87.42 Td (2.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 87.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 87.42 Td (2.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 87.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 87.42 Td (2.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 87.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 87.42 Td (2.86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 87.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 87.42 Td (3.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 87.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 73.32 Td (Equity to assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 72.42 Td (9.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 72.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 72.42 Td (9.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 72.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 72.42 Td (6.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 72.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 72.42 Td (6.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 72.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 72.42 Td (9.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 72.42 Td (%) Tj ET Q endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (58) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 722.50 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 722.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 722.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 722.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 722.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 722.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 722.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 692.50 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 692.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 692.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 692.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 692.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 692.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 692.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 692.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 692.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 692.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 642.50 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 642.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 642.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 642.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 642.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 642.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 642.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 642.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 642.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 642.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 592.50 196.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 592.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 592.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 592.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 592.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 592.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 592.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 592.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 592.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 592.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 563.50 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 563.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 563.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 563.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 563.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 563.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 563.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 563.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 563.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 563.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 523.50 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 523.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 523.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 523.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 523.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 523.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 523.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 523.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 523.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 523.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 493.50 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 493.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 493.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 493.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 493.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 493.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 493.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 493.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 493.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 493.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 443.50 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 443.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 443.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 443.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 443.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 443.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 443.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 443.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 443.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 443.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 403.50 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 403.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 403.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 403.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 403.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 403.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 403.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 403.50 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 403.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 403.50 60.00 -25.00 re f /GS0 gs BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 738.07 Td (T) Tj ET Q q 0 0 0 rg BT 76.76 738.07 Td (angible common equity to tangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 728.07 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 727.17 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 727.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 727.17 Td (6.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 727.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 727.17 Td (5.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 727.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 727.17 Td (6.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 727.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 727.17 Td (9.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 727.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 713.07 Td (T) Tj ET Q q 0 0 0 rg BT 76.93 713.07 Td (ier 1 leverage ratio Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 712.17 Td (10.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 712.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 712.17 Td (9.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 712.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 712.17 Td (7.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 712.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 712.17 Td (7.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 712.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 712.17 Td (10.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 712.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 698.07 Td (T) Tj ET Q q 0 0 0 rg BT 76.93 698.07 Td (ier 1 leverage ratio Customers Bancorp) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 697.17 Td (8.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 697.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 697.17 Td (9.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 697.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 697.17 Td (7.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 697.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 697.17 Td (6.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 697.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 697.17 Td (10.1) Tj ET Q q 0 0 0 rg BT 548.65 697.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 697.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 683.07 Td (T) Tj ET Q q 0 0 0 rg BT 76.93 683.07 Td (ier 1 risk-based capital ratio Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 673.07 Td (Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 672.17 Td (13.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 672.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 672.17 Td (1) Tj ET Q q 0 0 0 rg BT 344.15 672.17 Td (1.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 672.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 672.17 Td (8.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 672.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 672.17 Td (9.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 672.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 672.17 Td (13.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 672.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 658.07 Td (T) Tj ET Q q 0 0 0 rg BT 76.93 658.07 Td (ier 1 risk-based capital ratio Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 648.07 Td (Bancorp) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 647.17 Td (1) Tj ET Q q 0 0 0 rg BT 280.15 647.17 Td (1.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 647.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 647.17 Td (1) Tj ET Q q 0 0 0 rg BT 344.15 647.17 Td (1.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 647.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 647.17 Td (8.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 647.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 647.17 Td (8.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 647.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 647.17 Td (12.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 647.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 633.07 Td (T) Tj ET Q q 0 0 0 rg BT 76.76 633.07 Td (otal risk-based capital ratio Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 623.07 Td (Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 622.17 Td (14.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 622.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 622.17 Td (13.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 622.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 622.17 Td (10.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 622.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 622.17 Td (1) Tj ET Q q 0 0 0 rg BT 472.15 622.17 Td (1.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 622.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 622.17 Td (14.1) Tj ET Q q 0 0 0 rg BT 548.65 622.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 622.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 608.07 Td (T) Tj ET Q q 0 0 0 rg BT 76.76 608.07 Td (otal risk-based capital ratio Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 598.07 Td (Bancorp) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 597.17 Td (13.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 597.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 597.17 Td (13.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 597.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 597.17 Td (10.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 597.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 597.17 Td (1) Tj ET Q q 0 0 0 rg BT 472.15 597.17 Td (1.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 597.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 597.17 Td (13.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 597.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 583.23 Td (Asset Quality) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 569.07 Td (Non-performing loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 568.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 568.17 Td (26,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 568.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 568.17 Td (17,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 568.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 568.17 Td (10,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 568.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 568.17 Td (1) Tj ET Q q 0 0 0 rg BT 467.15 568.17 Td (1,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 568.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 568.17 Td (19,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 554.07 Td (Non-performing loans to total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 544.07 Td (receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 543.17 Td (0.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 543.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 543.17 Td (0.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 543.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 543.17 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 543.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 543.17 Td (0.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 543.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 543.17 Td (0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 543.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 529.07 Td (Non-performing loans to total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 528.17 Td (0.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 528.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 528.17 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 528.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 528.17 Td (0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 528.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 528.17 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 528.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 528.17 Td (0.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 528.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 514.07 Td (Other real estate owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 513.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 513.17 Td (1,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 513.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 513.17 Td (3,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 513.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 513.17 Td (5,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 513.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 513.17 Td (15,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 513.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 513.17 Td (12,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 499.07 Td (Non-performing assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 498.17 Td (28,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 498.17 Td (20,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 498.17 Td (15,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 498.17 Td (27,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 498.17 Td (31,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 484.07 Td (Non-performing assets to total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 473.17 Td (0.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 473.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 473.17 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 473.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 473.17 Td (0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 473.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 473.17 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 473.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 473.17 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 473.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 459.07 Td (Allowance for loan losses to total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 449.07 Td (receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 448.17 Td (0.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 448.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 448.17 Td (0.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 448.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 448.17 Td (0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 448.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 448.17 Td (0.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 448.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 448.17 Td (0.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 448.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 434.07 Td (Allowance for loan losses to non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 424.07 Td (performing loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.15 423.17 Td (143.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 423.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 423.17 Td (209.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 423.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 423.17 Td (330.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 423.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 423.17 Td (263.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 423.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 423.17 Td (125.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 423.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 409.07 Td (Net char) Tj ET Q q 0 0 0 rg BT 105.06 409.07 Td (ge-of) Tj ET Q q 0 0 0 rg BT 125.97 409.07 Td (fs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.15 408.17 Td (6,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 408.17 Td (1,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 408.17 Td (1) Tj ET Q q 0 0 0 rg BT 403.15 408.17 Td (1,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 408.17 Td (3,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 408.17 Td (6,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 394.07 Td (Net char) Tj ET Q q 0 0 0 rg BT 104.96 394.07 Td (ge-of) Tj ET Q q 0 0 0 rg BT 125.88 394.07 Td (fs to average total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 384.07 Td (receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 383.17 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 383.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 383.17 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 383.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 383.17 Td (0.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 383.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 383.17 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 383.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 383.17 Td (0.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 383.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.50 Tf ET q 0 0 0 rg BT 50.00 346.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 86.00 346.60 Td (In ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 95.21 346.60 Td (2017) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 112.21 346.60 Td (, ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 116.46 346.60 Td (2016) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 133.46 346.60 Td (, ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 137.71 346.60 Td (2015) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 154.71 346.60 Td ( and 2014, loans held for sale included ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 288.08 346.60 Td ($1,793,408) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 326.33 346.60 Td (, ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 330.58 346.60 Td ($2,1) Tj ET Q q 0 0 0 rg BT 345.14 346.60 Td (16,815) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 368.51 346.60 Td (, $1,754,950 and $1,332,019 of mortgage warehouse ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 86.00 336.40 Td (loans at fair value, respectively) Tj ET Q q 0 0 0 rg BT 191.42 336.40 Td (.) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 50.00 326.20 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 86.00 326.20 Td (The FDIC loss sharing receivable, net of the clawback liability) Tj ET Q q 0 0 0 rg BT 298.84 326.20 Td (, was included in "Accrued interest payable and other liabilities" as of ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 86.00 316.05 Td (December 31, 2015.) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 50.00 305.85 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 86.00 305.85 Td (Borrowings includes FHLB advances, Federal funds purchased, Subordinated debt and other borrowings.) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 50.00 295.65 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 86.00 295.65 Td (Customers) Tj ET Q q 0 0 0 rg BT 124.56 295.65 Td ( selected financial data contains non-GAAP) Tj ET Q q 0 0 0 rg BT 273.19 295.65 Td ( financial measures calculated using non-GAAP) Tj ET Q q 0 0 0 rg BT 436.46 295.65 Td ( amounts. ) Tj ET Q q 0 0 0 rg BT 473.61 295.65 Td (These measures include ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 86.00 285.45 Td (net interest mar) Tj ET Q q 0 0 0 rg BT 138.72 285.45 Td (gin tax equivalent, tangible common equity and tangible book value per common share and tangible common equity to ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 86.00 275.20 Td (tangible assets. Management uses these non-GAAP) Tj ET Q q 0 0 0 rg BT 262.98 275.20 Td ( measures to present historical periods comparable to the current period presentation. In ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 86.00 265.00 Td (addition, management believes the use of these non-GAAP) Tj ET Q q 0 0 0 rg BT 286.81 265.00 Td ( measures provides additional clarity when assessing the Bancorp) Tj ET Q q 0 0 0 rg BT 512.01 265.00 Td (s financial ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 86.00 254.85 Td (results and use of equity) Tj ET Q q 0 0 0 rg BT 168.07 254.85 Td (. ) Tj ET Q q 0 0 0 rg BT 174.29 254.85 Td (These disclosures should not be viewed as substitutes for results determined to be in accordance with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 559.80 254.85 Td (, ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 86.00 244.65 Td (nor are they necessarily comparable to non-GAAP) Tj ET Q q 0 0 0 rg BT 257.52 244.65 Td ( performance measures that may be presented by other entities. Customers Bancorp ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 86.00 234.45 Td (calculates tangible common equity by excluding intangible assets from total shareholders) Tj ET Q q 0 0 0 rg BT 391.77 234.45 Td ( equity) Tj ET Q q 0 0 0 rg BT 414.59 234.45 Td (. ) Tj ET Q q 0 0 0 rg BT 420.81 234.45 Td (T) Tj ET Q q 0 0 0 rg BT 425.41 234.45 Td (angible book value per common share ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 86.00 224.20 Td (equals tangible common equity divided by common shares outstanding. ) Tj ET Q q 0 0 0 rg BT 333.96 224.20 Td (The non-GAAP) Tj ET Q q 0 0 0 rg BT 387.71 224.20 Td ( tax-equivalent basis uses a 35% statutory tax rate ) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 86.00 214.00 Td (to approximate interest income as a taxable asset.) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 88.17 742.10 Td ( reconciliation of shareholders) Tj ET Q q 0 0 0 rg BT 212.10 742.10 Td ( equity to tangible common equity and other related amounts is set forth below) Tj ET Q q 0 0 0 rg BT 526.66 742.10 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 727.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 691.20 191.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 691.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 691.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 691.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 691.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 691.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 691.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 691.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 691.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 691.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 661.20 191.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 661.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 661.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 661.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 661.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 661.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 661.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 661.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 661.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 661.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 631.20 191.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 631.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 631.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 631.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 631.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 631.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 631.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 631.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 631.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 631.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 601.20 191.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 601.20 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 601.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 601.20 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 601.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 601.20 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 601.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 601.20 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 601.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 601.20 61.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 561.20 191.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 561.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 561.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 561.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 561.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 561.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 561.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 561.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 561.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 561.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 531.20 191.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 531.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 531.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 531.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 531.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 531.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 531.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 531.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 531.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 531.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 501.20 191.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 501.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 501.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 501.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 501.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 501.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 501.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 501.20 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 501.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 501.20 61.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 704.2 m 302.5 704.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 704.2 m 367.5 704.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 704.2 m 432.5 704.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 704.2 m 497.5 704.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 704.2 m 562.5 704.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 646.2 m 302.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 646.2 m 367.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 646.2 m 432.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 646.2 m 497.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 646.2 m 562.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 646.2 m 302.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 632.2 m 302.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 630.2 m 302.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 646.2 m 367.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 632.2 m 367.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 630.2 m 367.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 646.2 m 432.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 632.2 m 432.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 630.2 m 432.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 646.2 m 497.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 632.2 m 497.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 630.2 m 497.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 632.2 m 562.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 630.2 m 562.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 630.2 m 367.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 632.2 m 367.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 630.2 m 432.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 632.2 m 432.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 630.2 m 497.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 632.2 m 497.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 630.2 m 562.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 632.2 m 562.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 576.2 m 302.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 576.2 m 367.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 576.2 m 432.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 576.2 m 497.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 576.2 m 562.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 562.2 m 302.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 560.2 m 302.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 562.2 m 367.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 560.2 m 367.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 562.2 m 432.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 560.2 m 432.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 562.2 m 497.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 560.2 m 497.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 562.2 m 562.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 560.2 m 562.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 560.2 m 302.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 562.2 m 302.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 560.2 m 367.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 562.2 m 367.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 560.2 m 432.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 562.2 m 432.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 560.2 m 497.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 562.2 m 497.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 560.2 m 562.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 562.2 m 562.5 562.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 531.2 m 302.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 517.2 m 302.5 517.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 515.2 m 302.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 531.2 m 367.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 517.2 m 367.5 517.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 515.2 m 367.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 531.2 m 432.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 517.2 m 432.5 517.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 515.2 m 432.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 531.2 m 497.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 517.2 m 497.5 517.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 515.2 m 497.5 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 531.2 m 562.5 531.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 517.2 m 562.5 517.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 515.2 m 562.5 515.2 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.50 708.43 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.50 708.43 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.50 708.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.50 708.43 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.50 708.43 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 695.43 Td (\(in thousands, except per) Tj ET Q q 0 0 0 rg BT 138.20 695.43 Td ( shar) Tj ET Q q 0 0 0 rg BT 155.16 695.43 Td (e data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 681.77 Td (Shareholders) Tj ET Q q 0 0 0 rg BT 108.17 681.77 Td ( equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 680.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.15 680.87 Td (920,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 680.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 680.87 Td (855,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 680.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 680.87 Td (553,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 680.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 680.87 Td (443,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 680.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 680.87 Td (386,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 666.77 Td (Less: intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.80 665.87 Td (\(16,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 665.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.80 665.92 Td (\(17,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 665.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.80 665.92 Td (\(3,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 665.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 665.92 Td (\(3,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 665.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 665.92 Td (\(3,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 665.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 651.77 Td (Less: preferred stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.80 650.87 Td (\(217,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 650.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.80 650.92 Td (\(217,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 650.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.80 650.92 Td (\(55,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 650.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 650.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 650.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 636.77 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 636.77 Td (angible common equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 635.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.15 635.87 Td (687,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 635.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.15 635.87 Td (620,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 635.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 635.87 Td (494,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 635.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 635.87 Td (439,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 635.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 635.87 Td (382,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.77 Td (Shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.15 620.87 Td (31,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.15 620.87 Td (30,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 620.87 Td (26,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 620.87 Td (26,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 620.87 Td (26,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 606.77 Td (Common book value per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 605.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.15 605.87 Td (22.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 605.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 605.87 Td (21.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 605.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 605.87 Td (18.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 605.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 605.87 Td (16.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 605.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 605.87 Td (14.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 591.77 Td (Less: ef) Tj ET Q q 0 0 0 rg BT 102.29 591.77 Td (fect of excluding intangible) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 581.77 Td (assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.80 580.87 Td (\(0.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 580.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.80 580.92 Td (\(0.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 580.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.80 580.92 Td (\(0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 580.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 580.92 Td (\(0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 580.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 580.92 Td (\(0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 580.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.77 Td (Common tangible book value per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 565.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.15 565.87 Td (21.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 565.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.15 565.87 Td (20.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 565.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 565.87 Td (18.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 565.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 565.87 Td (16.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 565.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 565.87 Td (14.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.77 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 551.77 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 550.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.60 550.87 Td (9,839,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 550.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.60 550.87 Td (9,382,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 550.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.60 550.87 Td (8,398,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 550.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.60 550.87 Td (6,821,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 550.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 550.87 Td (4,150,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 536.77 Td (Less: intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.80 535.87 Td (\(16,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 535.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.80 535.92 Td (\(17,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 535.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.80 535.92 Td (\(3,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 535.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 535.92 Td (\(3,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 535.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 535.92 Td (\(3,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 535.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.77 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 521.77 Td (otal tangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 520.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.60 520.87 Td (9,823,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.00 520.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.60 520.87 Td (9,365,1) Tj ET Q q 0 0 0 rg BT 348.60 520.87 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.00 520.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.60 520.87 Td (8,394,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 520.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.60 520.87 Td (6,817,836) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 520.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 520.87 Td (4,146,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 491.77 Td (Equity to assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 490.87 Td (9.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 490.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 490.87 Td (9.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 490.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 490.87 Td (6.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 490.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 490.87 Td (6.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 490.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 490.87 Td (9.32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 490.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 476.77 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 476.77 Td (angible common equity to tangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 475.87 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.65 475.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 475.87 Td (6.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.65 475.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 475.87 Td (5.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 475.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 475.87 Td (6.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 475.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 475.87 Td (9.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 475.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (60) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item7. ) Tj ET Q q 0 0 0 rg BT 86.00 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (Management) Tj ET Q q 0 0 0 rg BT 181.06 742.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 253.04 742.25 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (This Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 194.18 724.25 Td (Analysis should be r) Tj ET Q q 0 0 0 rg BT 275.20 724.25 Td (ead in conjunction with Business Executive Summary and the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (Bancorp) Tj ET Q q 0 0 0 rg BT 86.48 712.25 Td (s consolidated financial statements and r) Tj ET Q q 0 0 0 rg BT 250.26 712.25 Td (elated notes for the year ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 376.34 712.25 Td (December31, 2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 454.93 712.25 Td (. Certain amounts ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (r) Tj ET Q q 0 0 0 rg BT 53.52 700.25 Td (eported in the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 111.56 700.25 Td (2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 131.56 700.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 151.56 700.25 Td (2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 171.56 700.25 Td ( financial statements have been r) Tj ET Q q 0 0 0 rg BT 303.11 700.25 Td (eclassified to conform to the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 418.92 700.25 Td (2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 438.92 700.25 Td ( pr) Tj ET Q q 0 0 0 rg BT 449.94 700.25 Td (esentation. ) Tj ET Q q 0 0 0 rg BT 498.36 700.25 Td (At December ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (31, 2016, BankMobile met the criteria to be classified as held for sale and, accor) Tj ET Q q 0 0 0 rg BT 374.30 688.25 Td (dingly) Tj ET Q q 0 0 0 rg BT 398.74 688.25 Td (, the assets and liabilities of BankMobile ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (wer) Tj ET Q q 0 0 0 rg BT 64.63 676.25 Td (e pr) Tj ET Q q 0 0 0 rg BT 80.09 676.25 Td (esented as Assets held for sale," Non-inter) Tj ET Q q 0 0 0 rg BT 260.30 676.25 Td (est bearing deposits held for sale, and Other liabilities held for sale; ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (and BankMobile) Tj ET Q q 0 0 0 rg BT 118.41 664.25 Td (s operating r) Tj ET Q q 0 0 0 rg BT 169.71 664.25 Td (esults and associated cash flows wer) Tj ET Q q 0 0 0 rg BT 316.28 664.25 Td (e pr) Tj ET Q q 0 0 0 rg BT 331.74 664.25 Td (esented as Discontinued operations. Beginning in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (thir) Tj ET Q q 0 0 0 rg BT 64.08 652.25 Td (d quarter 2017, the period in which Customers decided to spin-off BankMobile rather than selling dir) Tj ET Q q 0 0 0 rg BT 470.89 652.25 Td (ectly to a thir) Tj ET Q q 0 0 0 rg BT 524.12 652.25 Td (d party) Tj ET Q q 0 0 0 rg BT 552.18 652.25 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (BankMobile's assets, liabilities, operating r) Tj ET Q q 0 0 0 rg BT 223.98 640.25 Td (esults and cash flows wer) Tj ET Q q 0 0 0 rg BT 325.83 640.25 Td (e no longer r) Tj ET Q q 0 0 0 rg BT 377.40 640.25 Td (eported as held for sale or discontinued ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (operations but instead wer) Tj ET Q q 0 0 0 rg BT 156.57 628.25 Td (e r) Tj ET Q q 0 0 0 rg BT 167.03 628.25 Td (eported as held and used. Prior r) Tj ET Q q 0 0 0 rg BT 299.71 628.25 Td (eported assets held for sale, non-inter) Tj ET Q q 0 0 0 rg BT 450.99 628.25 Td (est bearing deposits held ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (for sale and other liabilities held for sale have been r) Tj ET Q q 0 0 0 rg BT 262.93 616.25 Td (eclassified to conform with the December 31, 2017 pr) Tj ET Q q 0 0 0 rg BT 477.81 616.25 Td (esentation. ) Tj ET Q q 0 0 0 rg BT 526.23 616.25 Td (Amounts ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (pr) Tj ET Q q 0 0 0 rg BT 58.52 604.25 Td (eviously r) Tj ET Q q 0 0 0 rg BT 97.30 604.25 Td (eported as discontinued operations have also been r) Tj ET Q q 0 0 0 rg BT 306.07 604.25 Td (eclassified to conform with the year ended December 31, 2017 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (pr) Tj ET Q q 0 0 0 rg BT 58.52 592.25 Td (esentation. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 562.25 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (Customers has adopted various accounting policies that govern the application of accounting principles generally accepted in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (the United States of ) Tj ET Q q 0 0 0 rg BT 131.10 532.25 Td (America \("U.S. GAAP"\) and that are consistent with general practices within the banking industry in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (preparation of its consolidated financial statements. Customers' significant accounting policies are described in NOTE 4 - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 112.60 508.25 Td ( ) Tj ET Q q 0 0 0 rg BT 114.55 508.25 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 228.99 508.25 Td (AND BASIS OF PRESENT) Tj ET Q q 0 0 0 rg BT 341.83 508.25 Td (A) Tj ET Q q 0 0 0 rg BT 347.94 508.25 Td (TION to Customers' audited financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (Certain accounting policies involve significant judgments and assumptions by Customers that have a material impact on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (carrying value of certain assets and liabilities. Customers considers these accounting policies to be critical accounting policies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (The judgments and assumptions used are based on historical experience and other factors, which are believed to be reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (under the circumstances. Because of the nature of the judgments and assumptions management makes, actual results could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 436.25 Td (fer from these judgments and estimates, which could have a material impact on the carrying values of Customers' assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (liabilities and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (The critical accounting policies that are both important to the portrayal of Customers' financial condition and results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (operations and require complex, subjective judgments are the accounting policies for the following: ) Tj ET Q q 0 0 0 rg BT 452.94 388.25 Td (Allowance for Loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (Losses, Purchased Credit-Impaired \("PCI"\) Loans, Deferred Income ) Tj ET Q q 0 0 0 rg BT 325.40 376.25 Td (T) Tj ET Q q 0 0 0 rg BT 330.81 376.25 Td (axes, Unrealized Gains and Losses on ) Tj ET Q q 0 0 0 rg BT 484.38 376.25 Td (A) Tj ET Q q 0 0 0 rg BT 490.85 376.25 Td (vailable-for) Tj ET Q q 0 0 0 rg BT 537.29 376.25 Td (-Sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (Securities and Other) Tj ET Q q 0 0 0 rg BT 131.44 364.25 Td (-Than-T) Tj ET Q q 0 0 0 rg BT 164.06 364.25 Td (emporary Impairment ) Tj ET Q q 0 0 0 rg BT 253.47 364.25 Td (Analysis, Fair ) Tj ET Q q 0 0 0 rg BT 311.90 364.25 Td (V) Tj ET Q q 0 0 0 rg BT 318.01 364.25 Td (alues of Financial Instruments, Share-Based Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (and Goodwill and Other Intangible ) Tj ET Q q 0 0 0 rg BT 191.91 352.25 Td (Assets. ) Tj ET Q q 0 0 0 rg BT 225.35 352.25 Td (These critical accounting policies and material estimates, along with the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (disclosures, are reviewed by Customers' ) Tj ET Q q 0 0 0 rg BT 212.32 340.25 Td (Audit Committee of the Board of Directors.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (Allowance for Loan Losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.62 316.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (Customers maintains an allowance for loan losses at a level management believes is suf) Tj ET Q q 0 0 0 rg BT 400.55 292.25 Td (ficient to absorb estimated credit losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (incurred as of the report date. Management) Tj ET Q q 0 0 0 rg BT 227.71 280.25 Td (s determination of the adequacy of the allowance for loan losses is based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (periodic evaluations of the loan portfolio and other relevant factors. However) Tj ET Q q 0 0 0 rg BT 361.71 268.25 Td (, these evaluations are inherently subjective as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (they require significant estimates by management. Consideration is given to a variety of factors in establishing these estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (including historical losses, peer and industry data, current economic conditions, size and composition of the loan portfolio, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (existence and level of loan concentrations, delinquency statistics, criticized and classified assets and impaired loans, results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (internal loan reviews, borrowers) Tj ET Q q 0 0 0 rg BT 181.99 220.25 Td ( perceived financial and management strengths, adequacy of underlying collateral, dependence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (on collateral, present value of expected future cash flows and other relevant factors. ) Tj ET Q q 0 0 0 rg BT 389.67 208.25 Td (These factors may be susceptible to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (significant change. ) Tj ET Q q 0 0 0 rg BT 130.35 196.25 Td (T) Tj ET Q q 0 0 0 rg BT 135.76 196.25 Td (o the extent actual outcomes dif) Tj ET Q q 0 0 0 rg BT 263.03 196.25 Td (fer from management's estimates, additional provisions for loan losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (may be required which may adversely af) Tj ET Q q 0 0 0 rg BT 212.53 184.25 Td (fect Customers' results of operations in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (Subsequent to the acquisition of purchased credit-impaired loans, estimates of cash flows expected to be collected are updated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (each reporting period based on updated assumptions regarding default rates, loss severities and other factors that are reflective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (of current market conditions. Subsequent decreases in expected cash flows will generally result in a provision for loan losses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (Subsequent increases in expected cash flows will generally result in a reversal of the provision for loan losses to the extent of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (prior char) Tj ET Q q 0 0 0 rg BT 88.96 112.25 Td (ges. Please see below for additional discussions related to the accounting for purchased credit-impaired loans.) Tj ET Q endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (61) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 64.63 742.10 Td (chased Cr) Tj ET Q q 0 0 0 rg BT 105.09 742.10 Td (edit-Impair) Tj ET Q q 0 0 0 rg BT 150.26 742.10 Td (ed Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (For certain acquired loans that have experienced a deterioration of credit quality) Tj ET Q q 0 0 0 rg BT 370.04 718.10 Td (, Customers follows the accounting guidance in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (ASC310-30, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 105.28 706.10 Td (Loans and Debt Securities ) Tj ET Q q 0 0 0 rg BT 213.43 706.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 240.27 706.10 Td (ed with Deteriorated Cr) Tj ET Q q 0 0 0 rg BT 336.28 706.10 Td (edit Quality) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.77 706.10 Td (. Purchased credit-impaired loans are loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (that were acquired in business combinations or asset purchases with evidence of credit deterioration since origination to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (date acquired, and for which it is probable that all contractually required payments will not be collected. Evidence of credit- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (quality deterioration as of purchase dates may include information such as past-due and non-accrual status, borrower credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (scores and recent loan-to-value percentages. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (The fair value of loans with evidence of credit deterioration is recorded net of a nonaccretable dif) Tj ET Q q 0 0 0 rg BT 439.09 634.10 Td (ference and, if appropriate, an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (accretable yield. ) Tj ET Q q 0 0 0 rg BT 120.33 622.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 149.31 622.10 Td (ference between contractually required payments at acquisition and the cash flows expected to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (collected at acquisition is the nonaccretable dif) Tj ET Q q 0 0 0 rg BT 237.52 610.10 Td (ference, which is not included in the carrying amount of acquired loans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Subsequent to acquisition, estimates of cash flows expected to be collected are updated each reporting period based on updated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (assumptions regarding default rates, loss severities, and other factors that are reflective of current market conditions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Subsequent decreases in the estimated cash flows of the loan will generally result in a provision for loan losses. Subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (increases in cash flows will generally result in a reversal of the provision for loan losses to the extent of prior char) Tj ET Q q 0 0 0 rg BT 506.07 562.10 Td (ges or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (reclassification of the dif) Tj ET Q q 0 0 0 rg BT 149.50 550.10 Td (ference from nonaccretable to accretable with a positive impact on accretion of interest income in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (future periods. Further) Tj ET Q q 0 0 0 rg BT 142.35 538.10 Td (, any excess of cash flows expected at the time of acquisition over the estimated fair value is referred to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (as the accretable yield and is recognized in interest income over the remaining life of the loan when there is a reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (expectation about the amount and timing of those cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Purchased credit-impaired loans acquired may be aggregated into one or more pools, provided that the loans have common risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (characteristics. ) Tj ET Q q 0 0 0 rg BT 114.14 478.10 Td (A) Tj ET Q q 0 0 0 rg BT 120.81 478.10 Td ( pool is then accounted for as a single asset with a single composite interest rate and an aggregate expectation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (of cash flows. On a quarterly basis, Customers re-estimates the total cash flows \(both principal and interest\) expected to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (collected over the remaining life of each pool. ) Tj ET Q q 0 0 0 rg BT 239.18 454.10 Td (These estimates incorporate assumptions regarding default rates, loss severities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (the amounts and timing of prepayments and other factors that reflect then-current market conditions. If the timing and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (amounts of expected cash flows on purchased credit-impaired loans are determined not to be reasonably estimable, no interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (is accreted, and the loans are reported as non-accrual loans; however) Tj ET Q q 0 0 0 rg BT 324.19 418.10 Td (, when the timing and amounts of expected cash flows for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (purchased credit-impaired loans are reasonably estimable, interest is accreted, and the loans are reported as performing loans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Char) Tj ET Q q 0 0 0 rg BT 69.26 394.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 90.18 394.10 Td (fs are not recorded on purchased credit-impaired loans until actual losses exceed the estimated losses that were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (recorded as purchase-accounting adjustments at acquisition date.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Deferr) Tj ET Q q 0 0 0 rg BT 76.29 358.10 Td (ed Income T) Tj ET Q q 0 0 0 rg BT 124.80 358.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Customers provides for deferred income taxes using the liability method whereby deferred tax assets are recognized for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (deductible temporary dif) Tj ET Q q 0 0 0 rg BT 148.67 322.10 Td (ferences, and deferred tax liabilities are recognized for taxable temporary dif) Tj ET Q q 0 0 0 rg BT 455.28 322.10 Td (ferences. ) Tj ET Q q 0 0 0 rg BT 495.90 322.10 Td (T) Tj ET Q q 0 0 0 rg BT 501.31 322.10 Td (emporary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 310.10 Td (ferences are the dif) Tj ET Q q 0 0 0 rg BT 137.08 310.10 Td (ferences between the reported amounts of assets and liabilities in the financial statements and their tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 274.10 Td (fects of changes in tax laws and rates on the date of enactment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (On December 22, 2017, the 2017 ) Tj ET Q q 0 0 0 rg BT 185.34 250.10 Td (T) Tj ET Q q 0 0 0 rg BT 190.75 250.10 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 260.20 250.10 Td (Act \(the "Act"\) was enacted into law) Tj ET Q q 0 0 0 rg BT 406.55 250.10 Td (. ) Tj ET Q q 0 0 0 rg BT 413.87 250.10 Td (The ) Tj ET Q q 0 0 0 rg BT 431.36 250.10 Td (Act contained several key tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (provisions including the reduction in the corporate federal tax rate from 35% to 21% ef) Tj ET Q q 0 0 0 rg BT 398.59 238.10 Td (fective January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 498.84 238.10 Td (As a result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Customers is required to re-measure, through income tax expense, its deferred tax assets and liabilities using the enacted rate at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (which it expects them to be recovered or settled. In December 2017, the U.S. Securities and Exchange Commission \("SEC"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (also issued Staf) Tj ET Q q 0 0 0 rg BT 112.04 202.10 Td (f ) Tj ET Q q 0 0 0 rg BT 117.31 202.10 Td (Accounting Bulletin No. 1) Tj ET Q q 0 0 0 rg BT 223.04 202.10 Td (18, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 238.04 202.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 274.61 202.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 286.37 202.10 Td (Accounting Implications of the T) Tj ET Q q 0 0 0 rg BT 416.55 202.10 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 487.48 202.10 Td (Act ") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.50 202.10 Td (\(SAB 1) Tj ET Q q 0 0 0 rg BT 537.41 202.10 Td (18"\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (which allows companies to record provisional amounts during a measurement period not to extend beyond one year of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (enactment date. Since the ) Tj ET Q q 0 0 0 rg BT 156.63 178.10 Td (Act was passed late in December 2017, and ongoing analysis and interpretation of the other key tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (provisions is expected over the next 12 months, Customers considers the deferred tax re-measurements and other items to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (provisional in nature. Customers expects to complete its analysis within the measurement periods in accordance with SAB 1) Tj ET Q q 0 0 0 rg BT 549.24 154.10 Td (18. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (See NOTE 16 - INCOME ) Tj ET Q q 0 0 0 rg BT 156.19 142.10 Td (T) Tj ET Q q 0 0 0 rg BT 161.50 142.10 Td (AXES to Customers' audited financial statements for additional information.) Tj ET Q endstream endobj 127 0 obj <> endobj 128 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (62) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Unr) Tj ET Q q 0 0 0 rg BT 65.74 742.10 Td (ealized Gains and Losses on Securities ) Tj ET Q q 0 0 0 rg BT 223.89 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 229.44 742.10 Td (vailable for Saleand Other) Tj ET Q q 0 0 0 rg BT 338.67 742.10 Td (-Than-T) Tj ET Q q 0 0 0 rg BT 370.54 742.10 Td (emporary Impairment ) Tj ET Q q 0 0 0 rg BT 460.90 742.10 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Customers obtains estimated fair values of debt securities from independent valuation services and brokers. In developing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (these fair values, the valuation services and brokers use estimates of cash flows based on historical performance of similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (instruments in similar rate environments. Debt securities available for sale consist primarily of mortgage-backed securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (issued byU.S. government-sponsored agencies. Customers uses various indicators in determining whether a security is other) Tj ET Q q 0 0 0 rg BT 551.64 682.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (than-temporarily impaired including, for debt securities, when it is probable that the contractual interest and principal will not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (be collected, or for equity securities, whether the market value is below its cost for an extended period of time with low ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (expectation of recovery) Tj ET Q q 0 0 0 rg BT 143.75 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 151.06 646.10 Td (The debt securities are monitored for changes in credit ratings because adverse changes in credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (ratings could indicate a change in the estimated cash flows of the underlying collateral or issuer) Tj ET Q q 0 0 0 rg BT 431.82 634.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (For marketable equity securities, Customers considers the issuer) Tj ET Q q 0 0 0 rg BT 307.53 610.10 Td () Tj ET Q q 0 0 0 rg BT 310.31 610.10 Td (s financial condition, capital strength and near) Tj ET Q q 0 0 0 rg BT 494.77 610.10 Td (-term prospects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (to determine whether an impairment is temporary or other than temporary) Tj ET Q q 0 0 0 rg BT 344.80 598.10 Td (. Customers also considers the volatility of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (security) Tj ET Q q 0 0 0 rg BT 84.43 586.10 Td (s price in comparison to the market as a whole and any recoveries or declines in fair value subsequent to the balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (sheet date. If management determines that the impairment is other than temporary) Tj ET Q q 0 0 0 rg BT 379.51 574.10 Td (, the entire amount of the impairment as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (the balance sheet date is recognized in earnings even if the decision to sell the security has not been made. ) Tj ET Q q 0 0 0 rg BT 479.66 562.10 Td (The fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (security becomes the new amortized cost basis of the investment and is not adjusted for subsequent recoveries in fair value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Beginning January 1, 2018, changes in the fair value of marketable equity securities classified as available for sale will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (recorded in earnings in the period in which they occur and will no longer be deferred in accumulated other comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 86.38 502.10 Td (Amounts previously recorded to accumulated other comprehensive income were reclassified to retained earnings on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (January 1, 2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (At December 31, 2017, management evaluated its available-for) Tj ET Q q 0 0 0 rg BT 303.31 466.10 Td (-sale debt securities for other) Tj ET Q q 0 0 0 rg BT 419.17 466.10 Td (-than-temporary impairment. ) Tj ET Q q 0 0 0 rg BT 540.06 466.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (unrealized losses associated with the available-for) Tj ET Q q 0 0 0 rg BT 250.00 454.10 Td (-sale debt securities were not considered to be other than temporary at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 442.10 Td (, because the losses were related to changes in interest rates and did not af) Tj ET Q q 0 0 0 rg BT 424.13 442.10 Td (fect the expected cash flows of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (the underlying collateral or issuer) Tj ET Q q 0 0 0 rg BT 183.85 430.10 Td (. Customers does not intend to sell these securities, and it is not more likely than not that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Customers will be required to sell the securities before recovery of the amortized cost basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (During the year ended December 31, 2017, Customers recorded other) Tj ET Q q 0 0 0 rg BT 328.32 394.10 Td (-than-temporary impairment losses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.61 394.10 Td ($12.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.50 394.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (related to its equity holdings in Religare for the full amount of the decline in fair value from the cost basis established at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (December 31, 2016, through September 30, 2017, because Customers no longer has the intent to hold these securities until a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (recovery in fair value. ) Tj ET Q q 0 0 0 rg BT 143.11 358.10 Td (The fair value of the Religare equity securities at September 30, 2017, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.17 358.10 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.06 358.10 Td ( became the new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (cost basis of the securities. ) Tj ET Q q 0 0 0 rg BT 161.37 346.10 Td (At December 31, 2017, the fair value of the Religare equity securities was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.43 346.10 Td ($3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.32 346.10 Td (, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (resulted in an unrealized gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.06 334.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.95 334.10 Td ( being recognized in accumulated other comprehensive income with no adjustment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (for deferred taxes as Customers currently does not have a tax strategy in place capable of generating suf) Tj ET Q q 0 0 0 rg BT 465.49 322.10 Td (ficient capital gains to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (utilize any capital losses resulting from the Religare investment. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 75.28 286.10 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.50 286.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (between market participants, other than in a forced or liquidation sale as of the measurement date \(also referred to as an exit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (price\). Management estimates the fair values of financial instruments using a variety of valuation methods. ) Tj ET Q q 0 0 0 rg BT 484.97 238.10 Td (When financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (instruments are actively traded and have quoted market prices, the quoted market prices are used for fair value. ) Tj ET Q q 0 0 0 rg BT 498.80 226.10 Td (When the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (financial instruments are not actively traded, other observable market inputs, such as quoted prices of securities with similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (characteristics, may be used, if available, to determine fair value. ) Tj ET Q q 0 0 0 rg BT 314.98 202.10 Td (When observable market prices do not exist, Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (estimates fair value using unobservable data. ) Tj ET Q q 0 0 0 rg BT 234.20 190.10 Td (The valuation methods and inputs consider factors such as types of underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (assets or liabilities, rates of estimated credit losses, interest rates or discount rates and collateral. ) Tj ET Q q 0 0 0 rg BT 439.42 178.10 Td (The best estimate of fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (involves assumptions including, but not limited to, various performance indicators, such as historical and projected default and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (recovery rates, credit ratings, current delinquency rates, loan-to-value ratios and the possibility of obligor refinancing. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (U.S.GAAP) Tj ET Q q 0 0 0 rg BT 97.14 142.10 Td ( requires the use of fair values in determining the carrying values of certain assets and liabilities, as well as for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (specific disclosures. ) Tj ET Q q 0 0 0 rg BT 135.35 130.10 Td (The most significant uses of fair values include commercial loans to mortgage banking businesses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (residential mortgage loans originated with an intent to sell, available-for) Tj ET Q q 0 0 0 rg BT 338.60 118.10 Td (-sale investment securities, derivative assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (liabilities, impaired loans and foreclosed property and the net assets acquired in business combinations. For additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (information, see NOTE20 DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 235.83 94.10 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 270.09 94.10 Td ( F) Tj ET Q q 0 0 0 rg BT 277.41 94.10 Td (AIR ) Tj ET Q q 0 0 0 rg BT 296.95 94.10 Td (V) Tj ET Q q 0 0 0 rg BT 302.88 94.10 Td (ALUE OF FINANCIAL) Tj ET Q q 0 0 0 rg BT 400.84 94.10 Td ( INSTRUMENTS to Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (audited financial statements.) Tj ET Q endstream endobj 129 0 obj <> endobj 130 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (63) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 68.52 742.10 Td (e-Based Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.51 742.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Customers recognizes compensation expense for share-based awards in accordance with ) Tj ET Q q 0 0 0 rg BT 405.42 718.10 Td (ASC 718, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 447.38 718.10 Td (Compensation Stock ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Compensation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.28 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.10 706.10 Td (The expense recognized for awards of stock options and restricted stock units is based on the fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (awards on the date of grant, with compensation expense recognized over the service period, which is usually the vesting period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (For performance-based awards, compensation cost is recognized over the vesting period as long as it remains probable that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (performance conditions will be met. If the service or performance conditions are not met, Customers reverses previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (recorded compensation expense upon forfeiture. Customers generally utilizes the Black-Scholes option-pricing model to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (estimate the fair value of each option on the date of grant. ) Tj ET Q q 0 0 0 rg BT 285.84 646.10 Td (The Black-Scholes model takes into consideration the exercise price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (of the option, the expected life of the option, the current price of the underlying stock and its expected volatility) Tj ET Q q 0 0 0 rg BT 496.16 634.10 Td (, expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (dividends on the stock and the current risk-free interest rate for the expected life of the option. Customers' estimate of the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (value of a stock option is based on expectations derived from its limited historical experience and may not necessarily equate to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (market value when fully vested. ) Tj ET Q q 0 0 0 rg BT 182.83 598.10 Td (The fair value of the restricted stock units is generally determined based on the closing market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (price of Customers' common stock on the date of grant. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Goodwill and Other Intangible ) Tj ET Q q 0 0 0 rg BT 176.48 562.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Goodwill represents the excess of the purchase price over the fair value of identifiable net assets of businesses acquired through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (business combinations accounted for under the acquisition method. Other intangible assets represent purchased assets that lack ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (physical substance but can be distinguished from goodwill because of contractual or other legal rights. Intangible assets that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (have finite lives, such as customer and university relationship intangibles and non-compete agreements, are amortized over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (their estimated useful lives and subject to periodic impairment testing. Goodwill and other intangible assets recognized as part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (of the Disbursement business acquisition in June 2016 were based on a preliminary allocation of the purchase price. ) Tj ET Q q 0 0 0 rg BT 518.21 478.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (December 31, 2016, Customers recorded adjustments to the estimated fair values of the net assets acquired, which resulted in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 454.10 Td ( increase in goodwill. For more information regarding the net assets acquired and goodwill recorded upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (acquisition of the Disbursement business, see NOTE 2 - ) Tj ET Q q 0 0 0 rg BT 276.07 442.10 Td (ACQUISITION ) Tj ET Q q 0 0 0 rg BT 342.46 442.10 Td (ACTIVITY) Tj ET Q q 0 0 0 rg BT 389.30 442.10 Td ( to Customers' audited financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Goodwill and other intangible assets are reviewed for impairment annually as of October 31 and between annual tests when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (events and circumstances indicate that impairment may have occurred. Customers early adopted ) Tj ET Q q 0 0 0 rg BT 439.31 394.10 Td (Accounting Standards Update ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (\("ASU"\) 2017-04, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 125.66 382.10 Td (Simplifying the T) Tj ET Q q 0 0 0 rg BT 193.07 382.10 Td (est for Goodwill Impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.24 382.10 Td ( during its annual goodwill impairment review in October ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 77.32 370.10 Td (The new rules under this guidance provide that the goodwill impairment char) Tj ET Q q 0 0 0 rg BT 386.22 370.10 Td (ge will be the amount by which the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (reporting unit's carrying amount exceeds its fair value; however) Tj ET Q q 0 0 0 rg BT 304.65 358.10 Td (, the loss recognized should not exceed the total amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (goodwill allocated to that reporting unit. ) Tj ET Q q 0 0 0 rg BT 216.45 346.10 Td (The same one-step impairment test is applied to goodwill at all reporting units. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Customers applies a qualitative assessment for its reporting units to determine if the one-step quantitative impairment test is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 88.22 322.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Intangible assets subject to amortization are reviewed for impairment under ) Tj ET Q q 0 0 0 rg BT 354.34 298.10 Td (ASC 360, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 396.29 298.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 405.92 298.10 Td (operty) Tj ET Q q 0 0 0 rg BT 430.92 298.10 Td (, Plant, and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.41 298.10 Td (, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (requires that a long-lived asset or asset group be tested for recoverability whenever events or changes in circumstances indicate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (that the carrying value may not be recoverable. ) Tj ET Q q 0 0 0 rg BT 243.07 274.10 Td (The carrying value of a long-lived asset is not recoverable if it exceeds the sum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (of the undiscounted cash flows expected to result from the use and eventual disposition of the asset.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (Like most financial institutions, Customers derives the majority of its income from interest it receives on its interest-earning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (assets, such as loans and investments. Customers' primary source of funds for making these loans and investments is its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (deposits and borrowings, on which it pays interest. Consequently) Tj ET Q q 0 0 0 rg BT 312.37 181.10 Td (, one of the key measures of Customers' success is the amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (of its net interest income, or the dif) Tj ET Q q 0 0 0 rg BT 190.34 169.10 Td (ference between the income on its interest-earning assets and the expense on its interest-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (bearing liabilities, such as deposits and borrowings. ) Tj ET Q q 0 0 0 rg BT 261.08 157.10 Td (Another key measure is the spread between the yield earned on these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (interest-earning assets and the rate paid on these interest-bearing liabilities, which is referred to as net interest mar) Tj ET Q q 0 0 0 rg BT 506.32 145.10 Td (gin.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (There is credit risk inherent in all loans, so Customers maintains an allowance for loan losses to absorb probable losses on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (existing loans that may become uncollectible. Customers maintains this allowance by char) Tj ET Q q 0 0 0 rg BT 413.89 109.10 Td (ging a provision for loan losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (against its operating earnings. Customers has included a detailed discussion of this process, as well as several tables describing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (its allowance for loan losses, in NOTE 4 - SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 283.12 85.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.06 85.10 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 399.51 85.10 Td (AND BASIS OF PRESENT) Tj ET Q q 0 0 0 rg BT 512.34 85.10 Td (A) Tj ET Q q 0 0 0 rg BT 518.46 85.10 Td (TION and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (NOTE 9 - LOANS RECEIV) Tj ET Q q 0 0 0 rg BT 163.14 73.10 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 191.20 73.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 214.81 73.10 Td (ALLOW) Tj ET Q q 0 0 0 rg BT 249.80 73.10 Td (ANCE FOR LOAN LOSSES to Customers' audited financial statements.) Tj ET Q endstream endobj 131 0 obj <> endobj 132 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (BankMobile, a division of Customers Bank, derives a majority of its revenue from interchange and card revenue. In third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (quarter 2017, Customers decided that the best strategy for its shareholders to realize the value of BankMobile's business was to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (divest BankMobile through a spin-of) Tj ET Q q 0 0 0 rg BT 197.58 718.10 Td (f of BankMobile to Customers' shareholders to be followed by a mer) Tj ET Q q 0 0 0 rg BT 472.20 718.10 Td (ger of Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (BankMobile ) Tj ET Q q 0 0 0 rg BT 102.31 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 107.72 706.10 Td (echnologies, Inc. \("BMT"\) subsidiary with Flagship Community Bank \("Flagship"\). ) Tj ET Q q 0 0 0 rg BT 448.20 706.10 Td (An ) Tj ET Q q 0 0 0 rg BT 462.37 706.10 Td (Amended and Restated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Purchase and ) Tj ET Q q 0 0 0 rg BT 104.99 694.10 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 155.27 694.10 Td (Agreement and Plan of Mer) Tj ET Q q 0 0 0 rg BT 266.72 694.10 Td (ger \(the Amended ) Tj ET Q q 0 0 0 rg BT 345.30 694.10 Td (Agreement\) with Flagship to ef) Tj ET Q q 0 0 0 rg BT 475.09 694.10 Td (fect the spin-of) Tj ET Q q 0 0 0 rg BT 535.44 694.10 Td (f and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (mer) Tj ET Q q 0 0 0 rg BT 65.37 682.10 Td (ger and Flagship) Tj ET Q q 0 0 0 rg BT 134.80 682.10 Td (s related purchase of BankMobile deposits from Customers was executed on November 17, 2017. Per the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (provisions of the ) Tj ET Q q 0 0 0 rg BT 119.17 670.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 159.99 670.10 Td (Agreement, the spin-of) Tj ET Q q 0 0 0 rg BT 252.28 670.10 Td (f will be followed by a mer) Tj ET Q q 0 0 0 rg BT 360.96 670.10 Td (ger of BMT) Tj ET Q q 0 0 0 rg BT 408.54 670.10 Td ( into Flagship, with Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (shareholders first receiving shares of BMT) Tj ET Q q 0 0 0 rg BT 221.16 658.10 Td ( as a dividend in the spin-of) Tj ET Q q 0 0 0 rg BT 332.07 658.10 Td (f and then receiving shares of Flagship common stock in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (the mer) Tj ET Q q 0 0 0 rg BT 80.08 646.10 Td (ger of BMT) Tj ET Q q 0 0 0 rg BT 127.67 646.10 Td ( into Flagship in exchange for the shares of BMT) Tj ET Q q 0 0 0 rg BT 324.39 646.10 Td ( they received in the spin-of) Tj ET Q q 0 0 0 rg BT 436.12 646.10 Td (f. Flagship will separately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (purchase BankMobile deposits directly from Customers for cash. Customers expects the transactions to close in mid-2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (At December 31, 2016, BankMobile met the criteria to be classified as held for sale and, accordingly) Tj ET Q q 0 0 0 rg BT 452.83 610.10 Td (, the assets and liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (of BankMobile were presented as Assets held for sale, Non-interest bearing deposits held for sale and Other liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (held for sale, and BankMobile) Tj ET Q q 0 0 0 rg BT 178.57 586.10 Td (s operating results and associated cash flows were presented as Discontinued operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Beginning in third quarter 2017, the period in which Customers decided to spin-of) Tj ET Q q 0 0 0 rg BT 378.93 574.10 Td (f BankMobile rather than sell it directly to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (third party) Tj ET Q q 0 0 0 rg BT 91.28 562.10 Td (, BankMobile's assets, liabilities, operating results and cash flows were no longer reported as held for sale or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (discontinued operations but instead were reported as held and used. Prior reported assets held for sale, non-interest bearing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (deposits held for sale and other liabilities held for sale have been reclassified to conform with the December 31, 2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 105.82 526.10 Td (Amounts previously reported as discontinued operations also have been reclassified to conform with the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (ended December 31, 2017 presentation.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 208.83 514.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.33 514.10 Td ( See NOTE 3 - SPIN-OFF ) Tj ET Q q 0 0 0 rg BT 318.56 514.10 Td (AND MERGER to Customers' audited financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (2018 Economic Outlook) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (Building of) Tj ET Q q 0 0 0 rg BT 95.65 463.10 Td (f the momentum gained in 2017, the U.S. economy is expected to continue its expansion in 2018. ) Tj ET Q q 0 0 0 rg BT 489.85 463.10 Td (This continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (economic growth should result in a tighter labor market and accelerated wage growth. U.S. Real Gross Domestic Product is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (projected in the 2.50% to 2.75% range in 2018, which will be driven, in part, by the anticipated stimulative impact of the recent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (tax legislation passed by the U.S. Government. ) Tj ET Q q 0 0 0 rg BT 242.47 427.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 292.37 427.10 Td (, while inflation remains below the Federal Reserve's tar) Tj ET Q q 0 0 0 rg BT 517.53 427.10 Td (get of 2% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (on a year) Tj ET Q q 0 0 0 rg BT 86.45 415.10 Td (-over) Tj ET Q q 0 0 0 rg BT 107.34 415.10 Td (-year basis, it is expected to stabilize around that level over the medium term. ) Tj ET Q q 0 0 0 rg BT 422.34 415.10 Td (W) Tj ET Q q 0 0 0 rg BT 431.38 415.10 Td (ith respect to interest rates, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (Federal Reserve is expected to continue to raise the overnight rate, increasing it three times by the end of 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (While the economic outlook in the U.S. remains optimistic in the short run, keeping the economy on a sustainable path over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (longer term will most likely become more challenging. For example, while the recently passed tax legislation will support ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (growth over the near term, it will increase the longer) Tj ET Q q 0 0 0 rg BT 260.28 358.10 Td (-term fiscal burden of the country) Tj ET Q q 0 0 0 rg BT 394.30 358.10 Td (. Other potential concerns for the longer) Tj ET Q q 0 0 0 rg BT 556.82 358.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (term economic outlook include the flattening of the yield curve and/or the possibility of an inverted yield curve \(which may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (signal a future recession\), the risk of economic overheating over the next few years and concerns surrounding the long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (fiscal position of the U.S. \(e.g., the federal deficit, rising debt-service costs and increasing entitlement spending as the Baby ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Boomers retire\). Overall, Customers' management is optimistic that 2018 will generally show a continuation of the improving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (economic environment experienced in 2017, with continued moderate growth in the Bank's market area and improving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (unemployment or at least remaining at current levels during the year) Tj ET Q q 0 0 0 rg BT 323.24 286.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (The following discussion of Customers Bancorp) Tj ET Q q 0 0 0 rg BT 246.37 226.10 Td (s consolidated results of operations should be read in conjunction with its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (consolidated financial statements, including the accompanying notes. ) Tj ET Q q 0 0 0 rg BT 331.59 214.10 Td (Also see Critical ) Tj ET Q q 0 0 0 rg BT 400.19 214.10 Td (Accounting Policies in this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 173.17 202.10 Td (Analysis and NOTE4 - SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 332.70 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.65 202.10 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 449.10 202.10 Td (AND BASIS OF ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (PRESENT) Tj ET Q q 0 0 0 rg BT 92.54 190.10 Td (A) Tj ET Q q 0 0 0 rg BT 98.65 190.10 Td (TION to Customers' audited financial statements for information concerning certain significant accounting policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (and estimates applied in determining reported results of operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 154.10 Td (December31, 2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 154.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 154.10 Td (2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 154.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Net income available to common shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.27 130.10 Td (declined) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.14 130.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.64 130.10 Td ($4.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.54 130.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.37 130.10 Td (7.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.20 130.10 Td (,to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.47 130.10 Td ($64.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.37 130.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 118.10 Td (, when compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.95 118.10 Td ($69.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.84 118.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.30 118.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.88 118.10 Td (. ) Tj ET Q q 0 0 0 rg BT 427.20 118.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.25 118.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.66 118.10 Td ( in net income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (available to common shareholders resulted from increases in non-interest expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.61 106.10 Td ($37.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 106.10 Td (, preferred stock dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 94.10 Td ($4.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.72 94.10 Td ( and provision for loan losses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.54 94.10 Td ($3.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.43 94.10 Td (, of) Tj ET Q q 0 0 0 rg BT 302.58 94.10 Td (fset in part by increases in non-interest income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.79 94.10 Td ($22.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.68 94.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (and net interest income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.35 82.10 Td ($17.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.24 82.10 Td ( and a decrease in tax expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.07 82.10 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.96 82.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (Net interest income increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.06 58.10 Td ($17.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.95 58.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.78 58.10 Td (7.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.61 58.10 Td (, for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.57 58.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.16 58.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.43 58.10 Td ($267.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.33 58.10 Td (, when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.20 46.10 Td ($249.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.09 46.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.55 46.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.14 46.10 Td (. ) Tj ET Q q 0 0 0 rg BT 324.46 46.10 Td (The increase in net interest income was driven primarily ) Tj ET Q endstream endobj 133 0 obj <> endobj 134 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (by an increase in the average balance of interest-earnings assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.93 742.10 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.05 742.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.88 742.10 Td (1) Tj ET Q q 0 0 0 rg BT 384.51 742.10 Td (1.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.34 742.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.62 742.10 Td ($9.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.73 742.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 730.10 Td (, when compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.95 730.10 Td ($8.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.06 730.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.52 730.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.10 730.10 Td (, of) Tj ET Q q 0 0 0 rg BT 425.25 730.10 Td (fset in part by the narrowing of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (net interest mar) Tj ET Q q 0 0 0 rg BT 112.02 718.10 Td (gin \(tax equivalent\) by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.32 718.10 Td (1) Tj ET Q q 0 0 0 rg BT 209.95 718.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.95 718.10 Td ( basis points \(from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.17 718.10 Td (2.84%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.00 718.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.78 718.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.78 718.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.55 718.10 Td (2.73%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.38 718.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.16 718.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.16 718.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 432.44 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 438.92 718.10 Td (verage loans outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.25 706.10 Td ($0.6 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.37 706.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 706.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.03 706.10 Td (, particularly multi-family loans increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.53 706.10 Td ($0.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.64 706.10 Td ( and commercial and industrial loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.25 694.10 Td ($0.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.37 694.10 Td ( as Customers continued its ef) Tj ET Q q 0 0 0 rg BT 256.45 694.10 Td (forts to grow its business. Net interest mar) Tj ET Q q 0 0 0 rg BT 428.18 694.10 Td (gin decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.38 694.10 Td (1) Tj ET Q q 0 0 0 rg BT 490.00 694.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 694.10 Td ( basis points ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 682.10 Td (gely due to the increased cost of obtaining deposits to fund the assets of 29 basis points. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (The provision for loan losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.59 658.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.35 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.85 658.10 Td ($3.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.74 658.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.52 658.10 Td ($6.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.41 658.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.87 658.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.45 658.10 Td (, when compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td ($3.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 646.10 Td ( for the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.64 646.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.64 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 218.96 646.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.01 646.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.76 646.10 Td ( in the provision for loan losses during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.41 646.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.41 646.10 Td ( included $2.3 million for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (loan-portfolio growth and $5.6 million for impaired loans, of) Tj ET Q q 0 0 0 rg BT 293.66 634.10 Td (fset in part by a $1.1 million release resulting from improved asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (quality and lower incurred losses than previously estimated. Net char) Tj ET Q q 0 0 0 rg BT 328.91 622.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 349.82 622.10 Td (fs for 2017 were $6.1 million compared to net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 610.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 87.94 610.10 Td (fs for 2016 of $1.7 million. ) Tj ET Q q 0 0 0 rg BT 201.37 610.10 Td (There were no significant changes in Customers' methodology for estimating the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (allowance for loan losses or policies regarding char) Tj ET Q q 0 0 0 rg BT 255.58 598.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 276.49 598.10 Td (fs in 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Non-interest income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.42 574.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.17 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.67 574.10 Td ($22.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.56 574.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.39 574.10 Td (40.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.22 574.10 Td (, for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.77 574.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.77 574.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.05 574.10 Td ($78.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.94 574.10 Td (, when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.20 562.10 Td ($56.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.09 562.10 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.14 562.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.14 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 319.46 562.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.50 562.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.26 562.10 Td ( in non-interest income resulted primarily from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (increases in interchange and card revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.19 550.10 Td ($16.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.08 550.10 Td (, reflecting a full year of operations of the BankMobile Disbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (business acquired in June 2016, gains on sales of investment securities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.78 538.10 Td ($8.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.67 538.10 Td (, bank-owned life insurance income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td ($2.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 526.10 Td ( and deposit fees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.15 526.10 Td ($2.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.04 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 235.36 526.10 Td (These increases were of) Tj ET Q q 0 0 0 rg BT 330.96 526.10 Td (fset in part by an increase in impairment losses on equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (securities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.09 514.10 Td ($5.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.99 514.10 Td ( and a decrease in mortgage warehouse transaction fees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.88 514.10 Td ($2.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.77 514.10 Td ( resulting from lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (transaction volumes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Non-interest expense increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.45 478.10 Td ($37.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.34 478.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.17 478.10 Td (21.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 478.10 Td (, during the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.99 478.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.99 478.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.27 478.10 Td ($215.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.16 478.10 Td (, when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.20 466.10 Td ($178.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.09 466.10 Td ( during the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.59 466.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.59 466.10 Td (. ) Tj ET Q q 0 0 0 rg BT 338.91 466.10 Td (The increase in non-interest expense was primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (driven by increases in BankMobile operating expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.16 454.10 Td ($39.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.05 454.10 Td (, reflecting a full year of operations for the BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Disbursement business in 2017 and 6.5 months of BankMobile operations in 2016. ) Tj ET Q q 0 0 0 rg BT 386.18 442.10 Td (The increases in BankMobile expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (included a $10.4 million increase in salaries and employee benefits, a $20.2 million increase in technology) Tj ET Q q 0 0 0 rg BT 475.89 430.10 Td (, communication and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (bank operation expenses and a $5.4 million increase in professional services. On a consolidated basis, salaries and employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (benefits increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.41 406.10 Td ($14.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.30 406.10 Td (, technology) Tj ET Q q 0 0 0 rg BT 227.08 406.10 Td (, communications and bank operations increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.97 406.10 Td ($19.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.86 406.10 Td (, professional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (services increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.96 394.10 Td ($7.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.85 394.10 Td ( and occupancy expenses increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.40 394.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.29 394.10 Td (. ) Tj ET Q q 0 0 0 rg BT 373.61 394.10 Td (These increases were of) Tj ET Q q 0 0 0 rg BT 469.21 394.10 Td (fset in part by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (decreases in FDIC assessments, non-income taxes, and regulatory fees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.47 382.10 Td ($5.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.36 382.10 Td (, other real estate owned expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.75 382.10 Td ($1.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 370.10 Td ( and mer) Tj ET Q q 0 0 0 rg BT 113.70 370.10 Td (ger and acquisition related expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.42 370.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.31 370.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (Income tax expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.91 346.10 Td (declined) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.78 346.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.28 346.10 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.17 346.10 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.22 346.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.22 346.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.50 346.10 Td ($45.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.39 346.10 Td (, when compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.75 346.10 Td ($45.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 334.10 Td ( in the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.76 334.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.76 334.10 Td (. ) Tj ET Q q 0 0 0 rg BT 195.08 334.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.13 334.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.54 334.10 Td ( in income tax expense was driven primarily by a tax benefit recognized of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td ($12.0 million as a result of the exercises of employee stock options and vesting of restricted stock units and decreased pre-tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.76 310.10 Td ($0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.66 310.10 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.43 310.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.43 310.10 Td (, of) Tj ET Q q 0 0 0 rg BT 187.58 310.10 Td (fset in part by a deferred tax asset re-measurement char) Tj ET Q q 0 0 0 rg BT 408.68 310.10 Td (ge to income tax expense of $5.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (million due to the enactment of the ) Tj ET Q q 0 0 0 rg BT 192.28 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 197.69 298.10 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 267.14 298.10 Td (Act in December 2017. Customers' ef) Tj ET Q q 0 0 0 rg BT 420.11 298.10 Td (fective tax rate decreased by 0.4% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (to 36.4% for 2017 from 36.8% for 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.10 Td (Preferred stock dividends increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.95 264.10 Td ($4.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.84 264.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.50 264.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.50 264.10 Td (, reflecting a full year of dividends paid on the Series E and Series F ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.10 Td (Preferred Stock issued in ) Tj ET Q q 0 0 0 rg BT 152.20 252.10 Td (April 2016 and September 2016, respectively) Tj ET Q q 0 0 0 rg BT 333.17 252.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 228.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 228.10 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 228.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 228.10 Td (2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 228.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.10 Td (Net income available to common shareholders increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.53 204.10 Td ($13.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.42 204.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.25 204.10 Td (23.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.08 204.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.36 204.10 Td ($69.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.25 204.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 192.10 Td (, when compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.95 192.10 Td ($56.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.84 192.10 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.88 192.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.88 192.10 Td (. ) Tj ET Q q 0 0 0 rg BT 427.20 192.10 Td (The increased net income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.10 Td (available to common shareholders resulted from an increase in net interest income of $53.2 million, an increase in non-interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.10 Td (income of $28.7 million and a decrease in the provision for loan losses of $17.5 million, partially of) Tj ET Q q 0 0 0 rg BT 449.18 168.10 Td (fset by increases in non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.10 Td (interest expense of $63.3 million, tax expense of $16.0 million and preferred stock dividends of $7.0 million. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.10 Td (Net interest income increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.06 132.10 Td ($53.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.95 132.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.78 132.10 Td (27.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.61 132.10 Td (, for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.57 132.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.16 132.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.43 132.10 Td ($249.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.33 132.10 Td (, when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.10 Td (compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.20 120.10 Td ($196.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.09 120.10 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.14 120.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.14 120.10 Td (. ) Tj ET Q q 0 0 0 rg BT 324.46 120.10 Td (The increase in net interest income was driven by an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.10 Td (increase in the average balances of loans and securities of $1.8 billion, from $6.7 billion in 2015 to $8.5 billion in 2016, as well ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.10 Td (as the expansion of net interest mar) Tj ET Q q 0 0 0 rg BT 191.44 96.10 Td (gin by 3 basis points \(from 2.81% in 2015 to 2.84% in 2016\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td (The provision for loan losses decreased $17.5 million to $3.0 million for the year ended December 31, 2016, when compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.10 Td ($20.6 million for the year ended December 31, 2015. ) Tj ET Q q 0 0 0 rg BT 267.26 60.10 Td (The decrease in the provision for loan losses during 2016 primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.10 Td (resulted from a provision expense of $9.0 million recorded in 2015 for a fraudulent loan that was char) Tj ET Q q 0 0 0 rg BT 457.48 48.10 Td (ged of) Tj ET Q q 0 0 0 rg BT 482.56 48.10 Td (f in its entirety ) Tj ET Q endstream endobj 135 0 obj <> endobj 136 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (during 2015, a $2.5 million decrease as a result of greater growth in loans held for investment in 2015 as compared to 2016, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (benefit of $0.3 million in 2016 attributable to FDIC loss sharing arrangements versus expense of $3.9 million in 2015 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (recoveries totaling $2.7 million in 2016 compared to recoveries of $1.4 million in 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Non-interest income increased $28.7 million, or 103.4%, for the year ended December 31, 2016, to $56.4 million, when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (compared to $27.7 million for the year ended December 31, 2015. ) Tj ET Q q 0 0 0 rg BT 319.46 682.10 Td (The increase in non-interest income resulted primarily from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (the acquisition of the Disbursement business in June 2016, which increased interchange and card revenues by $24.1 million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (increases in deposit fees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.24 658.10 Td ($7.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.13 658.10 Td (, and other income of $5.8 million driven by increases in university fees and a $2.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (million recovery of a previously recorded loss received in 2016. ) Tj ET Q q 0 0 0 rg BT 310.85 646.10 Td (These increases were of) Tj ET Q q 0 0 0 rg BT 406.45 646.10 Td (fset in part by an other) Tj ET Q q 0 0 0 rg BT 496.50 646.10 Td (-than-temporary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (impairment char) Tj ET Q q 0 0 0 rg BT 115.63 634.10 Td (ge of $7.3 million recorded in 2016 on equity securities, and a decrease in bank-owned life insurance income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (of $2.3 million as a result of a $2.4 million benefit received on a bank-owned life insurance policy in 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Non-interest expense increased $63.3 million, or 55.1%, during the year ended December 31, 2016, to $178.2 million, when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (compared to $1) Tj ET Q q 0 0 0 rg BT 111.83 586.10 Td (14.9 million during the year ended December 31, 2015. ) Tj ET Q q 0 0 0 rg BT 338.54 586.10 Td (The increase was primarily driven by increases in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (salaries and employee benefits of $21.9 million, technology) Tj ET Q q 0 0 0 rg BT 288.46 574.10 Td (, communication and bank operation expenses of $16.2 million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (FDIC assessments, non-income taxes, and regulatory fees of $2.4 million, professional services of $9.6 million, occupancy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (expenses of $1.7 million and one-time char) Tj ET Q q 0 0 0 rg BT 222.83 550.10 Td (ges of $1.4 million associated with legal matters. Most of the increased non-interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (expense was attributable to the increased level of staf) Tj ET Q q 0 0 0 rg BT 263.07 538.10 Td (f, core processing and technology-related expenses and other operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (expenses arising from the acquisition of the Disbursement business in June 2016 as well as the or) Tj ET Q q 0 0 0 rg BT 439.19 526.10 Td (ganic growth of the Bank. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Income tax expense increased $16.0 million for the year ended December 31, 2016, to $45.9 million, when compared to $29.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (million in the same period in 2015. ) Tj ET Q q 0 0 0 rg BT 192.58 490.10 Td (The increase in income tax expense was driven primarily by increased pre-tax income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td ($36.1 million in 2016 partially of) Tj ET Q q 0 0 0 rg BT 183.14 478.10 Td (fset by the early adoption of ) Tj ET Q q 0 0 0 rg BT 297.55 478.10 Td (ASU 2016-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 358.39 478.10 Td (Impr) Tj ET Q q 0 0 0 rg BT 377.46 478.10 Td (ovements to Employee Shar) Tj ET Q q 0 0 0 rg BT 487.89 478.10 Td (e-Based) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.10 478.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 522.60 478.10 Td (Payment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.58 478.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.54 466.10 Td (, which decreased income tax expense by $4.1 million for the year ended December 31, 2016. Customers' ef) Tj ET Q q 0 0 0 rg BT 530.36 466.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (tax rate increased by 3.0% to 36.8% for 2016 from 33.8% for 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Preferred stock dividends increased $7.0 million for 2016 due to the issuance of the Series D, Series E and Series F Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Stock during 2016 with an aggregate principal balance of $167.5 million and an average dividend yield of 6.23%.) Tj ET Q endstream endobj 137 0 obj <> endobj 138 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (67) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.00 742.25 Td (NET) Tj ET Q q 0 0 0 rg BT 267.38 742.25 Td ( INTEREST) Tj ET Q q 0 0 0 rg BT 320.28 742.25 Td ( INCOME) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Net interest income \(the dif) Tj ET Q q 0 0 0 rg BT 159.78 718.25 Td (ference between the interest earned on loans, investments and interest-earning deposits with banks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (and interest paid on deposits, borrowed funds and subordinated debt\) is the primary source of Customers' earnings. ) Tj ET Q q 0 0 0 rg BT 514.30 706.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (following table summarizes Customers' net interest income and related interest spread and net interest mar) Tj ET Q q 0 0 0 rg BT 475.38 694.25 Td (gin for the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (ended December 31, 2017, 2016 and 2015.) 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1 rg /GS0 gs 232.50 551.75 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 551.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 551.75 33.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 551.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 551.75 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 551.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 551.75 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 551.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 551.75 33.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 551.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 551.75 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 551.75 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 551.75 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 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0.9333333333333333 1 rg /GS0 gs 228.50 457.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 457.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 457.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 457.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 457.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 457.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 457.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 457.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 457.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 457.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 457.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 457.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 457.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 457.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 457.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 457.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 431.75 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 431.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 431.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 431.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 431.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 431.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 431.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 431.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 431.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 431.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 431.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 431.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 431.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 431.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 431.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 431.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 431.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 431.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 405.75 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 405.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 405.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 405.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 405.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 405.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 405.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 405.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 405.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 405.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 405.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 405.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 405.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 405.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 405.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 405.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 405.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 405.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 379.75 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 379.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 379.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 379.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 379.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 379.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 379.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 379.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 379.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 379.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 379.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 379.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 379.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 379.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 379.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 379.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 379.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 379.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 353.75 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 353.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 353.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 353.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 353.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 353.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 353.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 353.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 353.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 353.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 353.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 353.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 353.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 353.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 353.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 353.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 353.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 353.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 327.75 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 327.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 327.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 327.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 327.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 327.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 327.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 327.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 327.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 327.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 327.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 327.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 327.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 327.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 327.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 327.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 327.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 327.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 301.75 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 301.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 301.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 301.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 301.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 301.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 301.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 301.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 301.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 301.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 301.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 301.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 301.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 301.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 301.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 301.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 301.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 301.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 275.75 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 275.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 275.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 275.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 275.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 275.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 275.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 275.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 275.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 275.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 275.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 275.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 275.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 275.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 275.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 275.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 275.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 275.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 249.75 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 249.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 249.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 249.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 249.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 249.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 249.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 249.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 249.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 249.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 249.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 249.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 249.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 249.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 249.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 249.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 249.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 249.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 215.75 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 215.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 215.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 215.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 215.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 215.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 215.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 215.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 215.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 215.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 215.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 215.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 215.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 215.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 215.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 215.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 215.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 215.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 189.75 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 189.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 189.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 189.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 189.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 189.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 189.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 189.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 189.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 189.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 189.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 189.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 189.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 189.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 189.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 189.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 189.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 189.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 163.75 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 163.75 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 163.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 163.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 163.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 163.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 309.50 163.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 163.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 163.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 163.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 163.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 163.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 163.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 163.75 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 163.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 163.75 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 163.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 527.50 163.75 33.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 658.75 m 228.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 658.75 m 232.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 658.75 m 272.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 658.75 m 276.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 658.75 m 309.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 658.75 m 313.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 658.75 m 355.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 658.75 m 359.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 658.75 m 398.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 658.75 m 402.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 658.75 m 435.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 658.75 m 439.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 658.75 m 480.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 658.75 m 484.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 658.75 m 523.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 658.75 m 527.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527.5 658.75 m 560.5 658.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 645.75 m 228.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 645.75 m 232.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 645.75 m 272.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 645.75 m 276.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 645.75 m 309.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 645.75 m 355.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 645.75 m 359.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 645.75 m 398.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 645.75 m 402.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 645.75 m 435.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 645.75 m 480.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 645.75 m 484.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 645.75 m 523.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 645.75 m 527.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527.5 645.75 m 560.5 645.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 616.75 m 228.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 616.75 m 272.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 616.75 m 309.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 616.75 m 355.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 616.75 m 398.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 616.75 m 435.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 616.75 m 480.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 616.75 m 523.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 527.5 616.75 m 560.5 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 470.75 m 228.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 470.75 m 272.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 470.75 m 355.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 470.75 m 398.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 470.75 m 480.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 470.75 m 523.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 444.75 m 355.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 444.75 m 398.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 444.75 m 480.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 444.75 m 523.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 444.75 m 228.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 444.75 m 272.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 418.75 m 228.5 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 406.75 m 228.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 404.75 m 228.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 418.75 m 355.5 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 406.75 m 355.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 404.75 m 355.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 418.75 m 480.5 418.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 406.75 m 480.5 406.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 404.75 m 480.5 404.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 340.75 m 228.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 340.75 m 272.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 340.75 m 355.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 340.75 m 398.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 340.75 m 480.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 340.75 m 523.5 340.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 314.75 m 228.5 314.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 314.75 m 272.5 314.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 314.75 m 355.5 314.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 314.75 m 398.5 314.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 314.75 m 480.5 314.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 314.75 m 523.5 314.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 288.75 m 228.5 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 288.75 m 355.5 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 288.75 m 480.5 288.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 262.75 m 228.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 262.75 m 355.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 262.75 m 480.5 262.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 236.75 m 228.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 236.75 m 355.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 236.75 m 480.5 236.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 216.75 m 228.5 216.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 214.75 m 228.5 214.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 216.75 m 355.5 216.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 214.75 m 355.5 214.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 216.75 m 480.5 216.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 214.75 m 480.5 214.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 189.75 m 272.5 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 189.75 m 398.5 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 189.75 m 523.5 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 189.75 m 272.5 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 177.75 m 272.5 177.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 175.75 m 272.5 175.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 189.75 m 398.5 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 177.75 m 398.5 177.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 175.75 m 398.5 175.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 189.75 m 523.5 189.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 177.75 m 523.5 177.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 175.75 m 523.5 175.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 663.00 Td (For the ) Tj ET Q q 0 0 0 rg BT 340.34 663.00 Td (Y) Tj ET Q q 0 0 0 rg BT 345.57 663.00 Td (ears Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 238.00 650.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.00 650.00 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.50 650.00 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.25 629.00 Td (A) Tj ET Q q 0 0 0 rg BT 197.43 629.00 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.25 621.00 Td (balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.00 637.00 Td (Interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.85 629.00 Td (incomeor) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.10 621.00 Td (expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.25 637.00 Td (A) Tj ET Q q 0 0 0 rg BT 284.43 637.00 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.15 629.00 Td (yield or) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.05 621.00 Td (cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.75 629.00 Td (A) Tj ET Q q 0 0 0 rg BT 325.93 629.00 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.75 621.00 Td (balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.50 637.00 Td (Interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.35 629.00 Td (incomeor) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.60 621.00 Td (expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.25 637.00 Td (A) Tj ET Q q 0 0 0 rg BT 410.43 637.00 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.15 629.00 Td (yieldor) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.05 621.00 Td (cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.25 629.00 Td (A) Tj ET Q q 0 0 0 rg BT 451.43 629.00 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.25 621.00 Td (balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.50 637.00 Td (Interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.35 629.00 Td (incomeor) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.60 621.00 Td (expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.25 637.00 Td (A) Tj ET Q q 0 0 0 rg BT 535.43 637.00 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 531.15 629.00 Td (yield or) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.05 621.00 Td (cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 608.00 Td (\(amounts in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 595.83 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 582.70 Td (Interest-earning deposits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.00 582.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 582.00 Td (296,305) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.00 582.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.25 582.00 Td (3,132) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 582.00 Td (1.06) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 582.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 582.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.60 582.00 Td (225,409) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 582.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.25 582.00 Td (1,218) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 582.00 Td (0.54) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 582.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 582.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 582.00 Td (271,201) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.00 582.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.25 582.00 Td (718) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 582.00 Td (0.26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 582.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 569.70 Td (Investment securities\(A\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 569.00 Td (870,979) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.25 569.00 Td (25,153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 569.00 Td (2.89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 569.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.60 569.00 Td (540,532) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.25 569.00 Td (14,293) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 569.00 Td (2.64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 569.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 569.00 Td (427,638) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 569.00 Td (10,405) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 569.00 Td (2.43) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 569.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 556.70 Td (Loans:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 543.70 Td (Commercial loans to mortgage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 535.70 Td (companies) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.25 535.00 Td (1,748,575) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.25 535.00 Td (73,513) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 535.00 Td (4.20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 535.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.60 535.00 Td (1,985,495) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.25 535.00 Td (70,308) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 535.00 Td (3.54) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 535.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 535.00 Td (1,550,683) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 535.00 Td (50,876) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 535.00 Td (3.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 535.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 522.70 Td (Multifamily loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.25 522.00 Td (3,551,683) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.25 522.00 Td (132,263) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 522.00 Td (3.72) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 522.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.60 522.00 Td (3,223,122) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 522.00 Td (122,316) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 522.00 Td (3.79) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 522.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 522.00 Td (2,367,472) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 522.00 Td (88,879) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 522.00 Td (3.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 522.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 509.70 Td (Commercial and industrial) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.25 509.00 Td (1,452,805) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.25 509.00 Td (60,595) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 509.00 Td (4.17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 509.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.60 509.00 Td (1,172,655) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.25 509.00 Td (46,257) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 509.00 Td (3.94) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 509.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 509.00 Td (681,722) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 509.00 Td (26,758) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 509.00 Td (3.93) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 509.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 496.70 Td (Non-owner occupied commercial) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 488.70 Td (real estate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.25 488.00 Td (1,293,173) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.25 488.00 Td (51,212) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 488.00 Td (3.96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 488.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.60 488.00 Td (1,188,631) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.25 488.00 Td (45,441) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 488.00 Td (3.82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 488.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 488.00 Td (1,209,879) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 488.00 Td (47,438) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 488.00 Td (3.92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 488.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 65.00 475.70 Td (All other loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 475.00 Td (503,532) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.25 475.00 Td (22,353) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 475.00 Td (4.44) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 475.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.60 475.00 Td (370,663) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.25 475.00 Td (18,496) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 475.00 Td (4.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 475.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 475.00 Td (415,307) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 475.00 Td (19,882) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 475.00 Td (4.79) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 475.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 462.70 Td (T) Tj ET Q q 0 0 0 rg BT 57.61 462.70 Td (otal loans \(B\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.25 462.00 Td (8,549,768) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.25 462.00 Td (339,936) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 462.00 Td (3.98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 462.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.60 462.00 Td (7,940,566) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 462.00 Td (302,818) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 462.00 Td (3.81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 462.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 462.00 Td (6,225,063) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 462.00 Td (233,833) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 462.00 Td (3.76) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 462.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 449.70 Td (Other interest-earning assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 449.00 Td (103,710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.25 449.00 Td (4,629) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 449.00 Td (4.46) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 449.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.60 449.00 Td (84,797) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.25 449.00 Td (4,210) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 449.00 Td (4.96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 449.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.60 449.00 Td (72,693) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.25 449.00 Td (4,894) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 449.00 Td (6.73) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 449.00 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 436.83 Td (T) Tj ET Q q 0 0 0 rg BT 57.97 436.83 Td (otal inter) Tj ET Q q 0 0 0 rg BT 88.85 436.83 Td (est-earning assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.25 436.00 Td (9,820,762) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.25 436.00 Td (372,850) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 436.00 Td (3.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 436.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.60 436.00 Td (8,791,304) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 436.00 Td (322,539) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 436.00 Td (3.67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 436.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 436.00 Td (6,996,595) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 436.00 Td (249,850) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 436.00 Td (3.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 436.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 423.70 Td (Non-interest-earning assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 423.00 Td (376,948) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.60 423.00 Td (310,813) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 423.00 Td (265,936) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 410.83 Td (T) Tj ET Q q 0 0 0 rg BT 75.97 410.83 Td (otal assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.00 410.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 410.00 Td (10,197,710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 410.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.60 410.00 Td (9,102,1) Tj ET Q q 0 0 0 rg BT 343.60 410.00 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 410.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 410.00 Td (7,262,531) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 397.83 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 384.70 Td (Interest checking accounts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.00 384.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 384.00 Td (386,819) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.25 384.00 Td (3,157) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 384.00 Td (0.82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 384.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 384.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.60 384.00 Td (190,279) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.25 384.00 Td (1,069) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 384.00 Td (0.56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 384.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 384.00 Td (123,527) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.25 384.00 Td (686) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 384.00 Td (0.56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 384.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 371.70 Td (Money market deposit accounts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.25 371.00 Td (3,339,053) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.25 371.00 Td (34,488) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 371.00 Td (1.03) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 371.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.60 371.00 Td (3,085,140) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.25 371.00 Td (19,233) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 371.00 Td (0.62) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 371.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 371.00 Td (2,412,958) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 371.00 Td (12,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 371.00 Td (0.52) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 371.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 358.70 Td (Other savings accounts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 358.00 Td (40,791) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.25 358.00 Td (1) Tj ET Q q 0 0 0 rg BT 261.25 358.00 Td (12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 358.00 Td (0.27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 358.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.60 358.00 Td (39,122) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.25 358.00 Td (95) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 358.00 Td (0.24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 358.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.60 358.00 Td (36,820) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.25 358.00 Td (1) Tj ET Q q 0 0 0 rg BT 512.25 358.00 Td (1) Tj ET Q q 0 0 0 rg BT 516.25 358.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 358.00 Td (0.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 358.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 345.70 Td (Certificates of deposit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.25 345.00 Td (2,392,095) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.25 345.00 Td (29,825) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 345.00 Td (1.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 345.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.60 345.00 Td (2,633,425) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.25 345.00 Td (27,871) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 345.00 Td (1.06) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 345.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 345.00 Td (2,087,641) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 345.00 Td (20,637) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 345.00 Td (0.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 345.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 332.70 Td (T) Tj ET Q q 0 0 0 rg BT 57.61 332.70 Td (otal interest-bearing deposits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.25 332.00 Td (6,158,758) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.25 332.00 Td (67,582) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 332.00 Td (1.10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 332.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.60 332.00 Td (5,947,966) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.25 332.00 Td (48,268) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 332.00 Td (0.81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 332.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 332.00 Td (4,660,946) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 332.00 Td (33,982) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 332.00 Td (0.73) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 332.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 319.70 Td (Borrowings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.25 319.00 Td (1,875,431) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.25 319.00 Td (37,925) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 319.00 Td (2.02) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 319.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.60 319.00 Td (1,498,899) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.25 319.00 Td (24,774) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 319.00 Td (1.65) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 319.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 319.00 Td (1,369,841) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 319.00 Td (19,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 319.00 Td (1.43) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 319.00 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 306.83 Td (T) Tj ET Q q 0 0 0 rg BT 57.97 306.83 Td (otal inter) Tj ET Q q 0 0 0 rg BT 88.85 306.83 Td (est-bearing liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.25 306.00 Td (8,034,189) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.25 306.00 Td (105,507) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 306.00 Td (1.31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 306.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.60 306.00 Td (7,446,865) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.25 306.00 Td (73,042) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 306.00 Td (0.98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 306.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 306.00 Td (6,030,787) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 306.00 Td (53,560) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 306.00 Td (0.89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 306.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 293.70 Td (Non-interest-bearing deposits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.25 293.00 Td (1,187,324) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.60 293.00 Td (873,599) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 293.00 Td (692,159) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 280.70 Td (T) Tj ET Q q 0 0 0 rg BT 57.61 280.70 Td (otal deposits and borrowings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.25 280.00 Td (9,221,513) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 280.00 Td (1.14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 280.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.60 280.00 Td (8,320,464) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 280.00 Td (0.88) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 280.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 280.00 Td (6,722,946) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 280.00 Td (0.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 280.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 267.70 Td (Other non-interest-bearing liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.25 267.00 Td (72,714) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.60 267.00 Td (84,752) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.60 267.00 Td (30,394) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 254.83 Td (T) Tj ET Q q 0 0 0 rg BT 75.60 254.83 Td (otal liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 193.25 254.00 Td (9,294,227) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.60 254.00 Td (8,405,216) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 254.00 Td (6,753,340) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 241.83 Td (Shar) Tj ET Q q 0 0 0 rg BT 69.38 241.83 Td (eholders) Tj ET Q q 0 0 0 rg BT 100.56 241.83 Td ( equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.25 241.00 Td (903,483) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.60 241.00 Td (696,901) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 241.00 Td (509,191) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 228.83 Td (T) Tj ET Q q 0 0 0 rg BT 57.97 228.83 Td (otal liabilities and shar) Tj ET Q q 0 0 0 rg BT 135.54 228.83 Td (eholders) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 220.83 Td (equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 186.00 220.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 189.25 220.00 Td (10,197,710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 220.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.60 220.00 Td (9,102,1) Tj ET Q q 0 0 0 rg BT 343.60 220.00 Td (17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 220.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.60 220.00 Td (7,262,531) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 207.70 Td (Net interest earnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.25 207.00 Td (267,343) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 207.00 Td (249,497) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 207.00 Td (196,290) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 194.70 Td (T) Tj ET Q q 0 0 0 rg BT 57.61 194.70 Td (ax-equivalent adjustment\(C\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.25 194.00 Td (645) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 194.00 Td (390) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.25 194.00 Td (449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 181.70 Td (Net interest earnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.00 181.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.25 181.00 Td (267,988) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 181.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 181.00 Td (249,887) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.00 181.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 181.00 Td (196,739) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 168.83 Td (Inter) Tj ET Q q 0 0 0 rg BT 70.26 168.83 Td (est spr) Tj ET Q q 0 0 0 rg BT 92.55 168.83 Td (ead) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 168.00 Td (2.66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 168.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 168.00 Td (2.79) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 168.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 168.00 Td (2.77) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 168.00 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 155.83 Td (Net inter) Tj ET Q q 0 0 0 rg BT 83.36 155.83 Td (est margin) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 155.00 Td (2.72) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 155.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 155.00 Td (2.84) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 155.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 155.00 Td (2.81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 155.00 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 142.83 Td (Net inter) Tj ET Q q 0 0 0 rg BT 83.29 142.83 Td (est margin tax) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 134.83 Td (equivalent\(C\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.60 134.00 Td (2.73) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 134.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 134.00 Td (2.84) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 134.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 539.30 134.00 Td (2.81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 553.30 134.00 Td (%) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 562.00 130.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 118.25 Td (\(A\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 118.25 Td (For presentation in this table, balances and the corresponding average yield for investment securities are based upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 106.25 Td (historical cost, adjusted for other) Tj ET Q q 0 0 0 rg BT 211.60 106.25 Td (-than-temporary impairment and amortization of premiums and accretion of discounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 94.25 Td (\(B\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 94.25 Td (Includes non-accrual loans, the ef) Tj ET Q q 0 0 0 rg BT 214.93 94.25 Td (fect of which is to reduce the yield earned on loans, and deferred loan fees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 82.25 Td (\(C\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 82.25 Td (Non-GAAP) Tj ET Q q 0 0 0 rg BT 127.86 82.25 Td ( tax-equivalent basis, using a 35% statutory tax rate to approximate interest income as a taxable asset.) Tj ET Q endstream endobj 139 0 obj <> endobj 140 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The following table presents the dollar amount of changes in interest income and interest expense for the major categories of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (interest-earning assets and interest-bearing liabilities. Information is provided for each category of interest-earning assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (interest-bearing liabilities with respect to \(i\)changes attributable to volume \(i.e., changes in average balances multiplied by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (prior) Tj ET Q q 0 0 0 rg BT 69.24 706.10 Td (-period average rate\) and \(ii\)changes attributable to rate \(i.e., changes in average rate multiplied by prior) Tj ET Q q 0 0 0 rg BT 489.13 706.10 Td (-period average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (balances\). For purposes of this table, changes attributable to both rate and volume which cannot be segregated have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (allocated proportionately to the change due to volume and the change due to rate. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 667.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 597.20 168.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 597.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 597.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 597.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 597.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 597.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 597.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 597.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 597.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 597.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 597.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 597.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 568.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 568.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 568.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 568.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 568.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 568.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 568.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 568.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 568.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 568.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 568.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 568.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 538.20 168.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 538.20 54.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 538.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 538.20 54.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 538.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 538.20 54.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 538.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 538.20 54.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 538.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 538.20 54.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 538.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 538.20 54.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 498.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 498.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 498.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 498.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 498.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 498.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 498.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 498.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 498.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 498.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 498.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 498.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 458.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 458.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 458.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 458.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 458.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 458.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 458.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 458.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 458.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 458.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 458.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 458.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 428.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 428.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 428.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 428.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 428.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 428.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 428.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 428.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 428.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 428.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 428.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 428.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 398.20 168.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 398.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 398.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 398.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 398.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 398.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 398.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 398.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 398.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 398.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 398.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 398.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 369.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 369.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 369.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 369.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 369.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 369.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 369.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 369.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 369.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 369.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 369.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 369.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 339.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 339.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 339.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 339.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 339.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 339.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 339.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 339.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 339.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 339.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 339.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 339.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 309.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 309.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 309.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 309.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 309.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 309.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 309.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 309.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 309.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 309.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 309.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 309.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 279.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 279.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 279.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 279.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 279.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 279.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 279.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 279.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 279.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 279.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 279.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 279.20 54.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 644.2 m 272.5 644.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 644.2 m 276.5 644.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 644.2 m 330.5 644.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 644.2 m 334.5 644.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 644.2 m 388.5 644.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 644.2 m 446.5 644.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 644.2 m 450.5 644.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 644.2 m 504.5 644.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 644.2 m 508.5 644.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 644.2 m 562.5 644.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 623.2 m 272.5 623.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 623.2 m 330.5 623.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 623.2 m 446.5 623.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 623.2 m 450.5 623.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 623.2 m 504.5 623.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 610.2 m 272.5 610.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 610.2 m 276.5 610.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 610.2 m 330.5 610.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 610.2 m 334.5 610.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 610.2 m 388.5 610.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 610.2 m 446.5 610.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 610.2 m 450.5 610.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 610.2 m 504.5 610.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 610.2 m 508.5 610.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 610.2 m 562.5 610.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 443.20000000000005 m 272.5 443.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 443.20000000000005 m 330.5 443.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 443.20000000000005 m 388.5 443.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 443.20000000000005 m 446.5 443.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 443.20000000000005 m 504.5 443.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 443.20000000000005 m 562.5 443.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 413.20000000000005 m 272.5 413.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 413.20000000000005 m 330.5 413.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 413.20000000000005 m 446.5 413.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 413.20000000000005 m 504.5 413.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 413.20000000000005 m 562.5 413.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 413.20000000000005 m 272.5 413.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 398.20000000000005 m 272.5 398.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 413.20000000000005 m 330.5 413.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 398.20000000000005 m 330.5 398.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 413.20000000000005 m 388.5 413.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 398.20000000000005 m 388.5 398.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 413.20000000000005 m 446.5 413.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 398.20000000000005 m 446.5 398.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 413.20000000000005 m 504.5 413.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 398.20000000000005 m 504.5 398.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 413.20000000000005 m 562.5 413.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 398.20000000000005 m 562.5 398.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 324.20000000000005 m 272.5 324.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 324.20000000000005 m 330.5 324.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 324.20000000000005 m 388.5 324.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 324.20000000000005 m 446.5 324.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 324.20000000000005 m 504.5 324.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 324.20000000000005 m 562.5 324.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 324.20000000000005 m 272.5 324.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 324.20000000000005 m 330.5 324.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 324.20000000000005 m 388.5 324.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 324.20000000000005 m 446.5 324.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 324.20000000000005 m 504.5 324.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 324.20000000000005 m 562.5 324.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 294.20000000000005 m 272.5 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 294.20000000000005 m 330.5 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 294.20000000000005 m 388.5 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 294.20000000000005 m 446.5 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 294.20000000000005 m 504.5 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 294.20000000000005 m 562.5 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 294.20000000000005 m 272.5 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 279.20000000000005 m 272.5 279.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 294.20000000000005 m 330.5 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 279.20000000000005 m 330.5 279.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 294.20000000000005 m 388.5 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 279.20000000000005 m 388.5 279.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 294.20000000000005 m 446.5 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 279.20000000000005 m 446.5 279.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 294.20000000000005 m 504.5 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 279.20000000000005 m 504.5 279.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 294.20000000000005 m 562.5 294.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 279.20000000000005 m 562.5 279.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 279.20000000000005 m 272.5 279.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 265.20000000000005 m 272.5 265.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 263.20000000000005 m 272.5 263.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 279.20000000000005 m 330.5 279.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 265.20000000000005 m 330.5 265.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 263.20000000000005 m 330.5 263.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 279.20000000000005 m 388.5 279.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 265.20000000000005 m 388.5 265.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 263.20000000000005 m 388.5 263.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 279.20000000000005 m 446.5 279.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 265.20000000000005 m 446.5 265.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 263.20000000000005 m 446.5 263.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 279.20000000000005 m 504.5 279.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 265.20000000000005 m 504.5 265.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 263.20000000000005 m 504.5 263.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 279.20000000000005 m 562.5 279.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 265.20000000000005 m 562.5 265.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 263.20000000000005 m 562.5 263.20000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.40 648.45 Td (2017 vs. 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.40 648.45 Td (2016 vs. 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.45 635.45 Td (Increase\(decrease\)due) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.45 627.45 Td (to change in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.45 635.45 Td (Increase\(decrease\)due) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.45 627.45 Td (to change in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.65 614.45 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.60 614.45 Td (V) Tj ET Q q 0 0 0 rg BT 295.86 614.45 Td (olume) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.80 614.45 Td (T) Tj ET Q q 0 0 0 rg BT 357.41 614.45 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.65 614.45 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 614.45 Td (V) Tj ET Q q 0 0 0 rg BT 469.86 614.45 Td (olume) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 614.45 Td (T) Tj ET Q q 0 0 0 rg BT 531.13 614.45 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 601.46 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 587.93 Td (Inter) Tj ET Q q 0 0 0 rg BT 74.57 587.93 Td (est income:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 573.77 Td (Interest-earning deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 572.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 572.87 Td (1,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 572.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 572.87 Td (474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 572.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 572.87 Td (1,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 572.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 572.87 Td (639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 572.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.30 572.92 Td (\(139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 572.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 572.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 572.87 Td (500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 558.77 Td (Investment securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 557.87 Td (1,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 557.87 Td (9,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 557.87 Td (10,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 557.87 Td (961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 557.87 Td (2,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 557.87 Td (3,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 543.77 Td (Loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 528.77 Td (Commercial loans to mortgage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 518.77 Td (companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 517.87 Td (12,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.80 517.92 Td (\(9,001) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 517.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 517.87 Td (3,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 517.87 Td (4,284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 517.87 Td (15,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 517.87 Td (19,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 503.77 Td (Multifamily loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.80 502.87 Td (\(2,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 502.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 502.87 Td (12,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 502.87 Td (9,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 502.87 Td (976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 502.87 Td (32,461) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 502.87 Td (33,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 488.77 Td (Commercial and industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 487.87 Td (2,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 487.87 Td (1) Tj ET Q q 0 0 0 rg BT 304.15 487.87 Td (1,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 487.87 Td (14,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 487.87 Td (134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 487.87 Td (19,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 487.87 Td (19,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 473.77 Td (Non-owner occupied commercial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 463.77 Td (real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 462.87 Td (1,673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 462.87 Td (4,098) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 462.87 Td (5,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 462.92 Td (\(1,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 462.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.30 462.92 Td (\(825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 462.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 462.92 Td (\(1,997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 462.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 448.77 Td (All other loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.80 447.87 Td (\(2,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 447.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 447.87 Td (6,071) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 447.87 Td (3,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 447.87 Td (816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 447.92 Td (\(2,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 447.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 447.92 Td (\(1,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 447.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 433.77 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 433.77 Td (otal loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 432.87 Td (12,1) Tj ET Q q 0 0 0 rg BT 258.65 432.87 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 432.87 Td (25,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 432.87 Td (37,1) Tj ET Q q 0 0 0 rg BT 374.65 432.87 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 432.87 Td (5,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 432.87 Td (63,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 432.87 Td (68,985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 418.77 Td (Other interest-earning assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.30 417.87 Td (\(454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 417.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 417.87 Td (873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 417.87 Td (419) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 417.92 Td (\(1,416) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 417.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 417.87 Td (732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 417.92 Td (\(684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 417.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 403.93 Td (T) Tj ET Q q 0 0 0 rg BT 59.21 403.93 Td (otal inter) Tj ET Q q 0 0 0 rg BT 97.82 403.93 Td (est income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 402.87 Td (14,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 402.87 Td (35,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 402.87 Td (50,31) Tj ET Q q 0 0 0 rg BT 379.65 402.87 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 402.87 Td (5,222) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 402.87 Td (67,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 402.87 Td (72,689) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 388.93 Td (Inter) Tj ET Q q 0 0 0 rg BT 74.57 388.93 Td (est expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 374.77 Td (Interest checking accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.65 373.87 Td (636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 373.87 Td (1,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 373.87 Td (2,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.65 373.87 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 373.87 Td (375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 373.87 Td (383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 359.77 Td (Money market deposit accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 358.87 Td (13,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 358.87 Td (1,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 358.87 Td (15,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 358.87 Td (2,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 358.87 Td (3,901) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 358.87 Td (6,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 344.77 Td (Other savings accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 343.87 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.65 343.87 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 343.87 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.30 343.92 Td (\(23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 343.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.65 343.87 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 343.92 Td (\(16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 343.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 329.77 Td (Certificates of deposit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 328.87 Td (4,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.80 328.92 Td (\(2,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 328.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 328.87 Td (1,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 328.87 Td (1,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 328.87 Td (5,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 328.87 Td (7,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 314.77 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 314.77 Td (otal interest-bearing deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 313.87 Td (18,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 313.87 Td (446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 313.87 Td (19,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 313.87 Td (4,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 313.87 Td (9,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 313.87 Td (14,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 299.77 Td (Borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 298.87 Td (6,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 298.87 Td (6,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 298.87 Td (13,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 298.87 Td (3,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 298.87 Td (1,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 298.87 Td (5,196) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 284.93 Td (T) Tj ET Q q 0 0 0 rg BT 59.21 284.93 Td (otal inter) Tj ET Q q 0 0 0 rg BT 97.82 284.93 Td (est expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.15 283.87 Td (25,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.15 283.87 Td (7,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 283.87 Td (32,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 283.87 Td (7,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 283.87 Td (1) Tj ET Q q 0 0 0 rg BT 478.15 283.87 Td (1,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 283.87 Td (19,482) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 269.93 Td (Net inter) Tj ET Q q 0 0 0 rg BT 90.86 269.93 Td (est income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 268.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.80 268.87 Td (\(10,536) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.65 268.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.00 268.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.15 268.87 Td (28,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.00 268.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 268.87 Td (17,846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 268.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 268.92 Td (\(2,328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 268.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 268.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 268.87 Td (55,535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 268.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 268.87 Td (53,207) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 240.70 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 240.70 Td (December31, 2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 240.70 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 240.70 Td (2016) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.70 Td (Net interest income was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.86 216.70 Td ($267.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.75 216.70 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.21 216.70 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.79 216.70 Td (, an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.82 216.70 Td ($17.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.71 216.70 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.54 216.70 Td (7.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.37 216.70 Td (, when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.70 Td (compared to net interest income for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.75 204.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.33 204.70 Td (, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.16 204.70 Td ($249.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.05 204.70 Td (. ) Tj ET Q q 0 0 0 rg BT 416.37 204.70 Td (The increase in net interest income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.70 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 192.70 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.28 192.70 Td ( was primarily attributable to an increase in the average balance of interest-earning assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.40 192.70 Td ($1.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.51 192.70 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.34 192.70 Td (1) Tj ET Q q 0 0 0 rg BT 516.97 192.70 Td (1.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 192.70 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.70 Td ($9.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.11 180.70 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.57 180.70 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.16 180.70 Td (, when compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.52 180.70 Td ($8.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.63 180.70 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.09 180.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.68 180.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.70 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 168.70 Td (fset in part by the narrowing of Customers' net interest mar) Tj ET Q q 0 0 0 rg BT 294.16 168.70 Td (gin \(tax equivalent\) by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.46 168.70 Td (1) Tj ET Q q 0 0 0 rg BT 392.09 168.70 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.09 168.70 Td ( basis points, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.82 168.70 Td (2.73%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 168.70 Td (, for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 156.70 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 156.70 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.90 156.70 Td (2.84%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.73 156.70 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.19 156.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.77 156.70 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 144.70 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 144.70 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 144.70 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 144.70 Td (2015) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.70 Td (Net interest income was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.86 120.70 Td ($249.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.75 120.70 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.21 120.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.79 120.70 Td (, an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.82 120.70 Td ($53.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.71 120.70 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.54 120.70 Td (27.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.37 120.70 Td (, when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.70 Td (compared to net interest income for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.33 108.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.33 108.70 Td (, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.16 108.70 Td ($196.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.05 108.70 Td (. ) Tj ET Q q 0 0 0 rg BT 416.37 108.70 Td (The increase in net interest income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.70 Td (was primarily attributable to an increase in the average balance of interest-earning assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.62 96.70 Td ($1.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.74 96.70 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.67 96.70 Td ($7.0 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.79 96.70 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 84.70 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.78 84.70 Td ($8.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.89 84.70 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.67 84.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.67 84.70 Td (, as well as the expansion of Customers' net interest mar) Tj ET Q q 0 0 0 rg BT 385.74 84.70 Td (gin \(tax equivalent\) by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.04 84.70 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.04 84.70 Td ( basis points to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.70 Td (2.84%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 72.70 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.29 72.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.88 72.70 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.31 72.70 Td (2.81%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.14 72.70 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.19 72.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.19 72.70 Td (.) Tj ET Q endstream endobj 141 0 obj <> endobj 142 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (69) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.00 742.25 Td (PROVISION FOR LOAN LOSSES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 720.25 Td (For more information about the provision and allowance for loan losses methodology and Customers' loss experience, see ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 708.25 Td (Critical) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.76 708.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.26 708.25 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.87 708.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 173.87 708.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 229.99 708.25 Td ( CONDITION - LOANS, CREDIT) Tj ET Q q 0 0 0 rg BT 377.88 708.25 Td ( RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.83 708.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 424.27 708.25 Td (ASSET) Tj ET Q q 0 0 0 rg BT 455.78 708.25 Td ( QUALITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.95 708.25 Td ( herein and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.25 Td (NOTE 4 SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 156.76 696.25 Td ( ) Tj ET Q q 0 0 0 rg BT 158.71 696.25 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 273.15 696.25 Td (AND BASIS OF PRESENT) Tj ET Q q 0 0 0 rg BT 385.99 696.25 Td (A) Tj ET Q q 0 0 0 rg BT 392.10 696.25 Td (TION to Customers' audited financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.25 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 662.25 Td (Customers maintains an allowance for loan losses to cover estimated probable losses incurred as of the balance sheet date on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 650.25 Td (loans held for investment. ) Tj ET Q q 0 0 0 rg BT 158.69 650.25 Td (The allowance for loan losses is increased through periodic provisions for loan losses that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 638.25 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 638.25 Td (ged as an expense on the consolidated statements of income and is reduced by char) Tj ET Q q 0 0 0 rg BT 398.96 638.25 Td (ge-of) Tj ET Q q 0 0 0 rg BT 419.87 638.25 Td (fs, net of recoveries. ) Tj ET Q q 0 0 0 rg BT 506.04 638.25 Td (The loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.25 Td (portfolio is reviewed quarterly to evaluate the performance of the portfolio and the adequacy of the allowance for loan losses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.25 Td (The allowance for loan losses is estimated as of the end of each quarter and compared to the balance recorded in the general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (ledger) Tj ET Q q 0 0 0 rg BT 74.58 602.25 Td (, net of char) Tj ET Q q 0 0 0 rg BT 122.16 602.25 Td (ge-of) Tj ET Q q 0 0 0 rg BT 143.08 602.25 Td (fs and recoveries. ) Tj ET Q q 0 0 0 rg BT 218.14 602.25 Td (The allowance is adjusted to the estimated allowance for loan losses balance with a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.25 Td (corresponding char) Tj ET Q q 0 0 0 rg BT 126.73 590.25 Td (ge \(or debit\) to the provision for loan losses. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 568.25 Td (December31, 2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 568.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 568.25 Td (2016) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 546.25 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 546.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 546.25 Td (, the provision for loan losses was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.15 546.25 Td ($6.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.04 546.25 Td (, an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.98 546.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.73 546.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.06 546.25 Td ($3.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.95 546.25 Td ( from a provision of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.44 546.25 Td ($3.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.33 546.25 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 534.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 534.25 Td (. ) Tj ET Q q 0 0 0 rg BT 77.32 534.25 Td (The 2017 provision expense included $2.3 million for loan portfolio growth and $5.6 million for impaired loans, of) Tj ET Q q 0 0 0 rg BT 538.17 534.25 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 522.25 Td (in part by a $1.1 million release of the allowance estimate resulting from improved asset quality and lower incurred losses than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.25 Td (previously estimated. Of the $6.8 million provision for loan losses recorded in 2017, $5.1 million related to the commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.25 Td (and industrial loan portfolio, including owner occupied commercial real estate, and $0.6 million related to the multi-family loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.25 Td (portfolio. ) Tj ET Q q 0 0 0 rg BT 92.31 486.25 Td (The 2016 provision included a benefit of $0.3 million attributable to FDIC loss sharing arrangements. Recoveries in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 474.25 Td ( totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.21 474.25 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.10 474.25 Td ( compared to recoveries of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.22 474.25 Td ($2.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.11 474.25 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.89 474.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.89 474.25 Td (. ) Tj ET Q q 0 0 0 rg BT 349.21 474.25 Td (There were no significant changes in Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.25 Td (methodology for estimating its allowance for loan losses, or policies regarding char) Tj ET Q q 0 0 0 rg BT 383.62 462.25 Td (ge-of) Tj ET Q q 0 0 0 rg BT 404.54 462.25 Td (fs, in 2017. For more information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.25 Td (about the provision and the allowance for loan losses, see NOTE 9 - LOANS RECEIV) Tj ET Q q 0 0 0 rg BT 395.58 450.25 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 423.64 450.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 447.25 450.25 Td (ALLOW) Tj ET Q q 0 0 0 rg BT 482.24 450.25 Td (ANCE FOR LOAN ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.25 Td (LOSSES to Customers' audited financial statements. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 416.25 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 416.25 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 416.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 416.25 Td (2015) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (During 2016, the provision for loan losses was $3.0 million, a decrease of $17.5 million from a provision of $20.6 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 77.32 382.25 Td (The 2015 provision for loan losses included $9.0 million for a fraudulent loan that was char) Tj ET Q q 0 0 0 rg BT 443.72 382.25 Td (ged of) Tj ET Q q 0 0 0 rg BT 468.81 382.25 Td (f in its entirety and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (reflected greater growth in loans held for investment. ) Tj ET Q q 0 0 0 rg BT 265.02 370.25 Td (The held-for) Tj ET Q q 0 0 0 rg BT 315.07 370.25 Td (-investment loan portfolio grew approximately $0.7 billion in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (2016 compared to $1.1 billion in 2015, resulting in less provision for new loans of approximately $2.5 million. ) Tj ET Q q 0 0 0 rg BT 495.87 358.25 Td (The 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (provision included a benefit of $0.3 million attributable to FDIC loss sharing arrangements versus expense of $3.9 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (2015. Recoveries in 2016 totaled $2.7 million compared to recoveries of $1.4 million in 2015. ) Tj ET Q q 0 0 0 rg BT 433.91 334.25 Td (There were no significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (changes in Customers' methodology for estimating its allowance for loan losses, or policies regarding char) Tj ET Q q 0 0 0 rg BT 475.68 322.25 Td (ge-of) Tj ET Q q 0 0 0 rg BT 496.60 322.25 Td (fs, in 2016. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.65 286.25 Td (NON-INTEREST) Tj ET Q q 0 0 0 rg BT 321.60 286.25 Td ( INCOME) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (The table below presents the various components of non-interest income for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.55 262.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.13 262.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.13 262.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.13 262.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 250.25 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 191.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 191.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 191.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 191.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 191.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 191.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 163.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 163.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 163.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 163.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 163.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 163.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 135.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 135.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 135.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 135.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 135.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 135.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 107.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 107.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 107.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 107.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 107.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 107.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 79.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 79.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 79.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 79.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 79.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 79.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 215.75 m 424.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 215.75 m 428.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 215.75 m 493.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 215.75 m 497.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 215.75 m 562.5 215.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 203.75 m 424.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 203.75 m 493.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 203.75 m 562.5 203.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 65.75 m 424.5 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 65.75 m 493.5 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 65.75 m 562.5 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 65.75 m 424.5 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 52.75 m 424.5 52.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 50.75 m 424.5 50.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 65.75 m 493.5 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 52.75 m 493.5 52.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 50.75 m 493.5 50.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 65.75 m 562.5 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 52.75 m 562.5 52.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 50.75 m 562.5 50.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.60 219.70 Td (For the ) Tj ET Q q 0 0 0 rg BT 429.34 219.70 Td (Y) Tj ET Q q 0 0 0 rg BT 434.57 219.70 Td (ears Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 207.70 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 207.70 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 207.70 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 195.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 182.32 Td (Interchange and card revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 182.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 182.32 Td (41,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 182.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 182.32 Td (24,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 182.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 182.32 Td (557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 168.32 Td (Deposit fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 168.32 Td (10,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 168.32 Td (8,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 168.32 Td (944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 154.32 Td (Mortgage warehouse transactional fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 154.32 Td (9,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 154.32 Td (1) Tj ET Q q 0 0 0 rg BT 467.15 154.32 Td (1,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 154.32 Td (10,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 140.32 Td (Gain \(loss\) on sale of investment securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 140.32 Td (8,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 140.32 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 140.37 Td (\(85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 140.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 126.32 Td (Bank-owned life insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 126.32 Td (7,219) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 126.32 Td (4,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 126.32 Td (7,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 112.32 Td (Gains on sale of SBA) Tj ET Q q 0 0 0 rg BT 139.38 112.32 Td ( and other loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 112.32 Td (4,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 112.32 Td (3,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 112.32 Td (4,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 98.32 Td (Mortgage banking income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 98.32 Td (875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 98.32 Td (969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 98.32 Td (741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 84.32 Td (Impairment loss on investment securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 84.37 Td (\(12,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 84.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 84.37 Td (\(7,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 84.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 84.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 70.32 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 70.32 Td (9,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 70.32 Td (9,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 70.32 Td (4,1) Tj ET Q q 0 0 0 rg BT 548.65 70.32 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 56.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 56.32 Td (otal non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 56.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 56.32 Td (78,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 56.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 56.32 Td (56,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 56.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 56.32 Td (27,717) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 143 0 obj <> endobj 144 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (70) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 742.10 Td (December31, 2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 742.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 742.10 Td (2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Non-interest income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.42 718.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.17 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.67 718.10 Td ($22.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.56 718.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.39 718.10 Td (40.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.22 718.10 Td (, for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.77 718.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.77 718.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.05 718.10 Td ($78.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.94 718.10 Td (, when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.20 706.10 Td ($56.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.09 706.10 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.14 706.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.14 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 319.46 706.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.50 706.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.26 706.10 Td ( in non-interest income resulted primarily from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (increases in interchange and card revenue of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.19 694.10 Td ($16.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.08 694.10 Td (, reflecting a full year of BankMobile Disbursement operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (which was acquired in June 2016, gains on sales of investment securities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.38 682.10 Td ($8.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.27 682.10 Td (, bank-owned life insurance income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td ($2.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 670.10 Td ( resulting from increased investment in bank-owned life insurance policies during 2017 and deposit fees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.77 670.10 Td ($2.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 658.10 Td (, reflecting a full year of BankMobile Disbursement operations, of) Tj ET Q q 0 0 0 rg BT 343.91 658.10 Td (fset in part by an increase in impairment losses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td ($5.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 646.10 Td ( recognized on equity securities due to further declines in fair value from December 31, 2016 through September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (30, 2017 and a decrease in mortgage warehouse transaction fees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.89 634.10 Td ($2.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.78 634.10 Td ( driven by a reduction in the volume of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (warehouse transactions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 598.10 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 598.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 598.10 Td (2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Non-interest income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.42 574.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.17 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.67 574.10 Td ($28.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.56 574.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.39 574.10 Td (103.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.22 574.10 Td (, for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.19 574.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.77 574.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.05 574.10 Td ($56.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.94 574.10 Td (, when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.20 562.10 Td ($27.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.09 562.10 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.14 562.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.14 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 319.46 562.10 Td (The increase in non-interest income resulted primarily from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (the acquisition of the Disbursement business in June 2016, which increased interchange and card revenues by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.71 550.10 Td ($24.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.60 550.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (increases in deposit fees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.24 538.10 Td ($7.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.13 538.10 Td ( and other income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.38 538.10 Td ($5.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.27 538.10 Td ( driven primarily by increases in university fees and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td ($2.2 million recovery of a previously recorded loss received in 2016. ) Tj ET Q q 0 0 0 rg BT 330.85 526.10 Td (These increases were of) Tj ET Q q 0 0 0 rg BT 426.45 526.10 Td (fset in part by the impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (loss of $7.3 million recorded in 2016 on equity securities and a decrease in bank-owned life insurance income of $2.3 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (as a result of a $2.4 million benefit received on a bank-owned life insurance policy in 2015. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.70 466.10 Td (NON-INTEREST) Tj ET Q q 0 0 0 rg BT 319.65 466.10 Td ( EXPENSE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (The table below presents the various components of non-interest expense for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.32 442.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.91 442.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.91 442.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.91 442.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 430.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 383.60 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 383.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 383.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 383.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 383.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 383.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 359.60 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 359.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 359.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 359.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 359.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 359.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 335.60 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 335.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 335.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 335.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 335.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 335.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 311.60 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 311.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 311.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 311.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 311.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 311.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 287.60 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 287.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 287.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 287.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 287.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 287.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 263.60 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 263.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 263.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 263.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 263.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 263.60 65.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 407.6 m 424.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 407.6 m 428.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 407.6 m 493.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 407.6 m 497.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 407.6 m 562.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 395.6 m 424.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 395.6 m 493.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 395.6 m 562.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 251.60000000000002 m 424.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 251.60000000000002 m 493.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 251.60000000000002 m 562.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 239.60000000000002 m 424.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 237.60000000000002 m 424.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 239.60000000000002 m 493.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 237.60000000000002 m 493.5 237.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 239.60000000000002 m 562.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 237.60000000000002 m 562.5 237.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 411.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.60 411.55 Td (For the ) Tj ET Q q 0 0 0 rg BT 429.34 411.55 Td (Y) Tj ET Q q 0 0 0 rg BT 434.57 411.55 Td (ears Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 399.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 399.55 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 399.55 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 399.55 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 387.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 374.22 Td (Salaries and employee benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 374.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 374.22 Td (95,518) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 374.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 374.22 Td (80,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 374.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 374.22 Td (58,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 362.22 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 362.22 Td (echnology) Tj ET Q q 0 0 0 rg BT 99.74 362.22 Td (, communication and bank operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 362.22 Td (45,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 362.22 Td (26,839) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 362.22 Td (10,596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 350.22 Td (Professional services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 350.22 Td (28,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 350.22 Td (20,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 350.22 Td (1) Tj ET Q q 0 0 0 rg BT 536.15 350.22 Td (1,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 338.22 Td (Occupancy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 338.22 Td (1) Tj ET Q q 0 0 0 rg BT 398.15 338.22 Td (1,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 338.22 Td (10,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 338.22 Td (8,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 326.22 Td (FDIC assessments, non-income taxes, and regulatory fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 326.22 Td (7,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 326.22 Td (13,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 326.22 Td (10,728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 314.22 Td (Provision for operating losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 314.22 Td (6,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 314.22 Td (3,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 314.22 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 302.22 Td (Loan workout) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 302.22 Td (2,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 302.22 Td (2,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 302.22 Td (1,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 290.22 Td (Advertising and promotion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 290.22 Td (1,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 290.22 Td (1,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 290.22 Td (1,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 278.22 Td (Other real estate owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 278.22 Td (570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 278.22 Td (1,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 278.22 Td (2,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 266.22 Td (Mer) Tj ET Q q 0 0 0 rg BT 69.57 266.22 Td (ger and acquisition related expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 266.22 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 266.22 Td (1,195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 266.22 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 254.22 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 254.22 Td (15,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 254.22 Td (16,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 254.22 Td (9,877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 242.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 242.17 Td (otalnon-interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 242.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 242.17 Td (215,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 242.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 242.17 Td (178,231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 242.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 242.17 Td (1) Tj ET Q q 0 0 0 rg BT 531.15 242.17 Td (14,946) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 209.10 Td (December31, 2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 209.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 209.10 Td (2016) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (Non-interest expense was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.24 191.10 Td ($215.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.14 191.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.60 191.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.18 191.10 Td (, which was an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.11 191.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.86 191.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.19 191.10 Td ($37.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.08 191.10 Td ( over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (non-interest expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.80 179.10 Td ($178.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.69 179.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 179.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.74 179.10 Td (. ) Tj ET Q q 0 0 0 rg BT 368.06 179.10 Td (The increase in non-interest expense was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (primarily driven by increased BankMobile operating expenses of $39.2 million, reflecting a full year of operations for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (BankMobile Disbursement business. ) Tj ET Q q 0 0 0 rg BT 201.75 155.10 Td (The increases in BankMobile expenses included a $10.4 million increase in salaries and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (employee benefits, a $20.2 million increase in technology) Tj ET Q q 0 0 0 rg BT 280.67 143.10 Td (, communication and bank operations expenses and a $5.4 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (increase in professional services. Excluding the BankMobile-related expenses, non-interest expense of the core bank decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (by $1.8 million in 2017 as a result of management's continued ef) Tj ET Q q 0 0 0 rg BT 308.79 119.10 Td (forts to control expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.10 Td (Salaries and employee benefits, which represent the lar) Tj ET Q q 0 0 0 rg BT 270.29 95.10 Td (gest component of non-interest expense, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.13 95.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.88 95.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.38 95.10 Td ($14.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.28 95.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (18.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 83.10 Td (,to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.11 83.10 Td ($95.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.00 83.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.46 83.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.04 83.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.98 83.10 Td ($80.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.88 83.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.34 83.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.92 83.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.10 Td (reflecting salary increases as well as a higher average number of full-time equivalent employees, primarily resulting from a full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.10 Td (year of BankMobile Disbursement operations. ) Tj ET Q endstream endobj 145 0 obj <> endobj 146 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 742.10 Td (echnology) Tj ET Q q 0 0 0 rg BT 96.42 742.10 Td (, communication and bank operations expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.75 742.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.51 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.01 742.10 Td ($19.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.90 742.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.68 742.10 Td ($45.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.57 742.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 730.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.52 730.10 Td ($26.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.41 730.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.88 730.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.46 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 372.78 730.10 Td (This increase was primarily attributable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (increases in the core processing system and conversion-related expenses of $10.6 million. ) Tj ET Q q 0 0 0 rg BT 413.88 718.10 Td (The conversion of Customers' core ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (processing applications is expected to provide a significant cost savings in the future. ) Tj ET Q q 0 0 0 rg BT 395.57 706.10 Td (There were also increases in interchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (expenses of $5.5 million, reflecting a full year of BankMobile Disbursement operations and non-capitalizable software ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (development costs of $4.9 million resulting from the continued development and support of the BankMobile technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (platform as Customers strives to grow and successfully divest BankMobile in 2018. ) Tj ET Q q 0 0 0 rg BT 389.78 670.10 Td (These increases were of) Tj ET Q q 0 0 0 rg BT 485.38 670.10 Td (fset in part by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ($3.9 million one-time expense for technology-related expenses in 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td (FDIC assessments, non-income taxes, and regulatory fees decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.47 636.10 Td ($5.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.36 636.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.14 636.10 Td ($7.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.03 636.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 624.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 624.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.52 624.10 Td ($13.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.41 624.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.88 624.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.46 624.10 Td (. ) Tj ET Q q 0 0 0 rg BT 372.78 624.10 Td (This decrease was primarily related to a lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (insurance assessment char) Tj ET Q q 0 0 0 rg BT 154.78 612.10 Td (ged by the FDIC as the FDIC's Deposit Insurance Fund reached a tar) Tj ET Q q 0 0 0 rg BT 429.67 612.10 Td (geted ratio. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (Professional services expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.35 590.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.11 590.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 590.10 Td ($7.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 590.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.78 590.10 Td ($28.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.67 590.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.13 590.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.71 590.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 590.10 Td ($20.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 578.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.35 578.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.94 578.10 Td (. ) Tj ET Q q 0 0 0 rg BT 242.26 578.10 Td (This increase was primarily driven by increased customer service-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (expenses of $4.8 million resulting from a full year of BankMobile Disbursement operations, increased legal expenses of $1.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (million associated with the planned divestment of BankMobile and increased consulting and other professional services to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (support the ongoing operations of the Bank and BankMobile. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (The provision for operating losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.14 520.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.89 520.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.89 520.10 Td ($2.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.79 520.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.62 520.10 Td (83.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.45 520.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.72 520.10 Td ($6.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.62 520.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.08 520.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.66 520.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.94 508.10 Td ($3.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.83 508.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.29 508.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.88 508.10 Td (. ) Tj ET Q q 0 0 0 rg BT 284.19 508.10 Td (The provision for operating losses primarily consists of Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (estimated liability for losses resulting from fraud or theft-based transactions that have generally been disputed by deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (account holders, mainly from its BankMobile Disbursement business, but where such disputes have not been resolved as of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (end of the reporting period. ) Tj ET Q q 0 0 0 rg BT 164.51 472.10 Td (The reserve is based on historical rates of loss on such transactions. ) Tj ET Q q 0 0 0 rg BT 439.25 472.10 Td (The increase is mainly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (attributable to the accrual for the estimated liability for a full year of operations of the BankMobile Disbursement business in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.10 Td (Occupancy expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.18 426.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.94 426.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.94 426.10 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.83 426.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.61 426.10 Td ($1) Tj ET Q q 0 0 0 rg BT 256.24 426.10 Td (1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.13 426.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.59 426.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.17 426.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.11 426.10 Td ($10.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.00 426.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.80 414.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.38 414.10 Td (. ) Tj ET Q q 0 0 0 rg BT 196.70 414.10 Td (This increase primarily reflects a full year of operations of the BankMobile Disbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.10 Td (business, as well as increased business activity in existing and new markets, requiring additional team members and facilities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 380.10 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 380.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 380.10 Td (2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 380.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (Non-interest expense was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.24 356.10 Td ($178.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.14 356.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.60 356.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.18 356.10 Td (, which was an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.19 356.10 Td ($63.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.08 356.10 Td ( over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (non-interest expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.80 344.10 Td ($1) Tj ET Q q 0 0 0 rg BT 155.43 344.10 Td (14.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.32 344.10 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.37 344.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.37 344.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (Salaries and employee benefits, which represent the lar) Tj ET Q q 0 0 0 rg BT 270.29 320.10 Td (gest component of non-interest expense, increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.38 320.10 Td ($21.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.28 320.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (37.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 308.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.11 308.10 Td ($80.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.00 308.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.46 308.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.04 308.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.98 308.10 Td ($58.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.88 308.10 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.92 308.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.92 308.10 Td (. ) Tj ET Q q 0 0 0 rg BT 545.24 308.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (increase was primarily related to the additional 225 Higher One employees that manage the Disbursement business and serve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.10 Td (its customers. ) Tj ET Q q 0 0 0 rg BT 109.81 284.10 Td (These employees became Customers' employees following the acquisition of the Disbursement business in June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 248.10 Td (echnology) Tj ET Q q 0 0 0 rg BT 96.42 248.10 Td (, communication and bank operations expenses increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.01 248.10 Td ($16.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.90 248.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.68 248.10 Td ($26.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.57 248.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 236.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.52 236.10 Td ($10.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.41 236.10 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.46 236.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.46 236.10 Td (. ) Tj ET Q q 0 0 0 rg BT 372.78 236.10 Td (The increase is primarily attributable to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (acquisition of the Disbursement business in June 2016 which accounted for $12.7 million of the increase and mainly related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (core processing, interchange and software depreciation expenses. ) Tj ET Q q 0 0 0 rg BT 315.82 212.10 Td (The remaining increase related to or) Tj ET Q q 0 0 0 rg BT 460.29 212.10 Td (ganic growth of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (Bank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (FDIC assessments, non-income taxes, and regulatory fees increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.81 176.10 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.70 176.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.48 176.10 Td ($13.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.37 176.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 164.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.52 164.10 Td ($10.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.41 164.10 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.46 164.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.46 164.10 Td (. ) Tj ET Q q 0 0 0 rg BT 372.78 164.10 Td (The primary reason for the 2016 increase was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (an adjustment in 2015 that reduced the Pennsylvania shares tax expense by $2.3 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (Professional services expense increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 128.10 Td ($9.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 128.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.78 128.10 Td ($20.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.67 128.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.13 128.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.71 128.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 128.10 Td ($1) Tj ET Q q 0 0 0 rg BT 532.28 128.10 Td (1.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 116.10 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.94 116.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.94 116.10 Td (, primarily attributable to increases in consulting, lending service fees and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.10 Td (professional services including those associated with the acquisition and operation of the Disbursement business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (The provision for operating losses increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.89 80.10 Td ($3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.79 80.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.56 80.10 Td ($3.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.46 80.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.92 80.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 80.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.44 80.10 Td ($0.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 68.10 Td ( for the year ended December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.94 68.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.94 68.10 Td (. ) Tj ET Q q 0 0 0 rg BT 242.26 68.10 Td (The provision for operating losses primarily consists of Customers' estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.10 Td (liability for losses resulting from fraud or theft-based transactions that have generally been disputed by deposit account holders ) Tj ET Q endstream endobj 147 0 obj <> endobj 148 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (mainly from its BankMobile Disbursements. ) Tj ET Q q 0 0 0 rg BT 233.41 742.10 Td (The increase was mainly attributable to the accrual for the estimated liability for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the partial year of operations of the BankMobile Disbursement business in 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Occupancy expense increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.94 706.10 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.83 706.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.61 706.10 Td ($10.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.50 706.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.96 706.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.54 706.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.48 706.10 Td ($8.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.37 706.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.67 694.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.67 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 181.99 694.10 Td (This increase was driven by increased business activity in existing and new markets, requiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (additional team members and facilities. ) Tj ET Q q 0 0 0 rg BT 212.27 682.10 Td (The increase also reflected a partial year of operations of the BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Disbursement business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Other expense increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.73 646.10 Td ($6.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.62 646.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.40 646.10 Td ($16.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.29 646.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.75 646.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.34 646.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.27 646.10 Td ($9.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.17 646.10 Td ( for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.96 634.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 162.28 634.10 Td (The increase was primarily attributable to increased staf) Tj ET Q q 0 0 0 rg BT 386.17 634.10 Td (fing, supplies and other activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (associated with the acquisition of the Disbursement business, and higher levels of miscellaneous expenses resulting from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (or) Tj ET Q q 0 0 0 rg BT 58.15 610.10 Td (ganic growth of the Bank. Other expenses in 2016 also included one-time char) Tj ET Q q 0 0 0 rg BT 374.55 610.10 Td (ges of $1.4 million associated with legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (matters. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.40 562.10 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 311.94 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 317.87 562.10 Td (AXES) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 538.10 Td (December31, 2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 538.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 538.10 Td (2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (The income tax expense and ef) Tj ET Q q 0 0 0 rg BT 173.93 520.10 Td (fective tax rate include both federal and state income taxes. Income tax expense for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 508.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 508.10 Td (, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.01 508.10 Td ($45.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.90 508.10 Td ( and resulted in an ef) Tj ET Q q 0 0 0 rg BT 315.30 508.10 Td (fective tax rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.04 508.10 Td (36.36%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.87 508.10 Td (, compared to income tax expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 496.10 Td ($45.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.72 496.10 Td ( and an ef) Tj ET Q q 0 0 0 rg BT 153.69 496.10 Td (fective tax rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.42 496.10 Td (36.83%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.25 496.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.71 496.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.30 496.10 Td (. Income tax expense was primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (driven by net income before taxes of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.11 484.10 Td ($123.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.00 484.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.44 484.10 Td ($124.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.33 484.10 Td ( for the years ended December 31, 2017 and 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 472.10 Td (. In fourth quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.75 472.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.75 472.10 Td (, Customers recorded a deferred tax asset re-measurement char) Tj ET Q q 0 0 0 rg BT 444.83 472.10 Td (ge to its income tax expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 460.10 Td ($5.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.72 460.10 Td (, or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.49 460.10 Td (4.44%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.32 460.10 Td ( ef) Tj ET Q q 0 0 0 rg BT 168.41 460.10 Td (fective tax rate increase, as a result of the enactment of the ) Tj ET Q q 0 0 0 rg BT 405.05 460.10 Td (T) Tj ET Q q 0 0 0 rg BT 410.46 460.10 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 479.91 460.10 Td (Act of 2017 in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (December 2017. In 2017, Customers also had an unrecorded basis dif) Tj ET Q q 0 0 0 rg BT 330.58 448.10 Td (ference in foreign subsidiaries of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.70 448.10 Td ($4.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.59 448.10 Td (, or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (3.65%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 436.10 Td ( ef) Tj ET Q q 0 0 0 rg BT 85.92 436.10 Td (fective tax rate increase, related to the other) Tj ET Q q 0 0 0 rg BT 260.62 436.10 Td (-than-temporary impairment char) Tj ET Q q 0 0 0 rg BT 393.72 436.10 Td (ges recorded during 2017 on equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (securities held by these foreign subsidiaries. ) Tj ET Q q 0 0 0 rg BT 231.44 424.10 Td (These adjustments were of) Tj ET Q q 0 0 0 rg BT 338.17 424.10 Td (fset in part by the federal tax benefit recognized of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td ($10.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 412.10 Td (, or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.66 412.10 Td (8.67%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.49 412.10 Td ( ef) Tj ET Q q 0 0 0 rg BT 162.58 412.10 Td (fective tax rate reduction, resulting from exercises of employee stock options and vesting of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (restricted stock units. Customers currently estimates a 2018 ef) Tj ET Q q 0 0 0 rg BT 300.87 400.10 Td (fective tax rate of approximately 24%. ) Tj ET Q q 0 0 0 rg BT 459.51 400.10 Td (The decrease from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (2017 ef) Tj ET Q q 0 0 0 rg BT 80.09 388.10 Td (fective tax rate is due to the ) Tj ET Q q 0 0 0 rg BT 192.92 388.10 Td (T) Tj ET Q q 0 0 0 rg BT 198.33 388.10 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 267.77 388.10 Td (Act of 2017 enacted on December 22, 2017, which reduced the corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (federal tax rate from 35% to 21% ef) Tj ET Q q 0 0 0 rg BT 193.92 376.10 Td (fective January 1, 2018. For additional information, see NOTE 16 - INCOME ) Tj ET Q q 0 0 0 rg BT 510.34 376.10 Td (T) Tj ET Q q 0 0 0 rg BT 515.64 376.10 Td (AXES to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (Customers' audited financial statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 340.10 Td (December31, 2016) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 340.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 340.10 Td (2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 340.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (The income tax expense and ef) Tj ET Q q 0 0 0 rg BT 173.93 316.10 Td (fective tax rate include both federal and state income taxes. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.88 316.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.88 316.10 Td (, income tax expense was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td ($45.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 304.10 Td ( with an ef) Tj ET Q q 0 0 0 rg BT 146.20 304.10 Td (fective tax rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.93 304.10 Td (36.83%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.76 304.10 Td (, compared to an expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.44 304.10 Td ($29.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.33 304.10 Td ( and an ef) Tj ET Q q 0 0 0 rg BT 457.29 304.10 Td (fective tax rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.03 304.10 Td (33.80%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.86 304.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.16 292.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.16 292.10 Td (. Income tax expense was primarily driven by net income before taxes of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.44 292.10 Td ($124.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.34 292.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.77 292.10 Td ($88.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.67 292.10 Td ( for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.98 280.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.56 280.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.00 280.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.00 280.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 270.66 280.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.99 280.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.99 280.10 Td (, the ef) Tj ET Q q 0 0 0 rg BT 336.29 280.10 Td (fective tax rate was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.25 280.10 Td (higher) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.80 280.10 Td ( due to state income tax items ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.05 268.10 Td ($4.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.94 268.10 Td (, or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.71 268.10 Td (3.65%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.54 268.10 Td ( ef) Tj ET Q q 0 0 0 rg BT 190.63 268.10 Td (fective tax rate increase, driven by a greater proportion of income producing assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (domiciled in New ) Tj ET Q q 0 0 0 rg BT 123.78 256.10 Td (Y) Tj ET Q q 0 0 0 rg BT 130.00 256.10 Td (ork, particularly in New ) Tj ET Q q 0 0 0 rg BT 228.21 256.10 Td (Y) Tj ET Q q 0 0 0 rg BT 234.43 256.10 Td (ork City) Tj ET Q q 0 0 0 rg BT 266.84 256.10 Td (, an unrecorded basis dif) Tj ET Q q 0 0 0 rg BT 364.68 256.10 Td (ference in foreign subsidiaries of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.79 256.10 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.69 256.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (2.27%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 244.10 Td (, related to an other) Tj ET Q q 0 0 0 rg BT 153.10 244.10 Td (-than-temporary impairment char) Tj ET Q q 0 0 0 rg BT 286.19 244.10 Td (ge recorded on equity securities in fourth quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.90 244.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.90 244.10 Td (, partially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 232.10 Td (fset by an equity-based compensation benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.26 232.10 Td ($3.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 232.10 Td ( or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.42 232.10 Td (2.94%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.25 232.10 Td ( ef) Tj ET Q q 0 0 0 rg BT 357.33 232.10 Td (fective tax rate reduction, from the early adoption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.28 220.10 Td (ASU No. 2016-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 138.33 220.10 Td (Impr) Tj ET Q q 0 0 0 rg BT 157.41 220.10 Td (ovements to Employee Shar) Tj ET Q q 0 0 0 rg BT 267.84 220.10 Td (e-Based ) Tj ET Q q 0 0 0 rg BT 302.36 220.10 Td (Accounting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.91 220.10 Td (and a reduction of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.88 220.10 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.77 220.10 Td (, or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.54 220.10 Td (1.38%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.37 220.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 208.10 Td (fective tax rate reduction, due to a tax benefit resulting from bank-owned life insurance income. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.16 208.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.16 208.10 Td (, the ef) Tj ET Q q 0 0 0 rg BT 504.46 208.10 Td (fective tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (rate was reduced due to a tax benefit resulting from bank-owned life insurance income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.58 196.10 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.48 196.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.31 196.10 Td (2.73%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.14 196.10 Td (.) Tj ET Q endstream endobj 149 0 obj <> endobj 150 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (73) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.20 742.25 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 303.32 742.25 Td ( CONDITION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.50 718.25 Td (GENERAL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Customers reported total assets in excess of $10 billion at June 30, 2017, and September 30, 2017, with total assets reported of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td ($10.9 billion and $10.5 billion, respectively) Tj ET Q q 0 0 0 rg BT 224.33 682.25 Td (. Customers strategically reduced total assets to under $10 billion at December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (2017, to improve capital ratios and to continue to maintain its small issuer status under the Durbin ) Tj ET Q q 0 0 0 rg BT 444.38 670.25 Td (Amendment to maximize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (interchange revenue until the spin-of) Tj ET Q q 0 0 0 rg BT 196.99 658.25 Td (f of BankMobile is completed, or until July 1, 2019. During fourth quarter 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (Customers reduced total assets by selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.19 646.25 Td ($0.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.31 646.25 Td ( of consumer residential loans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.27 646.25 Td ($0.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.38 646.25 Td ( of multi-family loans, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.81 646.25 Td ($0.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 634.25 Td ( of investment securities. Commercial loans to mortgage banking businesses also declined in fourth quarter 2017 by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td ($0.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.11 622.25 Td ( as a result of normal seasonality) Tj ET Q q 0 0 0 rg BT 226.54 622.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (At December 31, 2017, total assets were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.12 598.25 Td ($9.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.23 598.25 Td (. ) Tj ET Q q 0 0 0 rg BT 267.55 598.25 Td (This represented a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.35 598.25 Td ($0.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.46 598.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.29 598.25 Td (4.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.12 598.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.12 598.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.88 598.25 Td ( from total assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td ($9.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.11 586.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 586.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.91 586.25 Td (. ) Tj ET Q q 0 0 0 rg BT 194.23 586.25 Td (The major change in Customers' financial position occurred as a result of or) Tj ET Q q 0 0 0 rg BT 497.43 586.25 Td (ganic growth in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (loans receivable, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.63 574.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.38 574.25 Td ( by $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.38 574.25 Td (0.6 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.49 574.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.32 574.25 Td (10.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 574.25 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.43 574.25 Td ($6.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.54 574.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.76 574.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.35 574.25 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.28 574.25 Td ($6.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.40 574.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 562.25 Td (. ) Tj ET Q q 0 0 0 rg BT 135.90 562.25 Td (This increase was of) Tj ET Q q 0 0 0 rg BT 217.64 562.25 Td (fset in part by a decline in loans held for sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.35 562.25 Td ($0.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.46 562.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.29 562.25 Td (8.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.13 562.25 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.06 562.25 Td ($2.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 550.25 Td ( at December 31, 2016, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.19 550.25 Td ($1.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.31 550.25 Td ( at December 31, 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 526.25 Td (otal loans outstanding were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.61 526.25 Td ($8.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.72 526.25 Td ( at December 31, 2017, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.72 526.25 Td ($8.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.84 526.25 Td ( at December 31, 2016, an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td ($0.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.11 514.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.94 514.25 Td (5.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.77 514.25 Td (. Multi-family loans increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.80 514.25 Td ($0.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.91 514.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.69 514.25 Td ($3.6 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.80 514.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.02 514.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.60 514.25 Td (. Commercial and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (industrial loans, including owner) Tj ET Q q 0 0 0 rg BT 181.45 502.25 Td (-occupied commercial real estate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.32 502.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.07 502.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.07 502.25 Td ($0.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.18 502.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.96 502.25 Td ($1.6 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.07 502.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.29 502.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 490.25 Td (. Commercial loans to mortgage banking businesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.02 490.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.43 490.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.93 490.25 Td ($0.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.04 490.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.82 490.25 Td ($1.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.94 490.25 Td ( at December 31, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 466.25 Td (otal liabilities were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.55 466.25 Td ($8.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.66 466.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.88 466.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.46 466.25 Td (. ) Tj ET Q q 0 0 0 rg BT 278.78 466.25 Td (This represented a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.58 466.25 Td ($0.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.70 466.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.53 466.25 Td (4.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.36 466.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.36 466.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.11 466.25 Td ( from total liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 454.25 Td ($8.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.94 454.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.16 454.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.74 454.25 Td (. ) Tj ET Q q 0 0 0 rg BT 205.06 454.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.11 454.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.86 454.25 Td ( in total liabilities resulted primarily from a higher level of borrowings in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 442.25 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.70 442.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.70 442.25 Td (. FHLB borrowings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.32 442.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.07 442.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.07 442.25 Td ($0.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.18 442.25 Td (, federal funds purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.20 442.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.95 442.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.95 442.25 Td ($72.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.84 442.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (other borrowings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.10 430.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.85 430.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.85 430.25 Td ($99.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.74 430.25 Td ( due to the issuance of the $100 million 3.95% Senior Notes in June 2017. ) Tj ET Q q 0 0 0 rg BT 529.19 430.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (increases were partially of) Tj ET Q q 0 0 0 rg BT 155.04 418.25 Td (fset by lower levels of deposits. ) Tj ET Q q 0 0 0 rg BT 286.50 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 291.91 418.25 Td (otal deposits decreased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.10 418.25 Td ($0.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.21 418.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.04 418.25 Td (6.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.88 418.25 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 418.25 Td ($6.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.27 418.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 406.25 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.52 406.25 Td ($7.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.64 406.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.85 406.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.44 406.25 Td (. ) Tj ET Q q 0 0 0 rg BT 299.76 406.25 Td (T) Tj ET Q q 0 0 0 rg BT 305.51 406.25 Td (ransaction deposits increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.14 406.25 Td ($0.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.25 406.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.08 406.25 Td (9.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.91 406.25 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.19 406.25 Td ($4.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 394.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.33 394.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.91 394.25 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.85 394.25 Td ($4.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.97 394.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.18 394.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.77 394.25 Td (, with non-interest bearing deposits increasing by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.17 394.25 Td ($86.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 382.25 Td (. Certificates of deposit accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.68 382.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.10 382.25 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.10 382.25 Td ($0.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.21 382.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.04 382.25 Td (32.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.87 382.25 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 382.25 Td ($1.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.26 382.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.48 382.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.06 382.25 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.00 382.25 Td ($2.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 370.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.33 370.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.91 370.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (The following table sets forth certain key condensed balance sheet data:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 299.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 299.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 299.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 299.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 271.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 271.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 271.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 271.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 242.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 242.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 242.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 242.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 214.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 214.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 214.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 214.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 186.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 186.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 186.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 186.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 158.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 158.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 158.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 158.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 130.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 130.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 130.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 130.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 323.75 m 493.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 323.75 m 497.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 323.75 m 562.5 323.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 311.75 m 493.5 311.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 311.75 m 562.5 311.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 327.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.55 327.70 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 315.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 315.70 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 315.70 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 303.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 290.32 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 290.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 290.32 Td (146,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 290.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 290.32 Td (264,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 276.32 Td (Investment securities available for sale, at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 276.32 Td (471,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 276.32 Td (493,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 262.32 Td (Loans held for sale \(includes $1,795,294 and $2,1) Tj ET Q q 0 0 0 rg BT 252.77 262.32 Td (17,510, respectively) Tj ET Q q 0 0 0 rg BT 333.07 262.32 Td (, at fair value\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 261.42 Td (1,939,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 261.42 Td (2,1) Tj ET Q q 0 0 0 rg BT 531.15 261.42 Td (17,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 247.32 Td (Loans receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 247.32 Td (6,768,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 247.32 Td (6,154,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 233.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 233.32 Td (otal loans receivable, net of allowance for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 233.32 Td (6,730,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 233.32 Td (6,1) Tj ET Q q 0 0 0 rg BT 531.15 233.32 Td (17,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 219.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 219.32 Td (otal assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 219.32 Td (9,839,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 219.32 Td (9,382,736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 205.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 205.32 Td (otal deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 205.32 Td (6,800,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 205.32 Td (7,303,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 191.32 Td (Federal funds purchased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 191.32 Td (155,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 191.32 Td (83,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 177.32 Td (FHLB advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 177.32 Td (1,61) Tj ET Q q 0 0 0 rg BT 467.15 177.32 Td (1,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 177.32 Td (868,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 163.32 Td (Other borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 163.32 Td (186,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 163.32 Td (87,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 149.32 Td ( Subordinated debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 149.32 Td (108,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 149.32 Td (108,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 135.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 135.32 Td (otal liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 135.32 Td (8,918,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 135.32 Td (8,526,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 121.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 121.32 Td (otal shareholders) Tj ET Q q 0 0 0 rg BT 129.03 121.32 Td ( equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 121.32 Td (920,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 121.32 Td (855,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 107.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 107.32 Td (otal liabilities and shareholders) Tj ET Q q 0 0 0 rg BT 185.69 107.32 Td ( equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 107.32 Td (9,839,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 107.32 Td (9,382,736) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 151 0 obj <> endobj 152 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (74) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.75 742.25 Td (CASH ) Tj ET Q q 0 0 0 rg BT 261.48 742.25 Td (AND CASH EQIV) Tj ET Q q 0 0 0 rg BT 340.20 742.25 Td (ALENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Cash and cash equivalents include cash and due from banks and interest-earning deposits. Cash and due from banks consists ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (mainly of vault cash and cash items in the process of collection. ) Tj ET Q q 0 0 0 rg BT 310.30 706.25 Td (These balances totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.32 706.25 Td ($20.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.21 706.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.42 706.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.01 706.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (This represents a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.25 694.25 Td ($17.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.15 694.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.65 694.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.06 694.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.50 694.25 Td ($37.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.39 694.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.61 694.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.19 694.25 Td (. ) Tj ET Q q 0 0 0 rg BT 387.51 694.25 Td (These balances vary from day to day) Tj ET Q q 0 0 0 rg BT 534.02 694.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (primarily due to fluctuations in customers) Tj ET Q q 0 0 0 rg BT 220.05 682.25 Td ( deposits with the Bank. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Interest-earning deposits consist mainly of deposits at the Federal Reserve Bank of Philadelphia. ) Tj ET Q q 0 0 0 rg BT 441.11 658.25 Td (These deposits totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.48 658.25 Td ($125.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 646.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.11 646.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.69 646.25 Td (, which was a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.62 646.25 Td ($101.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.51 646.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.01 646.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.43 646.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.87 646.25 Td ($227.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.76 646.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.97 646.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.56 646.25 Td (. ) Tj ET Q q 0 0 0 rg BT 503.88 646.25 Td (This balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (varies from day to day) Tj ET Q q 0 0 0 rg BT 139.32 634.25 Td (, depending on several factors, such as fluctuations in customers) Tj ET Q q 0 0 0 rg BT 398.78 634.25 Td ( deposits with the Bank, payment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (checks drawn on customers) Tj ET Q q 0 0 0 rg BT 162.83 622.25 Td ( accounts and strategic investment decisions made to maximize Customers' net interest income, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (while ef) Tj ET Q q 0 0 0 rg BT 82.30 610.25 Td (fectively managing interest-rate risk and liquidity) Tj ET Q q 0 0 0 rg BT 279.65 610.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (In connection with the June 2016 acquisition of the Disbursement business from Higher One, as of December 31, 2017 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (2016, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.22 574.25 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.61 574.25 Td ( and $20 million, respectively) Tj ET Q q 0 0 0 rg BT 297.10 574.25 Td (, in an escrow account restricted in use with a third party to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (paid to Higher One upon the first and second anniversaries of the transaction closing. See NOTE 2 - ) Tj ET Q q 0 0 0 rg BT 454.89 562.25 Td (ACQUISITION ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (ACTIVITY) Tj ET Q q 0 0 0 rg BT 96.84 550.25 Td ( to Customers' audited financial statements for additional information related to the acquisition of the Disbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 90.84 538.25 Td (Also, in connection with the planned spin-of) Tj ET Q q 0 0 0 rg BT 268.68 538.25 Td (f and mer) Tj ET Q q 0 0 0 rg BT 306.82 538.25 Td (ger of BankMobile, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.13 538.25 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.02 538.25 Td ( in an escrow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (account with a third party that is reserved for payment to Flagship Community Bank in the event the agreement is terminated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (for reasons described in the ) Tj ET Q q 0 0 0 rg BT 161.91 514.25 Td (Amended and Restated Purchase and ) Tj ET Q q 0 0 0 rg BT 312.14 514.25 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 362.43 514.25 Td (Agreement and Plan of Mer) Tj ET Q q 0 0 0 rg BT 473.88 514.25 Td (ger) Tj ET Q q 0 0 0 rg BT 486.10 514.25 Td (. See NOTE 3 - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (SPIN-OFF ) Tj ET Q q 0 0 0 rg BT 95.30 502.25 Td (AND MERGER to Customers' audited financial statements for additional information related to this planned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (transaction. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.90 454.25 Td (INVESTMENT) Tj ET Q q 0 0 0 rg BT 307.96 454.25 Td ( SECURITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (The investment securities portfolio is an important source of interest income and liquidity) Tj ET Q q 0 0 0 rg BT 408.15 430.25 Td (. It consists of mortgage-backed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (securities \(guaranteed by an agency of the United States government\), domestic corporate debt and marketable equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (securities. In addition to generating revenue, the investment portfolio is maintained to manage interest-rate risk, provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 83.24 394.25 Td (, provide collateral for other borrowings and diversify the credit risk of interest-earning assets. ) Tj ET Q q 0 0 0 rg BT 465.44 394.25 Td (The portfolio is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (structured to maximize net interest income, given changes in the economic environment, liquidity position and balance sheet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (mix.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 346.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 346.25 Td (, investment securities were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.66 346.25 Td ($471.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.55 346.25 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.25 346.25 Td ($493.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.14 346.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.36 346.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.94 346.25 Td (. ) Tj ET Q q 0 0 0 rg BT 525.26 346.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.41 334.25 Td ( was primarily the result of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.88 334.25 Td ($817.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.77 334.25 Td ( reduction in securities due to sales, maturities, calls and principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (repayments and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.47 322.25 Td ($12.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.36 322.25 Td ( impairment loss on equity securities, of) Tj ET Q q 0 0 0 rg BT 336.43 322.25 Td (fset in part by purchases of higher) Tj ET Q q 0 0 0 rg BT 472.30 322.25 Td (-yielding securities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td ($796.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 310.25 Td ( as Customers improved its average yield on investment securities to 2.89% for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (2017, compared to 2.64% for the year ended December 31, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (For financial reporting purposes, available-for) Tj ET Q q 0 0 0 rg BT 234.46 274.25 Td (-sale securities are carried at fair value. Unrealized gains and losses on available-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (for) Tj ET Q q 0 0 0 rg BT 61.46 262.25 Td (-sale securities are included in other comprehensive income and reported as a separate component of shareholders) Tj ET Q q 0 0 0 rg BT 519.70 262.25 Td ( equity) Tj ET Q q 0 0 0 rg BT 546.54 262.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (net of the related tax ef) Tj ET Q q 0 0 0 rg BT 142.27 250.25 Td (fect. Beginning January 1, 2018, changes in the fair value of marketable equity securities classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (available for sale will be recorded in earnings in the period in which they occur and will no longer be deferred in accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (other comprehensive income. ) Tj ET Q q 0 0 0 rg BT 172.46 226.25 Td (Amounts previously recorded to accumulated other comprehensive income were reclassified to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (retained earnings on January 1, 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (The following table sets forth the amortized cost of the investment securities at December 31, 2017 and 2016.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 66.25 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 130.75 350.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 130.75 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 130.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 130.75 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 104.75 350.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 104.75 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 104.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 104.75 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 53.50 78.75 350.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 78.75 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 78.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 78.75 75.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 167.75 m 478.5 167.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 167.75 m 482.5 167.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 167.75 m 557.5 167.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 155.75 m 478.5 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 155.75 m 557.5 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 78.75 m 478.5 78.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 78.75 m 557.5 78.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 78.75 m 478.5 78.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 66.75 m 478.5 66.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 64.75 m 478.5 64.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 78.75 m 557.5 78.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 66.75 m 557.5 66.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 64.75 m 557.5 64.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.55 171.70 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.50 159.70 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.50 159.70 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 56.00 147.01 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.00 134.48 Td (A) Tj ET Q q 0 0 0 rg BT 62.48 134.48 Td (vailable for) Tj ET Q q 0 0 0 rg BT 110.90 134.48 Td ( Sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 121.32 Td (Agency-guaranteed residential mortgage-backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 121.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 121.32 Td (186,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 121.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 121.32 Td (233,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 108.32 Td (Agency-guaranteed commercial real estate mortgage-backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 108.32 Td (238,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 108.32 Td (204,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 95.32 Td (Corporate notes \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.15 95.32 Td (44,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 95.32 Td (44,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 82.32 Td (Equity securities \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 82.32 Td (2,31) Tj ET Q q 0 0 0 rg BT 469.65 82.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 82.32 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 69.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.15 69.32 Td (472,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.00 69.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 69.32 Td (497,869) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 48.95 55.45 Td (\(1\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.45 55.45 Td (Includes subordinated debt issued by other bank holding companies.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 48.95 44.65 Td (\(2\) ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 80.45 44.65 Td (Includes equity securities issued by a foreign entity) Tj ET Q q 0 0 0 rg BT 264.57 44.65 Td (.) Tj ET Q endstream endobj 153 0 obj <> endobj 154 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The following table sets forth information about the maturities and weighted-average yield of the securities portfolio. ) Tj ET Q q 0 0 0 rg BT 523.38 742.10 Td (Y) Tj ET Q q 0 0 0 rg BT 530.05 742.10 Td (ields ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (are not reported on a tax-equivalent basis.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 637.60 136.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 637.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 637.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 637.60 49.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 637.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 637.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 637.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 637.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 637.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 637.60 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 637.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 637.60 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 637.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 637.60 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 601.60 136.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 601.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 601.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 601.60 49.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 601.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 601.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 601.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 601.60 45.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 601.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 601.60 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 601.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 601.60 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 601.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 601.60 56.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 565.60 136.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 565.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 565.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 565.60 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 565.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 565.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 565.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 565.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 565.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 565.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 565.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 565.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 565.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 565.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 539.60 136.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 539.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 539.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 539.60 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 539.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 539.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 539.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 539.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 539.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 539.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 539.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 539.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 539.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 539.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 513.60 136.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 513.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 513.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 513.60 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 513.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 513.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 513.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 513.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 513.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 513.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 513.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 513.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 513.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 513.60 56.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 706.6 m 231.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 706.6 m 235.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 706.6 m 284.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 706.6 m 288.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 706.6 m 333.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 706.6 m 337.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 706.6 m 382.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 706.6 m 386.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 706.6 m 442.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 706.6 m 446.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 706.6 m 502.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 689.6 m 231.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 689.6 m 235.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 689.6 m 284.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 689.6 m 288.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 689.6 m 333.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 689.6 m 337.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 689.6 m 382.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 689.6 m 386.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 689.6 m 442.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 689.6 m 446.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 689.6 m 502.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 689.6 m 562.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 663.6 m 231.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 663.6 m 235.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 663.6 m 284.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 663.6 m 288.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 663.6 m 333.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 663.6 m 337.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 663.6 m 382.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 663.6 m 386.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 663.6 m 442.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 663.6 m 446.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 663.6 m 502.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 663.6 m 506.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 663.6 m 562.5 663.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 513.6 m 231.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 513.6 m 284.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 513.6 m 333.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 513.6 m 382.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 513.6 m 442.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 513.6 m 502.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 513.6 m 562.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 513.6 m 231.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 501.6 m 231.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 499.6 m 231.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 513.6 m 284.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 501.6 m 284.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 499.6 m 284.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 513.6 m 333.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 501.6 m 333.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 499.6 m 333.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 513.6 m 382.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 501.6 m 382.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 499.6 m 382.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 513.6 m 442.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 501.6 m 442.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 499.6 m 442.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 513.6 m 502.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 501.6 m 502.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 499.6 m 502.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 513.6 m 562.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 501.6 m 562.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 499.6 m 562.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 499.6 m 382.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 501.6 m 382.5 501.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.55 710.85 Td (December 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.00 710.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.55 693.85 Td (Amortized Cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.55 698.55 Td (Fair) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.85 690.60 Td (V) Tj ET Q q 0 0 0 rg BT 529.74 690.60 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 206.20 675.85 Td (<) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 203.15 667.85 Td (1yr) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.15 675.85 Td (1 -5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.05 667.85 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.15 675.85 Td (5 -10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.05 667.85 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.05 675.85 Td (After10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.05 667.85 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.10 681.55 Td (No) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.55 673.55 Td (specific) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.40 665.60 Td (maturity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.80 667.85 Td (T) Tj ET Q q 0 0 0 rg BT 470.41 667.85 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.80 667.85 Td (T) Tj ET Q q 0 0 0 rg BT 530.13 667.85 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 655.55 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 642.33 Td (A) Tj ET Q q 0 0 0 rg BT 59.48 642.33 Td (vailable for) Tj ET Q q 0 0 0 rg BT 107.90 642.33 Td ( Sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 628.17 Td (Residential mortgage-backed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 618.17 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.00 619.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 619.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 619.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 619.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 619.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 619.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 619.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 619.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 619.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.10 619.27 Td (186,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 619.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.10 619.27 Td (186,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 619.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 619.27 Td (183,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 605.17 Td (Y) Tj ET Q q 0 0 0 rg BT 77.95 605.17 Td (ield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 605.17 Td (2.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 605.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 605.17 Td (2.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 605.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 605.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 592.17 Td (Commercial real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 582.17 Td (mortgage-backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.10 583.27 Td (238,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 583.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.10 583.27 Td (238,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 583.27 Td (238,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 569.17 Td (Y) Tj ET Q q 0 0 0 rg BT 77.95 569.17 Td (ield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 569.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 569.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 569.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 569.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 569.17 Td (3.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 569.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 569.17 Td (3.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 569.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 569.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 556.17 Td (Corporate notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 556.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 556.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.10 556.17 Td (42,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.10 556.17 Td (2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 556.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 556.17 Td (44,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 556.17 Td (46,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 543.17 Td (Y) Tj ET Q q 0 0 0 rg BT 77.95 543.17 Td (ield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 543.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 543.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 543.17 Td (5.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 543.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 543.17 Td (5.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 543.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 543.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 543.17 Td (5.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 543.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 543.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 530.17 Td (Equity securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 530.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 530.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 530.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 530.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 530.17 Td (2,31) Tj ET Q q 0 0 0 rg BT 428.65 530.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 530.17 Td (2,31) Tj ET Q q 0 0 0 rg BT 488.65 530.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 530.17 Td (3,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 517.17 Td (Y) Tj ET Q q 0 0 0 rg BT 77.67 517.17 Td (ield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 517.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 517.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 517.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 517.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 517.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 517.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 517.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 517.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 517.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 504.17 Td (T) Tj ET Q q 0 0 0 rg BT 94.41 504.17 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.00 504.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 504.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 504.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 504.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.00 504.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.10 504.17 Td (42,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 504.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.10 504.17 Td (2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.00 504.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.10 504.17 Td (427,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 504.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.10 504.17 Td (472,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 504.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 504.17 Td (471,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 491.17 Td (W) Tj ET Q q 0 0 0 rg BT 61.64 491.17 Td (eighted-A) Tj ET Q q 0 0 0 rg BT 100.88 491.17 Td (verage ) Tj ET Q q 0 0 0 rg BT 129.66 491.17 Td (Y) Tj ET Q q 0 0 0 rg BT 136.33 491.17 Td (ield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.65 491.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.65 491.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 491.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 491.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 491.17 Td (5.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 491.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.15 491.17 Td (5.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.65 491.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 491.17 Td (2.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 491.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 491.17 Td (3.1) Tj ET Q q 0 0 0 rg BT 488.65 491.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 491.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.10 Td (The mortgage-backed securities in the portfolio were issued by Fannie Mae, Freddie Mac, and Ginnie Mae and contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.10 Td (guarantees for the collection of principal and interest on the underlying mortgages. ) Tj ET Q q 0 0 0 rg BT 383.32 452.10 Td (The corporate notes in the portfolio include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.10 Td (subordinated notes issued by other bank holding companies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.75 416.10 Td (LOANS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.10 Td (Existing lending relationships are primarily with small and middle market businesses and individual consumers primarily in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.10 Td (Bucks, Berks, Chester) Tj ET Q q 0 0 0 rg BT 138.48 380.10 Td (, Montgomery) Tj ET Q q 0 0 0 rg BT 195.04 380.10 Td (, Delaware, and Philadelphia Counties, Pennsylvania; Camden and Mercer Counties, New ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.10 Td (Jersey; and ) Tj ET Q q 0 0 0 rg BT 97.03 368.10 Td (W) Tj ET Q q 0 0 0 rg BT 105.66 368.10 Td (estchester) Tj ET Q q 0 0 0 rg BT 144.69 368.10 Td (, Suf) Tj ET Q q 0 0 0 rg BT 163.40 368.10 Td (folk and New ) Tj ET Q q 0 0 0 rg BT 219.96 368.10 Td (Y) Tj ET Q q 0 0 0 rg BT 226.18 368.10 Td (ork Counties, New ) Tj ET Q q 0 0 0 rg BT 303.57 368.10 Td (Y) Tj ET Q q 0 0 0 rg BT 309.79 368.10 Td (ork; and the New England area. ) Tj ET Q q 0 0 0 rg BT 441.23 368.10 Td (The portfolio of loans to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.10 Td (mortgage banking businesses is nationwide. ) Tj ET Q q 0 0 0 rg BT 230.63 356.10 Td (The loan portfolio consists primarily of loans to support mortgage banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (companies) Tj ET Q q 0 0 0 rg BT 95.35 344.10 Td ( funding needs, multi-family/commercial real estate and commercial and industrial loans. ) Tj ET Q q 0 0 0 rg BT 457.28 344.10 Td (The Bank continues to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.10 Td (focus on small and middle market business loans to grow its commercial lending ef) Tj ET Q q 0 0 0 rg BT 383.36 332.10 Td (forts, expand its specialty mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.10 Td (warehouse lending business and expand its multi-family/commercial real estate lending business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 296.10 Td (Commer) Tj ET Q q 0 0 0 rg BT 84.07 296.10 Td (cial Lending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (Customers' commercial lending is divided into five groups: Business Banking, Small and Middle Market Business Banking, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (Multi-Family and Commercial Real Estate Lending, Mortgage Banking Lending and Equipment Finance. ) Tj ET Q q 0 0 0 rg BT 474.73 260.10 Td (This grouping is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (designed to allow for greater resource deployment, higher standards of risk management, strong asset quality) Tj ET Q q 0 0 0 rg BT 485.33 248.10 Td (, lower interest- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.10 Td (rate risk and higher productivity levels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (The commercial lending group focuses on companies with annual revenues ranging from $1 million to $100 million, that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (typically have credit requirements between $0.5 million and $10 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (The small and middle market business banking platform originates loans, including Small Business ) Tj ET Q q 0 0 0 rg BT 449.39 176.10 Td (Administration loans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (through the branch network sales force and a team of dedicated relationship managers. ) Tj ET Q q 0 0 0 rg BT 401.07 164.10 Td (The support administration of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.10 Td (platform is centralized including risk management, product management, marketing, performance tracking and overall strategy) Tj ET Q q 0 0 0 rg BT 557.50 152.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (Credit and sales training has been established for Customers' sales force, thus ensuring that it has small business experts in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (place to provide appropriate financial solutions to the small business owners in its communities. ) Tj ET Q q 0 0 0 rg BT 436.32 128.10 Td (A) Tj ET Q q 0 0 0 rg BT 442.99 128.10 Td ( division approach focuses on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (industries that of) Tj ET Q q 0 0 0 rg BT 117.03 116.10 Td (fer high asset quality and are deposit rich to drive profitability) Tj ET Q q 0 0 0 rg BT 364.64 116.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (In 2009, Customers launched its lending to mortgage banking businesses products, which primarily provides financing to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (mortgage bankers for residential mortgage originations from loan closing until sale in the secondary market. Many providers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (of liquidity in this segment exited the business in 2009 during a period of market turmoil. Customers saw an opportunity to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.10 Td (provide liquidity to this business segment at attractive spreads. ) Tj ET Q q 0 0 0 rg BT 305.61 56.10 Td (There was also the opportunity to attract escrow deposits and to ) Tj ET Q endstream endobj 155 0 obj <> endobj 156 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (generate fee income in this business. ) Tj ET Q q 0 0 0 rg BT 201.44 742.10 Td (The goal of the lending to mortgage banking business group is to originate loans that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (provide liquidity to mortgage banking companies. ) Tj ET Q q 0 0 0 rg BT 254.78 730.10 Td (These loans are primarily used by mortgage banking companies to fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (their pipelines from closing of individual mortgage loans until their sale into the secondary market. ) Tj ET Q q 0 0 0 rg BT 451.11 718.10 Td (The underlying residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (loans serve as collateral for Customers' commercial loans. ) Tj ET Q q 0 0 0 rg BT 286.73 706.10 Td (As of December31, 2017 and 2016, commercial loans to mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (banking businesses totaled $1.8 billion and $2.1 billion, respectively) Tj ET Q q 0 0 0 rg BT 323.48 694.10 Td (, and are designated as held for sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (The goal of Customers' multi-family lending group is to build a portfolio of high-quality multi-family loans within Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (covered markets while cross-selling other products and services. ) Tj ET Q q 0 0 0 rg BT 312.51 658.10 Td (These lending activities primarily tar) Tj ET Q q 0 0 0 rg BT 460.06 658.10 Td (get the refinancing of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (loans with other banks using conservative underwriting standards and provide purchase money for new acquisitions by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (borrowers. ) Tj ET Q q 0 0 0 rg BT 97.86 634.10 Td (The primary collateral for these loans is a first-lien mortgage on the multi-family property) Tj ET Q q 0 0 0 rg BT 457.37 634.10 Td (, plus an assignment of all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (leases related to such property) Tj ET Q q 0 0 0 rg BT 170.42 622.10 Td (. ) Tj ET Q q 0 0 0 rg BT 177.36 622.10 Td (As of December31, 2017, Customers had multi-family loans of $3.6 billion outstanding, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (comprising approximately 41.9% of the total loan portfolio, compared to $3.2 billion, or approximately 38.9% of the total loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (portfolio, at December31, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (The equipment finance group of) Tj ET Q q 0 0 0 rg BT 178.66 574.10 Td (fers equipment financing and leasing products and services for a broad range of asset classes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (It services vendors, dealers, independent finance companies, bank-owned leasing companies and strategic direct customers in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (the plastics, packaging, machine tool, construction, transportation and franchise markets. ) Tj ET Q q 0 0 0 rg BT 409.90 550.10 Td (As of December 31, 2017 and 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Customers had $152.5 million and $89.4 million, respectively) Tj ET Q q 0 0 0 rg BT 297.10 538.10 Td (, of equipment finance loans outstanding. ) Tj ET Q q 0 0 0 rg BT 466.79 538.10 Td (As of December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (2017 and 2016, Customers had $26.6 million and $10.3 million of finance leases, respectively) Tj ET Q q 0 0 0 rg BT 425.67 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 432.62 526.10 Td (As of December 31, 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Customers had $22.2 million of operating leases entered into under this program. Customers had not entered into similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (operating lease arrangements in 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.10 Td (As of December31, 2017, Customers had $8.4 billion in commercial loans outstanding, composing approximately 96.2% of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.10 Td (total loan portfolio, which includes loans held for sale, compared to $8.0 billion, composing approximately 96.4% of its total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (loan portfolio at December31, 2016.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (Consumer Lending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (Customers provides home equity and residential mortgage loans to customers. Underwriting standards for home equity lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (are conservative, and lending is of) Tj ET Q q 0 0 0 rg BT 186.99 400.10 Td (fered to solidify customer relationships and grow relationship revenues in the long term. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (This lending is important in Customers' ef) Tj ET Q q 0 0 0 rg BT 218.27 388.10 Td (forts to grow total relationship revenues for its consumer households. ) Tj ET Q q 0 0 0 rg BT 499.89 388.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (December31, 2017, Customers had $329.7 million in consumer loans outstanding, or 3.8% of the total loan portfolio, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (includes loans held for sale. Customers plans to expand its product of) Tj ET Q q 0 0 0 rg BT 330.04 364.10 Td (ferings in real-estate-secured consumer lending.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Customers has launched a community outreach program in Philadelphia to finance homeownership in urban communities. ) Tj ET Q q 0 0 0 rg BT 543.50 340.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (part of this program, Customers is of) Tj ET Q q 0 0 0 rg BT 197.30 328.10 Td (fering an Af) Tj ET Q q 0 0 0 rg BT 250.42 328.10 Td (fordable Mortgage Product." ) Tj ET Q q 0 0 0 rg BT 370.13 328.10 Td (This community outreach program is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (penetrating the underserved population, especially in low-and-moderate-income neighborhoods. ) Tj ET Q q 0 0 0 rg BT 439.05 316.10 Td (As part of this commitment, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (loan production of) Tj ET Q q 0 0 0 rg BT 123.69 304.10 Td (fice was opened in Progress Plaza, 1501 North Broad Street, Philadelphia, P) Tj ET Q q 0 0 0 rg BT 427.71 304.10 Td (A. ) Tj ET Q q 0 0 0 rg BT 442.25 304.10 Td (The program includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (homebuyer seminars that prepare potential homebuyers for homeownership by teaching money management and budgeting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (skills, including the financial responsibilities that come with having a mortgage and owning a home. ) Tj ET Q q 0 0 0 rg BT 456.40 280.10 Td (The Af) Tj ET Q q 0 0 0 rg BT 489.26 280.10 Td (fordable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (Mortgage Product is of) Tj ET Q q 0 0 0 rg BT 146.74 268.10 Td (fered throughout Customers' assessment areas.) Tj ET Q endstream endobj 157 0 obj <> endobj 158 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The composition of loans held for sale was as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 683.60 165.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 683.60 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 683.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 683.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 683.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 683.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 683.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 683.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 683.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 683.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 647.60 165.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 647.60 71.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 647.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 647.60 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 647.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 647.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 647.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 647.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 647.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 647.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 601.60 165.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 601.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 601.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 601.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 601.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 601.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 601.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 601.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 601.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 601.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 565.60 165.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 565.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 565.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 565.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 565.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 565.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 565.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 565.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 565.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 565.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 707.6 m 286.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 707.6 m 290.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 707.6 m 353.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 707.6 m 357.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 707.6 m 422.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 707.6 m 426.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 707.6 m 491.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 707.6 m 495.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 707.6 m 560.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 695.6 m 286.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 695.6 m 353.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 695.6 m 422.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 695.6 m 491.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 695.6 m 560.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 624.6 m 286.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 624.6 m 286.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 624.6 m 353.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 624.6 m 422.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 624.6 m 491.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 624.6 m 560.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 565.6 m 286.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 565.6 m 353.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 565.6 m 422.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 565.6 m 286.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 552.6 m 286.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 550.6 m 286.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 552.6 m 353.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 550.6 m 353.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 552.6 m 422.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 550.6 m 422.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 565.6 m 491.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 552.6 m 491.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 550.6 m 491.5 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 565.6 m 560.5 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 552.6 m 560.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 550.6 m 560.5 550.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.05 711.55 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.50 699.55 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.50 699.55 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.50 699.55 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.50 699.55 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.50 699.55 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 687.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 674.17 Td (Commercial Loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 661.17 Td (Mortgage warehouse loans at fair) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 651.17 Td (value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.00 652.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 652.27 Td (1,793,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 652.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 652.27 Td (2,1) Tj ET Q q 0 0 0 rg BT 322.15 652.27 Td (16,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 652.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 652.27 Td (1,754,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 652.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 652.27 Td (1,332,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 652.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 652.27 Td (740,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 638.17 Td (Multi-family loans at lower of cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 628.17 Td (or fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 629.27 Td (144,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.65 629.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 629.27 Td (39,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.15 629.27 Td (99,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 629.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 615.17 Td (T) Tj ET Q q 0 0 0 rg BT 88.76 615.17 Td (otal commercial loans held for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 605.17 Td (sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 606.27 Td (1,937,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 606.27 Td (2,1) Tj ET Q q 0 0 0 rg BT 322.15 606.27 Td (16,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 606.27 Td (1,794,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 606.27 Td (1,431,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 606.27 Td (740,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 592.17 Td (Consumer Loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 578.17 Td (Residential mortgage loans at fair) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 568.22 Td (value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 570.27 Td (1,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 570.27 Td (695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 570.27 Td (2,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 570.27 Td (3,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 570.27 Td (6,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 556.17 Td (Loans held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.00 556.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 556.17 Td (1,939,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 556.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 556.17 Td (2,1) Tj ET Q q 0 0 0 rg BT 322.15 556.17 Td (17,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 556.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 556.17 Td (1,797,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 556.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 556.17 Td (1,435,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 556.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 556.17 Td (747,593) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.10 Td (At December 31, 2017, loans held for sale totaled $1.9 billion, or 22.3% of the total portfolio, and $2.1 billion, or 25.6% of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.10 Td (total portfolio, at December 31, 2016. Held-for) Tj ET Q q 0 0 0 rg BT 240.30 516.10 Td (-sale loans are carried on the balance sheet at either fair value \(due to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.10 Td (election of the fair value option\) or at the lower of cost or fair value. ) Tj ET Q q 0 0 0 rg BT 327.40 504.10 Td (An allowance for loan losses is not recorded on loans that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.10 Td (are classified as held for sale. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.10 Td (Because the FDIC loss sharing agreements were terminated in 2016, and the balance of covered loans was not significant to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.10 Td (Customers' total loan portfolio, the disaggregation between covered and non-covered loans is no longer presented in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.10 Td (disclosures that follow) Tj ET Q q 0 0 0 rg BT 139.89 444.10 Td (. ) Tj ET Q q 0 0 0 rg BT 146.84 444.10 Td (Additional disaggregation of the commercial real estate loan portfolio between owner occupied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.10 Td (commercial real estate and non-owner occupied commercial real estate is presented for 2017, 2016, 2015 and 2014. For 2013, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.10 Td (owner occupied commercial real estate and non-owner occupied commercial real estate are presented collectively as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.10 Td (commercial real estate loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.10 Td (The composition of loans receivable \(excluding loans held for sale\) was as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 337.60 166.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 337.60 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 310.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 310.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 310.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 310.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 310.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 310.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 310.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 310.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 310.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 310.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 282.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 282.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 282.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 282.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 282.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 282.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 282.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 282.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 282.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 282.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 254.60 166.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 254.60 71.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 254.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 254.60 64.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 254.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 254.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 254.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 254.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 254.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 254.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 229.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 229.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 229.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 229.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 229.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 229.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 229.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 229.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 229.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 229.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 201.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 201.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 201.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 201.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 201.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 201.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 201.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 201.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 201.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 201.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 173.60 166.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 173.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 173.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 173.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 173.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 173.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 173.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 173.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 173.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 173.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 127.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 127.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 127.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 127.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 127.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 127.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 127.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 127.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 127.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 127.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 361.6 m 287.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 361.6 m 291.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 361.6 m 355.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 361.6 m 359.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 361.6 m 424.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 361.6 m 428.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 361.6 m 493.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 361.6 m 497.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 361.6 m 562.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 349.6 m 287.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 349.6 m 355.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 349.6 m 424.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 349.6 m 493.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 349.6 m 562.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 268.6 m 287.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 268.6 m 355.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 268.6 m 424.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 268.6 m 493.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 268.6 m 562.5 268.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 187.60000000000002 m 424.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 187.60000000000002 m 493.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 187.60000000000002 m 562.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 187.60000000000002 m 287.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 187.60000000000002 m 355.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 187.60000000000002 m 424.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 187.60000000000002 m 493.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 187.60000000000002 m 562.5 187.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 173.60000000000002 m 287.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 173.60000000000002 m 355.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 173.60000000000002 m 424.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 173.60000000000002 m 493.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 173.60000000000002 m 562.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 113.60000000000002 m 424.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 113.60000000000002 m 493.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 113.60000000000002 m 497.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 113.60000000000002 m 562.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 113.60000000000002 m 287.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 100.60000000000002 m 287.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 98.60000000000002 m 287.5 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 113.60000000000002 m 355.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 100.60000000000002 m 355.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 98.60000000000002 m 355.5 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 113.60000000000002 m 424.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 100.60000000000002 m 424.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 98.60000000000002 m 424.5 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 113.60000000000002 m 428.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 100.60000000000002 m 428.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 98.60000000000002 m 428.5 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 113.60000000000002 m 493.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 100.60000000000002 m 493.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 98.60000000000002 m 493.5 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 113.60000000000002 m 497.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 100.60000000000002 m 497.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 98.60000000000002 m 497.5 98.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 113.60000000000002 m 562.5 113.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 100.60000000000002 m 562.5 100.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 98.60000000000002 m 562.5 98.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.55 365.55 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.50 353.55 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.00 353.55 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 353.55 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 353.55 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 353.55 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 341.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 328.17 Td ( Commercial:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 315.17 Td ( Multi-family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.00 315.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 315.17 Td (3,502,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 315.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 315.17 Td (3,214,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 315.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 315.17 Td (2,909,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 315.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 315.17 Td (2,208,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 315.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 315.17 Td (1,064,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 301.17 Td ( Commercial and industrial \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 301.17 Td (1,633,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 301.17 Td (1,382,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 301.17 Td (1,1) Tj ET Q q 0 0 0 rg BT 393.15 301.17 Td (1) Tj ET Q q 0 0 0 rg BT 398.15 301.17 Td (1,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 301.17 Td (785,669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 301.17 Td (296,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 287.17 Td ( Commercial real estate \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 287.17 Td (1,218,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 287.17 Td (1,193,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 287.17 Td (956,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 287.17 Td (839,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 287.17 Td (753,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 273.17 Td ( Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 273.17 Td (85,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 273.17 Td (64,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 273.17 Td (87,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 273.17 Td (49,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 273.17 Td (42,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 259.17 Td ( ) Tj ET Q q 0 0 0 rg BT 75.32 259.17 Td (T) Tj ET Q q 0 0 0 rg BT 80.73 259.17 Td (otal commercial loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 259.17 Td (6,440,31) Tj ET Q q 0 0 0 rg BT 278.65 259.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 259.17 Td (5,855,846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 259.17 Td (5,064,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 259.17 Td (3,883,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 259.17 Td (2,157,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 233.17 Td ( Consumer:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 220.17 Td ( Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.15 220.17 Td (234,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 220.17 Td (193,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 220.17 Td (271,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 220.17 Td (297,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 220.17 Td (163,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 206.17 Td ( Manufactured housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 206.17 Td (90,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 206.17 Td (101,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 206.17 Td (1) Tj ET Q q 0 0 0 rg BT 393.15 206.17 Td (13,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 206.17 Td (126,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 206.17 Td (139,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 192.17 Td ( Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.15 192.17 Td (3,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 192.17 Td (3,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 192.17 Td (3,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 192.17 Td (4,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 192.17 Td (5,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 178.17 Td ( ) Tj ET Q q 0 0 0 rg BT 73.41 178.17 Td (T) Tj ET Q q 0 0 0 rg BT 79.08 178.17 Td (otal consumer loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.15 178.17 Td (327,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 178.17 Td (298,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 178.17 Td (388,81) Tj ET Q q 0 0 0 rg BT 415.65 178.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 178.17 Td (428,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 178.17 Td (308,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 164.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 164.17 Td (otal loans receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 163.27 Td (6,768,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 163.27 Td (6,154,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 163.27 Td (5,453,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 163.27 Td (4,31) Tj ET Q q 0 0 0 rg BT 467.15 163.27 Td (1,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 163.27 Td (2,465,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 149.17 Td ( Deferred costs \(fees\) and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 139.17 Td (unamortized premiums \(discounts\),) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 129.22 Td (net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 132.27 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 132.27 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 132.27 Td (334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 132.27 Td (512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 132.32 Td (\(912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 132.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 118.17 Td ( ) Tj ET Q q 0 0 0 rg BT 73.22 118.17 Td (Allowance for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.80 118.17 Td (\(38,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 118.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.80 118.22 Td (\(37,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 118.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 118.22 Td (\(35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 118.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 118.22 Td (\(30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 118.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 118.22 Td (\(23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 118.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 104.17 Td ( Loans receivable, net of allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.00 104.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 104.17 Td (6,730,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 104.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 104.17 Td (6,1) Tj ET Q q 0 0 0 rg BT 324.15 104.17 Td (17,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 104.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 104.17 Td (5,417,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 104.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 104.17 Td (4,281,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 104.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 104.17 Td (2,441,080) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 85.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 73.70 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 73.70 Td (Includes owner occupied commercial real estate loans for 2017, 2016, 2015 and 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 61.70 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 61.70 Td (Includes non-owner occupied commercial real estate loans for 2017, 2016, 2015 and 2014. For 2013, includes owner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 49.70 Td (occupied and non-owner occupied commercial real estate loans.) Tj ET Q endstream endobj 159 0 obj <> endobj 160 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Loans to mortgage banking businesses and certain residential mortgage and multi-family loans that are expected to be sold are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (classified as loans held for sale. Loans held for sale totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.20 730.10 Td ($1.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.31 730.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.75 730.10 Td ($2.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.87 730.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.08 730.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.67 730.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.10 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.10 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 104.98 718.10 Td (The mortgage warehouse product line provides financing to mortgage companies nationwide from the time of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (loan origination until the loans are sold into the secondary market. ) Tj ET Q q 0 0 0 rg BT 319.66 706.10 Td (As a mortgage warehouse lender) Tj ET Q q 0 0 0 rg BT 450.32 706.10 Td (, Customers provides a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (form of financing to mortgage bankers by purchasing for resale the underlying residential mortgages on a short-term basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (under a master repurchase agreement. Customers is subject to the risks associated with such lending, including, but not limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (to, the risks of fraud, bankruptcy and default of the mortgage banker or of the underlying residential borrower) Tj ET Q q 0 0 0 rg BT 488.62 670.10 Td (, any of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (could result in credit losses. Customers' mortgage warehouse lending team members monitor these mortgage originators by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (obtaining financial and other relevant information to reduce these risks during the lending period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Loans receivable, net of the allowance for loan losses, increased by $0.6 billion to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.73 622.10 Td ($6.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.84 622.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.06 622.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.64 622.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td ($6.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.11 610.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 610.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.91 610.10 Td (. ) Tj ET Q q 0 0 0 rg BT 194.23 610.10 Td (The increase in loans receivable, net of the allowance for loan losses, was attributable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (higher balances in the multi-family and commercial and industrial \(including owner occupied commercial real estate\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (portfolios, with each portfolio having increased by $0.3 billion from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.50 586.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.08 586.10 Td (. ) Tj ET Q q 0 0 0 rg BT 411.40 586.10 Td (The increase in these loan balances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (was the result of Customers' successful execution of its or) Tj ET Q q 0 0 0 rg BT 281.29 574.10 Td (ganic growth strategy) Tj ET Q q 0 0 0 rg BT 367.29 574.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (The following table presents Customers' commercial loans receivable as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.26 550.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.84 550.10 Td ( based on the remaining term to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (contractual maturity) Tj ET Q q 0 0 0 rg BT 130.15 538.10 Td (, and presents the amount of those loans with predetermined fixed rates and floating or adjustable rates: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 470.60 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 470.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 470.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 470.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 470.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 470.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 470.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 470.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 442.60 240.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 442.60 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 442.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 442.60 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 442.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 442.60 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 442.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 442.60 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 404.60 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 404.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 404.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 404.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 404.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 404.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 404.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 404.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 376.60 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 376.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 376.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 376.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 376.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 376.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 376.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 376.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 348.60 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 348.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 348.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 348.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 348.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 348.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 348.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 348.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 482.6 m 355.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 482.6 m 424.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 482.6 m 493.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 482.6 m 562.5 482.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 390.6 m 355.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 390.6 m 424.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 390.6 m 493.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 390.6 m 562.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 390.6 m 355.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 377.6 m 355.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 375.6 m 355.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 390.6 m 424.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 377.6 m 424.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 375.6 m 424.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 390.6 m 493.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 377.6 m 493.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 375.6 m 493.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 390.6 m 562.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 377.6 m 562.5 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 375.6 m 562.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 334.6 m 355.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 334.6 m 424.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 334.6 m 493.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 334.6 m 562.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 321.6 m 355.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 319.6 m 355.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 321.6 m 359.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 319.6 m 359.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 321.6 m 424.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 319.6 m 424.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 321.6 m 428.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 319.6 m 428.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 321.6 m 493.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 319.6 m 493.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 321.6 m 497.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 319.6 m 497.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 321.6 m 562.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 319.6 m 562.5 319.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.55 494.85 Td (W) Tj ET Q q 0 0 0 rg BT 318.78 494.85 Td (ithin) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.80 486.85 Td (one year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.25 518.85 Td (Afterone) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.35 510.85 Td (but) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.25 502.85 Td (within) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.25 494.85 Td (five) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.05 486.85 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.05 502.85 Td (After) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.25 494.85 Td (five) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.05 486.85 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.30 486.85 Td (T) Tj ET Q q 0 0 0 rg BT 525.63 486.85 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 474.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 461.17 Td (Commercial loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 447.17 Td (Multi-family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 447.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 447.17 Td (158,018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 447.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 447.17 Td (1,497,1) Tj ET Q q 0 0 0 rg BT 410.65 447.17 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 447.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 447.17 Td (1,847,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 447.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 447.17 Td (3,502,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 433.17 Td (Commercial and industrial \(including owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 423.17 Td (commercial real estate\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 423.27 Td (124,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 423.27 Td (926,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 423.27 Td (583,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 423.27 Td (1,633,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 409.17 Td (Commercial real estate non-owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 409.17 Td (120,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 409.17 Td (680,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 409.17 Td (417,216) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 409.17 Td (1,218,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 395.17 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 395.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 395.17 Td (19,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 395.17 Td (66,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 395.17 Td (85,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 381.17 Td (T) Tj ET Q q 0 0 0 rg BT 94.76 381.17 Td (otal commercial loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 381.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 381.17 Td (403,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 381.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 381.17 Td (3,123,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 381.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 381.17 Td (2,914,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 381.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 381.17 Td (6,440,31) Tj ET Q q 0 0 0 rg BT 553.65 381.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 367.17 Td (Amount of such loans with:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 353.17 Td (Predetermined rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 353.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 353.17 Td (276,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 353.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 353.17 Td (2,317,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 353.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 353.17 Td (575,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 353.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 353.17 Td (3,169,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 339.17 Td (Floating or adjustable rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 339.17 Td (126,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 339.17 Td (805,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 339.17 Td (2,338,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 339.17 Td (3,270,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 325.17 Td (T) Tj ET Q q 0 0 0 rg BT 94.41 325.17 Td (otal commercial loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 325.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 325.17 Td (403,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 325.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 325.17 Td (3,123,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 325.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 325.17 Td (2,914,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 325.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 325.17 Td (6,440,31) Tj ET Q q 0 0 0 rg BT 553.65 325.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.15 285.10 Td (CREDIT) Tj ET Q q 0 0 0 rg BT 311.87 285.10 Td ( RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.10 Td (Customers manages credit risk by maintaining diversification in its loan portfolio, establishing and enforcing prudent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.10 Td (underwriting standards and collection ef) Tj ET Q q 0 0 0 rg BT 210.88 249.10 Td (forts and continuous and periodic loan classification reviews. Management also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.10 Td (considers the ef) Tj ET Q q 0 0 0 rg BT 112.57 237.10 Td (fect of credit risk on financial performance by reviewing quarterly and maintaining an adequate allowance for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td (loan losses. Credit losses are char) Tj ET Q q 0 0 0 rg BT 186.73 225.10 Td (ged when they are identified, and provisions are added when it is estimated that a loss has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (occurred, to the allowance for loan losses at least quarterly) Tj ET Q q 0 0 0 rg BT 284.26 213.10 Td (. ) Tj ET Q q 0 0 0 rg BT 291.58 213.10 Td (The allowance for loan losses is estimated at least quarterly) Tj ET Q q 0 0 0 rg BT 528.90 213.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (The provision for loan losses was $6.8 million, $3.0 million, and $20.6 million for the years ended December31, 2017, 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.10 Td (and 2015, respectively) Tj ET Q q 0 0 0 rg BT 139.60 177.10 Td (. ) Tj ET Q q 0 0 0 rg BT 146.92 177.10 Td (The allowance for loan losses maintained for loans receivable \(excluding loans held for sale as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.10 Td (estimable credit losses are embedded in the fair values at which the loans are reported\) was $38.0 million, or 0.56% of total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.10 Td (loans receivable, at December31, 2017, and $37.3 million, or 0.61% of total loans receivable, at December31, 2016. Net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.10 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 141.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 87.94 141.10 Td (fs were $6.1 million for the year ended December31, 2017, an increase of $4.4 million compared to $1.7 million for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.10 Td (the year ending December31, 2016. ) Tj ET Q q 0 0 0 rg BT 200.04 129.10 Td (The increase in net char) Tj ET Q q 0 0 0 rg BT 295.37 129.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 316.28 129.10 Td (fs during 2017 was lar) Tj ET Q q 0 0 0 rg BT 405.53 129.10 Td (gely driven by $3.4 million of char) Tj ET Q q 0 0 0 rg BT 545.04 129.10 Td (ge-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 117.10 Td (fs related to two relationships in the commercial and industrial post-2009 originated loan portfolio. ) Tj ET Q q 0 0 0 rg BT 458.06 117.10 Td (Also, in 2017 there was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.10 Td (an increase of $0.4 million of net char) Tj ET Q q 0 0 0 rg BT 201.99 105.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 222.91 105.10 Td (fs in the consumer loan portfolio, lar) Tj ET Q q 0 0 0 rg BT 369.08 105.10 Td (gely the result of char) Tj ET Q q 0 0 0 rg BT 456.08 105.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 477.00 105.10 Td (fs of overdrawn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.10 Td (deposit accounts associated with BankMobile deposit relationships. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.10 Td (Customers had no loans that were covered under loss sharing arrangements with the FDIC as of December31, 2017 and 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.10 Td (On July 1) Tj ET Q q 0 0 0 rg BT 88.52 57.10 Td (1, 2016, Customers entered into an agreement to terminate all existing rights and obligations pursuant to the loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.10 Td (sharing agreements with the FDIC. In connection with the termination agreement, Customers paid the FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.68 45.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.57 45.10 Td ( as ) Tj ET Q endstream endobj 161 0 obj <> endobj 162 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (final payment under these agreements. ) Tj ET Q q 0 0 0 rg BT 208.93 742.10 Td (The negotiated settlement amount was based on net losses incurred on the covered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (assets through September 30, 2015, adjusted for cash payments to and receipts from the FDIC as part of the December 31, 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (and March 31, 2016 certifications. Consequently) Tj ET Q q 0 0 0 rg BT 247.08 718.10 Td (, loans and other real estate owned previously reported as covered assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (pursuant to the loss sharing agreements were no longer presented as covered assets as of June 30, 2016. Customers considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (the covered loans in estimating the allowance for loan losses and considered recovery of estimated credit losses from the FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (in the FDIC indemnification asset. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (The table below presents Customers' allowance for loan losses, excluding the ef) Tj ET Q q 0 0 0 rg BT 369.31 660.10 Td (fects of the FDIC receivable for the periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (prior to the termination of the FDIC loss sharing agreement, for the periods indicated.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 598.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 598.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 598.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 598.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 598.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 598.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 598.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 598.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 598.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 598.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 570.60 199.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 570.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 570.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 570.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 570.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 570.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 570.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 570.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 570.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 570.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 544.60 199.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 544.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 544.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 544.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 544.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 544.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 544.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 544.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 544.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 544.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 518.60 199.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 518.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 518.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 518.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 518.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 518.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 518.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 518.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 518.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 518.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 492.60 199.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 492.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 492.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 492.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 492.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 492.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 492.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 492.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 492.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 492.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 466.60 199.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 466.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 466.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 466.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 466.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 466.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 466.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 466.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 466.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 466.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 440.60 199.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 440.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 440.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 440.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 440.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 440.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 440.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 440.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 440.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 440.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 414.60 199.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 414.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 414.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 414.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 414.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 414.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 414.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 414.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 414.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 414.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 388.60 199.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 388.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 388.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 388.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 388.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 388.60 58.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 388.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 388.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 388.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 388.60 59.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 362.60 199.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 362.60 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 362.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 362.60 59.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 362.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 362.60 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 362.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 362.60 59.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 362.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 362.60 59.00 -24.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 624.6 m 307.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 624.6 m 311.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 624.6 m 370.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 624.6 m 374.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 624.6 m 432.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 624.6 m 436.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 624.6 m 495.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 624.6 m 499.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 624.6 m 558.5 624.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 611.6 m 307.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 611.6 m 370.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 611.6 m 432.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 611.6 m 495.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 611.6 m 558.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 505.6 m 307.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 505.6 m 370.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 505.6 m 432.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 505.6 m 495.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 505.6 m 558.5 505.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 414.6 m 307.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 414.6 m 370.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 414.6 m 432.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 414.6 m 495.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 414.6 m 558.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 401.6 m 307.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 414.6 m 370.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 401.6 m 370.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 414.6 m 432.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 401.6 m 432.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 401.6 m 495.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 401.6 m 558.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 401.6 m 307.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 401.6 m 370.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 401.6 m 432.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 401.6 m 495.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 401.6 m 558.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 375.6 m 307.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 363.6 m 307.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 361.6 m 307.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 375.6 m 370.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 363.6 m 370.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 361.6 m 370.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 375.6 m 432.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 363.6 m 432.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 361.6 m 432.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 375.6 m 495.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 363.6 m 495.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 361.6 m 495.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 375.6 m 558.5 375.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 363.6 m 558.5 363.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 361.6 m 558.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 361.6 m 307.5 361.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 363.6 m 307.5 363.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 628.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.60 628.85 Td (For the ) Tj ET Q q 0 0 0 rg BT 372.34 628.85 Td (Y) Tj ET Q q 0 0 0 rg BT 377.57 628.85 Td (ears Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 615.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 270.00 615.85 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.50 615.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.00 615.85 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.50 615.85 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.50 615.85 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 602.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 588.27 Td (Beginning Balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.00 588.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.15 588.27 Td (37,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 588.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 588.27 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 588.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 588.27 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 588.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 588.27 Td (23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 588.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 588.27 Td (25,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 574.17 Td (Loan char) Tj ET Q q 0 0 0 rg BT 93.16 574.17 Td (ge-of) Tj ET Q q 0 0 0 rg BT 114.08 574.17 Td (fs \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 561.17 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.65 561.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 561.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 561.17 Td (1,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 561.17 Td (895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 561.17 Td (2,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 548.17 Td (Commercial and industrial \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 548.17 Td (4,888) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 548.17 Td (2,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 548.17 Td (1) Tj ET Q q 0 0 0 rg BT 401.15 548.17 Td (1,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 548.17 Td (1,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 548.17 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 535.17 Td (Commercial real estate \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 535.17 Td (486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 535.17 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 535.17 Td (327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 535.17 Td (1,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 535.17 Td (3,358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 522.17 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 522.17 Td (415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 522.17 Td (493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 522.17 Td (276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 522.17 Td (667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 522.17 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.17 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 509.17 Td (1,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 509.17 Td (825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 509.17 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 509.17 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 509.17 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 496.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 496.17 Td (otal Loan Char) Tj ET Q q 0 0 0 rg BT 118.30 496.17 Td (ge-of) Tj ET Q q 0 0 0 rg BT 139.22 496.17 Td (fs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 496.17 Td (7,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 496.17 Td (4,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 496.17 Td (13,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 496.17 Td (4,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 496.17 Td (7,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 483.17 Td (Loan recoveries \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 470.17 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 470.17 Td (164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 470.17 Td (1,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 470.17 Td (204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 470.17 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 470.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 457.17 Td (Commercial and industrial \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 457.17 Td (685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 457.17 Td (381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 457.17 Td (562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 457.17 Td (736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 457.17 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 444.17 Td (Commercial real estate \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.65 444.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 444.17 Td (130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 444.17 Td (801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 444.17 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 431.17 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.65 431.17 Td (72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 431.17 Td (367) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 431.17 Td (575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 431.17 Td (265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 431.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 418.17 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.65 418.17 Td (138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 418.17 Td (1) Tj ET Q q 0 0 0 rg BT 356.65 418.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 418.17 Td (92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 418.17 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 418.17 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 405.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 405.17 Td (otal Recoveries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 405.17 Td (1,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 405.17 Td (2,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 405.17 Td (1,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 405.17 Td (1,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 405.17 Td (444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 392.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 392.17 Td (otal net char) Tj ET Q q 0 0 0 rg BT 107.74 392.17 Td (ge-of) Tj ET Q q 0 0 0 rg BT 128.66 392.17 Td (fs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 392.17 Td (6,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 392.17 Td (1,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 392.17 Td (1) Tj ET Q q 0 0 0 rg BT 401.15 392.17 Td (1,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 392.17 Td (3,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 392.17 Td (6,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 379.17 Td (Provision for loan losses \(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 379.17 Td (6,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 379.17 Td (3,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 379.17 Td (16,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 379.17 Td (10,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 379.17 Td (5,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 366.17 Td (Ending Balance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.00 366.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.15 366.17 Td (38,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 366.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 366.17 Td (37,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 366.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 366.17 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 366.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 366.17 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 366.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 366.17 Td (23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 353.17 Td (Net char) Tj ET Q q 0 0 0 rg BT 86.96 353.17 Td (ge-of) Tj ET Q q 0 0 0 rg BT 107.88 353.17 Td (fs as a percentage of average) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 343.17 Td (loans receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 343.27 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 343.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 343.27 Td (0.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 343.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 343.27 Td (0.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 343.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 343.27 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 343.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 343.27 Td (0.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 343.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 324.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 312.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 312.70 Td (Char) Tj ET Q q 0 0 0 rg BT 99.71 312.70 Td (ge-of) Tj ET Q q 0 0 0 rg BT 120.63 312.70 Td (fs and recoveries on purchased credit-impaired loans that are accounted for in pools are recognized on a net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 300.70 Td (basis when the pool matures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 288.70 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 288.70 Td (Includes owner occupied commercial real estate loans for 2017, 2016, 2015 and 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 276.70 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 276.70 Td (Includes non-owner occupied commercial real estate loans for 2017, 2016, 2015 and 2014. For 2013, includes owner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 264.70 Td (occupied and non-owner occupied commercial real estate loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 252.70 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 252.70 Td (The provision amounts exclude the \(cost\)/benefit of the FDIC loss sharing arrangements of $0.3 million, $\(3.9\) million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 240.70 Td ($\(4.7\) million and $2.8 million, for the years ended December 31, 2016, 2015, 2014 and 2013, respectively) Tj ET Q q 0 0 0 rg BT 508.87 240.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.70 Td (The allowance for loan losses is based on a quarterly evaluation of the loan portfolio and is maintained at a level that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.70 Td (management considers adequate to absorb probable losses incurred as of the balance sheet date. ) Tj ET Q q 0 0 0 rg BT 437.08 204.70 Td (All commercial loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.70 Td (assigned credit-risk ratings, based upon an assessment of the borrower) Tj ET Q q 0 0 0 rg BT 331.19 192.70 Td (, the structure of the transaction and the available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.70 Td (collateral and/or guarantees. ) Tj ET Q q 0 0 0 rg BT 167.45 180.70 Td (All loans are monitored regularly by the responsible of) Tj ET Q q 0 0 0 rg BT 386.65 180.70 Td (ficer) Tj ET Q q 0 0 0 rg BT 404.57 180.70 Td (, and the risk ratings are adjusted when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.70 Td (considered appropriate. ) Tj ET Q q 0 0 0 rg BT 148.67 168.70 Td (The risk assessment allows management to identify problem loans timely) Tj ET Q q 0 0 0 rg BT 441.57 168.70 Td (. Management considers a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.70 Td (variety of factors and recognizes the inherent risk of loss that always exists in the lending process. Management uses a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.70 Td (disciplined methodology to estimate an appropriate level of allowance for loan losses. Refer to Critical ) Tj ET Q q 0 0 0 rg BT 465.71 144.70 Td (Accounting Policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.70 Td (herein and NOTE 4 SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 201.18 132.70 Td ( ) Tj ET Q q 0 0 0 rg BT 203.13 132.70 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 317.58 132.70 Td (AND BASIS OF PRESENT) Tj ET Q q 0 0 0 rg BT 430.41 132.70 Td (A) Tj ET Q q 0 0 0 rg BT 436.52 132.70 Td (TIONto Customers' audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.70 Td (financial statements for further discussion on management's methodology for estimating the allowance for loan losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.70 Td (Approximately 85%of the Bank) Tj ET Q q 0 0 0 rg BT 183.31 96.70 Td (s commercial real estate, commercial and residential construction, consumer residential and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.70 Td (commercial and industrial loan types have real estate as collateral \(collectively) Tj ET Q q 0 0 0 rg BT 364.21 84.70 Td (, the real estate portfolio\). ) Tj ET Q q 0 0 0 rg BT 481.20 84.70 Td (The Bank) Tj ET Q q 0 0 0 rg BT 523.13 84.70 Td (s lien ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.70 Td (position on the real estate collateral will vary on a loan-by-loan basis and will change as a result of changes in the value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.70 Td (collateral. Current appraisals providing current value estimates of the property are received when the Bank) Tj ET Q q 0 0 0 rg BT 482.06 60.70 Td (s credit group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.70 Td (determines that the facts and circumstances have significantly changed since the date of the last appraisal, including that real ) Tj ET Q endstream endobj 163 0 obj <> endobj 164 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (estate values have deteriorated. ) Tj ET Q q 0 0 0 rg BT 179.76 742.10 Td (The credit committee and loan of) Tj ET Q q 0 0 0 rg BT 312.58 742.10 Td (ficers review loans that are 15 or more days delinquent and all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (non-accrual loans on a periodic basis. In addition, loans where the loan of) Tj ET Q q 0 0 0 rg BT 347.23 730.10 Td (ficers have identified a borrower of interest are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (discussed to determine if additional analysis is necessary to apply the risk-rating criteria properly) Tj ET Q q 0 0 0 rg BT 437.85 718.10 Td (.) Tj ET Q q 0 0 0 rg BT 442.67 718.10 Td (The risk ratings for the real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (estate loan portfolio are determined based upon the current information available, including but not limited to discussions with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (the borrower) Tj ET Q q 0 0 0 rg BT 100.97 694.10 Td (, updated financial information, economic conditions within the geographic area and other factors that may af) Tj ET Q q 0 0 0 rg BT 538.69 694.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (the cash flow of the loan. If a loan is individually evaluated for impairment, the collateral value or discounted cash flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (analysisis generally used to determine the estimated fair value of the underlying collateral, net of estimated selling costs, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (compared to the outstanding loan balance to determine the amount of reserve necessary) Tj ET Q q 0 0 0 rg BT 399.22 658.10 Td (, if any) Tj ET Q q 0 0 0 rg BT 426.62 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 433.56 658.10 Td (Appraisals used in this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (evaluation process are typically less than two years aged.For loans where real estate is not the primary source of collateral, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (updated financial information is obtained, including accounts receivable and inventory aging reports and relevant supplemental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (financial data to estimate the fair value of the loan, net of estimated selling costs, and compared to the outstanding loan balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (to estimate the required reserve.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (These impairment measurements are inherently subjective as they require material estimates, including, among others, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (estimates of property values in appraisals, the amounts and timing of expected future cash flows on individual loans, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (general considerations for historical loss experience, economic conditions, uncertainties in estimating losses and inherent risks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (in the various credit portfolios, all of which require judgment and may be susceptible to significant change over time and as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (result of changing economic conditions or other factors. Pursuant to ) Tj ET Q q 0 0 0 rg BT 326.05 538.10 Td (ASC 310-10-35 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 392.16 538.10 Td (Loan Impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.88 538.10 Td ( and ) Tj ET Q q 0 0 0 rg BT 480.77 538.10 Td (ASC 310-40 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.01 526.10 Td (r) Tj ET Q q 0 0 0 rg BT 58.53 526.10 Td (oubled Debt Restructurings by Cr) Tj ET Q q 0 0 0 rg BT 193.70 526.10 Td (editors,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.98 526.10 Td ( impaired loans, consisting primarily of non-accrual and restructured loans, are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (considered in the methodology for determining the allowance for credit losses. Impaired loans are generally evaluated based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (on the expected future cash flows or the fair value of the underlying collateral \(less estimated costs to sell\) if principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (repayment is expected to come from the sale or operation of such collateral.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (The following table shows the allowance for loan losses by various loan portfolios as of December 31, 2017, 2016, 2015, 2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (and 2013:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 439.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 331.20 81.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.50 331.20 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 331.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 331.20 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 331.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 331.20 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 331.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 331.20 38.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 331.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 331.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 331.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 331.20 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 331.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 331.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 331.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 331.20 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 331.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 331.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 331.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 331.20 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 293.20 81.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.50 293.20 39.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 293.20 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 293.20 39.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 293.20 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 293.20 39.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 293.20 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 293.20 38.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 293.20 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 293.20 41.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 293.20 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 293.20 39.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 293.20 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 293.20 41.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 293.20 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 293.20 39.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 293.20 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 293.20 41.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 293.20 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 293.20 39.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 255.20 81.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.50 255.20 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 255.20 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 255.20 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 255.20 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 255.20 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 255.20 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 255.20 38.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 255.20 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 255.20 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 255.20 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 255.20 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 255.20 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 255.20 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 255.20 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 255.20 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 255.20 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 255.20 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 255.20 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 255.20 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 225.20 81.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.50 225.20 39.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 225.20 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 225.20 39.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 225.20 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 225.20 39.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 225.20 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 225.20 38.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 225.20 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 225.20 41.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 225.20 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 225.20 39.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 225.20 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 225.20 41.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 225.20 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 225.20 39.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 225.20 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 225.20 41.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 225.20 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 225.20 39.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 179.20 81.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.50 179.20 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 179.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 179.20 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 179.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 179.20 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 179.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 179.20 38.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 179.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 179.20 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 179.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 179.20 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 179.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 179.20 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 179.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 179.20 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 179.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 179.20 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 179.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 179.20 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 136.20 81.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 131.50 136.20 39.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 170.50 136.20 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 136.20 39.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 213.50 136.20 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.50 136.20 39.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 256.50 136.20 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 260.50 136.20 38.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 136.20 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 136.20 41.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 136.20 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 136.20 39.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 136.20 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 136.20 41.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 136.20 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 136.20 39.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 474.50 136.20 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 136.20 41.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 136.20 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 136.20 39.00 -28.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 417.20000000000005 m 170.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 417.20000000000005 m 174.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174.5 417.20000000000005 m 213.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 213.5 417.20000000000005 m 217.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 417.20000000000005 m 256.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 417.20000000000005 m 260.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 417.20000000000005 m 298.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 417.20000000000005 m 302.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 417.20000000000005 m 343.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 417.20000000000005 m 347.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 417.20000000000005 m 386.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 417.20000000000005 m 390.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 417.20000000000005 m 431.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 417.20000000000005 m 435.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 417.20000000000005 m 474.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 417.20000000000005 m 478.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 417.20000000000005 m 519.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 417.20000000000005 m 523.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 417.20000000000005 m 562.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 405.20000000000005 m 170.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170.5 405.20000000000005 m 174.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174.5 405.20000000000005 m 213.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 405.20000000000005 m 256.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256.5 405.20000000000005 m 260.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 405.20000000000005 m 298.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 405.20000000000005 m 343.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 405.20000000000005 m 347.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 405.20000000000005 m 386.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 405.20000000000005 m 390.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 417.20000000000005 m 431.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 405.20000000000005 m 431.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 405.20000000000005 m 435.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 405.20000000000005 m 474.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 405.20000000000005 m 478.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 417.20000000000005 m 519.5 417.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 405.20000000000005 m 519.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 405.20000000000005 m 523.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 405.20000000000005 m 562.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 350.20000000000005 m 170.5 350.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174.5 405.20000000000005 m 213.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174.5 350.20000000000005 m 213.5 350.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 350.20000000000005 m 256.5 350.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 350.20000000000005 m 298.5 350.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 350.20000000000005 m 343.5 350.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 350.20000000000005 m 386.5 350.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 405.20000000000005 m 431.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 350.20000000000005 m 431.5 350.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 350.20000000000005 m 474.5 350.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 474.5 405.20000000000005 m 478.5 405.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 350.20000000000005 m 519.5 350.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 350.20000000000005 m 562.5 350.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 255.20000000000005 m 170.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174.5 255.20000000000005 m 213.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 255.20000000000005 m 256.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 255.20000000000005 m 298.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 255.20000000000005 m 343.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 255.20000000000005 m 386.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 255.20000000000005 m 431.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 255.20000000000005 m 474.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 255.20000000000005 m 519.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 255.20000000000005 m 562.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 164.20000000000005 m 170.5 164.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174.5 164.20000000000005 m 213.5 164.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 164.20000000000005 m 256.5 164.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 164.20000000000005 m 298.5 164.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 164.20000000000005 m 343.5 164.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 164.20000000000005 m 386.5 164.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 164.20000000000005 m 431.5 164.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 164.20000000000005 m 474.5 164.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 164.20000000000005 m 519.5 164.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 164.20000000000005 m 562.5 164.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174.5 164.20000000000005 m 213.5 164.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 136.20000000000005 m 170.5 136.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174.5 136.20000000000005 m 213.5 136.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 136.20000000000005 m 256.5 136.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 136.20000000000005 m 298.5 136.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 136.20000000000005 m 343.5 136.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 136.20000000000005 m 386.5 136.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 136.20000000000005 m 431.5 136.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 136.20000000000005 m 474.5 136.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 136.20000000000005 m 519.5 136.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 136.20000000000005 m 562.5 136.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 109.20000000000005 m 170.5 109.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 107.20000000000005 m 170.5 107.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174.5 109.20000000000005 m 213.5 109.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174.5 107.20000000000005 m 213.5 107.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 109.20000000000005 m 256.5 109.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217.5 107.20000000000005 m 256.5 107.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 109.20000000000005 m 298.5 109.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 260.5 107.20000000000005 m 298.5 107.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 109.20000000000005 m 343.5 109.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 107.20000000000005 m 343.5 107.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 109.20000000000005 m 386.5 109.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 107.20000000000005 m 386.5 107.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 109.20000000000005 m 431.5 109.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 107.20000000000005 m 431.5 107.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 109.20000000000005 m 474.5 109.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 107.20000000000005 m 474.5 107.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 109.20000000000005 m 519.5 109.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 107.20000000000005 m 519.5 107.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 109.20000000000005 m 562.5 109.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 107.20000000000005 m 562.5 107.20000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 421.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.05 421.15 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 409.15 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 164.00 409.15 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.50 409.15 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.00 409.15 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.00 409.15 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.00 409.15 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 354.45 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 134.25 369.35 Td (Allowance) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 138.70 361.85 Td (for loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 141.50 354.35 Td (losses) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 178.15 391.85 Td (Percent of) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 181.70 384.35 Td (loans in) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 186.60 376.85 Td (each) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 180.55 369.35 Td (category) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 182.95 361.85 Td (to total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 185.55 354.35 Td (loans) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 220.25 369.35 Td (Allowance) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 224.70 361.85 Td (for loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 227.50 354.35 Td (losses) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 263.65 391.85 Td (Percent of) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 267.20 384.35 Td (loans in) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 272.10 376.85 Td (each) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 266.05 369.35 Td (category) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 268.45 361.85 Td (to total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 271.05 354.35 Td (loans) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 306.25 369.35 Td (Allowance) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 310.70 361.85 Td (for loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 313.50 354.35 Td (losses) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 351.15 391.85 Td (Percent of) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 354.70 384.35 Td (loans in) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 359.60 376.85 Td (each) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 353.55 369.35 Td (category) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 355.95 361.85 Td (to total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 358.55 354.35 Td (loans) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 394.25 369.35 Td (Allowance) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 398.70 361.85 Td (for loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 401.50 354.35 Td (losses) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 439.15 391.85 Td (Percent of) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 442.70 384.35 Td (loans in) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 447.60 376.85 Td (each) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 441.55 369.35 Td (category) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 443.95 361.85 Td (to total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 446.55 354.35 Td (loans) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 482.25 369.35 Td (Allowance) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 486.70 361.85 Td (for loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 489.50 354.35 Td (losses) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 527.15 391.85 Td (Percent of) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 530.70 384.35 Td (loans in) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 535.60 376.85 Td (each) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 529.55 369.35 Td (category) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 531.95 361.85 Td (to total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 534.55 354.35 Td (loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 342.15 Td (\(amounts in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 334.15 Td (thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 321.77 Td (Multi-family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.00 321.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.10 321.77 Td (12,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.10 321.77 Td (51.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.65 321.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.00 321.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.10 321.77 Td (1) Tj ET Q q 0 0 0 rg BT 230.10 321.77 Td (1,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.10 321.77 Td (52.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 321.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 321.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.10 321.77 Td (12,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.10 321.77 Td (53.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 321.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 321.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.10 321.77 Td (8,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.10 321.77 Td (51.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 321.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 321.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.10 321.77 Td (4,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.10 321.77 Td (43.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 321.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 307.77 Td (Commercial and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 297.77 Td (industrial \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.10 297.87 Td (14,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.10 297.87 Td (24.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.65 297.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.10 297.87 Td (13,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.10 297.87 Td (22.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 297.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.10 297.87 Td (10,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.10 297.87 Td (20.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 297.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.10 297.87 Td (9,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.10 297.87 Td (18.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 297.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.10 297.87 Td (2,674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.10 297.87 Td (12.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 297.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 283.77 Td (Commercial real) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 273.77 Td (estate \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.10 273.87 Td (7,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.10 273.87 Td (18.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.65 273.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.10 273.87 Td (7,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.10 273.87 Td (19.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 273.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.10 273.87 Td (8,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.10 273.87 Td (17.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 273.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.10 273.87 Td (9,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.10 273.87 Td (19.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 273.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.10 273.87 Td (1) Tj ET Q q 0 0 0 rg BT 493.10 273.87 Td (1,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.10 273.87 Td (30.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 273.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 259.77 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.65 259.77 Td (979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.15 259.77 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.65 259.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.65 259.77 Td (840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.10 259.77 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 259.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.10 259.77 Td (1,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 259.77 Td (1.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 259.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.10 259.77 Td (1,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 259.77 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 259.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.10 259.77 Td (2,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 259.77 Td (1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 259.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 245.77 Td (T) Tj ET Q q 0 0 0 rg BT 58.76 245.77 Td (otal Commercial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 235.82 Td (Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.10 238.87 Td (34,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.10 238.87 Td (95.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.65 238.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.10 238.87 Td (33,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.10 238.87 Td (95.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 238.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.10 238.87 Td (31,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.10 238.87 Td (92.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 238.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.10 238.87 Td (27,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.10 238.87 Td (90.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 238.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.10 238.87 Td (20,764) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.10 238.87 Td (87.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 238.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 215.77 Td (Residential real) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 205.77 Td (estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.10 206.87 Td (2,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.15 206.87 Td (3.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.65 206.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.10 206.87 Td (3,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.10 206.87 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 206.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.10 206.87 Td (3,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 206.87 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 206.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.10 206.87 Td (2,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 206.87 Td (6.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 206.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.10 206.87 Td (2,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 206.87 Td (6.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 206.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 192.77 Td (Manufactured) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 182.77 Td (housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.65 183.87 Td (180) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.15 183.87 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.65 183.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.65 183.87 Td (286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.10 183.87 Td (1.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 183.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 183.87 Td (494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 183.87 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 183.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 183.87 Td (262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 183.87 Td (2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 183.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 183.87 Td (614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 183.87 Td (5.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 183.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 169.77 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.65 168.87 Td (172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.15 168.87 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.65 168.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.65 168.87 Td (1) Tj ET Q q 0 0 0 rg BT 242.65 168.87 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.10 168.87 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 168.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 168.87 Td (133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 168.87 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 168.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.65 168.87 Td (1) Tj ET Q q 0 0 0 rg BT 417.65 168.87 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 168.87 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 168.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 168.87 Td (130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 168.87 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 168.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 154.77 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 154.77 Td (otal Consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 144.77 Td (Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.10 144.87 Td (3,281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.15 144.87 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.65 144.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.10 144.87 Td (3,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.10 144.87 Td (4.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 144.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.10 144.87 Td (3,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 144.87 Td (7.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 144.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.10 144.87 Td (3,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 144.87 Td (9.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 144.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.10 144.87 Td (3,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.10 144.87 Td (12.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 144.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 126.77 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 126.77 Td (otal Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 116.77 Td (Receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.00 112.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.10 112.87 Td (38,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.10 112.87 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.65 112.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.00 112.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.10 112.87 Td (37,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 112.87 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.65 112.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 112.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.10 112.87 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.10 112.87 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.65 112.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 112.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.10 112.87 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.10 112.87 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.65 112.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.00 112.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.10 112.87 Td (23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.10 112.87 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 112.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 94.30 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.30 Td (\(a\) Includes owner occupied commercial real estate loans for 2017, 2016, 2015 and 2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.30 Td (\(b\) Includes non-owner occupied commercial real estate loans for 2017, 2016, 2015 and 2014. For 2013, includes owner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.30 Td (occupied and non-owner occupied commercial real estate loans.) Tj ET Q endstream endobj 165 0 obj <> endobj 166 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.80 742.25 Td (ASSET) Tj ET Q q 0 0 0 rg BT 297.30 742.25 Td ( QUALITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.25 Td (Customers divides its loan portfolio into two categories to analyze and understand loan activity and performance: loans that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (were originated and loans that were acquired. Customers further segments the originated and acquired loan categories by loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (product or other defining characteristic generally shared with other loans in the same group. Customers' originated loans were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (subject to the current underwriting standards that were put in place in mid-2009. Management believes this segmentation better ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (reflects the risk in the portfolio and the various types of reserves that are available to absorb loan losses that may emer) Tj ET Q q 0 0 0 rg BT 523.28 673.25 Td (ge in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (future periods. Credit losses from originated loans are absorbed by the allowance for loan losses. Credit losses from acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (loans are absorbed by the allowance for loan losses, nonaccretable dif) Tj ET Q q 0 0 0 rg BT 328.88 649.25 Td (ference fair value marks and cash reserves. ) Tj ET Q q 0 0 0 rg BT 505.18 649.25 Td (As described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (below) Tj ET Q q 0 0 0 rg BT 73.79 637.25 Td (, the allowance for loan losses is to absorb only those losses estimated to have been incurred after acquisition; whereas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (the fair value mark and cash reserves absorb losses estimated to have been embedded in the acquired loans at acquisition. ) Tj ET Q q 0 0 0 rg BT 540.21 625.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (schedule that follows includes both loans held for sale and loans held for investment.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 233.2 590.9169921875 m 378.717578125 590.9169921875 l s q 0 0 0 rg BT 233.20 592.25 Td (Asset Quality at December31, 2017) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 523.75 138.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 523.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 523.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 523.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 523.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 523.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 523.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 523.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 523.75 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 523.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 523.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 497.75 138.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 497.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 497.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 497.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 497.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 497.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 497.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 497.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 497.75 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 497.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 497.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 466.75 138.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 466.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 466.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 466.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 466.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 466.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 466.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 466.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 466.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 466.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 466.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 466.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 466.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 466.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 466.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 466.75 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 466.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 466.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 440.75 138.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 440.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 440.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 440.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 440.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 440.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 440.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 440.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 440.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 440.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 440.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 440.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 440.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 440.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 440.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 440.75 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 440.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 440.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 414.75 138.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 414.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 414.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 414.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 388.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 388.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 388.75 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 388.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 388.75 36.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 362.75 138.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 362.75 42.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 362.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 362.75 43.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 362.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 362.75 32.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 362.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 362.75 40.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 362.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 362.75 44.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 362.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 362.75 32.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 362.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 362.75 33.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 362.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 362.75 34.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 362.75 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 362.75 36.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 331.75 138.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 331.75 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 331.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 331.75 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 331.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 331.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 331.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 331.75 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 331.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 331.75 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 331.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 331.75 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.50 331.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 331.75 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 331.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 331.75 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.50 331.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.50 331.75 36.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 536.75 m 230.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 536.75 m 234.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 536.75 m 277.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 536.75 m 281.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 536.75 m 313.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 536.75 m 317.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 536.75 m 357.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 536.75 m 361.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 536.75 m 405.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 536.75 m 409.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 536.75 m 441.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441.5 536.75 m 445.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 536.75 m 478.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 478.5 536.75 m 482.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 536.75 m 516.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516.5 536.75 m 520.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520.5 536.75 m 556.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 427.75 m 230.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 427.75 m 277.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 427.75 m 313.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 427.75 m 357.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 427.75 m 405.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 427.75 m 441.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 427.75 m 478.5 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 375.75 m 230.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 375.75 m 277.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 375.75 m 313.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 375.75 m 357.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 375.75 m 405.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 375.75 m 441.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 375.75 m 478.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 344.75 m 230.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 344.75 m 277.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 344.75 m 313.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 344.75 m 357.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 344.75 m 405.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 344.75 m 441.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 344.75 m 478.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 344.75 m 277.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 344.75 m 313.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 344.75 m 357.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 344.75 m 405.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 344.75 m 441.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 344.75 m 478.5 344.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 318.75 m 230.5 318.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 318.75 m 277.5 318.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 318.75 m 313.5 318.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 318.75 m 357.5 318.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 318.75 m 405.5 318.75 l s 0 0 0 RG /GS0 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357.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 304.75 m 357.5 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 318.75 m 405.5 318.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 306.75 m 405.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 304.75 m 405.5 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 318.75 m 441.5 318.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 306.75 m 441.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 304.75 m 441.5 304.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 318.75 m 478.5 318.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 306.75 m 478.5 306.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 304.75 m 478.5 304.75 l s BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 539.730078125 m 89.3828125 539.730078125 l s q 0 0 0 rg BT 53.00 540.98 Td (Loan ) Tj ET Q q 0 0 0 rg BT 72.64 540.98 Td (T) Tj ET Q q 0 0 0 rg BT 77.38 540.98 Td (ype) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.80 549.00 Td (T) Tj ET Q q 0 0 0 rg BT 205.41 549.00 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.20 541.00 Td (Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.25 541.00 Td (Current) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.65 549.00 Td (30-90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.75 541.00 Td (Days) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.00 573.00 Td (Greater) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.10 565.00 Td (than 90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.75 557.00 Td (Days) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.20 549.00 Td (and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.10 541.00 Td (Accruing) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.75 557.00 Td (Non-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.30 549.00 Td (accrual/) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.15 541.00 Td (NPL) Tj ET Q q 0 0 0 rg BT 384.97 541.00 Td ( \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.10 549.00 Td (OREO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 541.00 Td (\(b\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.05 549.00 Td (NP) Tj ET Q q 0 0 0 rg BT 463.54 549.00 Td (A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.10 541.00 Td (\(a\)+\(b\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.55 573.00 Td (NPL) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.85 565.00 Td (to) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.75 557.00 Td (Loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.05 549.00 Td (T) Tj ET Q q 0 0 0 rg BT 495.38 549.00 Td (ype) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.00 541.00 Td (\(%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.55 573.00 Td (NP) Tj ET Q q 0 0 0 rg BT 540.04 573.00 Td (A) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.85 565.00 Td (to) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.95 557.00 Td (Loans +) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.10 549.00 Td (OREO) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.00 541.00 Td (\(%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 528.00 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.00 528.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 514.98 Td (Originated Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 502.00 Td (Multi-Family) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 502.00 Td (3,499,760) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 502.00 Td (3,494,860) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 502.00 Td (4,900) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 502.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 502.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 502.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.00 502.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 502.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 502.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 502.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 502.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 502.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 489.00 Td (Commercial & Industrial \(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 489.00 Td (1,546,109) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 489.00 Td (1,527,528) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.30 489.00 Td (103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 489.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.25 489.00 Td (18,478) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 489.00 Td (667) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 489.00 Td (19,145) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 489.00 Td (1.20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 489.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 489.00 Td (1.24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 489.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 476.70 Td (Commercial Real Estate Non-Owner) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 468.75 Td (Occupied) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 471.00 Td (1,199,053) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 471.00 Td (1,199,053) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 471.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 471.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 471.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 471.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 471.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 471.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 471.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 471.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 471.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 458.00 Td (Residential) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.25 458.00 Td (107,742) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.25 458.00 Td (103,564) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 458.00 Td (2,672) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 458.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.25 458.00 Td (1,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 458.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 458.00 Td (1,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 458.00 Td (1.40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 458.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 458.00 Td (1.40) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 458.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 445.00 Td (Construction) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.25 445.00 Td (85,393) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.25 445.00 Td (85,393) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 445.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 445.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 445.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 445.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 445.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 445.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 445.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 445.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 445.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 432.00 Td (Other Consumer) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 209.25 432.00 Td (1,292) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.25 432.00 Td (1,257) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 432.00 Td (35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 432.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 432.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 432.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 432.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 432.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 432.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 432.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 432.00 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.00 418.98 Td (T) Tj ET Q q 0 0 0 rg BT 69.52 418.98 Td (otal Originated Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 419.00 Td (6,439,349) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 419.00 Td (6,41) Tj ET Q q 0 0 0 rg BT 256.25 419.00 Td (1,655) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 419.00 Td (7,710) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 419.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.25 419.00 Td (19,984) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 419.00 Td (667) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 419.00 Td (20,651) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 419.00 Td (0.31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 419.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 419.00 Td (0.32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 419.00 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 405.98 Td (Loans ) Tj ET Q q 0 0 0 rg BT 75.30 405.98 Td (Acquired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 393.00 Td (Bank ) Tj ET Q q 0 0 0 rg BT 77.67 393.00 Td (Acquisitions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.25 393.00 Td (149,400) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.25 393.00 Td (140,465) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 393.00 Td (3,517) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.25 393.00 Td (946) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.25 393.00 Td (4,472) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 393.00 Td (782) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 393.00 Td (5,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 393.00 Td (2.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 393.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 393.00 Td (3.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 393.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 380.00 Td (Loan Purchases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.25 380.00 Td (179,426) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.25 380.00 Td (167,300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 380.00 Td (6,245) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 380.00 Td (3,922) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.25 380.00 Td (1,959) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 380.00 Td (277) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 380.00 Td (2,236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 380.00 Td (1.09) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 380.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 380.00 Td (1.24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 380.00 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.00 366.98 Td (T) Tj ET Q q 0 0 0 rg BT 69.15 366.98 Td (otal Loans ) Tj ET Q q 0 0 0 rg BT 105.75 366.98 Td (Acquired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.25 367.00 Td (328,826) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.25 367.00 Td (307,765) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 367.00 Td (9,762) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 367.00 Td (4,868) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.25 367.00 Td (6,431) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 367.00 Td (1,059) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 367.00 Td (7,490) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 367.00 Td (1.96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 367.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 367.00 Td (2.27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 367.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 354.70 Td (Deferred costs and unamortized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 346.75 Td (premiums, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 219.30 349.00 Td (83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 266.30 349.00 Td (83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 349.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 349.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 349.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 349.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 349.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 335.98 Td (T) Tj ET Q q 0 0 0 rg BT 57.52 335.98 Td (otal Loans Receivable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 336.00 Td (6,768,258) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 336.00 Td (6,719,503) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 336.00 Td (17,472) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 336.00 Td (4,868) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.25 336.00 Td (26,415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 336.00 Td (1,726) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 336.00 Td (28,141) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 336.00 Td (0.39) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 336.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 336.00 Td (0.42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 336.00 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 322.98 Td (T) Tj ET Q q 0 0 0 rg BT 57.15 322.98 Td (otal Loans Held for Sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 323.00 Td (1,939,485) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 323.00 Td (1,939,485) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 323.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 323.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 323.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 323.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 323.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.00 309.98 Td (T) Tj ET Q q 0 0 0 rg BT 81.15 309.98 Td (otal Portfolio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.00 310.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 310.00 Td (8,707,743) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.00 310.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 310.00 Td (8,658,988) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 310.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 310.00 Td (17,472) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.00 310.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 310.00 Td (4,868) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.00 310.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.25 310.00 Td (26,415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.00 310.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 310.00 Td (1,726) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.00 310.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 310.00 Td (28,141) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 310.00 Td (0.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 310.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 310.00 Td (0.32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 310.00 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 167 0 obj <> endobj 168 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (82) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 208.9 740.7669921875 m 403.011328125 740.7669921875 l s q 0 0 0 rg BT 208.90 742.10 Td (Asset Quality at December31, 2017 \(continued\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 689.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.50 689.60 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 689.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 689.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 689.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 689.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 689.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 689.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 689.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 689.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 689.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 689.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 689.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 689.60 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 663.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.50 663.60 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 663.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 663.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 663.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 663.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 663.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 663.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 663.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 663.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 663.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 663.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 663.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 663.60 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 637.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.50 637.60 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 637.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 637.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 637.60 4.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 611.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 611.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 611.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 611.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 611.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 611.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 611.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 611.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 611.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 611.60 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 585.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.50 585.60 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 585.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 585.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 585.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 585.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 585.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 585.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 585.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 585.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 585.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 585.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 585.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 585.60 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 559.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.50 559.60 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 559.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 559.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 559.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 559.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 559.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 559.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 559.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 559.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 559.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 559.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 559.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 559.60 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 533.60 146.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.50 533.60 61.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 533.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 533.60 45.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 533.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 533.60 45.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 533.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 533.60 45.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 533.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 533.60 45.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 533.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 533.60 50.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 533.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 533.60 51.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 502.60 146.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 196.50 502.60 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 257.50 502.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.50 502.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 502.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 502.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 502.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 502.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 502.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 408.50 502.60 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 453.50 502.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 457.50 502.60 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 502.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.50 502.60 51.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 700.6 m 257.5 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 700.6 m 306.5 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 700.6 m 355.5 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 700.6 m 404.5 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 700.6 m 453.5 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 700.6 m 507.5 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 700.6 m 562.5 700.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 598.6 m 257.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 598.6 m 306.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 598.6 m 310.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 598.6 m 355.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 598.6 m 359.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 598.6 m 404.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 598.6 m 453.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 546.6 m 257.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 546.6 m 306.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 546.6 m 355.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 546.6 m 404.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 546.6 m 453.5 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 515.6 m 257.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 515.6 m 306.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 515.6 m 355.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 515.6 m 404.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 515.6 m 306.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 515.6 m 355.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 515.6 m 404.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 515.6 m 453.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 489.6 m 257.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 489.6 m 306.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 489.6 m 355.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 489.6 m 404.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 489.6 m 453.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 489.6 m 257.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 477.6 m 257.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 475.6 m 257.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 489.6 m 306.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 477.6 m 306.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 475.6 m 306.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 489.6 m 355.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 477.6 m 355.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 475.6 m 355.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 489.6 m 404.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 477.6 m 404.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 475.6 m 404.5 475.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 489.6 m 453.5 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 477.6 m 453.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408.5 475.6 m 453.5 475.6 l s BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 53 703.78671875 m 87.171875 703.78671875 l s q 0 0 0 rg BT 53.00 704.85 Td (Loan ) Tj ET Q q 0 0 0 rg BT 71.29 704.85 Td (T) Tj ET Q q 0 0 0 rg BT 75.62 704.85 Td (ype) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 207.55 704.85 Td (T) Tj ET Q q 0 0 0 rg BT 212.16 704.85 Td (otalLoans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 276.05 704.85 Td (NPL) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.40 704.85 Td (ALLL) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.50 712.85 Td (Cash) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.60 704.85 Td (Reserve) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 422.30 720.85 Td (T) Tj ET Q q 0 0 0 rg BT 426.63 720.85 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.50 712.85 Td (Credit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.05 704.85 Td (Reserves) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.55 720.85 Td (Reserves) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.10 712.85 Td (to Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.00 704.85 Td (\(%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.05 720.85 Td (Reserves) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.25 712.85 Td (to NPLs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.50 704.85 Td (\(%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 692.55 Td (\(amounts in thousands\)) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 680.83 Td (Originated Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 667.85 Td (Multi-Family) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.00 667.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 667.85 Td (3,499,760) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.00 667.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 667.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 667.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.25 667.85 Td (12,169) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 667.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 667.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 667.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 667.85 Td (12,169) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.25 667.85 Td (0.35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 667.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.30 667.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 667.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 654.85 Td (Commercial & Industrial \(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 654.85 Td (1,546,109) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.25 654.85 Td (18,478) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.25 654.85 Td (13,369) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 654.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 654.85 Td (13,369) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.25 654.85 Td (0.86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 654.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.25 654.85 Td (72.35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 654.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 641.85 Td (Commercial Real Estate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 641.85 Td (1,199,053) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 641.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.25 641.85 Td (4,564) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 641.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.25 641.85 Td (4,564) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.25 641.85 Td (0.38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 641.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.30 641.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 641.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 628.85 Td (Residential) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 628.85 Td (107,742) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.25 628.85 Td (1,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.25 628.85 Td (2,1) Tj ET Q q 0 0 0 rg BT 344.25 628.85 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 628.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.25 628.85 Td (2,1) Tj ET Q q 0 0 0 rg BT 442.25 628.85 Td (19) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.25 628.85 Td (1.97) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 628.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 628.85 Td (140.70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 628.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 615.85 Td (Construction) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.30 615.85 Td (85,393) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 615.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.30 615.85 Td (979) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 615.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.30 615.85 Td (979) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.25 615.85 Td (1.15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 615.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.30 615.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 615.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 602.85 Td (Other Consumer) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.30 602.85 Td (1,292) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 602.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 602.85 Td (77) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 602.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 602.85 Td (77) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.25 602.85 Td (5.96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 602.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 547.30 602.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 602.85 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.00 589.83 Td (T) Tj ET Q q 0 0 0 rg BT 69.52 589.83 Td (otal Originated Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 589.85 Td (6,439,349) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.25 589.85 Td (19,984) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.25 589.85 Td (33,277) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 589.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 589.85 Td (33,277) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.25 589.85 Td (0.52) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 589.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 589.85 Td (166.52) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 589.85 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 576.83 Td (Loans ) Tj ET Q q 0 0 0 rg BT 75.30 576.83 Td (Acquired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 563.85 Td (Bank ) Tj ET Q q 0 0 0 rg BT 77.67 563.85 Td (Acquisitions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 563.85 Td (149,400) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.25 563.85 Td (4,472) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.25 563.85 Td (4,558) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 563.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.25 563.85 Td (4,558) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.25 563.85 Td (3.05) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 563.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 563.85 Td (101.92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 563.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 550.85 Td (Loan Purchases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 550.85 Td (179,426) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.25 550.85 Td (1,959) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.30 550.85 Td (180) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 550.85 Td (645) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.30 550.85 Td (825) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.25 550.85 Td (0.46) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 550.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.25 550.85 Td (42.1) Tj ET Q q 0 0 0 rg BT 551.25 550.85 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 550.85 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.00 537.83 Td (T) Tj ET Q q 0 0 0 rg BT 69.15 537.83 Td (otal Loans ) Tj ET Q q 0 0 0 rg BT 105.75 537.83 Td (Acquired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 537.85 Td (328,826) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.25 537.85 Td (6,431) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.25 537.85 Td (4,738) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 537.85 Td (645) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.25 537.85 Td (5,383) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.25 537.85 Td (1.64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 537.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.25 537.85 Td (83.70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 537.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 525.55 Td (Deferred costs and unamortized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 517.60 Td (premiums, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 519.85 Td (83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 519.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 519.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 519.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 519.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 506.83 Td (T) Tj ET Q q 0 0 0 rg BT 57.52 506.83 Td (otal Loans Held for Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 506.85 Td (6,768,258) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.25 506.85 Td (26,415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.25 506.85 Td (38,015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 506.85 Td (645) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 506.85 Td (38,660) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.25 506.85 Td (0.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 506.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 506.85 Td (146.36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 506.85 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 493.83 Td (T) Tj ET Q q 0 0 0 rg BT 57.15 493.83 Td (otal Loans Held for Sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 493.85 Td (1,939,485) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.30 493.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.30 493.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 493.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.30 493.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.00 480.83 Td (T) Tj ET Q q 0 0 0 rg BT 81.15 480.83 Td (otal Portfolio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.00 480.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 480.85 Td (8,707,743) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.00 480.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.25 480.85 Td (26,415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 480.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.25 480.85 Td (38,015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.00 480.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.30 480.85 Td (645) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.00 480.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.25 480.85 Td (38,660) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.25 480.85 Td (0.44) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 480.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 480.85 Td (146.36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 480.85 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 465.10 Td (\(1\) Commercial & industrial loans, including owner occupied commercial real estate. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 435.10 Td (Originated Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.10 Td (Post 2009 originated loans \(excluding held-for) Tj ET Q q 0 0 0 rg BT 236.15 417.10 Td (-sale loans\) totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.18 417.10 Td ($6.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.29 417.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.12 417.10 Td (95.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.95 417.10 Td (, of total loans held for investment at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 405.10 Td (, compared to $5.8 billion, or 94.8%, at December31, 2016. ) Tj ET Q q 0 0 0 rg BT 374.18 405.10 Td (The management team adopted new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.10 Td (underwriting standards that management believes better limit risks of loss in 2009 and has worked to continue to monitor these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.10 Td (standards. Only $20.0 million, or 0.31%, of the post 2009 loans were non-performing at December 31, 2017, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.10 Td ($10.5 million, or 0.18%, of the post 2009 loans that were non-performing at December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 442.24 369.10 Td (The post 2009 originated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.10 Td (loans were supported by an allowance for loan losses of $33.3 million \(0.52% of post 2009 originated loans\) and $31.8 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.10 Td (\(0.55% of post 2009 originated loans\) at December 31, 2017 and 2016, respectively) Tj ET Q q 0 0 0 rg BT 384.54 345.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 327.10 Td (Loans ) Tj ET Q q 0 0 0 rg BT 76.77 327.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 103.62 327.10 Td (ed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (At December 31, 2017, Customers reported $0.3 billion of acquired loans, which was 4.9% of total loans held for investment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.10 Td (compared to $0.3 billion, or 5.2% of total loans held for investment, at December31, 2016. Non-performing acquired loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (totaled $6.4 million at December 31, 2017, and $7.3 million at December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 388.35 285.10 Td (When loans are acquired, they are recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.10 Td (on the balance sheet at fair value. ) Tj ET Q q 0 0 0 rg BT 187.99 273.10 Td (Acquired loans include purchased portfolios, FDIC failed-bank acquisitions and unassisted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.10 Td (acquisitions. Of the manufactured housing loans purchased from ) Tj ET Q q 0 0 0 rg BT 313.09 261.10 Td (T) Tj ET Q q 0 0 0 rg BT 318.50 261.10 Td (ammac prior to 2012, $51.9 million were supported by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.10 Td ($0.6 million cash reserve at December 31, 2017, compared to $57.6 million supported by a cash reserve of $1.0 million at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.10 Td (December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 135.90 237.10 Td (The cash reserve was created as part of the purchase transaction to absorb losses and is maintained in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td (demand deposit account at Customers. ) Tj ET Q q 0 0 0 rg BT 208.58 225.10 Td (All current losses and delinquent interest are absorbed by this reserve. For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.10 Td (manufactured housing loans purchased in 2012, ) Tj ET Q q 0 0 0 rg BT 243.38 213.10 Td (T) Tj ET Q q 0 0 0 rg BT 248.79 213.10 Td (ammac has an obligation to pay Customers the full payof) Tj ET Q q 0 0 0 rg BT 477.17 213.10 Td (f amount of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (defaulted loan, including any principal, unpaid interest or advances on the loans, once the borrower vacates the property) Tj ET Q q 0 0 0 rg BT 529.74 201.10 Td (. ) Tj ET Q q 0 0 0 rg BT 536.68 201.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (December 31, 2017, $31.4million of these loans were outstanding, compared to $36.6 million at December 31, 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (Many of the acquired loans were purchased at a discount. ) Tj ET Q q 0 0 0 rg BT 284.74 167.10 Td (The price paid considered management) Tj ET Q q 0 0 0 rg BT 444.67 167.10 Td (s judgment as to the credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (and interest rate risk inherent in the portfolio at the time of purchase. Every quarter) Tj ET Q q 0 0 0 rg BT 384.48 155.10 Td (, management reassesses the risk and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (adjusts the cash flow forecast to incorporate changes in the credit outlook. Generally) Tj ET Q q 0 0 0 rg BT 390.35 143.10 Td (, a decrease in forecasted cash flows for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (purchased loan will result in a provision for loan losses, and absent char) Tj ET Q q 0 0 0 rg BT 337.80 131.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 358.72 131.10 Td (fs, an increase in the allowance for loan losses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (Acquired loans have a significantly higher percentage of non-performing loans than loans originated after September 2009. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td (Management acquired these loans with the expectation that non-performing loan levels would be elevated, and therefore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.10 Td (incorporated that expectation into the price paid. ) Tj ET Q q 0 0 0 rg BT 248.91 95.10 Td (There is a Special ) Tj ET Q q 0 0 0 rg BT 322.22 95.10 Td (Assets Group that focuses on workouts for these acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.10 Td (non-performing assets. ) Tj ET Q q 0 0 0 rg BT 146.46 83.10 Td (T) Tj ET Q q 0 0 0 rg BT 151.88 83.10 Td (otal acquired loans were supported by reserves \(allowance for loan losses and cash reserves\) of $5.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.10 Td (million \(1.64% of total acquired loans\) and $6.5 million \(2.03% of total acquired loans\) at December 31, 2017 and 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 59.10 Td (. ) Tj ET Q endstream endobj 169 0 obj <> endobj 170 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (83) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Held-for) Tj ET Q q 0 0 0 rg BT 84.24 742.10 Td (-Sale Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.10 Td (At December 31, 2017, loans held for sale were $1.9 billion, or 22.3% of the total loan portfolio, compared to $2.1 billion, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (25.6% of the total loan portfolio at December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 276.98 712.10 Td (The loans held-for) Tj ET Q q 0 0 0 rg BT 350.64 712.10 Td (-sale portfolio at December 31, 2017, included $1.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (billion of loans to mortgage banking businesses, $144.2 million of multi-family loans and $1.9 million of residential mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (loans, compared to $2.1 billion of loans to mortgage banking businesses and $0.7 million of residential mortgages loans at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (December 31, 2016. Held-for) Tj ET Q q 0 0 0 rg BT 170.31 676.10 Td (-sale loans are carried on Customers' balance sheet at either fair value \(due to the election of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (fair value option\) or at the lower of cost of fair value. ) Tj ET Q q 0 0 0 rg BT 267.70 664.10 Td (An allowance for loan losses is not recorded on loans that are classified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (held for sale. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Customers manages its credit risk through the diversification of the loan portfolio and the application of policies and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (procedures designed to foster sound credit standards and monitoring practices. ) Tj ET Q q 0 0 0 rg BT 368.62 622.10 Td (While various degrees of credit risk are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (associated with substantially all investing activities, the lending function carries the greatest degree of potential loss. ) Tj ET Q q 0 0 0 rg BT 520.15 610.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (December 31, 2017 and 2016, non-performing loans to total loans was 0.30% and 0.22%, respectively) Tj ET Q q 0 0 0 rg BT 458.42 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 465.74 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 471.15 598.10 Td (otal reserves to non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (performing loans was 146.4% and 215.3% at December 31, 2017 and 2016, respectively) Tj ET Q q 0 0 0 rg BT 403.14 586.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (The tables below set forth non-accrual loans, non-performing assets and asset quality ratios:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 522.60 171.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 522.60 65.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 522.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 522.60 65.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 522.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 522.60 65.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 522.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 522.60 65.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 522.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 522.60 65.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 483.60 171.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 483.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 483.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 483.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 483.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 483.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 483.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 483.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 483.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 483.60 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 545.6 m 286.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 545.6 m 290.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 545.6 m 355.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 545.6 m 359.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 545.6 m 424.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 545.6 m 428.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 545.6 m 493.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 545.6 m 497.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 545.6 m 562.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 533.6 m 286.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 533.6 m 355.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 533.6 m 424.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 533.6 m 493.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 533.6 m 562.5 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 501.6 m 286.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 499.6 m 286.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 501.6 m 355.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 499.6 m 355.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 501.6 m 424.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 499.6 m 424.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 501.6 m 493.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 499.6 m 493.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 501.6 m 562.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 499.6 m 562.5 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 470.6 m 286.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 470.6 m 355.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 470.6 m 424.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 470.6 m 493.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 470.6 m 562.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 470.6 m 286.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 458.6 m 286.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 456.6 m 286.5 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 470.6 m 355.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 458.6 m 355.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 456.6 m 355.5 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 470.6 m 424.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 458.6 m 424.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 456.6 m 424.5 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 470.6 m 493.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 458.6 m 493.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 456.6 m 493.5 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 470.6 m 562.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 458.6 m 562.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 456.6 m 562.5 456.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.05 549.55 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 537.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.50 537.55 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.50 537.55 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 537.55 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 537.55 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 537.55 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 525.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 513.17 Td (Loans 90+ days delinquent still) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 503.22 Td (accruing \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 505.27 Td (2,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 505.27 Td (2,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 505.27 Td (2,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 505.27 Td (4,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 505.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 505.27 Td (3,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 487.17 Td (Non-accrual loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 487.17 Td (26,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 487.17 Td (17,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 487.17 Td (10,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 487.17 Td (1) Tj ET Q q 0 0 0 rg BT 467.15 487.17 Td (1,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 487.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 487.17 Td (19,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 474.17 Td (OREO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 474.17 Td (1,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 474.17 Td (3,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 474.17 Td (5,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 474.17 Td (15,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 474.17 Td (12,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 461.17 Td (T) Tj ET Q q 0 0 0 rg BT 76.41 461.17 Td (otal non-performing assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 461.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 461.17 Td (28,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 461.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 461.17 Td (20,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 461.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 461.17 Td (15,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 461.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 461.17 Td (27,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 461.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 461.17 Td (31,428) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 446.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 446.10 Td (Excludes purchased credit-impaired loans. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 397.60 221.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 397.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 397.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 397.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 397.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 397.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 397.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 397.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 397.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 397.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 371.60 221.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 371.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 371.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 371.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 371.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 371.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 371.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 371.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 371.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 371.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 336.60 221.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 336.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 336.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 336.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 336.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 336.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 336.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 336.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 336.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 336.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 310.60 221.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 310.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 310.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 310.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 310.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 310.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 310.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 310.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 310.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 310.60 55.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 410.6 m 326.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 410.6 m 330.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 410.6 m 385.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 410.6 m 389.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 410.6 m 444.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 410.6 m 448.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 410.6 m 503.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 410.6 m 507.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 410.6 m 562.5 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 397.6 m 326.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 397.6 m 385.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 397.6 m 444.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 397.6 m 503.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 397.6 m 562.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 397.6 m 385.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 397.6 m 444.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 397.6 m 503.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 397.6 m 562.5 397.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 414.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.05 414.85 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.50 401.85 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.50 401.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.50 401.85 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.50 401.85 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.50 401.85 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 388.17 Td (Non-accrual loans to total loans receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 388.17 Td (0.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 388.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 388.17 Td (0.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 388.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 388.17 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 388.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 388.17 Td (0.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 388.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 388.17 Td (0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 388.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 375.17 Td (Non-accrual loans to total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 375.17 Td (0.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 375.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 375.17 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 375.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 375.17 Td (0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 375.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 375.17 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 375.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 375.17 Td (0.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 375.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 362.17 Td (Non-performing assets to total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 362.17 Td (0.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 362.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 362.17 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 362.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 362.17 Td (0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 362.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 362.17 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 362.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 362.17 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 362.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 349.17 Td (Non-accrual loans and loans 90+ days delinquent to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 339.22 Td (total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 341.27 Td (0.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 341.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 341.27 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 341.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 341.27 Td (0.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 341.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 341.27 Td (0.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 341.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 341.27 Td (0.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 341.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 327.17 Td (Allowance for loan losses to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 314.17 Td (T) Tj ET Q q 0 0 0 rg BT 76.76 314.17 Td (otal loans receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.15 314.17 Td (0.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 314.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 314.17 Td (0.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 314.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 314.17 Td (0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 314.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 314.17 Td (0.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 314.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 314.17 Td (0.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 314.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 301.17 Td (Non-accrual loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 301.17 Td (143.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 301.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 301.17 Td (209.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 301.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 301.17 Td (330.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 301.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 301.17 Td (263.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 301.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 301.17 Td (125.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 301.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (The table below sets forth loans that were non-performing at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.92 274.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.51 274.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.51 274.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.51 274.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.51 274.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.51 274.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.51 274.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.51 274.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.94 274.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.94 274.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 227.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 227.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 227.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 227.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 227.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 227.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 227.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 227.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 227.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 227.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 199.60 171.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 199.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 199.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 199.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 199.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 199.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 199.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 199.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 199.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 199.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 161.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 161.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 161.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 161.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 161.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 161.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 161.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 161.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 161.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 161.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 133.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 133.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 133.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 133.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 133.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 133.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 133.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 133.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 133.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 133.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 251.60000000000002 m 286.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 251.60000000000002 m 290.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 251.60000000000002 m 355.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 251.60000000000002 m 359.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 251.60000000000002 m 424.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 251.60000000000002 m 428.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 251.60000000000002 m 493.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 251.60000000000002 m 497.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 251.60000000000002 m 562.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 239.60000000000002 m 286.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 239.60000000000002 m 355.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 239.60000000000002 m 424.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 239.60000000000002 m 493.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 239.60000000000002 m 562.5 239.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 119.60000000000002 m 286.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 119.60000000000002 m 355.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 119.60000000000002 m 424.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 119.60000000000002 m 493.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 119.60000000000002 m 286.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 106.60000000000002 m 286.5 106.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 104.60000000000002 m 286.5 104.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 119.60000000000002 m 355.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 106.60000000000002 m 355.5 106.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 104.60000000000002 m 355.5 104.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 119.60000000000002 m 424.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 106.60000000000002 m 424.5 106.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 104.60000000000002 m 424.5 104.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 119.60000000000002 m 493.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 106.60000000000002 m 493.5 106.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 104.60000000000002 m 493.5 104.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 119.60000000000002 m 562.5 119.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 106.60000000000002 m 562.5 106.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 104.60000000000002 m 562.5 104.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 255.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.05 255.55 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 243.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.50 243.55 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.50 243.55 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 243.55 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 243.55 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 243.55 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 231.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 218.17 Td (Commercial and industrial \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 218.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 218.17 Td (17,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 218.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 218.17 Td (8,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 218.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 218.17 Td (1,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 218.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 218.17 Td (2,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 218.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 218.17 Td (125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 204.17 Td (Commercial real estate \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 204.17 Td (1,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 204.17 Td (2,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 204.17 Td (2,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 204.17 Td (2,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 204.17 Td (1) Tj ET Q q 0 0 0 rg BT 536.15 204.17 Td (1,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 190.17 Td (Commercial real estate non-owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 180.17 Td (occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 181.27 Td (160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 181.27 Td (2,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 181.27 Td (1,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 181.27 Td (1,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 181.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 167.17 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 166.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 166.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 166.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 166.27 Td (2,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 166.27 Td (5,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 152.17 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 152.17 Td (5,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 152.17 Td (2,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 152.17 Td (2,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 152.17 Td (1,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 152.17 Td (1,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 138.17 Td (Manufactured housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 138.17 Td (1,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 138.17 Td (2,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 138.17 Td (2,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 138.17 Td (931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 138.17 Td (459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 124.17 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 124.17 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 124.17 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 124.17 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 124.17 Td (135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 124.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 110.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 110.17 Td (otal non-performing loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 110.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 110.17 Td (26,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 110.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 110.17 Td (17,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 110.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 110.17 Td (10,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 110.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 110.17 Td (1) Tj ET Q q 0 0 0 rg BT 467.15 110.17 Td (1,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 110.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 110.17 Td (19,163) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 91.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 79.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 79.70 Td (Includes owner occupied commercial real estate loans for 2017, 2016, 2015 and 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 67.70 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 67.70 Td (Includes non-owner occupied commercial real estate loans for 2017, 2016, 2015 and 2014. For 2013, includes owner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 55.70 Td (occupied and non-owner occupied commercial real estate loans.) Tj ET Q endstream endobj 171 0 obj <> endobj 172 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Customers seeks to manage credit risk through the diversification of the loan portfolio and the application of credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (underwriting policies and procedures designed to foster sound credit standards and monitoring practices. ) Tj ET Q q 0 0 0 rg BT 473.32 730.10 Td (While various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (degrees of credit risk are associated with substantially all investing activities, the lending function carries the greatest degree of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (potential loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Asset quality assurance activities include careful monitoring of borrower payment status and the periodic review of borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (current financial information to ensure ongoing financial strength and borrower cash flow viability) Tj ET Q q 0 0 0 rg BT 444.23 670.10 Td (. Customers has established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (credit policies and procedures, seeks the consistent application of those policies and procedures across the or) Tj ET Q q 0 0 0 rg BT 484.68 658.10 Td (ganization and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (adjusts policies as appropriate for changes in market conditions and applicable regulations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 616.10 Td (oblem Loan Identification and Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 598.10 Td (o facilitate the monitoring of credit quality within the commercial and industrial, multi-family) Tj ET Q q 0 0 0 rg BT 430.49 598.10 Td (, commercial real estate and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (construction portfolio and for purposes of analyzing historical loss rates used in the determination of the allowance for loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (losses for the respective portfolio segment, Customers utilizes the following categories of risk ratings: pass \(there are six risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (ratings for pass loans\), special mention, substandard, doubtful or loss. ) Tj ET Q q 0 0 0 rg BT 333.94 562.10 Td (The risk-rating categories, which are derived from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (standard regulatory rating definitions, are assigned upon initial approval of credit to borrowers and updated regularly thereafter) Tj ET Q q 0 0 0 rg BT 557.88 550.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Pass ratings, which are assigned to those borrowers who do not have identified potential or well-defined weaknesses and for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (whom there is a high likelihood of orderly repayment, are updated periodically based on the size and credit characteristics of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (the borrower) Tj ET Q q 0 0 0 rg BT 100.82 514.10 Td (. ) Tj ET Q q 0 0 0 rg BT 107.76 514.10 Td (All other categories are updated on a quarterly basis during the month preceding the end of the calendar quarter) Tj ET Q q 0 0 0 rg BT 553.15 514.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (While assigning risk ratings involves judgment, the risk-rating process allows management to identify riskier credits in a timely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (manner and allocate the appropriate resources to manage the loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Customers assigns a special mention rating to loans that have potential weaknesses that deserve management) Tj ET Q q 0 0 0 rg BT 488.77 466.10 Td (s close attention. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (If not addressed, these potential weaknesses may) Tj ET Q q 0 0 0 rg BT 245.12 454.10 Td (, at some future date, result in the deterioration of the repayment prospects for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (the loan and Customers' financial position. ) Tj ET Q q 0 0 0 rg BT 225.11 442.10 Td (At December31, 2017 and 2016, special mention loans were $99.3 million and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td ($56.9 million, respectively) Tj ET Q q 0 0 0 rg BT 156.55 430.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Risk ratings are not established for residential real estate, home equity loans, installment loans and other consumer loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (mainly because these portfolios consist of a lar) Tj ET Q q 0 0 0 rg BT 237.27 394.10 Td (ger number of homogeneous loans with smaller balances. Instead, these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (portfolios are evaluated for risk mainly based on aggregate payment history through the monitoring of delinquency levels and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (trends.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 346.10 Td ( regular reporting and review process is in place to provide for proper portfolio oversight and control and to monitor those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (loans identified as problem credits by management. ) Tj ET Q q 0 0 0 rg BT 261.15 334.10 Td (This process is designed to assess Customers' progress in working toward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (a solution and to assist in determining an appropriate allowance for loan losses. ) Tj ET Q q 0 0 0 rg BT 371.87 322.10 Td (All loan work-out situations involve the active ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (participation of management and are reported regularly to the Board of Directors. ) Tj ET Q q 0 0 0 rg BT 380.80 310.10 Td (When a loan becomes delinquent for 90 days ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (or more, or earlier if considered appropriate, the loan is assigned to Customers) Tj ET Q q 0 0 0 rg BT 366.38 298.10 Td ( Special ) Tj ET Q q 0 0 0 rg BT 400.26 298.10 Td (Asset Group \(SAG\) for workout or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (other resolution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Loan char) Tj ET Q q 0 0 0 rg BT 90.07 262.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 110.99 262.10 Td (fs are determined on a case-by-case basis. Loans are generally char) Tj ET Q q 0 0 0 rg BT 381.79 262.10 Td (ged of) Tj ET Q q 0 0 0 rg BT 406.88 262.10 Td (f when principal is likely to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (unrecoverable and after appropriate collection steps have been taken. Loan char) Tj ET Q q 0 0 0 rg BT 371.33 250.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 392.25 250.10 Td (fs are proposed by the SAG and approved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (by the Board of Directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (Loan policies and procedures are reviewed internally for possible revisions and changes on a regular basis. In addition, these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (policies and procedures, together with the loan portfolio, are reviewed on a periodic basis by various regulatory agencies and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (by our internal, external and loan review auditors, as part of their examination and audit procedures.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.01 160.10 Td (r) Tj ET Q q 0 0 0 rg BT 58.53 160.10 Td (oubled Debt Restructurings \(TDRs\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 142.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 142.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.08 142.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.08 142.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.52 142.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.52 142.10 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.94 142.10 Td ($20.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.83 142.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.83 142.10 Td ($16.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.72 142.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.16 142.10 Td ($1) Tj ET Q q 0 0 0 rg BT 396.79 142.10 Td (1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.68 142.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 493.34 142.10 Td (, in loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (categorized as a troubled debt restructuring \(TDR\). ) Tj ET Q q 0 0 0 rg BT 268.34 130.10 Td (TDRs are reported as impaired loans in the period of their restructuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (and are evaluated to determine whether they should be placed on non-accrual status. In subsequent years, a ) Tj ET Q q 0 0 0 rg BT 482.44 118.10 Td (TDR may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (returned to accrual status if the borrower satisfies a minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.26 106.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.93 106.10 Td (-month performance requirement; however) Tj ET Q q 0 0 0 rg BT 481.95 106.10 Td (, it will remain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (classified as impaired. Generally) Tj ET Q q 0 0 0 rg BT 182.91 94.10 Td (, Customers requires sustained performance for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.79 94.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.96 94.10 Td ( before returning a ) Tj ET Q q 0 0 0 rg BT 500.41 94.10 Td (TDR to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (accrual status.) Tj ET Q endstream endobj 173 0 obj <> endobj 174 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Modification of purchased credit-impaired loans that are accounted for within loan pools in accordance with the accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (standards for purchased credit-impaired loans does not result in the removal of these loans from the pool even if the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (modification would otherwise be considered a ) Tj ET Q q 0 0 0 rg BT 236.99 718.10 Td (TDR. ) Tj ET Q q 0 0 0 rg BT 263.94 718.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 313.27 718.10 Td (, as each pool is accounted for as a single asset with a single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (composite interest rate and an expectation of cash flows, modifications of loans within such pools are not reported as ) Tj ET Q q 0 0 0 rg BT 520.24 706.10 Td (TDRs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (TDR modifications primarily involve interest-rate concessions, extensions of term, deferrals of principal and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (modifications. Other modifications typically reflect other nonstandard terms which Customers would not of) Tj ET Q q 0 0 0 rg BT 483.06 670.10 Td (fer in non-troubled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (situations. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.36 658.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.94 658.10 Td (, 2016 and 2015, loans aggregating $8.1 million, $6.6 million and $7.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (million, respectively) Tj ET Q q 0 0 0 rg BT 131.55 646.10 Td (, were modified in troubled debt restructurings. ) Tj ET Q q 0 0 0 rg BT 325.21 646.10 Td (TDR modifications of loans within the commercial and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (industrial category were primarily interest-rate concessions, deferrals of principal and other modifications; modifications of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (commercial real estate loans were primarily deferrals of principal, extensions of term and other modifications; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (modifications of residential real estate loans were primarily interest-rate concessions and deferrals of principal. ) Tj ET Q q 0 0 0 rg BT 498.72 610.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 598.10 Td (, except for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.34 598.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.78 598.10 Td ( commercial and industrial loan with an outstanding commitment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.16 598.10 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.05 598.10 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (no other commitments to lend additional funds to debtors whose loans have been modified in ) Tj ET Q q 0 0 0 rg BT 425.02 586.10 Td (TDRs. ) Tj ET Q q 0 0 0 rg BT 456.24 586.10 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.98 586.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.98 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (commitments to lend additional funds to debtors whose terms have been modified in ) Tj ET Q q 0 0 0 rg BT 390.59 574.10 Td (TDRs at December 31, 2016 and 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 562.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 538.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 538.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.03 538.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.57 538.10 Td ( manufactured housing loans totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.38 538.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.27 538.10 Td ( that were modified in troubled debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (restructurings within the past 12 months defaulted on payments. ) Tj ET Q q 0 0 0 rg BT 310.79 526.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.23 526.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.82 526.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.82 526.10 Td (eight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.81 526.10 Td ( manufactured housing loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.05 514.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.94 514.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.94 514.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.38 514.10 Td ( commercial real estate non-owner occupied loan of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.29 514.10 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.18 514.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.62 514.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.06 514.10 Td ( residential real estate loan of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 502.10 Td (, that were modified in troubled debt restructurings within the related past 12 months defaulted on payments. ) Tj ET Q q 0 0 0 rg BT 538.23 502.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (December 31, 2015, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.00 490.10 Td (eleven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.09 490.10 Td ( manufactured housing loans totaling $0.3 million that were modified in troubled debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (restructurings within the related past 12 months defaulted on payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Loans modified in troubled debt restructurings are evaluated for impairment. ) Tj ET Q q 0 0 0 rg BT 359.44 454.10 Td (The nature and extent of impairment of ) Tj ET Q q 0 0 0 rg BT 518.93 454.10 Td (TDRs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (including those that have experienced a subsequent default, is considered in the determination of an appropriate level of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (allowance for credit losses. ) Tj ET Q q 0 0 0 rg BT 163.67 430.10 Td (There were no specific allowances resulting from ) Tj ET Q q 0 0 0 rg BT 363.68 430.10 Td (TDR modifications during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.28 430.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.28 430.10 Td ( and 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.74 418.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.73 418.10 Td ( specific allowances resulting from ) Tj ET Q q 0 0 0 rg BT 260.00 418.10 Td (TDR modifications during 2015 that totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.31 418.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.20 418.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.86 418.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.86 418.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (commercial and industrial loans and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.46 406.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.35 406.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.01 406.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.45 406.10 Td ( commercial real estate non-owner occupied loan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.50 370.10 Td (FDIC LOSS SHARING RECEIV) Tj ET Q q 0 0 0 rg BT 293.30 370.10 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 322.48 370.10 Td (AND CLA) Tj ET Q q 0 0 0 rg BT 366.65 370.10 Td (WBACK LIABILITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (On July 1) Tj ET Q q 0 0 0 rg BT 88.52 352.10 Td (1, 2016, Customers entered into an agreement to terminate all existing rights and obligations pursuant to the loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (sharing agreements with the FDIC. In connection with the termination agreement, Customers paid the FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.68 340.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.57 340.10 Td ( as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (final payment under these agreements. ) Tj ET Q q 0 0 0 rg BT 208.93 328.10 Td (The negotiated settlement amount was based on net losses incurred on the covered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (assets through September 30, 2015, adjusted for cash payments to and receipts from the FDIC as part of the December 31, 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (and March 31, 2016 certifications. Consequently) Tj ET Q q 0 0 0 rg BT 247.08 304.10 Td (, loans and other real estate owned previously reported as covered assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (pursuant to the loss sharing agreements were no longer presented as covered assets as of June 30, 2016. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.85 248.10 Td (ACCRUED INTEREST) Tj ET Q q 0 0 0 rg BT 323.75 248.10 Td ( RECEIV) Tj ET Q q 0 0 0 rg BT 363.85 248.10 Td (ABLE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Accrued interest receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.88 226.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.63 226.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.63 226.10 Td ($3.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.53 226.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.36 226.10 Td (14.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.19 226.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.46 226.10 Td ($27.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.36 226.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.57 226.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.16 226.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.09 226.10 Td ($23.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.99 226.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 214.10 Td (. ) Tj ET Q q 0 0 0 rg BT 135.90 214.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.18 214.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.94 214.10 Td ( was primarily associated with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.79 214.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.54 214.10 Td ( in total loans of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.03 214.10 Td ($0.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 214.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.92 214.10 Td ($8.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.04 214.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 202.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.52 202.10 Td ($8.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.64 202.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.85 202.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.44 202.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 170.20 158.10 Td (BANK PREMISES ) Tj ET Q q 0 0 0 rg BT 254.66 158.10 Td (AND EQUIPMENT) Tj ET Q q 0 0 0 rg BT 340.32 158.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.27 158.10 Td (AND OTHER ) Tj ET Q q 0 0 0 rg BT 404.50 158.10 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (Bank premises and equipment, net of accumulated depreciation and amortization, totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.49 136.10 Td ($12.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.38 136.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.82 136.10 Td ($12.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.71 136.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 124.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 124.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 124.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 220.68 124.10 Td (. ) Tj ET Q q 0 0 0 rg BT 228.00 124.10 Td (The decrease in bank premises and equipment, net of accumulated depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (and amortization, resulted from depreciation and amortization expenses totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.11 112.10 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.01 112.10 Td ( recorded in 2017 for information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (technology equipment, leasehold improvements and furniture and fixtures of) Tj ET Q q 0 0 0 rg BT 356.68 100.10 Td (fset in part by purchases of information technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (equipment, leasehold improvements and furniture and fixtures of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.43 88.10 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.32 88.10 Td (. For additional information, see NOTE 10 - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (BANK PREMISES ) Tj ET Q q 0 0 0 rg BT 130.58 76.10 Td (AND EQUIPMENT) Tj ET Q q 0 0 0 rg BT 212.33 76.10 Td ( to Customers' audited financial statements.) Tj ET Q endstream endobj 175 0 obj <> endobj 176 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Customers Bank) Tj ET Q q 0 0 0 rg BT 119.17 742.10 Td (s restricted stock holdings at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.53 742.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.12 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.55 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.55 742.10 Td (, were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.48 742.10 Td ($105.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.38 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.81 742.10 Td ($68.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.71 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 104.98 730.10 Td (These holdings consist of stock of the Federal Reserve Bank, the Federal Home Loan Bank and ) Tj ET Q q 0 0 0 rg BT 489.05 730.10 Td (Atlantic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Community Bankers Bank and are required as part of our relationship with these banks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 696.10 Td (Other assets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.82 696.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.40 696.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.84 696.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.84 696.10 Td (, totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.55 696.10 Td ($131.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.44 696.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.88 696.10 Td ($102.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.77 696.10 Td (, respectively and consisted primarily of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.10 Td (deferred taxes, assets leased under operating leases, prepaid expenses, cash pledged for collateral and mark-to-market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (adjustments for interest-rate swaps. During 2017, Customers Bank leased various types of equipment to customers within its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td (commercial and industrial loan portfolio. ) Tj ET Q q 0 0 0 rg BT 218.94 660.10 Td (The net carrying value of the leased assets was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.59 660.10 Td ($21.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.48 660.10 Td (, which includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (accumulated depreciation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.78 648.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.67 648.10 Td (, as of December 31, 2017. Customers had not entered into similar operating lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td (arrangements in 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (The cash surrender value of bank-owned life insurance \("BOLI"\) increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.54 614.10 Td ($96.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.43 614.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.21 614.10 Td ($257.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.10 614.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.32 614.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 602.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.94 602.10 Td ($161.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.83 602.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.05 602.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.63 602.10 Td (. ) Tj ET Q q 0 0 0 rg BT 253.95 602.10 Td (The increase in BOLI in 2017 primarily resulted from additional purchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (of life insurance policies totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.13 590.10 Td ($90.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.02 590.10 Td (. Presented within BOLI on the consolidated balance sheet is the cash surrender ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.10 Td (value of the Supplemental Executive Retirement Plan \(SERP\) balances of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.57 578.10 Td ($3.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.46 578.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.90 578.10 Td ($2.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.79 578.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.01 578.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 566.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 566.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 566.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 162.10 566.10 Td (. For additional information, see NOTE 14 - EMPLOYEE BENEFIT) Tj ET Q q 0 0 0 rg BT 440.21 566.10 Td ( PLANS to Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.10 Td (audited financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.25 518.10 Td (DEPOSITS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.10 Td (The Bank of) Tj ET Q q 0 0 0 rg BT 99.80 494.10 Td (fers a variety of deposit accounts, including checking, savings, money market deposit accounts \(MMDA\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.10 Td (time deposits. Deposits are primarily obtained from the Bank's geographic service area and nationwide through deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.10 Td (brokers, listing services and other relationships. ) Tj ET Q q 0 0 0 rg BT 245.61 470.10 Td (T) Tj ET Q q 0 0 0 rg BT 251.02 470.10 Td (otal deposits were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.72 470.10 Td ($6.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.84 470.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.05 470.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.64 470.10 Td (, a decrease of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.32 470.10 Td ($0.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 458.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 458.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.94 458.10 Td (6.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.77 458.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.71 458.10 Td ($7.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.83 458.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.04 458.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.63 458.10 Td (. ) Tj ET Q q 0 0 0 rg BT 283.95 458.10 Td (T) Tj ET Q q 0 0 0 rg BT 289.70 458.10 Td (ransaction deposits increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.33 458.10 Td ($0.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.44 458.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.27 458.10 Td (9.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.10 458.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.38 458.10 Td ($4.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 446.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.33 446.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.91 446.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.85 446.10 Td ($4.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.97 446.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.18 446.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.77 446.10 Td (, with non-interest bearing deposits increasing by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.17 446.10 Td ($86.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 434.10 Td (. Interest-bearing demand deposits increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.38 434.10 Td ($184.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.27 434.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.10 434.10 Td (54.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.93 434.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.21 434.10 Td ($523.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.10 434.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.32 434.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.90 434.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.94 422.10 Td ($339.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.83 422.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.05 422.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.63 422.10 Td (. Savings, including MMDA, totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.01 422.10 Td ($3.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.13 422.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.34 422.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.93 422.10 Td (, an increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 410.10 Td ($151.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.72 410.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.55 410.10 Td (4.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.38 410.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.32 410.10 Td ($3.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.43 410.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.65 410.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.23 410.10 Td (. ) Tj ET Q q 0 0 0 rg BT 327.55 410.10 Td (This increase was primarily attributed to an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (money market deposit accounts, including accounts held by states and municipalities. ) Tj ET Q q 0 0 0 rg BT 396.59 398.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.09 398.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.67 398.10 Td (, the Bank had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.10 Td ($1.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.11 386.10 Td ( in state and municipal deposits to which it had pledged available borrowing capacity through the FHLB to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.10 Td (depositor through a letter of credit arrangement. State and municipal deposits under this program decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.58 374.10 Td ($326.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.47 374.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (22.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 362.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.27 362.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.85 362.10 Td (. ) Tj ET Q q 0 0 0 rg BT 186.17 362.10 Td (T) Tj ET Q q 0 0 0 rg BT 191.58 362.10 Td (otal time deposits decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.54 362.10 Td ($0.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.66 362.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.49 362.10 Td (32.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.32 362.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.59 362.10 Td ($1.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.71 362.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.92 362.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.51 362.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.94 350.10 Td ($2.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.05 350.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.27 350.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.85 350.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.10 Td (The components of deposits at December 31, 2017, 2016 and 2015, were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 279.60 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 279.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 279.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 279.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 279.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 279.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 251.60 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 251.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 251.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 251.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 251.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 251.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 223.60 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 223.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 223.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 223.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 223.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 223.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 303.6 m 424.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 303.6 m 428.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 303.6 m 493.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 303.6 m 497.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 303.6 m 562.5 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 291.6 m 424.5 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 291.6 m 493.5 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 291.6 m 562.5 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 209.60000000000002 m 424.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 209.60000000000002 m 493.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 209.60000000000002 m 562.5 209.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 196.60000000000002 m 424.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 194.60000000000002 m 424.5 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 196.60000000000002 m 493.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 194.60000000000002 m 493.5 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 196.60000000000002 m 562.5 196.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 194.60000000000002 m 562.5 194.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 307.55 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 435.25 306.86 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 295.55 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 294.86 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 294.86 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.50 294.86 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 283.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 270.17 Td (Demand, non-interest bearing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 270.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 270.17 Td (1,052,1) Tj ET Q q 0 0 0 rg BT 410.65 270.17 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 270.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 270.17 Td (966,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 270.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 270.17 Td (653,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 256.17 Td (Demand, interest bearing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 256.17 Td (523,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 256.17 Td (339,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 256.17 Td (127,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 242.17 Td (Savings, including MMDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 242.17 Td (3,318,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 242.17 Td (3,166,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 242.17 Td (2,781,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 228.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.93 228.17 Td (ime, $100,000 and over) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 228.17 Td (1,284,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 228.17 Td (2,106,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 228.17 Td (1,624,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 214.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.93 214.17 Td (ime, other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 214.17 Td (620,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 214.17 Td (724,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 214.17 Td (723,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 200.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 200.17 Td (otal deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 200.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 200.17 Td (6,800,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 200.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 200.17 Td (7,303,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 200.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 200.17 Td (5,909,501) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 172.10 Td (ime deposits greater than $250,000 totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.21 172.10 Td ($0.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.33 172.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.33 172.10 Td ($1.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.44 172.10 Td ( and $0.9 billion at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.21 172.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.79 172.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.79 172.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.79 172.10 Td (, and 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 160.10 Td (. ) Tj ET Q endstream endobj 177 0 obj <> endobj 178 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.48 742.10 Td (verage deposit balances by type and the associated average rate paid are summarized below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 674.60 156.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 674.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 674.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 674.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 674.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 674.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 674.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 674.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 674.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 674.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 674.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 674.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 650.60 156.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 650.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 650.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 650.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 650.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 650.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 650.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 650.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 650.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 650.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 650.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 650.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 626.60 156.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 626.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 626.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 626.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 626.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 626.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 626.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 626.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 626.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 626.60 56.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 626.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 626.60 56.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 707.6 m 262.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262.5 707.6 m 266.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 707.6 m 322.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 707.6 m 382.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 707.6 m 386.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 707.6 m 442.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 707.6 m 502.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 707.6 m 506.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 707.6 m 562.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 686.6 m 262.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266.5 686.6 m 322.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 686.6 m 382.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 686.6 m 442.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 686.6 m 502.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 686.6 m 562.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 626.6 m 262.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 626.6 m 382.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 626.6 m 502.5 626.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 615.6 m 262.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 613.6 m 262.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 615.6 m 382.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 613.6 m 382.5 613.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 615.6 m 502.5 615.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 613.6 m 502.5 613.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 723.55 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 321.85 722.86 Td (For the ) Tj ET Q q 0 0 0 rg BT 349.68 722.86 Td (Y) Tj ET Q q 0 0 0 rg BT 355.56 722.86 Td (ears ended December31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 255.00 710.86 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.00 710.86 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.00 710.86 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 690.85 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.05 698.86 Td (A) Tj ET Q q 0 0 0 rg BT 224.88 698.86 Td (verage) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 219.50 689.86 Td (Balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.05 698.86 Td (A) Tj ET Q q 0 0 0 rg BT 284.88 698.86 Td (verage) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.60 689.86 Td (RatePaid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.05 698.86 Td (A) Tj ET Q q 0 0 0 rg BT 344.88 698.86 Td (verage) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.50 689.86 Td (Balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.05 698.86 Td (A) Tj ET Q q 0 0 0 rg BT 404.88 698.86 Td (verage) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.60 689.86 Td (RatePaid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.05 698.86 Td (A) Tj ET Q q 0 0 0 rg BT 464.88 698.86 Td (verage) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 689.86 Td (Balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.05 698.86 Td (A) Tj ET Q q 0 0 0 rg BT 524.88 698.86 Td (verage) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 516.60 689.86 Td (RatePaid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 678.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 665.22 Td (Demand, non-interest bearing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 665.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.60 665.22 Td (1,187,324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 665.22 Td (0.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 665.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 665.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.15 665.22 Td (873,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 665.22 Td (0.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 665.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 665.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 665.22 Td (692,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 665.22 Td (0.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 665.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 653.22 Td (Demand, interest-bearing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.15 653.22 Td (386,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 653.22 Td (0.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 653.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.15 653.22 Td (190,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 653.22 Td (0.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 653.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 653.22 Td (123,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 653.22 Td (0.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 653.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 641.22 Td (Savings, including MMDA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.60 641.22 Td (3,379,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 641.22 Td (1.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 641.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 641.22 Td (3,124,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 641.22 Td (0.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 641.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.60 641.22 Td (2,449,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 641.22 Td (0.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 641.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 629.22 Td (T) Tj ET Q q 0 0 0 rg BT 58.93 629.22 Td (ime deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.60 629.22 Td (2,392,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.15 629.22 Td (1.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 629.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 629.22 Td (2,633,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 629.22 Td (1.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 629.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.60 629.22 Td (2,087,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 629.22 Td (0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 629.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 617.22 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 617.22 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.00 617.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.60 617.22 Td (7,346,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 617.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 617.22 Td (6,821,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 617.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.60 617.22 Td (5,353,105) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 591.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 591.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 591.10 Td (, the scheduled maturities of time deposits greater than $100,000 were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 555.60 412.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 555.60 100.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 531.60 412.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 531.60 100.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 507.60 412.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 462.50 507.60 100.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 567.6 m 562.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 507.6 m 562.5 507.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 496.6 m 562.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462.5 494.6 m 562.5 494.6 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.60 571.86 Td (December 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 559.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 546.22 Td (3 months or less) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 546.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 546.22 Td (239,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 534.22 Td (Over 3 through 6 months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 534.22 Td (527,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 522.22 Td (Over 6 through 12 months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 522.22 Td (199,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 510.22 Td (Over 12 months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 510.22 Td (319,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 498.22 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 498.22 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.00 498.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 498.22 Td (1,284,855) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (For additional information, see NOTE 1) Tj ET Q q 0 0 0 rg BT 210.15 472.10 Td (1 - DEPOSITS to Customers' audited financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.80 436.10 Td (FHLB ) Tj ET Q q 0 0 0 rg BT 227.97 436.10 Td (ADV) Tj ET Q q 0 0 0 rg BT 248.35 436.10 Td (ANCES and OTHER BORROWINGS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (Borrowed funds from various sources are generally used to supplement deposit growth and meet other operating needs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (Customers strategically views the short-term FHLB advances as funding the commercial loans to the mortgage banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (businesses.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (Short-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Short-term debt at December 31, 2017, 2016 and 2015, was as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 281.60 138.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 281.60 59.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 281.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 281.60 59.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 281.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 281.60 59.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 281.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 281.60 59.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 281.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 281.60 59.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 281.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 281.60 59.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 257.60 138.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 257.60 59.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 257.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 257.60 59.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 257.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 257.60 59.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 257.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 257.60 59.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 257.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 257.60 59.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 257.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 257.60 59.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 317.6 m 247.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 317.6 m 251.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 317.6 m 310.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 317.6 m 314.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 317.6 m 373.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 317.6 m 377.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 317.6 m 436.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 317.6 m 440.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 317.6 m 499.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 317.6 m 503.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 317.6 m 562.5 317.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 305.6 m 247.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 305.6 m 251.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 305.6 m 310.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 305.6 m 373.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 305.6 m 377.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 305.6 m 436.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 305.6 m 499.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 305.6 m 503.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 305.6 m 562.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 293.6 m 247.5 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 293.6 m 310.5 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 293.6 m 373.5 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 293.6 m 436.5 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 293.6 m 499.5 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 293.6 m 562.5 293.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 257.6 m 373.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 257.6 m 499.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 257.6 m 247.5 257.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 246.60000000000002 m 247.5 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 244.60000000000002 m 247.5 244.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 246.60000000000002 m 373.5 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 244.60000000000002 m 373.5 244.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 246.60000000000002 m 499.5 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 244.60000000000002 m 499.5 244.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 321.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.55 321.55 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 309.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.00 309.55 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 309.55 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.00 309.55 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 297.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.35 297.55 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.15 297.55 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.35 297.55 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.15 297.55 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.35 297.55 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.15 297.55 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 285.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 272.22 Td (FHLB advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 272.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.60 272.22 Td (1,61) Tj ET Q q 0 0 0 rg BT 221.10 272.22 Td (1,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 272.22 Td (1.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 272.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 272.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 272.22 Td (688,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 272.22 Td (0.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 272.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 272.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.60 272.22 Td (1,365,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 272.22 Td (0.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 272.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 260.22 Td (Federal funds purchased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.15 260.22 Td (155,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.15 260.22 Td (1.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.65 260.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 260.22 Td (83,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 260.22 Td (0.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 260.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 260.22 Td (70,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 260.22 Td (0.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 260.22 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 248.22 Td (T) Tj ET Q q 0 0 0 rg BT 76.41 248.22 Td (otal short-term borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.00 248.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.60 248.22 Td (1,766,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 248.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 248.22 Td (771,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 248.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.60 248.22 Td (1,435,300) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.10 Td (For additional information on Customers' short-term debt, see NOTE12 BORROWINGS to Customers' audited financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.10 Td (statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 198.10 Td (Long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (At December 31, 2016, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.30 174.10 Td ($180.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.19 174.10 Td ( of long-term FHLB advances at an average rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.22 174.10 Td (1.32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.05 174.10 Td ( that mature in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.10 Td (2018, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.77 162.10 Td ($170.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.66 162.10 Td ( are fixed rate. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 138.10 Td (Senior notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.10 Td (In June 2017, Customers Bancorp issued $100 million of senior notes at 99.775% of face value. ) Tj ET Q q 0 0 0 rg BT 440.58 114.10 Td (The price to purchasers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.10 Td (represents a yield-to-maturity of 4.0% on the fixed coupon rate of 3.95%. ) Tj ET Q q 0 0 0 rg BT 348.62 102.10 Td (The senior notes mature in June 2022. ) Tj ET Q q 0 0 0 rg BT 505.90 102.10 Td (The net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.10 Td (proceeds to Customers after deducting the underwriting discount and estimated of) Tj ET Q q 0 0 0 rg BT 377.51 90.10 Td (fering expenses were approximately $98.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 86.21 78.10 Td (The net proceeds were contributed to Customers Bank for purposes of its working capital needs and the funding of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (or) Tj ET Q q 0 0 0 rg BT 58.15 66.10 Td (ganic growth.) Tj ET Q endstream endobj 179 0 obj <> endobj 180 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (On June 26, 2014, Customers Bancorp closed a private-placement transaction in which it issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.02 742.10 Td ($25.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.91 742.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.24 742.10 Td (4.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.07 742.10 Td ( senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (notes due June 2019. Interest is paid semi-annually in arrears in June and December) Tj ET Q q 0 0 0 rg BT 387.95 730.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (In July and ) Tj ET Q q 0 0 0 rg BT 96.39 706.10 Td (August 2013, Customers Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.93 706.10 Td ($63.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.83 706.10 Td ( in aggregate principal amount of senior notes due July 2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (The notes bear interest at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.01 694.10 Td (6.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.84 694.10 Td (per year which is payable on March15,June15,September15 and December15. ) Tj ET Q q 0 0 0 rg BT 518.55 694.10 Td (The notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (are unsecured obligations of Customers Bancorp, Inc. and rank equally with all of its secured and unsecured senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (indebtedness. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Subor) Tj ET Q q 0 0 0 rg BT 73.52 646.10 Td (dinated debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (On June 26, 2014, Customers Bank closed a private-placement transaction in which it issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.25 622.10 Td ($1) Tj ET Q q 0 0 0 rg BT 432.88 622.10 Td (10.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.77 622.10 Td ( of fixed-to-floating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (rate subordinated notes due 2029. ) Tj ET Q q 0 0 0 rg BT 189.51 610.10 Td (The subordinated notes bear interest at an annual fixed rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.13 610.10 Td (6.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.96 610.10 Td ( until June 26, 2024, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (and interest is paid semiannually) Tj ET Q q 0 0 0 rg BT 180.43 598.10 Td (. From June 26, 2024, the subordinated notes will bear an annual interest rate equal to three-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (month LIBOR plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.73 586.10 Td (344.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.23 586.10 Td ( basis points until maturity on June 26, 2029. Customers Bank has the ability to call the subordinated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (notes, in whole or in part, at a redemption price equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.60 574.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.93 574.10 Td ( of the principal balance at certain times on or after June 26, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (2024. ) Tj ET Q q 0 0 0 rg BT 77.32 562.10 Td (The subordinated notes qualify as ) Tj ET Q q 0 0 0 rg BT 214.60 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 220.36 562.10 Td (ier 2 capital for regulatory capital purposes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.20 526.10 Td (SHAREHOLDERS) Tj ET Q q 0 0 0 rg BT 328.14 526.10 Td ( EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Shareholders) Tj ET Q q 0 0 0 rg BT 104.79 502.10 Td ( equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.79 502.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.54 502.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.54 502.10 Td ($65.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.44 502.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.27 502.10 Td (7.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 502.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.37 502.10 Td ($921.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.27 502.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.48 502.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.07 502.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.00 502.10 Td ($855.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.90 502.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 490.10 Td (. ) Tj ET Q q 0 0 0 rg BT 135.90 490.10 Td (The primary components of the net increase were as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 468.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 468.10 Td (net income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.48 468.10 Td ($78.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.37 468.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.83 468.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.42 468.10 Td (;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 446.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 446.10 Td (other comprehensive income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.84 446.10 Td ($4.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.73 446.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.20 446.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.78 446.10 Td (, arising primarily from unrealized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 434.10 Td (gains on available-for) Tj ET Q q 0 0 0 rg BT 172.99 434.10 Td (-sale securities and cash flow hedges; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 412.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 412.10 Td (share-based compensation expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.28 412.10 Td ($6.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.17 412.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.63 412.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.21 412.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.10 Td (These increases were of) Tj ET Q q 0 0 0 rg BT 145.60 390.10 Td (fset in part by: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 368.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 368.10 Td (preferred stock dividends of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.96 368.10 Td ($14.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.85 368.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.31 368.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.90 368.10 Td (; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 346.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 346.10 Td (issuance of common stock under share-based compensation arrangements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.51 346.10 Td ($1) Tj ET Q q 0 0 0 rg BT 404.14 346.10 Td (1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.03 346.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 334.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.58 334.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Shareholders) Tj ET Q q 0 0 0 rg BT 104.79 310.10 Td ( equity increased by $302.0 million to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.21 310.10 Td ($855.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.11 310.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.32 310.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.91 310.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.84 310.10 Td ($553.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.74 310.10 Td ( at December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 298.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.00 298.10 Td (. ) Tj ET Q q 0 0 0 rg BT 89.82 298.10 Td (The primary components of the net increase were as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 276.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 276.10 Td (net income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.48 276.10 Td ($78.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.37 276.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.83 276.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.42 276.10 Td (;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 254.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 254.10 Td (other comprehensive income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.84 254.10 Td ($3.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.73 254.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.20 254.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.78 254.10 Td (, arising primarily from unrealized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 242.10 Td (gains on available-for) Tj ET Q q 0 0 0 rg BT 172.99 242.10 Td (-sale securities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 220.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 220.10 Td (share-based compensation expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.28 220.10 Td ($6.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.17 220.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.63 220.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.21 220.10 Td (;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 198.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 198.10 Td (issuance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.21 198.10 Td (6,700,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.21 198.10 Td ( shares of preferred stock, resulting in an increases to shareholders' equity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.57 198.10 Td ($161.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.46 198.10 Td (; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 176.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 176.10 Td (issuance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.21 176.10 Td (2,641,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.21 176.10 Td ( shares of common stock, resulting in an increases to shareholders' equity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.93 176.10 Td ($64.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.82 176.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (These increases were of) Tj ET Q q 0 0 0 rg BT 145.60 154.10 Td (fset in part by: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 132.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 132.10 Td (preferred stock dividends of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.96 132.10 Td ($9.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.85 132.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.31 132.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.90 132.10 Td (; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 110.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 110.10 Td (issuance of common stock under share-based compensation arrangements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.51 110.10 Td ($4.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.40 110.10 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 98.10 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.58 98.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.10 Td (For more information regarding the issuance of preferred and common stock and dividends paid to preferred shareholders, see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.10 Td (NOTE 13 - SHAREHOLDERS' EQUITY) Tj ET Q q 0 0 0 rg BT 217.53 62.10 Td ( to Customers' audited financial statements.) Tj ET Q endstream endobj 181 0 obj <> endobj 182 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (89) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.20 742.25 Td (LIQUIDITY) Tj ET Q q 0 0 0 rg BT 266.29 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.24 742.25 Td (AND CAPIT) Tj ET Q q 0 0 0 rg BT 322.77 742.25 Td (AL) Tj ET Q q 0 0 0 rg BT 336.11 742.25 Td ( RESOURCES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Liquidity for a financial institution is a measure of that institution) Tj ET Q q 0 0 0 rg BT 314.95 718.25 Td (s ability to meet depositors) Tj ET Q q 0 0 0 rg BT 425.30 718.25 Td ( needs for funds, to satisfy or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (fund loan commitments and for other operating purposes. Ensuring adequate liquidity is an objective of the asset/liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (management process. Customers coordinates its management of liquidity with its interest-rate sensitivity and capital position ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (and strives to maintain a strong liquidity position.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Customers' investment portfolio provides periodic cash flows through regular maturities and receipts of periodic payments and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (can be used as collateral to secure additional liquidity funding. Our principal sources of funds are proceeds from common and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (preferred stock issuances, deposits, debt issuances, principal and interest payments on loans and other funds from operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (Borrowing arrangements are maintained with the Federal Home Loan Bank and the Federal Reserve Bank of Philadelphia to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (meet short-term liquidity needs. ) Tj ET Q q 0 0 0 rg BT 182.20 610.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.64 610.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.22 610.25 Td (, Customers' borrowing capacity with the Federal Home Loan Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.05 598.25 Td ($4.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.17 598.25 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.93 598.25 Td ($1.6 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.05 598.25 Td ( was utilized in borrowings and commitments; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.01 598.25 Td ($1.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.13 598.25 Td ( of available capacity was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (used to collateralize state and municipal deposits. ) Tj ET Q q 0 0 0 rg BT 252.44 586.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.88 586.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.47 586.25 Td (, Customers' borrowing capacity with the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (Home Loan Bank was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.65 574.25 Td ($4.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.76 574.25 Td (, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.53 574.25 Td ($0.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.64 574.25 Td ( was utilized in borrowings and commitments; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.61 574.25 Td ($1.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.72 574.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (available capacity was used to collateralize state and municipal deposits. ) Tj ET Q q 0 0 0 rg BT 344.89 562.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.34 562.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.92 562.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.36 562.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.36 562.25 Td (, Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (borrowing capacity with the Federal Reserve Bank of Philadelphia was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.14 550.25 Td ($142.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.03 550.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.47 550.25 Td ($158.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.36 550.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 527.02 550.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (Net cash flows provided by operating activities were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.27 526.25 Td ($385.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.16 526.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.62 526.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.20 526.25 Td (, compared to net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (cash flows used in operating activities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.79 514.25 Td ($270.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.68 514.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.14 514.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.73 514.25 Td (. Proceeds from the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (loans held for sale in excess of funds required to originate loans held for sale contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.67 502.25 Td ($322.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.56 502.25 Td ( to cash flows provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (by operating activities for the year ended December 31, 2017. Originations of loans held for sale in excess of the proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (from the sales of loans held for sale required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.77 478.25 Td ($358.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.66 478.25 Td ( of cash flows used in operating activities for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (December 31, 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (Net cash flows used in investing activities were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.73 442.25 Td ($888.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.62 442.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.08 442.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.67 442.25 Td (, compared to the net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (cash flows used in investing activities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.69 430.25 Td ($599.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.58 430.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.04 430.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.63 430.25 Td (. Purchases of investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (securities available for sale totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.77 418.25 Td ($796.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.66 418.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.12 418.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.71 418.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.91 418.25 Td ($5.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.80 418.25 Td ( for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 406.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 406.25 Td (. Proceeds from sales of investment securities available for sale were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.14 406.25 Td ($769.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.03 406.25 Td ( for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 394.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 394.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.16 394.25 Td ($2.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.05 394.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.52 394.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.10 394.25 Td (. Purchases of loans held for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (investment and bank owned life insurance policies totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.38 382.25 Td ($262.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.27 382.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.71 382.25 Td ($90.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.60 382.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 469.26 382.25 Td (, for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 370.25 Td (. ) Tj ET Q q 0 0 0 rg BT 135.90 370.25 Td (There were no purchases of loans held for investment nor bank owned life insurance policies for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 358.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 358.25 Td (. Proceeds from sales of loans held for investment totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.35 358.25 Td ($462.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.24 358.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 346.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.79 346.25 Td ($133.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.68 346.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.14 346.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.72 346.25 Td (. Net cash flows used to fund new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (loans held for investment totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.58 334.25 Td ($960.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.47 334.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.91 334.25 Td ($795.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.80 334.25 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 334.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.74 334.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.18 334.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.18 334.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 322.25 Td (. Proceeds from maturities, calls and principal repayments of investment securities available for sale totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.07 322.25 Td ($48.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 310.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.35 310.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.94 310.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.14 310.25 Td ($64.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.03 310.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.49 310.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.08 310.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (Net cash flows provided by financing activities were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.27 286.25 Td ($384.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.16 286.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.62 286.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.20 286.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td ($870.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 274.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.35 274.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.94 274.25 Td (. For the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.21 274.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.21 274.25 Td (, net increases in short-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (borrowed funds from the FHLB provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.31 262.25 Td ($743.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.20 262.25 Td (, proceeds from the issuance of five-year senior notes provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.27 262.25 Td ($98.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 250.25 Td ( and proceeds from federal funds purchased provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.37 250.25 Td ($72.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.26 250.25 Td ( in net cash flows, of) Tj ET Q q 0 0 0 rg BT 431.39 250.25 Td (fset in part by a net decrease in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (deposits of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.11 238.25 Td ($503.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 238.25 Td ( and preferred stock dividends paid of $14.5 million. For the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.70 238.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.28 238.25 Td (, an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (increase in deposits provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.86 226.25 Td ($1.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.97 226.25 Td (, net proceeds from the issuance of preferred stock provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.38 226.25 Td ($161.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.27 226.25 Td (, proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (from long-term FHLB advances provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.13 214.25 Td ($75.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.02 214.25 Td ( and proceeds from federal funds purchased provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.49 214.25 Td ($13.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.38 214.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 202.25 Td (fset in part by net repayments of short-term borrowed funds from the FHLB of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.30 202.25 Td ($831.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.19 202.25 Td ( and preferred stock dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (paid of $9.1 million. ) Tj ET Q q 0 0 0 rg BT 134.26 190.25 Td (These financing activities provided suf) Tj ET Q q 0 0 0 rg BT 289.58 190.25 Td (ficient cash flows to support Customers' investing and operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (Overall, based on our core deposit base and available sources of borrowed funds, management believes that Customers has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (adequate resources to meet its short-term and long-term cash requirements for the foreseeable future.) Tj ET Q endstream endobj 183 0 obj <> endobj 184 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.45 742.25 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 284.82 742.25 Td (AL) Tj ET Q q 0 0 0 rg BT 298.16 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 300.11 742.25 Td (ADEQUACY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The Bank and the Bancorp are subject to various regulatory capital requirements administered by the federal banking agencies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Failure to meet the minimum capital requirements can result in certain mandatory) Tj ET Q q 0 0 0 rg BT 376.19 706.25 Td (, and possibly additional discretionary) Tj ET Q q 0 0 0 rg BT 528.01 706.25 Td (, actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (by regulators that, if undertaken, could have a direct material ef) Tj ET Q q 0 0 0 rg BT 304.16 694.25 Td (fect on Customers' financial statements. Under capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (adequacy guidelines and the regulatory framework for prompt corrective action, the Bank and Bancorp must meet specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (capital guidelines that involve quantitative measures of their assets, liabilities and certain of) Tj ET Q q 0 0 0 rg BT 416.65 670.25 Td (f-balance sheet items, as calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (under the regulatory accounting practices. ) Tj ET Q q 0 0 0 rg BT 222.80 658.25 Td (The capital amounts and classification are also subject to qualitative judgments by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (the regulators about components, risk weightings and other factors. Prompt corrective action provisions are not applicable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (bank holding companies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Quantitative measures established by regulation to ensure capital adequacy require the Bank and the Bancorp to maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (minimum amounts and ratios \(set forth in the following table\) of common equity ) Tj ET Q q 0 0 0 rg BT 375.60 598.25 Td (T) Tj ET Q q 0 0 0 rg BT 381.35 598.25 Td (ier 1, ) Tj ET Q q 0 0 0 rg BT 404.22 598.25 Td (T) Tj ET Q q 0 0 0 rg BT 409.98 598.25 Td (ier 1, and total capital to risk-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (weighted assets, and ) Tj ET Q q 0 0 0 rg BT 134.24 586.25 Td (T) Tj ET Q q 0 0 0 rg BT 140.00 586.25 Td (ier 1 capital to average assets \(as defined in the regulations\). ) Tj ET Q q 0 0 0 rg BT 385.74 586.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.24 586.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.83 586.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.26 586.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.26 586.25 Td (, the Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (and the Bancorp met all capital adequacy requirements to which they were subject to. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (Generally) Tj ET Q q 0 0 0 rg BT 88.77 550.25 Td (, to comply with the regulatory definition of adequately capitalized, or well capitalized, respectively) Tj ET Q q 0 0 0 rg BT 487.98 550.25 Td (, an institution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (must at least maintain the common equity ) Tj ET Q q 0 0 0 rg BT 219.51 538.25 Td (T) Tj ET Q q 0 0 0 rg BT 225.26 538.25 Td (ier 1, ) Tj ET Q q 0 0 0 rg BT 248.13 538.25 Td (T) Tj ET Q q 0 0 0 rg BT 253.89 538.25 Td (ier 1 and total risk based capital ratios and the ) Tj ET Q q 0 0 0 rg BT 439.76 538.25 Td (T) Tj ET Q q 0 0 0 rg BT 445.51 538.25 Td (ier 1 leverage ratio in excess ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (of the related minimum ratios set forth in the following table. ) Tj ET Q endstream endobj 185 0 obj <> endobj 186 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (91) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 687.50 140.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 687.50 48.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 687.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 687.50 42.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 687.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 687.50 40.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 687.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 687.50 41.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 687.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 687.50 42.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 687.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 687.50 44.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 687.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 687.50 44.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 687.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 687.50 41.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 649.50 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 649.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 649.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 649.50 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 649.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 649.50 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 649.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 649.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 649.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 649.50 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 649.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 649.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 649.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 649.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 649.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 649.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 614.50 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 614.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 614.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 614.50 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 614.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 614.50 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 614.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 614.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 614.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 614.50 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 614.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 614.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 614.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 614.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 614.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 614.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.50 140.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 586.50 48.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 586.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 586.50 42.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 586.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 586.50 40.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 586.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 586.50 41.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 586.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 586.50 42.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 586.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 586.50 44.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 586.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 586.50 44.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 586.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 586.50 41.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 548.50 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 548.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 548.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 548.50 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 548.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 548.50 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 548.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 548.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 548.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 548.50 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 548.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 548.50 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 548.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 548.50 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 548.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 548.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 519.50 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 519.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 519.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 519.50 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 519.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 519.50 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 519.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 519.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 519.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 519.50 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 519.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 519.50 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 519.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 519.50 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 519.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 519.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 489.50 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 489.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 489.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 489.50 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 489.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 489.50 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 489.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 489.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 489.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 489.50 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 489.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 489.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 489.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 489.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 489.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 489.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 451.50 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 451.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 451.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 451.50 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 451.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 451.50 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 451.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 451.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 451.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 451.50 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 451.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 451.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 451.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 451.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 451.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 451.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 423.50 140.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 423.50 48.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 423.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 423.50 42.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 423.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 423.50 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 423.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 423.50 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 423.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 423.50 42.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 423.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 423.50 44.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 423.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 423.50 44.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 423.50 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 423.50 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 384.50 140.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 384.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 384.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 384.50 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 384.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 384.50 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 384.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 384.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 384.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 384.50 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 384.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 384.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 384.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 384.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 384.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 384.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 347.50 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 347.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 347.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 347.50 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 347.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 347.50 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 347.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 347.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 347.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 347.50 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 347.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 347.50 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 347.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 347.50 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 347.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 347.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 317.50 140.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 317.50 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 317.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 317.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 317.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 317.50 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 317.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 317.50 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 317.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 317.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 317.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 317.50 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 317.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 317.50 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 317.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 317.50 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 281.50 140.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 190.50 281.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 238.50 281.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 242.50 281.50 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 281.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 281.50 40.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 328.50 281.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 332.50 281.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 281.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 281.50 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 419.50 281.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 423.50 281.50 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.50 281.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 471.50 281.50 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.50 281.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 281.50 41.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 734.5 m 238.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 734.5 m 242.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 734.5 m 284.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 734.5 m 328.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 734.5 m 332.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 734.5 m 373.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 734.5 m 377.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 734.5 m 419.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 734.5 m 423.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 734.5 m 467.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 734.5 m 471.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 734.5 m 515.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 734.5 m 519.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 734.5 m 560.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 714.5 m 238.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 238.5 714.5 m 242.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 714.5 m 284.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 714.5 m 328.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 714.5 m 332.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 714.5 m 373.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 734.5 m 377.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 714.5 m 377.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 734.5 m 419.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 714.5 m 419.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 734.5 m 423.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419.5 714.5 m 423.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 734.5 m 467.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 714.5 m 467.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467.5 714.5 m 471.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 714.5 m 515.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 714.5 m 519.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 714.5 m 560.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 190.5 701.5 m 238.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 242.5 701.5 m 284.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 701.5 m 328.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 328.5 714.5 m 332.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 332.5 701.5 m 373.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 701.5 m 419.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 701.5 m 467.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 701.5 m 515.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 701.5 m 560.5 701.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 352.45 738.75 Td (Minimum Capital Levels to be Classified as:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 718.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 226.30 718.75 Td (Actual) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.80 718.75 Td (Adequately Capitalized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 718.75 Td (W) Tj ET Q q 0 0 0 rg BT 402.53 718.75 Td (ell Capitalized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.70 718.75 Td (Basel III Compliant) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 705.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 200.85 705.75 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.30 705.75 Td (Ratio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.85 705.75 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.80 705.75 Td (Ratio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.85 705.75 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.30 705.75 Td (Ratio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.85 705.75 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.80 705.75 Td (Ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 692.90 Td (December) Tj ET Q q 0 0 0 rg BT 91.89 692.90 Td ( 31, 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 678.90 Td (Common equity ) Tj ET Q q 0 0 0 rg BT 116.92 678.90 Td (T) Tj ET Q q 0 0 0 rg BT 122.76 678.90 Td (ier) Tj ET Q q 0 0 0 rg BT 133.09 678.90 Td ( 1 \(to risk-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 669.90 Td (weighted assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 654.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 653.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.75 653.96 Td (689,494) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.25 653.96 Td (8.805) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 653.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 653.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 653.96 Td (352,368) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 653.96 Td (4.500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 653.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.95 653.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.95 653.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 653.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 653.96 Td (450,248) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 653.96 Td (5.750) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 653.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 640.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 639.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 199.00 639.96 Td (1,023,564) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.75 639.96 Td (13.081) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 639.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 639.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 639.96 Td (352,122) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 639.96 Td (4.500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 639.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 639.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.75 639.96 Td (508,621) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 639.96 Td (6.500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 639.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 639.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 639.96 Td (449,934) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 639.96 Td (5.750) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 639.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 626.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.92 626.90 Td (ier) Tj ET Q q 0 0 0 rg BT 69.25 626.90 Td ( 1 capital \(to risk-weighted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 617.90 Td (assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 605.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 604.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.75 604.96 Td (906,963) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.75 604.96 Td (1) Tj ET Q q 0 0 0 rg BT 256.25 604.96 Td (1.583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 604.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 604.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 604.96 Td (469,824) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 604.96 Td (6.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 604.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.95 604.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.95 604.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 604.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 604.96 Td (567,704) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 604.96 Td (7.250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 604.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 591.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 590.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 199.00 590.96 Td (1,023,564) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.75 590.96 Td (13.081) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 590.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 590.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 590.96 Td (469,496) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 590.96 Td (6.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 590.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 590.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.75 590.96 Td (625,994) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 590.96 Td (8.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 590.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 590.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 590.96 Td (567,307) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 590.96 Td (7.250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 590.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 577.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.59 577.90 Td (otal capital \(to risk-weighted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 568.90 Td (assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 554.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 552.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 199.00 552.96 Td (1,021,601) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.75 552.96 Td (13.047) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 552.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 552.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 552.96 Td (626,432) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 552.96 Td (8.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 552.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.95 552.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.95 552.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 552.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 552.96 Td (724,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 552.96 Td (9.250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 552.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 539.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 537.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 199.00 537.96 Td (1,170,666) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.75 537.96 Td (14.961) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 537.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 537.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 537.96 Td (625,994) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 537.96 Td (8.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 537.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 537.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.75 537.96 Td (782,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 537.96 Td (10.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 537.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 537.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 537.96 Td (723,806) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 537.96 Td (9.250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 537.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 524.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.92 524.90 Td (ier) Tj ET Q q 0 0 0 rg BT 69.25 524.90 Td ( 1 capital \(to average assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 510.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 508.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.75 508.96 Td (906,963) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.25 508.96 Td (8.937) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 508.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 508.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 508.96 Td (405,949) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 508.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 508.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.95 508.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.95 508.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 508.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 508.96 Td (405,949) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 508.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 508.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 495.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 493.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 199.00 493.96 Td (1,023,564) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.75 493.96 Td (10.092) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 493.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 493.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 493.96 Td (405,701) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 493.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 493.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 493.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.75 493.96 Td (507,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 493.96 Td (5.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 493.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 493.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 493.96 Td (405,701) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 493.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 493.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 480.90 Td (December) Tj ET Q q 0 0 0 rg BT 91.89 480.90 Td ( 31, 2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 466.90 Td (Common equity ) Tj ET Q q 0 0 0 rg BT 116.92 466.90 Td (T) Tj ET Q q 0 0 0 rg BT 122.76 466.90 Td (ier) Tj ET Q q 0 0 0 rg BT 133.09 466.90 Td ( 1 \(to risk-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 457.90 Td (weighted assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 442.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 441.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.75 441.96 Td (628,139) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.25 441.96 Td (8.487) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 441.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 441.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 441.96 Td (333,049) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 441.96 Td (4.500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 441.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.95 441.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.95 441.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 441.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 441.96 Td (379,306) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 441.96 Td (5.125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 441.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 428.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 427.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.75 427.96 Td (857,421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.75 427.96 Td (1) Tj ET Q q 0 0 0 rg BT 256.25 427.96 Td (1.626) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 427.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 427.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 427.96 Td (331,879) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 427.96 Td (4.500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 427.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 427.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.75 427.96 Td (479,380) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 427.96 Td (6.500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 427.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 427.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 427.96 Td (377,973) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 427.96 Td (5.125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 427.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 414.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.92 414.90 Td (ier) Tj ET Q q 0 0 0 rg BT 69.25 414.90 Td ( 1 capital \(to risk-weighted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 405.90 Td (assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 389.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 388.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.75 388.96 Td (844,755) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.75 388.96 Td (1) Tj ET Q q 0 0 0 rg BT 256.25 388.96 Td (1.414) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 388.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 388.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 388.96 Td (444,065) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 388.96 Td (6.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 388.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.95 388.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.95 388.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 388.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 388.96 Td (490,322) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 388.96 Td (6.625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 388.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 375.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 374.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.75 374.96 Td (857,421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.75 374.96 Td (1) Tj ET Q q 0 0 0 rg BT 256.25 374.96 Td (1.626) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 374.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 374.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 374.96 Td (442,505) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 374.96 Td (6.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 374.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 374.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.75 374.96 Td (590,006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 374.96 Td (8.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 374.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 374.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 374.96 Td (488,599) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 374.96 Td (6.625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 374.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 361.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.59 361.90 Td (otal capital \(to risk-weighted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 352.90 Td (assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 338.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 336.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.75 336.96 Td (966,097) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.75 336.96 Td (13.053) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 336.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 336.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 336.96 Td (592,087) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 336.96 Td (8.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 336.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.95 336.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.95 336.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 336.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 336.96 Td (638,343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 336.96 Td (8.625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 336.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 323.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 321.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 199.00 321.96 Td (1,003,609) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.75 321.96 Td (13.608) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 321.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 321.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 321.96 Td (590,006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 321.96 Td (8.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 321.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 321.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.75 321.96 Td (737,508) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 321.96 Td (10.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 321.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 321.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 321.96 Td (636,101) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 321.96 Td (8.625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 321.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 308.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.84 308.90 Td (ier) Tj ET Q q 0 0 0 rg BT 69.17 308.90 Td ( 1 capital \(to average assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 287.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 285.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.75 285.96 Td (844,755) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.25 285.96 Td (9.067) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 285.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 285.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 285.96 Td (372,652) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 285.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 285.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.95 285.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.95 285.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 285.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 285.96 Td (372,652) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 285.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 285.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 272.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.00 270.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.75 270.96 Td (857,421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 256.25 270.96 Td (9.233) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 270.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.00 270.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 270.96 Td (371,466) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 270.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.50 270.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 270.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.75 270.96 Td (464,333) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 270.96 Td (5.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.50 270.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 270.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 270.96 Td (371,466) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 270.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 552.50 270.96 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.00 Td (The capital ratios above reflect the capital requirements under "Basel III" ef) Tj ET Q q 0 0 0 rg BT 353.12 243.00 Td (fective during first quarter 2015 and the capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.00 Td (conservation buf) Tj ET Q q 0 0 0 rg BT 116.74 231.00 Td (fer ef) Tj ET Q q 0 0 0 rg BT 137.93 231.00 Td (fective January 1, 2016. Failure to maintain the required capital conservation buf) Tj ET Q q 0 0 0 rg BT 463.75 231.00 Td (fer will result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.00 Td (limitations on capital distributions and on discretionary bonuses to executive of) Tj ET Q q 0 0 0 rg BT 367.53 219.00 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 396.69 219.00 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.13 219.00 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.72 219.00 Td (, the Bank and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.00 Td (Customers Bancorp were in compliance with the Basel III requirements. See NOTE 19 - REGULA) Tj ET Q q 0 0 0 rg BT 448.23 207.00 Td (T) Tj ET Q q 0 0 0 rg BT 454.16 207.00 Td (OR) Tj ET Q q 0 0 0 rg BT 467.50 207.00 Td (Y) Tj ET Q q 0 0 0 rg BT 474.35 207.00 Td ( MA) Tj ET Q q 0 0 0 rg BT 491.85 207.00 Td (TTERS to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.00 Td (Customers' audited financial statements for additional discussion regarding regulatory capital requirements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 171.00 Td (Capital Ratios) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.00 Td (Customers continued to build its capital during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.25 147.00 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.25 147.00 Td (. In general, for the past few years, capital growth has been achieved by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.00 Td (retained earnings, increases in capital from sales of common stock and issuance of preferred stock and subordinated debt. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.00 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 123.00 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 123.00 Td (, Customers Bancorp did not issue any preferred stock or common stock in public of) Tj ET Q q 0 0 0 rg BT 438.08 123.00 Td (ferings. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.68 123.00 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.68 123.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.00 Td (Customers Bancorp issued non-cumulative perpetual preferred stock, which meets the definition of ) Tj ET Q q 0 0 0 rg BT 448.87 111.00 Td (T) Tj ET Q q 0 0 0 rg BT 454.63 111.00 Td (ier 1 capital per regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.00 Td (guidelines, and common stock. ) Tj ET Q q 0 0 0 rg BT 178.96 99.00 Td (The net proceeds of these of) Tj ET Q q 0 0 0 rg BT 291.79 99.00 Td (ferings is included in the Bancorp's ) Tj ET Q q 0 0 0 rg BT 435.05 99.00 Td (T) Tj ET Q q 0 0 0 rg BT 440.81 99.00 Td (ier 1 capital ratios presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.00 Td (above. For more information relating to preferred and common stock of) Tj ET Q q 0 0 0 rg BT 339.17 87.00 Td (ferings in 2016, see NOTE 13 - SHAREHOLDERS' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.00 Td (EQUITY) Tj ET Q q 0 0 0 rg BT 86.84 75.00 Td ( to Customers' audited financial statements. ) Tj ET Q endstream endobj 187 0 obj <> endobj 188 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Customers is unaware of any current recommendations by the regulatory authorities which, if they were to be implemented, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (would have a material ef) Tj ET Q q 0 0 0 rg BT 148.66 730.10 Td (fect on its liquidity) Tj ET Q q 0 0 0 rg BT 223.84 730.10 Td (, capital resources, or operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (The maintenance of appropriate levels of capital is an important objective of Customers' asset and liability management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (process. ) Tj ET Q q 0 0 0 rg BT 87.31 694.10 Td (Through its initial capitalization and subsequent of) Tj ET Q q 0 0 0 rg BT 290.42 694.10 Td (ferings, Customers believes it has continued to maintain a strong ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (capital position. Since first quarter 2015, Customers Bank's board of directors has declared a quarterly cash dividend to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Bank's sole shareholder) Tj ET Q q 0 0 0 rg BT 144.16 670.10 Td (, Customers Bancorp. Cash dividends declared by the Bank and paid to Customers Bancorp during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (2017 and 2016, include the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td ($5.1 million declared on January 20, 2016, and paid on March 10, 2016;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.10 Td ($6.0 million declared on ) Tj ET Q q 0 0 0 rg BT 185.70 610.10 Td (April 27, 2016, and paid on June 27, 2016;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.10 Td ($6.5 million declared on July 27, 2016, and paid on September 12, 2016;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 562.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 562.10 Td ($7.8 million declared on October 26, 2016, and paid on December 12, 2016; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 538.10 Td ($7.8 million declared on January 25, 2017, and paid on March 13, 2017;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 514.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 514.10 Td ($7.8 million declared on ) Tj ET Q q 0 0 0 rg BT 185.70 514.10 Td (April 26, 2017, and paid on June 12, 2017;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 490.10 Td ($1) Tj ET Q q 0 0 0 rg BT 95.63 490.10 Td (1.3 million declared on July 26, 2017, and paid on September 1) Tj ET Q q 0 0 0 rg BT 349.10 490.10 Td (1, 2017;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 466.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 466.10 Td ($1) Tj ET Q q 0 0 0 rg BT 95.63 466.10 Td (1.3 million declared on October 25, 2017, and paid on December 1) Tj ET Q q 0 0 0 rg BT 362.96 466.10 Td (1, 2017; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 442.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 442.10 Td ($1) Tj ET Q q 0 0 0 rg BT 95.63 442.10 Td (1.3 million declared on January 24, 2018, and payable on March 10, 2018.) Tj ET Q endstream endobj 189 0 obj <> endobj 190 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (93) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.60 742.25 Td (OFF-BALANCE-SHEET) Tj ET Q q 0 0 0 rg BT 316.32 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 318.27 742.25 Td (ARRANGEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Customers is involved with financial instruments and other commitments with of) Tj ET Q q 0 0 0 rg BT 374.22 718.25 Td (f-balance-sheet risks. Financial instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (with of) Tj ET Q q 0 0 0 rg BT 78.43 706.25 Td (f-balance-sheet risks are incurred in the normal course of business to meet the financing needs of the Bank's customers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (These financial instruments include commitments to extend credit, including unused portions of lines of credit and standby ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (letters of credit. ) Tj ET Q q 0 0 0 rg BT 117.85 682.25 Td (Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (the balance sheets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (W) Tj ET Q q 0 0 0 rg BT 59.04 646.25 Td (ith commitments to extend credit, exposures to credit loss in the event of non-performance by the other party to the financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (instrument is represented by the contractual amount of those instruments. ) Tj ET Q q 0 0 0 rg BT 348.08 634.25 Td (The same credit policies are used in making ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (commitments and conditional obligations as are used for on-balance-sheet instruments. Because they involve credit risk similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (to extending a loan, these financial instruments are subject to the Bank) Tj ET Q q 0 0 0 rg BT 335.47 610.25 Td (s credit policy and other underwriting standards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 586.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 586.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 586.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 586.25 Td (, the following of) Tj ET Q q 0 0 0 rg BT 261.72 586.25 Td (f-balance-sheet commitments, financial instruments and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (arrangements were outstanding:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 527.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 527.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 527.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 527.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 499.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 499.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 499.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 499.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 471.75 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 471.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 471.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 471.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 551.75 m 493.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 551.75 m 497.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 551.75 m 562.5 551.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 539.75 m 493.5 539.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 539.75 m 562.5 539.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 555.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.55 555.70 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 543.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 543.70 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 543.70 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 531.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 518.32 Td (Commitments to fund loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 518.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 518.32 Td (333,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 518.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 518.32 Td (244,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 504.32 Td (Unfunded commitments to fund mortgage warehouse loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 504.32 Td (1,567,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 504.32 Td (1,230,596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 490.32 Td (Unfunded commitments under lines of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 490.32 Td (485,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 490.32 Td (480,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 476.32 Td (Letters of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 476.32 Td (39,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 476.32 Td (40,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 462.32 Td (Other unused commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 462.32 Td (6,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 462.32 Td (5,310) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.25 Td (Commitments to fund loans, unfunded commitments to fund mortgage warehouse loans, unfunded commitments under lines of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.25 Td (credit and letters of credit are agreements to extend credit to or for the benefit of a customer in the ordinary course of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.25 Td (Bank's business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.25 Td (Commitments to fund loans and unfunded commitments under lines of credit may be obligations of the Bank as long as there is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.25 Td (no violation of any condition established in the contract. Because many of the commitments are expected to expire without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.25 Td (having been drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.25 Td (generally have fixed expiration dates or other termination clauses and may require payment of a fee.) Tj ET Q q 0 0 0 rg BT 453.27 350.25 Td (The Bank evaluates each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.25 Td (customer) Tj ET Q q 0 0 0 rg BT 87.03 338.25 Td () Tj ET Q q 0 0 0 rg BT 89.80 338.25 Td (s creditworthiness on a case-by-case basis. ) Tj ET Q q 0 0 0 rg BT 265.12 338.25 Td (The amount of collateral obtained, if the Bank deems it to be necessary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.25 Td (upon extension of credit, is based on management) Tj ET Q q 0 0 0 rg BT 252.72 326.25 Td (s credit evaluation. Collateral held varies but may include personal or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.25 Td (commercial real estate, accounts receivable, inventory and equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.25 Td (Mortgage warehouse loan commitments are agreements to fund the pipelines of mortgage banking businesses from closing of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.25 Td (individual mortgage loans until their sale into the secondary market. Most of the individual mortgage loans are insured or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.25 Td (guaranteed by the U.S. Government through one of its programs, such as FHA) Tj ET Q q 0 0 0 rg BT 363.55 266.25 Td ( or ) Tj ET Q q 0 0 0 rg BT 376.70 266.25 Td (V) Tj ET Q q 0 0 0 rg BT 382.64 266.25 Td (A, or they are conventional loans eligible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.25 Td (for sale to Fannie Mae and Freddie Mac. ) Tj ET Q q 0 0 0 rg BT 217.54 254.25 Td (These commitments generally fluctuate monthly based on changes in interest rates, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.25 Td (refinance activity) Tj ET Q q 0 0 0 rg BT 119.03 242.25 Td (, new home sales and laws and regulation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.25 Td (Outstanding letters of credit written are conditional commitments issued by the Bank to guarantee the performance of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.25 Td (customer to a third party) Tj ET Q q 0 0 0 rg BT 147.66 206.25 Td (. Letters of credit may obligate the Bank to fund draws under those letters of credit whether or not a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.25 Td (customer continues to meet the conditions of the extension of credit. ) Tj ET Q q 0 0 0 rg BT 328.36 194.25 Td (The credit risk involved in issuing letters of credit is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.25 Td (essentially the same as that involved in extending loan facilities to customers.) Tj ET Q endstream endobj 191 0 obj <> endobj 192 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (94) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.65 742.25 Td (CONTRACTUAL) Tj ET Q q 0 0 0 rg BT 308.44 742.25 Td ( OBLIGA) Tj ET Q q 0 0 0 rg BT 350.21 742.25 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The following table sets forth contractual obligations and other commitments representing required and potential cash outflows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.66 706.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.24 706.25 Td (. Interest on subordinated notes and senior notes was calculated using then current contractual interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (rates. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 650.75 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 650.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 650.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 650.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 650.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 650.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 650.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 622.75 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 622.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 622.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 622.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 622.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 622.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 622.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 594.75 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 594.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 594.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 594.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 594.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 594.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 594.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 594.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 594.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 594.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 566.75 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 566.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 566.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 566.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 566.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 566.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 566.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 566.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 566.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 566.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 538.75 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 538.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 538.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 538.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 538.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 538.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 538.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 538.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 538.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 538.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 510.75 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 510.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 510.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 510.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 510.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 510.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 510.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 510.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 510.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 510.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 662.75 m 286.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 662.75 m 355.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 662.75 m 424.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 662.75 m 493.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 662.75 m 562.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 510.75 m 286.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 497.75 m 286.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 495.75 m 286.5 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 510.75 m 355.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 497.75 m 355.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 495.75 m 355.5 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 510.75 m 424.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 497.75 m 424.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 495.75 m 424.5 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 510.75 m 493.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 497.75 m 493.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 495.75 m 493.5 495.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 510.75 m 562.5 510.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 497.75 m 562.5 497.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 495.75 m 562.5 495.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.30 667.00 Td (T) Tj ET Q q 0 0 0 rg BT 249.63 667.00 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.75 675.00 Td (W) Tj ET Q q 0 0 0 rg BT 311.98 675.00 Td (ithin one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 667.00 Td (year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.15 675.00 Td (After one but) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.80 667.00 Td (withinthreeyears) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.95 675.00 Td (After three but) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.60 667.00 Td (withinfiveyears) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.90 675.00 Td (Morethan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.80 667.00 Td (fiveyears) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 654.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 641.32 Td (Operating leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 641.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 641.32 Td (27,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 641.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 641.32 Td (5,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 641.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 641.32 Td (9,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 641.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 641.32 Td (6,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 641.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 641.32 Td (6,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 627.32 Td (Benefit plan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 627.32 Td (4,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 627.32 Td (300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 627.32 Td (600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 627.32 Td (600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 627.32 Td (3,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 613.32 Td (Contractual maturities of time deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 613.32 Td (1,905,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 613.32 Td (1,453,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 613.32 Td (340,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 613.32 Td (1) Tj ET Q q 0 0 0 rg BT 462.15 613.32 Td (1) Tj ET Q q 0 0 0 rg BT 467.15 613.32 Td (1,442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 613.32 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 599.32 Td (Subordinated notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 599.32 Td (1) Tj ET Q q 0 0 0 rg BT 255.15 599.32 Td (10,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.65 599.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 599.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 599.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 599.32 Td (1) Tj ET Q q 0 0 0 rg BT 531.15 599.32 Td (10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 585.32 Td (Interest on subordinated notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 585.32 Td (77,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 585.32 Td (6,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 585.32 Td (13,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 585.32 Td (13,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 585.32 Td (43,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 571.32 Td (Loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 571.32 Td (2,386,358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 571.32 Td (1,964,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 571.32 Td (87,891) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 571.32 Td (86,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 571.32 Td (248,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 557.32 Td (Senior notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 557.32 Td (188,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 557.32 Td (63,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 557.32 Td (25,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 557.32 Td (100,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 557.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 543.32 Td (Interest on senior notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 543.32 Td (21,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 543.32 Td (7,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 543.32 Td (8,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 543.32 Td (5,925) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 543.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 529.32 Td (Other commitments \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 529.32 Td (6,679) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.65 529.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 529.32 Td (6,679) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 529.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 529.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 515.32 Td (Standby letters of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 515.32 Td (39,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 515.32 Td (34,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 515.32 Td (3,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 515.32 Td (1,669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 515.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 501.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 501.32 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 501.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 501.32 Td (4,768,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 501.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 501.32 Td (3,535,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 501.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 501.32 Td (495,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 501.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 501.32 Td (326,101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 501.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 501.32 Td (41) Tj ET Q q 0 0 0 rg BT 536.15 501.32 Td (1,293) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 482.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.85 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 470.85 Td (Represents commitments funding in approximately one-to-three years that are subject to unscheduled requests for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 458.85 Td (payment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.15 422.85 Td (NEW) Tj ET Q q 0 0 0 rg BT 230.86 422.85 Td ( ) Tj ET Q q 0 0 0 rg BT 232.81 422.85 Td (ACCOUNTING PRONOUNCEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.85 Td (For information about the impact that recently adopted or issued accounting guidance will have on us, refer to NOTE 4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.85 Td (SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 112.60 386.85 Td ( ) Tj ET Q q 0 0 0 rg BT 114.55 386.85 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 228.99 386.85 Td (AND BASIS OF PRESENT) Tj ET Q q 0 0 0 rg BT 341.83 386.85 Td (A) Tj ET Q q 0 0 0 rg BT 347.94 386.85 Td (TION to Customers' audited financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 338.85 Td (Item7A. ) Tj ET Q q 0 0 0 rg BT 122.00 338.85 Td (Quantitative and Qualitative Disclosur) Tj ET Q q 0 0 0 rg BT 287.10 338.85 Td (e ) Tj ET Q q 0 0 0 rg BT 293.49 338.85 Td (About Market Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 314.85 Td (Inter) Tj ET Q q 0 0 0 rg BT 71.48 314.85 Td (est-Rate Sensitivity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.85 Td (The lar) Tj ET Q q 0 0 0 rg BT 78.41 290.85 Td (gest component of Customers' net income is net interest income, and the majority of its financial instruments are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.85 Td (interest-rate sensitive assets and liabilities with various term structures and maturities. One of the primary objectives of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.85 Td (management is to maximize net interest income while minimizing interest-rate risk. Interest-rate risk is derived from timing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.85 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 254.85 Td (ferences in the repricing of assets and liabilities, loan prepayments, deposit withdrawals and dif) Tj ET Q q 0 0 0 rg BT 442.58 254.85 Td (ferences in lending and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.85 Td (funding rates. Customers' asset/liability committee actively seeks to monitor and control the mix of interest-rate sensitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.85 Td (assets and interest-rate sensitive liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.85 Td (Customers uses two complementary methods to analyze and measure interest-rate sensitivity as part of the overall management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.85 Td (of interest-rate risk;they are income simulation modeling and estimates of economic value of equity) Tj ET Q q 0 0 0 rg BT 450.89 194.85 Td (. ) Tj ET Q q 0 0 0 rg BT 458.21 194.85 Td (The combination of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.85 Td (two methods provides a reasonably comprehensive summary of the levels of interest-rate risk of Customers' exposure to time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.85 Td (factors and changes in interest-rate environments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.85 Td (Income simulation modeling is used to measure interest-rate sensitivity and manage interest-rate risk. Income simulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.85 Td (considers not only the impact of changing market interest rates upon forecasted net interest income but also other factors such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.85 Td (as yield-curve relationships, the volume and mix of assets and liabilities, customer preferences and general market conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.85 Td (Through the use of income simulation modeling, Customers has estimated the net interest income for the year ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.85 Td (December31, 2018, based upon the assets, liabilities and of) Tj ET Q q 0 0 0 rg BT 289.20 86.85 Td (f-balance-sheet financial instruments in existence at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.12 86.85 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.85 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 74.85 Td (. Customers has also estimated changes to that estimated net interest income based upon interest rates rising or falling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.85 Td (immediately \(rate shocks\). For upward rate shocks modeling a rising rate environment, current market interest rates were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 50.85 Td (increased immediately by 100, 200 and 300 basis points. For downward rate shocks modeling a falling rate environment, ) Tj ET Q endstream endobj 193 0 obj <> endobj 194 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (current market rates were only decreased immediately by 100 basis points due to the limitations of the current low-interest-rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (environment that renders the down-200 and down-300 rate shocks impractical. ) Tj ET Q q 0 0 0 rg BT 369.73 730.10 Td (The downward rate shocks modeled will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (revisited in the future if necessary and will be contingent upon additional Federal Reserve interest-rate hikes. ) Tj ET Q q 0 0 0 rg BT 490.79 718.10 Td (The following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (table reflects the estimated percentage change in estimated net interest income for the year ending December31, 2018, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (resulting from changes in interest rates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (Net change in net inter) Tj ET Q q 0 0 0 rg BT 147.03 664.10 Td (est income) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 630.60 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 630.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 600.60 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 600.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 630.6 m 562.5 630.6 l s BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 633.9333984375 m 102.716796875 633.9333984375 l s q 0 0 0 rg BT 53.00 635.27 Td (Rate Shocks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.30 644.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.20 634.17 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.17 Td (Up 3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 620.27 Td (\(10.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 620.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 606.17 Td (Up 2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 605.27 Td (\(4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 605.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 591.17 Td (Up 1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 590.27 Td (\(0.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 590.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 576.17 Td (Down 1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 575.27 Td (\(4.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 575.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (The net changes in net interest income in all scenarios are within Customers Bank) Tj ET Q q 0 0 0 rg BT 380.74 547.10 Td (s interest-rate risk policy guidelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (Economic value of equity \(EVE\) estimates the discounted present value of asset and liability cash flows. Discount rates are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (based upon market prices for comparable assets and liabilities. Upward and downward rate shocks are used to measure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (volatility of EVE in relation to a constant rate environment. For upward rate shocks modeling a rising rate environment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (current market interest rates were increased immediately by 100, 200 and 300 basis points. For downward rate shocks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (modeling a falling rate environment, current market rates were only decreased immediately by 100 basis points due to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (limitations of the current low-interest-rate environment that renders the down-200 and down-300 rate shocks impractical. ) Tj ET Q q 0 0 0 rg BT 539.95 463.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (downward rate shocks modeled will be revisited in the future if necessary and will be contingent upon additional Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (Reserve interest-rate hikes. ) Tj ET Q q 0 0 0 rg BT 163.38 439.10 Td (This method of measurement primarily evaluates the longer) Tj ET Q q 0 0 0 rg BT 402.28 439.10 Td (-term repricing risks and options in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (Customers Bank) Tj ET Q q 0 0 0 rg BT 119.17 427.10 Td (s balance sheet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (The following table reflects the estimated EVE at risk and the ratio of EVE to EVE adjusted assets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.82 403.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.41 403.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (resulting from the referenced shocks to interest rates.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 376.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.20 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 351.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 321.20 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 321.20 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 351.2 m 562.5 351.2 l s BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 53 354.5333984375 m 102.716796875 354.5333984375 l s q 0 0 0 rg BT 53.00 355.87 Td (Rate Shocks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 355.87 Td (Frombase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 341.77 Td (Up 3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 340.87 Td (\(24.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 340.87 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 326.77 Td (Up 2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 325.87 Td (\(14.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 325.87 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 311.77 Td (Up 1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 310.87 Td (\(5.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 310.87 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 296.77 Td (Down 1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 295.87 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 295.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.70 Td (The net changes in economic value of equity in all scenarios are within Customers Bank) Tj ET Q q 0 0 0 rg BT 406.01 267.70 Td (s interest-rate risk policy guidelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.70 Td (The matching of assets and liabilities may also be analyzed by examining the extent to which such assets and liabilities are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.70 Td (interest-rate sensitive and by monitoring a bank) Tj ET Q q 0 0 0 rg BT 243.28 231.70 Td (s interest-rate sensitivity gap. ) Tj ET Q q 0 0 0 rg BT 373.80 231.70 Td (An asset or liability is considered interest-rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.70 Td (sensitive within a specific time period if it will mature or reprice within that time period. ) Tj ET Q q 0 0 0 rg BT 409.17 219.70 Td (The interest-rate sensitivity gap is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.70 Td (defined as the dif) Tj ET Q q 0 0 0 rg BT 118.96 207.70 Td (ference between the amount of interest-earning assets maturing or repricing within a specific time period and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.70 Td (the amount of interest-bearing liabilities maturing or repricing within that time period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.70 Td (The following table sets forth the amounts of interest-earning assets and interest-bearing liabilities outstanding at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.60 171.70 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.70 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 159.70 Td (, that are anticipated, based upon certain assumptions, to reprice or mature in each of the future time periods shown. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.70 Td (Except as stated below) Tj ET Q q 0 0 0 rg BT 140.71 147.70 Td (, the amount of assets and liabilities shown that reprice or mature during a particular period were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.70 Td (determined in accordance with the earlier of term to repricing or the contractual maturity of the asset or liability) Tj ET Q q 0 0 0 rg BT 496.40 135.70 Td (. ) Tj ET Q q 0 0 0 rg BT 503.72 135.70 Td (The table sets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.70 Td (forth an approximation of the projected repricing of assets and liabilities at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.57 123.70 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.16 123.70 Td (, on the basis of contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.70 Td (maturities, anticipated prepayments and scheduled rate adjustments within a three-month period and subsequent selected time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.70 Td (intervals. ) Tj ET Q q 0 0 0 rg BT 91.75 99.70 Td (The loan amounts in the table reflect principal balances expected to be repaid and/or repriced as a result of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.70 Td (contractual amortization and anticipated prepayments of adjustable and fixed-rate loans and as a result of contractual-rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.70 Td (adjustments on adjustable-rate loans.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 61.30 Td () Tj ET Q endstream endobj 195 0 obj <> endobj 196 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (96) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 693.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 693.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 693.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 693.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 693.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 693.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 693.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 693.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 659.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 659.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 659.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 659.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 659.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 659.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 659.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 659.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 659.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 659.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 659.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 659.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 659.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 659.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 633.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 633.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 633.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 633.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 633.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 633.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 633.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 633.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 633.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 633.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 633.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 633.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 633.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 633.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 607.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 607.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 607.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 607.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 607.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 607.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 607.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 607.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 607.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 607.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 607.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 607.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 607.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 607.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 581.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 581.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 581.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 581.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 581.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 581.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 581.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 581.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 581.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 581.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 581.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 581.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 581.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 581.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 555.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 555.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 555.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 555.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 555.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 555.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 555.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 555.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 555.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 555.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 555.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 555.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 555.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 555.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 529.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 529.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 529.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 529.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 529.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 529.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 529.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 529.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 529.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 529.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 529.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 529.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 529.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 529.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 503.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 503.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 503.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 503.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 503.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 503.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 503.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 503.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 503.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 503.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 503.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 503.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 503.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 503.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 477.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 477.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 477.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 477.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 477.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 477.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 477.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 477.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 477.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 477.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 477.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 477.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 477.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 477.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 451.50 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 451.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 451.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 451.50 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 451.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 451.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 451.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 451.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 451.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 451.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 451.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 451.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 451.50 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 451.50 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 417.50 137.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 417.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 417.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 417.50 51.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 417.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 417.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 417.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 417.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 417.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 417.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 417.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 417.50 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 417.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 417.50 50.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 727.5 m 187.5 727.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 706.5 m 237.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 706.5 m 292.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 706.5 m 346.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 706.5 m 400.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 706.5 m 454.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 706.5 m 508.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 706.5 m 562.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 620.5 m 237.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 620.5 m 292.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 620.5 m 346.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 620.5 m 400.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 620.5 m 454.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 620.5 m 508.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 620.5 m 562.5 620.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 594.5 m 237.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 594.5 m 292.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 594.5 m 346.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 594.5 m 400.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 594.5 m 454.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 594.5 m 508.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 594.5 m 562.5 594.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 581.5 m 237.5 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 581.5 m 292.5 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 581.5 m 346.5 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 581.5 m 400.5 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 581.5 m 454.5 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 581.5 m 508.5 581.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 582.5 m 562.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 580.5 m 562.5 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 516.5 m 237.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 516.5 m 292.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 516.5 m 346.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 516.5 m 400.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 516.5 m 454.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 516.5 m 508.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 516.5 m 562.5 516.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 477.5 m 562.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 477.5 m 237.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 465.5 m 237.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 463.5 m 237.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 477.5 m 292.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 465.5 m 292.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 463.5 m 292.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 477.5 m 346.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 465.5 m 346.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 463.5 m 346.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 477.5 m 400.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 465.5 m 400.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 463.5 m 400.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 477.5 m 454.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 465.5 m 454.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 463.5 m 454.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 477.5 m 508.5 477.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 465.5 m 508.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 463.5 m 508.5 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 465.5 m 562.5 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 463.5 m 562.5 463.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 739.75 Td (Balance Sheet Gap ) Tj ET Q q 0 0 0 rg BT 115.42 739.75 Td (Analysis at ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 731.75 Td (December31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 731.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 731.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 731.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 731.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 731.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 731.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 731.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 710.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.20 718.75 Td (3 months) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.65 710.75 Td (or less) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.35 718.75 Td (3 to 6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.70 710.75 Td (months) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.85 718.75 Td (6 to 12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.20 710.75 Td (months) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.85 718.75 Td (1 to 3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.55 710.75 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.85 718.75 Td (3 to 5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.55 710.75 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.00 718.75 Td (Over 5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.55 710.75 Td (years) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.80 710.75 Td (T) Tj ET Q q 0 0 0 rg BT 533.13 710.75 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 697.75 Td (\(dollars in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 685.45 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 672.45 Td (Interest-earning deposits and federal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 664.45 Td (funds sold) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 663.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.25 663.75 Td (125,935) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 663.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 663.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 663.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 663.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 663.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 663.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 663.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 663.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 663.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.30 663.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 663.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 663.75 Td (125,935) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 651.45 Td (Investment securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.25 650.75 Td (12,154) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.25 650.75 Td (1) Tj ET Q q 0 0 0 rg BT 267.25 650.75 Td (1,798) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.25 650.75 Td (22,623) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.25 650.75 Td (97,082) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 425.25 650.75 Td (74,377) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 650.75 Td (243,906) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 650.75 Td (461,940) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 638.45 Td (Loans \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 637.75 Td (3,356,615) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 637.75 Td (201,023) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.25 637.75 Td (408,842) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 637.75 Td (2,446,023) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.25 637.75 Td (1,979,297) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 637.75 Td (273,894) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 637.75 Td (8,665,694) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 625.45 Td (Other interest-earning assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.30 624.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 624.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 624.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 624.75 Td (109,767) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 624.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.30 624.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 624.75 Td (109,767) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 612.45 Td (T) Tj ET Q q 0 0 0 rg BT 57.33 612.45 Td (otal interest-earning assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 611.75 Td (3,494,704) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 611.75 Td (212,821) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.25 611.75 Td (431,465) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 611.75 Td (2,652,872) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.25 611.75 Td (2,053,674) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 611.75 Td (517,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 611.75 Td (9,363,336) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 599.45 Td (Non interest-earning assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.30 598.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 598.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 598.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 598.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 598.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 598.75 Td (443,256) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 598.75 Td (443,256) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 586.45 Td (T) Tj ET Q q 0 0 0 rg BT 57.33 586.45 Td (otal assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 585.75 Td (3,494,704) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 585.75 Td (212,821) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.25 585.75 Td (431,465) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 585.75 Td (2,652,872) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.25 585.75 Td (2,053,674) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 585.75 Td (961,056) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 585.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 585.75 Td (9,806,592) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 573.45 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 560.45 Td (Other interest-bearing deposits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.25 559.75 Td (200,948) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 559.75 Td (190,905) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.25 559.75 Td (353,699) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 559.75 Td (1,102,795) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.25 559.75 Td (591,423) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.25 559.75 Td (1,414,085) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 559.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 559.75 Td (3,853,855) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 547.45 Td (T) Tj ET Q q 0 0 0 rg BT 57.61 547.45 Td (ime deposits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.25 546.75 Td (398,592) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 546.75 Td (717,389) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.25 546.75 Td (349,553) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 546.75 Td (331,012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.25 546.75 Td (109,147) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.30 546.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 546.75 Td (1,905,693) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 534.45 Td (Other borrowings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 533.75 Td (1,661,860) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 533.75 Td (105,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 533.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 533.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 533.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.30 533.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 533.75 Td (1,766,860) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 521.45 Td (Subordinated debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.30 520.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 520.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 520.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 520.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 520.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 520.75 Td (108,880) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 520.75 Td (108,880) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 508.45 Td (T) Tj ET Q q 0 0 0 rg BT 57.33 508.45 Td (otal interest-bearing liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 507.75 Td (2,261,400) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.25 507.75 Td (1,013,294) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.25 507.75 Td (703,252) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 507.75 Td (1,433,807) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.25 507.75 Td (700,570) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.25 507.75 Td (1,522,965) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 507.75 Td (7,635,288) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 495.45 Td (Non-interest-bearing liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.25 494.75 Td (28,979) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.25 494.75 Td (27,826) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.25 494.75 Td (52,372) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 494.75 Td (453,153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.25 494.75 Td (124,039) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.25 494.75 Td (448,428) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 494.75 Td (1,134,797) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 482.45 Td (Shareholders) Tj ET Q q 0 0 0 rg BT 96.84 482.45 Td ( equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.30 481.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 481.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 331.30 481.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 481.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 439.30 481.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.25 481.75 Td (1,036,507) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 481.75 Td (1,036,507) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 469.45 Td (T) Tj ET Q q 0 0 0 rg BT 57.33 469.45 Td (otal liabilities and shareholders) Tj ET Q q 0 0 0 rg BT 159.15 469.45 Td ( equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 468.75 Td (2,290,379) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.25 468.75 Td (1,041,120) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.25 468.75 Td (755,624) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 468.75 Td (1,886,960) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 421.25 468.75 Td (824,609) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.25 468.75 Td (3,007,900) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 468.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 468.75 Td (9,806,592) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 456.45 Td (Interest sensitivity gap) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 455.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 455.75 Td (1,204,325) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 455.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.60 455.75 Td (\(828,299) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.30 455.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 455.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.60 455.75 Td (\(324,159) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.30 455.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 455.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 455.75 Td (765,912) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 455.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.25 455.75 Td (1,229,065) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 455.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.60 455.75 Td (\(2,046,844) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 455.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 443.45 Td (Cumulative interest sensitivity gap) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 442.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 442.75 Td (376,026) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 442.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.25 442.75 Td (51,867) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 442.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 442.75 Td (817,779) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 442.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.25 442.75 Td (2,046,844) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 442.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.30 442.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 430.45 Td (Cumulative interest sensitivity gap to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 422.45 Td (total assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 216.25 421.75 Td (12.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.30 421.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.30 421.75 Td (3.8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.30 421.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 329.30 421.75 Td (0.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.30 421.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.30 421.75 Td (8.3) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 421.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.25 421.75 Td (20.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 421.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 491.30 421.75 Td (0.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 421.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 409.45 Td (Cumulative interest-earning assets to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 401.45 Td (cumulative interest-bearing liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.25 400.75 Td (154.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.30 400.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.25 400.75 Td (1) Tj ET Q q 0 0 0 rg BT 271.25 400.75 Td (13.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.30 400.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.25 400.75 Td (104.0) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.30 400.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.25 400.75 Td (125.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 400.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 429.25 400.75 Td (144.7) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.30 400.75 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.25 400.75 Td (122.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 400.75 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 385.00 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 385.00 Td (Includes loans held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.00 Td (As shown above, Customers has a positive cumulative gap \(cumulative interest-sensitive assets are higher than cumulative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.00 Td (interest-sensitive liabilities\) within the next year) Tj ET Q q 0 0 0 rg BT 242.60 349.00 Td (, which generally indicates that an increase in rates may lead to an increase in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.00 Td (net interest income, and a decrease in rates may lead to a decrease in net interest income. Interest-rate-sensitivity gap analysis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.00 Td (measures whether assets or liabilities may reprice but does not capture the ability to reprice or the range of potential repricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.00 Td (on assets or liabilities. ) Tj ET Q q 0 0 0 rg BT 143.70 313.00 Td (Thus, indications based on a negative or positive gap position need to be analyzed in conjunction with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.00 Td (other interest-rate risk management tools.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.00 Td (Management believes that the assumptions and combination of methods utilized in evaluating estimated net interest income are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.00 Td (reasonable. However) Tj ET Q q 0 0 0 rg BT 136.50 265.00 Td (, the interest-rate sensitivity of our assets, liabilities and of) Tj ET Q q 0 0 0 rg BT 369.88 265.00 Td (f-balance-sheet financial instruments, as well as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.00 Td (the estimated ef) Tj ET Q q 0 0 0 rg BT 113.13 253.00 Td (fect of changes in interest rates on estimated net interest income, could vary substantially if dif) Tj ET Q q 0 0 0 rg BT 491.71 253.00 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.00 Td (assumptions were to be used or actual experience were to dif) Tj ET Q q 0 0 0 rg BT 293.06 241.00 Td (fer from the assumptions used in the model.) Tj ET Q endstream endobj 197 0 obj <> endobj 198 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (97) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item8. ) Tj ET Q q 0 0 0 rg BT 86.00 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (Financial Statements and Supplementary Data) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 122.50 674.85 Td () Tj ET Q /GS0 gs q 364.00 0 0 48.00 125.50 674.85 cm /I34 Do Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.55 650.85 Td (Financial statements for) Tj ET Q q 0 0 0 rg BT 310.68 650.85 Td ( the thr) Tj ET Q q 0 0 0 rg BT 342.16 650.85 Td (ee years ended) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.60 638.85 Td (December) Tj ET Q q 0 0 0 rg BT 275.73 638.85 Td (31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.23 638.85 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 318.23 638.85 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.23 638.85 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.35 638.85 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.35 638.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.85 Td (INDEX ) Tj ET Q q 0 0 0 rg BT 83.42 614.85 Td (T) Tj ET Q q 0 0 0 rg BT 89.35 614.85 Td (O CUST) Tj ET Q q 0 0 0 rg BT 124.45 614.85 Td (OMERS BANCORP) Tj ET Q q 0 0 0 rg BT 207.53 614.85 Td (, INC. FINANCIAL) Tj ET Q q 0 0 0 rg BT 288.27 614.85 Td ( ST) Tj ET Q q 0 0 0 rg BT 301.64 614.85 Td (A) Tj ET Q q 0 0 0 rg BT 307.75 614.85 Td (TEMENTS) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 600.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 580.52 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 0 rg BT 218.24 580.52 Td (Accounting Firm) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 565.52 Td (Report of Independent Registered Public ) Tj ET Q q 0 0 0 rg BT 218.24 565.52 Td (Accounting Firm on Internal Controls) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 550.52 Td (Consolidated Balance Sheets as of December31, 2017 and 2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 535.52 Td (Consolidated Statements of Income for the years ended December31, 2017, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 520.52 Td (Consolidated Statements of Comprehensive Income for the years ended December31, 2017, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 505.52 Td (Consolidated Statements of Changes In Shareholders) Tj ET Q q 0 0 0 rg BT 268.05 505.52 Td ( Equity for the years ended December 31, 2017, 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 495.52 Td (and 2015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 480.52 Td (Consolidated Statements of Cash Flows for the years ended December31, 2017, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 465.52 Td (Notes to Consolidated Financial Statements for the years ended December31, 2017, 2016 and 2015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 579.62 Td (98) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.00 564.62 Td (99) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 549.62 Td (100) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 534.62 Td (101) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 519.62 Td (102) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 494.62 Td (103) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 479.62 Td (104) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.00 464.62 Td (106) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 199 0 obj <> endobj 200 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (98) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.05 742.25 Td (Report of Independent Register) Tj ET Q q 0 0 0 rg BT 316.13 742.25 Td (ed Public ) Tj ET Q q 0 0 0 rg BT 357.81 742.25 Td (Accounting Firm) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 104.71 706.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.65 706.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 148.58 706.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.41 706.25 Td (Directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.84 682.25 Td (yomissing, Pennsylvania) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Opinion ) Tj ET Q q 0 0 0 rg BT 87.52 658.25 Td (on ) Tj ET Q q 0 0 0 rg BT 100.58 658.25 Td (the ) Tj ET Q q 0 0 0 rg BT 116.41 658.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 175.03 658.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 217.54 658.25 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 634.25 Td (e have audited the accompanying consolidated balance sheets of Customers Bancorp, Inc. \(the Company\) and subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (as of December 31, 2017 and 2016, the related consolidated statements of income, comprehensive income, shareholders) Tj ET Q q 0 0 0 rg BT 532.71 622.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (equity) Tj ET Q q 0 0 0 rg BT 74.35 610.25 Td (, and cash flows for each of the three years in the period ended December 31, 2017, and the related notes \(collectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (referred to as the consolidated financial statements\). In our opinion, the consolidated financial statements present fairly) Tj ET Q q 0 0 0 rg BT 534.45 598.25 Td (, in all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (material respects, the financial position of the Company and subsidiaries at December 31, 2017 and 2016, and the results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (their operations and their cash flows for each of the three years in the period ended December 31, 2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.34 574.25 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.84 574.25 Td ( in conformity with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (accounting principles generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 306.86 562.25 Td (America.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 538.25 Td (e also have audited, in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 367.44 538.25 Td (Accounting Oversight Board \(United States\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (\(PCAOB\), the Company's internal control over financial reporting as of December 31, 2017, based on criteria established in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 107.69 514.25 Td (ol - Integrated Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.77 514.25 Td ( issued by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 417.19 514.25 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 490.60 514.25 Td (T) Tj ET Q q 0 0 0 rg BT 496.35 514.25 Td (readway ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (Commission \(COSO\) and our report dated February 23, 2018 expressed an unqualified opinion thereon. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Basis ) Tj ET Q q 0 0 0 rg BT 74.73 478.25 Td (for) Tj ET Q q 0 0 0 rg BT 87.32 478.25 Td ( ) Tj ET Q q 0 0 0 rg BT 89.82 478.25 Td (Opinion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (These consolidated financial statements are the responsibility of the Company) Tj ET Q q 0 0 0 rg BT 365.19 454.25 Td (s management. Our responsibility is to express ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (an opinion on the Company) Tj ET Q q 0 0 0 rg BT 163.88 442.25 Td (s consolidated financial statements based on our audits. ) Tj ET Q q 0 0 0 rg BT 387.81 442.25 Td (W) Tj ET Q q 0 0 0 rg BT 396.45 442.25 Td (e are a public accounting firm registered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 394.25 Td (e conducted our audits in accordance with the standards of the PCAOB. ) Tj ET Q q 0 0 0 rg BT 348.10 394.25 Td (Those standards require that we plan and perform the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (whether due to error or fraud. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (presentation of the consolidated financial statements. ) Tj ET Q q 0 0 0 rg BT 264.47 298.25 Td (W) Tj ET Q q 0 0 0 rg BT 273.11 298.25 Td (e believe that our audits provide a reasonable basis for our opinion.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 61.95 238.25 Td (BDO ) Tj ET Q q 0 0 0 rg BT 85.56 238.25 Td (USA, ) Tj ET Q q 0 0 0 rg BT 110.57 238.25 Td (LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Philadelphia, ) Tj ET Q q 0 0 0 rg BT 104.99 226.25 Td (Pennsylvania) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (February ) Tj ET Q q 0 0 0 rg BT 88.60 214.25 Td (23, ) Tj ET Q q 0 0 0 rg BT 103.60 214.25 Td (2018) Tj ET Q endstream endobj 201 0 obj <> endobj 202 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (99) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.05 730.10 Td (Report of Independent Register) Tj ET Q q 0 0 0 rg BT 316.13 730.10 Td (ed Public ) Tj ET Q q 0 0 0 rg BT 357.81 730.10 Td (Accounting Firm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 104.71 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.65 694.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 148.58 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.41 694.10 Td (Directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.84 670.10 Td (yomissing, Pennsylvania) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Opinion ) Tj ET Q q 0 0 0 rg BT 87.52 646.10 Td (on ) Tj ET Q q 0 0 0 rg BT 100.58 646.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 138.08 646.10 Td (Contr) Tj ET Q q 0 0 0 rg BT 163.45 646.10 Td (ol ) Tj ET Q q 0 0 0 rg BT 173.73 646.10 Td (over) Tj ET Q q 0 0 0 rg BT 192.43 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.93 646.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 237.43 646.10 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 622.10 Td (e have audited Customers Bancorp, Inc.) Tj ET Q q 0 0 0 rg BT 221.09 622.10 Td (s \(the Company) Tj ET Q q 0 0 0 rg BT 291.63 622.10 Td (s\) internal control over financial reporting as of December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (2017, based on criteria established in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 200.79 610.10 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 258.48 610.10 Td (ol - Integrated Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.56 610.10 Td ( issued by the Committee of Sponsoring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Or) Tj ET Q q 0 0 0 rg BT 60.37 598.10 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 133.78 598.10 Td (T) Tj ET Q q 0 0 0 rg BT 139.54 598.10 Td (readway Commission \(the COSO criteria\). In our opinion, the Company maintained, in all material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (respects, ef) Tj ET Q q 0 0 0 rg BT 94.79 586.10 Td (fective internal control over financial reporting as of December 31, 2017, based on the COSO criteria) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 500.48 586.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 562.10 Td (e also have audited, in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 367.44 562.10 Td (Accounting Oversight Board \(United States\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (\(PCAOB\), the consolidated balance sheets of Customers Bancorp, Inc. \(the Company\) and subsidiaries as of December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (2017 and 2016, the related consolidated statements of income, comprehensive income, shareholders) Tj ET Q q 0 0 0 rg BT 452.47 538.10 Td ( equity) Tj ET Q q 0 0 0 rg BT 479.31 538.10 Td (, and cash flows for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (each of the three years in the period ended December 31, 2017, and the related notes and our report dated February 23, 2018 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (expressed an unqualified opinion thereon.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Basis ) Tj ET Q q 0 0 0 rg BT 74.73 490.10 Td (for) Tj ET Q q 0 0 0 rg BT 87.32 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.82 490.10 Td (Opinion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (The Company) Tj ET Q q 0 0 0 rg BT 109.71 466.10 Td (s management is responsible for maintaining ef) Tj ET Q q 0 0 0 rg BT 298.93 466.10 Td (fective internal control over financial reporting and for its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (assessment of the ef) Tj ET Q q 0 0 0 rg BT 130.07 454.10 Td (fectiveness of internal control over financial reporting, included in the accompanying Item 9A, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Management) Tj ET Q q 0 0 0 rg BT 104.98 442.10 Td (s Report on Internal Control over Financial Reporting. Our responsibility is to express an opinion on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 430.10 Td (s internal control over financial reporting based on our audit. ) Tj ET Q q 0 0 0 rg BT 337.24 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 345.88 430.10 Td (e are a public accounting firm registered with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (PCAOB and are required to be independent with respect to the Company in accordance with U.S. federal securities laws and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 382.10 Td (e conducted our audit of internal control over financial reporting in accordance with the standards of the PCAOB. ) Tj ET Q q 0 0 0 rg BT 515.81 382.10 Td (Those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (standards require that we plan and perform the audit to obtain reasonable assurance about whether ef) Tj ET Q q 0 0 0 rg BT 452.72 370.10 Td (fective internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (over financial reporting was maintained in all material respects. Our audit included obtaining an understanding of internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (operating ef) Tj ET Q q 0 0 0 rg BT 97.85 334.10 Td (fectiveness of internal control based on the assessed risk. Our audit also included performing such other procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (as we considered necessary in the circumstances. ) Tj ET Q q 0 0 0 rg BT 248.63 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 257.27 322.10 Td (e believe that our audit provides a reasonable basis for our opinion.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Definition ) Tj ET Q q 0 0 0 rg BT 95.28 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.90 298.10 Td (Limitations ) Tj ET Q q 0 0 0 rg BT 165.85 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.68 298.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 214.18 298.10 Td (Contr) Tj ET Q q 0 0 0 rg BT 239.55 298.10 Td (ol ) Tj ET Q q 0 0 0 rg BT 249.83 298.10 Td (over) Tj ET Q q 0 0 0 rg BT 268.53 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 271.03 298.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 313.53 298.10 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 274.10 Td ( company) Tj ET Q q 0 0 0 rg BT 98.60 274.10 Td (s internal control over financial reporting is a process designed to provide reasonable assurance regarding the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (accepted accounting principles. ) Tj ET Q q 0 0 0 rg BT 177.72 250.10 Td (A) Tj ET Q q 0 0 0 rg BT 184.39 250.10 Td ( company) Tj ET Q q 0 0 0 rg BT 226.33 250.10 Td (s internal control over financial reporting includes those policies and procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (that \(1\) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (dispositions of the assets of the company; \(2\) provide reasonable assurance that transactions are recorded as necessary to permit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (expenditures of the company are being made only in accordance with authorizations of management and directors of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (company; and \(3\) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (disposition of the company) Tj ET Q q 0 0 0 rg BT 161.38 178.10 Td (s assets that could have a material ef) Tj ET Q q 0 0 0 rg BT 306.97 178.10 Td (fect on the financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. ) Tj ET Q q 0 0 0 rg BT 518.20 154.10 Td (Also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (projections of any evaluation of ef) Tj ET Q q 0 0 0 rg BT 187.27 142.10 Td (fectiveness to future periods are subject to the risk that controls may become inadequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 61.95 106.10 Td (BDO ) Tj ET Q q 0 0 0 rg BT 85.56 106.10 Td (USA, ) Tj ET Q q 0 0 0 rg BT 110.57 106.10 Td (LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (Philadelphia, ) Tj ET Q q 0 0 0 rg BT 104.99 94.10 Td (Pennsylvania) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (February ) Tj ET Q q 0 0 0 rg BT 88.60 82.10 Td (23, ) Tj ET Q q 0 0 0 rg BT 103.60 82.10 Td (2018) Tj ET Q endstream endobj 203 0 obj <> endobj 204 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (100) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 742.95 Td (CUST) Tj ET Q q 0 0 0 rg BT 73.84 742.95 Td (OMERS BANCORP) Tj ET Q q 0 0 0 rg BT 152.77 742.95 Td (, INC. ) Tj ET Q q 0 0 0 rg BT 177.78 742.95 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 732.15 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 103.84 732.15 Td (TED BALANCE SHEETS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 721.35 Td (\(amounts in thousands, except share and per share data\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 683.85 378.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 683.85 65.00 -12.00 re f /GS0 gs 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1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 697.85 m 493.5 697.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 697.85 m 497.5 697.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 697.85 m 562.5 697.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 683.85 m 493.5 683.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 683.85 m 562.5 683.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 647.85 m 493.5 647.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 647.85 m 562.5 647.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 647.85 m 562.5 647.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 582.85 m 493.5 582.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 582.85 m 562.5 582.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 485.85 m 493.5 485.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 485.85 m 562.5 485.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 474.85 m 493.5 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0 i [] 0 d 0 J 0 j 3 M 428.5 176.85000000000002 m 493.5 176.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 174.85000000000002 m 493.5 174.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 176.85000000000002 m 562.5 176.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 174.85000000000002 m 562.5 174.85000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 702.10 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 702.11 Td (December 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 688.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 688.31 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.50 688.31 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 222.20 675.25 Td (ASSETS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 663.11 Td (Cash and due from banks) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 663.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 663.11 Td (20,388) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 663.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 663.11 Td (37,485) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 651.11 Td (Interest earning deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 651.11 Td (125,935) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 651.11 Td (227,224) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 113.00 639.11 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 639.11 Td (146,323) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 639.11 Td (264,709) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 627.11 Td (Investment securities available for sale, at fair value) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 627.11 Td (471,371) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 627.11 Td (493,474) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 615.11 Td (Loans held for sale \(includes $1,795,294 and $2,1) Tj ET Q q 0 0 0 rg BT 232.79 615.11 Td (17,510, respectively) Tj ET Q q 0 0 0 rg BT 305.06 615.11 Td (, at fair value\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.00 613.31 Td (1,939,485) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 613.31 Td (2,1) Tj ET Q q 0 0 0 rg BT 534.25 613.31 Td (17,510) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 600.11 Td (Loans receivable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.00 599.31 Td (6,768,258) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 599.31 Td (6,154,637) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 586.11 Td (Allowance for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.25 586.11 Td (\(38,015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 586.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.25 586.11 Td (\(37,315) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 586.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 113.00 574.11 Td (T) Tj ET Q q 0 0 0 rg BT 118.18 574.11 Td (otal loans receivable, net of allowance for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.00 574.11 Td (6,730,243) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 574.11 Td (6,1) Tj ET Q q 0 0 0 rg BT 534.25 574.11 Td (17,322) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 562.11 Td (FHLB, Federal Reserve Bank, and other restricted stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 562.11 Td (105,918) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 562.11 Td (68,408) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 550.11 Td (Accrued interest receivable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 550.11 Td (27,021) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 550.11 Td (23,690) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 538.11 Td (Bank premises and equipment, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 538.11 Td (1) Tj ET Q q 0 0 0 rg BT 469.75 538.11 Td (1,955) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 538.11 Td (12,769) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 526.11 Td (Bank-owned life insurance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 526.11 Td (257,720) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 526.11 Td (161,494) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 514.11 Td (Other real estate owned) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 514.11 Td (1,726) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 514.11 Td (3,108) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 501.11 Td (Goodwill and other intangibles) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 501.11 Td (16,295) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 501.11 Td (17,621) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 489.11 Td (Other assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 489.11 Td (131,498) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 489.11 Td (102,631) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 107.00 477.25 Td (T) Tj ET Q q 0 0 0 rg BT 112.18 477.25 Td (otal assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 477.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.00 477.11 Td (9,839,555) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 477.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 477.11 Td (9,382,736) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 142.05 465.25 Td (LIABILITIES ) Tj ET Q q 0 0 0 rg BT 199.33 465.25 Td (AND SHAREHOLDERS) Tj ET Q q 0 0 0 rg BT 298.43 465.25 Td ( EQUITY) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 453.11 Td (Liabilities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 441.11 Td (Deposits:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 429.11 Td (Demand, non-interest bearing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 429.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.00 429.11 Td (1,052,1) Tj ET Q q 0 0 0 rg BT 481.00 429.11 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 429.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 429.11 Td (966,058) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 417.11 Td (Interest bearing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.00 417.11 Td (5,748,027) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 417.11 Td (6,337,717) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 113.00 405.11 Td (T) Tj ET Q q 0 0 0 rg BT 118.18 405.11 Td (otal deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.00 405.11 Td (6,800,142) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 405.11 Td (7,303,775) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 393.11 Td (Federal funds purchased) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 393.11 Td (155,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 393.11 Td (83,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 381.11 Td (FHLB advances) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.00 381.11 Td (1,61) Tj ET Q q 0 0 0 rg BT 469.75 381.11 Td (1,860) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 381.11 Td (868,800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 369.11 Td (Other borrowings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 369.11 Td (186,497) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 369.11 Td (87,123) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 357.11 Td (Subordinated debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 357.11 Td (108,880) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 357.11 Td (108,783) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 345.11 Td (Accrued interest payable and other liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 345.11 Td (56,212) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 345.11 Td (75,383) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 113.00 333.11 Td (T) Tj ET Q q 0 0 0 rg BT 118.18 333.11 Td (otal liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.00 332.31 Td (8,918,591) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 332.31 Td (8,526,864) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 319.11 Td (Commitments and contingencies \(NOTE 18\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 307.11 Td (Shareholders) Tj ET Q q 0 0 0 rg BT 102.32 307.11 Td ( equity:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 295.11 Td (Preferred stock, par value $1.00 per share; liquidation preference $25.00 per share; 100,000,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 286.11 Td (shares authorized, 9,000,000 shares issued and outstanding as of December 31, 2017 and 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 284.31 Td (217,471) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 284.31 Td (217,471) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 271.11 Td (Common stock, par value $1.00 per share;200,000,000 sharesauthorized; 31,912,763 and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 262.11 Td (30,820,177shares issued as of December31, 2017 and 2016; 31,382,503 and 30,289,917 shares) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 253.11 Td (outstanding as of December31, 2017 and 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 254.31 Td (31,913) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 254.31 Td (30,820) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 241.11 Td (Additional paid in capital) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 241.11 Td (422,096) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 241.11 Td (427,008) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 229.11 Td (Retained earnings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 229.11 Td (258,076) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 229.11 Td (193,698) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 217.11 Td (Accumulated other comprehensive loss, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 217.11 Td (\(359) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 217.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 217.11 Td (\(4,892) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 217.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 205.11 Td (T) Tj ET Q q 0 0 0 rg BT 76.18 205.11 Td (reasury stock, at cost \(530,260 shares as of December 31, 2017 and 2016\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 204.31 Td (\(8,233) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 204.31 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 204.31 Td (\(8,233) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 204.31 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 113.00 191.11 Td (T) Tj ET Q q 0 0 0 rg BT 117.87 191.11 Td (otal shareholders) Tj ET Q q 0 0 0 rg BT 181.43 191.11 Td ( equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 191.11 Td (920,964) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 191.11 Td (855,872) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 131.00 179.25 Td (T) Tj ET Q q 0 0 0 rg BT 136.18 179.25 Td (otal liabilities and shar) Tj ET Q q 0 0 0 rg BT 223.78 179.25 Td (eholders) Tj ET Q q 0 0 0 rg BT 258.60 179.25 Td ( equity) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 179.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.00 179.11 Td (9,839,555) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 179.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 179.11 Td (9,382,736) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 153.55 Td (See accompanying notes to the consolidated financial statements.) 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0.9333333333333333 1 rg /GS0 gs 493.50 285.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 285.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 261.85 323.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 261.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 261.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 261.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 261.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 261.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 237.85 323.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 237.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 237.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 237.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 237.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 237.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 213.85 323.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 213.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 213.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 213.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 213.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 213.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 189.85 323.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 189.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 189.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 189.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 189.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 189.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 165.85 323.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 165.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 165.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 165.85 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 165.85 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 165.85 65.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 705.85 m 424.5 705.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 705.85 m 428.5 705.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 705.85 m 493.5 705.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 705.85 m 497.5 705.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 705.85 m 562.5 705.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 693.85 m 424.5 693.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 693.85 m 493.5 693.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 693.85 m 562.5 693.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 633.85 m 424.5 633.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 633.85 m 493.5 633.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 633.85 m 562.5 633.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 561.85 m 493.5 561.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 561.85 m 562.5 561.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 561.85 m 424.5 561.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 549.85 m 424.5 549.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 549.85 m 493.5 549.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 549.85 m 562.5 549.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 525.85 m 424.5 525.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 525.85 m 493.5 525.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 525.85 m 562.5 525.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 393.85 m 493.5 393.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 393.85 m 562.5 393.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 393.85 m 424.5 393.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 237.85000000000002 m 493.5 237.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 237.85000000000002 m 562.5 237.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 237.85000000000002 m 424.5 237.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 225.85000000000002 m 424.5 225.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 225.85000000000002 m 493.5 225.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 225.85000000000002 m 562.5 225.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 201.85000000000002 m 424.5 201.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 201.85000000000002 m 493.5 201.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 201.85000000000002 m 562.5 201.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 201.85000000000002 m 424.5 201.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 201.85000000000002 m 493.5 201.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 201.85000000000002 m 562.5 201.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 177.85000000000002 m 424.5 177.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 166.85000000000002 m 424.5 166.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 164.85000000000002 m 424.5 164.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 177.85000000000002 m 493.5 177.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 166.85000000000002 m 493.5 166.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 164.85000000000002 m 493.5 164.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 177.85000000000002 m 562.5 177.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 166.85000000000002 m 562.5 166.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 164.85000000000002 m 562.5 164.85000000000002 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 63.00 709.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.60 709.11 Td (For the ) Tj ET Q q 0 0 0 rg BT 425.43 709.11 Td (Y) Tj ET Q q 0 0 0 rg BT 431.31 709.11 Td (ears Ended December31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 697.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 697.11 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 697.11 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.50 697.11 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 685.11 Td (Interest income:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 673.11 Td (Loans receivable, including fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 673.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 673.11 Td (266,539) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 673.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 673.11 Td (233,349) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 673.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 673.11 Td (182,280) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 661.11 Td (Loans held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 661.11 Td (73,397) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 661.11 Td (69,469) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 661.11 Td (51,553) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 649.11 Td (Investment securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 649.11 Td (25,153) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 649.11 Td (14,293) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 649.11 Td (10,405) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 637.11 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 637.11 Td (7,761) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 637.11 Td (5,428) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 637.11 Td (5,612) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 625.11 Td (T) Tj ET Q q 0 0 0 rg BT 104.18 625.11 Td (otal interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 625.11 Td (372,850) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 625.11 Td (322,539) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 625.11 Td (249,850) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 613.11 Td (Interest expense:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 601.11 Td (Deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 601.11 Td (67,582) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 601.11 Td (48,268) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 601.11 Td (33,982) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 589.11 Td (Other borrowings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 589.11 Td (10,056) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 589.11 Td (6,438) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 589.11 Td (6,096) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 577.11 Td (FHLB advances) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 577.11 Td (21,130) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 577.11 Td (1) Tj ET Q q 0 0 0 rg BT 469.75 577.11 Td (1,597) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 577.11 Td (6,743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 565.11 Td (Subordinated debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 565.11 Td (6,739) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 565.11 Td (6,739) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 565.11 Td (6,739) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 553.11 Td (T) Tj ET Q q 0 0 0 rg BT 104.18 553.11 Td (otal interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 553.11 Td (105,507) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 553.11 Td (73,042) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 553.11 Td (53,560) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 541.11 Td (Net interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 541.11 Td (267,343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 541.11 Td (249,497) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 541.11 Td (196,290) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 529.11 Td (Provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 529.11 Td (6,768) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 529.11 Td (3,041) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 529.11 Td (20,566) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 75.00 517.11 Td (Net interest income after provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 517.11 Td (260,575) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 517.11 Td (246,456) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 517.11 Td (175,724) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 505.11 Td (Non-interest income:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 493.11 Td (Interchange and card revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 493.11 Td (41,509) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 493.11 Td (24,681) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 493.11 Td (557) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 481.11 Td (Deposit fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 481.11 Td (10,039) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 481.11 Td (8,067) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 481.11 Td (944) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 469.11 Td (Mortgage warehouse transactional fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 469.11 Td (9,345) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 469.11 Td (1) Tj ET Q q 0 0 0 rg BT 469.75 469.11 Td (1,547) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 469.11 Td (10,394) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 457.11 Td (Gain \(loss\) on sale of investment securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 457.11 Td (8,800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 481.00 457.11 Td (25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.00 457.11 Td (\(85) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 457.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 445.11 Td (Bank-owned life insurance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 445.11 Td (7,219) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 445.11 Td (4,736) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 445.11 Td (7,006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 433.11 Td (Gains on sale of SBA) Tj ET Q q 0 0 0 rg BT 134.75 433.11 Td ( and other loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 433.11 Td (4,223) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 433.11 Td (3,685) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 433.11 Td (4,047) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 421.11 Td (Mortgage banking income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 421.11 Td (875) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.50 421.11 Td (969) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 421.11 Td (741) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 409.11 Td (Impairment loss on investment securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.25 409.11 Td (\(12,934) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 409.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 409.11 Td (\(7,262) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 409.11 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 409.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 397.11 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 397.11 Td (9,834) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 397.11 Td (9,922) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 397.11 Td (4,1) Tj ET Q q 0 0 0 rg BT 550.00 397.11 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 385.11 Td (T) Tj ET Q q 0 0 0 rg BT 104.18 385.11 Td (otal non-interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 385.11 Td (78,910) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 385.11 Td (56,370) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 385.11 Td (27,717) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 373.11 Td (Non-interest expense:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 361.11 Td (Salaries and employee benefits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 361.11 Td (95,518) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 361.11 Td (80,641) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 361.11 Td (58,777) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 349.11 Td (T) Tj ET Q q 0 0 0 rg BT 62.18 349.11 Td (echnology) Tj ET Q q 0 0 0 rg BT 99.07 349.11 Td (, communication and bank operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 349.11 Td (45,885) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 349.11 Td (26,839) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 349.11 Td (10,596) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 337.11 Td (Professional services) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 337.11 Td (28,051) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 337.11 Td (20,684) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 337.11 Td (1) Tj ET Q q 0 0 0 rg BT 538.75 337.11 Td (1,042) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 325.11 Td (Occupancy) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 325.11 Td (1) Tj ET Q q 0 0 0 rg BT 400.75 325.11 Td (1,161) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 325.11 Td (10,327) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 325.11 Td (8,668) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 313.11 Td (FDIC assessments, non-income taxes, and regulatory fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 313.11 Td (7,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 313.11 Td (13,097) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 313.11 Td (10,728) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 301.11 Td (Provision for operating losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 301.11 Td (6,435) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 301.11 Td (3,517) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 301.11 Td (140) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 289.11 Td (Loan workout) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 289.11 Td (2,366) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 289.11 Td (2,063) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 289.11 Td (1,127) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 277.11 Td (Advertising and promotion) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 277.11 Td (1,470) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 277.11 Td (1,549) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 277.11 Td (1,475) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 265.11 Td (Other real estate owned) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 265.11 Td (570) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 265.11 Td (1,953) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 265.11 Td (2,516) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 253.11 Td (Mer) Tj ET Q q 0 0 0 rg BT 71.91 253.11 Td (ger and acquisition related expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 253.11 Td (410) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 253.11 Td (1,195) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 253.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 241.11 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 241.11 Td (15,834) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 241.11 Td (16,366) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 241.11 Td (9,877) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 229.11 Td (T) Tj ET Q q 0 0 0 rg BT 104.18 229.11 Td (otal non-interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 229.11 Td (215,606) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 229.11 Td (178,231) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 229.11 Td (1) Tj ET Q q 0 0 0 rg BT 534.25 229.11 Td (14,946) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 99.00 217.11 Td (Income before income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.75 217.11 Td (123,879) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.75 217.11 Td (124,595) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 217.11 Td (88,495) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 57.00 205.11 Td (Income tax expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 205.11 Td (45,042) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 205.11 Td (45,893) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 205.11 Td (29,912) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.00 193.25 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 193.11 Td (78,837) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 193.11 Td (78,702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 193.11 Td (58,583) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.00 181.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 78.41 181.25 Td (eferr) Tj ET Q q 0 0 0 rg BT 97.22 181.25 Td (ed stock dividends) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 181.11 Td (14,459) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 181.11 Td (9,515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 181.11 Td (2,493) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 69.00 169.25 Td (Net income available to common shar) Tj ET Q q 0 0 0 rg BT 213.07 169.25 Td (eholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 169.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 169.11 Td (64,378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 169.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 169.11 Td (69,187) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 169.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 169.11 Td (56,090) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 157.11 Td (Basic earnings per common share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 157.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.25 157.11 Td (2.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 157.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 157.11 Td (2.51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 157.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.25 157.11 Td (2.09) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 39.00 145.11 Td (Diluted earnings per common share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 145.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.25 145.11 Td (1.97) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 145.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.25 145.11 Td (2.31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 145.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.25 145.11 Td (1.96) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 36.00 119.55 Td (See accompanying notes to the consolidated financial statements.) Tj ET Q endstream endobj 207 0 obj <> endobj 208 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (102) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 742.95 Td (CUST) Tj ET Q q 0 0 0 rg BT 73.84 742.95 Td (OMERS BANCORP) Tj ET Q q 0 0 0 rg BT 152.77 742.95 Td (, INC. ) Tj ET Q q 0 0 0 rg BT 177.78 742.95 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 732.15 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 103.84 732.15 Td (TED ST) Tj ET Q q 0 0 0 rg BT 134.94 732.15 Td (A) Tj ET Q q 0 0 0 rg BT 140.77 732.15 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 199.19 732.15 Td ( COMPREHENSIVE INCOME) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 721.35 Td (\(amounts in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 710.55 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 666.05 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 666.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 666.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 666.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 666.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 666.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 636.05 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 636.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 636.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 636.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 636.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 636.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 606.05 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 606.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 606.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 606.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 606.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 606.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 576.05 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 576.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 576.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 576.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 576.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 576.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 546.05 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 546.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 546.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 546.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 546.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 546.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 516.05 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 516.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 516.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 516.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 516.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 516.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 486.05 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 486.05 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 486.05 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 486.05 65.00 -15.00 re f /GS0 gs 0.8 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0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 666.05 m 424.5 666.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 666.05 m 493.5 666.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 666.05 m 562.5 666.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 576.05 m 424.5 576.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 576.05 m 493.5 576.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 576.05 m 562.5 576.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 486.05 m 424.5 486.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 486.05 m 493.5 486.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 486.05 m 562.5 486.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 471.05 m 424.5 471.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 486.05 m 493.5 486.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 471.05 m 493.5 471.05 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 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rg BT 53.00 686.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.60 686.51 Td (For the ) Tj ET Q q 0 0 0 rg BT 425.43 686.51 Td (Y) Tj ET Q q 0 0 0 rg BT 431.31 686.51 Td (ears Ended December31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 670.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 670.51 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 670.51 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.50 670.51 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 657.31 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 655.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 655.51 Td (78,837) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 655.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 655.51 Td (78,702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 655.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 655.51 Td (58,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 642.31 Td (Unrealized gains \(losses\) on available-for) Tj ET Q q 0 0 0 rg BT 202.85 642.31 Td (-sale securities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 627.31 Td (Unrealized gains \(losses\) arising during the period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 625.51 Td (12,266) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 625.51 Td (\(3,335) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 625.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 531.25 625.51 Td (\(10,140) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 625.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 612.31 Td (Income tax ef) Tj ET Q q 0 0 0 rg BT 138.39 612.31 Td (fect) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.75 610.51 Td (\(4,378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 610.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 610.51 Td (1,317) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.75 610.51 Td (3,759) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 597.31 Td (Reclassification adjustments for \(gains\) losses included in net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.75 595.51 Td (\(8,800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 595.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 595.51 Td (7,237) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 595.51 Td (85) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 582.31 Td (Income tax ef) Tj ET Q q 0 0 0 rg BT 138.39 582.31 Td (fect) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 580.51 Td (3,432) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 580.51 Td (\(2,714) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 580.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 547.00 580.51 Td (\(32) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 580.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 567.31 Td (Net unrealized gains \(losses\) on available-for) Tj ET Q q 0 0 0 rg BT 234.10 567.31 Td (-sale securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 565.51 Td (2,520) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 565.51 Td (2,505) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 565.51 Td (\(6,328) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 565.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 552.31 Td (Unrealized gains \(losses\) on cash flow hedges:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 537.31 Td (Unrealized gains \(losses\) arising during the period) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 535.51 Td (666) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.75 535.51 Td (\(1,093) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 535.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 535.51 Td (\(2,532) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 535.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 522.31 Td (Income tax ef) Tj ET Q q 0 0 0 rg BT 138.39 522.31 Td (fect) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.50 520.51 Td (\(260) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 520.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.50 520.51 Td (464) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.50 520.51 Td (998) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 507.31 Td (Reclassification adjustment for losses included in net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 505.51 Td (2,634) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 505.51 Td (1,946) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 550.00 505.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 492.31 Td (Income tax ef) Tj ET Q q 0 0 0 rg BT 138.31 492.31 Td (fect) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.75 490.51 Td (\(1,027) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 421.00 490.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 490.51 Td (\(730) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.00 490.51 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 550.00 490.50 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 477.31 Td (Net unrealized gains \(losses\) on cash flow hedges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 475.51 Td (2,013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.50 475.51 Td (587) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 475.51 Td (\(1,534) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 475.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 462.31 Td (Other comprehensive income \(loss\), net of income tax ef) Tj ET Q q 0 0 0 rg BT 257.52 462.31 Td (fect) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 460.51 Td (4,533) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.75 460.51 Td (3,092) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.75 460.51 Td (\(7,862) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.00 460.51 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 447.45 Td (Compr) Tj ET Q q 0 0 0 rg BT 80.33 447.45 Td (ehensive income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 445.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.25 445.51 Td (83,370) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 431.00 445.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 445.51 Td (81,794) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.00 445.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 445.51 Td (50,721) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 418.75 Td (See accompanying notes to the consolidated financial statements.) Tj ET Q endstream endobj 209 0 obj <> endobj 210 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (103) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 742.95 Td (CUST) Tj ET Q q 0 0 0 rg BT 73.84 742.95 Td (OMERS BANCORP) Tj ET Q q 0 0 0 rg BT 152.77 742.95 Td (, INC. ) Tj ET Q q 0 0 0 rg BT 177.78 742.95 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 732.15 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 103.84 732.15 Td (TED ST) Tj ET Q q 0 0 0 rg BT 134.94 732.15 Td (A) Tj ET Q q 0 0 0 rg BT 140.77 732.15 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 199.19 732.15 Td ( CHANGES IN SHAREHOLDERS) Tj ET Q q 0 0 0 rg BT 337.80 732.15 Td ( EQUITY) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 50.00 721.35 Td (For) Tj ET Q q 0 0 0 rg BT 63.83 721.35 Td ( the ) Tj ET Q q 0 0 0 rg BT 79.99 721.35 Td (Y) Tj ET Q q 0 0 0 rg BT 85.49 721.35 Td (ears Ended ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 131.00 721.35 Td (December) Tj ET Q q 0 0 0 rg BT 169.81 721.35 Td (31, 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 203.56 721.35 Td (, ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 208.06 721.35 Td (2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 226.06 721.35 Td ( and ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 245.07 721.35 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 263.07 721.35 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 710.55 Td (\(amounts in thousands, except share data\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 33.00 650.05 85.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.00 650.05 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.00 650.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 172.00 650.05 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 650.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 650.05 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 650.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 650.05 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 650.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 650.05 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 650.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 650.05 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 650.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 650.05 64.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 650.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 650.05 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 650.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 650.05 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 33.00 609.05 85.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.00 609.05 50.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.00 609.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 172.00 609.05 45.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 609.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 609.05 50.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 609.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 609.05 45.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 609.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 609.05 45.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 609.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 609.05 45.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 609.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 609.05 64.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 609.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 609.05 40.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 609.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 609.05 44.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 33.00 558.05 85.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.00 558.05 50.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.00 558.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 172.00 558.05 45.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 558.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 558.05 50.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 558.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 558.05 45.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 558.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 558.05 45.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 558.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 558.05 45.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 558.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 558.05 64.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 558.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 558.05 40.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 558.05 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 558.05 44.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 33.00 518.05 85.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.00 518.05 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.00 518.05 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 172.00 518.05 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 518.05 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 518.05 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 518.05 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 518.05 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 518.05 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 518.05 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 518.05 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 518.05 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 518.05 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 518.05 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 518.05 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 518.05 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 518.05 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 518.05 44.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 33.00 467.05 85.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.00 467.05 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.00 467.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 172.00 467.05 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 467.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 467.05 50.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 467.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 467.05 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 467.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 467.05 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 467.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 467.05 45.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 467.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 467.05 64.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 467.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 467.05 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 467.05 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 467.05 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 33.00 433.05 85.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.00 433.05 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.00 433.05 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 172.00 433.05 45.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 217.00 433.05 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.00 433.05 50.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.00 433.05 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 433.05 45.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 433.05 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.00 433.05 45.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 369.00 433.05 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.00 433.05 45.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.00 433.05 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 433.05 64.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.00 433.05 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.00 433.05 40.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 433.05 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 433.05 44.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 33.00 373.05 85.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 118.00 373.05 50.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 168.00 373.05 4.00 -33.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 172.00 373.05 45.00 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(Accumulated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.25 670.31 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.25 661.31 Td (Comprehensive) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.35 652.36 Td (Income \(Loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.65 663.51 Td (T) Tj ET Q q 0 0 0 rg BT 498.83 663.51 Td (reasury) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.20 654.51 Td (Stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.30 654.51 Td (T) Tj ET Q q 0 0 0 rg BT 551.17 654.51 Td (otal) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 35.50 641.45 Td (Balance, December) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 35.50 632.45 Td (31, 2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.50 633.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 174.50 633.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 633.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.00 633.51 Td (26,745,529) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 633.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.75 633.51 Td (27,278) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.50 633.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.25 633.51 Td (355,822) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.50 633.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.75 633.51 Td (68,421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.50 633.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.00 633.51 Td (\(122) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 633.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.50 633.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.25 633.51 Td (\(8,254) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.50 633.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.50 633.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.25 633.51 Td (443,145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 613.51 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.50 613.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 613.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.50 613.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.50 613.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.50 613.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.75 613.51 Td (58,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 613.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 613.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.75 613.51 Td (58,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 600.31 Td (Other comprehensive ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 591.36 Td (loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.50 593.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 593.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.50 593.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.50 593.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.50 593.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.50 593.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.25 593.51 Td (\(7,862) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 593.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 593.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.25 593.51 Td (\(7,862) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 574.50 593.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 580.31 Td (Issuance of preferred ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 571.31 Td (stock, net of of) Tj ET Q q 0 0 0 rg BT 89.32 571.31 Td (fering ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 562.31 Td (costs of $1,931) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 128.50 562.51 Td (2,300,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.75 562.51 Td (55,569) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.50 562.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.50 562.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.50 562.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.50 562.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 562.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 562.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.75 562.51 Td (55,569) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 549.31 Td (Preferred stock ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 540.36 Td (dividends) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.50 542.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 542.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.50 542.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.50 542.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.50 542.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 542.51 Td (\(2,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.50 542.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 542.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 542.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.25 542.51 Td (\(2,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 574.50 542.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 529.31 Td (Share-based ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 520.36 Td (compensation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.50 522.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 522.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.50 522.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.50 522.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 522.51 Td (4,862) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.50 522.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 522.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 522.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 522.51 Td (4,862) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 509.31 Td (Exercise of warrants) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.50 509.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 509.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.25 509.31 Td (7,61) Tj ET Q q 0 0 0 rg BT 263.00 509.31 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 312.00 509.31 Td (8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.50 509.31 Td (90) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.50 509.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 509.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 509.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 565.50 509.31 Td (98) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 496.31 Td (Issuance of common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 487.31 Td (stock under share-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 478.31 Td (based-compensation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 469.36 Td (arrangements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.50 471.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 471.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.25 471.51 Td (148,661) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.00 471.51 Td (146) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.25 471.51 Td (1,833) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.50 471.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 471.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 471.51 Td (21) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 471.51 Td (2,000) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 35.50 458.45 Td (Balance, December) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 35.50 449.45 Td (31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 128.50 450.51 Td (2,300,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 188.75 450.51 Td (55,569) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.00 450.51 Td (26,901,801) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.75 450.51 Td (27,432) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.25 450.51 Td (362,607) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.25 450.51 Td (124,51) Tj ET Q q 0 0 0 rg BT 410.00 450.51 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.25 450.51 Td (\(7,984) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 450.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.25 450.51 Td (\(8,233) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.50 450.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.25 450.51 Td (553,902) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 437.31 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.50 437.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 437.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.50 437.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.50 437.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.50 437.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.75 437.31 Td (78,702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 437.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 437.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.75 437.31 Td (78,702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 417.51 Td (Other comprehensive ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 408.51 Td (income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.50 408.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 408.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.50 408.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.50 408.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.50 408.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.50 408.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.25 408.51 Td (3,092) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 408.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 408.51 Td (3,092) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 395.31 Td (Issuance of common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 386.31 Td (stock, net of of) Tj ET Q q 0 0 0 rg BT 89.32 386.31 Td (fering ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 377.31 Td (costs of $2,238) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.50 377.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 377.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.50 377.51 Td (2,641,677) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.25 377.51 Td (2,642) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 340.75 377.51 Td (61,389) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.50 377.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 377.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 377.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.75 377.51 Td (64,031) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 364.31 Td (Issuance of preferred ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 355.31 Td (stock, net of of) Tj ET Q q 0 0 0 rg BT 89.32 355.31 Td (fering ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 346.31 Td (costs of $5,598) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 128.50 344.51 Td (6,700,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 184.25 344.51 Td (161,902) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.50 344.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.50 344.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.50 344.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.50 344.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 344.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 344.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.25 344.51 Td (161,902) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 331.31 Td (Preferred stock ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 322.36 Td (dividends) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.50 324.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 324.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.50 324.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.50 324.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.50 324.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 324.51 Td (\(9,515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.50 324.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 324.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 324.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 551.25 324.51 Td (\(9,515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 574.50 324.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 311.31 Td (Share-based ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 302.36 Td (compensation 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Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.50 188.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.50 188.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.50 188.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.25 188.51 Td (4,533) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 188.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 188.51 Td (4,533) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 174.51 Td (Preferred stock ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 165.51 Td (dividends) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.50 165.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 165.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.50 165.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.50 165.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.50 165.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.75 165.51 Td (\(14,459) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.50 165.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 165.51 Td 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rg BT 155.50 132.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 132.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.75 132.31 Td (74,161) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.50 132.31 Td (74) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 352.00 132.31 Td (985) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.50 132.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.50 132.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 132.31 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 132.31 Td (1,059) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 119.31 Td (Issuance of common ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 110.31 Td (stock under share-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 101.31 Td (based-compensation ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 92.31 Td (arrangements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.50 93.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.50 93.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.50 93.51 Td 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71.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.75 71.51 Td (31,913) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.50 71.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.25 71.51 Td (422,096) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.50 71.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.25 71.51 Td (258,076) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 424.50 71.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.00 71.51 Td (\(359) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.50 71.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 492.50 71.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.25 71.51 Td (\(8,233) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.50 71.51 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.50 71.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.25 71.51 Td (920,964) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 50.00 44.75 Td (See accompanying notes to the consolidated financial statements.) 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0.9333333333333333 1 rg /GS0 gs 359.00 437.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 437.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 437.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 437.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 437.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 407.85 309.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 407.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 407.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 407.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 407.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 407.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 385.85 309.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 385.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 385.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 385.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 385.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 385.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 363.85 309.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 363.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 363.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 363.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 363.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 363.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 341.85 309.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 341.85 65.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 341.85 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 341.85 65.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 341.85 4.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 341.85 65.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 310.85 309.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 310.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 310.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 310.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 310.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 310.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 288.85 309.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 288.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 288.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 288.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 288.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 288.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 266.85 309.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 266.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 266.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 266.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 266.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 266.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 244.85 309.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 244.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 244.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 244.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 244.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 244.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 222.85 309.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 222.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 222.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 222.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 222.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 222.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 200.85 309.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 200.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 200.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 200.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 200.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 200.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 178.85 309.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 178.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 178.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 178.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 178.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 178.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 156.85 309.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 156.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 156.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 156.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 156.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 156.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 134.85 309.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 134.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 134.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 134.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 134.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 134.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 112.85 309.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 112.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 112.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 112.85 65.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 112.85 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 112.85 65.00 -11.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 704.85 m 424 704.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 704.85 m 428 704.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 704.85 m 493 704.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 704.85 m 497 704.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 704.85 m 562 704.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 691.85 m 424 691.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 691.85 m 493 691.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 691.85 m 562 691.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 459.85 m 424 459.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 459.85 m 493 459.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 459.85 m 562 459.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 266.85 m 424 266.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 266.85 m 493 266.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 266.85 m 562 266.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 266.85 m 424 266.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 266.85 m 493 266.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 266.85 m 562 266.85 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 134.85000000000002 m 424 134.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 134.85000000000002 m 493 134.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 134.85000000000002 m 562 134.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 123.85000000000002 m 424 123.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 123.85000000000002 m 493 123.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 123.85000000000002 m 562 123.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 112.85000000000002 m 424 112.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 112.85000000000002 m 493 112.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 112.85000000000002 m 562 112.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 101.85000000000002 m 424 101.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 101.85000000000002 m 493 101.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 101.85000000000002 m 562 101.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 90.85000000000002 m 424 90.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 88.85000000000002 m 424 88.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 90.85000000000002 m 493 90.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 88.85000000000002 m 493 88.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 90.85000000000002 m 562 90.85000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 88.85000000000002 m 562 88.85000000000002 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 709.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.10 709.11 Td (For the ) Tj ET Q q 0 0 0 rg BT 424.93 709.11 Td (Y) Tj ET Q q 0 0 0 rg BT 430.81 709.11 Td (ears Ended December31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 696.11 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 696.11 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.00 696.11 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.00 696.11 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 683.30 Td (Cash Flows fr) Tj ET Q q 0 0 0 rg BT 105.84 683.30 Td (om Operating ) Tj ET Q q 0 0 0 rg BT 161.33 683.30 Td (Activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 672.11 Td (Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 672.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 672.11 Td (78,837) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 672.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 672.11 Td (78,702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 672.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 672.11 Td (58,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 660.11 Td (Adjustments to reconcile net income to net cash \(used in\) provided by operating) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 651.11 Td (activities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 637.16 Td (Provision for loan losses, net of change to FDIC receivable and clawback liability) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 637.16 Td (6,768) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 637.16 Td (3,041) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 637.16 Td (20,566) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 626.16 Td (Depreciation and amortization) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 626.16 Td (10,801) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 626.16 Td (5,897) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 626.16 Td (3,998) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 616.16 Td (Share-based compensation expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 616.16 Td (7,167) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 616.16 Td (7,069) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 616.16 Td (5,661) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 605.16 Td (Deferred taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 605.16 Td (14,820) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.25 605.16 Td (\(2,579) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 605.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 605.16 Td (\(10,092) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 605.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 594.16 Td (Net amortization of investment securities premiums and discounts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 594.16 Td (702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 594.16 Td (891) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 594.16 Td (858) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 583.16 Td (\(Gain\) loss on sale of investment securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.25 583.16 Td (\(8,800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 583.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.50 583.16 Td (\(25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 583.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 583.16 Td (85) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 572.16 Td (Impairment loss on investment securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 572.16 Td (12,934) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 572.16 Td (7,262) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 572.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 561.16 Td (Gain on sale of SBA) Tj ET Q q 0 0 0 rg BT 132.74 561.16 Td ( and other loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.25 561.16 Td (\(4,898) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 561.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.25 561.16 Td (\(3,685) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 561.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 561.16 Td (\(4,479) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 561.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 550.16 Td (Origination of loans held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.00 550.16 Td (\(30,125,427) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 550.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 550.16 Td (\(36,130,924) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 550.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 550.16 Td (\(29,925,763) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 550.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 539.16 Td (Proceeds from the sale of loans held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 539.16 Td (30,448,318) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 539.16 Td (35,772,081) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.00 539.16 Td (29,504,104) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 528.16 Td (Decrease \(increase\) in FDIC loss sharing receivable net of clawback liability) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 528.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 528.16 Td (255) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 528.16 Td (\(2,430) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 528.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 517.16 Td (Amortization of fair value discounts and premiums) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 517.16 Td (88) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 517.16 Td (405) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 517.16 Td (832) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 506.16 Td (Net loss on sales of other real estate owned) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 506.16 Td (154) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 506.16 Td (130) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 506.16 Td (761) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 495.16 Td (V) Tj ET Q q 0 0 0 rg BT 64.50 495.16 Td (aluation and other adjustments to other real estate owned, net of FDIC) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 495.16 Td (298) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 495.16 Td (1,473) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 495.16 Td (992) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 484.16 Td (Earnings on investment in bank-owned life insurance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.25 484.16 Td (\(7,219) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 484.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.25 484.16 Td (\(4,736) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 484.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 484.16 Td (\(7,006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 484.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 473.16 Td (Increase in accrued interest receivable and other assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 473.16 Td (\(32,256) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 473.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.75 473.16 Td (\(1) Tj ET Q q 0 0 0 rg BT 469.25 473.16 Td (1,538) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 473.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 473.16 Td (\(12,024) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 473.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 462.16 Td (\(Decrease\) increase in accrued interest payable and other liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 462.16 Td (\(16,687) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 462.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 462.16 Td (5,819) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 462.16 Td (8,706) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 451.30 Td (Net Cash Pr) Tj ET Q q 0 0 0 rg BT 99.33 451.30 Td (ovided by \(Used in\) Operating ) Tj ET Q q 0 0 0 rg BT 217.09 451.30 Td (Activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 451.16 Td (385,600) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 451.16 Td (\(270,462) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 451.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 451.16 Td (\(356,648) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 451.16 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 440.30 Td (Cash Flows fr) Tj ET Q q 0 0 0 rg BT 105.84 440.30 Td (om Investing ) Tj ET Q q 0 0 0 rg BT 157.34 440.30 Td (Activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 429.16 Td (Purchases of investment securities available for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.25 429.16 Td (\(796,594) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 429.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.25 429.16 Td (\(5,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 429.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 429.16 Td (\(231,703) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 429.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 418.11 Td (Proceeds from maturities, calls and principal repayments on investment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 409.16 Td (securitiesavailable for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 412.31 Td (48,124) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 412.31 Td (64,701) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 412.31 Td (76,331) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 399.16 Td (Proceeds from sales of investment securities available for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 399.16 Td (769,203) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 399.16 Td (2,852) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 399.16 Td (806) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 388.16 Td (Net increase in loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.25 388.16 Td (\(960,372) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 388.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 388.16 Td (\(794,954) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 388.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.50 388.16 Td (\(1,341,133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 388.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 377.16 Td (Purchase of loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.25 377.16 Td (\(262,641) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 377.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 377.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 377.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 366.16 Td (Proceeds from sale of loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 366.16 Td (462,518) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 366.16 Td (133,104) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 366.16 Td (248,060) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 355.16 Td (Purchases of bank-owned life insurance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 355.16 Td (\(90,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 355.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 355.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 355.16 Td (\(15,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 355.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 344.16 Td (Proceeds from bank-owned life insurance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 344.16 Td (1,418) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 344.16 Td (619) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 344.16 Td (3,384) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 333.11 Td (Net \(purchases of\) proceeds from FHLB, Federal Reserve Bank, and other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 324.16 Td (restricted stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 326.31 Td (\(37,510) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 326.31 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 326.31 Td (22,433) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 326.31 Td (\(8,839) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 326.31 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 313.16 Td (\(Payments to\) reimbursements from the FDIC on loss sharing agreements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 313.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.25 313.16 Td (\(2,049) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 313.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 313.16 Td (3,917) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 302.16 Td (Purchases of leased assets under operating leases) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 302.16 Td (\(22,223) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 302.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 302.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 302.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 291.16 Td (Purchases of bank premises and equipment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.25 291.16 Td (\(2,135) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 291.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.25 291.16 Td (\(5,426) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 291.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 291.16 Td (\(2,939) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 291.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 280.16 Td (Proceeds from sales of other real estate owned) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 280.16 Td (1,680) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 280.16 Td (1,051) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 280.16 Td (8,890) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 269.16 Td (Acquisition of Disbursements business, net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 411.50 269.30 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.75 269.16 Td (\(17,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 269.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 269.16 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 258.30 Td (Net Cash Used in Investing ) Tj ET Q q 0 0 0 rg BT 158.27 258.30 Td (Activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.25 258.16 Td (\(888,532) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 258.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 258.16 Td (\(599,669) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 258.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.50 258.16 Td (\(1,258,226) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 258.16 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 247.30 Td (Cash Flows fr) Tj ET Q q 0 0 0 rg BT 105.84 247.30 Td (om Financing ) Tj ET Q q 0 0 0 rg BT 160.35 247.30 Td (Activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 236.16 Td (Net \(decrease\) increase in deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.25 236.16 Td (\(503,633) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 236.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.50 236.16 Td (1,394,276) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.50 236.16 Td (1,376,985) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 225.16 Td (Net increase \(decrease\) in short-term borrowed funds from the FHLB) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 225.16 Td (743,060) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.25 225.16 Td (\(831,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 225.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.75 225.16 Td (\(17,700) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 225.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 214.16 Td (Net increase in federal funds purchased) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 214.16 Td (72,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 214.16 Td (13,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 214.16 Td (70,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 203.16 Td (Proceeds from long-term FHLB borrowings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 203.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 203.16 Td (75,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 203.16 Td (25,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 192.16 Td (Proceeds from issuance of long-term debt) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 192.16 Td (98,564) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 192.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 192.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 181.16 Td (Net proceeds from issuance of preferred stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 181.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 181.16 Td (161,902) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 181.16 Td (55,569) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 170.16 Td (Preferred stock dividends paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 170.16 Td (\(14,459) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 170.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.25 170.16 Td (\(9,051) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 170.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 535.25 170.16 Td (\(2,314) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 170.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 159.16 Td (Exercise of warrants) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 159.16 Td (1,059) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.25 159.16 Td (1,532) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 159.16 Td (98) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 148.16 Td (Payment of employee taxes withheld from share-based awards) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.75 148.16 Td (\(14,761) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 148.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.25 148.16 Td (\(5,897) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.50 148.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 148.16 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 137.16 Td (Net proceeds from issuance of common stock) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.25 137.16 Td (2,716) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 137.16 Td (70,985) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.00 137.16 Td (806) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 126.30 Td (Net Cash Pr) Tj ET Q q 0 0 0 rg BT 99.33 126.30 Td (ovided by Financing ) Tj ET Q q 0 0 0 rg BT 179.10 126.30 Td (Activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 126.16 Td (384,546) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 126.16 Td (870,247) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.50 126.16 Td (1,508,444) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 115.30 Td (Net \(Decr) Tj ET Q q 0 0 0 rg BT 89.56 115.30 Td (ease\) Incr) Tj ET Q q 0 0 0 rg BT 127.13 115.30 Td (ease in Cash and Cash Equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.25 115.16 Td (\(1) Tj ET Q q 0 0 0 rg BT 395.75 115.16 Td (18,386) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 115.16 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 115.16 Td (1) Tj ET Q q 0 0 0 rg BT 480.50 115.16 Td (16) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.25 115.16 Td (\(106,430) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.50 115.16 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 104.30 Td (Cash and Cash Equivalents Beginning) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 104.16 Td (264,709) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 104.16 Td (264,593) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 104.16 Td (371,023) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 93.25 Td (Cash and Cash Equivalents Ending) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 93.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 93.11 Td (146,323) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 93.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 93.11 Td (264,709) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 93.11 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 93.11 Td (264,593) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.50 79.55 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 79.55 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 79.55 Td ( ) Tj ET Q q 0 0 0 rg BT 157.50 79.55 Td ( ) Tj ET Q q 0 0 0 rg BT 193.50 79.55 Td ( ) Tj ET Q q 0 0 0 rg BT 229.50 79.55 Td ( ) Tj ET Q q 0 0 0 rg BT 265.50 79.55 Td ( ) Tj ET Q q 0 0 0 rg BT 301.50 79.55 Td ( ) Tj ET Q q 0 0 0 rg BT 337.50 79.55 Td ( ) Tj ET Q q 0 0 0 rg BT 373.50 79.55 Td ( ) Tj ET Q q 0 0 0 rg BT 409.50 79.55 Td ( ) Tj ET Q q 0 0 0 rg BT 445.50 79.55 Td ( ) Tj ET Q q 0 0 0 rg BT 481.50 79.55 Td (\(continued\)) Tj ET Q endstream endobj 213 0 obj <> endobj 214 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 20.10 Td (105) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 716.20 Td (CUST) Tj ET Q q 0 0 0 rg BT 73.34 716.20 Td (OMERS BANCORP) Tj ET Q q 0 0 0 rg BT 152.27 716.20 Td (, INC. ) Tj ET Q q 0 0 0 rg BT 177.28 716.20 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 49.50 705.40 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 103.34 705.40 Td (TED ST) Tj ET Q q 0 0 0 rg BT 134.44 705.40 Td (A) Tj ET Q q 0 0 0 rg BT 140.27 705.40 Td (TEMENTS 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0 0 0 rg BT 451.00 651.56 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.00 651.56 Td (2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 638.70 Td (Supplementary Cash Flow Information) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 625.56 Td (Interest paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 625.56 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 625.56 Td (101,575) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 625.56 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 625.56 Td (71,216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 625.56 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 625.56 Td (51,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 613.56 Td (Income taxes paid) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 613.56 Td (40,282) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 613.56 Td (57,251) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 613.56 Td (38,734) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 601.70 Td (Non-cash Items:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 588.56 Td (T) Tj ET Q q 0 0 0 rg BT 75.84 588.56 Td (ransfer of loans to other real estate owned) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 588.56 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.00 588.56 Td (750) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.50 588.56 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 588.56 Td (703) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 588.56 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 588.56 Td (3,467) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 576.56 Td (T) Tj ET Q q 0 0 0 rg BT 75.84 576.56 Td (ransfer of loans from held for investment to held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 576.56 Td (150,638) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.50 576.56 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 576.56 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 564.56 Td (T) Tj ET Q q 0 0 0 rg BT 75.68 564.56 Td (ransfer of loans from held for sale to held for investment) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.50 564.56 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 564.56 Td (25,1) Tj ET Q q 0 0 0 rg BT 480.50 564.56 Td (18) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 564.56 Td (30,365) Tj ET Q BT /F1 10.00 Tf ET BT /F4 9.00 Tf ET q 0 0 0 rg BT 49.50 539.00 Td (See accompanying notes to the consolidated financial statements.) Tj ET Q endstream endobj 215 0 obj <> endobj 216 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (106) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (CUST) Tj ET Q q 0 0 0 rg BT 76.49 742.25 Td (OMERS BANCORP) Tj ET Q q 0 0 0 rg BT 164.19 742.25 Td (, INC. ) Tj ET Q q 0 0 0 rg BT 191.97 742.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (NOTES ) Tj ET Q q 0 0 0 rg BT 86.22 730.25 Td (T) Tj ET Q q 0 0 0 rg BT 92.71 730.25 Td (O CONSOLIDA) Tj ET Q q 0 0 0 rg BT 162.81 730.25 Td (TED FINANCIAL) Tj ET Q q 0 0 0 rg BT 241.99 730.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 255.98 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 262.46 730.25 Td (TEMENTS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (NOTE 1 DESCRIPTION OF) Tj ET Q q 0 0 0 rg BT 181.31 712.25 Td ( ) Tj ET Q q 0 0 0 rg BT 183.63 712.25 Td (THE BUSINESS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Customers Bancorp, Inc. \(the Bancorp or Customers Bancorp\) is a bank holding company engaged in banking activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (through its wholly owned subsidiary) Tj ET Q q 0 0 0 rg BT 195.45 682.25 Td (, Customers Bank \(the Bank\), collectively referred to as Customers herein. ) Tj ET Q q 0 0 0 rg BT 516.55 682.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (States \(U.S. GAAP\) and pursuant to the rules and regulations of the Securities and Exchange Commission \(SEC\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Customers Bancorp, Inc. and its wholly owned subsidiaries, Customers Bank, and non-bank subsidiaries, serve residents and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (businesses in Southeastern Pennsylvania \(Bucks, Berks, Chester) Tj ET Q q 0 0 0 rg BT 306.79 622.25 Td (, Philadelphia and Delaware Counties\); R) Tj ET Q q 0 0 0 rg BT 472.46 622.25 Td (ye Brook, New ) Tj ET Q q 0 0 0 rg BT 535.41 622.25 Td (Y) Tj ET Q q 0 0 0 rg BT 541.63 622.25 Td (ork ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (\(W) Tj ET Q q 0 0 0 rg BT 61.97 610.25 Td (estchester County\); Hamilton, New Jersey \(Mercer County\); Boston, Massachusetts; Providence, Rhode Island; Portsmouth, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (New Hampshire \(Rockingham County\); Manhattan and Melville, New ) Tj ET Q q 0 0 0 rg BT 334.84 598.25 Td (Y) Tj ET Q q 0 0 0 rg BT 341.06 598.25 Td (ork; and nationally for certain loan and deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (products. ) Tj ET Q q 0 0 0 rg BT 91.76 586.25 Td (The Bank has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.24 586.25 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.24 586.25 Td ( full-service branches and provides commercial banking products, primarily loans and deposits. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (addition, Customers Bank also administratively supports loan and other financial products to customers through its limited-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (purpose of) Tj ET Q q 0 0 0 rg BT 92.31 562.25 Td (fices in Boston, Massachusetts, Providence, Rhode Island, Portsmouth, New Hampshire, Manhattan and Melville, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (New ) Tj ET Q q 0 0 0 rg BT 71.01 550.25 Td (Y) Tj ET Q q 0 0 0 rg BT 77.23 550.25 Td (ork, and Philadelphia, Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 225.63 550.25 Td (The Bank also provides liquidity to residential mortgage originators nationwide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (through commercial loans to mortgage companies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (Through BankMobile, a division of Customers Bank, Customers of) Tj ET Q q 0 0 0 rg BT 319.24 514.25 Td (fers state of the art high tech digital banking services to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (consumers, students, and the "under banked" nationwide. In October 2017, Customers announced its intent to spin-of) Tj ET Q q 0 0 0 rg BT 521.23 502.25 Td (f its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (BankMobile business directly to Customers) Tj ET Q q 0 0 0 rg BT 227.57 490.25 Td ( shareholders, to be followed by a mer) Tj ET Q q 0 0 0 rg BT 380.68 490.25 Td (ger of BankMobile into Flagship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Community Bank \("Flagship"\), as the most favorable option for disposition of BankMobile to Customers' shareholders rather ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (than sell the business directly to a third party) Tj ET Q q 0 0 0 rg BT 228.75 466.25 Td (. Until execution of the spin-of) Tj ET Q q 0 0 0 rg BT 354.38 466.25 Td (f and mer) Tj ET Q q 0 0 0 rg BT 392.51 466.25 Td (ger transaction, the assets and liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (of BankMobile will be reported as held and used for all periods presented. Previously) Tj ET Q q 0 0 0 rg BT 393.99 454.25 Td (, Customers had stated its intention to sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (BankMobile and, accordingly) Tj ET Q q 0 0 0 rg BT 168.49 442.25 Td (, all BankMobile-related assets and liabilities were reported as held for sale in the consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (balance sheet as of December 31, 2016, and its operating results and cash flows for the years ended December 31, 2016 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (2015, were presented as discontinued operations. ) Tj ET Q q 0 0 0 rg BT 250.78 418.25 Td (All prior period amounts have been reclassified to conform with the current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (period consolidated financial statement presentation. See NOTE 3 - SPIN-OFF ) Tj ET Q q 0 0 0 rg BT 367.99 406.25 Td (AND MERGER.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Customers Bank is subject to regulation of the Pennsylvania Department of Banking and Securities and the Federal Reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (Bank and is periodically examined by those regulatory authorities. Customers Bancorp has made certain equity investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (through its wholly owned subsidiaries CB Green ) Tj ET Q q 0 0 0 rg BT 247.30 358.25 Td (V) Tj ET Q q 0 0 0 rg BT 253.41 358.25 Td (entures Pte Ltd. and CUBI India ) Tj ET Q q 0 0 0 rg BT 385.15 358.25 Td (V) Tj ET Q q 0 0 0 rg BT 391.26 358.25 Td (entures Pte Ltd. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (NOTE 2 ) Tj ET Q q 0 0 0 rg BT 95.29 310.25 Td (ACQUISITION ) Tj ET Q q 0 0 0 rg BT 165.59 310.25 Td (ACTIVITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (On June15, 2016, Customers completed the acquisition of substantially all the assets and the assumption of certain liabilities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (the Disbursement business from Higher One. ) Tj ET Q q 0 0 0 rg BT 232.84 274.25 Td (The acquisition was completed pursuant to the terms of an ) Tj ET Q q 0 0 0 rg BT 468.34 274.25 Td (Asset Purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (Agreement \(the "Purchase ) Tj ET Q q 0 0 0 rg BT 157.10 262.25 Td (Agreement"\) dated as of December 15, 2015, between Customers and Higher One. Under the terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (of the Purchase ) Tj ET Q q 0 0 0 rg BT 113.59 250.25 Td (Agreement, Customers also acquired all existing relationships with vendors and educational institutions, and all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (intellectual property and assumed normal business related liabilities. In conjunction with the acquisition, Customers hired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 226.25 Td (225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.26 226.25 Td ( Higher One employees primarily located in New Haven, Connecticut that manage the Disbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (business and serve the Disbursement business customers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (The transaction contemplated aggregate guaranteed payments to Higher One of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.87 190.25 Td ($42 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.26 190.25 Td (. ) Tj ET Q q 0 0 0 rg BT 423.58 190.25 Td (The aggregate purchase price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (payable by Customers was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.42 178.25 Td ($37 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.82 178.25 Td ( in cash, with the payments to be made as follows: \(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.60 178.25 Td ($17 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.99 178.25 Td ( in cash paid upon the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (closing of the acquisition, \(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.53 166.25 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.92 166.25 Td ( in cash to be paid upon the first anniversary of the closing and \(iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.24 166.25 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.63 166.25 Td ( in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (cash to be paid upon the second anniversary of the closing. In addition, concurrently with the closing, the parties entered into a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 142.25 Td (ransition Services ) Tj ET Q q 0 0 0 rg BT 129.08 142.25 Td (Agreement pursuant to which Higher One provided certain transition services to Customers through June ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (30, 2017. ) Tj ET Q q 0 0 0 rg BT 91.95 130.25 Td (As consideration for these services, Customers paid Higher One an additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.20 130.25 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.59 130.25 Td ( in cash. Customers will also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (be required to make additional payments to Higher One if, during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.64 118.25 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.63 118.25 Td ( years following the closing, revenues from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (Disbursement business exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.69 106.25 Td ($75 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.08 106.25 Td ( in a year) Tj ET Q q 0 0 0 rg BT 257.46 106.25 Td (. ) Tj ET Q q 0 0 0 rg BT 264.78 106.25 Td (The potential payment is equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.85 106.25 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.18 106.25 Td ( of the amount the Disbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (business related revenue exceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.38 94.25 Td ($75 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.78 94.25 Td ( in each year) Tj ET Q q 0 0 0 rg BT 281.03 94.25 Td (. ) Tj ET Q q 0 0 0 rg BT 287.97 94.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.42 94.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 94.25 Td (, Customers has not recorded a liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (for any additional contingent consideration payable under the Purchase ) Tj ET Q q 0 0 0 rg BT 336.30 82.25 Td (Agreement. ) Tj ET Q endstream endobj 217 0 obj <> endobj 218 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (As specified in the Purchase ) Tj ET Q q 0 0 0 rg BT 165.25 742.10 Td (Agreement, the payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.04 742.10 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.44 742.10 Td ( payable to Higher One upon each of the first and second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (anniversary of the transaction closing were placed into an escrow account with a third party) Tj ET Q q 0 0 0 rg BT 415.88 730.10 Td (. Upon the first anniversary of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (transaction closing in June 2017, Customers paid to Higher One the first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.89 718.10 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.29 718.10 Td ( installment payment. In December 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Customers paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.00 706.10 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.39 706.10 Td ( of the second installment payment to Higher One in advance of the second anniversary of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (transaction closing pursuant to a mutual agreement between Customers and Higher One. ) Tj ET Q q 0 0 0 rg BT 408.61 694.10 Td (The remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.70 694.10 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.09 694.10 Td ( of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (second installment payment will be held in the escrow account until June 2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (The escrow account with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.74 658.10 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.13 658.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.57 658.10 Td ($20 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.96 658.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 312.62 658.10 Td (, as of December 31, 2017 and 2016, in aggregate restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (cash and the corresponding obligation to pay Higher One pursuant to the terms of the Purchase ) Tj ET Q q 0 0 0 rg BT 431.57 646.10 Td (Agreement have been assigned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (to BankMobile and are included with "Cash and cash equivalents" and "Accrued interest payable and other liabilities" on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (December 31, 2017 and 2016 consolidated balance sheets. For more information regarding Customers' plans for BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (and the presentation of BankMobile within the consolidated financial statements, see NOTE 3 - SPIN-OFF ) Tj ET Q q 0 0 0 rg BT 479.92 610.10 Td (AND MERGER.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (The assets acquired and liabilities assumed were initially presented at their estimated fair values based on a preliminary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (allocation of the purchase price. In many cases, the determination of these fair values required management to make estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (about discount rates, future expected cash flows, market conditions and other future events that were highly subjective and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (subject to change. ) Tj ET Q q 0 0 0 rg BT 126.74 550.10 Td (The fair value estimates were considered preliminary and subject to change after the closing date of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (acquisition if additional information became available. Based on a preliminary purchase price allocation, Customers recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td ($4.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 526.10 Td ( in goodwill as a result of the acquisition. ) Tj ET Q q 0 0 0 rg BT 268.59 526.10 Td (At December 31, 2016, Customers recorded adjustments to the estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (fair values of prepaid expenses and other liabilities, which resulted in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.85 514.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.74 514.10 Td ( increase in goodwill. ) Tj ET Q q 0 0 0 rg BT 476.65 514.10 Td (The adjusted amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (of goodwill of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.72 502.10 Td ($5.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.61 502.10 Td ( reflects the excess purchase price over the estimated fair value of the net assets acquired. ) Tj ET Q q 0 0 0 rg BT 518.54 502.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (goodwill recorded is deductible for tax purposes. ) Tj ET Q q 0 0 0 rg BT 248.10 490.10 Td (The purchase price allocation was considered final as of June 30, 2017. ) Tj ET Q q 0 0 0 rg BT 538.10 490.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (following table summarizes the final adjusted amounts recognized for assets acquired and liabilities assumed:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 429.60 394.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 429.60 118.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 401.60 394.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 401.60 118.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 373.60 394.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 373.60 118.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 345.60 394.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 345.60 118.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 317.60 394.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 317.60 118.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 289.60 394.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 289.60 118.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 261.60 394.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 261.60 118.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 233.60 394.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 233.60 118.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 205.60 394.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 205.60 118.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 359.6 m 561.5 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 289.6 m 561.5 289.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 447.85 Td (\(amounts in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 434.05 Td (Fair) Tj ET Q q 0 0 0 rg BT 68.41 434.05 Td ( value of assets acquir) Tj ET Q q 0 0 0 rg BT 152.25 434.05 Td (ed:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 420.06 Td (Developed software) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 420.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 420.06 Td (27,400) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 406.06 Td (Other intangible assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 406.06 Td (9,300) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 392.06 Td (Accounts receivable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 392.06 Td (2,784) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 378.06 Td (Prepaid expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.50 378.06 Td (418) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 364.06 Td (Fixed assets, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 544.50 364.06 Td (229) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 350.06 Td (T) Tj ET Q q 0 0 0 rg BT 63.18 350.06 Td (otal assets acquired) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 350.06 Td (40,131) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 322.05 Td (Fair) Tj ET Q q 0 0 0 rg BT 68.33 322.05 Td ( value of liabilities assumed:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 308.06 Td (Other liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 308.06 Td (5,735) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 294.06 Td (Deferred revenue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 294.06 Td (2,655) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 280.06 Td (T) Tj ET Q q 0 0 0 rg BT 63.18 280.06 Td (otal liabilities assumed) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 280.06 Td (8,390) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 252.06 Td (Net assets acquired) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 252.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 252.06 Td (31,741) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 224.06 Td (T) Tj ET Q q 0 0 0 rg BT 63.34 224.06 Td (ransaction cash consideration \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 224.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 224.06 Td (37,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.00 196.06 Td (Goodwill recognized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 196.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 196.06 Td (5,259) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 182.50 Td (\(1\) Includes ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 90.43 182.50 Td ($10 million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.54 182.50 Td ( payable to Higher One upon each of the first and second anniversary of the transaction closing, which has been placed into an escrow ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 172.90 Td (account with a third party \(aggregate amount of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.61 172.90 Td ($20 million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 241.72 172.90 Td (\). ) Tj ET Q q 0 0 0 rg BT 249.95 172.90 Td (As of December 31, 2017, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.37 172.90 Td ($15 million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.48 172.90 Td ( of the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.92 172.90 Td ($20 million) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.03 172.90 Td ( installment payments had been paid to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 50.00 163.30 Td (Higher One.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.30 Td (The fair value for the developed software was estimated based on expected revenue attributable to the software utilizing a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.30 Td (discounted cash flow methodology giving consideration to potential obsolescence. ) Tj ET Q q 0 0 0 rg BT 384.47 127.30 Td (The developed software is being amortized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.30 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.27 115.30 Td (ten years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.08 115.30 Td ( based on the estimated economic benefits received. ) Tj ET Q q 0 0 0 rg BT 318.60 115.30 Td (The fair values for the other intangible assets represent the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.30 Td (value of existing student and university relationships and a non-compete agreement with Higher One based on estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.30 Td (retention rates and discounted cash flows. Other intangible assets are being amortized over an estimated life ranging from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 91.30 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.16 91.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.30 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 79.30 Td (twenty years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.09 79.30 Td (. ) Tj ET Q endstream endobj 219 0 obj <> endobj 220 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (108) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE 3 SPIN-OFF) Tj ET Q q 0 0 0 rg BT 141.58 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 143.53 742.25 Td (AND MERGER) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (In third quarter 2017, Customers decided that the best strategy for its shareholders to realize the value of the BankMobile ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (business was to divest BankMobile through a spin-of) Tj ET Q q 0 0 0 rg BT 262.30 706.25 Td (f of BankMobile to Customers' shareholders to be followed by a mer) Tj ET Q q 0 0 0 rg BT 536.92 706.25 Td (ger ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (with Flagship Community Bank \("Flagship"\). ) Tj ET Q q 0 0 0 rg BT 237.34 694.25 Td (An ) Tj ET Q q 0 0 0 rg BT 251.51 694.25 Td (Amended and Restated Purchase and ) Tj ET Q q 0 0 0 rg BT 401.74 694.25 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 452.03 694.25 Td (Agreement and Plan of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (Mer) Tj ET Q q 0 0 0 rg BT 66.48 682.25 Td (ger \(the Amended ) Tj ET Q q 0 0 0 rg BT 145.06 682.25 Td (Agreement\) with Flagship to ef) Tj ET Q q 0 0 0 rg BT 274.84 682.25 Td (fect the spin-of) Tj ET Q q 0 0 0 rg BT 335.20 682.25 Td (f and mer) Tj ET Q q 0 0 0 rg BT 373.33 682.25 Td (ger and Flagship) Tj ET Q q 0 0 0 rg BT 442.76 682.25 Td (s related purchase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (BankMobile deposits from Customers was executed on November 17, 2017. Per the provisions of the ) Tj ET Q q 0 0 0 rg BT 460.49 670.25 Td (Amended ) Tj ET Q q 0 0 0 rg BT 501.32 670.25 Td (Agreement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (the spin-of) Tj ET Q q 0 0 0 rg BT 92.87 658.25 Td (f will be followed by a mer) Tj ET Q q 0 0 0 rg BT 201.54 658.25 Td (ger of Customers' BankMobile ) Tj ET Q q 0 0 0 rg BT 327.04 658.25 Td (T) Tj ET Q q 0 0 0 rg BT 332.45 658.25 Td (echnologies, Inc. \("BMT"\) subsidiary into Flagship, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (Customers' shareholders first receiving shares of BMT) Tj ET Q q 0 0 0 rg BT 268.24 646.25 Td ( as a dividend in the spin-of) Tj ET Q q 0 0 0 rg BT 379.15 646.25 Td (f and then receiving shares of Flagship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (common stock in the mer) Tj ET Q q 0 0 0 rg BT 151.46 634.25 Td (ger of BMT) Tj ET Q q 0 0 0 rg BT 199.05 634.25 Td ( into Flagship in exchange for the shares of BMT) Tj ET Q q 0 0 0 rg BT 395.78 634.25 Td ( common stock they received in the spin-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 622.25 Td (f. Flagship will separately purchase BankMobile deposits directly from Customers for cash. Following completion of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (spin-of) Tj ET Q q 0 0 0 rg BT 78.15 610.25 Td (f and mer) Tj ET Q q 0 0 0 rg BT 116.28 610.25 Td (ger and other transactions contemplated in the ) Tj ET Q q 0 0 0 rg BT 302.61 610.25 Td (Amended ) Tj ET Q q 0 0 0 rg BT 343.44 610.25 Td (Agreement between Customers and Flagship, BMT's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (shareholders would receive collectively more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.81 598.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.14 598.25 Td ( of Flagship common stock. ) Tj ET Q q 0 0 0 rg BT 388.34 598.25 Td (The common stock of the mer) Tj ET Q q 0 0 0 rg BT 508.40 598.25 Td (ged entities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (expected to be called BankMobile, is expected to be listed on a national securities exchange after completion of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (transactions. In connection with the signing of the ) Tj ET Q q 0 0 0 rg BT 254.40 574.25 Td (Amended ) Tj ET Q q 0 0 0 rg BT 295.23 574.25 Td (Agreement on November 17, 2017, Customers deposited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.46 574.25 Td ($1.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 562.25 Td ( in an escrow account with a third party to be reserved for payment to Flagship in the event the ) Tj ET Q q 0 0 0 rg BT 459.89 562.25 Td (Amended ) Tj ET Q q 0 0 0 rg BT 500.72 562.25 Td (Agreement is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (terminated for reasons described in the ) Tj ET Q q 0 0 0 rg BT 207.17 550.25 Td (Amended ) Tj ET Q q 0 0 0 rg BT 247.99 550.25 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 299.74 550.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.01 550.25 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.91 550.25 Td ( is considered restricted cash and is presented in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (cash and cash equivalents in the accompanying December 31, 2017 consolidated balance sheet. ) Tj ET Q q 0 0 0 rg BT 433.85 538.25 Td (The ) Tj ET Q q 0 0 0 rg BT 451.34 538.25 Td (Amended ) Tj ET Q q 0 0 0 rg BT 492.17 538.25 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (provides that completion of the transactions will be subject to the receipt of all necessary regulatory approvals, certain Flagship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (shareholder approvals, successful raising of capital by Flagship and other customary closing conditions. Customers expects the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (transactions to close in mid-2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (At December 31, 2016, Customers intended to sell its BankMobile division, and the BankMobile division met the criteria to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (classified as held for sale; and accordingly the assets and liabilities of BankMobile were presented as Assets held for sale, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (Non-interest bearing deposits held for sale, and Other liabilities held for sale and BankMobile) Tj ET Q q 0 0 0 rg BT 445.99 454.25 Td (s operating results and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (associated cash flows were presented as Discontinued operations. However) Tj ET Q q 0 0 0 rg BT 362.27 442.25 Td (, generally accepted accounting principles require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (that assets, liabilities, operating results and cash flows associated with a business to be disposed of through a spin-of) Tj ET Q q 0 0 0 rg BT 515.29 430.25 Td (f and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (mer) Tj ET Q q 0 0 0 rg BT 65.37 418.25 Td (ger transaction should not be reported as held for sale or discontinued operations until execution of the spin-of) Tj ET Q q 0 0 0 rg BT 506.46 418.25 Td (f and mer) Tj ET Q q 0 0 0 rg BT 544.59 418.25 Td (ger) Tj ET Q q 0 0 0 rg BT 556.81 418.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (As a result, beginning in third quarter 2017, the period in which Customers decided to spin-of) Tj ET Q q 0 0 0 rg BT 425.02 406.25 Td (f BankMobile rather than selling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (directly to a third party) Tj ET Q q 0 0 0 rg BT 141.54 394.25 Td (, BankMobile's assets, liabilities, operating results and cash flows were no longer reported as held for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (sale or discontinued operations but instead were reported as held and used. ) Tj ET Q q 0 0 0 rg BT 353.25 382.25 Td (At September 30, 2017, Customers measured the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (business at the lower of its \(i\) carrying amount before it was classified as held for sale, adjusted for depreciation and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (amortization expense that would have been recognized had the business been continuously classified as held and used, or \(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (fair value at the date the decision not to sell was made. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (BankMobile's assets, liabilities, operating results and cash flows at December 31, 2017 and 2016, and for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (December 31, 2017, 2016 and 2015, are reported as held and used in the accompanying consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (Prior reported December31, 2016 assets held for sale, non-interest bearing deposits held for sale and other liabilities held for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (sale have been reclassified to conform with the current period presentation as summarized below) Tj ET Q q 0 0 0 rg BT 436.71 286.25 Td (. ) Tj ET Q q 0 0 0 rg BT 443.66 286.25 Td (Amounts previously reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (as discontinued operations for the years ended December 31, 2016 and 2015, have also been reclassified to conform with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (current period presentation as summarized below) Tj ET Q q 0 0 0 rg BT 246.23 262.25 Td (. Customers will continue reporting the Community Business Banking and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (BankMobile segment results. See NOTE 24 - BUSINESS SEGMENTS. ) Tj ET Q endstream endobj 221 0 obj <> endobj 222 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The following table summarizes the ef) Tj ET Q q 0 0 0 rg BT 203.94 742.10 Td (fects of the reclassification of BankMobile's assets and liabilities from held for sale to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (held and used on the previously reported consolidated balance sheet as of December31, 2016:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 645.60 303.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 645.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 645.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 645.60 68.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 645.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 645.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 618.60 303.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 618.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 618.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 618.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 618.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 618.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 588.60 303.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 588.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 588.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 588.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 588.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 588.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 558.60 303.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 558.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 558.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 558.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 558.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 558.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 528.60 303.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 528.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 528.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 528.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 528.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 528.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 498.60 303.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 498.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 498.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 498.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 498.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 498.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 468.60 303.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 468.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 418.50 468.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 468.60 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 468.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 468.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 645.6 m 418.5 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 645.6 m 490.5 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 645.6 m 559.5 645.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 698.85 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.25 677.06 Td (December 31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 668.06 Td (2016 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.10 659.06 Td (As Previously ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.00 650.06 Td (Reported) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.20 686.06 Td (Ef) Tj ET Q q 0 0 0 rg BT 448.53 686.06 Td (fect of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.25 677.06 Td (Reclassification) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 668.06 Td (From Held For) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.10 659.06 Td (Sale to Held and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.75 650.06 Td (Used) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.25 677.06 Td (December 31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.50 668.06 Td (2016 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 517.00 659.06 Td (After ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.75 650.06 Td (Reclassification) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 649.85 Td (\(amounts in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 184.70 637.00 Td (ASSETS) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 624.86 Td (Cash and cash equivalents) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.00 623.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.40 623.06 Td (244,709) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 623.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.90 623.06 Td (20,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.00 623.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.40 623.06 Td (264,709) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 609.86 Td (Loans receivable) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.65 608.06 Td (6,142,390) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.90 608.06 Td (12,247) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.65 608.06 Td (6,154,637) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 594.86 Td (Bank premises and equipment, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.90 593.06 Td (12,259) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.15 593.06 Td (510) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.90 593.06 Td (12,769) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 579.86 Td (Goodwill and other intangibles) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.40 578.06 Td (3,639) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.90 578.06 Td (13,982) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.90 578.06 Td (17,621) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 564.86 Td (Assets held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.90 563.06 Td (79,271) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.90 563.06 Td (\(79,271) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.65 563.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.65 563.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 549.86 Td (Other assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.90 548.06 Td (70,099) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.90 548.06 Td (32,532) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.40 548.06 Td (102,631) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 173.70 535.00 Td (LIABILITIES) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 519.86 Td (Demand, non-interest bearing deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.00 518.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.40 518.06 Td (512,664) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 518.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.40 518.06 Td (453,394) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 497.00 518.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 526.40 518.06 Td (966,058) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 504.86 Td (Interest-bearing deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 378.65 503.06 Td (6,334,316) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.40 503.06 Td (3,401) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.65 503.06 Td (6,337,717) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 489.86 Td (Non-interest bearing deposits held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.40 488.06 Td (453,394) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.40 488.06 Td (\(453,394) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.65 488.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.65 488.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 474.86 Td (Other liabilities held for sale) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.90 473.06 Td (31,403) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.90 473.06 Td (\(31,403) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.65 473.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.65 473.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 459.86 Td (Accrued interest payable and other liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.90 458.06 Td (47,381) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.90 458.06 Td (28,002) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.90 458.06 Td (75,383) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (The following table summarizes the ef) Tj ET Q q 0 0 0 rg BT 203.94 415.10 Td (fects of the reclassification of BankMobile's operating results from discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (operations to continuing operations for the year ended December 31, 2016:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 342.60 307.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 342.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 342.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 342.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 342.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 342.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 318.60 307.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 318.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 318.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 318.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 318.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 318.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 294.60 307.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 294.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 294.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 294.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 294.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 294.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 270.60 307.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 270.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 270.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 270.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 270.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 270.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 246.60 307.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 246.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 246.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 246.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 246.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 246.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 222.60 307.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 222.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 222.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 222.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 222.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 222.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 198.60 307.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 198.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 198.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 198.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 198.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 198.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 174.60 307.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 174.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 174.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 174.60 65.00 -12.00 re f /GS0 gs 0.8 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161.60000000000002 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 372.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.55 383.06 Td (Y) Tj ET Q q 0 0 0 rg BT 374.15 383.06 Td (ear Ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.25 374.06 Td (December 31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.50 365.06 Td (2016 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.10 356.06 Td (As Previously ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 373.00 347.06 Td (Reported) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.70 383.06 Td (Ef) Tj ET Q q 0 0 0 rg BT 451.03 383.06 Td (fect of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.75 374.06 Td (Reclassification) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.70 365.06 Td (From) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.50 356.06 Td (Discontinued) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.75 347.06 Td (Operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.55 383.06 Td (Y) Tj ET Q q 0 0 0 rg BT 512.15 383.06 Td (ear Ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.25 374.06 Td (December 31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.50 365.06 Td (2016 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.00 356.06 Td (After ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.75 347.06 Td (Reclassification) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 346.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 333.86 Td ( Interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 333.86 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.75 333.86 Td (322,539) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 333.86 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 333.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 333.86 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 333.86 Td (322,539) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 321.86 Td ( Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 321.86 Td (73,023) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 321.86 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 321.86 Td (73,042) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 309.86 Td ( Net interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.75 309.86 Td (249,516) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 309.86 Td (\(19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.00 309.86 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 309.86 Td (249,497) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 297.86 Td ( Provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.75 297.86 Td (2,345) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.50 297.86 Td (696) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 297.86 Td (3,041) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 285.86 Td ( Non-interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 285.86 Td (23,165) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.25 285.86 Td (33,205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 285.86 Td (56,370) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 273.86 Td ( Non-interest expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.75 273.86 Td (131,217) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.25 273.86 Td (47,014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 273.86 Td (178,231) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 261.86 Td ( Income from continuing operations before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.75 261.86 Td (139,1) Tj ET Q q 0 0 0 rg BT 410.00 261.86 Td (19) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 261.86 Td (\(14,524) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.00 261.86 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 261.86 Td (124,595) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 249.86 Td ( Provision for income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 249.86 Td (51,412) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 249.86 Td (\(5,519) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.00 249.86 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 249.86 Td (45,893) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 237.86 Td ( Net income from continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 237.86 Td (87,707) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.75 237.86 Td (\(9,005) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.00 237.86 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 237.86 Td (78,702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 225.86 Td ( Loss from discontinued operations before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 225.86 Td (\(14,524) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 225.86 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 463.25 225.86 Td (14,524) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 225.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 213.86 Td ( Income tax benefit from discontinued operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 213.86 Td (\(5,519) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 213.86 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.75 213.86 Td (5,519) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 213.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 201.86 Td ( Net loss from discontinued operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 201.86 Td (\(9,005) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 419.00 201.86 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.75 201.86 Td (9,005) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 548.00 201.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 189.86 Td ( Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 189.86 Td (78,702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 189.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 189.86 Td (78,702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 177.86 Td ( Preferred stock dividend) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.75 177.86 Td (9,515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 177.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 177.86 Td (9,515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 165.86 Td ( Net income available to common shareholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.00 165.86 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 165.86 Td (69,187) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.00 165.86 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 165.86 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.00 165.86 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 165.86 Td (69,187) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 223 0 obj <> endobj 224 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The following table summarizes the ef) Tj ET Q q 0 0 0 rg BT 203.94 742.10 Td (fects of the reclassification of BankMobile's operating results from discontinued ) Tj ET Q BT 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497.00 639.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 609.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 609.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 609.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 609.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 609.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 609.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 579.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 579.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 579.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 579.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 579.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 579.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 549.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 549.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 549.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 549.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 549.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 549.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 519.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 519.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 519.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 519.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 519.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 519.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 489.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 489.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 489.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 489.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 489.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 489.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.00 459.60 308.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.00 459.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.00 459.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.00 459.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.00 459.60 6.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 459.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 669.6 m 422 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 669.6 m 491 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 669.6 m 562 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 669.6 m 422 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 639.6 m 422 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 639.6 m 491 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 639.6 m 562 639.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 579.6 m 422 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 579.6 m 491 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 579.6 m 562 579.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 549.6 m 422 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 549.6 m 491 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 534.6 m 491 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 549.6 m 562 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 534.6 m 562 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 534.6 m 422 534.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 504.6 m 422 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 504.6 m 491 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 489.6 m 491 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 504.6 m 562 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 489.6 m 562 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 489.6 m 422 489.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 459.6 m 422 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 445.6 m 422 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 443.6 m 422 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 459.6 m 491 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 445.6 m 491 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426 443.6 m 491 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 459.6 m 562 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 445.6 m 562 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 443.6 m 562 443.6 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 87.50 702.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.05 710.06 Td (Y) Tj ET Q q 0 0 0 rg BT 373.65 710.06 Td (ear Ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.75 701.06 Td (December 31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.00 692.06 Td (2015 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.60 683.06 Td (As Previously ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.50 674.06 Td (Reported) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.20 710.86 Td (Ef) Tj ET Q q 0 0 0 rg BT 450.53 710.86 Td (fect of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.25 701.86 Td (Reclassification ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.20 692.86 Td (From ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.00 683.86 Td (Discontinued ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.25 674.86 Td (Operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.05 710.06 Td (Y) Tj ET Q q 0 0 0 rg BT 513.65 710.06 Td (ear Ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.75 701.06 Td (December 31, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.00 692.06 Td (2015 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.50 683.06 Td (After ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 500.25 674.06 Td (Reclassification) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 673.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 660.86 Td ( Interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.50 659.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.25 659.06 Td (249,850) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.50 659.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 659.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 659.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 659.06 Td (249,850) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 645.86 Td ( Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.75 644.06 Td (53,551) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.00 644.06 Td (9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 644.06 Td (53,560) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 630.86 Td ( Net interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.25 629.06 Td (196,299) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.00 629.06 Td (\(9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.50 629.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 629.06 Td (196,290) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 615.86 Td ( Provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.75 614.06 Td (20,566) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 614.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 614.06 Td (20,566) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 600.86 Td ( Non-interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.75 599.06 Td (27,572) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 599.06 Td (145) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 599.06 Td (27,717) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 585.86 Td ( Non-interest expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 389.25 584.06 Td (107,568) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.25 584.06 Td (7,378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.25 584.06 Td (1) Tj ET Q q 0 0 0 rg BT 533.75 584.06 Td (14,946) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 570.86 Td ( Income from continuing operations before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.75 569.06 Td (95,737) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 569.06 Td (\(7,242) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.50 569.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 569.06 Td (88,495) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 555.86 Td ( Provision for income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.75 554.06 Td (32,664) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 554.06 Td (\(2,752) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.50 554.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 554.06 Td (29,912) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 540.86 Td ( Net income from continuing operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.75 539.06 Td (63,073) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 539.06 Td (\(4,490) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.50 539.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 539.06 Td (58,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 525.86 Td ( Loss from discontinued operations before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 524.06 Td (\(7,242) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.50 524.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.25 524.06 Td (7,242) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 524.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 510.86 Td ( Income tax benefit from discontinued operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 509.06 Td (\(2,752) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.50 509.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.25 509.06 Td (2,752) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 509.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 495.86 Td ( Net loss from discontinued operations) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 494.06 Td (\(4,490) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 418.50 494.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.25 494.06 Td (4,490) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.50 494.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 480.86 Td ( Net income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.75 479.06 Td (58,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 479.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 479.06 Td (58,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 465.86 Td ( Preferred stock dividend) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.25 464.06 Td (2,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 464.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 538.25 464.06 Td (2,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 51.50 450.86 Td ( Net income available to common shareholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.50 449.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 393.75 449.06 Td (56,090) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.50 449.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 449.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.50 449.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.75 449.06 Td (56,090) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 409.10 Td (NOTE 4 SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 161.84 409.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.79 409.10 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 285.48 409.10 Td (AND BASIS OF) Tj ET Q q 0 0 0 rg BT 354.56 409.10 Td ( PRESENT) Tj ET Q q 0 0 0 rg BT 402.44 409.10 Td (A) Tj ET Q q 0 0 0 rg BT 408.92 409.10 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 391.10 Td (Basis of Pr) Tj ET Q q 0 0 0 rg BT 95.43 391.10 Td (esentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.10 Td (The accounting and reporting policies of Customers Bancorp, Inc. and subsidiaries are in conformity with accounting principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.10 Td (generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 218.05 361.10 Td (America and predominant practices of the banking industry) Tj ET Q q 0 0 0 rg BT 455.38 361.10 Td (. ) Tj ET Q q 0 0 0 rg BT 462.70 361.10 Td (The preparation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.10 Td (financial statements requires management to make estimates and assumptions that af) Tj ET Q q 0 0 0 rg BT 388.10 349.10 Td (fect the reported balances of assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.10 Td (liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 325.10 Td (revenues and expenses during the reporting period. ) Tj ET Q q 0 0 0 rg BT 258.05 325.10 Td (Actual results could dif) Tj ET Q q 0 0 0 rg BT 351.46 325.10 Td (fer from those estimates. Material estimates that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 313.10 Td (particularly susceptible to significant change in the near) Tj ET Q q 0 0 0 rg BT 272.83 313.10 Td (-term relate to the determination of the allowance for loan losses, credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.10 Td (deterioration and expected cash flows of purchased-credit-impaired loans, valuation of deferred tax assets, other) Tj ET Q q 0 0 0 rg BT 497.73 301.10 Td (-than-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.10 Td (temporary impairment losses on securities, fair values of financial instruments, fair value of stock option awards and annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.10 Td (goodwill and intangible asset impairment analysis. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 247.10 Td (Reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.10 Td (As described in NOTE 3 - SPIN-OFF ) Tj ET Q q 0 0 0 rg BT 202.00 223.10 Td (AND MERGER, during third quarter 2017 Customers reclassified BankMobile, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.10 Td (segment which Customers previously intended to sell directly to a third party but decided to divest in a spin-of) Tj ET Q q 0 0 0 rg BT 491.45 211.10 Td (f to its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 199.10 Td (shareholders, was reclassified from held for sale to held and used because it no longer met the held-for) Tj ET Q q 0 0 0 rg BT 459.71 199.10 Td (-sale criteria. Certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 187.10 Td (prior period amounts and note disclosures \(including NOTE 5, NOTE 9, NOTE 10, NOTE 1) Tj ET Q q 0 0 0 rg BT 419.34 187.10 Td (1, NOTE 16, NOTE 20 and NOTE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 175.10 Td (23\) have been reclassified to conform with the current period presentation. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 145.10 Td (Principles of Consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 127.10 Td (The accompanying consolidated financial statements include the accounts of the parent company and its wholly owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.10 Td (subsidiaries, including Customers Bank, CB Green ) Tj ET Q q 0 0 0 rg BT 255.96 115.10 Td (V) Tj ET Q q 0 0 0 rg BT 262.08 115.10 Td (entures Pte Ltd. and CUBI India ) Tj ET Q q 0 0 0 rg BT 393.82 115.10 Td (V) Tj ET Q q 0 0 0 rg BT 399.93 115.10 Td (entures Pte Ltd., as well as Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.10 Td (Bank's wholly owned subsidiaries, CIC, Inc., BankMobile ) Tj ET Q q 0 0 0 rg BT 284.71 103.10 Td (T) Tj ET Q q 0 0 0 rg BT 290.12 103.10 Td (echnologies, Inc., Customers Commercial Finance, LLC and Devon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 91.10 Td (Service P) Tj ET Q q 0 0 0 rg BT 86.63 91.10 Td (A) Tj ET Q q 0 0 0 rg BT 93.30 91.10 Td ( LLC. ) Tj ET Q q 0 0 0 rg BT 121.63 91.10 Td (All significant intercompany balances and transactions have been eliminated in consolidation.) Tj ET Q endstream endobj 225 0 obj <> endobj 226 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.85 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.48 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 308.11 31.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Cash and Cash Equivalents and Statements of Cash Flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.25 Td (Cash and cash equivalents include cash on hand, amounts due from banks and interest-bearing deposits with banks with a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.25 Td (maturity date of three months or less and are recorded at cost. ) Tj ET Q q 0 0 0 rg BT 300.90 706.25 Td (The carrying value of cash and cash equivalents is a reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.25 Td (estimate of its approximate fair value. Changes in the balances of cash and cash equivalents are reported in the consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.25 Td (statements of cash flows. Cash receipts from the repayment or sale of loans are classified within the statement of cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.25 Td (based on management's original intent upon origination of the loan, as prescribed by accounting guidance related to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.25 Td (statement of cash flows. Cash used upon initial funding of Customers' mortgage warehousing lending transactions and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.25 Td (proceeds received when the mortgage loans are sold into the secondary market are classified as operating activities within the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.25 Td (statement of cash flows. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 610.25 Td (Restrictions on Cash and ) Tj ET Q q 0 0 0 rg BT 158.41 610.25 Td (Amounts due fr) Tj ET Q q 0 0 0 rg BT 225.45 610.25 Td (om Banks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.25 Td (Customers Bank is required to maintain average balances at a certain level of cash and amounts on deposit with the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.25 Td (Reserve Bank. Customers Bank generally maintains balances in excess of the required levels at the Federal Reserve Bank. ) Tj ET Q q 0 0 0 rg BT 545.46 580.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 568.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.52 568.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.52 568.25 Td (, these reserve balances were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.79 568.25 Td ($164.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.68 568.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.12 568.25 Td ($149.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.01 568.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 475.67 568.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.25 Td (In connection with the acquisition of the Disbursement business from Higher One, as of December 31, 2017, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.39 550.25 Td ($5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 538.25 Td ( in an escrow account restricted in use with a third party to be paid to Higher One upon the second anniversary of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.25 Td (transaction closing as described in NOTE 2 - ) Tj ET Q q 0 0 0 rg BT 231.12 526.25 Td (ACQUISITION ) Tj ET Q q 0 0 0 rg BT 297.51 526.25 Td (ACTIVITY) Tj ET Q q 0 0 0 rg BT 343.43 526.25 Td (. In connection with the spin-of) Tj ET Q q 0 0 0 rg BT 471.28 526.25 Td (f and mer) Tj ET Q q 0 0 0 rg BT 509.41 526.25 Td (ger) Tj ET Q q 0 0 0 rg BT 521.78 526.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.25 Td (Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.72 514.25 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.61 514.25 Td ( in an escrow account with a third party that is reserved for payment to Flagship in the event the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.25 Td (agreement is terminated for reasons described in the agreement. See NOTE 3 - SPIN-OFF ) Tj ET Q q 0 0 0 rg BT 414.40 502.25 Td (AND MERGER for additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (details related to this escrow account.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 460.25 Td (Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.25 Td (Business combinations are accounted for by applying the acquisition method in accordance with ) Tj ET Q q 0 0 0 rg BT 436.90 438.25 Td (Accountings Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.25 Td (Codification \("ASC"\) 805, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 158.77 426.25 Td (Business Combinations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.39 426.25 Td (. Under the acquisition method, identifiable assets acquired and liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.25 Td (assumed are measured at their fair values as of the date of acquisition and are recognized separately from goodwill. ) Tj ET Q q 0 0 0 rg BT 515.53 414.25 Td (The results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.25 Td (of operations of the acquired entity are included in the consolidated statement of income from the date of acquisition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.25 Td (Customers recognizes goodwill when the acquisition price exceeds the estimated fair value of the net assets acquired.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (Investment Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.25 Td (Customers acquires securities, lar) Tj ET Q q 0 0 0 rg BT 183.72 346.25 Td (gely mortgage-backed securities, to ef) Tj ET Q q 0 0 0 rg BT 335.98 346.25 Td (fectively utilize cash and capital and to generate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.25 Td (earnings. Security transactions are recorded as of the trade date. Securities are classified at the time of acquisition as available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.25 Td (for sale, held to maturity or trading, and their classification determines the accounting as follows:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 298.25 Td (A) Tj ET Q q 0 0 0 rg BT 55.06 298.25 Td (vailable for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.05 298.25 Td (: Investment securities classified as available for sale are those debt and equity securities that Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.25 Td (intends to hold for an indefinite period of time but not necessarily to maturity) Tj ET Q q 0 0 0 rg BT 358.50 286.25 Td (. Investment securities available for sale are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.25 Td (carried at fair value. Unrealized gains or losses are reported as increases or decreases in accumulated other comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.25 Td (income, net of the related deferred tax ef) Tj ET Q q 0 0 0 rg BT 212.01 262.25 Td (fect. Realized gains or losses, determined on the basis of the cost of the specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.25 Td (securities sold, are included in earnings and recorded at the trade date. Premiums and discounts are recognized in interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.25 Td (income using the interest method over the terms of the securities.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 214.25 Td (Held to maturity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.60 214.25 Td (: Investment securities classified as held to maturity are those debt securities that Customers has both the intent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.25 Td (and ability to hold to maturity regardless of changes in market conditions, liquidity needs, or changes in general economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.25 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 98.48 190.25 Td (These securities are carried at cost, adjusted for the amortization of premiums and accretion of discounts, computed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.25 Td (by a method which approximates the interest method over the terms of the securities. ) Tj ET Q q 0 0 0 rg BT 394.22 178.25 Td (There were no securities classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (held to maturity as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.54 166.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.12 166.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.56 166.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.56 166.25 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.51 142.25 Td (rading:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.51 142.25 Td ( Investment securities classified as trading are those debt and equity securities that management intends to actively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.25 Td (trade. ) Tj ET Q q 0 0 0 rg BT 76.80 130.25 Td (These securities are carried at their current fair value, with changes in fair value reported in income. Customers does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.25 Td (actively trade securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (For available-for) Tj ET Q q 0 0 0 rg BT 116.77 94.25 Td (-sale and held-to-maturity securities, management periodically assesses whether the securities are other than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.25 Td (temporarily impaired. Other) Tj ET Q q 0 0 0 rg BT 164.26 82.25 Td (-than-temporary impairment means that management believes a security) Tj ET Q q 0 0 0 rg BT 456.10 82.25 Td (s decline in fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.25 Td (below its amortized cost basis is due to factors that could include the issuer) Tj ET Q q 0 0 0 rg BT 350.63 70.25 Td () Tj ET Q q 0 0 0 rg BT 353.41 70.25 Td (s inability to pay interest or dividends, its potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.25 Td (for default and/or other factors. ) Tj ET Q q 0 0 0 rg BT 179.54 58.25 Td (When a held-to-maturity or available-for) Tj ET Q q 0 0 0 rg BT 342.61 58.25 Td (-sale debt security is assessed for other) Tj ET Q q 0 0 0 rg BT 497.91 58.25 Td (-than-) Tj ET Q endstream endobj 227 0 obj <> endobj 228 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (temporary impairment, management has to first consider \(a\)whether Customers intends to sell the security) Tj ET Q q 0 0 0 rg BT 476.23 742.10 Td (, and \(b\)whether it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (more likely than not that Customers will be required to sell the security prior to recovery of its amortized cost basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (If one of these circumstances applies to a security) Tj ET Q q 0 0 0 rg BT 247.66 706.10 Td (, an other) Tj ET Q q 0 0 0 rg BT 284.95 706.10 Td (-than-temporary impairment loss is recognized in the consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (statements of income equal to the full amount of the decline in fair value below the amortized cost basis. If neither of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (circumstances applies to a security) Tj ET Q q 0 0 0 rg BT 187.69 682.10 Td (, but Customers does not expect to recover the entire amortized cost basis, an other) Tj ET Q q 0 0 0 rg BT 519.06 682.10 Td (-than-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (temporary impairment has occurred that must be separated into two categories for debt securities: \(a\)the amount related to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (credit loss and \(b\)the amount related to other factors. In determining the amount of other) Tj ET Q q 0 0 0 rg BT 408.91 658.10 Td (-than-temporary impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (attributable to credit loss, management compares the present value of cash flows expected to be collected to the amortized cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (basis of the security) Tj ET Q q 0 0 0 rg BT 128.55 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 135.87 634.10 Td (The portion of the total other) Tj ET Q q 0 0 0 rg BT 251.47 634.10 Td (-than-temporary impairment attributed to a credit loss is recognized in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (earnings \(as the dif) Tj ET Q q 0 0 0 rg BT 125.68 622.10 Td (ference between the fair value and the present value of the estimated cash flows expected to be collected\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (while the amount related to all other factors is recognized in accumulated other comprehensive income. ) Tj ET Q q 0 0 0 rg BT 468.33 610.10 Td (The total other) Tj ET Q q 0 0 0 rg BT 527.00 610.10 Td (-than-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (temporary impairment loss is presented in the statement of income, less the portion recognized in accumulated other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (comprehensive income. ) Tj ET Q q 0 0 0 rg BT 149.29 586.10 Td (When a debt security becomes other) Tj ET Q q 0 0 0 rg BT 294.30 586.10 Td (-than-temporarily impaired, its amortized cost basis is reduced to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (reflect the portion of the total impairment related to credit loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (For marketable equity securities, Customers considers the issuer) Tj ET Q q 0 0 0 rg BT 307.03 550.10 Td () Tj ET Q q 0 0 0 rg BT 309.81 550.10 Td (s financial condition, capital strength and near) Tj ET Q q 0 0 0 rg BT 494.27 550.10 Td (-term prospects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (to determine whether an impairment is temporary or other) Tj ET Q q 0 0 0 rg BT 281.44 538.10 Td (-than-temporary) Tj ET Q q 0 0 0 rg BT 345.76 538.10 Td (. Customers also considers the volatility of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (security) Tj ET Q q 0 0 0 rg BT 83.93 526.10 Td (s price in comparison to the market as a whole and any recoveries or declines in fair value subsequent to the balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (sheet date. If management determines that the impairment is other) Tj ET Q q 0 0 0 rg BT 316.15 514.10 Td (-than-temporary) Tj ET Q q 0 0 0 rg BT 380.47 514.10 Td (, the entire amount of the impairment as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (the balance sheet date is recognized in earnings even if the decision to sell the security has not been made. ) Tj ET Q q 0 0 0 rg BT 479.16 502.10 Td (The fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (security becomes the new amortized cost basis of the investment and is not adjusted for subsequent recoveries in fair value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (Beginning January 1, 2018, changes in the fair value of marketable equity securities classified as available for sale will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (recorded in earnings in the period in which they occur and will no longer be deferred in accumulated other comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 85.88 442.10 Td (Amounts previously recorded to accumulated other comprehensive income were reclassified to retained earnings on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (January 1, 2018. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 73.68 400.10 Td (Accounting Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (The accounting for a loan depends on management) Tj ET Q q 0 0 0 rg BT 256.37 382.10 Td (s strategy for the loan and on whether the loan was credit impaired at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (date of acquisition. ) Tj ET Q q 0 0 0 rg BT 130.69 370.10 Td (The Bank accounts for loans based on the following categories:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 49.50 362.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 350.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 350.90 Td (Loans held for sale,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 332.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 332.90 Td (Loans at fair value,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 314.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 314.90 Td (Loans receivable and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 296.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 296.90 Td (Purchased loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.90 Td (The discussion that follows describes the accounting for loans in these categories.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 250.90 Td (Loans Held for) Tj ET Q q 0 0 0 rg BT 137.77 250.90 Td ( Sale and Loans at Fair) Tj ET Q q 0 0 0 rg BT 236.77 250.90 Td ( ) Tj ET Q q 0 0 0 rg BT 239.09 250.90 Td (V) Tj ET Q q 0 0 0 rg BT 245.39 250.90 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 228.90 Td (Loans originated or acquired by Customers with the intent to sell them in the secondary market are carried either at the lower of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 216.90 Td (cost or fair value, determined in the aggregate, or at fair value, depending upon an election made at the time the loan is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.90 Td (originated. ) Tj ET Q q 0 0 0 rg BT 97.36 204.90 Td (These loans are generally sold on a non-recourse basis with servicing released. Gains and losses on the sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.90 Td (loans accounted for at the lower of cost or fair value are recognized in earnings based on the dif) Tj ET Q q 0 0 0 rg BT 431.94 192.90 Td (ference between the proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.90 Td (received and the carrying amount of the loans, inclusive of deferred origination fees and costs, if any) Tj ET Q q 0 0 0 rg BT 452.04 180.90 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.90 Td (As a result of changes in events and circumstances or developments regarding management) Tj ET Q q 0 0 0 rg BT 418.26 158.90 Td (s view of the foreseeable future, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.90 Td (loans not originated or acquired with the intent to sell may subsequently be designated as held for sale. ) Tj ET Q q 0 0 0 rg BT 465.33 146.90 Td (These loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.90 Td (transferred to the held-for) Tj ET Q q 0 0 0 rg BT 152.31 134.90 Td (-sale portfolio at the lower of amortized cost or fair value. ) Tj ET Q q 0 0 0 rg BT 386.48 134.90 Td (When the recorded investment of the loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.90 Td (exceeds its fair value at the date of transfer to the held-for) Tj ET Q q 0 0 0 rg BT 280.58 122.90 Td (-sale portfolio, the excess will be recognized as a char) Tj ET Q q 0 0 0 rg BT 496.42 122.90 Td (ge against the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.90 Td (allowance for loan losses to the extent the loan's reduction in fair value has already been provided for in the allowance for loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.90 Td (losses. ) Tj ET Q q 0 0 0 rg BT 80.34 98.90 Td (Any subsequent lower of cost or fair value adjustments are recognized as a valuation allowance with char) Tj ET Q q 0 0 0 rg BT 502.23 98.90 Td (ges recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.90 Td (in non-interest income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.90 Td (Loans originated or acquired by Customers with the intent to sell them for which fair value accounting is elected are reported at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.90 Td (fair value, with changes in fair value recognized in earnings in the period in which they occur) Tj ET Q q 0 0 0 rg BT 422.98 52.90 Td (. Upon sale, any dif) Tj ET Q q 0 0 0 rg BT 503.61 52.90 Td (ference ) Tj ET Q endstream endobj 229 0 obj <> endobj 230 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (between the proceeds received and the carrying amount of the loan is recognized in earnings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.85 742.10 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.07 742.10 Td ( fees or costs related to such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (loans are deferred, so they do not af) Tj ET Q q 0 0 0 rg BT 192.60 730.10 Td (fect the gain or loss calculation at the time of sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (Certain mortgage warehouse lending transactions subject to master repurchase agreements are designated as held for sale and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (reported at fair value based on an election made to account for the loans at fair value. Pursuant to these agreements, Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (funds the pipelines for these mortgage lenders by sending payments directly to the closing agents for funded loans \(i.e., the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (purchase event\) and receives proceeds directly from third party investors when the loans are sold into the secondary market \(i.e, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (the repurchase event\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (An allowance for loan losses is not maintained on loans designated as held for sale or reported at fair value. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 612.10 Td (Loans Receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (Loans receivable that management has the intent and ability to hold for the foreseeable future or until maturity or payof) Tj ET Q q 0 0 0 rg BT 527.21 590.10 Td (f are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (reported at their outstanding unpaid principal balances, net of an allowance for loan losses and any deferred fees. Interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, are deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (and recognized as an adjustment of the yield \(interest income\) of the related loans using the level-yield method without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (anticipating prepayments. Customers is generally amortizing these amounts over the contractual life of the loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.10 Td (The accrual of interest is generally discontinued when the contractual payment of principal or interest has become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.94 518.10 Td (90 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.77 518.10 Td ( past ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.10 Td (due or when management has doubts about further collectibility of principal or interest, even though the loan is currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 494.10 Td (performing. ) Tj ET Q q 0 0 0 rg BT 101.43 494.10 Td (A) Tj ET Q q 0 0 0 rg BT 108.10 494.10 Td ( loan may remain on accrual status if it is in the process of collection and is well secured. ) Tj ET Q q 0 0 0 rg BT 469.20 494.10 Td (When a loan is placed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 482.10 Td (on non-accrual status, unpaid accrued interest previously credited to income is reversed. Interest received on non-accrual loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 470.10 Td (is generally applied against principal until all principal has been recovered. ) Tj ET Q q 0 0 0 rg BT 354.49 470.10 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 395.72 470.10 Td (, payments are recognized as interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 458.10 Td (income until all unpaid amounts have been received. Generally) Tj ET Q q 0 0 0 rg BT 303.76 458.10 Td (, loans are restored to accrual status when the obligation is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.10 Td (brought current andhas performed in accordance with the contractual terms for a minimum of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.53 446.10 Td (six months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 446.10 Td (, and the ultimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.10 Td (collectibility of the total contractual principal and interest is no longer in doubt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 404.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 89.43 404.10 Td (chased Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (Customers believes that the varying circumstances under which it purchases loans and the diverse credit quality of loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.10 Td (purchased should drive the decision as to whether loans in a portfolio should be deemed to be purchased credit-impaired loans. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.10 Td (Therefore, loan purchases are evaluated on a case-by-case basis to determine the appropriate accounting treatment. Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.10 Td (acquired that do not have evidence of credit deterioration at the purchase date are accounted for in accordance with ) Tj ET Q q 0 0 0 rg BT 511.78 350.10 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td (310-20, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 82.83 338.10 Td (Nonr) Tj ET Q q 0 0 0 rg BT 103.02 338.10 Td (efundable Fees and Other Costs,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.39 338.10 Td ( and loans acquired with evidence of credit deterioration since origination and for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.10 Td (which it is probable that all contractually required payments will not be collected are accounted for in accordance with ) Tj ET Q q 0 0 0 rg BT 525.71 326.10 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (310-30, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 82.83 314.10 Td (Loans and Debt Securities ) Tj ET Q q 0 0 0 rg BT 190.97 314.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 217.82 314.10 Td (ed with Deteriorated Cr) Tj ET Q q 0 0 0 rg BT 313.83 314.10 Td (edit Quality) Tj ET Q q 0 0 0 rg BT 360.77 314.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 85.5 282.7669921875 m 379.54296875 282.7669921875 l s q 0 0 0 rg BT 85.50 284.10 Td (Loans that are purchased that do not have evidence of credit deterioration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.10 Td (Purchased performing loans are initially recorded at fair value and include credit and interest rate marks associated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.10 Td (acquisition accounting adjustments. Purchase premiums or discounts are subsequently amortized or accreted as an adjustment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.10 Td (to yield over the estimated contractual lives of the loans. ) Tj ET Q q 0 0 0 rg BT 277.86 242.10 Td (There is no allowance for loan losses established at the acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.10 Td (date for acquired performing loans. ) Tj ET Q q 0 0 0 rg BT 195.28 230.10 Td (An allowance for loan losses is recorded for any credit deterioration in these loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (subsequent to acquisition.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 85.5 186.76699218750002 m 553.9375 186.76699218750002 l s q 0 0 0 rg BT 85.50 188.10 Td (Loans that are purchased that have evidence of credit deterioration since origination and for which it is probable that ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 85.5 174.76699218750002 m 310.6953125 174.76699218750002 l s q 0 0 0 rg BT 85.50 176.10 Td (all contractually required payments will not be collected) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (For these types of loan purchases, evidence of deteriorated credit quality may include past-due and non-accrual status, borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (credit scores and recent loan-to-value percentages.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.10 Td (The fair value of loans with evidence of credit deterioration is recorded net of a nonaccretable dif) Tj ET Q q 0 0 0 rg BT 438.59 122.10 Td (ference and accretable yield. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 78.47 110.10 Td (ference between contractually required payments at acquisition and the cash flows expected to be collected at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.10 Td (acquisition is the nonaccretable dif) Tj ET Q q 0 0 0 rg BT 188.71 98.10 Td (ference that is not included in the carrying amount of acquired loans. Subsequent to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.10 Td (acquisition, estimates of cash flows expected to be collected are updated each reporting period based on updated assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.10 Td (regarding default rates, loss severities and other factors that are reflective of current market conditions. Subsequent decreases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.10 Td (in expected cash flows will generally result in a provision for loan losses. Subsequent increases in expected cash flows will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 50.10 Td (result in a reversal of the provision for loan losses to the extent of prior char) Tj ET Q q 0 0 0 rg BT 353.40 50.10 Td (ges or a reclassification of the dif) Tj ET Q q 0 0 0 rg BT 486.50 50.10 Td (ference from ) Tj ET Q endstream endobj 231 0 obj <> endobj 232 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (nonaccretable to accretable with a positive impact on accretion of interest income in future periods. Further) Tj ET Q q 0 0 0 rg BT 480.88 742.10 Td (, any excess of cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (flows expected at acquisition over the estimated fair value is referred to as the accretable yield and is recognized in interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (income over the remaining life of the loan when there is a reasonable expectation about the amount and timing of those cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (Purchased credit-impaired \("PCI"\) loans acquired in the same fiscal quarter may be aggregated into one or more pools, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (provided that the loans have similar risk characteristics. ) Tj ET Q q 0 0 0 rg BT 276.65 670.10 Td (A) Tj ET Q q 0 0 0 rg BT 283.32 670.10 Td ( pool is then accounted for as a single asset with a single composite ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (interest rate and an aggregate expectation of cash flows. On a quarterly basis, Customers re-estimates the total cash flows \(both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (principal and interest\) expected to be collected over the remaining life of each pool. ) Tj ET Q q 0 0 0 rg BT 389.18 646.10 Td (These estimates incorporate assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (regarding default rates, loss severities, the amounts and timing of prepayments and other factors that reflect the then-current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (market conditions. If the timing and/or amounts of expected cash flows on purchased credit-impaired loans are determined not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (to be reasonably estimable, no interest is accreted, and the loans are reported as non-accrual loans; however) Tj ET Q q 0 0 0 rg BT 479.48 610.10 Td (, when the timing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (and amounts of expected cash flows for purchased credit-impaired loans are reasonably estimable, interest is accreted, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (loans are reported as performing loans.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 564.10 Td (Allowance for) Tj ET Q q 0 0 0 rg BT 133.03 564.10 Td ( Loan Losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (The allowance for loan losses is established as losses that are estimated to have occurred and are recognized through provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.10 Td (for loan losses. Loans deemed to be uncollectible are char) Tj ET Q q 0 0 0 rg BT 283.40 530.10 Td (ged against the allowance for loan losses, and subsequent recoveries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.10 Td (if any) Tj ET Q q 0 0 0 rg BT 71.90 518.10 Td (, are credited to the allowance for loan losses. ) Tj ET Q q 0 0 0 rg BT 259.42 518.10 Td (The allowance for loan losses is maintained at a level considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.10 Td (appropriate to absorb probable incurred loan losses inherent in the loan portfolio as of the reporting date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 482.10 Td (Customers segments its loan portfolio into groups of loans with similar risk characteristics for purposes of estimating the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 470.10 Td (allowance for loan losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.10 Td (Customers' loan groups include multi-family) Tj ET Q q 0 0 0 rg BT 227.85 446.10 Td (, commercial and industrial, owner and non-owner occupied commercial real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.10 Td (estate, construction, residential real estate, manufactured housing, other consumer and PCI loans. Loans originated pursuant to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.10 Td (the rules and regulations of the Small Business ) Tj ET Q q 0 0 0 rg BT 238.92 422.10 Td (Administration \("SBA) Tj ET Q q 0 0 0 rg BT 328.28 422.10 Td ( loans"\) are further segmented. Customers also further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 410.10 Td (segments its residential real estate portfolio into two classes based upon certain risk characteristics: first-mortgage loans and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 398.10 Td (home equity loans and lines of credit. ) Tj ET Q q 0 0 0 rg BT 204.56 398.10 Td (The remaining loan groups are also considered classes for purposes of monitoring and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 386.10 Td (assessing credit quality based on certain risk characteristics. ) Tj ET Q q 0 0 0 rg BT 293.87 386.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 343.77 386.10 Td (, within each loan group the acquired loans that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.10 Td (accounted for under ) Tj ET Q q 0 0 0 rg BT 131.41 374.10 Td (ASC 310-10 are further segmented.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.10 Td (The total allowance for loan losses consists of an allowance for impaired loans, a general allowance for losses and may also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.10 Td (include residual non-specific reserve amounts. ) Tj ET Q q 0 0 0 rg BT 240.09 338.10 Td (The allowance for loan losses is maintained at a level considered adequate to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 326.10 Td (provide for losses that are estimated to have been incurred. Management performs a quarterly assessment of the adequacy of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 314.10 Td (the allowance for loan losses, which is based on Customers' past loan loss experience, known and inherent risks in the portfolio, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.10 Td (adverse situations that may af) Tj ET Q q 0 0 0 rg BT 168.17 302.10 Td (fect the borrower) Tj ET Q q 0 0 0 rg BT 237.40 302.10 Td () Tj ET Q q 0 0 0 rg BT 240.17 302.10 Td (s ability to repay) Tj ET Q q 0 0 0 rg BT 306.45 302.10 Td (, the estimated value of any underlying collateral, composition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 290.10 Td (of the loan portfolio, current economic conditions, peer and industry data and other relevant factors. ) Tj ET Q q 0 0 0 rg BT 453.90 290.10 Td (This evaluation is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 278.10 Td (inherently subjective as it requires material estimates that may be susceptible to significant revision as more information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.10 Td (becomes available. Customers' current methodology for determining the allowance for loan losses is based on historical loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.10 Td (rates, peer and industry data, current economic conditions, risk ratings, allowances on loans identified as impaired and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.10 Td (qualitative adjustments as considered appropriate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (The impaired-loan component of the allowance for loan losses generally relates to loans for which it is probable that Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (will be unable to collect all amounts due according to the contractual terms of the loan agreements. Customers analyzes certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.10 Td (loans in its portfolio for impairment in accordance with ) Tj ET Q q 0 0 0 rg BT 273.05 194.10 Td (ASC 310-10-35. Customers' impaired loans generally include loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (that have been \(i\) placed on non-accrual, \(ii\) restructured in a troubled debt restructuring, regardless of their payment status and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (\(iii\) char) Tj ET Q q 0 0 0 rg BT 84.02 170.10 Td (ged-of) Tj ET Q q 0 0 0 rg BT 109.94 170.10 Td (f to their net realizable value. For such loans, an allowance is established when the \(i\)discounted cash flows, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (\(ii\)collateral value or \(iii\)the impaired loan estimated fair value is lower than the carrying value of the loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.10 Td (The general component of the allowance for loan losses covers groups of loans by loan class, including commercial loans not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.10 Td (considered impaired, as well as smaller balance homogeneous loans, such as residential real estate, home equity loans, home ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.10 Td (equity lines of credit and other consumer loans. ) Tj ET Q q 0 0 0 rg BT 244.27 110.10 Td (These pools of loans are evaluated for loss exposure based upon industry) Tj ET Q q 0 0 0 rg BT 535.49 110.10 Td (, peer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.10 Td (or Customers' historical loss rates for each of these groups of loans. ) Tj ET Q q 0 0 0 rg BT 324.02 98.10 Td (After determining the appropriate historical loss rate for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 86.10 Td (each group of loans, management considers current qualitative or environmental factors that are likely to cause estimated credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.10 Td (losses as of the evaluation date to dif) Tj ET Q q 0 0 0 rg BT 196.78 74.10 Td (fer from the historical loss experience. ) Tj ET Q q 0 0 0 rg BT 355.43 74.10 Td (The overall ef) Tj ET Q q 0 0 0 rg BT 411.33 74.10 Td (fect of these factors is recorded as an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.10 Td (adjustment that, as appropriate, increases or decreases the historical loss rate applied to the loan group. ) Tj ET Q q 0 0 0 rg BT 465.29 62.10 Td (The qualitative factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 50.10 Td (that management generally considers include the following:) Tj ET Q endstream endobj 233 0 obj <> endobj 234 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (15) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 49.50 744.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 732.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 732.85 Td (National, regional and local economic and business conditions, including review of changes in the unemployment rate;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 708.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 708.85 Td (V) Tj ET Q q 0 0 0 rg BT 85.88 708.85 Td (olume and severity of past-due loans, non-accrual loans and classified loans;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 684.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 684.85 Td (Lending policies and procedures, including underwriting standards and historically based loss/collection, char) Tj ET Q q 0 0 0 rg BT 519.37 684.85 Td (ge-of) Tj ET Q q 0 0 0 rg BT 540.29 684.85 Td (f and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 672.85 Td (recovery practices;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 648.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 648.85 Td (Nature and volume of the portfolio;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 624.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 624.85 Td (Existence and ef) Tj ET Q q 0 0 0 rg BT 145.85 624.85 Td (fect of any credit concentrations and changes in the level of such concentrations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 600.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 600.85 Td (Risk ratings;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 576.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 576.85 Td (Changes in the values of collateral for collateral dependent loans;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 552.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 552.85 Td (Changes in the quality of the loan review system; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 528.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 528.85 Td (Experience, ability and depth of lending management and staf) Tj ET Q q 0 0 0 rg BT 327.74 528.85 Td (f; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 504.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 504.85 Td (Other external factors, such as changes in the legal, regulatory or competitive environment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.85 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 480.85 Td ( residual reserve may be maintained to cover uncertainties that could af) Tj ET Q q 0 0 0 rg BT 341.15 480.85 Td (fect management) Tj ET Q q 0 0 0 rg BT 412.50 480.85 Td (s estimate of probable losses. ) Tj ET Q q 0 0 0 rg BT 534.24 480.85 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.85 Td (residual reserve amount reflects the mar) Tj ET Q q 0 0 0 rg BT 209.52 468.85 Td (gin of imprecision inherent in the underlying assumptions used in the methodologies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.85 Td (for estimating credit losses in the portfolio.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 432.85 Td (The discussion that follows describes Customers' underwriting policies for its primary lending activities and its credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 420.85 Td (monitoring and char) Tj ET Q q 0 0 0 rg BT 130.41 420.85 Td (ge-of) Tj ET Q q 0 0 0 rg BT 151.33 420.85 Td (f practices. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 396.85 Td (Commercial and industrial loans are underwritten after evaluating historical and projected profitability and cash flow to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 384.85 Td (determine the borrower) Tj ET Q q 0 0 0 rg BT 143.72 384.85 Td () Tj ET Q q 0 0 0 rg BT 146.50 384.85 Td (s ability to repay its obligation as agreed. Commercial and industrial loans are made primarily based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 372.85 Td (on the identified cash flow of the borrower and secondarily on the underlying collateral supporting the loan facility) Tj ET Q q 0 0 0 rg BT 508.99 372.85 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.85 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 98.84 360.85 Td (, the repayment of a commercial and industrial loan depends primarily on the creditworthiness of the borrower \(and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.85 Td (any guarantors\), while liquidation of collateral is a secondary and often insuf) Tj ET Q q 0 0 0 rg BT 357.00 348.85 Td (ficient source of repayment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.85 Td (Construction loans are underwritten based upon a financial analysis of the developers and property owners and construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 312.85 Td (cost estimates, in addition to independent appraisal valuations. ) Tj ET Q q 0 0 0 rg BT 304.54 312.85 Td (These loans rely on the value associated with the project upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 300.85 Td (completion. ) Tj ET Q q 0 0 0 rg BT 101.81 300.85 Td (These cost and valuation amounts used are estimates and may be inaccurate. Construction loans generally involve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 288.85 Td (the disbursement of substantial funds over a short period of time with repayment substantially dependent upon the success of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 276.85 Td (the completed project. Sources of repayment of these loans would be permanent financing upon completion or sales of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 264.85 Td (developed property) Tj ET Q q 0 0 0 rg BT 126.32 264.85 Td (. ) Tj ET Q q 0 0 0 rg BT 133.64 264.85 Td (These loans are closely monitored by on-site inspections and are considered to be of a higher risk than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 252.85 Td (other real estate loans due to their ultimate repayment being sensitive to general economic conditions, availability of long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 240.85 Td (financing, interest-rate sensitivity and governmental regulation of real property) Tj ET Q q 0 0 0 rg BT 365.13 240.85 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 216.85 Td (Commercial real estate and multi-family loans are subject to the underwriting standards and processes similar to commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 204.85 Td (and industrial loans, in addition to those underwriting standards for real estate loans. ) Tj ET Q q 0 0 0 rg BT 389.52 204.85 Td (These loans are viewed primarily as cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 192.85 Td (flow dependent and secondarily as loans secured by real estate.Repayment of these loans is generally dependent upon the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.85 Td (successful operation of the property securing the loan, or the principal business conducted on the property securing the loan, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.85 Td (generate suf) Tj ET Q q 0 0 0 rg BT 97.90 168.85 Td (ficient cash flows to service the debt. In addition, the underwriting considers the amount of the principal advanced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.85 Td (relative to the property value. Commercial real estate and multi-family loans may be adversely af) Tj ET Q q 0 0 0 rg BT 440.84 156.85 Td (fected by conditions in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 144.85 Td (real estate markets or the economy in general. Management monitors and evaluates commercial real estate and multi-family ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.85 Td (loans based on cash flow estimates, collateral valuation and risk-rating criteria. Customers also utilizes third-party experts to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.85 Td (provide environmental and market valuations. Substantial ef) Tj ET Q q 0 0 0 rg BT 293.14 120.85 Td (fort is required to underwrite, monitor and evaluate commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.85 Td (real estate and multi-family loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.85 Td (Residential real estateloans are secured by one-to-four dwelling units. ) Tj ET Q q 0 0 0 rg BT 335.89 84.85 Td (This group is further divided into first mortgage and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.85 Td (home equity loans. First mortgages are originated at a loan to value ratio of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.53 72.85 Td (80%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.86 72.85 Td ( or less. Home equity loans have additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 60.85 Td (risks as a result of typically being in a second position or lower in the event collateral is liquidated.) Tj ET Q endstream endobj 235 0 obj <> endobj 236 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (Manufactured housing loans are loans that are secured by the manufactured housing unit where the borrower may or may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (own the underlying real estate and therefore have a higher risk than a residential real estate loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (Other consumer loans consist of loans to individuals originated through Customers' retail network and are typically secured by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (personal property or are unsecured. Consumer loans have a greater credit risk than residential loans because of the dif) Tj ET Q q 0 0 0 rg BT 522.47 694.10 Td (ference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (in the underlying collateral, if any) Tj ET Q q 0 0 0 rg BT 184.92 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 192.23 682.10 Td (The application of various federal and state bankruptcy and insolvency laws may limit the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (amount that can be recovered on such loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (Delinquency status and other borrower characteristics are used to monitor loans and identify credit risks, and the general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (reserves are established based on the expected net char) Tj ET Q q 0 0 0 rg BT 268.66 634.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 289.58 634.10 Td (fs, adjusted for qualitative factors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (Char) Tj ET Q q 0 0 0 rg BT 68.76 610.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 89.68 610.10 Td (fs on commercial and industrial, construction, multi-family and commercial real estate loans are recorded when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (management estimates that there are insuf) Tj ET Q q 0 0 0 rg BT 217.31 598.10 Td (ficient cash flows to repay the contractual loan obligation based upon financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (information available and valuation of the underlying collateral. Shortfalls in the underlying collateral value for loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (determined to be collateral dependent are char) Tj ET Q q 0 0 0 rg BT 234.22 574.10 Td (ged-of) Tj ET Q q 0 0 0 rg BT 260.14 574.10 Td (f immediately) Tj ET Q q 0 0 0 rg BT 315.31 574.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (Customers also takes into account the strength of any guarantees and the ability of the borrower to provide value related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (those guarantees in determining the ultimate char) Tj ET Q q 0 0 0 rg BT 246.47 538.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 267.39 538.10 Td (f or allowance associated with an impaired loan. ) Tj ET Q q 0 0 0 rg BT 462.60 538.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 511.94 538.10 Td (, Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (may char) Tj ET Q q 0 0 0 rg BT 86.24 526.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 107.16 526.10 Td (f a loan to a value below the net appraised value if it believes that an expeditious liquidation is desirable under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (the circumstance, and it has legitimate of) Tj ET Q q 0 0 0 rg BT 213.43 514.10 Td (fers or other indications of interest to support a value that is less than the net appraised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 78.10 502.10 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 130.21 502.10 Td (, Customers may carry a loan at a value that is in excess of the appraised value in certain circumstances, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (such as when Customers has a guarantee from a borrower that Customers believes has realizable value. In evaluating the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (strength of any guarantee, Customers evaluates the financial wherewithal of the guarantor) Tj ET Q q 0 0 0 rg BT 408.41 478.10 Td (, the guarantor) Tj ET Q q 0 0 0 rg BT 466.81 478.10 Td () Tj ET Q q 0 0 0 rg BT 469.59 478.10 Td (s reputation and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (guarantor) Tj ET Q q 0 0 0 rg BT 88.19 466.10 Td () Tj ET Q q 0 0 0 rg BT 90.96 466.10 Td (s willingness and desire to work with Customers. Customers then conducts a review of the strength of a guarantee on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (a frequency established as the circumstances and conditions of the borrower warrant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (Customers records char) Tj ET Q q 0 0 0 rg BT 143.73 430.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 164.65 430.10 Td (fs for residential real estate, consumer and manufactured housing loans after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.31 430.10 Td (120 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.14 430.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (delinquency or sooner when cash flows are determined to be insuf) Tj ET Q q 0 0 0 rg BT 314.24 418.10 Td (ficient for repayment. Customers may also char) Tj ET Q q 0 0 0 rg BT 506.77 418.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 527.69 418.10 Td (f these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (loans below the net appraised valuation if Customers holds a junior) Tj ET Q q 0 0 0 rg BT 318.69 406.10 Td (-mortgage position in a piece of collateral whereby the risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (to acquiring control of the property through the purchase of the senior) Tj ET Q q 0 0 0 rg BT 328.94 394.10 Td (-mortgage position is deemed to potentially increase the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (risk of loss upon liquidation due to the amount of time to ultimately market the property and the volatile market conditions. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (such cases, Customers may abandon its junior mortgage and char) Tj ET Q q 0 0 0 rg BT 310.36 370.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 331.28 370.10 Td (f the loan balance in full.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (Estimates of cash flows expected to be collected for purchased credit-impaired loans are updated each reporting period. If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (Customers estimates decreases in expected cash flows to be collected after acquisition, Customers char) Tj ET Q q 0 0 0 rg BT 461.40 334.10 Td (ges the provision for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (loan losses and establishes an allowance for loan losses.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 59.69 292.10 Td (edit Quality Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (Commercial and industrial, multi-family) Tj ET Q q 0 0 0 rg BT 211.04 274.10 Td (, commercial real estate and construction loans are each assigned a numerical rating of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (risk based on an internal risk-rating system. ) Tj ET Q q 0 0 0 rg BT 229.00 262.10 Td (The risk rating is assigned at loan origination and indicates management's estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (of credit quality) Tj ET Q q 0 0 0 rg BT 112.72 250.10 Td (. Risk ratings are reviewed on a periodic or as needed basis. Residential real estate, manufactured housing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (and other consumer loans are evaluated primarily based on payment activity of the loan. Risk ratings are not established for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (residential real estate, home equity loans, manufactured housing loans and installment loans, mainly because these portfolios ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (consist of a lar) Tj ET Q q 0 0 0 rg BT 107.91 214.10 Td (ger number of homogeneous loans with smaller balances. Instead, these portfolios are evaluated for risk mainly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (based on aggregate payment history \(through the monitoring of delinquency levels and trends\). For additional information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (about credit quality factor ratings refer to NOTE 9 LOANS RECEIV) Tj ET Q q 0 0 0 rg BT 331.75 190.10 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 359.80 190.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 383.42 190.10 Td (ALLOW) Tj ET Q q 0 0 0 rg BT 418.41 190.10 Td (ANCE FOR LOAN LOSSES.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (Impair) Tj ET Q q 0 0 0 rg BT 76.35 160.10 Td (ed Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 142.10 Td ( loan is generally considered impaired when, based on current information and events, it is probable that Customers will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (unable to collect all amounts due according to the contractual terms of the loan agreement. Customers' impaired loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (generally include loans that have been \(i\) placed on non-accrual, \(ii\) restructured in a troubled debt restructuring, regardless of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (their payment status and \(iii\) char) Tj ET Q q 0 0 0 rg BT 184.00 106.10 Td (ged-of) Tj ET Q q 0 0 0 rg BT 209.92 106.10 Td (f to their net realizable value. Factors considered by management in determining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (impairment include payment status, collateral value and the probability of collecting scheduled principal and interest payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (when due. Loans that experience insignificant payment delays and payment shortfalls generally are not classified as impaired. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (Management determines the significance of payment delays and payment shortfalls on a case-by-case basis, taking into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (consideration all of the circumstances surrounding the loan and the borrower) Tj ET Q q 0 0 0 rg BT 356.22 58.10 Td (, including the length of the delay) Tj ET Q q 0 0 0 rg BT 490.26 58.10 Td (, the reasons for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (the delay) Tj ET Q q 0 0 0 rg BT 85.22 46.10 Td (, the borrower) Tj ET Q q 0 0 0 rg BT 141.96 46.10 Td () Tj ET Q q 0 0 0 rg BT 144.74 46.10 Td (s prior payment record and the amount of the shortfall in relation to the principal and interest owed.) Tj ET Q endstream endobj 237 0 obj <> endobj 238 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (Impairment is generally measured on a loan-by-loan basis for commercial and construction loans by the present value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (expected future cash flows discounted at the loan) Tj ET Q q 0 0 0 rg BT 249.15 730.10 Td (s original ef) Tj ET Q q 0 0 0 rg BT 296.74 730.10 Td (fective interest rate, the loan) Tj ET Q q 0 0 0 rg BT 413.07 730.10 Td (s obtainable market price or the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (value of the collateral if the loan is collateral dependent. ) Tj ET Q q 0 0 0 rg BT 279.22 718.10 Td (Thefair value of the collateral is measured based on the value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (collateral securing the loans, less estimated costs to liquidate the collateral. Collateral may be in the form of real estate or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (business assets including equipment, inventory and accounts receivable. ) Tj ET Q q 0 0 0 rg BT 342.85 694.10 Td (The vast majority of Customers' collateral is real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (estate. ) Tj ET Q q 0 0 0 rg BT 79.58 682.10 Td (The value of real estate collateral is determined utilizing an income or market valuation approach based on an appraisal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (conducted by an independent, third-party licensed appraiser using observable market data. ) Tj ET Q q 0 0 0 rg BT 415.30 670.10 Td (The value of business equipment is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (based upon an outside appraisal if deemed significant or the net book value on the applicable business) Tj ET Q q 0 0 0 rg BT 460.31 658.10 Td ( financial statements if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (not considered significant, using observable market data. Similarly) Tj ET Q q 0 0 0 rg BT 318.78 646.10 Td (, values for inventory and accounts receivable collateral are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (based on financial statement balances or aging reports.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 612.10 Td (Goodwill and Other) Tj ET Q q 0 0 0 rg BT 134.89 612.10 Td ( Intangible ) Tj ET Q q 0 0 0 rg BT 183.24 612.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (Goodwill represents the excess of the purchase price over the identifiable net assets of businesses acquired through business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (combinations accounted for under the acquisition method. Other intangible assets represent purchased assets that lack physical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (substance but can be distinguished from goodwill because of contractual or other legal rights. Intangible assets that have finite ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 554.10 Td (lives, such as customer and university relationships and non-compete agreements, are amortized over their estimated useful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (lives and are subject to impairment testing. Goodwill and other intangible assets recognized as part of the Disbursement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.10 Td (business acquisition in June 2016 were based on a preliminary allocation of the purchase price. ) Tj ET Q q 0 0 0 rg BT 434.11 530.10 Td (At December 31, 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.10 Td (Customers recorded adjustments to the estimated fair values of the net assets acquired in the Disbursement business acquisition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.10 Td (which resulted in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.81 506.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.70 506.10 Td ( increase in goodwill. For more information regarding the net assets acquired and goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 494.10 Td (recorded upon acquisition of the Disbursement business, see NOTE 2 - ) Tj ET Q q 0 0 0 rg BT 335.55 494.10 Td (ACQUISITION ) Tj ET Q q 0 0 0 rg BT 401.94 494.10 Td (ACTIVITY) Tj ET Q q 0 0 0 rg BT 447.86 494.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (Goodwill and other intangible assets are reviewed for impairment annually as of October 31 and between annual tests when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.10 Td (events and circumstances indicate that impairment may have occurred. ) Tj ET Q q 0 0 0 rg BT 336.89 460.10 Td (As described below) Tj ET Q q 0 0 0 rg BT 415.11 460.10 Td (, Customers early adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.10 Td (Accounting Standards Update 2017-04, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 210.30 448.10 Td (Simplifying the T) Tj ET Q q 0 0 0 rg BT 277.71 448.10 Td (est for Goodwill Impairment,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.38 448.10 Td ( during its annual goodwill impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.10 Td (review in October 2017. ) Tj ET Q q 0 0 0 rg BT 151.51 436.10 Td (The new rules provide that the goodwill impairment char) Tj ET Q q 0 0 0 rg BT 379.60 436.10 Td (ge will be the amount by which the reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.10 Td (unit's carrying amount exceeds its fair value; however) Tj ET Q q 0 0 0 rg BT 264.99 424.10 Td (, the loss recognized should not exceed the total amount of goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td (allocated to that reporting unit. ) Tj ET Q q 0 0 0 rg BT 177.89 412.10 Td (The same one-step impairment test is applied to goodwill at all reporting units. Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (applies a qualitative assessment for its reporting units to determine if the one-step quantitative impairment test is necessary) Tj ET Q q 0 0 0 rg BT 540.66 400.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.10 Td (Intangible assets subject to amortization are reviewed for impairment under ) Tj ET Q q 0 0 0 rg BT 353.84 378.10 Td (ASC 360 which requires that a long-lived asset or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.10 Td (asset group be tested for recoverability whenever events or changes in circumstances indicate that the carrying value may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.10 Td (be recoverable. ) Tj ET Q q 0 0 0 rg BT 115.39 354.10 Td (The carrying value of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.10 Td (expected to result from the use and eventual disposition of the asset. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.10 Td (As part of its qualitative assessment, Customers reviewed regional and national trends in current and expected economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.10 Td (conditions, examining indicators such as GDP) Tj ET Q q 0 0 0 rg BT 234.10 306.10 Td ( growth, interest rates and unemployment rates. Customers also considered its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.10 Td (own historical performance, expectations of future performance and other trends specific to the banking industry as well as an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.10 Td (initial valuation of the BankMobile business performed by an independent third party) Tj ET Q q 0 0 0 rg BT 390.72 282.10 Td (. Based on its qualitative assessment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.10 Td (Customers determined that there was no evidence of impairment on the balance of goodwill and other intangible assets. ) Tj ET Q q 0 0 0 rg BT 532.14 270.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 258.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.52 258.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.52 258.10 Td (, goodwill and other intangible assets totaled $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.60 258.10 Td (16.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.49 258.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.93 258.10 Td ($17.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.82 258.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 528.48 258.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (FHLB, Federal Reserve Bank and other) Tj ET Q q 0 0 0 rg BT 219.86 236.10 Td ( r) Tj ET Q q 0 0 0 rg BT 226.62 236.10 Td (estricted stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (FHLB, Federal Reserve Bank and other restricted stock represents required investment in the capital stock of the Federal Home ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (Loan Bank \(FHLB\), the Federal Reserve Bank and ) Tj ET Q q 0 0 0 rg BT 264.16 202.10 Td (Atlantic Community Bankers Bank and is carried at cost. ) Tj ET Q q 0 0 0 rg BT 497.54 202.10 Td (T) Tj ET Q q 0 0 0 rg BT 502.95 202.10 Td (otal restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (stock as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.77 190.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.35 190.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.79 190.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.79 190.10 Td (, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.84 190.10 Td ($105.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.73 190.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.17 190.10 Td ($68.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.06 190.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 420.73 190.10 Td (, which included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.60 190.10 Td ($83.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.49 190.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td ($51.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.39 178.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 156.05 178.10 Td (, of FHLB stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 148.10 Td ( Real Estate Owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (Real estate properties acquired through, or in lieu of, loan foreclosure are initially recorded at fair value less estimated costs to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (sell at the date of foreclosure, establishing a new cost basis. ) Tj ET Q q 0 0 0 rg BT 292.21 118.10 Td (After foreclosure, valuations are periodically performed by third-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (party appraisers, and the real estate is carried at the lower of its carrying amount or fair value less estimated costs to sell. ) Tj ET Q q 0 0 0 rg BT 536.00 106.10 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (declines in the fair value of the real estate properties below the initial cost basis are recorded through a valuation allowance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (Increases in the fair value of the real estate properties net of estimated selling costs will reverse the valuation allowance but ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (only up to the costs basis which was established at the initial measurement date. Revenue and expenses from operations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (changes in the valuation allowance are included in earnings.) Tj ET Q endstream endobj 239 0 obj <> endobj 240 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Bank-Owned Life Insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.25 Td (Bank-owned life insurance policies insure the lives of of) Tj ET Q q 0 0 0 rg BT 275.36 730.25 Td (ficers of Customers and name Customers as beneficiary) Tj ET Q q 0 0 0 rg BT 497.70 730.25 Td (. Non-interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.25 Td (income is generated tax free \(subject to certain limitations\) from the increase in value of the policies) Tj ET Q q 0 0 0 rg BT 453.04 718.25 Td ( underlying investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.25 Td (made by the insurance company) Tj ET Q q 0 0 0 rg BT 177.69 706.25 Td (. Cash proceeds received from the settlement of the bank-owned life insurance policies are tax-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.25 Td (free and can be used to partially of) Tj ET Q q 0 0 0 rg BT 187.87 694.25 Td (fset costs associated with employee compensation and benefit programs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 670.25 Td (Bank Pr) Tj ET Q q 0 0 0 rg BT 85.16 670.25 Td (emises and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (Bank premises and equipment are recorded at cost less accumulated depreciation and amortization. Depreciation is computed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 640.25 Td (on the straight-line method over theestimated useful lives of the related assets. Leasehold improvements are amortized over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.25 Td (the shorter of the term of the lease or estimated useful life, unless extension of the lease term is reasonably assured.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 598.25 Td (Operating Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.25 Td (Leased assets under operating leases are carried at amortized cost net of accumulated depreciation and any impairment char) Tj ET Q q 0 0 0 rg BT 543.82 580.25 Td (ges. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.25 Td (The depreciation expense of the leased assets is recognized on a straight-line basis over the contractual term of the leases up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.25 Td (their expected residual value. ) Tj ET Q q 0 0 0 rg BT 171.49 556.25 Td (The expected residual value and, accordingly) Tj ET Q q 0 0 0 rg BT 351.87 556.25 Td (, the monthly depreciation expense, may change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 Td (throughout the term of the lease. Operating lease rental income for leased assets is recognized in other non-interest income on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.25 Td (a straight-line basis over the lease term. Customers periodically reviews its leased assets for impairment. ) Tj ET Q q 0 0 0 rg BT 474.66 532.25 Td (An impairment loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.25 Td (is recognized if the carrying amount of the leased asset exceeds its fair value and is not recoverable. ) Tj ET Q q 0 0 0 rg BT 453.60 520.25 Td (The carrying amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.25 Td (leased assets is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the lease payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 496.25 Td (and the estimated residual value upon the eventual disposition of the equipment. During 2017, Customers leased various types ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.25 Td (of equipment to customers within its commercial and industrial loan portfolio. ) Tj ET Q q 0 0 0 rg BT 367.31 484.25 Td (The net carrying value of the leased assets was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.25 Td ($21.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.39 472.25 Td (, which included accumulated depreciation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.04 472.25 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.93 472.25 Td (, as of December 31, 2017, and is presented in other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.25 Td (assets in Customers) Tj ET Q q 0 0 0 rg BT 130.97 460.25 Td ( consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 250.94 460.25 Td (As of December 31, 2017, the leases have a weighted-average term of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.60 460.25 Td (5.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.10 460.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.25 Td (years. Customers had not entered into similar operating lease arrangements in prior years. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 418.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.43 418.25 Td (r) Tj ET Q q 0 0 0 rg BT 59.69 418.25 Td (easury Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.25 Td (Common stock purchased for treasury is recorded at cost. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 370.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.48 370.25 Td (T) Tj ET Q q 0 0 0 rg BT 89.23 370.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.25 Td (Customers accounts for income taxes under the liability method of accounting for income taxes. ) Tj ET Q q 0 0 0 rg BT 438.66 352.25 Td (The income tax accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.25 Td (guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.25 Td (be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.25 Td (deductions over revenues. Customers determines deferred income taxes using the liability \(or balance sheet\) method. Under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.25 Td (this method, the net deferred tax asset or liability is based on the tax ef) Tj ET Q q 0 0 0 rg BT 331.74 304.25 Td (fects of the dif) Tj ET Q q 0 0 0 rg BT 389.59 304.25 Td (ferences between the book and tax bases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.25 Td (of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur) Tj ET Q q 0 0 0 rg BT 506.83 292.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 268.25 Td ( tax position is recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.25 Td (sustained upon examination. ) Tj ET Q q 0 0 0 rg BT 168.46 256.25 Td (The term more likely than not means a likelihood of more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.28 256.25 Td (50 percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.21 256.25 Td (;the term upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (examination includes resolution of the related appeals or litigation process. ) Tj ET Q q 0 0 0 rg BT 353.86 244.25 Td (A) Tj ET Q q 0 0 0 rg BT 360.53 244.25 Td ( tax position that meets the more-likely-than-not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.25 Td (recognition threshold is initially and subsequently measured as the lar) Tj ET Q q 0 0 0 rg BT 328.42 232.25 Td (gest amount of tax benefit that has a greater than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.57 232.25 Td (50 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.25 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.92 220.25 Td ( likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant information. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.25 Td (The determination of whether or not a tax position has met the more-likely-than-not recognition threshold considers the facts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.25 Td (circumstances and information available at the reporting date and is subject to management) Tj ET Q q 0 0 0 rg BT 417.70 196.25 Td (s judgment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 172.25 Td (In assessing the realizability of federal or state deferred tax assets, management considers whether it is more likely than not that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.25 Td (some portion or all of the deferred tax assets will not be realized. ) Tj ET Q q 0 0 0 rg BT 313.95 160.25 Td (The ultimate realization of deferred tax assets is dependent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.25 Td (upon the generation of future taxable income during periods in which those temporary dif) Tj ET Q q 0 0 0 rg BT 407.83 148.25 Td (ferences become deductible. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.25 Td (Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and prudent, feasible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.25 Td (and permissible as well as available tax planning strategies in making this assessment. Based on the level of historical taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.25 Td (income and projections for future taxable income over the periods in which the deferred tax assets are deductible as well as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.25 Td (available tax planning strategies, management believes it is more likely than not that Customers will realize the benefits of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 88.25 Td (these deferred tax assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.25 Td (On December 22, 2017, the 2017 ) Tj ET Q q 0 0 0 rg BT 184.84 64.25 Td (T) Tj ET Q q 0 0 0 rg BT 190.25 64.25 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 259.70 64.25 Td (Act \(the Act\) was enacted into law) Tj ET Q q 0 0 0 rg BT 406.76 64.25 Td (. ) Tj ET Q q 0 0 0 rg BT 414.08 64.25 Td (The ) Tj ET Q q 0 0 0 rg BT 431.58 64.25 Td (Act contained several key tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.25 Td (provisions including the reduction in the corporate federal tax rate from 35% to 21% ef) Tj ET Q q 0 0 0 rg BT 398.09 52.25 Td (fective January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 498.34 52.25 Td (As a result, ) Tj ET Q endstream endobj 241 0 obj <> endobj 242 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (Customers was required to re-measure, through income tax expense, its deferred tax assets and liabilities using the enacted rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (at which it expects them to be recovered or settled. In December 2017, the U.S. Securities and Exchange Commission \("SEC"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (also issued Staf) Tj ET Q q 0 0 0 rg BT 111.54 718.10 Td (f ) Tj ET Q q 0 0 0 rg BT 116.81 718.10 Td (Accounting Bulletin No. 1) Tj ET Q q 0 0 0 rg BT 222.54 718.10 Td (18, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 237.54 718.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 274.11 718.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 285.87 718.10 Td (Accounting Implications of the T) Tj ET Q q 0 0 0 rg BT 416.05 718.10 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 486.98 718.10 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.80 718.10 Td (\("SAB 1) Tj ET Q q 0 0 0 rg BT 536.79 718.10 Td (18"\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (which allows companies to record provisional amounts during a measurement period not to extend beyond one year of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (enactment date. Because the ) Tj ET Q q 0 0 0 rg BT 167.60 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 173.01 694.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 184.39 694.10 Td (Act was passed late in December 2017 and ongoing analysis and interpretation of the other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (key tax provisions is expected over the next 12 months, Customers considers the deferred tax re-measurements and other items ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (to be provisional in nature. Customers expects to complete its analysis within the measurement period in accordance with SAB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (1) Tj ET Q q 0 0 0 rg BT 54.13 658.10 Td (18. See NOTE 16 - INCOME ) Tj ET Q q 0 0 0 rg BT 177.82 658.10 Td (T) Tj ET Q q 0 0 0 rg BT 183.13 658.10 Td (AXES for additional information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 636.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 69.88 636.10 Td (e-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 614.10 Td (Customers has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.61 614.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.27 614.10 Td ( active share-based compensation plans. Share-based-compensation accounting guidance requires that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 602.10 Td (compensation cost relating to share-based-payment transactions be recognized in earnings. ) Tj ET Q q 0 0 0 rg BT 416.97 602.10 Td (The cost is measured based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 590.10 Td (grant-date fair value of the equity instruments issued. ) Tj ET Q q 0 0 0 rg BT 267.59 590.10 Td (The Black-Scholes model is used to estimate the fair value of stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 578.10 Td (options, while the closing market price of Customers) Tj ET Q q 0 0 0 rg BT 263.71 578.10 Td ( common stock on the date of grant is generally used for restricted stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 566.10 Td (awards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 542.10 Td (Compensation cost for all share-based awards is calculated and recognized over the team member's service period, generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 530.10 Td (defined as the vesting period. For performance-based awards, compensation cost is recognized over the vesting period as long ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.10 Td (as it remains probable that the performance conditions will be met. If the service or performance conditions are not met, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.10 Td (Customers reverses previously recorded compensation expense upon forfeiture. Customers' accounting policy election is to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 494.10 Td (recognize forfeitures as they occur) Tj ET Q q 0 0 0 rg BT 187.21 494.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 470.10 Td (In 2014, the shareholders of Customers Bancorp approved an employee stock purchase plan. Because the purchase price under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 458.10 Td (the plan is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.10 458.10 Td (85%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.43 458.10 Td ( \(a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.20 458.10 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.53 458.10 Td ( discount to the market price\) of the fair market value of a share of common stock on the first day of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 446.10 Td (each quarterly subscription period, the plan is considered to be a compensatory plan under current accounting guidance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.10 Td (Therefore, the entire amount of the discount is recognizable compensation expense. See NOTE 15 - SHARE-BASED ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.10 Td (COMPENSA) Tj ET Q q 0 0 0 rg BT 102.85 422.10 Td (TION for additional information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.43 392.10 Td (ransfers of Financial ) Tj ET Q q 0 0 0 rg BT 145.70 392.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.26 368.10 Td (ransfers of financial assets, including loan participations sold, are accounted for as sales when control over the assets has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (surrendered \(settlement date\). Control over transferred assets is generally considered to have been surrendered when \(i\) the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (assets have been isolated from Customers, \(ii\) the transferee obtains the right \(free of conditions that constrain it from taking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (advantage of that right\) to pledge or exchange the transferred assets, and \(iii\) Customers does not maintain ef) Tj ET Q q 0 0 0 rg BT 485.84 332.10 Td (fective control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (over the transferred assets through an agreement to repurchase them before their maturity) Tj ET Q q 0 0 0 rg BT 406.48 320.10 Td (. If the sale criteria are met, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (transferred financial assets are removed from Customers' balance sheet, and a gain or loss on sale is recognized. If the sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (criteria are not met, the transfer is recorded as a secured borrowing with the assets remaining on Customers' balance sheet, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (the proceeds received from the transaction recognized as a liability) Tj ET Q q 0 0 0 rg BT 316.23 284.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 254.10 Td (Segment Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.10 Td (In connection with the acquisition of the Disbursement business from Higher One and the combination of that business with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.10 Td (BankMobile technology platform late in second quarter 2016, Customers' chief operating decision makers, our Chief Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.10 Td (Of) Tj ET Q q 0 0 0 rg BT 59.87 206.10 Td (ficer and the Board of Directors, began allocating resources and assessing performance for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.72 206.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.72 206.10 Td ( distinct business segments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.10 Td ("Community Business Banking" and "BankMobile." ) Tj ET Q q 0 0 0 rg BT 264.81 194.10 Td (The Community Business Banking segment is delivered predominately to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.10 Td (commercial customers in Southeastern Pennsylvania, New ) Tj ET Q q 0 0 0 rg BT 286.01 182.10 Td (Y) Tj ET Q q 0 0 0 rg BT 292.23 182.10 Td (ork, New Jersey) Tj ET Q q 0 0 0 rg BT 356.29 182.10 Td (, Massachusetts, Rhode Island and New Hampshire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.10 Td (through a single point of contact business model and provides liquidity to residential mortgage originators nationwide through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.10 Td (commercial loans to mortgage companies. ) Tj ET Q q 0 0 0 rg BT 223.43 158.10 Td (The BankMobile segment provides state-of-the-art high-tech digital banking and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.10 Td (disbursement services to consumers, students and the "under banked" nationwide. BankMobile, as a division of Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.10 Td (Bank, is a full service bank that is accessible to customers anywhere and anytime through the customer's smartphone or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.10 Td (web-enabled device. Prior to third quarter 2016, Customers operated in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.14 122.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.58 122.10 Td ( business segment, Community Banking. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.10 Td (Additional information regarding reportable segments can be found in NOTE 24 - BUSINESS SEGMENTS.) Tj ET Q endstream endobj 243 0 obj <> endobj 244 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (120) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Derivative Instruments and Hedging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 724.25 Td (ASC 815, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 91.45 724.25 Td (Derivatives and Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.99 724.25 Td ( \(ASC 815\), provides the disclosure requirements for derivatives and hedging activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 712.25 Td (with the intent to provide users of financial statements with an enhanced understanding of: \(i\)how and why an entity uses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 700.25 Td (derivative instruments, \(ii\)how the entity accounts for derivative instruments and the related hedged items and \(c\)how ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 688.25 Td (derivative instruments and the related hedged items af) Tj ET Q q 0 0 0 rg BT 265.63 688.25 Td (fect an entity) Tj ET Q q 0 0 0 rg BT 320.61 688.25 Td (s financial position, financial performance and cash flows. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 676.25 Td (Further) Tj ET Q q 0 0 0 rg BT 78.54 676.25 Td (, qualitative disclosures are required that explain the objectives and strategies for using derivatives, as well as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 664.25 Td (quantitative disclosures about the fair value and gains and losses on derivative instruments, and disclosures about credit-risk-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 652.25 Td (related contingent features in derivative instruments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 628.25 Td (As required by ) Tj ET Q q 0 0 0 rg BT 110.88 628.25 Td (ASC 815, Customers records all derivatives on the balance sheet at fair value. ) Tj ET Q q 0 0 0 rg BT 427.27 628.25 Td (The accounting for changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 616.25 Td (the fair value of derivatives depends on the intended use of the derivative, whether Customers has elected to designate a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 604.25 Td (derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.25 Td (necessary to apply hedge accounting. Derivatives designated and qualifying as hedges of the exposure to changes in the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.25 Td (value of an asset, liability or firm commitment attributable to a particular risk, such as interest-rate risk, are considered fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.25 Td (value hedges. Derivatives designated and qualifying as hedges of the exposure to variability in expected future cash flows or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 556.25 Td (other types of forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 Td (foreign currency exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.25 Td (the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.25 Td (hedged asset or liability that are attributable to the hedged risk in a fair value hedge or the earnings ef) Tj ET Q q 0 0 0 rg BT 455.00 520.25 Td (fect of the hedged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.25 Td (forecasted transactions in a cash flow hedge. Customers may enter into derivative contracts that are intended to economically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 496.25 Td (hedge certain of its risks; even though hedge accounting does not apply) Tj ET Q q 0 0 0 rg BT 334.61 496.25 Td (, or Customers elects not to apply hedge accounting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.25 Td (Prior to first quarter 2014, none of Customers' financial derivatives were designated in qualifying hedge relationships in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.25 Td (accordance with the applicable accounting guidance. ) Tj ET Q q 0 0 0 rg BT 264.96 460.25 Td (As such, all changes in fair value of the financial derivatives were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.25 Td (recognized directly in earnings. Beginning in March 2014, Customers entered into pay-fixed interest-rate swaps to hedge the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 436.25 Td (variable cash flows associated with the forecasted issuance of debt. Customers documented and designated these interest-rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.25 Td (swaps as cash flow hedges. ) Tj ET Q q 0 0 0 rg BT 163.46 424.25 Td (The ef) Tj ET Q q 0 0 0 rg BT 189.09 424.25 Td (fective portion of changes in the fair value of financial derivatives designated and qualifying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.25 Td (as cash flow hedges is recorded in accumulated other comprehensive income and is subsequently reclassified into earnings in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.25 Td (the period in which the hedged forecasted transaction af) Tj ET Q q 0 0 0 rg BT 273.12 400.25 Td (fects earnings. ) Tj ET Q q 0 0 0 rg BT 335.69 400.25 Td (The inef) Tj ET Q q 0 0 0 rg BT 369.10 400.25 Td (fective portion of the change in fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.25 Td (financial derivatives is recognized directly in earnings. ) Tj ET Q q 0 0 0 rg BT 273.03 388.25 Td (Amounts reported in accumulated other comprehensive income related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.25 Td (to financial derivatives will be reclassified to interest expense as interest payments are made on Customers' variable-rate debt. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.94 364.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.53 364.25 Td (, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.74 364.25 Td (nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.96 364.25 Td ( financial derivatives designated in qualifying cash flow hedge relationships with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.25 Td (a notional aggregate balance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.94 352.25 Td ($550.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.83 352.25 Td (. ) Tj ET Q q 0 0 0 rg BT 242.78 352.25 Td (As of December31, 2016, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.02 352.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.68 352.25 Td ( financial derivatives designated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.25 Td (in qualifying cash flow hedge relationships with a notional aggregate balance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.18 340.25 Td ($325.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.07 340.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.25 Td (Customers has also purchased and sold credit derivatives to either hedge or participate in the performance risk associated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.25 Td (some of its counterparties. ) Tj ET Q q 0 0 0 rg BT 159.85 304.25 Td (These derivatives were not designated in hedge relationships for accounting purposes and are being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.25 Td (recorded at their fair value, with fair value changes recorded directly in earnings. ) Tj ET Q q 0 0 0 rg BT 377.69 292.25 Td (At December 31, 2017 and 2016, Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.25 Td (had an outstanding notional balance of credit derivatives of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.14 280.25 Td ($80.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.04 280.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.47 280.25 Td ($44.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.37 280.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 469.03 280.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.25 Td (In accordance with the F) Tj ET Q q 0 0 0 rg BT 147.61 256.25 Td (ASB) Tj ET Q q 0 0 0 rg BT 169.84 256.25 Td (s fair value measurement guidance, Customers made an accounting policy election to measure the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (credit risk of its derivative financial instruments that are subject to master netting agreements on a net basis by counterparty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.25 Td (portfolio. See NOTE 21 - DERIV) Tj ET Q q 0 0 0 rg BT 185.69 232.25 Td (A) Tj ET Q q 0 0 0 rg BT 191.80 232.25 Td (TIVE INSTRUMENTS for additional information.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 202.25 Td (Compr) Tj ET Q q 0 0 0 rg BT 79.87 202.25 Td (ehensive Income \(Loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.25 Td (Comprehensive income \(loss\) consists of net income \(loss\) and other comprehensive income \(loss\). Other comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (income \(loss\) includes changes in unrealized gains and losses on securities available for sale arising during the period and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.25 Td (reclassification adjustments for realized gains and losses on securities available for sale included in net income. Unrealized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (gains and losses on securities available for sale include a component for unrealized changes in foreign currency exchange rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.25 Td (relating to Customers) Tj ET Q q 0 0 0 rg BT 138.19 130.25 Td ( investment in certain foreign equity securities. Other comprehensive income \(loss\) also includes the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 118.25 Td (fective portion of changes in fair value of financial derivatives designated and qualifying as cash flow hedges. Cash flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (hedge amounts classified as comprehensive income are subsequently reclassified into earnings in the period that the hedged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (forecasted transaction af) Tj ET Q q 0 0 0 rg BT 147.04 94.25 Td (fects earnings. ) Tj ET Q endstream endobj 245 0 obj <> endobj 246 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (121) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (Earnings per) Tj ET Q q 0 0 0 rg BT 105.16 742.25 Td ( Shar) Tj ET Q q 0 0 0 rg BT 128.04 742.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.25 Td (Basic earnings per share represents net income available to common shareholders divided by the weighted-average number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.25 Td (common shares outstanding during the period. Diluted earnings per share includes all potentially dilutive common shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.25 Td (outstanding during the period. Potential common shares that may be issued related to outstanding stock options, restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.25 Td (stock units and warrants are determined using the treasury stock method.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 658.25 Td (Loss Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 634.25 Td (Loss contingencies, including claims and legal actions arising in the ordinary course of business, are recorded as liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 622.25 Td (when the likelihood of loss is probable and an amount or range of loss can be reasonably estimated. Management does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 610.25 Td (believe there are any such matters that will have a material ef) Tj ET Q q 0 0 0 rg BT 295.48 610.25 Td (fect on the consolidated financial statements that are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.50 598.25 Td (currently accrued for) Tj ET Q q 0 0 0 rg BT 133.79 598.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (Recently Issued ) Tj ET Q q 0 0 0 rg BT 118.39 574.25 Td (Accounting Standards and Updates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 550.25 Td (Accounting Standards ) Tj ET Q q 0 0 0 rg BT 146.75 550.25 Td (Adopted in 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 532.25 Td (Since January 1, 2017, Customers has adopted the following F) Tj ET Q q 0 0 0 rg BT 299.00 532.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 320.40 532.25 Td (Accounting Standard Updates \(ASUs\), none of which had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.25 Td (a material impact to Customers) Tj ET Q q 0 0 0 rg BT 177.05 520.25 Td ( consolidated financial statements:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 502.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 502.25 Td (Customers adopted ) Tj ET Q q 0 0 0 rg BT 164.38 502.25 Td (ASU 2016-05, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 225.22 502.25 Td (Derivatives and Hedging: Effect of Derivative Contract Novations on Existing ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 490.25 Td (Hedge ) Tj ET Q q 0 0 0 rg BT 113.92 490.25 Td (Accounting Relationships, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.40 490.25 Td (on a prospective basis. ) Tj ET Q q 0 0 0 rg BT 316.75 490.25 Td (This ) Tj ET Q q 0 0 0 rg BT 336.48 490.25 Td (ASU clarifies that a change in the counterparties to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 478.25 Td (derivative contract \(i.e., a novation\), in and of itself, does not require the dedesignation of a hedging relationship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 466.25 Td (provided that all the other hedge accounting criteria continue to be met. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 442.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 442.25 Td (Customers also adopted ) Tj ET Q q 0 0 0 rg BT 182.99 442.25 Td (ASU 2016-06, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 243.83 442.25 Td (Contingent Put and Call Options in Debt Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.99 442.25 Td (. ) Tj ET Q q 0 0 0 rg BT 465.31 442.25 Td (This ) Tj ET Q q 0 0 0 rg BT 485.04 442.25 Td (ASU clarifies that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 430.25 Td (a contingency of put or call exercise does not need to be evaluated to determine whether it relates to interest rates and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 418.25 Td (credit risk in an embedded derivative analysis of hybrid financial instruments. In other words, a contingent put or call ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 406.25 Td (option embedded in a debt instrument would be evaluated for possible separate accounting as a derivative instrument ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 394.25 Td (without regard to the nature of the exercise contingency) Tj ET Q q 0 0 0 rg BT 308.10 394.25 Td (. However) Tj ET Q q 0 0 0 rg BT 351.85 394.25 Td (, as required under the existing accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 382.25 Td (guidance, companies will still need to evaluate the other relevant embedded derivative guidance, such as whether the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 370.25 Td (payof) Tj ET Q q 0 0 0 rg BT 108.09 370.25 Td (f from the contingent put or call option is adjusted based on changes in an index other than interest rates or credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 358.25 Td (risk, and whether the debt involves a substantial premium or discount. ) Tj ET Q q 0 0 0 rg BT 370.82 358.25 Td (The adoption did not result in any significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 346.25 Td (impact to Customers) Tj ET Q q 0 0 0 rg BT 170.86 346.25 Td ( consolidated financial statements that would warrant the application on a modified retrospective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 334.25 Td (basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 310.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 310.25 Td (Customers also adopted ) Tj ET Q q 0 0 0 rg BT 182.99 310.25 Td (ASU 2016-07, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 243.83 310.25 Td (Simplifying the T) Tj ET Q q 0 0 0 rg BT 311.60 310.25 Td (ransition to the Equity Method of ) Tj ET Q q 0 0 0 rg BT 446.96 310.25 Td (Accounting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.51 310.25 Td (on a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 298.25 Td (prospective basis. ) Tj ET Q q 0 0 0 rg BT 161.41 298.25 Td (This ) Tj ET Q q 0 0 0 rg BT 181.14 298.25 Td (ASU eliminates the requirement for the retrospective use of the equity method of accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 286.25 Td (as a result of an increase in the level of ownership interest or degree of influence of an investor) Tj ET Q q 0 0 0 rg BT 464.80 286.25 Td (. ) Tj ET Q q 0 0 0 rg BT 472.12 286.25 Td (The amendments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 274.25 Td (require that the equity method investor add the cost of acquiring the additional interest in the investee to the current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 262.25 Td (basis of the investor) Tj ET Q q 0 0 0 rg BT 166.13 262.25 Td () Tj ET Q q 0 0 0 rg BT 168.91 262.25 Td (s previously held interest and adopt the equity method of accounting as of the date the investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 250.25 Td (becomes qualified for the equity method of accounting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 229.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 229.25 Td (Customers also adopted ) Tj ET Q q 0 0 0 rg BT 182.99 229.25 Td (ASU 2016-17, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 243.83 229.25 Td (Consolidation - Inter) Tj ET Q q 0 0 0 rg BT 327.90 229.25 Td (ests Held Thr) Tj ET Q q 0 0 0 rg BT 381.42 229.25 Td (ough Related Parties that ar) Tj ET Q q 0 0 0 rg BT 494.92 229.25 Td (e Under ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 217.25 Td (Common Contr) Tj ET Q q 0 0 0 rg BT 147.08 217.25 Td (ol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.86 217.25 Td (. ) Tj ET Q q 0 0 0 rg BT 162.18 217.25 Td (This ) Tj ET Q q 0 0 0 rg BT 181.91 217.25 Td (ASU amends the guidance included in ) Tj ET Q q 0 0 0 rg BT 337.43 217.25 Td (ASU 2015-02, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 398.26 217.25 Td (Consolidation: ) Tj ET Q q 0 0 0 rg BT 460.59 217.25 Td (Amendments to ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 205.25 Td (Consolidation ) Tj ET Q q 0 0 0 rg BT 144.49 205.25 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.38 205.25 Td ( which Customers adopted in first quarter 2016. ) Tj ET Q q 0 0 0 rg BT 374.27 205.25 Td (This ) Tj ET Q q 0 0 0 rg BT 394.00 205.25 Td (ASU makes a narrow amendment that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 193.25 Td (requires that a single decision maker considers indirect economic interests in an entity held through related parties that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 181.25 Td (are under common control on a proportionate basis when determining whether it is the primary beneficiary of that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 169.25 Td (variable interest entity \("VIE"\). Prior to this amendment, indirect interests held through related parties that are under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 157.25 Td (common control were to be considered equivalent of the single decision maker) Tj ET Q q 0 0 0 rg BT 401.05 157.25 Td () Tj ET Q q 0 0 0 rg BT 403.83 157.25 Td (s direct interests in their entirety which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 145.25 Td (could result in a single decision maker consolidating the ) Tj ET Q q 0 0 0 rg BT 312.77 145.25 Td (VIE. ) Tj ET Q q 0 0 0 rg BT 336.75 145.25 Td (The adoption did not result in any significant impact to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 133.25 Td (Customers) Tj ET Q q 0 0 0 rg BT 130.87 133.25 Td ( consolidated financial statements that would warrant the application on a full retrospective basis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 112.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 112.25 Td (In January 2017, the F) Tj ET Q q 0 0 0 rg BT 174.46 112.25 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 223.37 112.25 Td (ASU 2017-04, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 284.20 112.25 Td (Simplifying the T) Tj ET Q q 0 0 0 rg BT 351.61 112.25 Td (est for Goodwill Impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.78 112.25 Td (, which simplifies the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 100.25 Td (subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test that requires an entity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 88.25 Td (to determine the implied fair value of its goodwill through a hypothetical purchase price allocation. Instead, under this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 76.25 Td (ASU, an entity should recognize an impairment char) Tj ET Q q 0 0 0 rg BT 295.81 76.25 Td (ge for the amount by which the carrying amount exceeds the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 64.25 Td (reporting unit) Tj ET Q q 0 0 0 rg BT 142.99 64.25 Td (s fair value; however) Tj ET Q q 0 0 0 rg BT 226.72 64.25 Td (, the loss recognized should not exceed the total amount of goodwill allocated to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 52.25 Td (that reporting unit. ) Tj ET Q q 0 0 0 rg BT 164.66 52.25 Td (All other goodwill impairment guidance remains lar) Tj ET Q q 0 0 0 rg BT 372.75 52.25 Td (gely unchanged. ) Tj ET Q q 0 0 0 rg BT 443.10 52.25 Td (The same one-step ) Tj ET Q endstream endobj 247 0 obj <> endobj 248 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 742.10 Td (impairment test will be applied to goodwill at all reporting units, even those with zero or negative carrying amounts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 730.10 Td (Entities will also be required to disclose the amount of goodwill at reporting units with zero or negative carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 718.10 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 126.33 718.10 Td (An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 706.10 Td (quantitative impairment test is necessary) Tj ET Q q 0 0 0 rg BT 247.58 706.10 Td (. Customers early adopted this ) Tj ET Q q 0 0 0 rg BT 373.40 706.10 Td (ASU during its annual goodwill impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 694.10 Td (test in October 2017, which did not have a material impact to Customers) Tj ET Q q 0 0 0 rg BT 378.30 694.10 Td ( consolidated financial statements. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 673.10 Td (Accounting Standards ) Tj ET Q q 0 0 0 rg BT 146.75 673.10 Td (Adopted on January 1, 2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 649.10 Td (Customers has adopted the following F) Tj ET Q q 0 0 0 rg BT 205.69 649.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 227.09 649.10 Td (ASUs on January 1, 2018, none of which had a material impact to Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 637.10 Td (consolidated financial statements:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 616.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 616.10 Td (In February 2018, the F) Tj ET Q q 0 0 0 rg BT 181.96 616.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 230.87 616.10 Td (ASU 2018-02, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 291.70 616.10 Td (Reclassification of Certain T) Tj ET Q q 0 0 0 rg BT 406.06 616.10 Td (ax Effects fr) Tj ET Q q 0 0 0 rg BT 454.01 616.10 Td (om ) Tj ET Q q 0 0 0 rg BT 468.55 616.10 Td (Accumulated Other ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 604.10 Td (Compr) Tj ET Q q 0 0 0 rg BT 112.91 604.10 Td (ehensive Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.26 604.10 Td (, which allows for reclassification from accumulated other comprehensive income \(loss\) to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 592.10 Td (retained earnings for stranded tax ef) Tj ET Q q 0 0 0 rg BT 229.42 592.10 Td (fects resulting from the 2017 ) Tj ET Q q 0 0 0 rg BT 347.27 592.10 Td (T) Tj ET Q q 0 0 0 rg BT 352.68 592.10 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 422.13 592.10 Td (Act described in the "Income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 580.10 Td (T) Tj ET Q q 0 0 0 rg BT 90.91 580.10 Td (axes" section above. ) Tj ET Q q 0 0 0 rg BT 177.28 580.10 Td (The amount of the reclassification should include the ef) Tj ET Q q 0 0 0 rg BT 399.81 580.10 Td (fect of the change in the federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 568.10 Td (corporate income tax rate related to items remaining in accumulated other comprehensive income \(loss\). ) Tj ET Q q 0 0 0 rg BT 507.94 568.10 Td (The ) Tj ET Q q 0 0 0 rg BT 525.43 568.10 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 556.10 Td (would require an entity to disclose whether it elects to reclassify stranded tax ef) Tj ET Q q 0 0 0 rg BT 403.83 556.10 Td (fects from accumulated other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 544.10 Td (comprehensive income \(loss\) to retained earnings in the period of adoption and, more generally) Tj ET Q q 0 0 0 rg BT 466.95 544.10 Td (, a description of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 532.10 Td (accounting policy for releasing income tax ef) Tj ET Q q 0 0 0 rg BT 266.36 532.10 Td (fects from accumulated other comprehensive income \(loss\). ) Tj ET Q q 0 0 0 rg BT 510.26 532.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 520.10 Td (amendments in this update are ef) Tj ET Q q 0 0 0 rg BT 217.22 520.10 Td (fective for fiscal years, and interim periods within those fiscal years, beginning after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 508.10 Td (December 15, 2018. Early adoption of the amendments in this update is permitted for periods for which financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 496.10 Td (statements have not yet been issued or made available for issuance, including in the period the ) Tj ET Q q 0 0 0 rg BT 464.55 496.10 Td (Act was enacted. ) Tj ET Q q 0 0 0 rg BT 537.02 496.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 484.10 Td (December 31, 2017, Customers has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.69 484.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.58 484.10 Td ( in stranded tax ef) Tj ET Q q 0 0 0 rg BT 353.04 484.10 Td (fects in its accumulated other comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 472.10 Td (income resulting from the enactment of the ) Tj ET Q q 0 0 0 rg BT 260.17 472.10 Td (Act related to net unrealized losses on its available-for) Tj ET Q q 0 0 0 rg BT 477.66 472.10 Td (-sale securities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 460.10 Td (cash flow hedges. Customers adopted this ) Tj ET Q q 0 0 0 rg BT 257.70 460.10 Td (ASU on January 1, 2018, by recording the reclassification adjustment to its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 448.10 Td (beginning retained earnings. ) Tj ET Q q 0 0 0 rg BT 203.89 448.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 286.66 448.10 Td (ASU did not have a significant impact on Customers' financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 436.10 Td (condition, results of operations and consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 415.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 415.10 Td (In ) Tj ET Q q 0 0 0 rg BT 95.78 415.10 Td (August 2017, the F) Tj ET Q q 0 0 0 rg BT 171.71 415.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 220.61 415.10 Td (ASU 2017-12, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 281.44 415.10 Td (T) Tj ET Q q 0 0 0 rg BT 286.09 415.10 Td (ar) Tj ET Q q 0 0 0 rg BT 294.61 415.10 Td (geted Impr) Tj ET Q q 0 0 0 rg BT 337.83 415.10 Td (ovements to ) Tj ET Q q 0 0 0 rg BT 387.64 415.10 Td (Accounting for Hedging ) Tj ET Q q 0 0 0 rg BT 486.61 415.10 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.82 415.10 Td (, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 403.10 Td (amends the existing hedge accounting model and expands an entity) Tj ET Q q 0 0 0 rg BT 357.37 403.10 Td (s ability to hedge nonfinancial and financial risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 391.10 Td (components and reduce complexity in fair value hedges of interest-rate risk. ) Tj ET Q q 0 0 0 rg BT 394.38 391.10 Td (The ) Tj ET Q q 0 0 0 rg BT 411.87 391.10 Td (ASU eliminates the requirement to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 379.10 Td (separately measure and report hedge inef) Tj ET Q q 0 0 0 rg BT 249.41 379.10 Td (fectiveness and generally requires the entire change in the fair value of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 367.10 Td (hedging instrument to be presented in the same income statement line as the hedged item. ) Tj ET Q q 0 0 0 rg BT 448.83 367.10 Td (The ) Tj ET Q q 0 0 0 rg BT 466.33 367.10 Td (ASU also changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 355.10 Td (certain documentation and assessment requirements and modifies the accounting for components excluded from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 343.10 Td (assessment of hedge ef) Tj ET Q q 0 0 0 rg BT 177.23 343.10 Td (fectiveness. ) Tj ET Q q 0 0 0 rg BT 228.98 343.10 Td (This ) Tj ET Q q 0 0 0 rg BT 248.70 343.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 287.97 343.10 Td (fective for public business entities for fiscal years beginning after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 331.10 Td (December 15, 2018, with early adoption permitted. Customers early adopted this ) Tj ET Q q 0 0 0 rg BT 413.48 331.10 Td (ASU on January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 519.40 331.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 319.10 Td (adoption of this ) Tj ET Q q 0 0 0 rg BT 150.22 319.10 Td (ASU did not have a significant impact on Customers' financial condition, results of operations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 307.10 Td (consolidated financial statements. However) Tj ET Q q 0 0 0 rg BT 261.98 307.10 Td (, by early adopting, Customers is now able to pursue additional hedging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 295.10 Td (strategies as described above, including the ability to apply fair value hedge accounting to a specified pool of assets by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 283.10 Td (excluding the portion of the hedged items related to prepayments, defaults and other events. ) Tj ET Q q 0 0 0 rg BT 457.71 283.10 Td (This will allow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 271.10 Td (Customers to better align its accounting and the financial reporting of its hedging activities with their economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 259.10 Td (objectives thereby reducing the earnings volatility resulting from these hedging activities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 238.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 238.10 Td (In May 2017, the F) Tj ET Q q 0 0 0 rg BT 161.70 238.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 210.60 238.10 Td (ASU 2017-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 271.43 238.10 Td (Compensation - Stock Compensation: Scope of Modification ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 226.10 Td (`Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.37 226.10 Td (, which clarifies when to account for a change to the terms or conditions of a share-based-payment award ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 214.10 Td (as a modification in ) Tj ET Q q 0 0 0 rg BT 166.59 214.10 Td (ASC 718. Under this ) Tj ET Q q 0 0 0 rg BT 254.93 214.10 Td (ASU, modification accounting is required only if the fair value, vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 202.10 Td (conditions or the classification of the award as equity or a liability changes as a result of the change in terms or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 190.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 134.48 190.10 Td (This ) Tj ET Q q 0 0 0 rg BT 154.21 190.10 Td (ASU does not change the accounting for modifications under ) Tj ET Q q 0 0 0 rg BT 401.10 190.10 Td (ASC 718. ) Tj ET Q q 0 0 0 rg BT 445.37 190.10 Td (The ) Tj ET Q q 0 0 0 rg BT 462.86 190.10 Td (ASU was ef) Tj ET Q q 0 0 0 rg BT 511.01 190.10 Td (fective for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 178.10 Td (Customers on January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 213.83 178.10 Td (Adoption of this new guidance must be applied prospectively to awards modified on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 166.10 Td (or after the adoption date. Customers generally does not modify the terms or conditions of its share-based-payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 154.10 Td (awards. ) Tj ET Q q 0 0 0 rg BT 121.14 154.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 203.91 154.10 Td (ASU did not have a significant impact on Customers' financial condition, results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 142.10 Td (operations and consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 121.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 121.10 Td (In February 2017, the F) Tj ET Q q 0 0 0 rg BT 179.46 121.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 228.37 121.10 Td (ASU 2017-05, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 289.20 121.10 Td (Clarifying the Scope of ) Tj ET Q q 0 0 0 rg BT 384.01 121.10 Td (Asset Der) Tj ET Q q 0 0 0 rg BT 422.79 121.10 Td (ecognition Guidance and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 109.10 Td (Accounting for Partial Sales of Nonfinancial ) Tj ET Q q 0 0 0 rg BT 266.97 109.10 Td (Assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.97 109.10 Td (which clarifies the scope and application of the accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 97.10 Td (guidance on the sale of nonfinancial assets to non-customers, including partial sales. ) Tj ET Q q 0 0 0 rg BT 427.73 97.10 Td (This ) Tj ET Q q 0 0 0 rg BT 447.45 97.10 Td (ASU defines an in-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 85.10 Td (substance nonfinancial asset, in part, as a financial asset promised to a counterparty in a contract if substantially all of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 73.10 Td (the fair value of the assets \(recognized and unrecognized\) that are promised to the counterparty in the contract is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 61.10 Td (concentrated in nonfinancial assets. If substantially all of the fair value of the assets that are promised to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 49.10 Td (counterparty in a contract is concentrated in nonfinancial assets, then all of the financial assets promised to the ) Tj ET Q endstream endobj 249 0 obj <> endobj 250 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 742.10 Td (counterparty are in substance nonfinancial assets within the scope of Subtopic 610-20. ) Tj ET Q q 0 0 0 rg BT 435.78 742.10 Td (This ) Tj ET Q q 0 0 0 rg BT 455.51 742.10 Td (ASU also unifies the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 730.10 Td (guidance related to partial sales of nonfinancial assets, eliminates rules specifically addressing the sales of real estate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 718.10 Td (removes exceptions to the financial asset derecognition model and clarifies the accounting for contributions of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 706.10 Td (nonfinancial assets to joint ventures. ) Tj ET Q q 0 0 0 rg BT 236.12 706.10 Td (This ) Tj ET Q q 0 0 0 rg BT 255.85 706.10 Td (ASU was ef) Tj ET Q q 0 0 0 rg BT 303.99 706.10 Td (fective for Customers on January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 476.55 706.10 Td (The adoption of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 694.10 Td (ASU did not have a significant impact on Customers' financial condition, results of operations and consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 682.10 Td (financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 661.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 661.10 Td (In January 2017, the F) Tj ET Q q 0 0 0 rg BT 174.46 661.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 223.37 661.10 Td (ASU 2017-01, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 284.20 661.10 Td (Clarifying the Definition of a Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.36 661.10 Td (, which narrows the definition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 649.10 Td (of a business and clarifies that to be considered a business, the fair value of gross assets acquired \(or disposed of\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 637.10 Td (should not be concentrated in a single identifiable asset or a group of similar identifiable assets. In addition, to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 625.10 Td (considered a business, an acquisition would have to include an input and a substantive process that together will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 613.10 Td (significantly contribute to the ability to create an output. ) Tj ET Q q 0 0 0 rg BT 315.16 613.10 Td (Also, the amendments narrow the definition of the term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 601.10 Td (output so that it is consistent with how outputs are defined in ) Tj ET Q q 0 0 0 rg BT 339.91 601.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 361.68 601.10 Td (T) Tj ET Q q 0 0 0 rg BT 367.09 601.10 Td (opic 606, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 406.81 601.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 449.47 601.10 Td (om Contracts with ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 589.10 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.28 589.10 Td (. ) Tj ET Q q 0 0 0 rg BT 135.60 589.10 Td (This ) Tj ET Q q 0 0 0 rg BT 155.33 589.10 Td (ASU was ef) Tj ET Q q 0 0 0 rg BT 203.47 589.10 Td (fective for Customers on January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 375.66 589.10 Td (Adoption of this new guidance must be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 577.10 Td (applied on a prospective basis. ) Tj ET Q q 0 0 0 rg BT 210.29 577.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 293.05 577.10 Td (ASU did not have a significant impact on Customers' financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 565.10 Td (condition, results of operations and consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 544.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 544.10 Td (In November 2016, the F) Tj ET Q q 0 0 0 rg BT 185.57 544.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 234.47 544.10 Td (ASU 2016-18, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 295.31 544.10 Td (Statement of Cash Flows: Restricted Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.46 544.10 Td (, which requires that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 532.10 Td (statement of cash flows explains the change during the period in the total of cash, cash equivalents, and amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 520.10 Td (generally described as restricted cash or restricted cash equivalents. ) Tj ET Q q 0 0 0 rg BT 360.48 520.10 Td (Therefore, amounts generally described as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 508.10 Td (restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 496.10 Td (beginning-of-period and end-of-period total amounts shown on the statement of cash flows. ) Tj ET Q q 0 0 0 rg BT 456.90 496.10 Td (This ) Tj ET Q q 0 0 0 rg BT 476.62 496.10 Td (ASU was ef) Tj ET Q q 0 0 0 rg BT 524.77 496.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 484.10 Td (for Customers on January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 227.99 484.10 Td (As the adoption did not result in any significant impact to Customers) Tj ET Q q 0 0 0 rg BT 506.37 484.10 Td ( consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 472.10 Td (financial statements, including its consolidated statement of cash flows, it did not result in a retrospective application. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 460.10 Td (See NOTE 2 - ) Tj ET Q q 0 0 0 rg BT 144.38 460.10 Td (ACQUISITION ) Tj ET Q q 0 0 0 rg BT 210.76 460.10 Td (ACTIVITY) Tj ET Q q 0 0 0 rg BT 257.60 460.10 Td ( and NOTE 3 - SPIN-OFF ) Tj ET Q q 0 0 0 rg BT 364.83 460.10 Td (AND MERGER for a description of the nature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 448.10 Td (of the restrictions on the Customers' restricted cash balances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 427.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 427.10 Td (In October 2016, the F) Tj ET Q q 0 0 0 rg BT 175.57 427.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 224.47 427.10 Td (ASU 2016-16-) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 283.64 427.10 Td (Income T) Tj ET Q q 0 0 0 rg BT 320.21 427.10 Td (axes \(T) Tj ET Q q 0 0 0 rg BT 348.45 427.10 Td (opic 740\): Intra-Entity T) Tj ET Q q 0 0 0 rg BT 449.55 427.10 Td (ransfers of ) Tj ET Q q 0 0 0 rg BT 494.93 427.10 Td (Assets Other ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 415.10 Td (Than Inventory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.88 415.10 Td (, which requires that an entity recognize the income tax consequences of an intra-entity transfer of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 403.10 Td (asset other than inventory when the transfer occurs. ) Tj ET Q q 0 0 0 rg BT 296.36 403.10 Td (This eliminates the current exception for all intra-entity transfers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 391.10 Td (of an asset other than inventory that requires deferral of the tax ef) Tj ET Q q 0 0 0 rg BT 347.43 391.10 Td (fects until the asset is sold to a third party or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 379.10 Td (otherwise recovered through use. ) Tj ET Q q 0 0 0 rg BT 223.05 379.10 Td (This ) Tj ET Q q 0 0 0 rg BT 242.78 379.10 Td (ASU was ef) Tj ET Q q 0 0 0 rg BT 290.92 379.10 Td (fective for Customers on January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 463.48 379.10 Td (The adoption of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 367.10 Td (ASU did not have a significant impact on Customers' financial condition, results of operations and consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 355.10 Td (financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 334.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 334.10 Td (In ) Tj ET Q q 0 0 0 rg BT 95.78 334.10 Td (August 2016, the F) Tj ET Q q 0 0 0 rg BT 171.71 334.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 220.61 334.10 Td (ASU 2016-15, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 281.44 334.10 Td (Statement of Cash Flows: Classification of Certain Cash Receipts ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 322.10 Td (and Cash Payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.94 322.10 Td (, which aims to reduce the existing diversity in practice with regards to the following specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 310.10 Td (items in the statement of cash flows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 286.10 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 286.10 Td (Cash payments for debt prepayment or extinguishment costs will be classified in financing activities. Upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 274.10 Td (settlement of zero-coupon bonds and bonds with insignificant cash coupons, the portion of the payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 262.10 Td (attributable to imputed interest will be classified as an operating activity) Tj ET Q q 0 0 0 rg BT 409.65 262.10 Td (, while the portion of the payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 250.10 Td (attributable to principal will be classified as a financing activity) Tj ET Q q 0 0 0 rg BT 375.49 250.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 238.10 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 238.10 Td (Cash paid by an acquirer soon after a business combination \(i.e., approximately three months or less\) for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 226.10 Td (settlement of a contingent consideration liability will be classified in investing activities. Payments made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 214.10 Td (thereafter should be separated between financing activities and operating activities. Cash payments up to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 202.10 Td (amount of the contingent consideration liability recognized at the acquisition date will be classified in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 190.10 Td (financing activities; any excess will be classified in operating activities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 178.10 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 178.10 Td (Cash proceeds received from the settlement of insurance claims will be classified on the basis of the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 166.10 Td (insurance coverage \(i.e., the nature of the loss\). Cash proceeds from lump-sum settlements will be classified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 154.10 Td (based on the nature of each loss component included in the settlement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 142.10 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 142.10 Td (Cash proceeds received from the settlement of bank-owned life insurance policies will be classified as cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 130.10 Td (inflows from investing activities. Cash payments for premiums on BOLI may be classified as cash outflows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 118.10 Td (for investing, operating or a combination of both. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 106.10 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 106.10 Td (A) Tj ET Q q 0 0 0 rg BT 128.17 106.10 Td ( transferor) Tj ET Q q 0 0 0 rg BT 169.91 106.10 Td () Tj ET Q q 0 0 0 rg BT 172.69 106.10 Td (s beneficial interest obtained in a securitization of financial assets will be disclosed as a non-cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 94.10 Td (activity) Tj ET Q q 0 0 0 rg BT 150.84 94.10 Td (, and cash received from beneficial interests will be classified in investing activities. Distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 82.10 Td (received from equity method investees will be classified using a cumulative-earnings approach or a look-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 70.10 Td (through approach as an accounting policy election. ) Tj ET Q endstream endobj 251 0 obj <> endobj 252 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.00 742.10 Td (ASU contains additional guidance clarifying when an entity should separate cash receipts and cash payments and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 730.10 Td (classify them into more than one class of cash flows \(including when reasonable judgment is required to estimate and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 718.10 Td (allocate cash flows\) versus when an entity should classify the aggregate amount into one class of cash flows on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 706.10 Td (basis of predominance. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 180.47 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.72 706.10 Td (This ) Tj ET Q q 0 0 0 rg BT 202.45 706.10 Td (ASU was ef) Tj ET Q q 0 0 0 rg BT 250.59 706.10 Td (fective for Customers on January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 422.78 706.10 Td (As the adoption did not result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 694.10 Td (any significant impact to Customers) Tj ET Q q 0 0 0 rg BT 232.51 694.10 Td ( consolidated financial statements, including its consolidated statement of cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 682.10 Td (flows, it did not result in a retrospective application.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 661.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 661.10 Td (In March 2016, the F) Tj ET Q q 0 0 0 rg BT 169.46 661.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 218.37 661.10 Td (ASU 2016-04, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 279.20 661.10 Td (Liabilities - Extinguishments of Liabilities: Recognition of Br) Tj ET Q q 0 0 0 rg BT 524.09 661.10 Td (eakage ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 649.10 Td (for Certain Pr) Tj ET Q q 0 0 0 rg BT 142.36 649.10 Td (epaid Stor) Tj ET Q q 0 0 0 rg BT 183.37 649.10 Td (ed-V) Tj ET Q q 0 0 0 rg BT 201.14 649.10 Td (alue Pr) Tj ET Q q 0 0 0 rg BT 230.49 649.10 Td (oducts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.59 649.10 Td (, that would require issuers of prepaid stored-value product \(such as gift ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 637.10 Td (cards, telecommunication cards, and traveler) Tj ET Q q 0 0 0 rg BT 264.68 637.10 Td () Tj ET Q q 0 0 0 rg BT 267.46 637.10 Td (s checks\), to derecognize the financial liability related to those products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 625.10 Td (for breakage. Breakage is the value of prepaid stored-value products that is not redeemed by consumers for goods, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 613.10 Td (services or cash. ) Tj ET Q q 0 0 0 rg BT 156.13 613.10 Td (There is currently a diversity in the methodology used to recognize breakage. Subtopic 405-20, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 601.10 Td (Extinguishment of Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.05 601.10 Td (, includes derecognition guidance for both financial liabilities and nonfinancial liabilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.26 589.10 Td (T) Tj ET Q q 0 0 0 rg BT 107.67 589.10 Td (opic 606, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 147.38 589.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 190.05 589.10 Td (om Contracts with Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.23 589.10 Td (, includes authoritative breakage guidance but excludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 577.10 Td (financial liabilities. ) Tj ET Q q 0 0 0 rg BT 167.52 577.10 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 265.28 577.10 Td (ASU provide a narrow scope exception to the guidance in Subtopic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 565.10 Td (405-20 to require that breakage be accounted for consistent with the breakage guidance in ) Tj ET Q q 0 0 0 rg BT 447.40 565.10 Td (T) Tj ET Q q 0 0 0 rg BT 452.81 565.10 Td (opic 606. ) Tj ET Q q 0 0 0 rg BT 494.85 565.10 Td (This ) Tj ET Q q 0 0 0 rg BT 514.57 565.10 Td (ASU was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 553.10 Td (ef) Tj ET Q q 0 0 0 rg BT 93.09 553.10 Td (fective for Customers on January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 265.65 553.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 348.42 553.10 Td (ASU did not have a significant impact on Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 541.10 Td (financial condition, results of operations and consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 520.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 520.10 Td (In January 2016, the F) Tj ET Q q 0 0 0 rg BT 174.46 520.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 223.37 520.10 Td (ASU 2016-01, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 284.20 520.10 Td (Recognition and Measur) Tj ET Q q 0 0 0 rg BT 382.70 520.10 Td (ement of Financial ) Tj ET Q q 0 0 0 rg BT 460.56 520.10 Td (Assets and Financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 508.10 Td (Liabilities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.06 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.38 508.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 216.70 508.10 Td (ASU among other things, \(i\) requires equity investments with certain exceptions, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 496.10 Td (be measured at fair value with changes in fair value recognized in net income, \(ii\) simplifies the impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 484.10 Td (assessment of equity investments without readily determinable fair values by requiring a qualitative assessment to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 472.10 Td (identify impairment, \(iii\) eliminates the requirement for public entities to disclose the methods and significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 460.10 Td (assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 448.10 Td (amortized cost on the balance sheet, \(iv\) requires public business entities to use the exit price notion when measuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 436.10 Td (the fair value of financial instruments for disclosure purposes, \(v\) requires an entity to present separately in other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 424.10 Td (comprehensive income the portion of the change in fair value of a liability resulting from a change in the instrument-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 412.10 Td (specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 400.10 Td (option for financial instruments, \(vi\) requires separate presentation of financial assets and financial liabilities by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 388.10 Td (measurement category and form of financial asset on the balance sheet or in the accompanying notes to the financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 376.10 Td (statements and \(vii\) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 364.10 Td (related to available-for) Tj ET Q q 0 0 0 rg BT 176.36 364.10 Td (-sale securities. ) Tj ET Q q 0 0 0 rg BT 242.82 364.10 Td (The guidance was ef) Tj ET Q q 0 0 0 rg BT 325.10 364.10 Td (fective for Customers on January 1, 2018 and was adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 352.10 Td (using a modified retrospective approach. ) Tj ET Q q 0 0 0 rg BT 253.32 352.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 336.09 352.10 Td (ASU on January 1, 2018, resulted in a cumulative-ef) Tj ET Q q 0 0 0 rg BT 546.41 352.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 340.10 Td (adjustment to Customers) Tj ET Q q 0 0 0 rg BT 187.53 340.10 Td ( consolidated balance sheet with a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.36 340.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.26 340.10 Td ( reduction in accumulated other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 328.10 Td (comprehensive income and a corresponding increase in retained earnings for the same amount. ) Tj ET Q q 0 0 0 rg BT 469.90 328.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.95 328.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.84 328.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 316.10 Td (represented the net unrealized gain on Customers' investment in Religare equity securities at December 31, 2017, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 302.90 Td (disclosed in NOTE 7 - INVESTMENT) Tj ET Q q 0 0 0 rg BT 241.69 302.90 Td ( SECURITIES.) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 303.36 302.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 281.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 281.90 Td (In May 2014, the F) Tj ET Q q 0 0 0 rg BT 161.70 281.90 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 210.60 281.90 Td (ASU 2014-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 271.43 281.90 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 314.09 281.90 Td (om Contracts with Customers \(T) Tj ET Q q 0 0 0 rg BT 443.75 281.90 Td (opic 606\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.79 281.90 Td (, superseding the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 269.90 Td (revenue recognition requirements in ) Tj ET Q q 0 0 0 rg BT 232.12 269.90 Td (ASC 605. ) Tj ET Q q 0 0 0 rg BT 276.39 269.90 Td (This ) Tj ET Q q 0 0 0 rg BT 296.12 269.90 Td (ASU requires an entity to recognize revenue for the transfer of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 257.90 Td (promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 245.90 Td (entitled in exchange for those goods or services. ) Tj ET Q q 0 0 0 rg BT 283.04 245.90 Td (The amendment includes a five-step process to assist an entity in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 233.90 Td (achieving the main principle\(s\) of revenue recognition under ) Tj ET Q q 0 0 0 rg BT 330.41 233.90 Td (ASC 605. In March 2016, the F) Tj ET Q q 0 0 0 rg BT 458.83 233.90 Td (ASB also issued ) Tj ET Q q 0 0 0 rg BT 526.34 233.90 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 221.90 Td (2016-08, an amendment to the guidance in ) Tj ET Q q 0 0 0 rg BT 258.23 221.90 Td (ASU 2014-09, which reframed the structure of the indicators of when an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 209.90 Td (entity is acting as an agent and focused on evidence that an entity is acting as the principal or agent in a revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 197.90 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 136.32 197.90 Td (ASU 2016-08 also eliminated two of the indicators \(the entity) Tj ET Q q 0 0 0 rg BT 386.55 197.90 Td (s consideration is in the form of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 185.90 Td (commission, and the entity is not exposed to credit risk\) in making that determination. ) Tj ET Q q 0 0 0 rg BT 434.98 185.90 Td (This amendment also clarifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 173.90 Td (that each indicator may be more or less relevant to the assessment depending on the terms and conditions of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 161.90 Td (contract. In May 2016, the F) Tj ET Q q 0 0 0 rg BT 201.40 161.90 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 250.30 161.90 Td (ASU 2016-12, an amendment to ) Tj ET Q q 0 0 0 rg BT 381.95 161.90 Td (ASU 2014-09, which provided practical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 149.90 Td (expedients related to disclosures of remaining performance obligations, as well as other amendments to guidance on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 137.90 Td (transition, collectability) Tj ET Q q 0 0 0 rg BT 179.83 137.90 Td (, non-cash consideration and presentation of sales and other similar taxes. ) Tj ET Q q 0 0 0 rg BT 479.00 137.90 Td (The amendments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 125.90 Td (collectively) Tj ET Q q 0 0 0 rg BT 131.50 125.90 Td (, should be applied retrospectively to each prior reporting period presented or as a cumulative ef) Tj ET Q q 0 0 0 rg BT 515.62 125.90 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 113.90 Td (adjustment as of the date of adoption \(modified retrospective approach\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 92.90 Td (Because the ) Tj ET Q q 0 0 0 rg BT 135.48 92.90 Td (ASU does not apply to revenue associated with leases and financial instruments \(including loans and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 80.90 Td (securities\), Customers concluded that the new guidance did not have a material impact on the elements of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 68.90 Td (consolidated statements of operations most closely associated with leases and financial instruments \(such as interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 56.90 Td (income, interest expense and securities gain\). ) Tj ET Q q 0 0 0 rg BT 271.64 56.90 Td (This ) Tj ET Q q 0 0 0 rg BT 291.37 56.90 Td (ASU was ef) Tj ET Q q 0 0 0 rg BT 339.51 56.90 Td (fective for Customers on January 1, 2018. Customers ) Tj ET Q endstream endobj 253 0 obj <> endobj 254 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 742.10 Td (completed its identification of all revenue streams included in its financial statements and has identified its deposit- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 730.10 Td (related fees, service char) Tj ET Q q 0 0 0 rg BT 184.14 730.10 Td (ges, debit and prepaid card interchange income and university fees to be within the scope of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 718.10 Td (the standard. Customers has also completed its review of the related contracts and its evaluation of certain costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 706.10 Td (related to these revenue streams to determine whether such costs should be presented as expenses or contra-revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 694.10 Td (\(i.e., gross vs. net\). ) Tj ET Q q 0 0 0 rg BT 166.05 694.10 Td (After completion of its review) Tj ET Q q 0 0 0 rg BT 286.47 694.10 Td (, Customers has determined that its debit and prepaid card ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 682.10 Td (interchange income, currently reported on a gross basis, will need to be presented on a net basis under this ) Tj ET Q q 0 0 0 rg BT 512.32 682.10 Td (ASU. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 670.10 Td (Customers will implement this change in its 2018 financial reporting and will update its prior comparative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 658.10 Td (consolidated income statements. ) Tj ET Q q 0 0 0 rg BT 220.01 658.10 Td (The impact of this presentation will result in the netting of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.79 658.10 Td ($3.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.68 658.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.12 658.10 Td ($1.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 646.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.39 646.10 Td ( of debit and prepaid card interchange expense to debit and prepaid card interchange income for the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 634.10 Td (ended December 31, 2017 and 2016, respectively) Tj ET Q q 0 0 0 rg BT 282.56 634.10 Td (. Customers' overall assessment indicates that adoption of this ) Tj ET Q q 0 0 0 rg BT 534.60 634.10 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 622.10 Td (will not materially change its current method and timing of recognizing revenue for the identified revenue streams. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 610.10 Td (Customers, however) Tj ET Q q 0 0 0 rg BT 167.31 610.10 Td (, is still in the process of developing additional quantitative and qualitative disclosures that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 598.10 Td (required upon the adoption of the new revenue recognition standard. Customers adopted this ) Tj ET Q q 0 0 0 rg BT 460.13 598.10 Td (ASU on January 1, 2018, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 586.10 Td (on a modified retrospective approach. ) Tj ET Q q 0 0 0 rg BT 241.65 586.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 324.42 586.10 Td (ASU, as discussed above, did not have a significant impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 574.10 Td (to Customers' financial condition, results of operations and consolidated financial statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (Accounting Standards Issued But Not ) Tj ET Q q 0 0 0 rg BT 212.78 550.10 Td (Y) Tj ET Q q 0 0 0 rg BT 218.89 550.10 Td (et ) Tj ET Q q 0 0 0 rg BT 228.61 550.10 Td (Adopted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (In July 2017, the F) Tj ET Q q 0 0 0 rg BT 124.04 526.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 172.94 526.10 Td (ASU 2017-1) Tj ET Q q 0 0 0 rg BT 223.40 526.10 Td (1, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 233.40 526.10 Td (Accounting for Certain Financial Instruments with Down Round Featur) Tj ET Q q 0 0 0 rg BT 521.35 526.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.68 526.10 Td (, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (will change the classification analysis of certain equity-linked financial instruments \(or embedded features\) with down round ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (features. ) Tj ET Q q 0 0 0 rg BT 88.46 502.10 Td (When determining whether certain financial instruments should be classified as liabilities or equity instruments, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (down round feature no longer precludes equity classification when assessing whether the instrument is indexed to an entity) Tj ET Q q 0 0 0 rg BT 544.09 490.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (own stock. ) Tj ET Q q 0 0 0 rg BT 97.28 478.10 Td (As a result, a freestanding equity-linked financial instrument \(or embedded conversion option\) would no longer be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (accounted for as a derivative liability at fair value as a result of the existence of a down round feature. For freestanding equity-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (classified financial instruments, the amendments require entities to recognize the ef) Tj ET Q q 0 0 0 rg BT 382.81 454.10 Td (fect of the down round feature when it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (triggered. ) Tj ET Q q 0 0 0 rg BT 92.91 442.10 Td (That ef) Tj ET Q q 0 0 0 rg BT 121.33 442.10 Td (fect is treated as a dividend and as a reduction of net income available to common shareholders in basic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (earnings per share \("EPS"\). For public business entities, the amendments in this ) Tj ET Q q 0 0 0 rg BT 372.89 430.10 Td (ASU are ef) Tj ET Q q 0 0 0 rg BT 417.69 430.10 Td (fective for fiscal years, and interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (periods within those fiscal years, beginning after December 15, 2018. Customers currently does not have any equity-linked ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (financial instruments \(or embedded features\) with down round features and, accordingly) Tj ET Q q 0 0 0 rg BT 402.34 406.10 Td (, does not expect the adoption of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (ASU to have a significant impact on its financial condition, results of operations and consolidated financial statements; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (however) Tj ET Q q 0 0 0 rg BT 83.53 382.10 Td (, Customers will continue to evaluate the potential impact of this ) Tj ET Q q 0 0 0 rg BT 344.03 382.10 Td (ASU through the adoption date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (In March 2017, the F) Tj ET Q q 0 0 0 rg BT 133.46 358.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 182.37 358.10 Td (ASU 2017-08, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 243.20 358.10 Td (Receivables-Nonr) Tj ET Q q 0 0 0 rg BT 314.47 358.10 Td (efundable Fees and Other Costs: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.17 358.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 451.67 358.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 461.30 358.10 Td (emium ) Tj ET Q q 0 0 0 rg BT 490.28 358.10 Td (Amortization on ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 64.13 346.10 Td (chased Callable Debt Securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.71 346.10 Td (which requires that premiums for certain callable debt securities held be amortized to their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (earliest call date. ) Tj ET Q q 0 0 0 rg BT 121.78 334.10 Td (This ) Tj ET Q q 0 0 0 rg BT 141.51 334.10 Td (ASU does not af) Tj ET Q q 0 0 0 rg BT 207.71 334.10 Td (fect the accounting for securities purchased at a discount. ) Tj ET Q q 0 0 0 rg BT 441.60 334.10 Td (This ) Tj ET Q q 0 0 0 rg BT 461.33 334.10 Td (ASU will be ef) Tj ET Q q 0 0 0 rg BT 521.42 334.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (for Customers for its first reporting period beginning after December 15, 2018, with earlier adoption permitted. ) Tj ET Q q 0 0 0 rg BT 498.83 322.10 Td (Adoption of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (this new guidance must be applied on a modified retrospective approach. Customers currently has an immaterial amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (callable debt securities purchased at a premium and, accordingly) Tj ET Q q 0 0 0 rg BT 307.36 298.10 Td (, does not expect the adoption of this ) Tj ET Q q 0 0 0 rg BT 456.50 298.10 Td (ASU to have a significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (impact on its financial condition, results of operations and consolidated financial statements; however) Tj ET Q q 0 0 0 rg BT 456.49 286.10 Td (, Customers will continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (to evaluate the potential impact through the adoption date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (In June 2016, the F) Tj ET Q q 0 0 0 rg BT 125.70 250.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 174.60 250.10 Td (ASU 2016-13) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 230.43 250.10 Td (, Financial Instruments - Cr) Tj ET Q q 0 0 0 rg BT 342.56 250.10 Td (edit Losses: Measur) Tj ET Q q 0 0 0 rg BT 422.74 250.10 Td (ement of Cr) Tj ET Q q 0 0 0 rg BT 469.58 250.10 Td (edit Losses on ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (Financial Instruments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.60 238.10 Td (This ) Tj ET Q q 0 0 0 rg BT 165.33 238.10 Td (ASU requires an entity to utilize a new impairment model known as the current expected credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (loss \("CECL"\) model to estimate lifetime expected credit loss and record an allowance that, when deducted from the amortized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (cost basis of the financial asset \(including HTM securities\), presents the net amount expected to be collected on the financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (asset. ) Tj ET Q q 0 0 0 rg BT 76.26 202.10 Td (This ) Tj ET Q q 0 0 0 rg BT 95.98 202.10 Td (ASU will replace today) Tj ET Q q 0 0 0 rg BT 192.90 202.10 Td (s incurred loss approach. ) Tj ET Q q 0 0 0 rg BT 306.01 202.10 Td (The CECL) Tj ET Q q 0 0 0 rg BT 349.25 202.10 Td ( model is expected to result in earlier recognition of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (credit losses. For available-for) Tj ET Q q 0 0 0 rg BT 173.43 190.10 Td (-sale debt securities, entities will be required to record allowances for credit losses rather than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (reduce the carrying amount, as they do today under the OTTI model, and will be allowed to reverse previously established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (allowances in the event the credit of the issuer improves. It also simplifies the accounting model for purchased credit-impaired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (debt securities and loans. ) Tj ET Q q 0 0 0 rg BT 154.85 154.10 Td (This ) Tj ET Q q 0 0 0 rg BT 174.57 154.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 213.84 154.10 Td (fective for Customers for its first reporting period beginning after December 15, 2019. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (Earlier adoption is also permitted. ) Tj ET Q q 0 0 0 rg BT 189.74 142.10 Td (Adoption of the new guidance can be applied through a cumulative-ef) Tj ET Q q 0 0 0 rg BT 469.47 142.10 Td (fect adjustment to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (retained earnings as of the beginning of the first reporting period in which the guidance is adopted. Customers is currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (evaluating the impact of this ) Tj ET Q q 0 0 0 rg BT 165.31 118.10 Td (ASU, initiating implementation ef) Tj ET Q q 0 0 0 rg BT 301.77 118.10 Td (forts across the company and planning for loss modeling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (requirements consistent with lifetime expected loss estimates. It is expected that the new model will include dif) Tj ET Q q 0 0 0 rg BT 496.98 106.10 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (assumptions used in calculating credit losses, such as estimating losses over the estimated life of a financial asset and will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (consider expected future changes in macroeconomic conditions. ) Tj ET Q q 0 0 0 rg BT 310.61 82.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 393.38 82.10 Td (ASU may result in an increase to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (Customers' allowance for loan losses which will depend upon the nature and characteristics of Customers' loan portfolio at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (adoption date, as well as the macroeconomic conditions and forecasts at that date. Customers currently does not intend to early ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (adopt this new guidance.) Tj ET Q endstream endobj 255 0 obj <> endobj 256 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (In February 2016, the F) Tj ET Q q 0 0 0 rg BT 143.46 742.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 192.37 742.10 Td (ASU 2016-02, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 253.20 742.10 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.42 742.10 Td (, which supersedes the current lease accounting guidance for both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (lessees and lessors under ) Tj ET Q q 0 0 0 rg BT 151.15 730.10 Td (ASC 840, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 193.10 730.10 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.32 730.10 Td (. From the lessee's perspective, the new standard establishes a right-of-use \("ROU"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (12 months. Leases will be classified as either finance or operating, with classification af) Tj ET Q q 0 0 0 rg BT 403.65 706.10 Td (fecting the pattern of expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (recognition in the income statement for lessees. ) Tj ET Q q 0 0 0 rg BT 244.54 694.10 Td (The new guidance will require lessors to account for leases using an approach ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (that is substantially similar to the existing guidance for sales-type, direct financing leases and operating leases. ) Tj ET Q q 0 0 0 rg BT 496.69 682.10 Td (The new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (standard is ef) Tj ET Q q 0 0 0 rg BT 102.63 670.10 Td (fective for Customers for its first reporting period beginning after December 15, 2018. Early adoption is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 94.77 658.10 Td (A) Tj ET Q q 0 0 0 rg BT 101.44 658.10 Td ( modified retrospective transition approach is required for lessees for capital and operating leases existing at, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (entered into after) Tj ET Q q 0 0 0 rg BT 117.40 646.10 Td (, the beginning of the earliest comparative period presented in the financial statements, with certain practical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (expedients available. ) Tj ET Q q 0 0 0 rg BT 137.80 634.10 Td (A) Tj ET Q q 0 0 0 rg BT 144.47 634.10 Td ( modified retrospective transition approach is required for lessors for sales-type, direct financing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (operating leases existing at, or entered into after) Tj ET Q q 0 0 0 rg BT 241.25 622.10 Td (, the beginning of the earliest comparative period presented in the financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (statements, with certain practical expedients available. Customers is currently evaluating the impact of this ) Tj ET Q q 0 0 0 rg BT 481.31 610.10 Td (ASU on its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (financial condition and results of operations and expects to recognize right-of-use assets and lease liabilities for substantially all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (of its operating lease commitments based on the present value of unpaid lease payments as of the date of adoption. Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (does not intend to early adopt this ) Tj ET Q q 0 0 0 rg BT 186.98 574.10 Td (ASU. See NOTE 10 - BANK PREMISES ) Tj ET Q q 0 0 0 rg BT 359.49 574.10 Td (AND EQUIPMENT) Tj ET Q q 0 0 0 rg BT 441.25 574.10 Td ( for a summary of Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (undiscounted minimum lease commitments under operating leases in which Customers is the lessee as of December 31, 2017. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (NOTE 5 EARNINGS PER SHARE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (The following are the components and results of the Bancorp) Tj ET Q q 0 0 0 rg BT 297.43 514.10 Td (s earnings per share \("EPS"\) calculation for the periods presented. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 464.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 464.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 464.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 464.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 464.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 464.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 440.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 440.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 440.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 440.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 440.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 440.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 410.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 410.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 410.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 410.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 410.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 410.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 380.60 324.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 380.60 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 380.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 380.60 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 380.60 4.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 380.60 60.00 -11.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 354.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 354.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 354.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 354.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 354.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 354.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 490.6 m 434.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 490.6 m 438.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 490.6 m 498.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 490.6 m 502.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 490.6 m 562.5 490.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 477.6 m 434.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 477.6 m 562.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 477.6 m 498.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 477.6 m 502.5 477.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 450.6 m 434.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 448.6 m 434.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 450.6 m 498.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 448.6 m 498.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 450.6 m 562.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 448.6 m 562.5 448.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 395.6 m 434.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 395.6 m 498.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 395.6 m 562.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 381.6 m 434.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 379.6 m 434.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 381.6 m 498.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 379.6 m 498.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 381.6 m 562.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 379.6 m 562.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 379.6 m 434.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 381.6 m 434.5 381.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 494.85 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.10 494.86 Td (For the ) Tj ET Q q 0 0 0 rg BT 432.93 494.86 Td (Y) Tj ET Q q 0 0 0 rg BT 438.81 494.86 Td (ears Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 481.85 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.00 481.86 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 481.86 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 481.86 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 468.85 Td (\(amounts in thousands, except share and per share data\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 455.86 Td (Net income available to common shareholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.00 454.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.90 454.06 Td (64,378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.00 454.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 469.90 454.06 Td (69,187) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.00 454.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.90 454.06 Td (56,090) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 431.86 Td (W) Tj ET Q q 0 0 0 rg BT 61.13 431.86 Td (eighted-average number of common shares outstanding basic) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.10 430.06 Td (30,659,320) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.10 430.06 Td (27,596,020) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.10 430.06 Td (26,844,545) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 416.86 Td (Share-based compensation plans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.65 415.06 Td (1,917,451) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.65 415.06 Td (2,221,517) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.65 415.06 Td (1,516,297) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 401.86 Td (W) Tj ET Q q 0 0 0 rg BT 78.77 401.86 Td (arrants) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.90 400.06 Td (19,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.40 400.06 Td (196,1) Tj ET Q q 0 0 0 rg BT 485.65 400.06 Td (13) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.40 400.06 Td (324,097) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 386.86 Td (W) Tj ET Q q 0 0 0 rg BT 61.13 386.86 Td (eighted-average number of common shares diluted) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.10 385.06 Td (32,596,677) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.10 385.06 Td (30,013,650) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.10 385.06 Td (28,684,939) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 360.86 Td (Basic earnings per common share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 377.00 359.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.90 359.06 Td (2.10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.00 359.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.90 359.06 Td (2.51) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.00 359.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.90 359.06 Td (2.09) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 345.86 Td (Diluted earnings per common share) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.90 344.06 Td (1.97) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.90 344.06 Td (2.31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.90 344.06 Td (1.96) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (The following is a summary of securities that could potentially dilute basic EPS in the future that were not included in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (computation of diluted EPS because to do so would have been anti-dilutive for the periods presented. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 267.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 267.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 267.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 267.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 267.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 267.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 237.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 237.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 237.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 237.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 237.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 237.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 280.6 m 434.5 280.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 280.6 m 438.5 280.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 280.6 m 498.5 280.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 280.6 m 502.5 280.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 280.6 m 562.5 280.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 267.6 m 434.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 267.6 m 498.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 267.6 m 562.5 267.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 222.60000000000002 m 434.5 222.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 222.60000000000002 m 498.5 222.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 222.60000000000002 m 562.5 222.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 208.60000000000002 m 434.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 206.60000000000002 m 434.5 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 208.60000000000002 m 498.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 206.60000000000002 m 498.5 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 208.60000000000002 m 562.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 206.60000000000002 m 562.5 206.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 284.85 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.10 284.86 Td (For the ) Tj ET Q q 0 0 0 rg BT 432.93 284.86 Td (Y) Tj ET Q q 0 0 0 rg BT 438.81 284.86 Td (ears Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 271.85 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.00 271.86 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.00 271.86 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 271.86 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 258.86 Td (Anti-dilutive securities:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 243.86 Td (Share-based compensation plans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.00 242.06 Td (1,059,225) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.75 242.06 Td (894,720) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 242.06 Td (606,095) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 228.86 Td (W) Tj ET Q q 0 0 0 rg BT 78.77 228.86 Td (arrants) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.00 227.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 470.25 227.06 Td (52,242) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 227.06 Td (52,242) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 213.86 Td (T) Tj ET Q q 0 0 0 rg BT 93.87 213.86 Td (otal anti-dilutive securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.00 212.06 Td (1,059,225) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.75 212.06 Td (946,962) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.75 212.06 Td (658,337) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 257 0 obj <> endobj 258 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (127) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (NOTE 6 - CHANGES IN ) Tj ET Q q 0 0 0 rg BT 159.18 730.10 Td (ACCUMULA) Tj ET Q q 0 0 0 rg BT 217.88 730.10 Td (TED OTHER COMPREHENSIVE INCOME \(LOSS\) BY) Tj ET Q q 0 0 0 rg BT 464.49 730.10 Td ( COMPONENT) Tj ET Q q 0 0 0 rg BT 532.92 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (The following table presents the changes in accumulated other comprehensive income \(loss\) by component for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 694.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 694.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 174.97 694.10 Td (All amounts are presented net of tax. ) Tj ET Q q 0 0 0 rg BT 326.87 694.10 Td (Amounts in parentheses indicate reductions to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (accumulated other comprehensive income.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 594.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 594.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 594.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 594.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 594.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 594.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 594.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 594.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 594.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 594.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 594.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 566.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 566.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 566.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 566.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 566.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 566.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 566.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 566.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 566.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 566.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 566.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 538.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 538.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 538.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 538.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 538.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 538.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 538.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 538.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 538.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 538.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 538.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 510.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 510.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 510.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 510.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 510.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 510.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 510.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 510.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 510.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 510.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 510.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 482.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 482.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 482.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 482.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 482.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 482.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 482.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 482.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 482.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 482.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 482.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 454.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 454.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 454.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 454.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 454.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 454.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 454.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 454.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 454.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 454.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 454.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 426.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 426.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 426.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 426.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 426.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 426.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 426.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 426.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 426.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 426.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 426.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 398.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 398.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 398.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 398.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 398.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 398.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 398.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 398.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 398.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 398.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 398.60 52.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 646.6 m 329.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 646.6 m 333.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 646.6 m 378.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 646.6 m 382.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 646.6 m 440.5 646.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 594.6 m 329.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 594.6 m 378.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 594.6 m 440.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 594.6 m 504.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 594.6 m 561.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 594.6 m 329.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 594.6 m 378.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 594.6 m 440.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 594.6 m 504.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 594.6 m 561.5 594.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 510.6 m 329.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 496.6 m 329.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 510.6 m 378.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 496.6 m 378.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 510.6 m 440.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 496.6 m 440.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 510.6 m 504.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 496.6 m 504.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 510.6 m 561.5 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 496.6 m 561.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 496.6 m 329.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 496.6 m 378.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 496.6 m 440.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 496.6 m 504.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 496.6 m 561.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 412.6 m 329.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 398.6 m 329.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 412.6 m 378.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 398.6 m 378.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 412.6 m 440.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 398.6 m 440.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 412.6 m 504.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 398.6 m 504.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 412.6 m 561.5 412.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 398.6 m 561.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 398.6 m 329.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 385.6 m 329.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 383.6 m 329.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 398.6 m 378.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 385.6 m 378.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 383.6 m 378.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 398.6 m 440.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 385.6 m 440.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 383.6 m 440.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 398.6 m 504.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 385.6 m 504.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 383.6 m 504.5 383.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 398.6 m 561.5 398.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 385.6 m 561.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 383.6 m 561.5 383.6 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.55 650.86 Td (A) Tj ET Q q 0 0 0 rg BT 310.72 650.86 Td (vailable-for) Tj ET Q q 0 0 0 rg BT 352.27 650.86 Td (-Sale Securities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.80 637.86 Td (T) Tj ET Q q 0 0 0 rg BT 406.98 637.86 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.25 637.86 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 624.86 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.50 624.86 Td (Foreign) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 391.25 624.86 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.10 624.86 Td (Gains \(Losses\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.50 611.86 Td (Gains) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.75 611.86 Td (Currency) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.50 611.86 Td (Gains) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.95 611.86 Td (on Cash Flow) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 598.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.35 598.86 Td (\(Losses\) \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.50 598.86 Td (Items) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.75 598.86 Td (\(Losses\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.50 598.86 Td (Hedges) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.80 598.86 Td (T) Tj ET Q q 0 0 0 rg BT 530.67 598.86 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 585.06 Td (Balance, December 31, 20) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 147.21 585.06 Td (15) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.00 585.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 585.06 Td (\(4,602) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.00 585.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 585.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 358.50 585.06 Td (\(584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.00 585.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.00 585.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 585.06 Td (\(5,186) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.00 585.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.00 585.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.75 585.06 Td (\(2,798) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.00 585.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 585.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 585.06 Td (\(7,984) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 585.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 571.06 Td (Current period:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 557.06 Td ( Other comprehensive loss before) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 543.06 Td ( reclassifications) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 543.06 Td (\(1,872) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.00 543.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 358.50 543.06 Td (\(146) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 375.00 543.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 543.06 Td (\(2,018) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.00 543.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.50 543.06 Td (\(629) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.00 543.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 543.06 Td (\(2,647) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 543.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 529.06 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 529.06 Td (Amounts reclassified from accumulated other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 515.06 Td ( comprehensive income to net income \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.75 515.06 Td (3,793) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 515.06 Td (730) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.75 515.06 Td (4,523) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 515.06 Td (1,216) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 515.06 Td (5,739) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 501.06 Td (Net current-period other comprehensive income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.75 501.06 Td (1,921) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.50 501.06 Td (584) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.75 501.06 Td (2,505) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.50 501.06 Td (587) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 501.06 Td (3,092) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 487.06 Td (Balance, December 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 487.06 Td (\(2,681) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.00 487.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 487.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 487.06 Td (\(2,681) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.00 487.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.75 487.06 Td (\(2,21) Tj ET Q q 0 0 0 rg BT 496.50 487.06 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.00 487.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 487.06 Td (\(4,892) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 487.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 473.06 Td (Current period:) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 459.06 Td ( Other comprehensive income before) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 445.06 Td ( reclassifications) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.75 445.06 Td (7,800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 445.06 Td (88) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.75 445.06 Td (7,888) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.50 445.06 Td (406) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 445.06 Td (8,294) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 431.06 Td ( ) Tj ET Q q 0 0 0 rg BT 63.00 431.06 Td (Amounts reclassified from accumulated other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 417.06 Td ( comprehensive income to net income \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 417.06 Td (\(5,368) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.00 417.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 417.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 413.75 417.06 Td (\(5,368) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.00 417.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 417.06 Td (1,607) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 417.06 Td (\(3,761) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 417.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 403.06 Td ( Net current-period other comprehensive income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.75 403.06 Td (2,432) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 403.06 Td (88) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.75 403.06 Td (2,520) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 403.06 Td (2,013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 403.06 Td (4,533) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 389.06 Td (Balance, December 31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.00 389.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 309.50 389.06 Td (\(249) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.00 389.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 336.00 389.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 389.06 Td (88) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.00 389.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.50 389.06 Td (\(161) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.00 389.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 447.00 389.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.50 389.06 Td (\(198) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 501.00 389.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 389.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.50 389.06 Td (\(359) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 389.06 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (\(1\) Reclassification amounts for available-for) Tj ET Q q 0 0 0 rg BT 231.95 361.10 Td (-sale securities are reported as gain or loss on sale of investment securities or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (impairment loss on investment securities on the consolidated statements of income. During the years ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (2017 and 2016, reclassification amounts of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.68 337.10 Td ($8.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.57 337.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.40 337.10 Td ($5.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.30 337.10 Td ( net of taxes\) and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.66 337.10 Td ($25 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.27 337.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.10 337.10 Td ($16 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.71 337.10 Td ( net of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (taxes\), respectively) Tj ET Q q 0 0 0 rg BT 126.54 325.10 Td (, were reported as gain on sale of investment securities on the consolidated statements of income. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (the year ended December 31, 2016, reclassification amounts of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.13 313.10 Td ($7.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.02 313.10 Td ( \() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.85 313.10 Td ($4.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.74 313.10 Td ( net of taxes\) were reported as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (impairment loss on investment securities on the consolidated statements of income. Impairment losses recorded during the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (year ended December 31, 2017, were not previously deferred in accumulated comprehensive income \(loss\) because Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (decided to sell the securities as of December 31, 2016. Reclassification amounts for cash flow hedges are reported as interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (expense on FHLB advances on the consolidated statements of income.) Tj ET Q endstream endobj 259 0 obj <> endobj 260 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (128) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE 7 INVESTMENT) Tj ET Q q 0 0 0 rg BT 162.90 742.25 Td ( SECURITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The amortized cost and approximate fair value of investment securities as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.22 718.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.81 718.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.25 718.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.25 718.25 Td (, are summarized as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 634.75 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 634.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 634.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 634.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 634.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 634.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 634.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 634.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 595.75 240.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 595.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 595.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 595.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 595.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 595.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 595.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 595.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 555.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 555.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 555.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 555.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 555.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 555.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 555.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 555.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 682.75 m 355.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 682.75 m 359.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 682.75 m 424.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 682.75 m 428.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 682.75 m 493.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 682.75 m 497.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 682.75 m 562.5 682.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 647.75 m 355.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 647.75 m 424.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 647.75 m 493.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 647.75 m 562.5 647.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 540.75 m 355.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 540.75 m 424.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 540.75 m 493.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 540.75 m 562.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 540.75 m 355.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 526.75 m 355.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 524.75 m 355.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 540.75 m 424.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 526.75 m 424.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 524.75 m 424.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 540.75 m 493.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 526.75 m 493.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 524.75 m 493.5 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 540.75 m 562.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 526.75 m 562.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 524.75 m 562.5 524.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 687.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.60 687.01 Td (December 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 652.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 661.21 Td (Amortized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.20 652.21 Td (Cost) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.95 670.21 Td (Gross) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.75 661.21 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 652.21 Td (Gains) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.95 670.21 Td (Gross) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 661.21 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.25 652.21 Td (Losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.95 652.21 Td (Fair ) Tj ET Q q 0 0 0 rg BT 527.53 652.21 Td (V) Tj ET Q q 0 0 0 rg BT 533.04 652.21 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 639.00 Td (\(amounts in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 625.48 Td (A) Tj ET Q q 0 0 0 rg BT 58.93 625.48 Td (vailable for Sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 611.32 Td (Agency-guaranteed residential mortgage-backed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 601.32 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 600.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 600.42 Td (186,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 600.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 600.42 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 600.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 600.47 Td (\(2,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 600.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 600.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 600.42 Td (183,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 586.32 Td (Agency-guaranteed commercial real estate mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 576.32 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 575.42 Td (238,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 575.42 Td (432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 575.47 Td (\(769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 575.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 575.42 Td (238,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 561.32 Td (Corporate notes \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 560.42 Td (44,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 560.42 Td (1,130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 560.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 560.42 Td (46,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 546.32 Td (Equity securities \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 545.42 Td (2,31) Tj ET Q q 0 0 0 rg BT 346.65 545.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 545.42 Td (1,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 545.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 545.42 Td (3,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 531.32 Td (T) Tj ET Q q 0 0 0 rg BT 76.41 531.32 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 530.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 530.42 Td (472,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 530.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 530.42 Td (2,639) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 530.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 530.47 Td (\(3,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 530.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 530.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 530.42 Td (471,371) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 514.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 514.25 Td (Includes subordinated debt issued by other bank holding companies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 502.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 502.25 Td (Includes equity securities issued by a foreign entity) Tj ET Q q 0 0 0 rg BT 285.02 502.25 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 424.75 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 424.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 424.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 424.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 424.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 424.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 424.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 424.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 385.75 240.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 385.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 385.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 385.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 385.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 385.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 385.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 385.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 345.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 345.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 345.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 345.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 345.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 345.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 345.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 345.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 466.75 m 355.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 466.75 m 359.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 466.75 m 424.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 466.75 m 428.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 466.75 m 493.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 466.75 m 497.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 466.75 m 562.5 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 437.75 m 355.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 437.75 m 424.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 437.75 m 493.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 437.75 m 562.5 437.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 330.75 m 355.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 330.75 m 424.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 330.75 m 493.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 330.75 m 562.5 330.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 316.75 m 355.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 314.75 m 355.5 314.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 316.75 m 424.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 314.75 m 424.5 314.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 316.75 m 493.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 314.75 m 493.5 314.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 316.75 m 562.5 316.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 314.75 m 562.5 314.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 471.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.60 471.01 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 442.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 451.21 Td (Amortized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.20 442.21 Td (Cost) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 380.95 458.01 Td (Gross) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.75 449.01 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.00 440.06 Td (Gains) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.95 458.01 Td (Gross) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.75 449.01 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.25 440.06 Td (Losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 510.95 442.21 Td (Fair ) Tj ET Q q 0 0 0 rg BT 527.53 442.21 Td (V) Tj ET Q q 0 0 0 rg BT 533.04 442.21 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 429.00 Td (\(amounts in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 415.48 Td (A) Tj ET Q q 0 0 0 rg BT 58.93 415.48 Td (vailable for Sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 401.32 Td (Agency-guaranteed residential mortgage-backed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 391.32 Td (securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 390.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 390.42 Td (233,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 390.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 390.42 Td (918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 390.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 390.47 Td (\(2,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 390.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 390.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 390.42 Td (231,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 376.32 Td (Agency-guaranteed commercial real estate mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 366.32 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 365.42 Td (204,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 365.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 365.47 Td (\(2,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 365.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 365.42 Td (201,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 351.32 Td (Corporate notes \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 350.42 Td (44,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 350.42 Td (401) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 350.47 Td (\(185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 350.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 350.42 Td (45,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 336.32 Td (Equity securities \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 335.42 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 335.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 335.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 335.42 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 321.32 Td (T) Tj ET Q q 0 0 0 rg BT 76.41 321.32 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 320.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 320.42 Td (497,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 320.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 320.42 Td (1,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 320.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 320.47 Td (\(5,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 320.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 320.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 320.42 Td (493,474) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 564.00 316.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 304.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 304.25 Td (Includes subordinated debt issued by other bank holding companies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 292.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 292.25 Td (Includes equity securities issued by a foreign entity) Tj ET Q q 0 0 0 rg BT 285.02 292.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (The following table shows proceeds from the sale of available-for) Tj ET Q q 0 0 0 rg BT 313.32 256.25 Td (-sale investment securities, gross gains and gross losses on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (those sales of securities:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 229.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 180.35 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 180.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 180.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 180.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 180.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 180.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 150.35 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 150.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 150.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 150.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 150.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 150.35 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 206.35000000000002 m 424.5 206.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 206.35000000000002 m 428.5 206.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 206.35000000000002 m 493.5 206.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 206.35000000000002 m 497.5 206.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 206.35000000000002 m 562.5 206.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 193.35000000000002 m 424.5 193.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 193.35000000000002 m 493.5 193.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 193.35000000000002 m 562.5 193.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 166.35000000000002 m 424.5 166.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 164.35000000000002 m 424.5 164.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 166.35000000000002 m 493.5 166.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 164.35000000000002 m 493.5 164.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 166.35000000000002 m 562.5 166.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 164.35000000000002 m 562.5 164.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 135.35000000000002 m 424.5 135.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 135.35000000000002 m 493.5 135.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 135.35000000000002 m 562.5 135.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 121.35000000000002 m 424.5 121.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 119.35000000000002 m 424.5 119.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 121.35000000000002 m 493.5 121.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 119.35000000000002 m 493.5 119.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 121.35000000000002 m 562.5 121.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 119.35000000000002 m 562.5 119.35000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 210.60 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.60 210.61 Td (For the ) Tj ET Q q 0 0 0 rg BT 425.43 210.61 Td (Y) Tj ET Q q 0 0 0 rg BT 431.31 210.61 Td (ears Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 197.60 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.50 197.61 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 197.61 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.50 197.61 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 184.60 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 170.92 Td (Proceeds from sale of available-for) Tj ET Q q 0 0 0 rg BT 193.39 170.92 Td (-sale investment securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 170.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 170.02 Td (769,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 170.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 170.02 Td (2,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 170.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 170.02 Td (806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 155.92 Td (Gross gains) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 155.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 155.02 Td (8,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 155.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 155.02 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 155.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 155.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 140.92 Td (Gross losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 140.07 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 140.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 140.07 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 140.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 140.07 Td (\(85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 140.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 125.92 Td (Net gains \(losses\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 125.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 125.02 Td (8,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 125.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 125.02 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 125.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 125.07 Td (\(85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 125.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.85 Td (These gains and losses were determined using the specific identification method and were included in non-interest income.) Tj ET Q endstream endobj 261 0 obj <> endobj 262 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The following table shows debt investment securities by stated maturity) Tj ET Q q 0 0 0 rg BT 336.79 742.10 Td (. Investment securities backed by mortgages have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (expected maturities that dif) Tj ET Q q 0 0 0 rg BT 158.95 730.10 Td (fer from contractual maturities because borrowers have the right to call or prepay and are, therefore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (classified separately with no specific maturity date:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 635.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 635.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 635.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 635.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 605.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 605.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 605.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 605.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 575.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 575.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 575.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 575.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 545.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 545.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 545.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 545.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 682.6 m 493.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 682.6 m 497.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 682.6 m 562.5 682.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 669.6 m 493.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 669.6 m 497.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 669.6 m 562.5 669.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 648.6 m 493.5 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 648.6 m 562.5 648.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 545.6 m 493.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 545.6 m 562.5 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 531.6 m 493.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 529.6 m 493.5 529.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 531.6 m 562.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 529.6 m 562.5 529.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 686.85 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.60 686.86 Td (December 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 673.85 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 462.55 673.86 Td (A) Tj ET Q q 0 0 0 rg BT 468.38 673.86 Td (vailable for Sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 652.85 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 660.86 Td (Amortized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.20 651.86 Td (Cost) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.25 660.86 Td (Fair) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.25 651.86 Td (V) Tj ET Q q 0 0 0 rg BT 524.75 651.86 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 639.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 626.17 Td (Due in one year or less) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 625.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 625.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 625.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 625.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 611.17 Td (Due after one year through five years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 610.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 610.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 596.17 Td (Due after five years through ten years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 595.27 Td (42,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 595.27 Td (44,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.17 Td (Due after ten years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 580.27 Td (2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 580.27 Td (2,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.17 Td (Agency-guaranteed residential mortgage-backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 565.27 Td (186,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 565.27 Td (183,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.17 Td (Agency-guaranteed commercial mortgage-backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 550.27 Td (238,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 550.27 Td (238,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 536.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 536.17 Td (otal debt securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 535.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 535.27 Td (469,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 535.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 535.27 Td (468,019) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 507.10 Td (Gross unrealized losses and fair value of Customers' investment securities aggregated by investment category and length of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 495.10 Td (time that individual securities have been in a continuous unrealized loss position were as follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 480.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 410.20 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 410.20 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 410.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 410.20 165.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 410.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 410.20 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 410.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 410.20 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 371.20 180.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 371.20 51.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 371.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 371.20 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 371.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 371.20 51.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 371.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 371.20 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 371.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 371.20 51.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 371.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 371.20 53.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 457.2 m 281.5 457.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 457.2 m 285.5 457.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 457.2 m 338.5 457.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 457.2 m 342.5 457.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 457.2 m 393.5 457.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 457.2 m 397.5 457.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 457.2 m 450.5 457.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 457.2 m 454.5 457.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 457.2 m 505.5 457.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 457.2 m 509.5 457.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 457.2 m 562.5 457.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 444.2 m 281.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 444.2 m 285.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 444.2 m 338.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 444.2 m 393.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 444.2 m 397.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 444.2 m 450.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 444.2 m 505.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 444.2 m 509.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 444.2 m 562.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 423.2 m 281.5 423.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 423.2 m 338.5 423.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 423.2 m 393.5 423.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 423.2 m 450.5 423.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 423.2 m 505.5 423.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 423.2 m 562.5 423.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 346.2 m 281.5 346.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 332.2 m 281.5 332.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 330.2 m 281.5 330.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 346.2 m 338.5 346.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 332.2 m 338.5 332.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 330.2 m 338.5 330.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 346.2 m 393.5 346.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 332.2 m 393.5 332.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 330.2 m 393.5 330.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 346.2 m 450.5 346.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 332.2 m 450.5 332.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 330.2 m 450.5 330.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 346.2 m 505.5 346.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 332.2 m 505.5 332.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 330.2 m 505.5 330.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 346.2 m 562.5 346.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 332.2 m 562.5 332.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 330.2 m 562.5 330.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 461.45 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.60 461.46 Td (December 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 448.45 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.85 448.46 Td (Less than 12 months) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.85 448.46 Td (12 months or more) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.80 448.46 Td (T) Tj ET Q q 0 0 0 rg BT 503.98 448.46 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 427.45 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.95 427.66 Td (Fair) Tj ET Q q 0 0 0 rg BT 253.62 427.66 Td (V) Tj ET Q q 0 0 0 rg BT 259.54 427.66 Td (alue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.75 435.46 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.25 426.46 Td (Losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.95 427.66 Td (Fair) Tj ET Q q 0 0 0 rg BT 365.62 427.66 Td (V) Tj ET Q q 0 0 0 rg BT 371.54 427.66 Td (alue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.75 435.46 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.25 426.46 Td (Losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.95 427.66 Td (Fair) Tj ET Q q 0 0 0 rg BT 477.53 427.66 Td (V) Tj ET Q q 0 0 0 rg BT 483.04 427.66 Td (alue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 435.46 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.25 426.46 Td (Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 414.45 Td (\(amounts in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 400.93 Td (A) Tj ET Q q 0 0 0 rg BT 58.93 400.93 Td (vailable for Sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 386.77 Td (Agency-guaranteed residential mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 376.77 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.00 375.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.10 375.87 Td (104,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.00 375.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 375.92 Td (\(656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 375.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 375.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 375.87 Td (66,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 375.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.80 375.92 Td (\(2,143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 375.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 375.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 375.87 Td (171,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 375.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 375.92 Td (\(2,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 375.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 361.77 Td (Agency-guaranteed commercial mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 351.77 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.10 350.87 Td (1) Tj ET Q q 0 0 0 rg BT 250.10 350.87 Td (15,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 350.92 Td (\(740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 350.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 350.87 Td (6,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.30 350.92 Td (\(29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 350.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 350.87 Td (122,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 350.92 Td (\(769) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 350.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 336.77 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 336.77 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.00 335.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.10 335.87 Td (220,831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.00 335.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 335.92 Td (\(1,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 335.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 335.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 335.87 Td (72,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 335.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.80 335.92 Td (\(2,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 335.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 335.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 335.87 Td (293,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 335.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 335.92 Td (\(3,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 335.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 249.20 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 249.20 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 249.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 249.20 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 249.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 249.20 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 249.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 249.20 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 249.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 249.20 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 249.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 249.20 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 210.20 180.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 210.20 51.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 210.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 210.20 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 210.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 210.20 51.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 210.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 210.20 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 210.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 210.20 51.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 210.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 210.20 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 170.20 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 170.20 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 170.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 170.20 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 170.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 170.20 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 170.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 170.20 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 170.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 170.20 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 170.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 170.20 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 296.20000000000005 m 281.5 296.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 296.20000000000005 m 285.5 296.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 296.20000000000005 m 338.5 296.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 296.20000000000005 m 342.5 296.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 296.20000000000005 m 393.5 296.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 296.20000000000005 m 397.5 296.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 296.20000000000005 m 450.5 296.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 296.20000000000005 m 454.5 296.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 296.20000000000005 m 505.5 296.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 296.20000000000005 m 509.5 296.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 296.20000000000005 m 562.5 296.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 283.20000000000005 m 281.5 283.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 283.20000000000005 m 285.5 283.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 283.20000000000005 m 338.5 283.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 283.20000000000005 m 393.5 283.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 283.20000000000005 m 397.5 283.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 283.20000000000005 m 450.5 283.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 283.20000000000005 m 505.5 283.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 283.20000000000005 m 509.5 283.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 283.20000000000005 m 562.5 283.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 262.20000000000005 m 281.5 262.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 262.20000000000005 m 338.5 262.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 262.20000000000005 m 393.5 262.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 262.20000000000005 m 450.5 262.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 262.20000000000005 m 505.5 262.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 262.20000000000005 m 562.5 262.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 170.20000000000005 m 281.5 170.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 156.20000000000005 m 281.5 156.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 154.20000000000005 m 281.5 154.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 170.20000000000005 m 338.5 170.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 156.20000000000005 m 338.5 156.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 154.20000000000005 m 338.5 154.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 170.20000000000005 m 393.5 170.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 156.20000000000005 m 393.5 156.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 154.20000000000005 m 393.5 154.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 170.20000000000005 m 450.5 170.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 156.20000000000005 m 450.5 156.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 154.20000000000005 m 450.5 154.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 170.20000000000005 m 505.5 170.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 156.20000000000005 m 505.5 156.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 154.20000000000005 m 505.5 154.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 170.20000000000005 m 562.5 170.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 156.20000000000005 m 562.5 156.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 154.20000000000005 m 562.5 154.20000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 300.45 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.60 300.46 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 287.45 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.85 287.46 Td (Less than 12 months) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.85 287.46 Td (12 months or more) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.80 287.46 Td (T) Tj ET Q q 0 0 0 rg BT 503.98 287.46 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 266.45 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.95 266.66 Td (Fair) Tj ET Q q 0 0 0 rg BT 253.62 266.66 Td (V) Tj ET Q q 0 0 0 rg BT 259.54 266.66 Td (alue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 291.75 274.46 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.25 265.46 Td (Losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.95 266.66 Td (Fair) Tj ET Q q 0 0 0 rg BT 365.62 266.66 Td (V) Tj ET Q q 0 0 0 rg BT 371.54 266.66 Td (alue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 403.75 274.46 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.25 265.46 Td (Losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.95 266.66 Td (Fair) Tj ET Q q 0 0 0 rg BT 477.53 266.66 Td (V) Tj ET Q q 0 0 0 rg BT 483.04 266.66 Td (alue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.75 274.46 Td (Unrealized) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.25 265.46 Td (Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 253.45 Td (\(amounts in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 239.93 Td (A) Tj ET Q q 0 0 0 rg BT 58.93 239.93 Td (vailable for Sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 225.77 Td (Agency-guaranteed residential mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 215.77 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.00 214.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 214.87 Td (87,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.00 214.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 214.92 Td (\(1,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 214.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 214.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 214.87 Td (30,592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 214.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.80 214.92 Td (\(1,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 214.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 214.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 214.87 Td (1) Tj ET Q q 0 0 0 rg BT 474.10 214.87 Td (18,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 214.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 214.92 Td (\(2,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 214.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 200.77 Td (Agency-guaranteed commercial mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 190.77 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.10 189.87 Td (201,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 189.92 Td (\(2,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 189.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 189.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 189.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 189.87 Td (201,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 189.92 Td (\(2,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 189.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 175.77 Td (Corporate notes \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 174.87 Td (9,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 174.92 Td (\(185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 174.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 174.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 174.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 174.87 Td (9,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 174.92 Td (\(185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 174.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 160.77 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 160.77 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.00 159.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.10 159.87 Td (298,997) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.00 159.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 159.92 Td (\(4,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 159.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 159.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 159.87 Td (30,592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 159.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.80 159.92 Td (\(1,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 159.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 159.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 159.87 Td (329,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 159.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 159.92 Td (\(5,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 159.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 143.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 143.70 Td (Includes subordinated debt issued by other bank holding companies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.70 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 121.70 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 121.70 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.50 121.70 Td (twenty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.71 121.70 Td ( available-for) Tj ET Q q 0 0 0 rg BT 271.09 121.70 Td (-sale investment securities in the less-than-twelve-month category and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.70 Td (sixteen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.33 109.70 Td ( available-for) Tj ET Q q 0 0 0 rg BT 131.70 109.70 Td (-sale investment securities in the twelve-month-or) Tj ET Q q 0 0 0 rg BT 331.72 109.70 Td (-more category) Tj ET Q q 0 0 0 rg BT 391.88 109.70 Td (. ) Tj ET Q q 0 0 0 rg BT 399.19 109.70 Td (The unrealized losses on the mortgage- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.70 Td (backed securities are guaranteed by government-sponsored entities and primarily relate to changes in market interest rates. ) Tj ET Q q 0 0 0 rg BT 544.81 97.70 Td (All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.70 Td (amounts are expected to be recovered when market prices recover or at maturity) Tj ET Q q 0 0 0 rg BT 370.31 85.70 Td (. Customers does not intend to sell these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.70 Td (securities, and it is not more likely than not that Customers will be required to sell the securities before recovery of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.70 Td (amortized cost basis.) Tj ET Q endstream endobj 263 0 obj <> endobj 264 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (During the year ended December 31, 2017, Customers recorded other) Tj ET Q q 0 0 0 rg BT 328.32 742.10 Td (-than-temporary impairment losses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.61 742.10 Td ($12.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.50 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (related to its equity holdings in Religare for the full amount of the decline in fair value from the cost basis established at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (December 31, 2016 through September 30, 2017, because Customers no longer has the intent to hold these securities until a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (recovery in fair value. ) Tj ET Q q 0 0 0 rg BT 143.11 706.10 Td (The fair value of the Religare equity securities at September 30, 2017, of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.17 706.10 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.06 706.10 Td ( became the new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (cost basis of the securities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.10 Td (At December 31, 2017, the fair value of the Religare equity securities was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.06 672.10 Td ($3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.95 672.10 Td ( which resulted in an unrealized gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.10 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 660.10 Td ( being recognized in accumulated other comprehensive income with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.07 660.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.07 660.10 Td ( adjustment for deferred taxes as Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.10 Td (currently does not have a tax strategy in place capable of generating suf) Tj ET Q q 0 0 0 rg BT 336.37 648.10 Td (ficient capital gains to utilize any capital losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.10 Td (resulting from the Religare investment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 614.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 614.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.52 614.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.52 614.10 Td (, Customers Bank had pledged investment securities aggregating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.85 614.10 Td ($16.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.74 614.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.18 614.10 Td ($231.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 602.10 Td ( fair value, respectively) Tj ET Q q 0 0 0 rg BT 172.08 602.10 Td (, as collateral against its borrowings primarily with the FHLB and an unused line of credit with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.10 Td (another financial institution. ) Tj ET Q q 0 0 0 rg BT 167.85 590.10 Td (These counterparties do not have the ability to sell or repledge these securities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 560.10 Td (NOTE 8 LOANS HELD FOR SALE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.10 Td (The composition of loans held for sale as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.01 542.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.60 542.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.04 542.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.04 542.10 Td (, was as follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 527.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 478.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 478.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 478.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 478.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 448.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 448.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 448.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 448.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 418.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 418.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 418.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 418.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 388.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 388.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 388.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 388.20 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 504.2 m 493.5 504.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 504.2 m 497.5 504.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 504.2 m 562.5 504.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 491.2 m 493.5 491.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 491.2 m 562.5 491.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 433.2 m 493.5 433.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 433.2 m 562.5 433.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 388.2 m 493.5 388.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 388.2 m 562.5 388.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 388.2 m 493.5 388.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 374.2 m 493.5 374.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 372.2 m 493.5 372.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 374.2 m 562.5 374.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 372.2 m 562.5 372.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 508.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.95 507.77 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 495.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 494.77 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 494.77 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 482.45 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 468.77 Td (Commercial loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 453.77 Td (Mortgage warehouse loans, at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 452.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 452.87 Td (1,793,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 452.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 452.87 Td (2,1) Tj ET Q q 0 0 0 rg BT 531.15 452.87 Td (16,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 438.77 Td (Multi-family loans, at lower of cost or fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 437.87 Td (144,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 437.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 423.77 Td (T) Tj ET Q q 0 0 0 rg BT 94.76 423.77 Td (otal commercial loans held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 422.87 Td (1,937,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 422.87 Td (2,1) Tj ET Q q 0 0 0 rg BT 531.15 422.87 Td (16,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 408.77 Td (Consumer loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 393.77 Td (Residential mortgage loans, at fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 392.87 Td (1,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 392.87 Td (695) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 378.77 Td (T) Tj ET Q q 0 0 0 rg BT 94.41 378.77 Td (otal loans held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 377.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 377.87 Td (1,939,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 377.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 377.87 Td (2,1) Tj ET Q q 0 0 0 rg BT 531.15 377.87 Td (17,510) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.70 Td (Commercial loans held for sale consists primarily of mortgage warehouse loans. ) Tj ET Q q 0 0 0 rg BT 376.12 349.70 Td (These mortgage warehouse lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.70 Td (transactions are subject to master repurchase agreements and are designated as held for sale and reported at fair value based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.70 Td (an election made to account for these loans at fair value. Pursuant to the master repurchase agreements, Customers funds the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.70 Td (pipelines for these mortgage lenders by sending cash payments directly to the closing agents for funded loans \(i.e., the purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.70 Td (event\) and receives proceeds directly from third-party investors when the loans are sold into the secondary market \(i.e., the sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.70 Td (event\). ) Tj ET Q q 0 0 0 rg BT 82.30 289.70 Td (The fair values of the mortgage warehouse loans are estimated as the amount of cash initially advanced to fund the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.70 Td (underlying mortgage, plus accrued interest and fees, as specified in the respective agreements. ) Tj ET Q q 0 0 0 rg BT 431.62 277.70 Td (The interest rates on these loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.70 Td (are variable; and the lending transactions are short-term, with an average life of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.42 265.70 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.42 265.70 Td ( days from purchase to sale. ) Tj ET Q q 0 0 0 rg BT 494.37 265.70 Td (The primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.70 Td (goal of these lending transactions is to provide liquidity to mortgage companies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.70 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 229.70 Td (fective June 30, 2017, Customers Bank transferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.48 229.70 Td ($150.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.37 229.70 Td ( of multi-family loans from loans receivable \(held for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.70 Td (investment\) to loans held for sale. Customers Bank transferred these loans at their carrying value, which was lower than the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.70 Td (estimated fair value at the time of transfer) Tj ET Q q 0 0 0 rg BT 216.88 205.70 Td (. ) Tj ET Q q 0 0 0 rg BT 223.82 205.70 Td (At December 31, 2017, the carrying value of these loans approximates their fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.70 Td (value. ) Tj ET Q q 0 0 0 rg BT 78.60 193.70 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 127.94 193.70 Td (, a lower of cost or fair value adjustment was not recorded as of December 31, 2017. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.70 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 169.70 Td (fective December 31, 2016, Customers Bank transferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.24 169.70 Td ($25.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.13 169.70 Td ( of multi-family loans from held for sale to loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.70 Td (receivable \(held for investment\) because the Bank no longer had the intent to sell these loans. Customers Bank transferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.70 Td (these loans at their carrying value, which was lower than the estimated fair value at the time of transfer) Tj ET Q q 0 0 0 rg BT 461.24 145.70 Td (.) Tj ET Q endstream endobj 265 0 obj <> endobj 266 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (131) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 31.50 742.25 Td (NOTE 9 LOANS RECEIV) Tj ET Q q 0 0 0 rg BT 151.90 742.25 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 181.08 742.25 Td (AND ) Tj ET Q q 0 0 0 rg BT 204.69 742.25 Td (ALLOW) Tj ET Q q 0 0 0 rg BT 241.92 742.25 Td (ANCE FOR LOAN LOSSES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 724.25 Td (The following table presents loans receivable as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.98 724.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.57 724.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.01 724.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.01 724.25 Td (: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 674.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 674.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 674.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 674.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 644.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 644.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 644.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 644.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 614.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 614.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 614.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 614.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 584.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 584.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 584.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 584.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 554.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 554.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 554.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 554.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 524.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 524.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 524.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 524.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 494.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 494.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 494.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 494.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 464.75 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 464.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 464.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 464.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 700.75 m 475 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 700.75 m 479 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 700.75 m 544 700.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 687.75 m 475 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 687.75 m 544 687.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 599.75 m 475 599.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 599.75 m 544 599.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 524.75 m 475 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 509.75 m 475 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 524.75 m 544 524.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 509.75 m 544 509.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 464.75 m 475 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 450.75 m 475 450.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 448.75 m 475 448.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 464.75 m 544 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 450.75 m 544 450.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 448.75 m 544 448.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 226.50 705.00 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.45 704.32 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 692.00 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 691.32 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 691.32 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 679.00 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 665.32 Td ( Commercial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.50 650.32 Td (Multi-family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 649.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 649.42 Td (3,502,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 649.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.15 649.42 Td (3,214,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.50 635.32 Td (Commercial and industrial \(includes owner occupied commercial real estate\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 634.42 Td (1,633,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.15 634.42 Td (1,382,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.50 620.32 Td (Commercial real estate non-owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 619.42 Td (1,218,719) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.15 619.42 Td (1,193,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.50 605.32 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 604.42 Td (85,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 604.42 Td (64,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 589.42 Td ( ) Tj ET Q q 0 0 0 rg BT 56.82 589.42 Td (T) Tj ET Q q 0 0 0 rg BT 62.23 589.42 Td (otal commercial loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 589.42 Td (6,440,31) Tj ET Q q 0 0 0 rg BT 466.15 589.42 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.15 589.42 Td (5,855,846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 575.32 Td ( Consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.50 560.32 Td ( Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 559.42 Td (234,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 559.42 Td (193,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.50 545.32 Td ( Manufactured housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 544.42 Td (90,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 544.42 Td (101,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 46.50 530.32 Td ( Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 529.42 Td (3,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 529.42 Td (3,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 515.32 Td ( ) Tj ET Q q 0 0 0 rg BT 54.91 515.32 Td (T) Tj ET Q q 0 0 0 rg BT 60.58 515.32 Td (otal consumer loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.65 514.42 Td (327,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 514.42 Td (298,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.50 500.32 Td (T) Tj ET Q q 0 0 0 rg BT 99.91 500.32 Td (otal loans receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 499.42 Td (6,768,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.15 499.42 Td (6,154,561) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 485.32 Td ( Deferred costs and unamortized premiums, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 484.42 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 484.42 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 470.32 Td ( ) Tj ET Q q 0 0 0 rg BT 54.72 470.32 Td (Allowance for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.30 469.47 Td (\(38,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 469.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.30 469.47 Td (\(37,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 469.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 455.32 Td ( Loans receivable, net of allowance for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 454.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.15 454.42 Td (6,730,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 454.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.15 454.42 Td (6,1) Tj ET Q q 0 0 0 rg BT 512.65 454.42 Td (17,322) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 426.25 Td (Included in December 31, 2016 loans receivable balances above are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.54 426.25 Td ($1) Tj ET Q q 0 0 0 rg BT 315.17 426.25 Td (1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.06 426.25 Td ( of commercial and industrial loans and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.85 426.25 Td ($0.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 568.74 426.25 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 414.25 Td (other consumer loans that were previously classified as held for sale at December 31, 2016 and have been reclassified to held and used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 402.25 Td (to conform with the current period presentation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 384.25 Td (The following tables summarize loans receivable by loan type and performance status as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 384.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.74 384.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.17 384.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.17 384.25 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 307.75 150.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.00 307.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 307.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 307.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 307.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 307.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 307.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 307.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 307.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 307.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 307.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 307.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 307.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 307.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 277.75 150.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.00 277.75 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 277.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 277.75 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 277.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 277.75 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 277.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 277.75 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 277.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 277.75 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 277.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 277.75 53.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 277.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 277.75 54.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 231.75 150.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.00 231.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 231.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 231.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 231.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 231.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 231.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 231.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 231.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 201.75 150.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.00 201.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 201.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 201.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 201.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 201.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 201.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 201.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 201.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 201.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 201.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 201.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 201.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 201.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 171.75 150.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 182.00 171.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.00 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.00 171.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.00 171.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.00 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.00 171.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 171.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.00 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 171.75 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 171.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 171.75 54.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182 360.75 m 235 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 360.75 m 239 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 360.75 m 292 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 360.75 m 296 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 360.75 m 349 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 360.75 m 353 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 360.75 m 406 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 360.75 m 410 360.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 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0.9333333333333333 1 rg /GS0 gs 463.00 543.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 467.00 543.50 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 520.00 543.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.00 543.50 54.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182 736.5 m 235 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235 736.5 m 239 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 736.5 m 292 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 736.5 m 296 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 736.5 m 349 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349 736.5 m 353 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 736.5 m 406 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 736.5 m 410 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 736.5 m 467 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 736.5 m 520 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 520 736.5 m 524 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524 736.5 m 578 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182 699.5 m 235 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 699.5 m 292 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 699.5 m 349 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 699.5 m 406 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 736.5 m 463 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 699.5 m 463 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 699.5 m 520 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524 736.5 m 578 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524 699.5 m 578 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182 543.5 m 235 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 543.5 m 292 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 543.5 m 349 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 543.5 m 406 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 543.5 m 463 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 543.5 m 520 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524 543.5 m 578 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182 529.5 m 235 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 182 527.5 m 235 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 529.5 m 292 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239 527.5 m 292 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 529.5 m 349 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 527.5 m 349 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 529.5 m 406 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 527.5 m 406 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 543.5 m 463 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 529.5 m 463 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 527.5 m 463 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 529.5 m 520 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 467 527.5 m 520 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524 529.5 m 578 529.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524 527.5 m 578 527.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 740.45 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.10 739.76 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 703.75 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 187.10 712.96 Td (30-89Days) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 185.50 703.96 Td (PastDue\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.60 721.96 Td (90 Or) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 244.85 712.96 Td (MoreDays) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.50 703.96 Td (PastDue\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.15 721.96 Td (T) Tj ET Q q 0 0 0 rg BT 309.02 721.96 Td (otalPast) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.85 712.96 Td (Due Still) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.85 703.96 Td (Accruing\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.75 712.96 Td (Non-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.75 703.96 Td (Accrual) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.85 703.96 Td (Current\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.00 727.76 Td (Purchased-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.25 718.76 Td (Credit-) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.75 709.76 Td (Impaired) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.60 700.81 Td (Loans \(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.15 712.96 Td (T) Tj ET Q q 0 0 0 rg BT 534.02 712.96 Td (otal Loans) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.25 703.96 Td (\(4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 691.45 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 677.17 Td (Multi-family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.50 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 677.17 Td (12,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 677.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 677.17 Td (12,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.50 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 677.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.10 677.17 Td (3,200,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.50 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 677.17 Td (2,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.50 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.10 677.17 Td (3,214,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 660.17 Td (Commercial and industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.15 660.17 Td (350) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 660.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 660.17 Td (350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 660.17 Td (8,443) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.60 660.17 Td (978,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 660.17 Td (1,037) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 660.17 Td (988,71) Tj ET Q q 0 0 0 rg BT 569.15 660.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 645.17 Td (Commercial real estate - owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 635.17 Td (occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.15 635.17 Td (137) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 635.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.15 635.17 Td (137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 635.17 Td (2,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.60 635.17 Td (379,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 635.17 Td (12,229) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 635.17 Td (393,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 620.17 Td (Commercial real estate - non-owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 610.17 Td (occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.15 610.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 610.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 610.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 610.17 Td (2,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.10 610.17 Td (1,185,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 610.17 Td (6,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.10 610.17 Td (1,193,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 596.07 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.15 595.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 595.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 595.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 595.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 595.17 Td (64,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.15 595.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 595.17 Td (64,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 581.07 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.65 580.17 Td (4,417) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.15 580.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 580.17 Td (4,417) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 580.17 Td (2,959) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.60 580.17 Td (178,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 580.17 Td (7,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 580.17 Td (193,502) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 563.17 Td (Manufactured housing \(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.65 563.17 Td (3,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 563.17 Td (2,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.65 563.17 Td (6,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 563.17 Td (2,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.65 563.17 Td (89,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 563.17 Td (3,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 563.17 Td (101,730) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 548.17 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.15 548.17 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 548.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.15 548.17 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 548.17 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 548.17 Td (3,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.15 548.17 Td (236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.65 548.17 Td (3,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 534.07 Td (T) Tj ET Q q 0 0 0 rg BT 39.91 534.07 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.50 533.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.65 533.17 Td (21,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.50 533.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.65 533.17 Td (2,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 533.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.65 533.17 Td (24,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.50 533.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 533.17 Td (17,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 533.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.10 533.17 Td (6,080,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.50 533.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 533.17 Td (32,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.50 533.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.10 533.17 Td (6,154,561) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 514.60 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 502.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 502.60 Td (Includes past-due loans that are accruing interest because collection is considered probable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 490.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 490.60 Td (Loans where next payment due is less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.79 490.60 Td (30 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.62 490.60 Td ( from the report date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 478.60 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 478.60 Td (Purchased credit-impaired loans aggregated into a pool are accounted for as a single asset with a single composite interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 466.60 Td (and an aggregate expectation of cash flows, and the past-due status of the pools, or that of the individual loans within the pools, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 454.60 Td (is not meaningful. Because of the credit-impaired nature of the loans, the loans are recorded at a discount reflecting estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 442.60 Td (future cash flows and Customers recognizes interest income on each pool of loans reflecting the estimated yield and passage of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 430.60 Td (time. Such loans are considered to be performing. Purchased credit-impaired loans that are not in pools accrete interest when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 418.60 Td (the timing and amount of their expected cash flows are reasonably estimable and are reported as performing loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 406.60 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 406.60 Td (Amounts exclude deferred costs and fees, unamortized premiums and unaccreted discounts and the allowance for loan losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 394.60 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 394.60 Td (Manufactured housing loans purchased in 2010are supported by cash reserves held at Customers that are used to fund past-due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 382.60 Td (payments when the loan becomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.85 382.60 Td (90 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.68 382.60 Td ( or more delinquent. Subsequent purchases are subject to varying provisions in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 370.60 Td (event of borrowers) Tj ET Q q 0 0 0 rg BT 140.07 370.60 Td ( delinquencies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 346.60 Td (As of December31, 2017 and 2016, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.18 346.60 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.07 346.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.51 346.60 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.40 346.60 Td (, respectively) Tj ET Q q 0 0 0 rg BT 411.07 346.60 Td (, of residential real estate recorded in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 334.60 Td (Other real estate owned in the consolidated balance sheets. ) Tj ET Q q 0 0 0 rg BT 271.13 334.60 Td (As of December31, 2017 and 2016, the Bank had initiated foreclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 322.60 Td (proceedings on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.82 322.60 Td ($1.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.71 322.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.15 322.60 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.04 322.60 Td (, respectively) Tj ET Q q 0 0 0 rg BT 264.70 322.60 Td (, in loans secured by residential real estate.) Tj ET Q endstream endobj 269 0 obj <> endobj 270 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (133) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 31.50 742.10 Td (Allowance for Loan Losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 718.10 Td (The changes in the allowance for loan losses for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.40 718.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.99 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.42 718.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.42 718.10 Td (, and the loans and allowance for loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 706.10 Td (losses by loan type based on impairment-evaluation method are presented in the tables below) Tj ET Q q 0 0 0 rg BT 403.80 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 411.12 706.10 Td (The amounts presented for the provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 694.10 Td (for loan losses below do not include the ef) Tj ET Q q 0 0 0 rg BT 200.72 694.10 Td (fect of changes to estimated benefits resulting from the FDIC loss share arrangements for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 682.10 Td (covered loans for periods prior to the termination of the FDIC loss sharing arrangements. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 624.60 83.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 624.60 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 624.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 624.60 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 624.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 624.60 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 624.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 624.60 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 624.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 624.60 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 624.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 624.60 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 624.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 624.60 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 624.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 624.60 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 624.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 624.60 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 582.60 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 582.60 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 582.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 582.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 582.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 582.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 582.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 582.60 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 582.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 582.60 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 582.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 582.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 582.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 582.60 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 582.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 582.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 582.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 582.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 554.60 83.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 554.60 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 554.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 554.60 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 554.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 554.60 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 554.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 554.60 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 554.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 554.60 49.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 554.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 554.60 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 554.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 554.60 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 554.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 554.60 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 554.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 554.60 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 512.60 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 512.60 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 512.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 512.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 512.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 512.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 512.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 512.60 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 512.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 512.60 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 512.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 512.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 512.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 512.60 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 512.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 512.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 512.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 512.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 470.60 83.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 470.60 48.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 470.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 470.60 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 470.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 470.60 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 470.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 470.60 48.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 470.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 470.60 49.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 470.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 470.60 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 470.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 470.60 54.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 470.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 470.60 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 470.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 470.60 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 420.60 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 420.60 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 420.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 420.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 420.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 420.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 420.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 420.60 48.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 420.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 420.60 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 420.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 420.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 420.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 420.60 54.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 420.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 420.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 420.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 420.60 47.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 386.60 83.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 115.00 386.60 48.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 163.00 386.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 167.00 386.60 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 214.00 386.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 386.60 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 386.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 386.60 48.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 386.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 386.60 49.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 386.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 386.60 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 386.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 386.60 54.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 386.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 386.60 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 386.60 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 386.60 47.00 -29.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 425.00 328.60 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 328.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 328.60 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 328.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 328.60 47.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 637.6 m 163 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 637.6 m 214 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 637.6 m 265 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 637.6 m 317 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 637.6 m 370 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 637.6 m 421 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 637.6 m 479 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 637.6 m 530 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534 637.6 m 581 637.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 533.6 m 163 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 533.6 m 214 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 533.6 m 265 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 533.6 m 317 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 533.6 m 370 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 533.6 m 421 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 533.6 m 479 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 533.6 m 530 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534 533.6 m 581 533.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 513.6 m 163 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 511.6 m 163 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 513.6 m 214 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 511.6 m 214 511.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 420.6 m 163 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 420.6 m 214 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 420.6 m 265 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 420.6 m 317 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 420.6 m 370 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 420.6 m 421 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 420.6 m 479 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 420.6 m 530 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534 420.6 m 581 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 420.6 m 163 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 408.6 m 163 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 406.6 m 163 406.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 420.6 m 214 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 408.6 m 214 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55.98 574.55 Td (ge-of) Tj ET Q q 0 0 0 rg BT 72.71 574.55 Td (fs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.80 573.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.10 573.85 Td (\(4,157) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.80 573.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.10 573.85 Td (\(731) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.80 573.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.10 573.85 Td (\(486) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.80 573.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.80 573.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.10 573.85 Td (\(415) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 573.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 573.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.10 573.85 Td (\(1,338) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 573.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.10 573.90 Td (\(7,127) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 577.80 573.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 558.85 Td (Recoveries) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.80 558.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.80 558.85 Td (676) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.80 558.85 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 558.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 558.85 Td (164) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.80 558.85 Td (72) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 558.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 558.85 Td (138) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.75 558.85 Td (1,059) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 546.55 Td (Provision for loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 538.55 Td (losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 147.80 537.85 Td (566) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 537.85 Td (3,349) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 537.85 Td (1,771) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 537.85 Td (29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 356.10 537.85 Td (\(25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 537.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.10 537.85 Td (\(70) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 537.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.10 537.85 Td (\(106) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.80 537.85 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.75 537.85 Td (1,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.75 537.85 Td (6,768) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 525.55 Td (Ending Balance, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 517.55 Td (December31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 516.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.75 516.85 Td (12,168) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 516.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 516.85 Td (10,918) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 516.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 516.85 Td (3,232) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 516.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 516.85 Td (7,437) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 516.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 516.85 Td (979) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 516.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 516.85 Td (2,929) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 516.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 516.85 Td (180) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 516.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 516.85 Td (172) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 516.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 516.85 Td (38,015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 504.68 Td (Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 491.55 Td (Individually) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 483.55 Td (evaluated for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 475.55 Td (impairment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 474.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.80 474.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 474.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 474.85 Td (17,461) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 474.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 474.85 Td (1,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 474.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.80 474.85 Td (160) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 474.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.80 474.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 474.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 474.85 Td (9,247) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 474.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.75 474.85 Td (10,089) Tj ET Q BT /F1 8.00 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214.00 464.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.00 464.50 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 464.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.00 464.50 48.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.00 464.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.00 464.50 49.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 464.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 464.50 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 464.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 464.50 54.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 464.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 464.50 47.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 464.50 4.00 -29.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 464.50 47.00 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0.8 0.9333333333333333 1 rg /GS0 gs 425.00 406.50 54.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 406.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 406.50 47.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 406.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 534.00 406.50 47.00 -21.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 713.5 m 163 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 713.5 m 214 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 713.5 m 265 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 713.5 m 317 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 713.5 m 370 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 713.5 m 421 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 713.5 m 479 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 713.5 m 530 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534 713.5 m 581 713.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 611.5 m 163 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 591.5 m 163 591.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 589.5 m 163 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 611.5 m 214 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 591.5 m 214 591.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 589.5 m 214 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 611.5 m 265 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 591.5 m 265 591.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 589.5 m 265 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 611.5 m 317 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 591.5 m 317 591.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 589.5 m 317 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 611.5 m 370 611.5 l s 0 0 0 RG /GS0 gs 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l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534 591.5 m 581 591.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534 589.5 m 581 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 498.5 m 163 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 498.5 m 214 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 498.5 m 265 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 498.5 m 317 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 498.5 m 370 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 498.5 m 421 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 498.5 m 479 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 498.5 m 483 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 498.5 m 530 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534 498.5 m 581 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 498.5 m 163 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 486.5 m 163 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 484.5 m 163 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 498.5 m 214 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 486.5 m 214 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 484.5 m 214 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 498.5 m 265 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 486.5 m 265 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 484.5 m 265 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 498.5 m 317 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 486.5 m 317 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 484.5 m 317 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 498.5 m 370 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 486.5 m 370 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 484.5 m 370 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 498.5 m 421 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 486.5 m 421 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 484.5 m 421 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 498.5 m 479 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 486.5 m 479 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 484.5 m 479 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 498.5 m 483 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 486.5 m 483 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 484.5 m 483 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 498.5 m 530 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 486.5 m 530 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 484.5 m 530 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534 498.5 m 581 498.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534 486.5 m 581 486.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534 484.5 m 581 484.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 385.5 m 163 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 385.5 m 214 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 385.5 m 265 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 385.5 m 317 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 385.5 m 370 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 385.5 m 421 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 385.5 m 479 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 385.5 m 483 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 385.5 m 530 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 534 385.5 m 581 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 385.5 m 163 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 373.5 m 163 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 115 371.5 m 163 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 385.5 m 214 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 373.5 m 214 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 167 371.5 m 214 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 385.5 m 265 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 373.5 m 265 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218 371.5 m 265 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 385.5 m 317 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 373.5 m 317 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269 371.5 m 317 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 385.5 m 370 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 373.5 m 370 373.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321 371.5 m 370 371.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 385.5 m 421 385.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i 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7.50 Tf ET q 0 0 0 rg BT 278.10 717.65 Td (Occupied) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 325.60 717.65 Td (Construction) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 380.10 725.15 Td (Residential) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 380.00 717.65 Td (RealEstate) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 430.45 725.15 Td (Manufactured) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 438.75 717.65 Td (Housing) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 497.45 725.15 Td (Other) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 490.55 717.65 Td (Consumer) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 549.30 717.65 Td (T) Tj ET Q q 0 0 0 rg BT 553.36 717.65 Td (otal) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 34.50 704.55 Td (\(amounts in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 692.58 Td (Allowance for) Tj ET Q q 0 0 0 rg BT 82.19 692.58 Td ( loan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 684.58 Td (losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 671.45 Td (Ending Balance, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 663.45 Td (December31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 662.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.75 662.75 Td (12,016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 662.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 662.75 Td (8,864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 662.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 662.75 Td (1,348) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 662.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 662.75 Td (8,420) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 662.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.75 662.75 Td (1,074) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 662.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 662.75 Td (3,298) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 662.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 662.75 Td (494) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 662.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 662.75 Td (133) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 662.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 662.75 Td (35,647) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 650.45 Td (Char) Tj ET Q q 0 0 0 rg BT 55.98 650.45 Td (ge-of) Tj ET Q q 0 0 0 rg BT 72.71 650.45 Td (fs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.80 649.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.10 649.75 Td (\(2,920) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 210.80 649.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 251.10 649.75 Td (\(27) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.80 649.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.10 649.75 Td (\(140) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.80 649.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.80 649.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.10 649.75 Td (\(493) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.80 649.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 649.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.10 649.75 Td (\(825) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 649.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 557.10 649.80 Td (\(4,405) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 577.80 649.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 637.45 Td (Recoveries) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.80 636.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.80 636.75 Td (381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 636.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.80 636.75 Td (130) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.75 636.75 Td (1,854) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.80 636.75 Td (367) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 636.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.80 636.75 Td (1) Tj ET Q q 0 0 0 rg BT 522.80 636.75 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.75 636.75 Td (2,743) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 624.45 Td (Provision for loan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 616.45 Td (losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 145.10 615.75 Td (\(414) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 159.80 615.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 615.75 Td (4,725) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 615.75 Td (862) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.10 615.75 Td (\(516) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.80 615.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.10 615.75 Td (\(2,088) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.80 615.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.80 615.75 Td (170) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.10 615.75 Td (\(208) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.80 615.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 615.75 Td (799) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.75 615.75 Td (3,330) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 603.45 Td (Ending Balance, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 595.45 Td (December31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 594.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.75 594.75 Td (1) Tj ET Q q 0 0 0 rg BT 141.75 594.75 Td (1,602) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 594.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 594.75 Td (1) Tj ET Q q 0 0 0 rg BT 192.75 594.75 Td (1,050) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 594.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 594.75 Td (2,183) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 594.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 594.75 Td (7,894) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 594.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 594.75 Td (840) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 594.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 594.75 Td (3,342) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 594.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 594.75 Td (286) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 594.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 594.75 Td (1) Tj ET Q q 0 0 0 rg BT 518.80 594.75 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 594.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 594.75 Td (37,315) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 582.58 Td (Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 569.45 Td (Individually) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 561.45 Td (evaluated for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 553.45 Td (impairment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 552.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.80 552.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 552.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 552.75 Td (8,516) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 552.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 552.75 Td (2,050) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 552.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 552.75 Td (2,151) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 552.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.80 552.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 552.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 552.75 Td (6,972) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 552.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 552.75 Td (9,665) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 552.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.80 552.75 Td (57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 552.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 552.75 Td (29,41) Tj ET Q q 0 0 0 rg BT 573.75 552.75 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 540.45 Td (Collectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 532.45 Td (evaluated for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 524.45 Td (impairment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.75 523.75 Td (3,212,895) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.75 523.75 Td (979,158) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.75 523.75 Td (379,353) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.75 523.75 Td (1,185,237) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.75 523.75 Td (64,789) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.75 523.75 Td (178,963) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.75 523.75 Td (88,995) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.75 523.75 Td (3,190) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.75 523.75 Td (6,092,580) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 511.45 Td (Loans acquired with) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 503.45 Td (credit deterioration) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 141.75 502.75 Td (2,104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 502.75 Td (1,037) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.75 502.75 Td (12,229) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 502.75 Td (6,327) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.80 502.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 502.75 Td (7,567) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 502.75 Td (3,070) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 502.75 Td (236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 502.75 Td (32,570) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.75 489.75 Td (3,214,999) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 184.75 489.75 Td (988,71) Tj ET Q q 0 0 0 rg BT 206.75 489.75 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 235.75 489.75 Td (393,632) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.75 489.75 Td (1,193,715) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.75 489.75 Td (64,789) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.75 489.75 Td (193,502) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.75 489.75 Td (101,730) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.75 489.75 Td (3,483) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 489.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 545.75 489.75 Td (6,154,561) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 477.58 Td (Allowance for) Tj ET Q q 0 0 0 rg BT 82.12 477.58 Td ( loan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 469.58 Td (losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 456.45 Td (Individually) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 448.45 Td (evaluated for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 440.45 Td (impairment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.80 439.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 439.75 Td (1,024) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 249.80 439.75 Td (287) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.80 439.75 Td (14) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.80 439.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.80 439.75 Td (35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 439.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.80 439.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 439.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.75 439.75 Td (1,360) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 427.45 Td (Collectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 419.45 Td (evaluated for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 411.45 Td (impairment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.75 410.75 Td (1) Tj ET Q q 0 0 0 rg BT 141.75 410.75 Td (1,602) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 192.75 410.75 Td (9,686) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 410.75 Td (1,896) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 410.75 Td (4,626) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 410.75 Td (772) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 410.75 Td (2,414) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 410.75 Td (88) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.80 410.75 Td (60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 410.75 Td (31,144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 398.45 Td (Loans acquired with) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 40.50 390.45 Td (credit deterioration) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 151.80 389.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.80 389.75 Td (340) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 389.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 389.75 Td (3,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.80 389.75 Td (68) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.80 389.75 Td (893) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 389.75 Td (198) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.80 389.75 Td (58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.75 389.75 Td (4,81) Tj ET Q q 0 0 0 rg BT 573.75 389.75 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 117.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 137.75 376.75 Td (1) Tj ET Q q 0 0 0 rg BT 141.75 376.75 Td (1,602) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 169.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.75 376.75 Td (1) Tj ET Q q 0 0 0 rg BT 192.75 376.75 Td (1,050) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 220.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.75 376.75 Td (2,183) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 295.75 376.75 Td (7,894) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.80 376.75 Td (840) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.75 376.75 Td (3,342) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 427.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 376.75 Td (286) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.80 376.75 Td (1) Tj ET Q q 0 0 0 rg BT 518.80 376.75 Td (18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.50 376.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.75 376.75 Td (37,315) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 349.00 Td (Certain manufactured housing loans were purchased in ) Tj ET Q q 0 0 0 rg BT 253.38 349.00 Td (August 2010. ) Tj ET Q q 0 0 0 rg BT 311.71 349.00 Td (A) Tj ET Q q 0 0 0 rg BT 318.38 349.00 Td ( portion of the purchase price may be used to reimburse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 337.00 Td (Customers under the specified terms in the purchase agreement for defaults of the underlying borrower and other specified items. ) Tj ET Q q 0 0 0 rg BT 553.28 337.00 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 325.00 Td (December31, 2017 and 2016, funds available for reimbursement, if necessary) Tj ET Q q 0 0 0 rg BT 343.80 325.00 Td (, were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.73 325.00 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.62 325.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.06 325.00 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.95 325.00 Td (, respectively) Tj ET Q q 0 0 0 rg BT 540.61 325.00 Td (. Each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 313.00 Td (quarter) Tj ET Q q 0 0 0 rg BT 59.42 313.00 Td (, these funds are evaluated to determine ifthey would be suf) Tj ET Q q 0 0 0 rg BT 300.26 313.00 Td (ficient to absorb probable losses within the manufactured housing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 301.00 Td (portfolio.) Tj ET Q endstream endobj 273 0 obj <> endobj 274 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (135) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 31.50 728.70 Td (Loans Individually Evaluated for Impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 704.70 Td (The following tables present the recorded investment \(net of char) Tj ET Q q 0 0 0 rg BT 292.61 704.70 Td (ge-of) Tj ET Q q 0 0 0 rg BT 313.53 704.70 Td (fs\), unpaid principal balance and related allowance by loan type ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 692.70 Td (for impaired loans that are individually evaluated for impairment as of December 31, 2017 and 2016, and the average recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 680.70 Td (investment and interest income recognized for the years ended December 31, 2017, 2016 and 2015. Purchased credit-impaired loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 668.70 Td (considered to be performing and are not included in the tables below) Tj ET Q q 0 0 0 rg BT 305.48 668.70 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 573.20 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 573.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 573.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 573.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 573.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 573.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 573.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 573.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 573.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 573.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 543.20 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 543.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 543.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 543.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 543.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 543.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 543.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 543.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 543.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 543.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 513.20 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 513.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 513.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 513.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 513.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 513.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 513.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 513.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 513.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 513.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 484.20 196.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 484.20 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 484.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 484.20 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 484.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 484.20 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 484.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 484.20 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 484.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 484.20 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 455.20 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 455.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 455.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 455.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 455.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 455.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 455.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 455.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 455.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 455.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 425.20 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 425.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 425.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 425.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 425.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 425.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 425.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 425.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 425.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 425.20 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 637.2 m 288 637.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 637.2 m 292 637.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 637.2 m 352 637.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 637.2 m 356 637.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 637.2 m 416 637.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 637.2 m 480 637.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 637.2 m 484 637.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 637.2 m 544 637.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 600.2 m 288 600.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 600.2 m 352 600.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 600.2 m 416 600.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 600.2 m 480 600.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 600.2 m 544 600.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 410.2 m 288 410.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 410.2 m 352 410.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 410.2 m 416 410.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 410.2 m 480 410.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 410.2 m 544 410.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 396.2 m 288 396.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 394.2 m 288 394.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 396.2 m 352 396.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 394.2 m 352 394.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 396.2 m 416 396.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 394.2 m 416 394.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 396.2 m 480 396.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 394.2 m 480 394.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 396.2 m 544 396.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 394.2 m 544 394.2 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.10 641.66 Td (December 31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.80 649.46 Td (T) Tj ET Q q 0 0 0 rg BT 445.67 649.46 Td (welve Months Ended) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.10 640.46 Td (December 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 604.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.15 628.45 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 239.70 620.45 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.35 612.45 Td (Net of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.95 604.45 Td (Char) Tj ET Q q 0 0 0 rg BT 253.36 604.45 Td (geOf) Tj ET Q q 0 0 0 rg BT 271.20 604.45 Td (fs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.70 620.45 Td (Unpaid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.05 612.45 Td (Principal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.60 604.45 Td (Balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.25 612.45 Td (Related) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.15 604.45 Td (Allowance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.25 620.45 Td (A) Tj ET Q q 0 0 0 rg BT 441.43 620.45 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.15 612.45 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.70 604.45 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.50 620.45 Td (Interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.50 612.45 Td (Income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.60 604.45 Td (Recognized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 591.45 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 34.50 577.93 Td (W) Tj ET Q q 0 0 0 rg BT 44.41 577.93 Td (ith no r) Tj ET Q q 0 0 0 rg BT 75.90 577.93 Td (ecorded allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 563.77 Td (Commercial and industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.50 562.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 562.87 Td (9,138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 562.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 562.87 Td (9,287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.50 562.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 562.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.50 562.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 562.87 Td (8,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.50 562.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 562.87 Td (214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 548.77 Td (Commercial real estate - owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 547.87 Td (806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 547.87 Td (806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 547.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 547.87 Td (1,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 547.87 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 533.77 Td (Commercial real estate - non-owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 532.87 Td (160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 532.87 Td (272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 532.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 532.87 Td (898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 532.87 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 518.77 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 517.87 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 517.87 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 517.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 517.87 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 517.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 503.77 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 502.87 Td (3,628) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 502.87 Td (3,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 502.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 502.87 Td (4,617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 502.87 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 488.77 Td (Manufactured housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 488.77 Td (9,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 488.77 Td (9,865) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 488.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 488.77 Td (10,003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 488.77 Td (558) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 34.50 474.93 Td (W) Tj ET Q q 0 0 0 rg BT 44.32 474.93 Td (ith an allowance r) Tj ET Q q 0 0 0 rg BT 120.53 474.93 Td (ecorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 460.77 Td (Commercial and industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 459.87 Td (8,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 459.87 Td (8,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 459.87 Td (650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 459.87 Td (5,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 459.87 Td (230) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 445.77 Td (Commercial real estate - owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 444.87 Td (642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 444.87 Td (642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 444.87 Td (642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 444.87 Td (882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 444.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 430.77 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 429.87 Td (5,619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 429.87 Td (5,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 429.87 Td (155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 429.87 Td (3,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 429.87 Td (187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 415.77 Td (Manufactured housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 414.87 Td (224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 414.87 Td (224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 414.87 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 414.87 Td (131) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 414.87 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 400.93 Td (T) Tj ET Q q 0 0 0 rg BT 58.25 400.93 Td (otal) Tj 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693.85 Td (Interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.50 685.85 Td (Income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.60 677.85 Td (Recognized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.25 693.85 Td (A) Tj ET Q q 0 0 0 rg BT 469.43 693.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 462.15 685.85 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.70 677.85 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.50 693.85 Td (Interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.50 685.85 Td (Income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.60 677.85 Td (Recognized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 664.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.50 664.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 34.50 650.28 Td (W) Tj ET Q q 0 0 0 rg BT 44.41 650.28 Td (ith no r) Tj ET Q q 0 0 0 rg BT 75.90 650.28 Td (ecorded allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 636.17 Td (Multi-family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.15 635.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.50 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.15 635.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.50 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 635.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.50 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 635.27 Td (964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.50 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 635.27 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 635.27 Td (267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 635.27 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 621.17 Td (Commercial and industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.65 620.27 Td (2,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.65 620.27 Td (3,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 620.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 620.27 Td (15,424) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 620.27 Td (804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 620.27 Td (8,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 620.27 Td (891) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 606.17 Td (Commercial real estate - owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 596.17 Td (occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.65 595.27 Td (1,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.65 595.27 Td (1,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 595.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 595.27 Td (7,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 595.27 Td (426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 595.27 Td (6,526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 595.27 Td (454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 581.17 Td (Commercial real estate - non-owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 571.22 Td (occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.65 573.27 Td (2,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.65 573.27 Td (2,1) Tj ET Q q 0 0 0 rg BT 273.15 573.27 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 573.27 Td (5,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 573.27 Td (155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 573.27 Td (6,605) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 573.27 Td (648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 559.17 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.15 555.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.15 555.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 555.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 555.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 555.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 555.27 Td (749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 555.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 541.17 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.15 540.27 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.15 540.27 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 540.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 540.27 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 540.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 540.27 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 540.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 526.17 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.65 525.27 Td (6,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.65 525.27 Td (6,749) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 525.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 525.27 Td (4,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 525.27 Td (120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 525.27 Td (2,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 525.27 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 511.17 Td (Manufactured housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.65 511.17 Td (9,665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.65 511.17 Td (9,665) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 511.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 511.17 Td (8,961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 511.17 Td (465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 511.17 Td (5,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 511.17 Td (368) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 34.50 497.28 Td (W) Tj ET Q q 0 0 0 rg BT 44.32 497.28 Td (ith an allowance r) Tj ET Q q 0 0 0 rg BT 120.53 497.28 Td (ecorded) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 483.17 Td (Multi-family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.15 482.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.15 482.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 482.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 482.27 Td (232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 482.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 482.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 482.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 468.17 Td (Commercial and industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.65 467.27 Td (6,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.65 467.27 Td (6,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 467.27 Td (1,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 467.27 Td (7,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.15 467.27 Td (436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 467.27 Td (9,331) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.15 467.27 Td (191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 453.17 Td (Commercial real estate - owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 443.17 Td (occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.15 442.27 Td (840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.15 442.27 Td (840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 442.27 Td (287) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 442.27 Td (173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 442.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 442.27 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 442.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 428.17 Td (Commercial real estate - non-owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 418.17 Td (occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.15 417.27 Td (149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.15 417.27 Td (204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 417.27 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 417.27 Td (380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 417.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 417.27 Td (817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 417.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 403.17 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.15 402.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.15 402.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 402.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.15 402.27 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 402.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 402.27 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 402.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 388.17 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.15 387.27 Td (290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.15 387.27 Td (303) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 387.27 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 387.27 Td (395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.15 387.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 387.27 Td (426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 387.27 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 373.33 Td (T) Tj ET Q q 0 0 0 rg BT 58.25 373.33 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.50 372.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.65 372.27 Td (29,41) Tj ET Q q 0 0 0 rg BT 224.15 372.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.50 372.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.65 372.27 Td (30,692) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.50 372.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 372.27 Td (1,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.50 372.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.65 372.27 Td (51,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.50 372.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.65 372.27 Td (2,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.50 372.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 372.27 Td (41,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 372.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 372.27 Td (2,678) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 31.50 338.10 Td (T) Tj ET Q q 0 0 0 rg BT 36.51 338.10 Td (r) Tj ET Q q 0 0 0 rg BT 40.03 338.10 Td (oubled Debt Restructurings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 320.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 44.00 320.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.58 320.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.58 320.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.58 320.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.02 320.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.02 320.10 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.44 320.10 Td ($20.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.33 320.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.33 320.10 Td ($16.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.22 320.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.66 320.10 Td ($1) Tj ET Q q 0 0 0 rg BT 378.29 320.10 Td (1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.18 320.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 474.84 320.10 Td (, in loans categorized as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 308.10 Td (troubled debt restructurings \(TDRs\). ) Tj ET Q q 0 0 0 rg BT 191.28 308.10 Td (TDRs are reported as impaired loans in the calendar year of their restructuring and are evaluated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 296.10 Td (to determine whether they should be placed on non-accrual status. In subsequent years, a ) Tj ET Q q 0 0 0 rg BT 391.48 296.10 Td (TDR may be returned to accruing status if the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 284.10 Td (borrower satisfies a minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.70 284.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.37 284.10 Td (-month performance requirement; however) Tj ET Q q 0 0 0 rg BT 337.39 284.10 Td (, the ) Tj ET Q q 0 0 0 rg BT 356.93 284.10 Td (TDR will remain classified as impaired. Generally) Tj ET Q q 0 0 0 rg BT 560.66 284.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 272.10 Td (Customers requires sustained performance for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.38 272.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.55 272.10 Td ( before returning a ) Tj ET Q q 0 0 0 rg BT 344.00 272.10 Td (TDR to accruing status. Modifications of purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 260.10 Td (credit-impaired loans that are accounted for within loan pools in accordance with the accounting standards for purchased credit-impaired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 248.10 Td (loans do not result in the removal of these loans from the pool even if the modifications would otherwise be considered a ) Tj ET Q q 0 0 0 rg BT 517.86 248.10 Td (TDR. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 236.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 80.84 236.10 Td (, as each pool is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 224.10 Td (flows, modifications of loans within such pools are not considered ) Tj ET Q q 0 0 0 rg BT 299.33 224.10 Td (TDRs.) Tj ET Q endstream endobj 277 0 obj <> endobj 278 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 742.10 Td (The following table presents total ) Tj ET Q q 0 0 0 rg BT 168.23 742.10 Td (TDRs based on loan type and accrual status at December 31, 2017, 2016, and 2015. Nonaccrual ) Tj ET Q q 0 0 0 rg BT 556.54 742.10 Td (TDRs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 730.10 Td (are included in the reported amount of total non-accrual loans.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 33.00 635.60 102.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.00 635.60 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 181.00 635.60 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.00 635.60 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 635.60 10.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 635.60 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 635.60 52.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 635.60 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 635.60 9.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 635.60 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 635.60 48.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 532.00 635.60 46.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 33.00 592.60 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.00 592.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 181.00 592.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.00 592.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 592.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 592.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 592.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 592.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 592.60 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 592.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 592.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 532.00 592.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 33.00 562.60 102.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 135.00 562.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 181.00 562.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 229.00 562.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 562.60 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.00 562.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 562.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 562.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.00 562.60 9.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.00 562.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 562.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 532.00 562.60 46.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 135 704.6 m 181 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181 704.6 m 229 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 704.6 m 275 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 704.6 m 429 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 704.6 m 484 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 704.6 m 532 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 704.6 m 578 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 135 704.6 m 181 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 135 689.6 m 181 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181 704.6 m 229 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181 689.6 m 229 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 704.6 m 275 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 704.6 m 285 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 704.6 m 331 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 689.6 m 331 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 704.6 m 383 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 689.6 m 383 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 704.6 m 429 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 689.6 m 429 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 704.6 m 438 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 704.6 m 484 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 689.6 m 484 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 704.6 m 532 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 689.6 m 532 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 704.6 m 578 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 689.6 m 578 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 135 665.6 m 181 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181 665.6 m 229 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 689.6 m 275 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 665.6 m 275 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 665.6 m 331 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 665.6 m 383 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 665.6 m 429 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 689.6 m 484 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 665.6 m 484 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 689.6 m 532 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 665.6 m 532 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 689.6 m 578 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 665.6 m 578 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 135 562.6 m 181 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181 562.6 m 229 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 562.6 m 275 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 562.6 m 331 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 562.6 m 383 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 562.6 m 429 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 562.6 m 484 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 562.6 m 532 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 562.6 m 578 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 135 548.6 m 181 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 135 546.6 m 181 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181 548.6 m 229 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 181 546.6 m 229 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 548.6 m 275 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 546.6 m 275 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 548.6 m 331 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285 546.6 m 331 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 548.6 m 383 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 546.6 m 383 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 548.6 m 429 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 546.6 m 429 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 562.6 m 484 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 548.6 m 484 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438 546.6 m 484 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 562.6 m 532 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 548.6 m 532 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 546.6 m 532 546.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 562.6 m 578 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 548.6 m 578 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 546.6 m 578 546.6 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.75 709.06 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 35.50 693.85 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 195.50 694.06 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.50 694.06 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 498.50 694.06 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 140.75 679.06 Td (Accruing ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 146.70 670.06 Td (TDRs ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 183.75 679.06 Td (Nonaccrual) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 193.70 670.06 Td (TDRs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 242.30 670.06 Td (T) Tj ET Q q 0 0 0 rg BT 247.48 670.06 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.75 679.06 Td (Accruing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.70 670.06 Td (TDRs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.75 679.06 Td (Nonaccrual) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.70 670.06 Td (TDRs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.30 670.06 Td (T) Tj ET Q q 0 0 0 rg BT 401.48 670.06 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.75 679.06 Td (Accruing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.70 670.06 Td (TDRs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.75 679.06 Td (Nonaccrual) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.70 670.06 Td (TDRs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 545.30 670.06 Td (T) Tj ET Q q 0 0 0 rg BT 550.17 670.06 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 35.50 654.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 640.06 Td (Commercial and industrial) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 137.50 640.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 168.50 640.06 Td (63) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 183.50 640.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.25 640.06 Td (5,939) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.50 640.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.25 640.06 Td (6,002) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.50 640.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.50 640.06 Td (73) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.50 640.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 640.06 Td (146) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.50 640.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.00 640.06 Td (219) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 640.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.50 640.06 Td (27) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.50 640.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 640.06 Td (518) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.50 640.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.00 640.06 Td (545) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 626.86 Td (Commercial real estate) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 617.86 Td (owner occupied) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 168.50 619.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.50 619.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.50 619.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.50 619.06 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.50 619.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 416.50 619.06 Td (12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.50 619.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.50 619.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 565.50 619.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 605.86 Td (Commercial real estate) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 596.86 Td (non-owner occupied) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 168.50 597.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.50 597.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 262.50 597.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.50 597.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.25 597.06 Td (1,945) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.25 597.06 Td (1,945) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 471.50 597.06 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.00 597.06 Td (204) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 561.00 597.06 Td (204) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 582.06 Td (Manufactured housing) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 157.25 582.06 Td (8,130) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.25 582.06 Td (1,766) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.25 582.06 Td (9,896) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.25 582.06 Td (7,429) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.25 582.06 Td (2,072) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.25 582.06 Td (9,501) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 582.06 Td (5,91) Tj ET Q q 0 0 0 rg BT 476.00 582.06 Td (1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.25 582.06 Td (2,389) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 582.06 Td (8,300) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 567.06 Td (Residential real estate) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 157.25 567.06 Td (3,828) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.00 567.06 Td (703) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.25 567.06 Td (4,531) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.25 567.06 Td (4,012) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 366.00 567.06 Td (707) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.25 567.06 Td (4,719) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 567.06 Td (2,332) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.50 567.06 Td (61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.25 567.06 Td (2,393) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 35.50 552.06 Td (T) Tj ET Q q 0 0 0 rg BT 40.37 552.06 Td (otal ) Tj ET Q q 0 0 0 rg BT 55.95 552.06 Td (TDRs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 137.50 552.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 152.75 552.06 Td (12,021) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 183.50 552.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.25 552.06 Td (8,408) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.50 552.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 246.75 552.06 Td (20,429) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 287.50 552.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 302.75 552.06 Td (1) Tj ET Q q 0 0 0 rg BT 307.25 552.06 Td (1,526) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.50 552.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 359.25 552.06 Td (4,870) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.50 552.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 400.75 552.06 Td (16,396) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.50 552.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.25 552.06 Td (8,270) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.50 552.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.25 552.06 Td (3,172) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.50 552.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.75 552.06 Td (1) Tj ET Q q 0 0 0 rg BT 554.25 552.06 Td (1,442) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 524.10 Td (The following table presents loans modified in a troubled debt restructuring by type of concession for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.98 524.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 512.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 512.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.50 512.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 512.10 Td ( and 2015. ) Tj ET Q q 0 0 0 rg BT 123.26 512.10 Td (There were no modifications that involved for) Tj ET Q q 0 0 0 rg BT 307.46 512.10 Td (giveness of debt.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 429.60 188.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 429.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 429.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 429.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 429.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 429.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 429.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 401.60 188.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 401.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.00 401.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 401.60 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 331.00 401.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 335.00 401.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 401.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.00 401.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 447.00 401.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.00 401.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 401.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 401.60 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 476.6 m 273 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 476.6 m 277 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 476.6 m 331 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 476.6 m 335 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 476.6 m 388 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 476.6 m 392 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 476.6 m 447 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 476.6 m 451 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 476.6 m 506 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 476.6 m 510 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 476.6 m 565 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 476.6 m 273 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 463.6 m 273 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 476.6 m 277 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273 463.6 m 277 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 476.6 m 331 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 463.6 m 331 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331 476.6 m 335 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 476.6 m 388 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 463.6 m 388 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 476.6 m 392 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 463.6 m 392 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 476.6 m 447 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 463.6 m 447 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 447 476.6 m 451 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 476.6 m 506 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 463.6 m 506 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 476.6 m 510 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 463.6 m 510 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 476.6 m 565 476.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 463.6 m 565 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 442.6 m 273 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 442.6 m 331 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 442.6 m 388 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 442.6 m 447 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 442.6 m 506 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 442.6 m 565 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 442.6 m 506 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 442.6 m 565 442.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 401.6 m 273 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 401.6 m 331 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 401.6 m 388 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 401.6 m 447 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 401.6 m 506 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 401.6 m 565 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 388.6 m 273 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 386.6 m 273 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 388.6 m 331 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 386.6 m 331 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 388.6 m 388 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335 386.6 m 388 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 388.6 m 447 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392 386.6 m 447 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 388.6 m 506 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451 386.6 m 506 386.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 388.6 m 565 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 386.6 m 565 386.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.10 480.85 Td (For the ) Tj ET Q q 0 0 0 rg BT 360.84 480.85 Td (Y) Tj ET Q q 0 0 0 rg BT 366.07 480.85 Td (ears Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 467.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.00 467.85 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.50 467.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 467.85 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 446.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.85 454.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.85 446.85 Td (ofLoans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.15 454.85 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.70 446.85 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.85 454.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.85 446.85 Td (ofLoans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.65 454.85 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.20 446.85 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.85 454.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.85 446.85 Td (ofLoans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.65 454.85 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.20 446.85 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 433.85 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 420.17 Td (Extensions of maturity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.15 420.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.50 420.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 420.17 Td (6,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 420.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 420.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 420.17 Td (1,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.15 420.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 420.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.15 420.17 Td (183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 406.17 Td (Interest-rate reductions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.15 406.17 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 406.17 Td (1,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 406.17 Td (61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 406.17 Td (4,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 406.17 Td (161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.65 406.17 Td (7,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 392.17 Td (T) Tj ET Q q 0 0 0 rg BT 39.91 392.17 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.15 392.17 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.50 392.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.65 392.17 Td (8,071) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.15 392.17 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 392.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 392.17 Td (6,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 392.17 Td (162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 392.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.65 392.17 Td (7,457) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 352.10 Td (The following table provides, by loan type, the number of loans modified in troubled debt restructurings and the related recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 340.10 Td (investment for the years ended December 31, 2017, 2016 and 2015.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 269.60 188.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 269.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 269.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 269.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 269.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 269.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 269.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 269.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 269.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 269.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 269.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 269.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 241.60 188.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 241.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 241.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 241.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 241.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 241.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 241.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 241.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 241.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 241.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 241.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 241.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 213.60 188.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 220.00 213.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 275.00 213.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 213.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.00 213.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.00 213.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.00 213.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.00 213.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 213.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.00 213.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 511.00 213.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 515.00 213.60 55.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 316.6 m 275 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 316.6 m 279 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 316.6 m 334 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334 316.6 m 338 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 316.6 m 393 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 316.6 m 397 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 316.6 m 452 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 316.6 m 456 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 316.6 m 511 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 316.6 m 515 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 316.6 m 570 316.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 303.6 m 275 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 275 303.6 m 279 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 303.6 m 334 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 303.6 m 393 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393 303.6 m 397 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 303.6 m 452 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 303.6 m 511 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511 303.6 m 515 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 303.6 m 570 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 282.6 m 275 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 282.6 m 334 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 282.6 m 393 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 282.6 m 452 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 282.6 m 511 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 282.6 m 570 282.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 213.60000000000002 m 275 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 213.60000000000002 m 334 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 213.60000000000002 m 393 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 213.60000000000002 m 452 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 213.60000000000002 m 511 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 213.60000000000002 m 570 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 200.60000000000002 m 275 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 220 198.60000000000002 m 275 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 200.60000000000002 m 334 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 198.60000000000002 m 334 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 200.60000000000002 m 393 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338 198.60000000000002 m 393 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 200.60000000000002 m 452 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397 198.60000000000002 m 452 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 200.60000000000002 m 511 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456 198.60000000000002 m 511 198.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 213.60000000000002 m 570 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 200.60000000000002 m 570 200.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515 198.60000000000002 m 570 198.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 338.60 320.85 Td (For the ) Tj ET Q q 0 0 0 rg BT 363.34 320.85 Td (Y) Tj ET Q q 0 0 0 rg BT 368.57 320.85 Td (ears Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 307.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 268.50 307.85 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.50 307.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.50 307.85 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 286.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 233.85 294.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.85 286.85 Td (ofLoans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.65 294.85 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.20 286.85 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.85 294.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.85 286.85 Td (ofLoans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.65 294.85 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.20 286.85 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.85 294.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.85 286.85 Td (ofLoans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.65 294.85 Td (Recorded) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.20 286.85 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 273.85 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 260.17 Td (Commercial and industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.15 260.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.50 260.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 260.17 Td (6,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 260.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 260.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.15 260.17 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 260.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 260.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 260.17 Td (791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 246.17 Td (Commercial real estate non-owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.15 246.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 246.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 246.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 246.17 Td (1,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 246.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 246.17 Td (21) Tj ET Q q 0 0 0 rg BT 561.15 246.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 232.17 Td (Manufactured housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.15 232.17 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 232.17 Td (1,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 232.17 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 232.17 Td (2,286) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 232.17 Td (156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 232.17 Td (6,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 218.17 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.15 218.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.15 218.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.15 218.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 218.17 Td (2,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 218.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.15 218.17 Td (204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 204.17 Td (T) Tj ET Q q 0 0 0 rg BT 39.91 204.17 Td (otal loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.15 204.17 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.50 204.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.65 204.17 Td (8,071) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.15 204.17 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.50 204.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 204.17 Td (6,616) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 204.17 Td (162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 204.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 204.17 Td (7,457) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 185.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 173.70 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.94 173.70 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.53 173.70 Td (, except for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.28 173.70 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.72 173.70 Td ( commercial and industrial loan with an outstanding commitment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.10 173.70 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 173.70 Td (, there were no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 161.70 Td (other commitments to lend additional funds to debtors whose loans have been modified in ) Tj ET Q q 0 0 0 rg BT 394.02 161.70 Td (TDRs. ) Tj ET Q q 0 0 0 rg BT 425.24 161.70 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.98 161.70 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.98 161.70 Td ( commitments to lend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 149.70 Td (additional funds to debtors whose terms had been modified in ) Tj ET Q q 0 0 0 rg BT 280.71 149.70 Td (TDRs at December 31, 2016 and 2015, respectively) Tj ET Q q 0 0 0 rg BT 487.51 149.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 125.70 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.94 125.70 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.53 125.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.53 125.70 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.07 125.70 Td ( manufactured housing loans totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.88 125.70 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.77 125.70 Td ( that were modified in troubled debt restructurings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 113.70 Td (within the past twelve months defaulted on payments. ) Tj ET Q q 0 0 0 rg BT 251.46 113.70 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.90 113.70 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.49 113.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.49 113.70 Td (eight) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.48 113.70 Td ( manufactured housing loans totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.28 113.70 Td ($0.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 101.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.39 101.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.39 101.70 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.83 101.70 Td ( commercial real estate non-owner occupied loan of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.74 101.70 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.63 101.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.07 101.70 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.51 101.70 Td ( residential real estate loan of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.45 101.70 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.34 101.70 Td ( that had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 89.70 Td (been modified in troubled debt restructurings within the past twelve months defaulted on payments. ) Tj ET Q q 0 0 0 rg BT 434.75 89.70 Td (As of December 31, 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.77 89.70 Td (eleven) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 568.87 89.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 77.70 Td (manufactured housing loans totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.80 77.70 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.69 77.70 Td ( that had been modified in troubled debt restructurings within the past 12 months ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 65.70 Td (defaulted on payments.) Tj ET Q endstream endobj 279 0 obj <> endobj 280 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 742.10 Td (Loans modified in troubled debt restructurings are evaluated for impairment. ) Tj ET Q q 0 0 0 rg BT 343.44 742.10 Td (The nature and extent of impairment of ) Tj ET Q q 0 0 0 rg BT 502.93 742.10 Td (TDRs, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 730.10 Td (those that have experienced a subsequent default, is considered in the determination of an appropriate level of allowance for loan losses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 718.10 Td (For the year ended December 31, 2017, there was one allowance recorded as a result of ) Tj ET Q q 0 0 0 rg BT 383.39 718.10 Td (TDR modifications totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.44 718.10 Td ($1 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.04 718.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.71 718.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 576.14 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 706.10 Td (manufactured housing loan. ) Tj ET Q q 0 0 0 rg BT 147.68 706.10 Td (There were no allowances recorded as a result of ) Tj ET Q q 0 0 0 rg BT 345.46 706.10 Td (TDR modifications during 2016. ) Tj ET Q q 0 0 0 rg BT 481.37 706.10 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.12 706.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.10 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 694.10 Td (allowances recorded as a result of ) Tj ET Q q 0 0 0 rg BT 169.03 694.10 Td (TDR modifications during 2015 totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.18 694.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.08 694.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.74 694.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.74 694.10 Td ( commercial and industrial loans, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 682.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.39 682.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.05 682.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.49 682.10 Td ( commercial real estate non-owner occupied loan. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 31.50 658.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 46.13 658.10 Td (chased Cr) Tj ET Q q 0 0 0 rg BT 86.59 658.10 Td (edit-Impair) Tj ET Q q 0 0 0 rg BT 131.76 658.10 Td (ed Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 634.10 Td (The changes in accretable yield related to purchased credit-impaired loans for the years ended December 31, 2017, 2016 and 2015,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 622.10 Td (were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 572.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 572.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 572.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 572.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 572.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 572.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 542.60 309.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 542.60 65.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 542.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 542.60 65.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 542.60 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 542.60 65.00 -18.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 598.6 m 406 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 598.6 m 410 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 598.6 m 475 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 598.6 m 479 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 598.6 m 544 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 585.6 m 406 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 585.6 m 475 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 585.6 m 544 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 585.6 m 406 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 585.6 m 475 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 524.6 m 406 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 524.6 m 475 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 524.6 m 544 524.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 510.6 m 406 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 508.6 m 406 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 510.6 m 475 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 508.6 m 475 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 510.6 m 544 510.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 508.6 m 544 508.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 602.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.10 602.85 Td (For the ) Tj ET Q q 0 0 0 rg BT 410.84 602.85 Td (Y) Tj ET Q q 0 0 0 rg BT 416.07 602.85 Td (ears Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 589.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.00 589.85 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.00 589.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 503.00 589.85 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 576.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 562.27 Td (Accretable yield balance as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.50 562.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 562.27 Td (10,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 562.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 562.27 Td (12,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 562.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 562.27 Td (17,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 547.27 Td (Accretion to interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.30 547.32 Td (\(1,673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 547.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 547.32 Td (\(3,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 547.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 547.32 Td (\(2,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 547.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 529.27 Td (Reclassification from nonaccretable dif) Tj ET Q q 0 0 0 rg BT 191.75 529.27 Td (ference and disposals, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 529.32 Td (\(704) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 529.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 529.27 Td (1,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 529.32 Td (\(2,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 529.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 515.17 Td (Accretable yield balance as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.50 514.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 514.27 Td (7,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 514.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 514.27 Td (10,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 514.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 514.27 Td (12,947) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 31.50 486.10 Td (Allowance for Loan Losses and the FDIC Loss Sharing Receivable and Clawback Liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 462.10 Td (In 2010, Customers acquired certain loans pursuant to FDIC-assisted transactions in which losses from resolution of the nonperforming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 450.10 Td (loans were eligible for partial reimbursement by the FDIC \("covered loans"\). Subsequent to the purchase date, the expected cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 438.10 Td (on the covered loans were subject to evaluation. Decreases in the present value of expected cash flows on the covered loans were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 426.10 Td (recognized by increasing the allowance for loan losses with a related char) Tj ET Q q 0 0 0 rg BT 325.92 426.10 Td (ge to the provision for loan losses. ) Tj ET Q q 0 0 0 rg BT 467.85 426.10 Td (At the same time, the FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 414.10 Td (loss sharing receivable balance was increased reflecting an estimated future collection from the FDIC, which was recorded as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 402.10 Td (reduction to the provision for loan losses. If the expected cash flows on the covered loans increased such that a previously recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 390.10 Td (impairment could be reversed, Customers recorded a reduction in the allowance for loan losses \(with a related credit to the provision for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 378.10 Td (loan losses\) accompanied by a reduction in the FDIC loss sharing receivable balance \(with a related char) Tj ET Q q 0 0 0 rg BT 450.05 378.10 Td (ge to the provision for loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 366.10 Td (losses\). Increases in expected cash flows on covered loans and decreases in expected cash flows from the FDIC loss sharing receivable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 354.10 Td (when there were no previously recorded impairments, were considered together and recognized over the remaining life of the loans as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 342.10 Td (interest income. Decreases in the valuations of other real estate owned covered by the loss sharing agreements were recorded net of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 330.10 Td (estimated FDIC receivable as an increase to other real estate owned expense \(a component of non-interest expense\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 306.10 Td (As part of the FDIC loss sharing agreements, Customers also assumed a potential liability to be paid within 45 days subsequent to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 294.10 Td (maturity or termination of the loss sharing agreements that was contingent upon actual losses incurred over the life of the agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 282.10 Td (relative to the expected losses and the consideration paid upon acquisition of the failed institutions \(the "Clawback liability"\). Due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 270.10 Td (cash receipts on the covered assets in excess of the original expectations of the FDIC, Customers anticipated that it would be required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 258.10 Td (pay an amount to the FDIC at the end of the loss sharing agreements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 234.10 Td (Customers presented the FDIC Loss Sharing Receivable, net of the Clawback liability on the consolidated balance sheets. In the event ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 222.10 Td (the Clawback liability exceeded the FDIC Loss Sharing Receivable balance, the net liability amount was presented in "Accrued interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 210.10 Td (payable and other liabilities" on the consolidated balance sheets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 186.10 Td (On July 1) Tj ET Q q 0 0 0 rg BT 70.02 186.10 Td (1, 2016, Customers entered into an agreement to terminate all existing rights and obligations pursuant to the loss sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 174.10 Td (agreements with the FDIC. In connection with the termination agreement, Customers paid the FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.24 174.10 Td ($1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.13 174.10 Td ( as final payment under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 162.10 Td (these agreements. ) Tj ET Q q 0 0 0 rg BT 107.40 162.10 Td (The negotiated settlement amount was based on net losses incurred on the covered assets through September 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 150.10 Td (2015, adjusted for cash payments to and cash receipts from the FDIC as part of the December 31, 2015 and March 31, 2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 138.10 Td (certifications. Consequently) Tj ET Q q 0 0 0 rg BT 145.54 138.10 Td (, loans and other real estate owned previously reported as covered assets pursuant to the loss sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 126.10 Td (agreements were no longer presented as covered assets as of June 30, 2016. ) Tj ET Q endstream endobj 281 0 obj <> endobj 282 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 742.10 Td (The following table presents changes in the allowance for loans losses and the FDIC loss sharing receivable, including the ef) Tj ET Q q 0 0 0 rg BT 530.63 742.10 Td (fect of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 730.10 Td (estimated Clawback liability for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.27 730.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.85 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.85 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.85 730.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.29 730.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.29 730.10 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 715.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 658.20 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 658.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 658.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 658.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 658.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 658.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 630.20 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 630.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 630.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 630.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 630.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 630.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 602.20 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 602.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 602.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 602.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 602.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 602.20 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 684.2 m 437 684.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 684.2 m 441 684.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 684.2 m 506 684.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 684.2 m 510 684.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 684.2 m 575 684.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 671.2 m 437 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 671.2 m 506 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 671.2 m 575 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 602.2 m 437 602.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 589.2 m 437 589.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 587.2 m 437 587.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 602.2 m 506 602.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 589.2 m 506 589.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 587.2 m 506 587.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 602.2 m 575 602.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 589.2 m 575 589.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 587.2 m 575 587.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 688.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.90 696.45 Td (Allowance for Loan Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.10 688.45 Td (Forthe) Tj ET Q q 0 0 0 rg BT 441.69 688.45 Td (Y) Tj ET Q q 0 0 0 rg BT 446.67 688.45 Td (earsEnded December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 675.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 675.45 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.00 675.45 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.00 675.45 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 662.45 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 648.77 Td (Ending balance as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 648.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 648.77 Td (37,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 648.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 648.77 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 648.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 648.77 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 634.77 Td (Provision for loan losses \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 634.77 Td (6,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 634.77 Td (3,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 634.77 Td (16,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 620.77 Td (Char) Tj ET Q q 0 0 0 rg BT 53.85 620.77 Td (ge-of) Tj ET Q q 0 0 0 rg BT 74.77 620.77 Td (fs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.30 620.82 Td (\(7,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 620.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 620.82 Td (\(4,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 620.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 620.77 Td (\(13,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.15 620.77 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 606.77 Td (Recoveries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 606.77 Td (1,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 606.77 Td (2,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 606.77 Td (1,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 592.77 Td (Ending balance as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 592.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 592.77 Td (38,015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 592.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 592.77 Td (37,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 592.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 592.77 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 574.30 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 518.80 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 518.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 518.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 518.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 518.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 518.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 490.80 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 490.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 490.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 490.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 490.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 490.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 462.80 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 462.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 462.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 462.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 462.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 462.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 434.80 340.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 434.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 434.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 434.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 434.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 434.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 406.80 340.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 372.00 406.80 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.00 406.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 441.00 406.80 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.00 406.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 510.00 406.80 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 542.8 m 437 542.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437 542.8 m 441 542.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 542.8 m 506 542.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 542.8 m 510 542.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 542.8 m 575 542.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 530.8 m 437 530.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 530.8 m 506 530.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 530.8 m 575 530.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 448.8 m 437 448.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 448.8 m 506 448.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 448.8 m 575 448.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 435.8 m 437 435.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 433.8 m 437 433.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 435.8 m 506 435.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 433.8 m 506 433.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 435.8 m 575 435.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 433.8 m 575 433.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 391.8 m 437 391.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 378.8 m 437 378.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372 376.8 m 437 376.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 391.8 m 506 391.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 378.8 m 506 378.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 441 376.8 m 506 376.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 391.8 m 575 391.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 378.8 m 575 378.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 510 376.8 m 575 376.8 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 547.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 423.10 555.05 Td (FDIC Loss Sharing Receivable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.10 547.05 Td (Forthe) Tj ET Q q 0 0 0 rg BT 441.69 547.05 Td (Y) Tj ET Q q 0 0 0 rg BT 446.67 547.05 Td (earsEndedDecember31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 534.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 534.75 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.00 534.75 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.00 534.75 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 522.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 509.37 Td (Ending balance as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 509.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 509.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 509.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.30 509.42 Td (\(2,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 509.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 509.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 509.37 Td (2,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 495.37 Td (Increased \(decreased\) estimated cash flows \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 495.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.15 495.37 Td (289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 495.37 Td (\(3,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.15 495.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 481.37 Td (Increased estimated cash flows from covered OREO \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 481.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 481.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 481.37 Td (3,138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 467.37 Td (Other activity) Tj ET Q q 0 0 0 rg BT 89.43 467.37 Td (, net \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 467.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.80 467.42 Td (\(255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 467.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.15 467.37 Td (248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 453.37 Td (Cash payments to \(receipts from\) the FDIC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 453.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 453.37 Td (2,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 453.37 Td (\(3,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.15 453.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 439.37 Td (Ending balance as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 439.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 439.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 439.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.15 439.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 439.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 439.37 Td (\(2,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 571.15 439.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 411.37 Td (\(1\)Provision for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 411.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 411.37 Td (6,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 411.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 411.37 Td (3,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 411.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 411.37 Td (16,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 397.37 Td (\(2\)Ef) Tj ET Q q 0 0 0 rg BT 65.42 397.37 Td (fect attributable to FDIC loss sharing agreements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 396.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.80 396.52 Td (\(289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.15 396.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 396.47 Td (3,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 382.37 Td (Net amount reported as provision for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.50 382.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 382.37 Td (6,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.50 382.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 382.37 Td (3,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.50 382.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 382.37 Td (20,566) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 363.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 351.90 Td (\(a\) Recorded as a reduction to Other real estate owned expense \(a component of non-interest expense\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 339.90 Td (\(b\) Includes external costs, such as legal fees, real estate taxes and appraisal expenses, that qualified for reimbursement under the loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 327.90 Td (sharing agreements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 31.50 303.90 Td (Cr) Tj ET Q q 0 0 0 rg BT 41.69 303.90 Td (edit Quality Indicators) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 279.90 Td (Multi-family) Tj ET Q q 0 0 0 rg BT 82.51 279.90 Td (, commercial and industrial, owner occupied commercial real estate, non-owner occupied commercial real estate and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 267.90 Td (construction loans are rated based on an internally assigned risk rating system which is assigned at the time of loan origination and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 255.90 Td (reviewed on a periodic, or on an as needed basis. Residential real estate loans, manufactured housing and other consumer loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 243.90 Td (evaluated based on the payment activity of the loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 219.90 Td (T) Tj ET Q q 0 0 0 rg BT 36.91 219.90 Td (o facilitate the monitoring of credit quality within the multi-family) Tj ET Q q 0 0 0 rg BT 302.58 219.90 Td (, commercial and industrial, owner occupied commercial real estate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 207.90 Td (non-owner occupied commercial real estate, construction and residential real estate classes, and for purposes of analyzing historical loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 195.90 Td (rates used in the determination of the allowance for loan losses for the respective loan portfolio class, Customers utilizes the following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 183.90 Td (categories of risk ratings: pass/satisfactory \(includes risk rating 1 through 6\), special mention, substandard, doubtful and loss. ) Tj ET Q q 0 0 0 rg BT 537.88 183.90 Td (The risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 171.90 Td (rating categories, which are derived from standard regulatory rating definitions, are assigned upon initial approval of credit to borrowers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 159.90 Td (and updated periodically thereafter) Tj ET Q q 0 0 0 rg BT 170.60 159.90 Td (. Pass/satisfactory ratings, which are assigned to those borrowers who do not have identified potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 147.90 Td (or well-defined weaknesses and for whom there is a high likelihood of orderly repayment, are updated periodically based on the size and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 135.90 Td (credit characteristics of the borrower) Tj ET Q q 0 0 0 rg BT 178.10 135.90 Td (. ) Tj ET Q q 0 0 0 rg BT 185.04 135.90 Td (All other categories are updated on a quarterly basis during the month preceding the end of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 123.90 Td (calendar quarter) Tj ET Q q 0 0 0 rg BT 95.63 123.90 Td (. ) Tj ET Q q 0 0 0 rg BT 102.95 123.90 Td (While assigning risk ratings involves judgment, the risk-rating process allows management to identify riskier credits in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 111.90 Td (a timely manner and allocate the appropriate resources to manage those loans.) Tj ET Q endstream endobj 283 0 obj <> endobj 284 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 742.10 Td (The risk rating grades are defined as follows:) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 31.5 710.7669921875 m 55.376953125 710.7669921875 l s q 0 0 0 rg BT 31.50 712.10 Td (1 ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 55.376953125 710.7669921875 m 74.2685546875 710.7669921875 l s q 0 0 0 rg BT 55.38 712.10 Td (Pass) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 74.2685546875 710.7669921875 m 77.046875 710.7669921875 l s q 0 0 0 rg BT 74.27 712.10 Td (/) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.046875 710.7669921875 m 114.244140625 710.7669921875 l s q 0 0 0 rg BT 77.05 712.10 Td (Excellent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 694.10 Td (Loans rated 1 represent a credit extension of the highest quality) Tj ET Q q 0 0 0 rg BT 284.65 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 291.97 694.10 Td (The borrower) Tj ET Q q 0 0 0 rg BT 347.04 694.10 Td () Tj ET Q q 0 0 0 rg BT 349.82 694.10 Td (s historic \(at least five years\) cash flows manifest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 682.10 Td (extremely lar) Tj ET Q q 0 0 0 rg BT 84.35 682.10 Td (ge and stable mar) Tj ET Q q 0 0 0 rg BT 154.42 682.10 Td (gins of coverage. Balance sheets are conservative, well capitalized, and liquid. ) Tj ET Q q 0 0 0 rg BT 475.12 682.10 Td (After considering debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 670.10 Td (service for proposed and existing debt, projected cash flows continue to be strong and provide ample coverage. ) Tj ET Q q 0 0 0 rg BT 480.62 670.10 Td (The borrower typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 658.10 Td (reflects broad geographic and product diversification and has access to alternative financial markets.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 31.5 626.7669921875 m 55.376953125 626.7669921875 l s q 0 0 0 rg BT 31.50 628.10 Td (2 ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 55.376953125 626.7669921875 m 74.2685546875 626.7669921875 l s q 0 0 0 rg BT 55.38 628.10 Td (Pass) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 74.2685546875 626.7669921875 m 77.046875 626.7669921875 l s q 0 0 0 rg BT 74.27 628.10 Td (/) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.046875 626.7669921875 m 112.046875 626.7669921875 l s q 0 0 0 rg BT 77.05 628.10 Td (Superior) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 610.10 Td (Loans rated 2 are those for which the borrower has a strong financial condition, balance sheet, operations, cash flow) Tj ET Q q 0 0 0 rg BT 495.41 610.10 Td (, debt capacity and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 598.10 Td (coverage with ratios better than industry norms. ) Tj ET Q q 0 0 0 rg BT 227.66 598.10 Td (The borrowers of these loans exhibit a limited leverage position, are virtually immune ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 586.10 Td (to local economies and are in stable growing industries. ) Tj ET Q q 0 0 0 rg BT 258.76 586.10 Td (The management team is well respected, and the company has ready access to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 574.10 Td (public markets.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 31.5 542.7669921875 m 55.376953125 542.7669921875 l s q 0 0 0 rg BT 31.50 544.10 Td (3 ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 55.376953125 542.7669921875 m 74.2685546875 542.7669921875 l s q 0 0 0 rg BT 55.38 544.10 Td (Pass) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 74.2685546875 542.7669921875 m 77.046875 542.7669921875 l s q 0 0 0 rg BT 74.27 544.10 Td (/) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.046875 542.7669921875 m 103.345703125 542.7669921875 l s q 0 0 0 rg BT 77.05 544.10 Td (Str) Tj ET Q q 0 0 0 rg BT 88.35 544.10 Td (ong) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 526.10 Td (Loans rated 3 are those loans for which the borrowers have above average financial condition and flexibility) Tj ET Q q 0 0 0 rg BT 464.02 526.10 Td (, more than satisfactory debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 514.10 Td (service coverage, balance sheet and operating ratios that are consistent with or better than industry peers, operations in industries with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 502.10 Td (little risk, movement in diversified markets and experience and competency in their industry) Tj ET Q q 0 0 0 rg BT 400.46 502.10 Td (. ) Tj ET Q q 0 0 0 rg BT 407.78 502.10 Td (These borrowers) Tj ET Q q 0 0 0 rg BT 477.29 502.10 Td ( access to capital markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 490.10 Td (is limited mostly to private sources, often secured, but the borrower typically has access to a wide range of refinancing alternatives.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 31.5 458.7669921875 m 55.376953125 458.7669921875 l s q 0 0 0 rg BT 31.50 460.10 Td (4 ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 55.376953125 458.7669921875 m 74.2685546875 458.7669921875 l s q 0 0 0 rg BT 55.38 460.10 Td (Pass) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 74.2685546875 458.7669921875 m 77.046875 458.7669921875 l s q 0 0 0 rg BT 74.27 460.10 Td (/) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 77.046875 458.7669921875 m 99.2685546875 458.7669921875 l s q 0 0 0 rg BT 77.05 460.10 Td (Good) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 442.10 Td (Loans rated 4 have a sound primary and secondary source of repayment. ) Tj ET Q q 0 0 0 rg BT 326.21 442.10 Td (The borrower may have access to alternative sources of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 430.10 Td (financing, but sources are not as widely available as they are to a higher) Tj ET Q q 0 0 0 rg BT 318.97 430.10 Td (-grade borrower) Tj ET Q q 0 0 0 rg BT 383.11 430.10 Td (. ) Tj ET Q q 0 0 0 rg BT 390.43 430.10 Td (These loans carry a normal level of risk with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 418.10 Td (very low loss exposure. ) Tj ET Q q 0 0 0 rg BT 130.75 418.10 Td (The borrower has the ability to perform according to the terms of the credit facility) Tj ET Q q 0 0 0 rg BT 461.65 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 468.97 418.10 Td (The mar) Tj ET Q q 0 0 0 rg BT 502.38 418.10 Td (gins of cash flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 406.10 Td (coverage are satisfactory but vulnerable to more rapid deterioration than the higher) Tj ET Q q 0 0 0 rg BT 363.11 406.10 Td (-quality loans.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 31.5 374.7669921875 m 55.376953125 374.7669921875 l s q 0 0 0 rg BT 31.50 376.10 Td (5 ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 55.376953125 374.7669921875 m 103.150390625 374.7669921875 l s q 0 0 0 rg BT 55.38 376.10 Td (Satisfactory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 358.10 Td (Loans rated 5 are extended to borrowers who are determined to be a reasonable credit risk and demonstrate the ability to repay the debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 346.10 Td (from normal business operations. Risk factors may include reliability of mar) Tj ET Q q 0 0 0 rg BT 339.58 346.10 Td (gins and cash flows, liquidity) Tj ET Q q 0 0 0 rg BT 456.42 346.10 Td (, dependence on a single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 334.10 Td (product or industry) Tj ET Q q 0 0 0 rg BT 107.51 334.10 Td (, cyclical trends, depth of management or limited access to alternative financing sources. ) Tj ET Q q 0 0 0 rg BT 464.42 334.10 Td (The borrower) Tj ET Q q 0 0 0 rg BT 519.48 334.10 Td () Tj ET Q q 0 0 0 rg BT 522.26 334.10 Td (s historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 322.10 Td (financial information may indicate erratic performance; but current trends are positive, and the quality of financial information is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 310.10 Td (adequate, but is not as detailed and sophisticated as information found on higher) Tj ET Q q 0 0 0 rg BT 352.61 310.10 Td (-grade loans. If adverse circumstances arise, the impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 298.10 Td (on the borrower may be significant.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 31.5 266.7669921875 m 55.376953125 266.7669921875 l s q 0 0 0 rg BT 31.50 268.10 Td (6 ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 55.376953125 266.7669921875 m 103.150390625 266.7669921875 l s q 0 0 0 rg BT 55.38 268.10 Td (Satisfactory) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 103.150390625 266.7669921875 m 105.9287109375 266.7669921875 l s q 0 0 0 rg BT 103.15 268.10 Td (/) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 105.9287109375 266.7669921875 m 185.5478515625 266.7669921875 l s q 0 0 0 rg BT 105.93 268.10 Td (Bankable with Car) Tj ET Q q 0 0 0 rg BT 181.11 268.10 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 250.10 Td (Loans rated 6 are those for which the borrower has higher than normal credit risk; however) Tj ET Q q 0 0 0 rg BT 395.69 250.10 Td (, cash flow and asset values are generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 238.10 Td (intact. ) Tj ET Q q 0 0 0 rg BT 61.03 238.10 Td (These borrowers may exhibit declining financial characteristics with increasing leverage and decreasing liquidity and may have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 226.10 Td (limited resources and access to financial alternatives. Signs of weakness in these borrowers may include delinquent taxes, trade ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 214.10 Td (slowness and eroding profit mar) Tj ET Q q 0 0 0 rg BT 160.18 214.10 Td (gins.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 31.5 182.76699218750002 m 55.376953125 182.76699218750002 l s q 0 0 0 rg BT 31.50 184.10 Td (7 ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 55.376953125 182.76699218750002 m 120.6357421875 182.76699218750002 l s q 0 0 0 rg BT 55.38 184.10 Td (Special Mention) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 166.10 Td (Loans rated 7 are credit facilities that may have potential developing weaknesses and deserve extra attention from the account manager ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 154.10 Td (and other management personnel. In the event potential weaknesses are not corrected or mitigated, deterioration in the ability of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 142.10 Td (borrower to repay the debt in the future may occur) Tj ET Q q 0 0 0 rg BT 232.81 142.10 Td (. ) Tj ET Q q 0 0 0 rg BT 240.13 142.10 Td (This grade is not assigned to loans that bear certain peculiar risks normally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 130.10 Td (associated with the type of financing involved, unless circumstances have caused the risk to increase to a level higher than would have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 118.10 Td (been acceptable when the credit was originally approved. Loans where significant actual, not potential, weaknesses or problems are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 106.10 Td (clearly evident are graded in the category below) Tj ET Q q 0 0 0 rg BT 223.26 106.10 Td (.) Tj ET Q endstream endobj 285 0 obj <> endobj 286 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (141) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 31.5 740.7669921875 m 55.376953125 740.7669921875 l s q 0 0 0 rg BT 31.50 742.10 Td (8 ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 55.376953125 740.7669921875 m 105.5673828125 740.7669921875 l s q 0 0 0 rg BT 55.38 742.10 Td (Substandar) Tj ET Q q 0 0 0 rg BT 100.57 742.10 Td (d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 724.10 Td (Loans are classified 8 when the loans are inadequately protected by the current sound worth and payment capacity of the obligor or of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 712.10 Td (the collateral pledged, if any) Tj ET Q q 0 0 0 rg BT 144.97 712.10 Td (. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the liquidation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 700.10 Td (debt and are characterized by the distinct possibility that the company will sustain some loss if the weaknesses are not corrected.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 31.5 668.7669921875 m 55.376953125 668.7669921875 l s q 0 0 0 rg BT 31.50 670.10 Td (9 ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 55.376953125 668.7669921875 m 90.93359375 668.7669921875 l s q 0 0 0 rg BT 55.38 670.10 Td (Doubtful) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 652.10 Td (Customers assigns a doubtful rating to loans that have all the attributes of a substandard rating with the added characteristic that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 640.10 Td (weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions and values, highly questionable and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 628.10 Td (improbable. ) Tj ET Q q 0 0 0 rg BT 84.36 628.10 Td (The possibility of loss is extremely high, but because of certain important and reasonable specific pending factors that may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 616.10 Td (work to the advantage of and strengthen the credit quality of the loan, its classification as an estimated loss is deferred until its more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 604.10 Td (exact status may be determined. Pending factors may include a proposed mer) Tj ET Q q 0 0 0 rg BT 342.61 604.10 Td (ger or acquisition, liquidation proceeding, capital injection, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 592.10 Td (perfecting liens on additional collateral or refinancing plans.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 31.5 560.7669921875 m 60.376953125 560.7669921875 l s q 0 0 0 rg BT 31.50 562.10 Td (10 ) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 60.376953125 560.7669921875 m 78.7216796875 560.7669921875 l s q 0 0 0 rg BT 60.38 562.10 Td (Loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 544.10 Td (Customers assigns a loss rating to loans considered uncollectible and of such little value that their continuance as an active asset is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 532.10 Td (warranted. ) Tj ET Q q 0 0 0 rg BT 78.42 532.10 Td (Amounts classified as loss are immediately char) Tj ET Q q 0 0 0 rg BT 270.97 532.10 Td (ged of) Tj ET Q q 0 0 0 rg BT 296.06 532.10 Td (f.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 508.10 Td (Risk ratings are not established for consumer loans, including residential real estate, home equity) Tj ET Q q 0 0 0 rg BT 419.36 508.10 Td (, manufactured housing and installment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 496.10 Td (loans, mainly because these portfolios consist of a lar) Tj ET Q q 0 0 0 rg BT 244.87 496.10 Td (ger number of homogeneous loans with smaller balances. Instead, these portfolios ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 484.10 Td (are evaluated for risk mainly based upon aggregate payment history through the monitoring of delinquency levels and trends and are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 472.10 Td (classified as performing and non-performing. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 448.10 Td (The following table presents the credit ratings as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.49 448.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.08 448.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.52 448.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.52 448.10 Td (, for the loans receivable portfolio.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 372.60 77.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 109.00 372.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 154.00 372.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 158.00 372.60 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.00 372.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 372.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 372.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 372.60 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 372.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 372.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 372.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 372.60 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 372.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 372.60 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 372.60 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 372.60 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 372.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 532.00 372.60 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 348.60 77.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 109.00 348.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 154.00 348.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 158.00 348.60 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.00 348.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 348.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 348.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 348.60 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 348.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 348.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 348.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 348.60 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 348.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 348.60 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 348.60 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 348.60 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 348.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 532.00 348.60 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 324.60 77.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 109.00 324.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 154.00 324.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 158.00 324.60 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.00 324.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 324.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 324.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 324.60 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 324.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 324.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 324.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 324.60 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 324.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 324.60 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 324.60 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 324.60 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 324.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 532.00 324.60 49.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 109 424.6 m 154 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 154 424.6 m 158 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 424.6 m 207 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 424.6 m 211 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 424.6 m 262 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 424.6 m 266 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 424.6 m 316 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 424.6 m 320 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 424.6 m 371 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 424.6 m 375 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 424.6 m 421 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 424.6 m 425 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 424.6 m 480 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 424.6 m 485 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 424.6 m 528 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 424.6 m 532 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 424.6 m 581 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 109 384.6 m 154 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 384.6 m 207 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 384.6 m 262 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 384.6 m 316 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 384.6 m 371 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 384.6 m 421 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 384.6 m 480 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 384.6 m 528 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 384.6 m 581 384.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 109 312.6 m 154 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 312.6 m 207 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 312.6 m 262 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 312.6 m 316 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 312.6 m 371 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 312.6 m 421 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 312.6 m 480 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 312.6 m 528 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 109 312.6 m 154 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 109 299.6 m 154 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 109 297.6 m 154 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 312.6 m 207 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 299.6 m 207 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 297.6 m 207 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 312.6 m 262 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 299.6 m 262 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 297.6 m 262 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 312.6 m 316 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 299.6 m 316 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 297.6 m 316 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 312.6 m 371 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 299.6 m 371 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 297.6 m 371 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 312.6 m 421 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 299.6 m 421 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 297.6 m 421 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 312.6 m 480 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 299.6 m 480 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 297.6 m 480 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 312.6 m 528 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 299.6 m 528 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 297.6 m 528 297.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 312.6 m 581 312.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 299.6 m 581 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 297.6 m 581 297.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 428.85 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 315.00 428.75 Td (December 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 388.85 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 111.60 388.75 Td (Multi-family) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 163.45 403.75 Td (Commercial) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 176.55 396.25 Td (and) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 167.60 388.75 Td (Industrial) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 217.45 411.25 Td (Commercial) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 219.00 403.75 Td (Real Estate) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 225.75 396.25 Td (Owner) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 221.60 388.75 Td (Occupied) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 271.95 411.25 Td (Commercial) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 273.50 403.75 Td (Real Estate) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 272.55 396.25 Td (Non-Owner) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 276.10 388.75 Td (Occupied) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 325.60 388.75 Td (Construction) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 380.60 396.25 Td (Residential) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 380.50 388.75 Td (RealEstate) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 430.95 396.25 Td (Manufactured) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 439.25 388.75 Td (Housing) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 497.45 396.25 Td (Other) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 490.55 388.75 Td (Consumer) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 548.30 388.75 Td (T) Tj ET Q q 0 0 0 rg BT 552.36 388.75 Td (otal) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 34.50 376.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 34.50 364.21 Td (Pass/Satisfactory) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 111.50 364.21 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 116.60 364.21 Td (3,438,554) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 364.21 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 169.60 364.21 Td (1,1) Tj ET Q q 0 0 0 rg BT 180.22 364.21 Td (18,889) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 213.50 364.21 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 231.00 364.21 Td (471,826) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 268.50 364.21 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 278.60 364.21 Td (1,185,933) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 322.50 364.21 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 344.25 364.21 Td (85,393) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 377.50 364.21 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 409.15 364.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 427.50 364.21 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 468.15 364.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 487.50 364.21 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 516.15 364.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 534.50 364.21 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 543.60 364.21 Td (6,300,595) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 34.50 352.21 Td (Special Mention) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 127.25 352.21 Td (53,873) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 184.50 352.21 Td (7,652) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 239.50 352.21 Td (5,987) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 289.25 352.21 Td (31,767) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 359.15 352.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 409.15 352.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 468.15 352.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 516.15 352.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 554.25 352.21 Td (99,279) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 34.50 340.21 Td (Substandard) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 131.50 340.21 Td (9,954) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 180.25 340.21 Td (22,549) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 239.50 340.21 Td (6,915) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 293.50 340.21 Td (1,019) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 359.15 340.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 409.15 340.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 468.15 340.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 516.15 340.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 554.25 340.21 Td (40,437) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 34.50 328.21 Td (Performing \(1\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 142.15 328.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 195.15 328.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 250.15 328.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 304.15 328.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 359.15 328.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 390.00 328.21 Td (221,042) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 453.25 328.21 Td (81,497) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 505.50 328.21 Td (3,400) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 550.00 328.21 Td (305,939) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 34.50 316.21 Td (Non-performing \(2\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 142.15 316.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 195.15 316.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 250.15 316.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 304.15 316.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 359.15 316.21 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 394.25 316.21 Td (13,048) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 457.50 316.21 Td (8,730) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 511.90 316.21 Td (147) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 554.25 316.21 Td (21,925) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 34.50 304.21 Td (T) Tj ET Q q 0 0 0 rg BT 39.10 304.21 Td (otal) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 111.50 302.96 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 116.60 302.96 Td (3,502,381) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 160.50 302.96 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 169.60 302.96 Td (1,149,090) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 213.50 302.96 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 231.00 302.96 Td (484,728) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 268.50 302.96 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 278.60 302.96 Td (1,218,719) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 322.50 302.96 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 344.25 302.96 Td (85,393) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 377.50 302.96 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 390.00 302.96 Td (234,090) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 427.50 302.96 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 453.25 302.96 Td (90,227) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 487.50 302.96 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 505.50 302.96 Td (3,547) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 534.50 302.96 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 543.60 302.96 Td (6,768,175) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 284.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 31.00 210.20 77.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 210.20 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 210.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 210.20 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.00 210.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 210.20 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 210.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 210.20 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 210.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.00 210.20 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 210.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 210.20 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 210.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 210.20 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 210.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 210.20 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 210.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 210.20 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 31.00 186.20 77.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 186.20 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 186.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 186.20 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.00 186.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 186.20 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 186.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 186.20 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 186.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.00 186.20 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 186.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 186.20 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 186.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 186.20 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 186.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 186.20 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 186.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 186.20 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 31.00 162.20 77.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 162.20 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 162.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 162.20 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.00 162.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 162.20 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 162.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 162.20 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 162.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.00 162.20 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 162.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 162.20 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 162.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 162.20 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 162.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 162.20 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 162.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 162.20 50.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 261.20000000000005 m 153 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153 261.20000000000005 m 157 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 261.20000000000005 m 206 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 261.20000000000005 m 210 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 261.20000000000005 m 261 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 261.20000000000005 m 265 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 261.20000000000005 m 315 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 261.20000000000005 m 319 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 261.20000000000005 m 370 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 261.20000000000005 m 374 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 261.20000000000005 m 420 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 261.20000000000005 m 424 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 261.20000000000005 m 479 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 261.20000000000005 m 483 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 261.20000000000005 m 526 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 261.20000000000005 m 530 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 261.20000000000005 m 580 261.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 223.20000000000005 m 153 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 223.20000000000005 m 206 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 223.20000000000005 m 261 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 223.20000000000005 m 315 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 223.20000000000005 m 370 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 223.20000000000005 m 420 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 223.20000000000005 m 479 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 223.20000000000005 m 526 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 223.20000000000005 m 580 223.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 150.20000000000005 m 153 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 150.20000000000005 m 206 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 150.20000000000005 m 261 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 150.20000000000005 m 315 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 150.20000000000005 m 370 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 150.20000000000005 m 420 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 150.20000000000005 m 479 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 150.20000000000005 m 526 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 150.20000000000005 m 153 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 139.20000000000005 m 153 139.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 137.20000000000005 m 153 137.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 150.20000000000005 m 206 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 139.20000000000005 m 206 139.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 137.20000000000005 m 206 137.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 150.20000000000005 m 261 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 139.20000000000005 m 261 139.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 137.20000000000005 m 261 137.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 150.20000000000005 m 315 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 139.20000000000005 m 315 139.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 137.20000000000005 m 315 137.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 150.20000000000005 m 370 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 139.20000000000005 m 370 139.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 137.20000000000005 m 370 137.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 150.20000000000005 m 420 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 139.20000000000005 m 420 139.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 137.20000000000005 m 420 137.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 150.20000000000005 m 479 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 139.20000000000005 m 479 139.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 137.20000000000005 m 479 137.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 150.20000000000005 m 526 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 139.20000000000005 m 526 139.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 137.20000000000005 m 526 137.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 150.20000000000005 m 580 150.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 139.20000000000005 m 580 139.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 137.20000000000005 m 580 137.20000000000005 l s BT /F1 7.50 Tf ET q 0 0 0 rg BT 69.00 265.35 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 314.00 265.35 Td (December 31, 2016) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 33.50 227.35 Td () Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 110.60 227.35 Td (Multi-family) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 162.45 242.35 Td (Commercial) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 175.55 234.85 Td (and) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 166.60 227.35 Td (Industrial) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 216.45 249.85 Td (Commercial) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 218.00 242.35 Td (Real Estate ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 224.75 234.85 Td (Owner ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 220.60 227.35 Td (Occupied) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 270.95 249.85 Td (Commercial) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 272.50 242.35 Td (Real Estate ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 271.55 234.85 Td (Non-Owner ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 275.10 227.35 Td (Occupied) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 324.60 227.35 Td (Construction) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 379.60 234.85 Td (Residential) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 379.50 227.35 Td (RealEstate) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 429.95 234.85 Td (Manufactured) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 438.25 227.35 Td (Housing) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 495.45 234.85 Td (Other) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 488.55 227.35 Td (Consumer) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 546.80 227.35 Td (T) Tj ET Q q 0 0 0 rg BT 550.86 227.35 Td (otal) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 33.50 214.35 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 201.81 Td (Pass/Satisfactory) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 110.50 201.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 115.60 201.81 Td (3,198,290) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 159.50 201.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 175.00 201.81 Td (954,846) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 212.50 201.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 230.00 201.81 Td (375,919) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 267.50 201.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 277.60 201.81 Td (1,175,850) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 321.50 201.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 343.25 201.81 Td (50,291) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 376.50 201.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 408.15 201.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 426.50 201.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 467.15 201.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 485.50 201.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 514.15 201.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 532.50 201.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 542.60 201.81 Td (5,755,196) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 189.81 Td (Special Mention) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 141.15 189.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 179.25 189.81 Td (19,552) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 234.25 189.81 Td (12,065) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 288.25 189.81 Td (10,824) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 343.25 189.81 Td (14,498) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 408.15 189.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 467.15 189.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 514.15 189.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 553.25 189.81 Td (56,939) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 177.81 Td (Substandard) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 126.25 177.81 Td (16,709) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 179.25 177.81 Td (14,313) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 238.50 177.81 Td (5,648) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 292.50 177.81 Td (7,041) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 358.15 177.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 408.15 177.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 467.15 177.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 514.15 177.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 553.25 177.81 Td (43,71) Tj ET Q q 0 0 0 rg BT 572.38 177.81 Td (1) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 165.81 Td (Performing \(1\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 141.15 165.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 194.15 165.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 249.15 165.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 303.15 165.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 358.15 165.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 389.00 165.81 Td (189,919) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 452.25 165.81 Td (92,920) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 503.50 165.81 Td (3,413) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 549.00 165.81 Td (286,252) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 153.81 Td (Non-performing \(2\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 141.15 153.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 194.15 153.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 249.15 153.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 303.15 153.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 358.15 153.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 397.50 153.81 Td (3,583) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 456.50 153.81 Td (8,810) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 514.15 153.81 Td (70) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 553.25 153.81 Td (12,463) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 141.81 Td (T) Tj ET Q q 0 0 0 rg BT 38.10 141.81 Td (otal) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 110.50 141.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 115.60 141.81 Td (3,214,999) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 159.50 141.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 175.00 141.81 Td (988,71) Tj ET Q q 0 0 0 rg BT 198.38 141.81 Td (1) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 212.50 141.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 230.00 141.81 Td (393,632) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 267.50 141.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 277.60 141.81 Td (1,193,715) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 321.50 141.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 343.25 141.81 Td (64,789) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 376.50 141.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 389.00 141.81 Td (193,502) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 426.50 141.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 448.00 141.81 Td (101,730) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 485.50 141.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 503.50 141.81 Td (3,483) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 532.50 141.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 542.60 141.81 Td (6,154,561) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 112.30 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 112.30 Td (Includes consumer and other installment loans not subject to risk ratings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 100.30 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 100.30 Td (Includes loans that are past due and still accruing interest and loans on non-accrual status.) Tj ET Q endstream endobj 287 0 obj <> endobj 288 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (142) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 31.50 742.10 Td (Loan Pur) Tj ET Q q 0 0 0 rg BT 69.19 742.10 Td (chases and Sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 722.10 Td (During the year ended December 31, 2017, Customers purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.03 722.10 Td ($174.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.92 722.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.36 722.10 Td ($90.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.25 722.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.58 722.10 Td (thirty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.25 722.10 Td (-year fixed-rate residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 710.10 Td (mortgages with a purchase price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.22 710.10 Td (98.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.05 710.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.49 710.10 Td (101.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.32 710.10 Td ( of loans outstanding, respectively) Tj ET Q q 0 0 0 rg BT 386.59 710.10 Td (. ) Tj ET Q q 0 0 0 rg BT 391.41 710.10 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 710.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 710.10 Td ( loan purchases during the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 698.10 Td (ended December 31, 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 678.10 Td (During the year ended December 31, 2017, Customers sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.16 678.10 Td ($226.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.05 678.10 Td ( of multi-family loans resulting in a gain on sale of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.85 678.10 Td ($0.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 666.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.39 666.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.39 666.10 Td ($191.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.28 666.10 Td ( of consumer residential loans resulting in a gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.01 666.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.90 666.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.90 666.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.34 666.10 Td ( commercial and industrial loan of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.29 666.10 Td ($3.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 654.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.39 654.10 Td ( resulting in a gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.15 654.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.04 654.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.48 654.10 Td ($35.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.37 654.10 Td ( of Small Business ) Tj ET Q q 0 0 0 rg BT 347.05 654.10 Td (Administration \("SBA"\) loans resulting in a gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.74 654.10 Td ($3.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 642.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.39 642.10 Td (. During the year ended December 31, 2016, Customers sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.55 642.10 Td ($33.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.45 642.10 Td ( of SBA) Tj ET Q q 0 0 0 rg BT 393.68 642.10 Td ( loans resulting in a gain of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.04 642.10 Td ($3.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.94 642.10 Td ( and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 630.10 Td ($5.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.39 630.10 Td ( commercial loan resulting in a loss of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.91 630.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.80 630.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 610.10 Td (None of the purchases and sales for the years ended December 31, 2017 and 2016, materially af) Tj ET Q q 0 0 0 rg BT 414.51 610.10 Td (fected the credit profile of Customers) Tj ET Q q 0 0 0 rg BT 566.77 610.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 598.10 Td (related loan portfolio. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 31.50 578.10 Td (Loans Pledged as Collateral) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 554.10 Td (At December 31, 2017 and 2016, Customers pledged eligible real estate loans of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.13 554.10 Td ($5.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.25 554.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.69 554.10 Td ($4.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 554.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 520.46 554.10 Td (, as collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 542.10 Td (for potential borrowings from the Federal Home Loan Bank of Pittsbur) Tj ET Q q 0 0 0 rg BT 315.70 542.10 Td (gh \("FHLB"\) and Federal Reserve Bank of Philadelphia \("FRB"\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 512.10 Td (NOTE10 BANK PREMISES ) Tj ET Q q 0 0 0 rg BT 185.30 512.10 Td (AND EQUIPMENT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.10 Td (The components of bank premises and equipment as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 494.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.58 494.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.02 494.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.02 494.10 Td (, were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 447.60 296.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 447.60 78.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 447.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 447.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 447.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 447.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 421.60 296.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 421.60 78.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 421.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 421.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 421.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 421.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 395.60 374.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 395.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 395.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 395.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 395.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 369.60 374.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 369.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 369.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 369.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 369.60 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 470.6 m 493.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 470.6 m 497.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 470.6 m 562.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 457.6 m 424.5 457.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 457.6 m 493.5 457.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 457.6 m 562.5 457.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 457.6 m 424.5 457.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 395.6 m 493.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 395.6 m 562.5 395.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 369.6 m 493.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 369.6 m 562.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 357.6 m 493.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 355.6 m 493.5 355.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 357.6 m 562.5 357.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 355.6 m 562.5 355.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 474.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.00 474.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.55 474.85 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 461.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.75 461.85 Td (ExpectedUsefulLife) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 461.85 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 461.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 449.60 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 438.17 Td (Leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 438.17 Td (3 to 25 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 438.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 438.17 Td (14,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 438.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 438.17 Td (13,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 425.17 Td (Furniture, fixtures and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 425.17 Td (5 to 10 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 425.17 Td (6,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 425.17 Td (6,138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 412.17 Td (IT) Tj ET Q q 0 0 0 rg BT 62.35 412.17 Td ( equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.80 412.17 Td (3 to 5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 412.17 Td (8,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 412.17 Td (7,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 399.17 Td (Automobiles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.80 399.17 Td (3 to 5 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 399.17 Td (506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 399.17 Td (506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 386.17 Td (28,983) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 386.17 Td (27,440) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 373.17 Td (Accumulated depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 373.22 Td (\(17,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 373.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 373.22 Td (\(14,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 373.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 360.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 360.17 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 360.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 360.17 Td (1) Tj ET Q q 0 0 0 rg BT 467.15 360.17 Td (1,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 360.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 360.17 Td (12,769) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.10 Td (Depreciation expense and amortization of leasehold improvements, which are included on the consolidated statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (income in occupancy expenses, were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.49 321.10 Td ($2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.38 321.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.38 321.10 Td ($2.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.28 321.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.71 321.10 Td ($2.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.61 321.10 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.96 321.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.54 321.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.54 321.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.54 321.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 309.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 309.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 139.60 309.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.10 Td (Future minimum rental commitments pursuant to non-cancelable leases as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.47 285.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.06 285.10 Td (, were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 251.60 425.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 251.60 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 225.60 425.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 225.60 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 199.60 425.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 199.60 83.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 173.60 425.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 173.60 83.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 261.6 m 558.5 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 261.6 m 558.5 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 173.60000000000002 m 558.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 161.60000000000002 m 558.5 161.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 159.60000000000002 m 558.5 159.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 265.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.05 265.85 Td (December 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 253.60 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 242.17 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 242.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 242.17 Td (5,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 229.17 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 229.17 Td (4,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 216.17 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 216.17 Td (4,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 203.17 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 203.17 Td (3,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 190.17 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 190.17 Td (2,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 177.17 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 177.17 Td (6,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 164.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 164.17 Td (otal minimum payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 164.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 164.17 Td (27,557) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (Rent expense was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.40 137.10 Td ($5.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.30 137.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.30 137.10 Td ($4.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.19 137.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.63 137.10 Td ($3.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.52 137.10 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.87 137.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.45 137.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.45 137.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.45 137.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 125.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 122.66 125.10 Td (. ) Tj ET Q q 0 0 0 rg BT 129.61 125.10 Td (A) Tj ET Q q 0 0 0 rg BT 136.28 125.10 Td ( majority of the leases provide for the payment of taxes, maintenance, insurance and certain other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (expenses applicable to the leased premises. Many of the leases contain extension provisions and escalation clauses. ) Tj ET Q q 0 0 0 rg BT 518.01 113.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.10 Td (leases are generally renewable and may) Tj ET Q q 0 0 0 rg BT 207.88 101.10 Td (, in certain cases, contain renewal provisions and options to expand and contract space ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.10 Td (and terminate the leases at predetermined contractual dates. In addition, escalation clauses may exist, which are tied to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.10 Td (predetermined rate or may change based on a specified percentage increase or the Consumer Price Index.) Tj ET Q endstream endobj 289 0 obj <> endobj 290 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (143) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE1) Tj ET Q q 0 0 0 rg BT 85.29 742.25 Td (1 DEPOSITS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (The components of deposits at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.70 724.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.28 724.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.72 724.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.72 724.25 Td (, were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 677.75 377.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 677.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 677.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 677.75 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 649.75 377.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 649.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 649.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 649.75 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 621.75 377.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.50 621.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 621.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 621.75 66.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 701.75 m 492.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 701.75 m 496.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 701.75 m 562.5 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 689.75 m 492.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 689.75 m 562.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 689.75 m 492.5 689.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 607.75 m 492.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 607.75 m 562.5 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 594.75 m 492.5 594.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 592.75 m 492.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 594.75 m 562.5 594.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 592.75 m 562.5 592.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.05 705.70 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.50 693.70 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.00 693.70 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 681.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 668.32 Td (Demand, non-interest bearing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 668.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 668.32 Td (1,052,1) Tj ET Q q 0 0 0 rg BT 478.65 668.32 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 668.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 668.32 Td (966,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 654.32 Td (Demand, interest bearing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 654.32 Td (523,848) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 654.32 Td (339,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 640.32 Td (Savings, including money market deposit accounts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 640.32 Td (3,318,486) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 640.32 Td (3,166,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 626.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.93 626.32 Td (ime, $100,000 and over) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 626.32 Td (1,284,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 626.32 Td (2,106,905) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 612.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.93 612.32 Td (ime, other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 612.32 Td (620,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 612.32 Td (724,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 598.32 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 598.32 Td (otal deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 598.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 598.32 Td (6,800,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 598.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 598.32 Td (7,303,775) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 570.25 Td (Included in December 31, 2016 deposits balances above are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.13 570.25 Td ($453.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.03 570.25 Td ( of demand, non-interest bearing deposits and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.98 570.25 Td ($3.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 558.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 558.25 Td ( of savings deposits that were previously classified as held for sale at December 31, 2016 and have been reclassified to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 546.25 Td (held and used to conform with the current period presentation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 519.85 Td (The scheduled maturities for time deposits at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.45 519.85 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.04 519.85 Td (, were as follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 381.57 519.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 474.35 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 474.35 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 446.35 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 446.35 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 418.35 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 418.35 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 390.35 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 390.35 76.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 486.35 m 562.5 486.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 390.35 m 562.5 390.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 377.35 m 562.5 377.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 375.35 m 562.5 375.35 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 490.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.55 490.60 Td (December 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 478.30 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 464.92 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 464.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 464.92 Td (1,453,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 450.92 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 450.92 Td (279,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.92 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 436.92 Td (61,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 422.92 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 422.92 Td (89,939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 408.92 Td (2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 408.92 Td (21,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 394.92 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 394.92 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 380.92 Td (T) Tj ET Q q 0 0 0 rg BT 76.41 380.92 Td (otal time deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 380.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 380.92 Td (1,905,693) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.85 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 352.85 Td (ime deposits greater than $250,000 totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.21 352.85 Td ($0.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.33 352.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.76 352.85 Td ($1.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.88 352.85 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.09 352.85 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.68 352.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.12 352.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.12 352.85 Td (, respectively) Tj ET Q q 0 0 0 rg BT 522.78 352.85 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.85 Td (Included ) Tj ET Q q 0 0 0 rg BT 86.49 328.85 Td (in ) Tj ET Q q 0 0 0 rg BT 95.78 328.85 Td (the ) Tj ET Q q 0 0 0 rg BT 109.50 328.85 Td (savings ) Tj ET Q q 0 0 0 rg BT 141.01 328.85 Td (balances ) Tj ET Q q 0 0 0 rg BT 176.94 328.85 Td (above ) Tj ET Q q 0 0 0 rg BT 202.33 328.85 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.26 328.85 Td ($654.8 ) Tj ET Q q 0 0 0 rg BT 252.27 328.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.16 328.85 Td ( ) Tj ET Q q 0 0 0 rg BT 282.67 328.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.62 328.85 Td ($972.2 ) Tj ET Q q 0 0 0 rg BT 327.63 328.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.52 328.85 Td ( ) Tj ET Q q 0 0 0 rg BT 358.03 328.85 Td (of ) Tj ET Q q 0 0 0 rg BT 367.86 328.85 Td (brokered ) Tj ET Q q 0 0 0 rg BT 404.91 328.85 Td (money ) Tj ET Q q 0 0 0 rg BT 433.63 328.85 Td (market ) Tj ET Q q 0 0 0 rg BT 462.90 328.85 Td (deposits ) Tj ET Q q 0 0 0 rg BT 497.19 328.85 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.92 328.85 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.85 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 316.85 Td ( ) Tj ET Q q 0 0 0 rg BT 72.88 316.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.21 316.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.21 316.85 Td (, ) Tj ET Q q 0 0 0 rg BT 115.59 316.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 163.25 316.85 Td (. ) Tj ET Q q 0 0 0 rg BT 168.64 316.85 Td ( ) Tj ET Q q 0 0 0 rg BT 170.89 316.85 Td (Also ) Tj ET Q q 0 0 0 rg BT 192.66 316.85 Td (included ) Tj ET Q q 0 0 0 rg BT 229.98 316.85 Td (in ) Tj ET Q q 0 0 0 rg BT 240.64 316.85 Td (time, ) Tj ET Q q 0 0 0 rg BT 263.80 316.85 Td (other ) Tj ET Q q 0 0 0 rg BT 287.23 316.85 Td (balances ) Tj ET Q q 0 0 0 rg BT 324.54 316.85 Td (above ) Tj ET Q q 0 0 0 rg BT 351.30 316.85 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.62 316.85 Td ($504.3 ) Tj ET Q q 0 0 0 rg BT 404.00 316.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.89 316.85 Td ( ) Tj ET Q q 0 0 0 rg BT 435.78 316.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.10 316.85 Td ($721.9 ) Tj ET Q q 0 0 0 rg BT 483.49 316.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.38 316.85 Td ( ) Tj ET Q q 0 0 0 rg BT 515.26 316.85 Td (of ) Tj ET Q q 0 0 0 rg BT 526.48 316.85 Td (brokered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.85 Td (time ) Tj ET Q q 0 0 0 rg BT 70.27 304.85 Td (deposits, ) Tj ET Q q 0 0 0 rg BT 108.05 304.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 155.71 304.85 Td (, ) Tj ET Q q 0 0 0 rg BT 160.71 304.85 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.43 304.85 Td (December31, ) Tj ET Q q 0 0 0 rg BT 229.01 304.85 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.01 304.85 Td ( ) Tj ET Q q 0 0 0 rg BT 251.51 304.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.45 304.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.45 304.85 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.85 Td (Demand deposit overdrafts reclassified as loans were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.20 280.85 Td ($2.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.09 280.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.53 280.85 Td ($12.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.42 280.85 Td ( at December 31, 2017 and 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.85 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 268.85 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 232.85 Td (NOTE12 BORROWINGS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 214.85 Td (Short-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.85 Td (Short-term debt at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.26 196.85 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.84 196.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.28 196.85 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.28 196.85 Td (, was as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 126.35 242.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 126.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 126.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 126.35 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 126.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 126.35 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 126.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 126.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 98.35 242.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 98.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 98.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 98.35 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 98.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 98.35 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 98.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 98.35 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 162.35000000000002 m 357.5 162.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 162.35000000000002 m 361.5 162.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 162.35000000000002 m 425.5 162.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 162.35000000000002 m 429.5 162.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 162.35000000000002 m 493.5 162.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 162.35000000000002 m 497.5 162.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 162.35000000000002 m 562.5 162.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 150.35000000000002 m 357.5 150.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 150.35000000000002 m 361.5 150.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 150.35000000000002 m 425.5 150.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 150.35000000000002 m 493.5 150.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 150.35000000000002 m 497.5 150.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 150.35000000000002 m 562.5 150.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 138.35000000000002 m 357.5 138.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 138.35000000000002 m 425.5 138.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 138.35000000000002 m 493.5 138.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 138.35000000000002 m 562.5 138.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 98.35000000000002 m 357.5 98.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 98.35000000000002 m 493.5 98.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 85.35000000000002 m 357.5 85.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 83.35000000000002 m 357.5 83.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 85.35000000000002 m 493.5 85.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 83.35000000000002 m 493.5 83.35000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 166.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.55 166.30 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 154.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.50 154.30 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.50 154.30 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 142.30 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.35 142.30 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.65 142.30 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.85 142.30 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.15 142.30 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 130.30 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 116.92 Td (FHLB advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.00 116.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 116.92 Td (1,61) Tj ET Q q 0 0 0 rg BT 331.15 116.92 Td (1,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 116.92 Td (1.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 116.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 116.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 116.92 Td (688,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 116.92 Td (0.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 116.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 102.92 Td (Federal funds purchased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.15 102.92 Td (155,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 102.92 Td (1.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 102.92 Td (83,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 102.92 Td (0.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 88.92 Td (T) Tj ET Q q 0 0 0 rg BT 76.41 88.92 Td (otal short-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.00 88.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.65 88.92 Td (1,766,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 88.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 88.92 Td (771,800) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 291 0 obj <> endobj 292 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The following is a summary of additional information relating to Customers' short-term debt:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 695.60 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 695.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 695.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 695.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 695.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 695.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 667.60 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 667.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 667.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 667.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 667.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 667.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 639.60 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 639.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 639.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 639.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 639.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 639.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 611.60 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 611.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 611.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 611.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 611.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 611.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 719.6 m 424.5 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 719.6 m 428.5 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 719.6 m 493.5 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 719.6 m 497.5 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 719.6 m 562.5 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 707.6 m 424.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 707.6 m 493.5 707.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 707.6 m 562.5 707.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 723.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.05 723.55 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 711.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 711.55 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 711.55 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 711.55 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 699.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 686.17 Td (FHLB advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 672.17 Td (Maximum outstanding at any month end) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 672.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 672.17 Td (2,283,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 672.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 672.17 Td (1,697,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 672.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 672.17 Td (1,365,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 658.17 Td (A) Tj ET Q q 0 0 0 rg BT 77.85 658.17 Td (verage balance during the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.60 658.17 Td (1,415,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 658.17 Td (965,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 658.17 Td (844,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 644.17 Td (W) Tj ET Q q 0 0 0 rg BT 80.04 644.17 Td (eighted-average interest rate during the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 644.17 Td (1.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 644.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 644.17 Td (0.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 644.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 644.17 Td (0.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 644.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 630.17 Td (Federal funds purchased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 616.17 Td (Maximum outstanding at any month end) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 616.17 Td (238,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 616.17 Td (137,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 616.17 Td (85,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 602.17 Td (A) Tj ET Q q 0 0 0 rg BT 77.85 602.17 Td (verage balance during the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.15 602.17 Td (163,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 602.17 Td (84,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 602.17 Td (41,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 588.17 Td (W) Tj ET Q q 0 0 0 rg BT 79.64 588.17 Td (eighted-average interest rate during the year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 588.17 Td (1.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 588.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 588.17 Td (0.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 588.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 588.17 Td (0.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 588.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 560.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 560.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.52 560.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.52 560.10 Td (, the Bank had aggregate availability under federal funds lines totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.32 560.10 Td ($310.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.21 560.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 548.10 Td ($237.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 548.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 161.55 548.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 524.10 Td (Long-term debt) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 500.10 Td (FHLB advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.10 Td (At December 31, 2016, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.30 476.10 Td ($180.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.19 476.10 Td ( of long-term FHLB advances at an average rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.22 476.10 Td (1.32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.05 476.10 Td ( that mature in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.10 Td (2018, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.77 464.10 Td ($170.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.66 464.10 Td ( are fixed rate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.10 Td (Customers had a total maximum borrowing capacity with the Federal Home Loan Bank of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.36 438.10 Td ($4.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.47 438.10 Td ( and with the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.10 Td (Reserve Bank of Philadelphia of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.47 426.10 Td ($142.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.36 426.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.57 426.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.16 426.10 Td (. Customers had a total borrowing capacity with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (Federal Home Loan Bank of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.91 414.10 Td ($4.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.02 414.10 Td ( and with the Federal Reserve Bank of Philadelphia of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.41 414.10 Td ($158.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.30 414.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.52 414.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 402.10 Td (. ) Tj ET Q q 0 0 0 rg BT 76.95 402.10 Td (Amounts can be borrowed as short-term or long-term. ) Tj ET Q q 0 0 0 rg BT 297.45 402.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.89 402.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.48 402.10 Td ( and 2016, advances under these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.10 Td (arrangements were secured by certain assets, which included qualifying loans of Customers Bank of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.49 390.10 Td ($5.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.60 390.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.04 390.10 Td ($4.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 378.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 128.77 378.10 Td (. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 354.10 Td (Senior notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.10 Td (In June 2017, Customers Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.82 330.10 Td ($100 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.21 330.10 Td ( of senior notes at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.80 330.10 Td (99.775%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.63 330.10 Td ( of face value. ) Tj ET Q q 0 0 0 rg BT 438.08 330.10 Td (The price to purchasers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.10 Td (represents a yield-to-maturity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.62 318.10 Td (4.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.45 318.10 Td ( on the fixed coupon rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.47 318.10 Td (3.95%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.30 318.10 Td (. ) Tj ET Q q 0 0 0 rg BT 348.62 318.10 Td (The senior notes mature in June 2022. ) Tj ET Q q 0 0 0 rg BT 505.90 318.10 Td (The net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.10 Td (proceeds to Customers after deducting the underwriting discount and of) Tj ET Q q 0 0 0 rg BT 336.69 306.10 Td (fering expenses were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.59 306.10 Td ($98.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.49 306.10 Td (. ) Tj ET Q q 0 0 0 rg BT 484.80 306.10 Td (The net proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.10 Td (were contributed to Customers Bank for purposes of its working capital needs and the funding of its or) Tj ET Q q 0 0 0 rg BT 460.57 294.10 Td (ganic growth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (On June 26, 2014, the Bancorp closed a private placement transaction in which it issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.63 272.10 Td ($25.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.52 272.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.85 272.10 Td (4.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.68 272.10 Td ( senior notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (that will mature in June 2019. Interest is paid semi-annually in arrears in June and December) Tj ET Q q 0 0 0 rg BT 423.50 260.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (In July and ) Tj ET Q q 0 0 0 rg BT 96.39 238.10 Td (August 2013, the Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.37 238.10 Td ($63.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.26 238.10 Td ( in aggregate principal amount of senior notes that will mature in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (July 2018. ) Tj ET Q q 0 0 0 rg BT 96.49 226.10 Td (The notes bear interest at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.50 226.10 Td (6.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.33 226.10 Td (per year which is payable on March15,June15,September15 and December15. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (The notes are unsecured obligations of the Bancorp and rank equally with all of its secured and unsecured senior indebtedness.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 192.10 Td (Subor) Tj ET Q q 0 0 0 rg BT 73.52 192.10 Td (dinated debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.10 Td (On June 26, 2014, the Bank closed a private-placement transaction in which it issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.69 170.10 Td ($1) Tj ET Q q 0 0 0 rg BT 402.32 170.10 Td (10.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.21 170.10 Td ( of fixed-to-floating rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (subordinated notes due in 2029. ) Tj ET Q q 0 0 0 rg BT 182.30 158.10 Td (The subordinated notes bear interest at an annual fixed rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.92 158.10 Td (6.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.75 158.10 Td ( until June 26, 2024, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (interest is paid semiannually) Tj ET Q q 0 0 0 rg BT 163.49 146.10 Td (. From June 26, 2024, the subordinated notes will bear an annual interest rate equal to three-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (LIBOR plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.67 134.10 Td (344.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.17 134.10 Td ( basis points until maturity on June 26, 2029. ) Tj ET Q q 0 0 0 rg BT 308.98 134.10 Td (The Bank has the ability to call the subordinated notes, in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (whole or in part, at a redemption price equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.21 122.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 122.10 Td ( of the principal balance at certain times on or after June 26, 2024. ) Tj ET Q q 0 0 0 rg BT 533.54 122.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (subordinated notes qualify as ) Tj ET Q q 0 0 0 rg BT 169.24 110.10 Td (T) Tj ET Q q 0 0 0 rg BT 175.00 110.10 Td (ier 2 capital for regulatory capital purposes.) Tj ET Q endstream endobj 293 0 obj <> endobj 294 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (145) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE13 SHAREHOLDERS) Tj ET Q q 0 0 0 rg BT 186.78 742.25 Td ( EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 688.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 688.25 Td (, Customers Bancorp did not issue any shares of its common stock pursuant to public of) Tj ET Q q 0 0 0 rg BT 451.71 688.25 Td (ferings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (During 2016, Customers Bancorp issued shares of its common stock pursuant to the following public of) Tj ET Q q 0 0 0 rg BT 465.32 664.25 Td (ferings:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (On November 9, 2016, Customers Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.58 640.25 Td (2,415,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.58 640.25 Td ( shares of common stock at a price to the public of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.97 640.25 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.47 640.25 Td ( per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (share as part of an underwritten public of) Tj ET Q q 0 0 0 rg BT 214.48 628.25 Td (fering. Customers received proceeds of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.37 628.25 Td ($58.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.26 628.25 Td ( from the of) Tj ET Q q 0 0 0 rg BT 477.56 628.25 Td (fering, after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (deducting of) Tj ET Q q 0 0 0 rg BT 100.08 616.25 Td (fering costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 592.25 Td (August 1) Tj ET Q q 0 0 0 rg BT 100.19 592.25 Td (1, 2016, Customers Bancorp entered into an ) Tj ET Q q 0 0 0 rg BT 278.21 592.25 Td (At Market Issuance Sales ) Tj ET Q q 0 0 0 rg BT 382.08 592.25 Td (Agreement \("the Sales ) Tj ET Q q 0 0 0 rg BT 474.18 592.25 Td (Agreement"\) with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (FBR Capital Markets & Co., Keefe, Bruyette & ) Tj ET Q q 0 0 0 rg BT 243.40 580.25 Td (W) Tj ET Q q 0 0 0 rg BT 252.04 580.25 Td (oods, Inc. and Maxim Group LLC. Customers Bancorp has authorized the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (sale, at its discretion, of shares of its common stock, in an aggregate of) Tj ET Q q 0 0 0 rg BT 333.08 568.25 Td (fering amount up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.73 568.25 Td ($50 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.12 568.25 Td ( under the Sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (Agreement. Customers issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.70 556.25 Td (219,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.20 556.25 Td ( shares in connection with this Sales ) Tj ET Q q 0 0 0 rg BT 354.13 556.25 Td (Agreement during 2016 receiving proceeds of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.73 556.25 Td ($5.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 544.25 Td (, net of of) Tj ET Q q 0 0 0 rg BT 117.59 544.25 Td (fering costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (The net proceeds from the common stock of) Tj ET Q q 0 0 0 rg BT 226.71 520.25 Td (ferings was used for general corporate purposes, which included working capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (and the funding of or) Tj ET Q q 0 0 0 rg BT 134.24 508.25 Td (ganic growth at Customers Bank. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (In November 2013, Customers Bancorp announced that its Board of Directors had authorized a stock repurchase plan in which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (it could acquire up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.48 472.25 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.81 472.25 Td ( of its current outstanding shares at prices not to exceed a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.40 472.25 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.73 472.25 Td ( premium over the current book value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (The repurchase program may be suspended, modified or discontinued at any time, and the Bancorp has no obligation to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (repurchase any amount of its common stock under the program. ) Tj ET Q q 0 0 0 rg BT 310.30 448.25 Td (There was no stock repurchased during 2017, 2016 or 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 424.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 424.25 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.50 424.25 Td (35,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.00 424.25 Td ( warrants outstanding to purchase shares of Customers Bancorp) Tj ET Q q 0 0 0 rg BT 475.16 424.25 Td (s common stock at a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.32 412.25 Td ($21.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.82 412.25 Td ( per share. ) Tj ET Q q 0 0 0 rg BT 156.63 412.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.13 412.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.71 412.25 Td (, there were warrants outstanding to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.54 412.25 Td (184,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.04 412.25 Td ( shares of Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (Bancorp) Tj ET Q q 0 0 0 rg BT 86.66 400.25 Td (s common stock. ) Tj ET Q q 0 0 0 rg BT 158.97 400.25 Td (The purchase prices at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.15 400.25 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.73 400.25 Td (, ranged from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.38 400.25 Td ($9.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.88 400.25 Td ( per share to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.52 400.25 Td ($73.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.02 400.25 Td ( per share, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (warrants at the latter purchase price having expired on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.63 388.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.21 388.25 Td (.) Tj ET Q endstream endobj 295 0 obj <> endobj 296 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (146) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 742.25 Td (eferr) Tj ET Q q 0 0 0 rg BT 81.27 742.25 Td (ed Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Customers Bancorp currently has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.08 718.25 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.74 718.25 Td ( series of preferred stock outstanding. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (During 2017, Customers Bancorp did not issue any preferred stock. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (Preferred stock issued during 2016 included the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (On September 16, 2016, Customers Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.14 646.25 Td (3,400,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.14 646.25 Td ( shares of Fixed-to-Floating Rate Non-Cumulative Perpetual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Preferred Stock, Series F) Tj ET Q q 0 0 0 rg BT 149.17 634.25 Td (, \(the Series F Preferred Stock\) par value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.83 634.25 Td ($1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.33 634.25 Td ( per share, at a price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.17 634.25 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.67 634.25 Td ( per share in a public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 622.25 Td (fering. Dividends on the Series F Preferred Stock accrue and are payable quarterly in arrears, at a fixed rate per annum equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 610.25 Td (6.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.11 610.25 Td ( from the original issue date to, but excluding, December 15, 2021, and thereafter at a floating rate per annum equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (three-month LIBOR on the related dividend determination date plus a spread of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.02 598.25 Td (4.762%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.85 598.25 Td ( per annum. Customers received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (proceeds of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.87 586.25 Td ($82.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.76 586.25 Td ( from the of) Tj ET Q q 0 0 0 rg BT 200.06 586.25 Td (fering, after deducting of) Tj ET Q q 0 0 0 rg BT 299.84 586.25 Td (fering costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 562.25 Td (April 28, 2016, Customers Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.93 562.25 Td (2,300,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.93 562.25 Td ( shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (Stock, Series E, \(the Series E Preferred Stock\) par value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.03 550.25 Td ($1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.53 550.25 Td ( per share, at a price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.36 550.25 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.86 550.25 Td ( per share in a public of) Tj ET Q q 0 0 0 rg BT 524.09 550.25 Td (fering. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (Dividends on the Series E Preferred Stock accrue and are payable quarterly in arrears, at a fixed rate per annum equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.85 538.25 Td (6.45%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.68 538.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (from the original issue date to, but excluding, June 15, 2021, and thereafter at a floating rate per annum equal to three-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (LIBOR on the related dividend determination date plus a spread of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.64 514.25 Td (5.14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.47 514.25 Td ( per annum. Customers received proceeds of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.47 514.25 Td ($55.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 502.25 Td ( from the of) Tj ET Q q 0 0 0 rg BT 126.20 502.25 Td (fering, after deducting of) Tj ET Q q 0 0 0 rg BT 225.97 502.25 Td (fering costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (On January 29, 2016, Customers Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.48 478.25 Td (1,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.48 478.25 Td ( shares of Fixed-to-Floating Rate Non-Cumulative Perpetual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (Preferred Stock, Series D, \(the "Series D Preferred Stock"\) par value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.24 466.25 Td ($1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.74 466.25 Td ( per share, at a price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.57 466.25 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.07 466.25 Td ( per share in a public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 454.25 Td (fering. Dividends on the Series D Preferred Stock accrue and are payable quarterly in arrears, at a fixed rate per annum equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 442.25 Td (6.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.11 442.25 Td ( from the original issue date to, but excluding, March 15, 2021, and thereafter at a floating rate per annum equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (three-month LIBOR on the related dividend determination date plus a spread of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.02 430.25 Td (5.09%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.85 430.25 Td ( per annum. Customers received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (proceeds of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.87 418.25 Td ($24.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.76 418.25 Td ( from the of) Tj ET Q q 0 0 0 rg BT 200.06 418.25 Td (fering, after deducting of) Tj ET Q q 0 0 0 rg BT 299.84 418.25 Td (fering costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (Preferred stock issued during 2015 included the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (On May 18, 2015, Customers Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.71 370.25 Td (2,300,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.71 370.25 Td ( shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (Stock, Series C, \(the "Series C Preferred Stock"\) par value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.44 358.25 Td ($1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.94 358.25 Td ( per share, at a price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.77 358.25 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.27 358.25 Td ( per share in a public of) Tj ET Q q 0 0 0 rg BT 524.50 358.25 Td (fering. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (Dividends on the Series C Preferred Stock accrue and are payable quarterly in arrears, at a fixed rate per annum equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.41 346.25 Td (7.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.24 346.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (from the original issue date to, but excluding, June 15, 2020, and thereafter at a floating rate per annum equal to three-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (LIBOR on the related dividend determination date plus a spread of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.64 322.25 Td (5.30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.47 322.25 Td ( per annum. Customers received proceeds of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.47 322.25 Td ($55.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 310.25 Td ( from the of) Tj ET Q q 0 0 0 rg BT 126.20 310.25 Td (fering, after deducting of) Tj ET Q q 0 0 0 rg BT 225.97 310.25 Td (fering costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (The net proceeds from the preferred stock of) Tj ET Q q 0 0 0 rg BT 228.35 286.25 Td (ferings were used for general corporate purposes, which included working capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (and the funding of or) Tj ET Q q 0 0 0 rg BT 134.24 274.25 Td (ganic growth at Customers Bank. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (Dividends on the Series C, Series D, Series E and Series F Preferred Stock are not cumulative. If Customers Bancorp's board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (of directors or a duly authorized committee of the board does not declare a dividend on the Series C, Series D, Series E and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (Series F Preferred Stock in respect of a dividend period, then no dividend shall be deemed to have accrued for such dividend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (period, be payable on the applicable dividend payment date, or be cumulative, and Customers Bancorp will have no obligation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (to pay any dividend for that dividend period, whether or not the board of directors or a duly authorized committee of the board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (declares a dividend on the Series C, Series D, Series E, and Series F Preferred Stock for any future dividend period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (The Series C, Series D, Series E and Series F Preferred Stock have no stated maturity) Tj ET Q q 0 0 0 rg BT 391.21 166.25 Td (, are not subject to any mandatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (redemption, sinking fund or other similar provisions and will remain outstanding unless redeemed at Customers Bancorp's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (option. Customers Bancorp may redeem the Series C, Series D, Series E and Series F Preferred Stock at its option, at a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (redemption price equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 130.25 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.46 130.25 Td ( per share, plus any declared and unpaid dividends \(without regard to any undeclared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (dividends\), \(i\) in whole or in part, from time to time, on any dividend payment date on or after June 15, 2020, for the Series C ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (Preferred Stock, March 15, 2021, for the Series D Preferred Stock, June 15, 2021, for the Series E Preferred Stock and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (December 15, 2021, for the Series F Preferred Stock and or \(ii\) in whole but not in part, within 90 days following the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (occurrence of a regulatory capital treatment event. ) Tj ET Q q 0 0 0 rg BT 255.73 82.25 Td (Any redemption of the Series C, Series D, Series E and Series F Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (Stock is subject to prior approval of the Board of Governors of the Federal Reserve System. ) Tj ET Q q 0 0 0 rg BT 422.51 70.25 Td (The Series C, Series D, Series E ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (and Series F Preferred Stock qualify as ) Tj ET Q q 0 0 0 rg BT 208.39 58.25 Td (T) Tj ET Q q 0 0 0 rg BT 214.15 58.25 Td (ier 1 capital under regulatory capital guidelines. Except in limited circumstances, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (Series C, Series D, Series E and Series F Preferred Stock do not have any voting rights.) Tj ET Q endstream endobj 297 0 obj <> endobj 298 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Preferred stock dividends paid during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.02 742.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.02 742.10 Td ( included the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (On December 15, 2017, Customers made the following dividend payments to preferred shareholders of record as of November ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (30, 2017:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 694.10 Td (a cash dividend on its Series C Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.06 694.10 Td ($0.4375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.56 694.10 Td ( per share; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 682.10 Td (a cash dividend on its Series D Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.62 682.10 Td ($0.40625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.12 682.10 Td ( per share; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 670.10 Td (a cash dividend on its Series E Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 670.10 Td ($0.403125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 670.10 Td ( per share and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 658.10 Td (a cash dividend on its Series F Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.96 658.10 Td ($0.375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.46 658.10 Td ( per share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (On September 15, 2017, Customers made the following dividend payments to preferred shareholders of record as of ) Tj ET Q q 0 0 0 rg BT 516.27 634.10 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (2017:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 610.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 610.10 Td (a cash dividend on its Series C Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.06 610.10 Td ($0.4375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.56 610.10 Td ( per share; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 598.10 Td (a cash dividend on its Series D Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.62 598.10 Td ($0.40625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.12 598.10 Td ( per share; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 586.10 Td (a cash dividend on its Series E Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 586.10 Td ($0.403125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 586.10 Td ( per share and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 574.10 Td (a cash dividend on its Series F Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.96 574.10 Td ($0.375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.46 574.10 Td ( per share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (On June 15, 2017, Customers made the following dividend payments to preferred shareholders of record as of May 31, 2017:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 526.10 Td (a cash dividend on its Series C Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.06 526.10 Td ($0.4375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.56 526.10 Td ( per share; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 514.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 514.10 Td (a cash dividend on its Series D Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.62 514.10 Td ($0.40625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.12 514.10 Td ( per share; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 502.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 502.10 Td (a cash dividend on its Series E Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 502.10 Td ($0.403125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 502.10 Td ( per share and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 490.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 490.10 Td (a cash dividend on its Series F Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.96 490.10 Td ($0.375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.46 490.10 Td ( per share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (On March 15, 2017, Customers made the following dividend payments to preferred shareholders of record as of February 28, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (2017:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 442.10 Td (a cash dividend on its Series C Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.06 442.10 Td ($0.4375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.56 442.10 Td ( per share; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 430.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 430.10 Td (a cash dividend on its Series D Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.62 430.10 Td ($0.40625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.12 430.10 Td ( per share; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 418.10 Td (a cash dividend on its Series E Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 418.10 Td ($0.403125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 418.10 Td ( per share and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 406.10 Td (a cash dividend on its Series F Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.96 406.10 Td ($0.375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.46 406.10 Td ( per share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Preferred stock dividends paid during 2016 included the following: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (On December 15, 2016, Customers made the following dividend payments to preferred shareholders of record as of November ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (30, 2016:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 322.10 Td (a cash dividend on its Series C Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.06 322.10 Td ($0.4375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.56 322.10 Td ( per share; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 310.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 310.10 Td (a cash dividend on its Series D Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.62 310.10 Td ($0.40625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.12 310.10 Td ( per share; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 298.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 298.10 Td (a cash dividend on its Series E Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 298.10 Td ($0.403125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 298.10 Td ( per share and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 286.10 Td (a cash dividend on its Series F Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.96 286.10 Td ($0.370833) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.46 286.10 Td ( per share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (On September 15, 2016, Customers made the following dividend payments to preferred shareholders of record as of ) Tj ET Q q 0 0 0 rg BT 516.27 262.10 Td (August 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (2016:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 238.10 Td (a cash dividend on its Series C Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.06 238.10 Td ($0.4375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.56 238.10 Td ( per share; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 226.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 226.10 Td (a cash dividend on its Series D Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.62 226.10 Td ($0.40625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.12 226.10 Td ( per share; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 214.10 Td (a cash dividend on its Series E Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 214.10 Td ($0.403125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 214.10 Td ( per share and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (On June 15, 2016, Customers made the following dividend payments to preferred shareholders of record as of May 31, 2016: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 178.10 Td (a cash dividend on its Series C Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.06 178.10 Td ($0.4375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.56 178.10 Td ( per share; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 166.10 Td (a cash dividend on its Series D Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.62 166.10 Td ($0.40625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.12 166.10 Td ( per share and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 154.10 Td (a cash dividend on its Series E Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 154.10 Td ($0.210521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.00 154.10 Td ( per share. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (On March 15, 2016, Customers made the following dividend payments to preferred shareholders of record as of February 29, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (2016: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 106.10 Td (a cash dividend on its Series C Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.06 106.10 Td ($0.4375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.56 106.10 Td ( per share and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 94.10 Td (a cash dividend on its Series D Preferred Stock of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.62 94.10 Td ($0.2076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.12 94.10 Td ( per share.) Tj ET Q endstream endobj 299 0 obj <> endobj 300 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (148) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE14 EMPLOYEE BENEFIT) Tj ET Q q 0 0 0 rg BT 204.29 742.25 Td ( PLANS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (401\(k\) Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Customers has a 401\(k\) profit sharing plan whereby eligible team members may contribute amounts up to the annual IRS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (statutory contribution limit. Customers provides a matching contribution equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.95 682.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.28 682.25 Td ( of the first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.94 682.25 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.27 682.25 Td ( of the contribution made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (by the team member) Tj ET Q q 0 0 0 rg BT 131.36 670.25 Td (. Employer contributions for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.92 670.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.51 670.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.51 670.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.51 670.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.94 670.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.94 670.25 Td (, were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.87 670.25 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.76 670.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.76 670.25 Td ($1.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 658.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 658.25 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.72 658.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 202.38 658.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Supplemental Executive Retir) Tj ET Q q 0 0 0 rg BT 167.92 634.25 Td (ement Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Customers entered into a supplemental executive retirement plan \("SERP"\) with its Chairman and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 522.03 610.25 Td (ficer that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (provides annual retirement benefits for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.94 598.25 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.94 598.25 Td (-year period upon the later of his reaching the age of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.35 598.25 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.35 598.25 Td ( or when he terminates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (employment. ) Tj ET Q q 0 0 0 rg BT 107.31 586.25 Td (The SERP) Tj ET Q q 0 0 0 rg BT 148.89 586.25 Td ( is a defined-contribution type of deferred-compensation arrangement that is designed to provide a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 574.25 Td (get annual retirement benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.92 574.25 Td ($300,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.42 574.25 Td ( per year for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.06 574.25 Td (15 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.66 574.25 Td ( starting at age ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.74 574.25 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.74 574.25 Td (, based on an assumed constant rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (return of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.21 562.25 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.54 562.25 Td (per year) Tj ET Q q 0 0 0 rg BT 134.96 562.25 Td (. ) Tj ET Q q 0 0 0 rg BT 142.28 562.25 Td (The level of retirement benefit is not guaranteed by Customers, and the ultimate retirement benefit can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (be less than or greater than the tar) Tj ET Q q 0 0 0 rg BT 185.04 550.25 Td (get. Customers funds its obligations under the SERP) Tj ET Q q 0 0 0 rg BT 397.16 550.25 Td ( with the increase in cash surrender ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (value of a life insurance policy on the life of the Chairman and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 381.09 538.25 Td (ficer which it owns. ) Tj ET Q q 0 0 0 rg BT 465.33 538.25 Td (The present value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (amount owed as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.32 526.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.90 526.25 Td (, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.95 526.25 Td ($4.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.84 526.25 Td ( and was included in other liabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (NOTE15 SHARE-BASED COMPENSA) Tj ET Q q 0 0 0 rg BT 230.95 496.25 Td (TION PLANS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Summary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (During 2010, the shareholders of Customers Bancorp approved the 2010 Stock Option Plan \(2010 Plan\), and during 2012, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (the shareholders of Customers Bancorp approved the 2012 ) Tj ET Q q 0 0 0 rg BT 286.61 448.25 Td (Amendment and Restatement of the Customers Bancorp, Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (Amended and Restated 2004 Incentive Equity and Deferred Compensation Plan \(2004 Plan\). ) Tj ET Q q 0 0 0 rg BT 435.27 436.25 Td (The purpose of these plansis to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (promote the success and enhance the value of Customers Bancorp by linking the personal interests of the members of the Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (of Directors, team members, of) Tj ET Q q 0 0 0 rg BT 174.78 412.25 Td (ficers and executives of Customers to those of the shareholders of Customers and by providing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (such individuals with an incentive for outstanding performance in order to generate superior returns to shareholders of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (Customers. ) Tj ET Q q 0 0 0 rg BT 100.10 388.25 Td (The 2010 Plan and 2004 Plan are intended to provide flexibility to Customers in its ability to motivate, attract and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (retain the services of members of the Board of Directors, team members, of) Tj ET Q q 0 0 0 rg BT 351.93 376.25 Td (ficers and executives of Customers. Stock options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (and restricted stock units normally vest on the third or fifth anniversary of the grant date provided the grantee remains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (employed by Customers or continues to serve on the Board. ) Tj ET Q q 0 0 0 rg BT 294.22 352.25 Td (W) Tj ET Q q 0 0 0 rg BT 303.26 352.25 Td (ith respect to certain stock options granted under the 2010 Plan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (vested options shall be exercisable only when Customers' fully diluted tangible book value will have increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.52 340.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.85 340.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (the date of grant. Share-based awards generally provide for accelerated vesting if there is a change in control \(as defined in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (Plans\). No stock options may be exercisable for more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.83 316.25 Td (10 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.43 316.25 Td ( from the date of grant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (The 2010 and 2004 Plansare administered by the Compensation Committee of the Board of Directors. ) Tj ET Q q 0 0 0 rg BT 465.28 292.25 Td (The 2010 Plan provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (exclusively for the grant of stock options, some or all of which may be structured to qualify as Incentive Stock Options, to team ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (members, of) Tj ET Q q 0 0 0 rg BT 99.80 268.25 Td (ficers and executives. ) Tj ET Q q 0 0 0 rg BT 190.97 268.25 Td (The maximum number of shares of common stock which may be issued under the 2010 Plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.17 256.25 Td (3,666,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.17 256.25 Td ( shares. ) Tj ET Q q 0 0 0 rg BT 133.98 256.25 Td (The 2004 Plan provides for the grant of options, some or all of which may be structured to qualify as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (Incentive Stock Options if granted to team members, stock appreciation rights, restricted stock, restricted stock units and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (unrestricted stock to team members, of) Tj ET Q q 0 0 0 rg BT 205.33 232.25 Td (ficers, executives and members of the Board of Directors. ) Tj ET Q q 0 0 0 rg BT 441.17 232.25 Td (The maximum number of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (shares of common stock which may be issued under the 2004 Plan is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.45 220.25 Td (2,750,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.45 220.25 Td ( shares. ) Tj ET Q q 0 0 0 rg BT 401.89 220.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.39 220.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.97 220.25 Td (, the aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (number of shares of common stock available for grant under these plans was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.07 208.25 Td (1,621,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.07 208.25 Td ( shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (On January1, 201) Tj ET Q q 0 0 0 rg BT 122.95 184.25 Td (1, Customers initiated a Bonus Recognition and Retention Program \(BRRP\). ) Tj ET Q q 0 0 0 rg BT 443.56 184.25 Td (This is a restricted stock unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (plan. ) Tj ET Q q 0 0 0 rg BT 74.54 172.25 Td (T) Tj ET Q q 0 0 0 rg BT 79.95 172.25 Td (eam members eligible to participate in the BRRP) Tj ET Q q 0 0 0 rg BT 275.92 172.25 Td ( include the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 402.64 172.25 Td (ficer and other senior management and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (highly compensated team members as determined by the Compensation Committee at its sole discretion. Under the BRRP) Tj ET Q q 0 0 0 rg BT 540.46 160.25 Td (, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (participant may elect to defer not less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.16 148.25 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.49 148.25 Td (, nor more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.08 148.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.41 148.25 Td (, of his or her bonus payable with respect to each year of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (participation. Shares of ) Tj ET Q q 0 0 0 rg BT 147.85 136.25 Td (V) Tj ET Q q 0 0 0 rg BT 153.78 136.25 Td (oting Common Stock having a value equal to the portion of the bonus deferred by a participant are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (allocated to an annual deferral account, and a matching amount equal to an identical number of shares of common stock is also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (allocated to the annual deferral account. ) Tj ET Q q 0 0 0 rg BT 214.37 112.25 Td (A) Tj ET Q q 0 0 0 rg BT 221.04 112.25 Td ( participant becomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.28 112.25 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.61 112.25 Td ( vested in the annual deferral account on the fifth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (anniversary date of the initial funding of the account, provided he or she remains continuously employed by Customers from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (the date of funding to the anniversary date.) Tj ET Q endstream endobj 301 0 obj <> endobj 302 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (V) Tj ET Q q 0 0 0 rg BT 56.11 742.10 Td (esting is accelerated in the event of involuntary termination other than for cause, retirement at or after age ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.77 742.10 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.77 742.10 Td (, death, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (termination on account of disability or a change in control of Customers. Participants were first eligible to make elections ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (under the BRRP) Tj ET Q q 0 0 0 rg BT 115.19 718.10 Td ( with respect to their bonuses for 201) Tj ET Q q 0 0 0 rg BT 263.39 718.10 Td (1, which were payable in first quarter 2012. ) Tj ET Q q 0 0 0 rg BT 442.88 718.10 Td (The BRRP) Tj ET Q q 0 0 0 rg BT 486.12 718.10 Td ( does not provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (for a specific number of shares to be reserved; by its terms, the award of restricted stock units under this plan is limited by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (amount of cash bonuses paid to the participants in the plan. ) Tj ET Q q 0 0 0 rg BT 291.34 694.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.84 694.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.42 694.10 Td (, restricted stock units outstanding under this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (plan totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.43 682.10 Td (263,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.93 682.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Share-based-compensation expense relating to stock options and restricted stock units is recognized on a straight-line basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (over the vesting periods of the awards and is a component of salaries and employee benefits expense. ) Tj ET Q q 0 0 0 rg BT 459.97 646.10 Td (T) Tj ET Q q 0 0 0 rg BT 465.38 646.10 Td (otal share-based- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (compensation expense for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.91 634.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.91 634.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.91 634.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.91 634.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.35 634.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.35 634.10 Td (, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.40 634.10 Td ($6.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.29 634.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.29 634.10 Td ($6.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.18 634.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.62 634.10 Td ($4.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.51 634.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 488.17 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 495.12 634.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 622.10 Td (, there was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.12 622.10 Td ($19.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.01 622.10 Td ( of unrecognized compensation cost related to all non-vested share-based- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (compensation awards. ) Tj ET Q q 0 0 0 rg BT 143.68 610.10 Td (This cost is expected to be recognized through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.96 610.10 Td (December 2022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.54 610.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (In 2014, the shareholders of Customers Bancorp approved the 2014 Employee Stock Purchase Plan \(the "ESPP"\). ) Tj ET Q q 0 0 0 rg BT 507.34 586.10 Td (The ESPP) Tj ET Q q 0 0 0 rg BT 547.81 586.10 Td ( is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (intended to encourage team member participation in the ownership and economic progress of Customers. ) Tj ET Q q 0 0 0 rg BT 475.81 574.10 Td (This plan is intended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (to qualify as an employee stock purchase plan within the meaning of the Internal Revenue Code and is administered by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Compensation Committee of the Board of Directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Under the ESPP) Tj ET Q q 0 0 0 rg BT 113.89 526.10 Td (, team members may elect to purchase shares of Customers' common stock through payroll deduction. Because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (the purchase price under the plan is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.11 514.10 Td (85%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.44 514.10 Td ( of the fair market value of a share of common stock on the first day of each quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (subscription period \(a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.70 502.10 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.03 502.10 Td ( discount to the market price\), Customers' ESPP) Tj ET Q q 0 0 0 rg BT 350.00 502.10 Td ( is considered to be a compensatory plan under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (current accounting guidance. ) Tj ET Q q 0 0 0 rg BT 170.60 490.10 Td (Therefore, the entire amount of the discount is recognizable compensation expense. ESPP) Tj ET Q q 0 0 0 rg BT 532.34 490.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (expense for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.87 478.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.87 478.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.87 478.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.87 478.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.31 478.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.31 478.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.86 478.10 Td ($132 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.47 478.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.47 478.10 Td ($103 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.07 478.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.01 478.10 Td ($80 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.62 478.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 454.28 478.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Stock Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Customers estimated the fair value of each option on the date of grant generally using the Black-Scholes option pricing model. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (The risk-free interest rate was based upon the zero-coupon ) Tj ET Q q 0 0 0 rg BT 286.67 418.10 Td (T) Tj ET Q q 0 0 0 rg BT 292.42 418.10 Td (reasury rates in ef) Tj ET Q q 0 0 0 rg BT 363.59 418.10 Td (fect on the grant date of the options based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (expected life of the option. Expected volatility was based upon limited historical information because Customers' common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (stock has only been traded since February 2012. Expected life was management) Tj ET Q q 0 0 0 rg BT 375.17 394.10 Td (s estimate which took into consideration the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (vesting requirement, generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.40 382.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.38 382.10 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.71 382.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.26 382.10 Td ( years. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 358.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 358.10 Td (, options to purchase an aggregate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.22 358.10 Td (776,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.72 358.10 Td ( shares of Customers Bancorp voting common stock were granted to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (certain of) Tj ET Q q 0 0 0 rg BT 87.85 346.10 Td (ficers and team members. ) Tj ET Q q 0 0 0 rg BT 195.41 346.10 Td (The exercise price for the options granted was equal to the closing price of Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Bancorp's voting common stock on the date of grant. ) Tj ET Q q 0 0 0 rg BT 266.30 334.10 Td (The majority of the options issued are subject to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.47 334.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.02 334.10 Td (-year clif) Tj ET Q q 0 0 0 rg BT 520.20 334.10 Td (f vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (and expire after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.24 322.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.46 322.10 Td ( years. In addition to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.65 322.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.20 322.10 Td (-year service requirement, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.36 322.10 Td (650,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.86 322.10 Td ( of the options issued also require that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Customers' share price trade above ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.03 310.10 Td ($40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.03 310.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.69 310.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.90 310.10 Td ( days during the vesting period for the options to become exercisable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Customers evaluated the likelihood that the aforementioned vesting condition would be met over the requisite service period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (and determined that it was more likely than not that the condition would be satisfied \(based upon historical performance\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 262.10 Td (, the grant-date fair value of these awards is being recognized as expense over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.09 262.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.63 262.10 Td (-year vesting period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (The following table presents the weighted-average assumptions used and the resulting weighted-average fair value of each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (option granted for the periods presented.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 211.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 189.20 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 189.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 189.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 189.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 189.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 189.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 161.20 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 161.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 161.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 161.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 161.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 161.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 133.20 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 133.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 133.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 133.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 133.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 133.20 66.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 189.20000000000005 m 422.5 189.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 189.20000000000005 m 492.5 189.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 189.20000000000005 m 562.5 189.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 189.20000000000005 m 422.5 189.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 189.20000000000005 m 492.5 189.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 189.20000000000005 m 562.5 189.20000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.00 193.15 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.00 193.15 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.00 193.15 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 179.77 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 179.77 Td (eighted-average risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 179.77 Td (2.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 179.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 179.77 Td (1.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 179.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 179.77 Td (1.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 179.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 165.77 Td (Expected dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 165.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 165.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 165.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 165.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 165.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 165.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 151.77 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 151.77 Td (eighted-average expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.15 151.77 Td (25.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 151.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 151.77 Td (23.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 151.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 151.77 Td (21.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 151.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 137.77 Td (W) Tj ET Q q 0 0 0 rg BT 62.04 137.77 Td (eighted-average expected life \(in years\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.50 137.77 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.50 137.77 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 137.77 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 123.77 Td (W) Tj ET Q q 0 0 0 rg BT 61.64 123.77 Td (eighted-average fair value of each option granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.00 123.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 123.77 Td (8.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 123.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 123.77 Td (7.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 123.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 123.77 Td (6.42) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 303 0 obj <> endobj 304 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The following table summarizes stock option activity for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.75 742.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.33 742.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 666.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 666.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 666.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 666.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 666.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 666.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 666.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 666.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 636.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 636.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 636.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 636.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 636.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 606.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 606.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 606.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 606.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 606.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 606.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 606.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 606.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 576.60 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 576.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 576.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 576.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 576.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 576.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 576.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 576.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 678.6 m 355.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 678.6 m 424.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 678.6 m 493.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 678.6 m 562.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 678.6 m 290.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 678.6 m 359.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 678.6 m 428.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 678.6 m 497.5 678.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 591.6 m 355.5 591.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 577.6 m 355.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 575.6 m 355.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 577.6 m 562.5 577.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 575.6 m 562.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 562.6 m 355.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 560.6 m 355.5 560.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 562.6 m 562.5 562.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 560.6 m 562.5 560.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.35 690.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.50 682.85 Td (of Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.90 706.85 Td (W) Tj ET Q q 0 0 0 rg BT 381.81 706.85 Td (eighted-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.25 698.85 Td (A) Tj ET Q q 0 0 0 rg BT 383.43 698.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.70 690.85 Td (Exercise) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.25 682.85 Td (Price) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.90 722.85 Td (W) Tj ET Q q 0 0 0 rg BT 450.81 722.85 Td (eighted-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.25 714.85 Td (A) Tj ET Q q 0 0 0 rg BT 452.43 714.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.90 706.85 Td (Remaining) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.80 698.85 Td (Contractual) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.10 690.85 Td (T) Tj ET Q q 0 0 0 rg BT 456.43 690.85 Td (erm) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.60 682.85 Td (in ) Tj ET Q q 0 0 0 rg BT 455.53 682.85 Td (Y) Tj ET Q q 0 0 0 rg BT 460.50 682.85 Td (ears) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.80 698.85 Td (Aggregate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.15 690.85 Td (Intrinsic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.35 682.85 Td (V) Tj ET Q q 0 0 0 rg BT 525.24 682.85 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 670.55 Td (\(dollarsinthousands,exceptweighted-averageexerciseprice\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 656.27 Td (Outstanding, December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 656.27 Td (3,960,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 656.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 656.27 Td (15.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 642.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 641.27 Td (776,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 641.27 Td (26.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 627.17 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.30 626.32 Td (\(2,007,762) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 626.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 626.27 Td (1) Tj ET Q q 0 0 0 rg BT 403.15 626.27 Td (1.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 626.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 626.27 Td (32,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 612.17 Td (Expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 611.32 Td (\(7,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 611.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 611.27 Td (10.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 597.17 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 596.32 Td (\(2,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 596.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 596.27 Td (17.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.27 Td (Outstanding, December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 581.27 Td (2,718,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 581.27 Td (21.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 581.27 Td (7.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 581.27 Td (12,887) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.27 Td (Exercisable at December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 566.27 Td (96,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 566.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 566.27 Td (12.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 566.27 Td (4.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 566.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 566.27 Td (1,317) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (Cash received from the exercise of the stock options during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.28 538.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.87 538.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.42 538.10 Td ($2.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.31 538.10 Td (. ) Tj ET Q q 0 0 0 rg BT 504.13 538.10 Td (The tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (benefit realized for the tax deductions from option exercises totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.68 526.10 Td ($10.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.57 526.10 Td ( in 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 502.10 Td ( summary of the status of Customers' non-vested options at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.66 502.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.25 502.10 Td (, and changes during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 490.10 Td (, is as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 450.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 450.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 450.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 450.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 422.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 422.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 422.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 422.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 394.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 394.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 394.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 394.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 450.6 m 493.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 450.6 m 562.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 450.6 m 493.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 450.6 m 562.5 450.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 394.6 m 493.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 381.6 m 493.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 379.6 m 493.5 379.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.80 454.85 Td (Options) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.90 470.85 Td (W) Tj ET Q q 0 0 0 rg BT 519.81 470.85 Td (eighted-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.25 462.85 Td (A) Tj ET Q q 0 0 0 rg BT 521.43 462.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.40 454.85 Td (exerciseprice) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 441.17 Td (Non-vested at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 441.17 Td (2,865,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 441.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 441.17 Td (17.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 427.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 427.17 Td (776,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 427.17 Td (26.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 413.17 Td (V) Tj ET Q q 0 0 0 rg BT 59.67 413.17 Td (ested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.30 413.22 Td (\(1,017,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 413.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 413.17 Td (12.77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 399.17 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 399.22 Td (\(2,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 399.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 399.17 Td (17.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 385.17 Td (Non-vested at December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 385.17 Td (2,621,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 385.17 Td (21.85) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 359.10 Td (Restricted Stock Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (The fair value of restricted stock units granted under the 2004 Plan is generally determined based on the closing market price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (Customers' common stock on the date of grant. ) Tj ET Q q 0 0 0 rg BT 243.25 325.10 Td (The fair value of restricted stock units granted under the BRRP) Tj ET Q q 0 0 0 rg BT 495.59 325.10 Td ( is measured as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (of the date on which such portion of the bonus would have been paid had the deferral not been elected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (In February 2012, the Compensation Committee recommended and the Board of Directors approved a restricted stock award ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (that had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.43 277.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.43 277.10 Td ( vesting requirements. ) Tj ET Q q 0 0 0 rg BT 192.84 277.10 Td (The first requirement was that the recipient remained an employee or director through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (December31, 2016.) Tj ET Q q 0 0 0 rg BT 133.40 265.10 Td (The second requirement was that Customers' ) Tj ET Q q 0 0 0 rg BT 314.98 265.10 Td (V) Tj ET Q q 0 0 0 rg BT 320.91 265.10 Td (oting Common Stock will have traded at a price greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (than $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.72 253.10 Td (17.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.22 253.10 Td ( per share \(adjusted for any stock splits or stock dividends\) for at least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.92 253.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.47 253.10 Td ( consecutive trading days during the five-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (year period ending December31, 2016. ) Tj ET Q q 0 0 0 rg BT 213.37 241.10 Td (This second requirement was satisfied during fourth quarter 2013. Pursuant to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (terms of this award, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.92 229.10 Td (375,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.42 229.10 Td ( of restricted stock units vested on December 31, 2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.74 205.10 Td (218,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.24 205.10 Td ( restricted stock units granted during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.90 205.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.48 205.10 Td (. Of the aggregate restricted stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (units granted, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.93 193.10 Td (41,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.43 193.10 Td ( were granted under the BRRP) Tj ET Q q 0 0 0 rg BT 256.53 193.10 Td ( and are subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.78 193.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.33 193.10 Td (-year clif) Tj ET Q q 0 0 0 rg BT 383.51 193.10 Td (f vesting. ) Tj ET Q q 0 0 0 rg BT 425.55 193.10 Td (The remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.64 193.10 Td (177,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.14 193.10 Td ( units ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (were granted under the Bancorp's Restated and ) Tj ET Q q 0 0 0 rg BT 239.79 181.10 Td (Amended 2004 Incentive Equity and Deferred Compensation Plan and are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (subject to either a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.31 169.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.29 169.10 Td (-year waterfall vesting \(with one third of the amount vesting annually\) or a three-year clif) Tj ET Q q 0 0 0 rg BT 501.31 169.10 Td (f vesting. ) Tj ET Q endstream endobj 305 0 obj <> endobj 306 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The table below presents the status of the restricted stock units at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.71 742.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.29 742.10 Td (, and changes during the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 730.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 686.60 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 686.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 686.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 686.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 658.60 366.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 658.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 658.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 658.60 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 629.60 366.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 629.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 487.50 629.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 629.60 71.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 686.6 m 487.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 686.6 m 562.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 686.6 m 487.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 686.6 m 562.5 686.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 629.6 m 487.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 616.6 m 487.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 614.6 m 487.5 614.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.25 698.85 Td (Restricted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.70 690.85 Td (StockUnits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.90 706.85 Td (W) Tj ET Q q 0 0 0 rg BT 516.81 706.85 Td (eighted-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.80 698.85 Td (A) Tj ET Q q 0 0 0 rg BT 506.98 698.85 Td (verageGrant-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.45 690.85 Td (Date Fair ) Tj ET Q q 0 0 0 rg BT 533.29 690.85 Td (V) Tj ET Q q 0 0 0 rg BT 538.18 690.85 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 677.17 Td (Outstanding and unvested at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 677.17 Td (645,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 677.17 Td (19.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 663.17 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 663.17 Td (218,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 663.17 Td (29.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 649.17 Td (V) Tj ET Q q 0 0 0 rg BT 59.67 649.17 Td (ested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.80 648.32 Td (\(256,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 648.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 648.27 Td (15.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 634.17 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 634.22 Td (\(17,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 634.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 634.17 Td (25.85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 620.17 Td (Outstanding and unvested at December 31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 620.17 Td (590,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.00 620.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 620.17 Td (24.74) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (Customers has a policy that permits its directors to elect to receive shares of ) Tj ET Q q 0 0 0 rg BT 356.40 592.10 Td (V) Tj ET Q q 0 0 0 rg BT 362.33 592.10 Td (oting Common Stock in lieu of their cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (retainers. During the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.55 580.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.14 580.10 Td (, Customers issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.92 580.10 Td (31,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.42 580.10 Td ( shares of ) Tj ET Q q 0 0 0 rg BT 408.06 580.10 Td (V) Tj ET Q q 0 0 0 rg BT 413.99 580.10 Td (oting Common Stock with a fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.99 568.10 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.88 568.10 Td ( to the directors as compensation for their services. ) Tj ET Q q 0 0 0 rg BT 342.24 568.10 Td (The fair values were generally determined based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (the closing price of the common stock the day before the shares were issued.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (NOTE16 INCOME ) Tj ET Q q 0 0 0 rg BT 145.38 520.10 Td (T) Tj ET Q q 0 0 0 rg BT 151.31 520.10 Td (AXES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (The components of income tax expense were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 446.60 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 446.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 446.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 446.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 446.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 446.60 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 416.60 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 416.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 416.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 416.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 416.60 74.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 472.6 m 403.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 472.6 m 407.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 472.6 m 480.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 472.6 m 484.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 472.6 m 558.5 472.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 459.6 m 403.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 459.6 m 480.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 459.6 m 558.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 416.6 m 403.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 402.6 m 403.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 400.6 m 403.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 416.6 m 480.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 402.6 m 480.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 400.6 m 480.5 400.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 416.6 m 558.5 416.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 402.6 m 558.5 402.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 400.6 m 558.5 400.6 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.10 476.86 Td (For the ) Tj ET Q q 0 0 0 rg BT 408.93 476.86 Td (Y) Tj ET Q q 0 0 0 rg BT 414.81 476.86 Td (ears Ended December31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 357.50 463.86 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.50 463.86 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 463.86 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 450.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 437.17 Td (Current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 436.27 Td (29,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 436.27 Td (48,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 436.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 436.27 Td (40,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 422.17 Td (Deferred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 421.27 Td (15,1) Tj ET Q q 0 0 0 rg BT 389.65 421.27 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.80 421.32 Td (\(2,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 421.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.80 421.32 Td (\(10,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 421.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 407.17 Td (Income tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.00 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.15 406.27 Td (45,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 406.27 Td (45,893) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 406.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 406.27 Td (29,912) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 378.10 Td (fective tax rates dif) Tj ET Q q 0 0 0 rg BT 135.98 378.10 Td (fer from the federal statutory rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.30 378.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.63 378.10 Td (, which is applied to income before income tax expense, due to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.10 Td (the following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 290.60 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 290.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 290.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 290.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 290.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 290.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 290.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 290.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 290.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 290.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 290.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 290.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 254.60 175.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 254.60 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 254.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 254.60 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 254.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 254.60 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 254.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 254.60 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 254.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 254.60 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 254.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 254.60 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 214.60 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 214.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 214.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 214.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 214.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 214.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 214.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 214.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 174.60 175.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 174.60 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 174.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 174.60 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 174.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 174.60 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 174.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 174.60 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 174.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 174.60 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 174.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 174.60 53.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 137.60 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 137.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 137.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 137.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 137.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 137.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 137.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 137.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 137.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 137.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 137.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 137.60 53.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 343.6 m 277.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 343.6 m 281.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 343.6 m 333.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 343.6 m 337.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 343.6 m 389.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 343.6 m 393.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 343.6 m 445.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 343.6 m 449.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 343.6 m 501.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 343.6 m 505.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 343.6 m 558.5 343.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 331.6 m 277.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 331.6 m 281.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 331.6 m 333.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 331.6 m 389.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 331.6 m 393.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 331.6 m 445.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 331.6 m 501.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 331.6 m 505.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 331.6 m 558.5 331.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 302.6 m 277.5 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 302.6 m 333.5 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 302.6 m 389.5 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 302.6 m 445.5 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 302.6 m 501.5 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 302.6 m 558.5 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 122.60000000000002 m 277.5 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 122.60000000000002 m 333.5 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 122.60000000000002 m 389.5 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 122.60000000000002 m 445.5 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 122.60000000000002 m 501.5 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 122.60000000000002 m 558.5 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 109.60000000000002 m 277.5 109.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 107.60000000000002 m 277.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 109.60000000000002 m 333.5 109.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 107.60000000000002 m 333.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 109.60000000000002 m 389.5 109.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 107.60000000000002 m 389.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 122.60000000000002 m 445.5 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 109.60000000000002 m 445.5 109.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 107.60000000000002 m 445.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 109.60000000000002 m 501.5 109.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 107.60000000000002 m 501.5 107.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 122.60000000000002 m 558.5 122.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 109.60000000000002 m 558.5 109.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 107.60000000000002 m 558.5 107.60000000000002 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.60 346.86 Td (For the ) Tj ET Q q 0 0 0 rg BT 356.43 346.86 Td (Y) Tj ET Q q 0 0 0 rg BT 362.31 346.86 Td (ears Ended December31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 270.00 334.86 Td (2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 334.86 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 494.50 334.86 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.20 307.06 Td (Amount) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.35 322.86 Td (% of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 295.75 313.86 Td (pretax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 293.75 304.91 Td (income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.20 307.06 Td (Amount) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.35 322.86 Td (% of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.75 313.86 Td (pretax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 405.75 304.91 Td (income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.20 307.06 Td (Amount) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.85 322.86 Td (% of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 520.25 313.86 Td (pretax) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 518.25 304.91 Td (income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 294.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 281.17 Td (Federal income tax at statutory rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 280.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 280.27 Td (43,357) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 280.27 Td (35.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 280.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 280.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 280.27 Td (43,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 280.27 Td (35.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 280.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.00 280.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 280.27 Td (30,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 280.27 Td (35.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 280.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 266.17 Td (State income tax, net of federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 256.22 Td (benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.15 259.27 Td (3,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 259.27 Td (3.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 259.27 Td (4,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 259.27 Td (3.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.15 259.27 Td (1,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 259.27 Td (1.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 245.17 Td (T) Tj ET Q q 0 0 0 rg BT 76.76 245.17 Td (ax-exempt interest, net of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 235.17 Td (disallowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.30 234.27 Td (\(381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 234.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 234.32 Td (\(0.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 234.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.30 234.32 Td (\(237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 234.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.80 234.32 Td (\(0.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 234.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.30 234.32 Td (\(277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 234.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 234.32 Td (\(0.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 234.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 220.17 Td (Bank-owned life insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.80 219.27 Td (\(2,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 219.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 219.32 Td (\(2.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 219.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.80 219.32 Td (\(1,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 219.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.80 219.32 Td (\(1.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 219.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.80 219.32 Td (\(2,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 219.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 219.32 Td (\(2.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 219.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 205.17 Td (Equity-based compensation benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.80 204.27 Td (\(10,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.65 204.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.80 204.32 Td (\(8.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 204.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.80 204.32 Td (\(3,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 204.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.80 204.32 Td (\(2.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 204.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 204.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 204.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 190.17 Td (Non-deductible executive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 180.17 Td (compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 179.27 Td (654) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 179.27 Td (0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 179.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 179.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 179.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 179.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 165.17 Td (Unrecorded basis dif) Tj ET Q q 0 0 0 rg BT 154.22 165.17 Td (ference in) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 155.22 Td (foreign subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.15 157.27 Td (4,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 157.27 Td (3.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 157.27 Td (2,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 157.27 Td (2.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 157.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 157.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 143.17 Td (Enactment of federal tax reform) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.15 142.27 Td (5,505) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 142.27 Td (4.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.65 142.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 142.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 142.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 142.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 128.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.65 127.27 Td (961) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.15 127.27 Td (0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.65 127.27 Td (519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 127.27 Td (0.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 127.27 Td (204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 127.27 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 113.17 Td (Ef) Tj ET Q q 0 0 0 rg BT 62.26 113.17 Td (fective income tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.00 113.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.15 113.17 Td (45,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 113.17 Td 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income taxes. ) Tj ET Q q 0 0 0 rg BT 439.16 742.10 Td (The income tax accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (guidance results in two components of income tax expense: current and deferred. Current income tax expense reflects taxes to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (be paid or refunded for the current period by applying the provisions of the enacted tax law to the taxable income or excess of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (deductions over revenues. Customers determines deferred income taxes using the liability \(or balance sheet\) method. Under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (this method, the net deferred tax asset or liability is based on the tax ef) Tj ET Q q 0 0 0 rg BT 332.24 694.10 Td (fects of the dif) Tj ET Q q 0 0 0 rg BT 390.09 694.10 Td (ferences between the book and tax bases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (of assets and liabilities, and enacted changes in tax rates and laws are recognized in the period in which they occur) Tj ET Q q 0 0 0 rg BT 507.33 682.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 658.10 Td ( tax position is recognized if it is more likely than not, based on the technical merits, that the tax position will be realized or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (sustained upon examination. ) Tj ET Q q 0 0 0 rg BT 168.96 646.10 Td (The term more likely than not means a likelihood of more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.78 646.10 Td (50 percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.71 646.10 Td (;the terms examined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (and upon examination also include resolution of the related appeals or litigation process, if any) Tj ET Q q 0 0 0 rg BT 428.96 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 435.91 634.10 Td (A) Tj ET Q q 0 0 0 rg BT 442.58 634.10 Td ( tax position that meets the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (more likely than not recognition threshold is initially and subsequently measured as the lar) Tj ET Q q 0 0 0 rg BT 412.24 622.10 Td (gest amount of tax benefit that has a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (greater than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.97 610.10 Td (50 percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.89 610.10 Td ( likelihood of being realized upon settlement with a taxing authority that has full knowledge of all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (relevant information. ) Tj ET Q q 0 0 0 rg BT 139.23 598.10 Td (The determination of whether or not a tax position has met the more likely than not recognition threshold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (considers the facts, circumstances and information available at the reporting date and is subject to management) Tj ET Q q 0 0 0 rg BT 497.07 586.10 Td (s judgment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 562.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 562.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.52 562.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.52 562.10 Td (, Customers had no ) Tj ET Q q 0 0 0 rg BT 259.69 562.10 Td (ASC 740-10 unrecognized tax benefits. Customers does not expect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (total amount of unrecognized tax benefits to significantly increase within the next 12 months. Customers recognizes interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (and penalties on unrecognized tax benefits in other expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Realization of deferred tax assets is dependent upon the generation of future taxable income or the existence of suf) Tj ET Q q 0 0 0 rg BT 508.54 514.10 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (taxable income within the carry-back period. ) Tj ET Q q 0 0 0 rg BT 233.82 502.10 Td (A) Tj ET Q q 0 0 0 rg BT 240.49 502.10 Td ( valuation allowance is provided when it is more likely than not that some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (portion of the deferred tax assets will not be realized. In assessing the need for a valuation allowance, management considers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (the scheduled reversal of the deferred tax liabilities, the level of historical taxable income and the projected future taxable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (income over the periods in which the temporary dif) Tj ET Q q 0 0 0 rg BT 255.31 466.10 Td (ferences comprising the deferred tax assets will be deductible. Based on its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (assessment, management determined that no valuation allowance was necessary at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.38 454.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.97 454.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.41 454.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.41 454.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (On December 22, 2017, H.R.1, commonly known as the ) Tj ET Q q 0 0 0 rg BT 277.56 430.10 Td (T) Tj ET Q q 0 0 0 rg BT 282.97 430.10 Td (ax Cuts and Jobs ) Tj ET Q q 0 0 0 rg BT 352.42 430.10 Td (Act, was signed into law) Tj ET Q q 0 0 0 rg BT 450.36 430.10 Td (. ) Tj ET Q q 0 0 0 rg BT 457.68 430.10 Td (The ) Tj ET Q q 0 0 0 rg BT 475.18 430.10 Td (Act includes many ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (provisions that will ef) Tj ET Q q 0 0 0 rg BT 137.31 418.10 Td (fect Customers' income tax expenses, including reducing the corporate federal tax rate from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.75 418.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.08 418.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.86 418.10 Td (21%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.19 418.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 406.10 Td (fective January 1, 2018. ) Tj ET Q q 0 0 0 rg BT 157.84 406.10 Td (As a result of the rate reduction, Customers was required to re-measure, through income tax expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (in the period of enactment, its deferred tax assets and liabilities using the enacted rate at which Customers expects them to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (recovered or settled. ) Tj ET Q q 0 0 0 rg BT 136.17 382.10 Td (The re-measurement of the net deferred tax asset resulted in additional income tax expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.96 382.10 Td ($5.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 370.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (Also on December 22, 2017, the SEC released Staf) Tj ET Q q 0 0 0 rg BT 254.21 346.10 Td (f ) Tj ET Q q 0 0 0 rg BT 259.49 346.10 Td (Accounting Bulletin No. 1) Tj ET Q q 0 0 0 rg BT 365.22 346.10 Td (18 to address any uncertainty or diversity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (views in practice in accounting for the income tax ef) Tj ET Q q 0 0 0 rg BT 260.01 334.10 Td (fects of the ) Tj ET Q q 0 0 0 rg BT 306.39 334.10 Td (Act in situations where a registrant does not have the necessary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (information available, prepared or analyzed in reasonable detail to complete this accounting in the reporting period that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (includes the enactment date. SAB 1) Tj ET Q q 0 0 0 rg BT 194.87 310.10 Td (18 allows for a measurement period not to extend beyond one year from the ) Tj ET Q q 0 0 0 rg BT 500.33 310.10 Td (Act) Tj ET Q q 0 0 0 rg BT 517.55 310.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (enactment date to complete the necessary accounting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Customers recorded provisional amounts of deferred income taxes using reasonable estimates in three areas where information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (necessary to complete the accounting was not available, prepared or analyzed as follows: \(i\) the deferred tax liability for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (temporary dif) Tj ET Q q 0 0 0 rg BT 104.52 250.10 Td (ferences between the tax and financial reporting bases of fixed assets principally due to the accelerated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (depreciation under the ) Tj ET Q q 0 0 0 rg BT 141.35 238.10 Td (Act which allows for full expensing of qualified property purchased and placed in service after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (September 27, 2017; \(ii\) the deferred tax asset for temporary dif) Tj ET Q q 0 0 0 rg BT 306.12 226.10 Td (ferences associated with accrued compensation is awaiting final ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (determinations of amounts that will be paid and deducted on the 2017 income tax returns and \(iii\) the deferred tax liability for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (temporary dif) Tj ET Q q 0 0 0 rg BT 104.52 202.10 Td (ferences associated with equity investments in partnerships is awaiting receipt of Schedules K-1 from outside ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (preparers, which is necessary to determine the 2017 tax impact from these investments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (In a fourth area, Customers made no adjustments to deferred tax assets representing future deductions for accrued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (compensation that may be subject to new limitations under Internal Revenue Code Section 162\(m\) which, generally) Tj ET Q q 0 0 0 rg BT 513.12 154.10 Td (, limits the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (annual deduction for certain compensation paid to certain team members to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.06 142.10 Td ($1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.45 142.10 Td (. ) Tj ET Q q 0 0 0 rg BT 402.77 142.10 Td (There is uncertainty in applying the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (newly enacted rules to existing contracts, and Customers is seeking further clarifications before completing its analysis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (Customers will complete and record the income tax ef) Tj ET Q q 0 0 0 rg BT 266.42 106.10 Td (fects of these provisional items during the period in which the necessary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (information becomes available. ) Tj ET Q q 0 0 0 rg BT 180.61 94.10 Td (This measurement period will not extend beyond December 22, 2018.) 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Tf ET q 0 0 0 rg BT 460.95 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.39 718.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.39 718.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 671.60 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 671.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 671.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 671.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 645.60 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 645.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 645.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 645.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 619.60 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 619.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 619.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 619.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 593.60 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 593.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 593.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 593.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 567.60 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 567.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 567.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 567.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 541.60 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 541.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 541.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 541.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 515.60 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 515.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 515.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 515.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 489.60 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 489.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 489.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 489.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 463.60 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 463.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 463.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 463.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 437.60 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 437.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 437.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 437.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 411.60 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 411.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 411.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 411.60 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 695.6 m 493.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 683.6 m 493.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 695.6 m 562.5 695.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 683.6 m 562.5 683.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 515.6 m 493.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 515.6 m 562.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 424.6 m 493.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 424.6 m 562.5 424.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 411.6 m 493.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 411.6 m 562.5 411.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 399.6 m 493.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 397.6 m 493.5 397.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 399.6 m 562.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 397.6 m 562.5 397.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.95 698.22 Td (December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.50 686.22 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.50 686.22 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 675.55 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 662.33 Td (Deferr) Tj ET Q q 0 0 0 rg BT 99.13 662.33 Td (ed tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 649.17 Td (Allowance for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 649.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 649.17 Td (9,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 649.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 649.17 Td (14,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 636.17 Td (Net unrealized losses on securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 636.17 Td (512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 636.17 Td (1,714) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 623.17 Td (OREO expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 623.17 Td (748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 623.17 Td (1,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 610.17 Td (Non-accrual interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 610.17 Td (515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 610.17 Td (589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 597.17 Td (Net operating losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 597.17 Td (1,199) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 597.17 Td (2,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 584.17 Td (Deferred compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 584.17 Td (1,181) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 584.17 Td (1,523) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 571.17 Td (Equity-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 571.17 Td (2,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 571.17 Td (5,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 558.17 Td (Cash flow hedge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 558.17 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 558.17 Td (1,413) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 545.17 Td (Incentive compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 545.17 Td (634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 545.17 Td (3,041) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 532.17 Td (Net deferred loan fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 532.17 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 532.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 519.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 519.17 Td (2,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 519.17 Td (1,972) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 506.17 Td (T) Tj ET Q q 0 0 0 rg BT 76.76 506.17 Td (otal deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 506.17 Td (19,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 506.17 Td (33,710) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 493.33 Td (Deferr) Tj ET Q q 0 0 0 rg BT 99.13 493.33 Td (ed tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 480.17 Td (Fair value adjustments on acquisitions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 480.22 Td (\(618) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 480.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 480.22 Td (\(1,039) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 480.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 467.17 Td (Net deferred loan fees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 467.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 467.22 Td (\(1,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 467.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 454.17 Td (Bank premises and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 454.22 Td (\(986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 454.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 454.22 Td (\(713) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 454.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 441.17 Td (Lease adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 441.22 Td (\(4,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 441.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 441.22 Td (\(206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 441.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 428.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 428.22 Td (\(980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 428.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 428.22 Td (\(1,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 428.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 415.17 Td (T) Tj ET Q q 0 0 0 rg BT 76.41 415.17 Td (otal deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 415.22 Td (\(7,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 415.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 415.22 Td (\(4,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 415.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 402.17 Td (Net deferred tax asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 402.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 402.17 Td (12,138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 402.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 402.17 Td (29,489) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.10 Td (Customers had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.48 377.10 Td ($6.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.37 377.10 Td ( of federal and state net operating loss carryovers at December 31, 2017, that expire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.10 Td (in 2027 through 2037. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (Customers is subject to U.S. federal income tax as well as income tax in various state and local taxing jurisdictions. Generally) Tj ET Q q 0 0 0 rg BT 555.89 343.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (Customers is no longer subject to examination by federal, state and local taxing authorities for years prior to December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (NOTE17 ) Tj ET Q q 0 0 0 rg BT 100.66 289.10 Td (TRANSACTIONS ) Tj ET Q q 0 0 0 rg BT 182.44 289.10 Td (WITH EXECUTIVE OFFICERS, DIRECT) Tj ET Q q 0 0 0 rg BT 369.52 289.10 Td (ORS ) Tj ET Q q 0 0 0 rg BT 392.03 289.10 Td (AND PRINCIP) Tj ET Q q 0 0 0 rg BT 457.11 289.10 Td (AL) Tj ET Q q 0 0 0 rg BT 470.45 289.10 Td ( SHAREHOLDERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (Customers has had, and may be expected to have in the future, banking transactions in the ordinary course of business with its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.96 259.10 Td (ficers, directors, principal shareholders, their immediate families and af) Tj ET Q q 0 0 0 rg BT 384.50 259.10 Td (filiated companies \(commonly referred to as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (related parties\). ) Tj ET Q q 0 0 0 rg BT 117.01 247.10 Td (The activity relating to loans to such persons was as follows: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 197.60 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 197.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 197.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 197.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 197.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 197.60 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 167.60 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 167.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 167.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 167.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 167.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 167.60 73.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 223.60000000000002 m 405.5 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 223.60000000000002 m 409.5 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 223.60000000000002 m 481.5 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 223.60000000000002 m 485.5 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 223.60000000000002 m 558.5 223.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 210.60000000000002 m 405.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 210.60000000000002 m 481.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 210.60000000000002 m 558.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 152.60000000000002 m 405.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 152.60000000000002 m 481.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 152.60000000000002 m 558.5 152.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 138.60000000000002 m 405.5 138.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 136.60000000000002 m 405.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 138.60000000000002 m 481.5 138.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 136.60000000000002 m 481.5 136.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 138.60000000000002 m 558.5 138.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 136.60000000000002 m 558.5 136.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 389.60 227.85 Td (Forthe) Tj ET Q q 0 0 0 rg BT 414.34 227.85 Td (Y) Tj ET Q q 0 0 0 rg BT 419.57 227.85 Td (earsEndedDecember31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 214.85 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.00 214.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.50 214.85 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 201.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 188.17 Td (Balance as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 187.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.65 187.27 Td (238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 187.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 187.27 Td (220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 187.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 187.27 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 173.17 Td (Additions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 172.27 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 172.27 Td (1,160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 172.27 Td (2,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 158.17 Td (Repayments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.30 157.32 Td (\(337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.65 157.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 157.32 Td (\(1,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 157.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 157.32 Td (\(2,007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 157.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 143.17 Td (Balance as of December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 142.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.65 142.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 142.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 142.27 Td (238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 142.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 142.27 Td (220) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.10 Td (As of December 31, 2017 and 2016, Customers Bank had an outstanding commitment to one of its related parties to provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.10 Td (short-term commercial real estate financing, subject to certain terms and conditions, not to exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.30 102.10 Td ($8.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.19 102.10 Td (. Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.10 Td (Bank also had an available line of credit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.10 90.10 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.99 90.10 Td ( with this related party as of December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 472.66 90.10 Td (Also, as of December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.10 Td (31, 2017, Customers Bank had an outstanding commitment to a related party to provide a letter of credit in the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.66 78.10 Td ($0.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 66.10 Td (. ) Tj ET Q endstream endobj 311 0 obj <> endobj 312 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Some current directors, nominees for director and executive of) Tj ET Q q 0 0 0 rg BT 300.56 742.10 Td (ficers of Customers and entities or or) Tj ET Q q 0 0 0 rg BT 448.67 742.10 Td (ganizations in which they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (were executive of) Tj ET Q q 0 0 0 rg BT 120.89 730.10 Td (ficers or the equivalent or owners of more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.10 730.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.43 730.10 Td ( of the equity were customers of and had transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (with or involving Customers in the ordinary course of business during the fiscal year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.98 718.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.56 718.10 Td (. None of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (transactions involved amounts in excess of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.85 706.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.18 706.10 Td ( of Customers' gross revenues during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.85 706.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.85 706.10 Td (, nor was Customers indebted to any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (of the foregoing persons or entities in an aggregate amount in excess of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.97 694.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.30 694.10 Td ( of Customers' total assets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.53 694.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.11 694.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td () Tj ET Q q 0 0 0 rg BT 51.95 682.10 Td (Additional transactions with such persons and entities may be expected to take place in the ordinary course of business in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 646.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 646.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.52 646.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.52 646.10 Td (, Customers had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.00 646.10 Td ($10.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.89 646.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.33 646.10 Td ($6.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.22 646.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 482.88 646.10 Td (, in deposits from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (related parties, including directors and certain executive of) Tj ET Q q 0 0 0 rg BT 284.72 634.10 Td (ficers. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (NOTE18 FINANCIAL) Tj ET Q q 0 0 0 rg BT 156.96 604.10 Td ( INSTRUMENTS ) Tj ET Q q 0 0 0 rg BT 235.13 604.10 Td (WITH OFF-BALANCE-SHEET) Tj ET Q q 0 0 0 rg BT 374.69 604.10 Td ( RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Customers is a party to financial instruments with of) Tj ET Q q 0 0 0 rg BT 259.79 586.10 Td (f-balance-sheet risk in the normal course of business to meet the financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (needs of its customers. ) Tj ET Q q 0 0 0 rg BT 145.91 574.10 Td (These financial instruments include commitments to extend credit and letters of credit. ) Tj ET Q q 0 0 0 rg BT 494.79 574.10 Td (Those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (sheets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Customers' exposure to credit loss in the event of nonperformance by the other party to the financial instrument for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (commitments to extend credit is represented by the contractual amount of those instruments. Customers uses the same credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (policies in making commitments and conditional obligations as it does for on-balance-sheet instruments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (The following financial instruments were outstanding whose contract amounts represent credit risk:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 430.60 378.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 430.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 430.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 430.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 406.60 378.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 406.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 406.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 406.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 382.60 378.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 382.60 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 382.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 382.60 65.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 455.6 m 493.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 455.6 m 497.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 455.6 m 562.5 455.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 443.6 m 493.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 443.6 m 562.5 443.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.55 459.55 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 447.55 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 447.55 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 434.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 421.22 Td (Commitments to fund loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 421.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 421.22 Td (333,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 421.22 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 421.22 Td (244,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 409.22 Td (Unfunded commitments to fund mortgage warehouse loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 409.22 Td (1,567,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 409.22 Td (1,230,596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 397.22 Td (Unfunded commitments under lines of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 397.22 Td (485,345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 397.22 Td (480,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 385.22 Td (Letters of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 385.22 Td (39,890) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 385.22 Td (40,223) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 373.22 Td (Other unused commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 373.22 Td (6,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 373.22 Td (5,310) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (Commitments to fund loans and unfunded commitments under lines of credit may be obligations of Customers as long as there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (is no violation of any condition established in the contract. Because many of the commitments are expected to expire without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (having being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. Commitments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (generally have fixed expiration dates or other termination clauses and may require payment of a fee. Customers evaluates each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (customer) Tj ET Q q 0 0 0 rg BT 87.03 299.10 Td () Tj ET Q q 0 0 0 rg BT 89.80 299.10 Td (s credit worthiness on a case-by-case basis. ) Tj ET Q q 0 0 0 rg BT 267.62 299.10 Td (The amount of collateral obtained, if deemed necessary by Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (upon extension of credit, is based on management) Tj ET Q q 0 0 0 rg BT 252.72 287.10 Td (s credit evaluation. Collateral held varies but may include personal or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (commercial real estate, accounts receivable, inventory and equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (Mortgage warehouse loan commitments are agreements to fund the pipeline of mortgage banking businesses from closing of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (the individual mortgage loans until their sale into the secondary market. Most of the individual mortgage loans are insured or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (guaranteed by the U.S. Government through one of its programs, such as FHA) Tj ET Q q 0 0 0 rg BT 363.55 227.10 Td ( or ) Tj ET Q q 0 0 0 rg BT 376.70 227.10 Td (V) Tj ET Q q 0 0 0 rg BT 382.64 227.10 Td (A, or are conventional loans eligible for sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.10 Td (to Fannie Mae and Freddie Mac. ) Tj ET Q q 0 0 0 rg BT 185.34 215.10 Td (These commitments generally fluctuate monthly based on changes in interest rates, refinance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.10 Td (activity) Tj ET Q q 0 0 0 rg BT 79.34 203.10 Td (, new home sales and laws and regulation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (Outstanding letters of credit written are conditional commitments issued by Customers to guarantee the performance of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (customer to a third party) Tj ET Q q 0 0 0 rg BT 147.66 167.10 Td (. Letters of credit may obligate Customers to fund draws under those letters of credit regardless of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (whether the customer continues to meet the conditions of the extension of credit. ) Tj ET Q q 0 0 0 rg BT 377.78 155.10 Td (The credit risk involved in issuing letters of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (credit is essentially the same as that involved in extending other loan commitments. Customers requires collateral supporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (these letters of credit as deemed necessary) Tj ET Q q 0 0 0 rg BT 218.72 131.10 Td (. Management believes that the proceeds obtained through a liquidation of such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (collateral would be suf) Tj ET Q q 0 0 0 rg BT 141.18 119.10 Td (ficient to cover the maximum potential amount of future payments required under the corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.10 Td (guarantees. ) Tj ET Q q 0 0 0 rg BT 100.07 107.10 Td (The current amount of the liabilities as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.35 107.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.94 107.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.38 107.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.38 107.10 Td (, for guarantees under standby letters of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.10 Td (credit issued was not material.) Tj ET Q endstream endobj 313 0 obj <> endobj 314 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (155) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE19 REGULA) Tj ET Q q 0 0 0 rg BT 142.88 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 149.37 742.25 Td (OR) Tj ET Q q 0 0 0 rg BT 164.02 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 170.87 742.25 Td ( MA) Tj ET Q q 0 0 0 rg BT 189.29 742.25 Td (TTERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The Bank and the Bancorp are subject to various regulatory capital requirements administered by the federal banking agencies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Failure to meet the minimum capital requirements can result in certain mandatory) Tj ET Q q 0 0 0 rg BT 376.19 706.25 Td (, and possibly additional discretionary) Tj ET Q q 0 0 0 rg BT 528.01 706.25 Td (, actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (by regulators that, if undertaken, could have a direct material ef) Tj ET Q q 0 0 0 rg BT 304.16 694.25 Td (fect on Customers' financial statements. Under capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (adequacy guidelines and the regulatory framework for prompt corrective action, the Bank and Bancorp must meet specific ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (capital guidelines that involve quantitative measures of their assets, liabilities and certain of) Tj ET Q q 0 0 0 rg BT 416.65 670.25 Td (f-balance-sheet items, as calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (under the regulatory accounting practices. ) Tj ET Q q 0 0 0 rg BT 222.80 658.25 Td (The capital amounts and classification are also subject to qualitative judgments by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (the regulators about components, risk weightings and other factors. Prompt corrective action provisions are not applicable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (bank holding companies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Quantitative measures established by regulation to ensure capital adequacy require the Bank and the Bancorp to maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (minimum amounts and ratios \(set forth in the following table\) of common equity ) Tj ET Q q 0 0 0 rg BT 375.60 598.25 Td (T) Tj ET Q q 0 0 0 rg BT 381.35 598.25 Td (ier 1, ) Tj ET Q q 0 0 0 rg BT 404.22 598.25 Td (T) Tj ET Q q 0 0 0 rg BT 409.98 598.25 Td (ier 1, and total capital to risk-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (weighted assets, and ) Tj ET Q q 0 0 0 rg BT 134.24 586.25 Td (T) Tj ET Q q 0 0 0 rg BT 140.00 586.25 Td (ier 1 capital to average assets \(as defined in the regulations\). ) Tj ET Q q 0 0 0 rg BT 385.74 586.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.24 586.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.83 586.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.26 586.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.26 586.25 Td (, the Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (and the Bancorp met all capital adequacy requirements to which they were subject. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (Generally) Tj ET Q q 0 0 0 rg BT 88.77 550.25 Td (, to comply with the regulatory definition of adequately capitalized, or well capitalized, respectively) Tj ET Q q 0 0 0 rg BT 487.98 550.25 Td (, an institution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (must at least maintain the common equity ) Tj ET Q q 0 0 0 rg BT 219.51 538.25 Td (T) Tj ET Q q 0 0 0 rg BT 225.26 538.25 Td (ier 1, ) Tj ET Q q 0 0 0 rg BT 248.13 538.25 Td (T) Tj ET Q q 0 0 0 rg BT 253.89 538.25 Td (ier 1 and total risk-based capital ratios and the ) Tj ET Q q 0 0 0 rg BT 440.59 538.25 Td (T) Tj ET Q q 0 0 0 rg BT 446.34 538.25 Td (ier 1 leverage ratio in excess ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (of the related minimum ratios set forth in the following table. ) Tj ET Q endstream endobj 315 0 obj <> endobj 316 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (156) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 687.50 141.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.50 687.50 48.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 687.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 687.50 42.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 687.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 687.50 41.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 687.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 687.50 41.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 687.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 687.50 42.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 687.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 687.50 44.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 687.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 687.50 44.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 687.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 687.50 41.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 649.50 141.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.50 649.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 649.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 649.50 42.00 -14.00 re f /GS0 gs 0.8 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1 rg /GS0 gs 191.50 614.50 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 614.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 614.50 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 614.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 614.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 614.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 614.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 614.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 614.50 42.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 614.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 614.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 614.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 614.50 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 614.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 614.50 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 586.50 141.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.50 586.50 48.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 586.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 586.50 42.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 586.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 586.50 41.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 586.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 586.50 41.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 586.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 586.50 42.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 586.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 586.50 44.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 586.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 586.50 44.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 586.50 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 586.50 41.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 548.50 141.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.50 548.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 548.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 548.50 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 548.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 548.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 548.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 548.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 548.50 4.00 -15.00 re f 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239.50 317.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 317.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 317.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 317.50 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 317.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 317.50 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 317.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 317.50 42.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 317.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 317.50 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 317.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 317.50 44.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 317.50 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 317.50 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 281.50 141.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.50 281.50 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 281.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 243.50 281.50 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 281.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 289.50 281.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 281.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 281.50 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 281.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 281.50 42.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.50 281.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 281.50 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 469.50 281.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 281.50 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 281.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 281.50 41.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 734.5 m 239.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 734.5 m 243.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 734.5 m 285.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 734.5 m 330.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 734.5 m 334.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 734.5 m 375.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 734.5 m 379.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 734.5 m 421.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 734.5 m 425.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 734.5 m 469.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 734.5 m 473.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 734.5 m 517.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 734.5 m 521.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 734.5 m 562.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 714.5 m 239.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 714.5 m 243.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 714.5 m 285.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 714.5 m 330.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 714.5 m 334.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 714.5 m 375.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 734.5 m 379.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 714.5 m 379.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 734.5 m 421.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 714.5 m 421.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 734.5 m 425.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421.5 714.5 m 425.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 734.5 m 469.5 734.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 714.5 m 469.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 714.5 m 473.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 714.5 m 517.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 714.5 m 521.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 714.5 m 562.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 701.5 m 239.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 701.5 m 285.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 701.5 m 330.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 714.5 m 334.5 714.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 701.5 m 375.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 701.5 m 421.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 701.5 m 469.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 701.5 m 517.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 701.5 m 562.5 701.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.95 738.75 Td (Minimum Capital Levels to be Classified as:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 718.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 227.30 718.75 Td (Actual) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 294.30 718.75 Td (Adequately Capitalized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.30 718.75 Td (W) Tj ET Q q 0 0 0 rg BT 404.53 718.75 Td (ell Capitalized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.70 718.75 Td (Basel III Compliant) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 705.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.85 705.75 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.30 705.75 Td (Ratio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.35 705.75 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 345.80 705.75 Td (Ratio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.85 705.75 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.30 705.75 Td (Ratio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.85 705.75 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 705.75 Td (Ratio) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 692.90 Td (December) Tj ET Q q 0 0 0 rg BT 91.89 692.90 Td ( 31, 2017) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 678.90 Td (Common equity ) Tj ET Q q 0 0 0 rg BT 116.92 678.90 Td (T) Tj ET Q q 0 0 0 rg BT 122.76 678.90 Td (ier) Tj ET Q q 0 0 0 rg BT 133.09 678.90 Td ( 1 \(to risk-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 669.90 Td (weighted assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 654.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 653.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 653.96 Td (689,494) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 653.96 Td (8.805) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 653.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 653.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 653.96 Td (352,368) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 653.96 Td (4.500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 653.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.95 653.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.95 653.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 653.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 653.96 Td (450,248) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 653.96 Td (5.750) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 653.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 640.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 639.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.00 639.96 Td (1,023,564) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 639.96 Td (13.081) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 639.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 639.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 639.96 Td (352,122) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 639.96 Td (4.500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 639.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 639.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.75 639.96 Td (508,621) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 639.96 Td (6.500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 639.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 639.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 639.96 Td (449,934) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 639.96 Td (5.750) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 639.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 626.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.92 626.90 Td (ier) Tj ET Q q 0 0 0 rg BT 69.25 626.90 Td ( 1 capital \(to risk-weighted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 617.90 Td (assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 605.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 604.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 604.96 Td (906,963) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 604.96 Td (1) Tj ET Q q 0 0 0 rg BT 257.25 604.96 Td (1.583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 604.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 604.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 604.96 Td (469,824) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 604.96 Td (6.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 604.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.95 604.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.95 604.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 604.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 604.96 Td (567,704) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 604.96 Td (7.250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 604.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 591.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 590.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.00 590.96 Td (1,023,564) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 590.96 Td (13.081) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 590.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 590.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 590.96 Td (469,496) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 590.96 Td (6.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 590.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 590.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.75 590.96 Td (625,994) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 590.96 Td (8.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 590.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 590.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 590.96 Td (567,307) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 590.96 Td (7.250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 590.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 577.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.59 577.90 Td (otal capital \(to risk-weighted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 568.90 Td (assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 554.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 552.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.00 552.96 Td (1,021,601) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 552.96 Td (13.047) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 552.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 552.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 552.96 Td (626,432) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 552.96 Td (8.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 552.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.95 552.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.95 552.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 552.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 552.96 Td (724,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 552.96 Td (9.250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 552.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 539.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 537.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.00 537.96 Td (1,170,666) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 537.96 Td (14.961) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 537.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 537.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 537.96 Td (625,994) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 537.96 Td (8.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 537.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 537.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.75 537.96 Td (782,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.75 537.96 Td (10.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 537.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 537.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 537.96 Td (723,806) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 537.96 Td (9.250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 537.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 524.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.92 524.90 Td (ier) Tj ET Q q 0 0 0 rg BT 69.25 524.90 Td ( 1 capital \(to average assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 510.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 508.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 508.96 Td (906,963) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 508.96 Td (8.937) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 508.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 508.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 508.96 Td (405,949) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 508.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 508.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.95 508.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.95 508.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 508.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 508.96 Td (405,949) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 508.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 508.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 495.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 493.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.00 493.96 Td (1,023,564) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 493.96 Td (10.092) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 493.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 493.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 493.96 Td (405,701) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 493.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 493.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 493.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.75 493.96 Td (507,126) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 493.96 Td (5.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 493.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 493.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 493.96 Td (405,701) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 493.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 493.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 480.90 Td (December) Tj ET Q q 0 0 0 rg BT 91.89 480.90 Td ( 31, 2016) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 466.90 Td (Common equity ) Tj ET Q q 0 0 0 rg BT 116.92 466.90 Td (T) Tj ET Q q 0 0 0 rg BT 122.76 466.90 Td (ier) Tj ET Q q 0 0 0 rg BT 133.09 466.90 Td ( 1 \(to risk-) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 457.90 Td (weighted assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 442.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 441.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 441.96 Td (628,139) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 441.96 Td (8.487) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 441.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 441.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 441.96 Td (333,049) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 441.96 Td (4.500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 441.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.95 441.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.95 441.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 441.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 441.96 Td (379,306) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 441.96 Td (5.125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 441.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 428.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 427.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 427.96 Td (857,421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 427.96 Td (1) Tj ET Q q 0 0 0 rg BT 257.25 427.96 Td (1.626) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 427.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 427.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 427.96 Td (331,879) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 427.96 Td (4.500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 427.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 427.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.75 427.96 Td (479,380) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 427.96 Td (6.500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 427.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 427.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 427.96 Td (377,973) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 427.96 Td (5.125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 427.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 414.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.92 414.90 Td (ier) Tj ET Q q 0 0 0 rg BT 69.25 414.90 Td ( 1 capital \(to risk-weighted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 405.90 Td (assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 389.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 388.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 388.96 Td (844,755) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 388.96 Td (1) Tj ET Q q 0 0 0 rg BT 257.25 388.96 Td (1.414) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 388.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 388.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 388.96 Td (444,065) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 388.96 Td (6.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 388.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.95 388.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.95 388.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 388.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 388.96 Td (490,322) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 388.96 Td (6.625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 388.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 375.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 374.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 374.96 Td (857,421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 374.96 Td (1) Tj ET Q q 0 0 0 rg BT 257.25 374.96 Td (1.626) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 374.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 374.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 374.96 Td (442,505) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 374.96 Td (6.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 374.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 374.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.75 374.96 Td (590,006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 374.96 Td (8.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 374.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 374.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 374.96 Td (488,599) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 374.96 Td (6.625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 374.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 361.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.59 361.90 Td (otal capital \(to risk-weighted) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 352.90 Td (assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 338.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 336.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 336.96 Td (966,097) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 336.96 Td (13.053) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 336.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 336.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 336.96 Td (592,087) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 336.96 Td (8.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 336.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.95 336.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.95 336.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 336.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 336.96 Td (638,343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 336.96 Td (8.625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 336.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 323.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 321.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.00 321.96 Td (1,003,609) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 321.96 Td (13.608) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 321.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 321.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 321.96 Td (590,006) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 321.96 Td (8.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 321.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 321.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.75 321.96 Td (737,508) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.75 321.96 Td (10.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 321.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 321.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 321.96 Td (636,101) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 321.96 Td (8.625) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 321.96 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 53.00 308.90 Td (T) Tj ET Q q 0 0 0 rg BT 58.84 308.90 Td (ier) Tj ET Q q 0 0 0 rg BT 69.17 308.90 Td ( 1 capital \(to average assets\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 287.76 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 285.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 285.96 Td (844,755) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 285.96 Td (9.067) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 285.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 285.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 285.96 Td (372,652) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 285.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 285.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 402.95 285.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.95 285.96 Td (N/A) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 285.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 285.96 Td (372,652) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 285.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 285.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 272.76 Td (Customers Bank) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.00 270.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 270.96 Td (857,421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 270.96 Td (9.233) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 277.50 270.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 292.00 270.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.75 270.96 Td (371,466) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.25 270.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.50 270.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.00 270.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.75 270.96 Td (464,333) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 270.96 Td (5.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 270.96 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.00 270.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 270.96 Td (371,466) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.25 270.96 Td (4.000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 554.50 270.96 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.00 Td (The risk-based capital rules adopted ef) Tj ET Q q 0 0 0 rg BT 204.48 245.00 Td (fective January 1, 2015, required that banks and holding companies maintain a "capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.00 Td (conservation buf) Tj ET Q q 0 0 0 rg BT 116.74 233.00 Td (fer" of 250 basis points in excess of the "minimum capital ratio" or certain elective distributions would be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.00 Td (limited. ) Tj ET Q q 0 0 0 rg BT 85.65 221.00 Td (The minimum capital ratio is equal to the prompt corrective action adequately capitalized threshold ratio. ) Tj ET Q q 0 0 0 rg BT 511.15 221.00 Td (The capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.00 Td (conservation buf) Tj ET Q q 0 0 0 rg BT 116.74 209.00 Td (fer is being phased in over four years beginning on January 1, 2016, with a maximum buf) Tj ET Q q 0 0 0 rg BT 474.81 209.00 Td (fer of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.24 209.00 Td (0.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.07 209.00 Td ( of risk- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.00 Td (weighted assets for 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.15 197.00 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.98 197.00 Td ( for 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.64 197.00 Td (1.875%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.47 197.00 Td ( for 2018 and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.56 197.00 Td (2.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.39 197.00 Td ( for 2019 and thereafter) Tj ET Q q 0 0 0 rg BT 423.24 197.00 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.00 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 175.00 Td (fective January 1, 2017, the capital level required to avoid limitation on elective distributions applicable to the Bancorp and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.00 Td (the Bank were as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 141.00 Td (\(i\) a common equity ) Tj ET Q q 0 0 0 rg BT 169.69 141.00 Td (T) Tj ET Q q 0 0 0 rg BT 175.44 141.00 Td (ier 1 risk-based capital ratio of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.39 141.00 Td (5.750%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.22 141.00 Td (;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 129.00 Td (\(ii\) a ) Tj ET Q q 0 0 0 rg BT 107.47 129.00 Td (T) Tj ET Q q 0 0 0 rg BT 113.23 129.00 Td (ier 1 risk-based capital ratio of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.18 129.00 Td (7.250%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.01 129.00 Td ( and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 117.00 Td (\(iii\) a ) Tj ET Q q 0 0 0 rg BT 110.25 117.00 Td (T) Tj ET Q q 0 0 0 rg BT 115.66 117.00 Td (otal risk-based capital ratio of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.56 117.00 Td (9.250%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.39 117.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.00 Td (Failure ) Tj ET Q q 0 0 0 rg BT 81.26 93.00 Td (to ) Tj ET Q q 0 0 0 rg BT 91.98 93.00 Td (maintain ) Tj ET Q q 0 0 0 rg BT 129.91 93.00 Td (the ) Tj ET Q q 0 0 0 rg BT 145.07 93.00 Td (required ) Tj ET Q q 0 0 0 rg BT 181.32 93.00 Td (capital ) Tj ET Q q 0 0 0 rg BT 210.91 93.00 Td (conservation ) Tj ET Q q 0 0 0 rg BT 264.95 93.00 Td (buf) Tj ET Q q 0 0 0 rg BT 278.10 93.00 Td (fer ) Tj ET Q q 0 0 0 rg BT 292.13 93.00 Td (will ) Tj ET Q q 0 0 0 rg BT 310.63 93.00 Td (result ) Tj ET Q q 0 0 0 rg BT 335.79 93.00 Td (in ) Tj ET Q q 0 0 0 rg BT 346.50 93.00 Td (limitations ) Tj ET Q q 0 0 0 rg BT 392.22 93.00 Td (on ) Tj ET Q q 0 0 0 rg BT 405.16 93.00 Td (elective ) Tj ET Q q 0 0 0 rg BT 439.19 93.00 Td (distributions, ) Tj ET Q q 0 0 0 rg BT 494.63 93.00 Td (including ) Tj ET Q q 0 0 0 rg BT 535.35 93.00 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.00 Td (distributions ) Tj ET Q q 0 0 0 rg BT 102.50 81.00 Td (and ) Tj ET Q q 0 0 0 rg BT 119.44 81.00 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 174.15 81.00 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 208.87 81.00 Td (to ) Tj ET Q q 0 0 0 rg BT 219.15 81.00 Td (executive ) Tj ET Q q 0 0 0 rg BT 259.96 81.00 Td (of) Tj ET Q q 0 0 0 rg BT 268.11 81.00 Td (ficers. ) Tj ET Q endstream endobj 317 0 obj <> endobj 318 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (157) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE20 DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 173.37 742.25 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 208.75 742.25 Td ( F) Tj ET Q q 0 0 0 rg BT 216.62 742.25 Td (AIR ) Tj ET Q q 0 0 0 rg BT 237.27 742.25 Td (V) Tj ET Q q 0 0 0 rg BT 243.20 742.25 Td (ALUE OF) Tj ET Q q 0 0 0 rg BT 287.00 742.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 345.62 742.25 Td ( INSTRUMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Customers uses fair value measurements to record fair value adjustments to certain assets and liabilities and to disclose the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (value of its financial instruments. F) Tj ET Q q 0 0 0 rg BT 193.40 712.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 214.80 712.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 236.57 712.25 Td (T) Tj ET Q q 0 0 0 rg BT 241.98 712.25 Td (opic 825,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 279.20 712.25 Td (Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.30 712.25 Td (, requires disclosure of the estimated fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (of an entity) Tj ET Q q 0 0 0 rg BT 98.32 700.25 Td (s assets and liabilities considered to be financial instruments. For Customers, as for most financial institutions, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (majority of its assets and liabilities are considered to be financial instruments. However) Tj ET Q q 0 0 0 rg BT 402.28 688.25 Td (, many of these instruments lack an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (available trading market as characterized by a willing buyer and willing seller engaging in an exchange transaction. For fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (value disclosure purposes, Customers utilized certain fair value measurement criteria under the F) Tj ET Q q 0 0 0 rg BT 437.18 664.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 458.58 664.25 Td (ASC 820, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 500.54 664.25 Td (Fair V) Tj ET Q q 0 0 0 rg BT 525.82 664.25 Td (alue ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 80.18 652.25 Td (ements and Disclosur) Tj ET Q q 0 0 0 rg BT 166.47 652.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.80 652.25 Td (, as explained below) Tj ET Q q 0 0 0 rg BT 255.79 652.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (In accordance with ) Tj ET Q q 0 0 0 rg BT 128.02 628.25 Td (ASC 820, the fair value of a financial instrument is the price that would be received to sell an asset or paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value is best ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (determined based upon quoted market prices. However) Tj ET Q q 0 0 0 rg BT 272.86 604.25 Td (, in many instances, there are no quoted market prices for Customers) Tj ET Q q 0 0 0 rg BT 550.08 604.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (present value or other valuation techniques. ) Tj ET Q q 0 0 0 rg BT 229.20 580.25 Td (Those techniques are significantly af) Tj ET Q q 0 0 0 rg BT 376.19 580.25 Td (fected by the assumptions used, including the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (discount rate and estimates of future cash flows. ) Tj ET Q q 0 0 0 rg BT 247.17 568.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 296.50 568.25 Td (, the fair value estimates may not be realized in an immediate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (settlement of the instrument.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (The fair value guidance provides a consistent definition of fair value, focusing on an exit price in an orderly transaction \(i.e., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (not a forced liquidation or distressed sale\) between market participants at the measurement date under current market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (conditions. If there has been a significant decrease in the volume and level of activity for the asset or liability) Tj ET Q q 0 0 0 rg BT 488.37 508.25 Td (, a change in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (valuation technique or the use of multiple valuation techniques may be appropriate. In such instances, determining the price at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (which willing market participants would transact at the measurement date under current market conditions depends on the facts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (and circumstances and requires the use of significant judgment. ) Tj ET Q q 0 0 0 rg BT 308.91 472.25 Td (The fair value is a reasonable point within the range that is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (most representative of fair value under current market conditions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (The fair value guidance also establishes a fair value hierarchy and describes the following three levels used to classify fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (value measurements:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.95 392.32 Td (Level1:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 392.32 Td (Unadjusted quoted prices in active markets that are accessible at the measurement date for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 382.32 Td (identical, unrestricted assets or liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.95 358.32 Td (Level2:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 358.32 Td (Quoted prices in markets that are not active, or inputs that are observable either directly or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 348.32 Td (indirectly) Tj ET Q q 0 0 0 rg BT 198.00 348.32 Td (, for substantially the full term of the asset or liability) Tj ET Q q 0 0 0 rg BT 410.91 348.32 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.95 324.32 Td (Level3:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 324.32 Td (Prices or valuation techniques that require inputs that are both significant to the fair value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 314.32 Td (measurement and unobservable \(i.e., supported with little or no market activity\).) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 286.25 Td ( financial instrument) Tj ET Q q 0 0 0 rg BT 142.20 286.25 Td (s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (value measurement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (The following methods and assumptions were used to estimate the fair values of Customers) Tj ET Q q 0 0 0 rg BT 418.90 250.25 Td ( financial instruments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 238.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 238.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 238.25 Td (:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (Cash and cash equivalents:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (The carrying amounts reported on the balance sheet for cash and cash equivalents approximate those assets) Tj ET Q q 0 0 0 rg BT 481.04 190.25 Td ( fair values. ) Tj ET Q q 0 0 0 rg BT 532.79 190.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (assets are classified as Level 1 fair values, based upon the lowest level of input that is significant to the fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (measurements.) Tj ET Q endstream endobj 319 0 obj <> endobj 320 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (158) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Investment securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (The fair values of investment securities available for sale are determined by obtaining quoted market prices on nationally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (recognized and foreign securities exchanges \(Level 1\), matrix pricing \(Level 2\), which is a mathematical technique used widely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (in the industry to value debt securities without relying exclusively on quoted market prices for the specific securities, but rather ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (by relying on the securities) Tj ET Q q 0 0 0 rg BT 160.89 688.25 Td ( relationship to other benchmark quoted prices, or externally developed models that use ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (unobservable inputs due to limited or no market activity of the instrument \(Level 3\). ) Tj ET Q q 0 0 0 rg BT 391.96 676.25 Td (These assets are classified as Level 1, 2 or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (3 fair values, based upon the lowest level of input that is significant to the fair value measurements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (The carrying amount of FHLB, Federal Reserve Bank and other restricted stock approximates fair value and considers the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (limited marketability of such securities. ) Tj ET Q q 0 0 0 rg BT 213.39 628.25 Td (These assets are classified as Level 2 fair values, based upon the lowest level of input ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (that is significant to the fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (Loans held for) Tj ET Q q 0 0 0 rg BT 112.05 595.25 Td ( sale - Consumer) Tj ET Q q 0 0 0 rg BT 185.75 595.25 Td ( r) Tj ET Q q 0 0 0 rg BT 192.51 595.25 Td (esidential mortgage loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.25 Td (Customers generally estimates the fair values of residential mortgage loans held for sale based on commitments on hand from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (investors within the secondary market for loans with similar characteristics. ) Tj ET Q q 0 0 0 rg BT 357.51 565.25 Td (These assets are classified as Level 2 fair values, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (based upon the lowest level of input that is significant to the fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Loans held for) Tj ET Q q 0 0 0 rg BT 112.05 532.25 Td ( sale - Commer) Tj ET Q q 0 0 0 rg BT 176.57 532.25 Td (cial mortgage war) Tj ET Q q 0 0 0 rg BT 253.58 532.25 Td (ehouse loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (The fair value of mortgage warehouse loans is the amount of cash initially advanced to fund the mortgage, plus accrued interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (and fees, as specified in the respective agreements. ) Tj ET Q q 0 0 0 rg BT 258.34 502.25 Td (The loan is used by mortgage companies as short-term bridge financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (between the funding of mortgage loans and the finalization of the sale of the loans to an investor) Tj ET Q q 0 0 0 rg BT 435.17 490.25 Td (. Changes in fair value are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (expected to be recognized since at inception of the transaction the underlying loans have already been sold to an approved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (investor) Tj ET Q q 0 0 0 rg BT 81.67 466.25 Td (. ) Tj ET Q q 0 0 0 rg BT 88.61 466.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 138.52 466.25 Td (, the interest rate is variable, and the transaction is short-term, with an average life of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.33 466.25 Td (22 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.16 466.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (purchase to sale. ) Tj ET Q q 0 0 0 rg BT 121.18 454.25 Td (These assets are classified as Level 2 fair values, based upon the lowest level of input that is significant to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (Loans held for) Tj ET Q q 0 0 0 rg BT 112.05 421.25 Td ( sale - Multi-family loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (The fair values of multi-family loans held for sale are estimated using pricing indications from letters of intent with third party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (investors, recent sale transactions within the secondary markets for loans with similar characteristics, non-binding indicative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (bids from brokers or estimates made by management considering current market rates and terms. ) Tj ET Q q 0 0 0 rg BT 442.47 376.25 Td (These assets are classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 343.25 Td (Loans r) Tj ET Q q 0 0 0 rg BT 82.88 343.25 Td (eceivable, net of allowance for) Tj ET Q q 0 0 0 rg BT 210.72 343.25 Td ( loan losses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (The fair values of loans held for investment are estimated using discounted cash flows, using market rates at the balance sheet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (date that reflect the credit and interest-rate risk inherent in the loans. Projected future cash flows are calculated based upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (contractual maturity or call dates, projected repayments and prepayments of principal. Generally) Tj ET Q q 0 0 0 rg BT 438.09 301.25 Td (, for variable-rate loans that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (reprice frequently and with no significant change in credit risk, fair values are based on carrying values. ) Tj ET Q q 0 0 0 rg BT 470.21 289.25 Td (These assets are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.25 Td (classified as Level 3 fair values, based upon the lowest level of input that is significant to the fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (Impair) Tj ET Q q 0 0 0 rg BT 79.82 256.25 Td (ed loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (Impaired loans are those that are accounted for under ) Tj ET Q q 0 0 0 rg BT 264.63 238.25 Td (ASC 310, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 306.58 238.25 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.33 238.25 Td (, for which Customers has measured impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (generally based on the fair value of the loan) Tj ET Q q 0 0 0 rg BT 228.26 226.25 Td (s collateral or discounted cash flow analysis. Fair value is generally determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (based upon independent third-party appraisals of the properties that collateralize the loans or discounted cash flows based upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (the expected proceeds. ) Tj ET Q q 0 0 0 rg BT 145.61 202.25 Td (These assets are classified as Level 3 fair values, based upon the lowest level of input that is significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (to the fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 166.25 Td ( r) Tj ET Q q 0 0 0 rg BT 82.12 166.25 Td (eal estate owned:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (The fair value of other real estate owned \("OREO"\) is determined using appraisals, which may be discounted based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (management) Tj ET Q q 0 0 0 rg BT 103.87 136.25 Td (s review and changes in market conditions or sales agreements with third parties. ) Tj ET Q q 0 0 0 rg BT 432.39 136.25 Td (All appraisals must be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (performed in accordance with the Uniform Standards of Professional ) Tj ET Q q 0 0 0 rg BT 327.97 124.25 Td (Appraisal Practice. ) Tj ET Q q 0 0 0 rg BT 408.50 124.25 Td (Appraisals are certified to Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (and performed by appraisers on Customers' approved list of appraisers. Evaluations are completed by a person independent of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (management. ) Tj ET Q q 0 0 0 rg BT 108.41 100.25 Td (The content of the appraisal depends on the complexity of the property) Tj ET Q q 0 0 0 rg BT 391.28 100.25 Td (. ) Tj ET Q q 0 0 0 rg BT 398.23 100.25 Td (Appraisals are completed on a retail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (value and an as is value. ) Tj ET Q q 0 0 0 rg BT 165.32 88.25 Td (These assets are classified as Level 3 fair values, based upon the lowest level of input that is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (significant to the fair value measurements.) Tj ET Q endstream endobj 321 0 obj <> endobj 322 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (159) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Deposit liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (The fair values disclosed for interest and non-interest checking, savings and money market deposit accounts are, by definition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (equal to the amount payable on demand at the reporting date \(i.e., their carrying amounts\). ) Tj ET Q q 0 0 0 rg BT 416.36 712.25 Td (These liabilities are classified as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (Level 1 fair values, based upon the lowest level of input that is significant to the fair value measurements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (Fair values for fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (currently being of) Tj ET Q q 0 0 0 rg BT 121.46 670.25 Td (fered in the market on certificates to a schedule of aggregated expected monthly maturities on time deposits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (These liabilities are classified as Level 2 fair values, based upon the lowest level of input that is significant to the fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (Federal funds pur) Tj ET Q q 0 0 0 rg BT 127.05 625.25 Td (chased:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (For these short-term instruments, the carrying amount is considered a reasonable estimate of fair value. ) Tj ET Q q 0 0 0 rg BT 467.47 607.25 Td (These liabilities are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (classified as Level 1 fair values, based upon the lowest level of input that is significant to the fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (Borr) Tj ET Q q 0 0 0 rg BT 70.37 574.25 Td (owings:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (Borrowings consist of long-term and short-term FHLB advances, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.56 556.25 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.56 556.25 Td (-year senior unsecured notes, and subordinated debt.For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (overnight borrowings, the carrying amounts are considered reasonable estimates of fair value and are classified as Level 1 fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (values measurements. Fair values of all other FHLB advances are estimated using discounted cash flow analysis, based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (quoted prices for new FHLB advances with similar credit-risk characteristics, terms and remaining maturity) Tj ET Q q 0 0 0 rg BT 480.88 520.25 Td (. ) Tj ET Q q 0 0 0 rg BT 488.20 520.25 Td (The prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (obtained from this active market represent a market value that is deemed to represent the transfer price if the liability were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (assumed by a third party) Tj ET Q q 0 0 0 rg BT 147.66 496.25 Td (. ) Tj ET Q q 0 0 0 rg BT 154.98 496.25 Td (These liabilities are classified as Level 2 fair value measurements. Fair values of privately placed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (subordinated and senior unsecured debt are estimated by a third-party financial adviser using discounted cash flow analysis, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (based on market rates currently of) Tj ET Q q 0 0 0 rg BT 186.15 472.25 Td (fered on such debt with similar credit-risk characteristics, terms and remaining maturity) Tj ET Q q 0 0 0 rg BT 536.50 472.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (These liabilities are included as Level 2 fair values, based upon the lowest level of input that is significant to the fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (measurements. ) Tj ET Q q 0 0 0 rg BT 114.52 448.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.57 448.25 Td ($63.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.46 448.25 Td ( senior unsecured notes issued during third quarter 2013 are traded on the New ) Tj ET Q q 0 0 0 rg BT 503.77 448.25 Td (Y) Tj ET Q q 0 0 0 rg BT 510.00 448.25 Td (ork Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (Exchange, and their price can be obtained daily) Tj ET Q q 0 0 0 rg BT 239.27 436.25 Td (. ) Tj ET Q q 0 0 0 rg BT 246.59 436.25 Td (This fair value measurement is classified as Level 1. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (Derivatives \(Assets and Liabilities\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (The fair values of interest rate swaps and credit derivatives are determined using models that incorporate readily observable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (market data into a market standard methodology) Tj ET Q q 0 0 0 rg BT 243.18 376.25 Td (. ) Tj ET Q q 0 0 0 rg BT 250.50 376.25 Td (This methodology nets the discounted future fixed cash receipts and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (discounted expected variable cash payments. ) Tj ET Q q 0 0 0 rg BT 234.47 364.25 Td (The discounted variable cash payments are based on expectations of future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (interest rates derived from observable market interest rate curves. In addition, fair value is adjusted for the ef) Tj ET Q q 0 0 0 rg BT 487.43 352.25 Td (fect of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (nonperformance risk by incorporating credit valuation adjustments for Customers and its counterparties. ) Tj ET Q q 0 0 0 rg BT 471.93 340.25 Td (These assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (liabilities are included as Level 2 fair values, based upon the lowest level of input that is significant to the fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (measurements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (The fair values of the residential mortgage loan commitments are derived from the estimated fair values that can be generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (when the underlying mortgage loan is sold in the secondary market. Customers generally uses commitments on hand from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (third-party investors to estimate an exit price and adjusts for the probability of the commitment being exercised based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (Customers' internal experience \(i.e., pull-through rate\). ) Tj ET Q q 0 0 0 rg BT 272.10 256.25 Td (These assets and liabilities are included as Level 3 fair values, based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (upon the lowest level of input that is significant to the fair value measurements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (Derivative assets and liabilities are presented in "Other assets" and "Accrued interest payable and other liabilities" on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (consolidated balance sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 175.25 Td (Off-balance-sheet financial instruments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.25 Td (The fair values of unused commitments to lend and standby letters of credit are considered to be the same as their contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.25 Td (amounts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.25 Td (The following information should not be interpreted as an estimate of Customers' fair value in its entirety because fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.25 Td (calculations are only provided for a limited portion of Customers) Tj ET Q q 0 0 0 rg BT 312.80 109.25 Td ( assets and liabilities. Due to a wide range of valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.25 Td (techniques and the degree of subjectivity used in making these estimates, comparisons between Customers) Tj ET Q q 0 0 0 rg BT 479.15 97.25 Td ( disclosures and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.25 Td (those of other companies may not be meaningful.) Tj ET Q endstream endobj 323 0 obj <> endobj 324 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The estimated fair values of Customers) Tj ET Q q 0 0 0 rg BT 209.49 742.10 Td ( financial instruments were as follows at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.61 742.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.19 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.63 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.63 742.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 644.60 200.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 644.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 644.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 644.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 644.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 644.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 644.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 644.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 644.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 644.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 615.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 615.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 615.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 615.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 615.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 615.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 615.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 615.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 615.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 615.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 585.60 200.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 585.60 53.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 585.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 585.60 56.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 585.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 585.60 61.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 585.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 585.60 61.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 585.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 585.60 64.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 537.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 537.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 537.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 537.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 537.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 537.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 537.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 537.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 537.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 537.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 508.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 508.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 508.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 508.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 508.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 508.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 508.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 508.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 508.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 508.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 478.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 478.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 478.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 478.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 478.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 478.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 478.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 478.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 478.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 478.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 448.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 448.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 448.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 448.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 448.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 448.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 448.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 448.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 448.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 448.60 64.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 718.6 m 428.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 718.6 m 432.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 718.6 m 493.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 718.6 m 497.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 718.6 m 561.5 718.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 657.6 m 303.5 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 657.6 m 363.5 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 657.6 m 428.5 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 657.6 m 493.5 657.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 657.6 m 561.5 657.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.25 669.85 Td (Carrying) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.35 661.85 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 669.85 Td (Estimated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 661.85 Td (Fair ) Tj ET Q q 0 0 0 rg BT 333.24 661.85 Td (V) Tj ET Q q 0 0 0 rg BT 338.13 661.85 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.85 722.85 Td (Fair) Tj ET Q q 0 0 0 rg BT 401.59 722.85 Td (V) Tj ET Q q 0 0 0 rg BT 406.48 722.85 Td (alueMeasurementsatDecember 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.70 709.85 Td (Quoted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.60 701.85 Td (Prices in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.80 693.85 Td (Active) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.70 685.85 Td (Marketsfor) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 677.85 Td (Identical) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.05 669.85 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.70 661.85 Td (\(Level 1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.90 693.85 Td (Significant) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.35 685.85 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.25 677.85 Td (Observable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 669.85 Td (Inputs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.70 661.85 Td (\(Level 2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.40 685.85 Td (Significant) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.75 677.85 Td (Unobservable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.00 669.85 Td (Inputs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.20 661.85 Td (\(Level 3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 648.85 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 635.33 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.17 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 620.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 620.27 Td (146,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 620.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 620.27 Td (146,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 620.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 620.27 Td (146,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 620.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 620.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 620.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 620.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 606.17 Td (Investment securities, available for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 605.27 Td (471,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 605.27 Td (471,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 605.27 Td (3,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 605.27 Td (468,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 605.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 591.17 Td (Loans held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.60 590.27 Td (1,939,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.60 590.27 Td (1,939,659) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 590.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 590.27 Td (1,795,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 590.27 Td (144,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 576.17 Td (Loans receivable, net of allowance for loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.17 Td (losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.60 566.27 Td (6,730,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.60 566.27 Td (6,676,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 566.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 566.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 566.27 Td (6,676,763) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 552.17 Td (FHLB, Federal Reserve Bank and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 542.17 Td (restricted stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 542.27 Td (105,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 542.27 Td (105,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 542.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 542.27 Td (105,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 542.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 528.17 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.15 527.27 Td (9,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 527.27 Td (9,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 527.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 527.27 Td (9,692) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 527.27 Td (60) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 513.33 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 499.17 Td (Deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 498.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.60 498.27 Td (6,800,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 498.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.60 498.27 Td (6,796,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 498.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.60 498.27 Td (4,894,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 498.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 498.27 Td (1,901,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 498.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 498.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 484.17 Td (Federal funds purchased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 483.27 Td (155,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 483.27 Td (155,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 483.27 Td (155,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 483.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 483.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 469.17 Td (FHLB advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.60 468.27 Td (1,61) Tj ET Q q 0 0 0 rg BT 277.10 468.27 Td (1,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.60 468.27 Td (1,61) Tj ET Q q 0 0 0 rg BT 337.10 468.27 Td (1,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 468.27 Td (881,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 468.27 Td (729,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 468.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 454.17 Td (Other borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 453.27 Td (186,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 453.27 Td (193,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 453.27 Td (65,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 453.27 Td (128,485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 453.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 439.17 Td (Subordinated debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 438.27 Td (108,880) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 438.27 Td (1) Tj ET Q q 0 0 0 rg BT 332.15 438.27 Td (15,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 438.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 438.27 Td (1) Tj ET Q q 0 0 0 rg BT 462.15 438.27 Td (15,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 438.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 424.17 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 423.27 Td (10,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 423.27 Td (10,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 423.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 423.27 Td (10,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 423.27 Td () Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 323.60 200.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 323.60 53.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 323.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 323.60 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 323.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 323.60 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 323.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 323.60 61.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 323.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 323.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 296.60 200.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 296.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 296.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 296.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 296.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 296.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 296.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 296.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 296.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 296.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 268.60 200.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 268.60 53.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 268.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 268.60 56.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 268.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 268.60 61.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 268.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 268.60 61.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 268.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 268.60 64.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 219.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 219.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 219.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 219.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 219.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 219.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 219.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 219.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 219.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 219.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 190.60 200.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 190.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 190.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 190.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 190.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 190.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 190.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 190.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 190.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 190.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 162.60 200.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 162.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 162.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 162.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 162.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 162.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 162.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 162.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 162.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 162.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 134.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 134.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 134.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 134.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 134.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 134.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 134.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 134.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 134.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 134.60 64.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 396.6 m 428.5 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 396.6 m 432.5 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 396.6 m 493.5 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 396.6 m 497.5 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 396.6 m 561.5 396.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 335.6 m 303.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 335.6 m 363.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 335.6 m 428.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 335.6 m 493.5 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 335.6 m 561.5 335.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.25 347.85 Td (Carrying) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.35 339.85 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 319.00 347.85 Td (Estimated) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.50 339.85 Td (Fair ) Tj ET Q q 0 0 0 rg BT 333.24 339.85 Td (V) Tj ET Q q 0 0 0 rg BT 338.13 339.85 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.85 400.55 Td (Fair) Tj ET Q q 0 0 0 rg BT 401.59 400.55 Td (V) Tj ET Q q 0 0 0 rg BT 406.48 400.55 Td (alueMeasurementsatDecember 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.70 387.85 Td (Quoted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.60 379.85 Td (Prices in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.80 371.85 Td (Active) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.70 363.85 Td (Marketsfor) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 355.85 Td (Identical) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 387.05 347.85 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.70 339.85 Td (\(Level 1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.90 371.85 Td (Significant) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.35 363.85 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.25 355.85 Td (Observable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 347.85 Td (Inputs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.70 339.85 Td (\(Level 2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 511.40 363.85 Td (Significant) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.75 355.85 Td (Unobservable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.00 347.85 Td (Inputs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.20 339.85 Td (\(Level 3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 327.55 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 314.33 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 301.17 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 301.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 301.17 Td (264,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 301.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 301.17 Td (264,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 301.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 301.17 Td (264,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 301.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 301.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 301.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 301.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 287.17 Td (Investment securities, available for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 287.17 Td (493,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 287.17 Td (493,474) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 287.17 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 287.17 Td (478,228) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 287.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 273.17 Td (Loans held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.60 273.17 Td (2,1) Tj ET Q q 0 0 0 rg BT 272.10 273.17 Td (17,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.60 273.17 Td (2,1) Tj ET Q q 0 0 0 rg BT 332.10 273.17 Td (17,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 273.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 273.17 Td (2,1) Tj ET Q q 0 0 0 rg BT 462.10 273.17 Td (17,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 273.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 259.17 Td (Loans receivable, net of allowance for loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 249.17 Td (losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.60 249.27 Td (6,1) Tj ET Q q 0 0 0 rg BT 272.10 249.27 Td (17,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.60 249.27 Td (6,162,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 249.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 249.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 249.27 Td (6,162,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 235.17 Td (FHLB and Federal Reserve Bank, and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 225.17 Td (restricted stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 224.27 Td (68,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 224.27 Td (68,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 224.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 224.27 Td (68,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 224.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 210.17 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 209.27 Td (10,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 209.27 Td (10,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 209.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 209.27 Td (10,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 209.27 Td (45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 195.33 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 181.17 Td (Deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 181.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.60 181.17 Td (7,303,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 181.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.60 181.17 Td (7,303,663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 181.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.60 181.17 Td (4,472,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 181.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 181.17 Td (2,831,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 181.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 181.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 167.17 Td (Federal funds purchased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 167.17 Td (83,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 167.17 Td (83,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 167.17 Td (83,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 167.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 167.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 153.17 Td (FHLB advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 153.17 Td (868,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 153.17 Td (869,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 153.17 Td (688,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 153.17 Td (180,249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 153.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 139.17 Td (Other borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 139.17 Td (87,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 139.17 Td (91,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 139.17 Td (66,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 139.17 Td (25,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 139.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 125.17 Td (Subordinated debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 124.27 Td (108,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 124.27 Td (1) Tj ET Q q 0 0 0 rg BT 332.15 124.27 Td (1) Tj ET Q q 0 0 0 rg BT 337.15 124.27 Td (1,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 124.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 124.27 Td (1) Tj ET Q q 0 0 0 rg BT 462.15 124.27 Td (1) Tj ET Q q 0 0 0 rg BT 467.15 124.27 Td (1,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 124.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 110.17 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 109.27 Td (14,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 109.27 Td (14,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 109.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 109.27 Td (14,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 109.27 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 325 0 obj <> endobj 326 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (For financial assets and liabilities measured at fair value on a recurring and non-recurring basis, the fair value measurements by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (level within the fair value hierarchy used at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.04 730.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.62 730.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.06 730.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.06 730.10 Td (, were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 643.60 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 643.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 643.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 643.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 643.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 643.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 643.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 643.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 617.60 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 617.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 617.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 617.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 617.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 617.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 617.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 617.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 583.60 252.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 548.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 548.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 521.60 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 521.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 521.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 521.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 521.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 521.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 521.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 521.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 495.60 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 495.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 495.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 495.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 495.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 495.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 495.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 495.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 469.60 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 469.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 469.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 469.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 469.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 469.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 469.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 469.60 55.00 -13.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 448.50 417.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 417.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 417.60 55.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 706.6 m 374.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 706.6 m 378.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 706.6 m 444.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 706.6 m 448.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 706.6 m 503.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 706.6 m 507.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 706.6 m 562.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 656.6 m 374.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 656.6 m 444.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 656.6 m 503.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 656.6 m 562.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 508.6 m 444.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 508.6 m 562.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 508.6 m 374.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 496.6 m 374.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 494.6 m 374.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 496.6 m 444.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 494.6 m 444.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 508.6 m 503.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 496.6 m 503.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 494.6 m 503.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 496.6 m 562.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 494.6 m 562.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 494.6 m 503.5 494.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 496.6 m 503.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 470.6 m 374.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 468.6 m 374.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 470.6 m 444.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 468.6 m 444.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 470.6 m 503.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 468.6 m 503.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 470.6 m 562.5 470.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 468.6 m 562.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 417.6 m 374.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 405.6 m 374.5 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 403.6 m 374.5 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 417.6 m 444.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 405.6 m 444.5 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 403.6 m 444.5 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 417.6 m 503.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 405.6 m 503.5 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 403.6 m 503.5 403.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 417.6 m 562.5 417.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 405.6 m 562.5 405.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 403.6 m 562.5 403.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.55 710.85 Td (December 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.75 697.85 Td (Fair ) Tj ET Q q 0 0 0 rg BT 339.56 697.85 Td (V) Tj ET Q q 0 0 0 rg BT 344.83 697.85 Td (alue Measurements at the End of the Reporting Period Using) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.30 684.85 Td (Quoted Prices in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.55 676.85 Td (ActiveMarkets for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.75 668.85 Td (Identical ) Tj ET Q q 0 0 0 rg BT 342.51 668.85 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.20 660.85 Td (\(Level 1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.30 676.85 Td (Significant Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.75 668.85 Td (Observable Inputs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.20 660.85 Td (\(Level 2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.90 684.85 Td (Significant) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.25 676.85 Td (Unobservable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.50 668.85 Td (Inputs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.70 660.85 Td (\(Level3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 660.85 Td (T) Tj ET Q q 0 0 0 rg BT 530.63 660.85 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 647.85 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 634.33 Td (Measur) Tj ET Q q 0 0 0 rg BT 85.68 634.33 Td (ed at Fair) Tj ET Q q 0 0 0 rg BT 127.15 634.33 Td ( ) Tj ET Q q 0 0 0 rg BT 129.47 634.33 Td (V) Tj ET Q q 0 0 0 rg BT 136.14 634.33 Td (alue on a Recurring Basis) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 621.33 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 608.17 Td (A) Tj ET Q q 0 0 0 rg BT 95.85 608.17 Td (vailable-for) Tj ET Q q 0 0 0 rg BT 142.02 608.17 Td (-sale securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 595.17 Td (Agency-guaranteed residential mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 585.22 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 588.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 588.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 588.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 588.27 Td (183,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 588.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 588.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 588.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 588.27 Td (183,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 574.17 Td (Agency-guaranteed commercial mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 564.22 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 567.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 567.27 Td (238,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 567.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 567.27 Td (238,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 553.17 Td (Corporate notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 553.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 553.17 Td (46,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 553.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 553.17 Td (46,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 539.17 Td (Equity securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 539.17 Td (3,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 539.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 539.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 539.17 Td (3,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 525.17 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 525.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 525.17 Td (9,692) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 525.17 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 525.17 Td (9,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 512.17 Td (Loans held for sale fair value option) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 512.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 512.17 Td (1,795,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 512.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 512.17 Td (1,795,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 499.17 Td (T) Tj ET Q q 0 0 0 rg BT 76.76 499.17 Td (otal assets - recurring fair value measurements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 499.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 499.17 Td (3,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 499.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 499.17 Td (2,273,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 499.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 499.17 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 499.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 499.17 Td (2,276,417) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 486.33 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 473.17 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 473.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 473.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 473.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 473.17 Td (10,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 473.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 473.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 473.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 473.17 Td (10,074) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 460.33 Td (Measur) Tj ET Q q 0 0 0 rg BT 85.59 460.33 Td (ed at Fair) Tj ET Q q 0 0 0 rg BT 127.06 460.33 Td ( ) Tj ET Q q 0 0 0 rg BT 129.38 460.33 Td (V) Tj ET Q q 0 0 0 rg BT 135.69 460.33 Td (alue on a Nonr) Tj ET Q q 0 0 0 rg BT 198.57 460.33 Td (ecurring Basis) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 447.33 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 434.17 Td (Impaired loans, net of specific reserves of $1,451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 434.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 434.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 434.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 434.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 434.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 434.17 Td (13,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 434.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 434.17 Td (13,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 421.17 Td (Other real estate owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 421.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 421.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 421.17 Td (1,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 421.17 Td (1,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 408.17 Td (T) Tj ET Q q 0 0 0 rg BT 76.41 408.17 Td (otal assets - nonrecurring fair value measurements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 408.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 408.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 408.17 Td (15,351) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 408.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 408.17 Td (15,351) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 306.60 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 306.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 306.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 306.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 306.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 306.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 306.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 306.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 280.60 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 280.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 280.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 280.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 280.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 280.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 280.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 280.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 246.60 252.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 246.60 72.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 246.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 246.60 66.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 246.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 246.60 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 246.60 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 246.60 55.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 212.60 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 212.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 212.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 212.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 212.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 212.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 212.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 212.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 186.60 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 186.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 186.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 186.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 186.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 186.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 186.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 186.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 160.60 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 160.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 160.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 160.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 160.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 160.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 160.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 160.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 134.60 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 134.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 134.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 134.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 134.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 134.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 134.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 134.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 108.60 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 108.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 108.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 108.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 108.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 108.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 108.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 108.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 82.60 252.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 82.60 72.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 82.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 82.60 66.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 82.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 82.60 55.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 82.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 82.60 55.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 369.6 m 374.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 369.6 m 378.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 369.6 m 444.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 369.6 m 448.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 369.6 m 503.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 369.6 m 507.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 369.6 m 562.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 319.6 m 374.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 319.6 m 444.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 319.6 m 503.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 319.6 m 562.5 319.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 173.60000000000002 m 374.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 161.60000000000002 m 374.5 161.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 159.60000000000002 m 374.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 173.60000000000002 m 444.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 161.60000000000002 m 444.5 161.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 159.60000000000002 m 444.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 173.60000000000002 m 503.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 161.60000000000002 m 503.5 161.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 159.60000000000002 m 503.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 173.60000000000002 m 562.5 173.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 161.60000000000002 m 562.5 161.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 159.60000000000002 m 562.5 159.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 135.60000000000002 m 374.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 133.60000000000002 m 374.5 133.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 135.60000000000002 m 444.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 133.60000000000002 m 444.5 133.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 135.60000000000002 m 503.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 133.60000000000002 m 503.5 133.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 135.60000000000002 m 562.5 135.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 133.60000000000002 m 562.5 133.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 82.60000000000002 m 374.5 82.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 70.60000000000002 m 374.5 70.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 68.60000000000002 m 374.5 68.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 82.60000000000002 m 444.5 82.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 70.60000000000002 m 444.5 70.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 68.60000000000002 m 444.5 68.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 82.60000000000002 m 503.5 82.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 70.60000000000002 m 503.5 70.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 68.60000000000002 m 503.5 68.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 82.60000000000002 m 562.5 82.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 70.60000000000002 m 562.5 70.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 68.60000000000002 m 562.5 68.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.55 373.85 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.75 360.85 Td (Fair ) Tj ET Q q 0 0 0 rg BT 339.56 360.85 Td (V) Tj ET Q q 0 0 0 rg BT 344.83 360.85 Td (alue Measurements at the End of the Reporting Period Using) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 311.30 347.85 Td (Quoted Prices in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.55 339.85 Td (ActiveMarkets for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.75 331.85 Td (Identical ) Tj ET Q q 0 0 0 rg BT 342.29 331.85 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.20 323.85 Td (\(Level 1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.30 339.85 Td (Significant Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.75 331.85 Td (Observable Inputs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.20 323.85 Td (\(Level 2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.90 347.85 Td (Significant) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.25 339.85 Td (Unobservable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.50 331.85 Td (Inputs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.70 323.85 Td (\(Level 3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 323.85 Td (T) Tj ET Q q 0 0 0 rg BT 530.63 323.85 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 310.85 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 297.33 Td (Measur) Tj ET Q q 0 0 0 rg BT 85.68 297.33 Td (ed at Fair) Tj ET Q q 0 0 0 rg BT 127.15 297.33 Td ( ) Tj ET Q q 0 0 0 rg BT 129.47 297.33 Td (V) Tj ET Q q 0 0 0 rg BT 136.14 297.33 Td (alue on a Recurring Basis) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 284.33 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 271.17 Td (A) Tj ET Q q 0 0 0 rg BT 95.85 271.17 Td (vailable-for) Tj ET Q q 0 0 0 rg BT 142.02 271.17 Td (-sale securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 258.17 Td (Agency-guaranteed residential mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 248.22 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 251.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 251.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 251.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 251.27 Td (231,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 251.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 251.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 251.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 251.27 Td (231,263) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 237.17 Td (Agency-guaranteed commercial mortgage-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 227.22 Td (backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 230.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 230.27 Td (201,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 230.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 230.27 Td (201,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 216.17 Td (Corporate notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 216.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 216.17 Td (45,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 216.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 216.17 Td (45,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 203.17 Td (Equity securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 203.17 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 203.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 203.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 203.17 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 190.17 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 190.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 190.17 Td (10,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 190.17 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 190.17 Td (10,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 177.17 Td (Loans held for sale fair value option) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 177.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 177.17 Td (2,1) Tj ET Q q 0 0 0 rg BT 413.15 177.17 Td (17,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 177.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 177.17 Td (2,1) Tj ET Q q 0 0 0 rg BT 531.10 177.17 Td (17,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 164.17 Td (T) Tj ET Q q 0 0 0 rg BT 64.41 164.17 Td (otal assets - recurring fair value measurements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 164.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 164.17 Td (15,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 164.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 164.17 Td (2,606,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 164.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 164.17 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 164.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 164.17 Td (2,621,848) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 151.33 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 138.17 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 138.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 138.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 138.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 138.17 Td (14,172) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 138.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 138.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 138.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 138.17 Td (14,172) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 125.33 Td (Measur) Tj ET Q q 0 0 0 rg BT 85.59 125.33 Td (ed at Fair) Tj ET Q q 0 0 0 rg BT 127.06 125.33 Td ( ) Tj ET Q q 0 0 0 rg BT 129.38 125.33 Td (V) Tj ET Q q 0 0 0 rg BT 135.69 125.33 Td (alue on a Nonr) Tj ET Q q 0 0 0 rg BT 198.57 125.33 Td (ecurring Basis) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 112.33 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 99.17 Td (Impaired loans, net of specific reserves of $1,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 99.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 99.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 99.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 99.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 99.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 99.17 Td (6,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 99.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 99.17 Td (6,527) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 86.17 Td (Other real estate owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 86.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 86.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 86.17 Td (2,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 86.17 Td (2,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 73.17 Td (T) Tj ET Q q 0 0 0 rg BT 76.41 73.17 Td (otal assets - nonrecurring fair value measurements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 73.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 73.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 73.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 73.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 73.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 73.17 Td (9,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 73.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 73.17 Td (9,258) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 327 0 obj <> endobj 328 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The changes inLevel 3 assets and liabilities measured at fair value on a recurring basis at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 742.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.73 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.17 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.17 742.10 Td (, were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 659.60 353.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 659.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 659.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 659.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 659.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 629.60 353.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 629.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 629.60 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.50 629.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 629.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 704.6 m 482.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 704.6 m 486.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 704.6 m 561.5 704.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 689.6 m 482.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 689.6 m 486.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 689.6 m 561.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 674.6 m 482.5 674.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 674.6 m 486.5 674.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 674.6 m 561.5 674.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 614.6 m 482.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 600.6 m 482.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 598.6 m 482.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 614.6 m 486.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 600.6 m 486.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.5 598.6 m 486.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 614.6 m 561.5 614.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 600.6 m 561.5 600.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 598.6 m 561.5 598.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.10 708.85 Td (For the ) Tj ET Q q 0 0 0 rg BT 452.84 708.85 Td (Y) Tj ET Q q 0 0 0 rg BT 458.07 708.85 Td (ears Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.50 693.85 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.50 693.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.55 678.85 Td (Residential MortgageLoan Commitments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 664.06 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 649.27 Td (Balance at December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 649.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 649.27 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 649.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 649.27 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 634.27 Td (Issuances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.65 634.27 Td (360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 634.27 Td (400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 619.27 Td (Settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.30 619.32 Td (\(345) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 619.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 619.32 Td (\(400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 619.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 604.27 Td (Balance at December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 604.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.65 604.27 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 604.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 604.27 Td (45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.10 Td (Customers' policy is to recognize transfers between fair value levels when events or circumstances warrant transfers. ) Tj ET Q q 0 0 0 rg BT 521.45 576.10 Td (There ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 564.10 Td (were no transfers between levels during the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.30 564.10 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.38 564.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.88 564.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.88 564.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.32 564.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.32 564.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.10 Td (The following table summarizes financial assets and financial liabilities measured at fair value as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 540.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.39 540.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 528.10 Td (, for which Customers utilized Level 3 inputs to measure fair value:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 470.60 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 470.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 470.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 470.60 104.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 470.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 470.60 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 470.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 470.60 104.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 440.60 105.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 440.60 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 440.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 440.60 104.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 440.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 440.60 107.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 440.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 440.60 104.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 504.6 m 235.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 504.6 m 239.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 504.6 m 343.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 504.6 m 347.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 504.6 m 454.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 504.6 m 458.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 504.6 m 562.5 504.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 483.6 m 235.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 483.6 m 343.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 483.6 m 454.5 483.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 483.6 m 562.5 483.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 508.85 Td (QuantitativeInformationaboutLevel3Fair) Tj ET Q q 0 0 0 rg BT 396.35 508.85 Td (V) Tj ET Q q 0 0 0 rg BT 401.61 508.85 Td (alueMeasurements) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 486.580078125 m 117.5 486.580078125 l s q 0 0 0 rg BT 53.00 487.83 Td (December) Tj ET Q q 0 0 0 rg BT 87.50 487.83 Td ( 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.50 495.85 Td (Fair) Tj ET Q q 0 0 0 rg BT 193.31 495.85 Td (V) Tj ET Q q 0 0 0 rg BT 198.58 495.85 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.00 487.85 Td (Estimate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.10 487.85 Td (V) Tj ET Q q 0 0 0 rg BT 263.43 487.85 Td (aluation) Tj ET Q q 0 0 0 rg BT 290.69 487.85 Td (T) Tj ET Q q 0 0 0 rg BT 295.22 487.85 Td (echnique) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.80 487.85 Td (Unobservable Input) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.20 495.85 Td (Range\(W) Tj ET Q q 0 0 0 rg BT 514.21 495.85 Td (eighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.75 487.85 Td (A) Tj ET Q q 0 0 0 rg BT 494.93 487.85 Td (verage\) \(4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 474.85 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 461.17 Td (Impaired loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 460.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.15 460.27 Td (13,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.90 460.27 Td (Collateralappraisal\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.75 460.27 Td (Liquidationexpenses\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 460.27 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 460.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 446.17 Td (Other real estate owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.15 445.27 Td (1,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.90 445.27 Td (Collateralappraisal\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.75 445.27 Td (Liquidationexpenses\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 445.27 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 445.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 431.17 Td (Residential mortgage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 421.17 Td (loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.65 420.27 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 420.27 Td (Adjusted market bid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.45 420.27 Td (Pull-through rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 420.27 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 420.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 401.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 344.20 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 344.20 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 344.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 344.20 104.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 344.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 344.20 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 344.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 344.20 104.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 314.20 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 314.20 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 314.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 314.20 104.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 314.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 314.20 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 314.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 314.20 104.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 378.20000000000005 m 235.5 378.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 378.20000000000005 m 239.5 378.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 378.20000000000005 m 343.5 378.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 378.20000000000005 m 347.5 378.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 378.20000000000005 m 454.5 378.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 378.20000000000005 m 458.5 378.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 378.20000000000005 m 562.5 378.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 155.5 357.20000000000005 m 235.5 357.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 357.20000000000005 m 343.5 357.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 357.20000000000005 m 454.5 357.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 357.20000000000005 m 562.5 357.20000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 382.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.80 382.45 Td (QuantitativeInformationaboutLevel3Fair) Tj ET Q q 0 0 0 rg BT 396.35 382.45 Td (V) Tj ET Q q 0 0 0 rg BT 401.61 382.45 Td (alueMeasurements) Tj ET Q BT /F2 8.00 Tf ET 0 0 0 RG /GS0 gs 0.76 w 0 i [] 0 d 1 J 1 j 3 M 53 360.180078125 m 117.5 360.180078125 l s q 0 0 0 rg BT 53.00 361.43 Td (December) Tj ET Q q 0 0 0 rg BT 87.50 361.43 Td ( 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 178.50 369.45 Td (Fair) Tj ET Q q 0 0 0 rg BT 193.31 369.45 Td (V) Tj ET Q q 0 0 0 rg BT 198.58 369.45 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 181.00 361.45 Td (Estimate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 258.10 361.45 Td (V) Tj ET Q q 0 0 0 rg BT 263.43 361.45 Td (aluation ) Tj ET Q q 0 0 0 rg BT 290.69 361.45 Td (T) Tj ET Q q 0 0 0 rg BT 295.22 361.45 Td (echnique) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.80 361.45 Td (Unobservable Input) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 482.20 369.45 Td (Range\(W) Tj ET Q q 0 0 0 rg BT 514.21 369.45 Td (eighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.75 361.45 Td (A) Tj ET Q q 0 0 0 rg BT 494.93 361.45 Td (verage\)\(4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 348.45 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 334.77 Td (Impaired loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 333.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.15 333.87 Td (1,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.90 333.87 Td (Collateralappraisal\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.75 333.87 Td (Liquidationexpenses\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 333.87 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 333.87 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 319.77 Td (Impaired loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.15 318.87 Td (5,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.65 318.87 Td (Discounted cash flow) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 318.87 Td (Projected cash flows \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.00 318.87 Td (4 times EBIDT) Tj ET Q q 0 0 0 rg BT 552.30 318.87 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 304.77 Td (Other real estate owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.15 303.87 Td (2,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.90 303.87 Td (Collateralappraisal\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.75 303.87 Td (Liquidationexpenses\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 303.87 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 303.87 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 289.77 Td (Residential mortgage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 279.77 Td (loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.65 278.87 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 278.87 Td (Adjusted market bid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.45 278.87 Td (Pull-through rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 278.87 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 278.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 262.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 262.70 Td (Obtained from approved independent appraisers.) Tj ET Q q 0 0 0 rg BT 277.61 262.70 Td (Appraisals are current and in compliance with credit policy) Tj ET Q q 0 0 0 rg BT 514.09 262.70 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 250.70 Td (Customers does not generally discount appraisals.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 238.70 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 238.70 Td (Fair value is adjusted for estimated costs to sell based on a percentage of the value determined by appraisal.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 226.70 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 226.70 Td (Projected cash flows of the business derived using EBITDA) Tj ET Q q 0 0 0 rg BT 320.41 226.70 Td ( \(Earnings Before Interest, ) Tj ET Q q 0 0 0 rg BT 428.79 226.70 Td (T) Tj ET Q q 0 0 0 rg BT 434.20 226.70 Td (axes, Depreciation and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 214.70 Td (Amortization\) multiple based on management's best estimate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 202.70 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 202.70 Td (Presented as a percentage of the value determined by appraisal for impaired loans and other real estate owned.) Tj ET Q endstream endobj 329 0 obj <> endobj 330 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (163) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE 21 DERIV) Tj ET Q q 0 0 0 rg BT 136.78 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 143.26 742.25 Td (TIVE INSTRUMENTS ) Tj ET Q q 0 0 0 rg BT 245.51 742.25 Td (AND HEDGING ) Tj ET Q q 0 0 0 rg BT 319.96 742.25 Td (ACTIVITIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (Risk Management Objectives of Using Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Customers is exposed to certain risks arising from both its business operations and economic conditions. Customers manages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (economic risks, including interest rate, liquidity and credit risk, primarily by managing the amount, sources and durations of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (assets and liabilities. Specifically) Tj ET Q q 0 0 0 rg BT 184.59 670.25 Td (, Customers enters into derivative financial instruments to manage exposures that arise from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (business activities that result in the receipt or payment of future known and uncertain cash amounts, the values of which are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (determined by interest rates. Customers) Tj ET Q q 0 0 0 rg BT 213.66 646.25 Td ( derivative financial instruments are used to manage dif) Tj ET Q q 0 0 0 rg BT 435.62 646.25 Td (ferences in the amount, timing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (and duration of Customers) Tj ET Q q 0 0 0 rg BT 158.96 634.25 Td ( known or expected cash receipts and its known or expected cash payments principally related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (certain borrowings. Customers also has interest-rate derivatives resulting from a service provided to certain qualifying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (customers, and therefore, they are not used to manage Customers) Tj ET Q q 0 0 0 rg BT 313.34 610.25 Td ( interest-rate risk in assets or liabilities. Customers manages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (a matched book with respect to its derivative instruments used in this customer service in order to minimize its net risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (exposure resulting from such transactions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (Cash Flow Hedges of Inter) Tj ET Q q 0 0 0 rg BT 163.70 556.25 Td (est-Rate Risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (Customers) Tj ET Q q 0 0 0 rg BT 95.37 538.25 Td ( objectives in using interest-rate derivatives are to add stability to interest expense and to manage exposure to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (interest rate movements. ) Tj ET Q q 0 0 0 rg BT 152.84 526.25 Td (T) Tj ET Q q 0 0 0 rg BT 158.25 526.25 Td (o accomplish this objective, Customers sometimes uses interest rate swaps as part of its interest-rate-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (risk management strategy) Tj ET Q q 0 0 0 rg BT 152.09 514.25 Td (. Interest-rate swaps designated as cash flow hedges involve the receipt of variable amounts from a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (counterparty in exchange for Customers making fixed-rate payments over the life of the agreements without exchange of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (underlying notional amount. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (The ef) Tj ET Q q 0 0 0 rg BT 75.63 466.25 Td (fective portion of changes in the fair value of derivatives designated and qualifying as cash flow hedges is recorded in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (accumulated other comprehensive income and is subsequently reclassified into earnings in the period that the hedged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (forecasted transaction af) Tj ET Q q 0 0 0 rg BT 147.54 442.25 Td (fects earnings. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.13 442.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.13 442.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.57 442.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.57 442.25 Td (, such derivatives were used to hedge the variable cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (associated with the forecasted issuances of debt. ) Tj ET Q q 0 0 0 rg BT 247.81 430.25 Td (The inef) Tj ET Q q 0 0 0 rg BT 281.22 430.25 Td (fective portion of the change in fair value of the derivatives is to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (recognized directly in earnings. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.89 418.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.89 418.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.33 418.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.33 418.25 Td (, Customers did not record any hedge inef) Tj ET Q q 0 0 0 rg BT 438.88 418.25 Td (fectiveness.) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 50.00 408.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.05 Td (Amounts reported in accumulated other comprehensive income related to derivatives will be reclassified to interest expense as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.05 Td (interest payments are made on Customers) Tj ET Q q 0 0 0 rg BT 219.49 384.05 Td ( variable-rate debt. Customers expects to reclassify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.58 384.05 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.47 384.05 Td ( from accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.05 Td (other comprehensive income to interest expense during the next 12 months. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.05 Td (Customers is hedging its exposure to the variability in future cash flows for forecasted transactions over a maximum period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.05 Td (24 months \(excluding forecasted transactions related to the payment of variable interest on existing financial instruments\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.05 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 312.05 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 312.05 Td (, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.30 312.05 Td (nine) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.52 312.05 Td ( outstanding interest rate derivatives with notional amounts totaling $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.96 312.05 Td (550.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.86 312.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.05 Td (that were designated as cash flow hedges of interest-rate risk. ) Tj ET Q q 0 0 0 rg BT 299.91 300.05 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.41 300.05 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 300.05 Td (, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.21 300.05 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.87 300.05 Td ( outstanding interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.05 Td (rate derivatives with notional amounts totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.85 288.05 Td ($325.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.74 288.05 Td ( that were designated as cash flow hedges of interest-rate risk. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.05 Td (The hedges expire between January 2018 and ) Tj ET Q q 0 0 0 rg BT 234.10 276.05 Td (April 2019.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 246.05 Td (Derivatives Not Designated as Hedging Instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.05 Td (Customers executes interest rate swaps with commercial banking customers to facilitate the customer's respective risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.05 Td (management strategies \(typically the loan customers will swap a floating-rate loan to a fixed-rate loan\). ) Tj ET Q q 0 0 0 rg BT 468.28 216.05 Td (The customer interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.05 Td (rate swaps are simultaneously of) Tj ET Q q 0 0 0 rg BT 180.34 204.05 Td (fset by interest rate swaps that Customers executes with a third party in order to minimize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.05 Td (interest-rate risk exposure resulting from such transactions. Because the interest rate swaps associated with this program do not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 180.05 Td (meet the hedge accounting requirements, changes in the fair value of both the customer swaps and the of) Tj ET Q q 0 0 0 rg BT 468.56 180.05 Td (fsetting third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.05 Td (market swaps are recognized directly in earnings. ) Tj ET Q q 0 0 0 rg BT 252.42 168.05 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.92 168.05 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.51 168.05 Td (, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.72 168.05 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.72 168.05 Td ( interest rate swaps with an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.05 Td (aggregate notional amount of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.96 156.05 Td (800.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.85 156.05 Td ( related to this program. ) Tj ET Q q 0 0 0 rg BT 329.11 156.05 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.61 156.05 Td (December31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.19 156.05 Td (, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.41 156.05 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.41 156.05 Td ( interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.05 Td (swaps with an aggregate notional amount of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.12 144.05 Td (716.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.01 144.05 Td ( related to this program. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.05 Td (Customers enters into residential mortgage loan commitments in connection with its consumer mortgage banking activities to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.05 Td (fund mortgage loans at specified rates and times in the future. ) Tj ET Q q 0 0 0 rg BT 301.68 108.05 Td (These commitments are short-term in nature and generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.05 Td (expire in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.76 96.05 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.76 96.05 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.54 96.05 Td (60 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.37 96.05 Td (. ) Tj ET Q q 0 0 0 rg BT 148.69 96.05 Td (The residential mortgage loan commitments that relate to the origination of mortgage loans that will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.05 Td (held for sale are considered derivative instruments under applicable accounting guidance and are reported at fair value, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.05 Td (changes in fair value recorded directly in earnings. ) Tj ET Q q 0 0 0 rg BT 257.14 72.05 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.64 72.05 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.22 72.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.66 72.05 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.66 72.05 Td (, Customers had an outstanding notional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.05 Td (balance of residential mortgage loan commitments of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.76 60.05 Td (2.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 60.05 Td ( and $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.09 60.05 Td (3.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.98 60.05 Td (, respectively) Tj ET Q q 0 0 0 rg BT 435.64 60.05 Td (.) Tj ET Q endstream endobj 331 0 obj <> endobj 332 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (164) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Customers has also purchased and sold credit derivatives to either hedge or participate in the performance risk associated with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (some of its counterparties. ) Tj ET Q q 0 0 0 rg BT 160.35 730.10 Td (These derivatives are not designated as hedging instruments and are reported at fair value, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (changes in fair value reported directly in earnings. ) Tj ET Q q 0 0 0 rg BT 255.48 718.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.98 718.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.56 718.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.00 718.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.00 718.10 Td (, Customers had an outstanding notional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (balance of credit derivatives of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.33 706.10 Td ($80.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.22 706.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.66 706.10 Td ($44.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.55 706.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 356.21 706.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (Fair) Tj ET Q q 0 0 0 rg BT 68.14 676.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.46 676.10 Td (V) Tj ET Q q 0 0 0 rg BT 76.77 676.10 Td (alue of Derivative Instruments on the Balance Sheet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (The following table presents the fair value of Customers) Tj ET Q q 0 0 0 rg BT 278.08 658.10 Td ( derivative financial instruments as well as their presentation on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (consolidated balance sheets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.73 646.10 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.31 646.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.75 646.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.75 646.10 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 631.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 549.20 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 549.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 549.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 549.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 549.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 549.20 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 549.20 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 549.20 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 549.20 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 519.20 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 519.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 519.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 519.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 519.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 519.20 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 519.20 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 519.20 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 519.20 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 489.20 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 489.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 489.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 489.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 489.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 489.20 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 489.20 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 489.20 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 489.20 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 459.20 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 459.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 459.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 459.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 459.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 459.20 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 459.20 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 459.20 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 459.20 69.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 606.2 m 340.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 606.2 m 347.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 606.2 m 402.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 606.2 m 414.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 606.2 m 485.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 606.2 m 493.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 606.2 m 562.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 591.2 m 340.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 591.2 m 347.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 591.2 m 402.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 606.2 m 485.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 591.2 m 485.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 606.2 m 493.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 591.2 m 493.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 606.2 m 562.5 606.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 591.2 m 562.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 591.2 m 485.5 591.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 561.2 m 340.5 561.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 561.2 m 402.5 561.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 561.2 m 485.5 561.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 561.2 m 562.5 561.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 519.2 m 562.5 519.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 519.2 m 402.5 519.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 505.2 m 402.5 505.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 503.2 m 402.5 503.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 505.2 m 562.5 505.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 503.2 m 562.5 503.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 444.2 m 402.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 430.2 m 402.5 430.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 428.2 m 402.5 428.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 444.2 m 562.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 430.2 m 562.5 430.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 428.2 m 562.5 428.2 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.10 610.66 Td (December 31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.85 595.66 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 345.83 595.66 Td (Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.60 595.66 Td (Derivative Liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.85 580.66 Td (Balance Sheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.85 580.66 Td (Balance Sheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.50 565.66 Td (Location) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.95 565.66 Td (Fair ) Tj ET Q q 0 0 0 rg BT 372.62 565.66 Td (V) Tj ET Q q 0 0 0 rg BT 378.54 565.66 Td (alue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.50 565.66 Td (Location) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.95 565.66 Td (Fair ) Tj ET Q q 0 0 0 rg BT 525.53 565.66 Td (V) Tj ET Q q 0 0 0 rg BT 531.04 565.66 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 553.15 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 538.87 Td (Derivatives designated as cash flow hedges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.87 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 523.87 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 523.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 523.87 Td (816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 523.87 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 523.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 523.87 Td (1,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 508.87 Td ( ) Tj ET Q q 0 0 0 rg BT 77.91 508.87 Td (T) Tj ET Q q 0 0 0 rg BT 83.58 508.87 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 508.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 508.87 Td (816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 508.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 508.87 Td (1,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 493.87 Td (Derivatives not designated as hedging instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 478.87 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 478.87 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 478.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 478.87 Td (8,776) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 478.87 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 478.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 478.87 Td (8,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 463.87 Td ( Credit contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 463.87 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 463.87 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 463.87 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 463.87 Td (37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 448.87 Td ( Residential mortgage loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 448.87 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 448.87 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 448.87 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 448.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 433.87 Td ( ) Tj ET Q q 0 0 0 rg BT 77.82 433.87 Td (T) Tj ET Q q 0 0 0 rg BT 83.23 433.87 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 433.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.15 433.87 Td (8,936) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 433.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 433.87 Td (8,934) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 347.80 216.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 347.80 7.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 347.80 67.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 347.80 7.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 347.80 55.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 347.80 12.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 347.80 71.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 347.80 8.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 347.80 69.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 313.80 216.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 313.80 7.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 313.80 67.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 313.80 7.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 313.80 55.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 313.80 12.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 313.80 71.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 313.80 8.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 313.80 69.00 -17.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 279.80 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 279.80 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 279.80 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 279.80 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 279.80 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 279.80 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 279.80 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 279.80 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 279.80 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 251.80 216.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 251.80 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 251.80 67.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 340.50 251.80 7.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 251.80 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 402.50 251.80 12.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 414.50 251.80 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 251.80 8.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 251.80 69.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 392.79999999999995 m 340.5 392.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 392.79999999999995 m 347.5 392.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 392.79999999999995 m 402.5 392.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 402.5 392.79999999999995 m 414.5 392.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 392.79999999999995 m 485.5 392.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 392.79999999999995 m 493.5 392.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 392.79999999999995 m 562.5 392.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 380.79999999999995 m 340.5 380.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 340.5 380.79999999999995 m 347.5 380.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 380.79999999999995 m 402.5 380.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 380.79999999999995 m 485.5 380.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 380.79999999999995 m 493.5 380.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 380.79999999999995 m 562.5 380.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 359.79999999999995 m 340.5 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 359.79999999999995 m 402.5 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 414.5 359.79999999999995 m 485.5 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 359.79999999999995 m 562.5 359.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 313.79999999999995 m 402.5 313.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 297.79999999999995 m 402.5 297.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 295.79999999999995 m 402.5 295.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 313.79999999999995 m 562.5 313.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 297.79999999999995 m 562.5 297.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 295.79999999999995 m 562.5 295.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 237.79999999999995 m 402.5 237.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 237.79999999999995 m 562.5 237.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 237.79999999999995 m 402.5 237.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 224.79999999999995 m 402.5 224.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 222.79999999999995 m 402.5 222.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 237.79999999999995 m 562.5 237.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 224.79999999999995 m 562.5 224.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 222.79999999999995 m 562.5 222.79999999999995 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 396.75 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 382.10 396.06 Td (December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 384.75 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 305.85 384.06 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 345.83 384.06 Td (Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.60 384.06 Td (Derivative Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 364.05 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.85 372.06 Td (BalanceSheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.50 363.06 Td (Location) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 355.95 364.26 Td (Fair) Tj ET Q q 0 0 0 rg BT 372.62 364.26 Td (V) Tj ET Q q 0 0 0 rg BT 378.54 364.26 Td (alue) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.85 372.06 Td (Balance Sheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.50 363.06 Td (Location) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 508.95 364.26 Td (Fair) Tj ET Q q 0 0 0 rg BT 525.53 364.26 Td (V) Tj ET Q q 0 0 0 rg BT 531.04 364.26 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 351.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 338.37 Td (Derivatives designated as cash flow hedges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 321.37 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 318.47 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 318.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 318.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.00 318.47 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 318.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 318.47 Td (3,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 304.37 Td ( ) Tj ET Q q 0 0 0 rg BT 77.91 304.37 Td (T) Tj ET Q q 0 0 0 rg BT 83.58 304.37 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 301.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 301.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 301.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 301.47 Td (3,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 287.37 Td (Derivatives not designated as hedging instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 270.37 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 270.37 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 270.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 270.37 Td (10,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.25 270.37 Td (Otherliabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 270.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 270.37 Td (10,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 256.37 Td ( Credit contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 256.37 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 256.37 Td (136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.25 256.37 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 256.37 Td (1) Tj ET Q q 0 0 0 rg BT 553.65 256.37 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 242.37 Td (Residential mortgage loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 242.37 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 242.37 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.25 242.37 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 242.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 228.37 Td (T) Tj ET Q q 0 0 0 rg BT 94.41 228.37 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.00 228.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.15 228.37 Td (10,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 228.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 228.37 Td (10,548) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 333 0 obj <> endobj 334 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (165) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Effect of Derivative Instruments on Compr) Tj ET Q q 0 0 0 rg BT 233.95 742.25 Td (ehensive Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (The following table presents the ef) Tj ET Q q 0 0 0 rg BT 188.94 724.25 Td (fect of Customers' derivative financial instruments on comprehensive income for the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 712.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 712.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.96 712.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.96 712.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.40 712.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.40 712.25 Td (. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 650.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 650.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 650.75 125.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 621.75 231.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 621.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 621.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 591.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 591.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 591.75 125.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 683.75 m 436.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 683.75 m 561.5 683.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 662.75 m 436.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 662.75 m 561.5 662.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 591.75 m 561.5 591.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 591.75 m 561.5 591.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 578.75 m 561.5 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 576.75 m 561.5 576.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 687.70 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.25 687.01 Td (For the ) Tj ET Q q 0 0 0 rg BT 377.08 687.01 Td (Y) Tj ET Q q 0 0 0 rg BT 382.96 687.01 Td (ear Ended December 31, 2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 667.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.25 667.21 Td (Income Statement Location) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 675.01 Td (AmountofIncome) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.50 666.01 Td (RecognizedinEarnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 654.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 641.32 Td (Derivatives not designated as hedging instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 627.32 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 626.42 Td (Other non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 626.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 626.42 Td (604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 612.32 Td ( Credit contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 611.42 Td (Other non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 611.42 Td (171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 597.32 Td ( Residential mortgage loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.20 596.42 Td (Mortgage banking income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 596.42 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 582.32 Td ( ) Tj ET Q q 0 0 0 rg BT 88.82 582.32 Td (T) Tj ET Q q 0 0 0 rg BT 94.23 582.32 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 582.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 582.32 Td (790) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 504.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 504.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 504.75 125.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 475.75 231.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 475.75 156.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 475.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 445.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 445.75 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 445.75 125.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 537.75 m 437.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 537.75 m 562.5 537.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 516.75 m 437.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 516.75 m 562.5 516.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 445.75 m 562.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 445.75 m 562.5 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 432.75 m 562.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 430.75 m 562.5 430.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 541.70 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.25 541.01 Td (For the ) Tj ET Q q 0 0 0 rg BT 378.08 541.01 Td (Y) Tj ET Q q 0 0 0 rg BT 383.96 541.01 Td (ear Ended December 31, 2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 521.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 309.25 521.21 Td (Income Statement Location) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.25 529.01 Td (AmountofIncome) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.50 520.01 Td (RecognizedinEarnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 508.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 495.32 Td (Derivatives not designated as hedging instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 481.32 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.50 480.42 Td (Other non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 480.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 480.42 Td (2,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 466.32 Td (Credit contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.50 465.42 Td (Other non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 465.42 Td (163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 451.32 Td ( Residential mortgage loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.20 450.42 Td (Mortgage banking income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 450.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 436.32 Td (T) Tj ET Q q 0 0 0 rg BT 94.41 436.32 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 436.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 436.32 Td (3,1) Tj ET Q q 0 0 0 rg BT 548.65 436.32 Td (18) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 352.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 352.75 155.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 352.75 125.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 323.75 231.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 323.75 155.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 323.75 125.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 293.75 231.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.00 293.75 155.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.00 293.75 125.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 385.75 m 436 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 385.75 m 561 385.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 364.75 m 436 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 364.75 m 561 364.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 293.75 m 561 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 293.75 m 561 293.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 280.75 m 561 280.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436 278.75 m 561 278.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 389.70 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.25 389.01 Td (For the ) Tj ET Q q 0 0 0 rg BT 377.08 389.01 Td (Y) Tj ET Q q 0 0 0 rg BT 382.96 389.01 Td (ear Ended December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 369.00 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.25 369.21 Td (Income Statement Location) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.10 377.01 Td (AmountofIncome\(Loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 455.00 368.01 Td (RecognizedinEarnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 356.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 343.32 Td (Derivatives not designated as hedging instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 329.32 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 328.42 Td (Other non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.50 328.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 328.42 Td (1,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 314.32 Td (Credit contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 313.42 Td (Other non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.80 313.47 Td (\(15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 313.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 299.32 Td ( Residential mortgage loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.20 298.42 Td (Mortgage banking income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.15 298.42 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 284.32 Td ( ) Tj ET Q q 0 0 0 rg BT 89.32 284.32 Td (T) Tj ET Q q 0 0 0 rg BT 94.73 284.32 Td (otal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.50 284.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 284.32 Td (1,876) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 140.75 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 140.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 140.75 106.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 140.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 140.75 94.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 140.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 140.75 105.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 230.75 m 354.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 230.75 m 358.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 230.75 m 452.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 230.75 m 456.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 230.75 m 561.5 230.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 155.75 m 354.5 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 155.75 m 452.5 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 155.75 m 561.5 155.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 111.75 m 354.5 111.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 109.75 m 354.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 111.75 m 561.5 111.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 109.75 m 561.5 109.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.25 235.21 Td (For the ) Tj ET Q q 0 0 0 rg BT 361.08 235.21 Td (Y) Tj ET Q q 0 0 0 rg BT 366.96 235.21 Td (ear Ended December 31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.25 220.21 Td (Location 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0 d 0 J 0 j 3 M 456.5 733.5 m 561.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 658.5 m 354.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 658.5 m 452.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 658.5 m 561.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 614.5 m 354.5 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 612.5 m 354.5 612.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 614.5 m 561.5 614.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 612.5 m 561.5 612.5 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.25 737.96 Td (For the ) Tj ET Q q 0 0 0 rg BT 361.08 737.96 Td (Y) Tj ET Q q 0 0 0 rg BT 366.96 737.96 Td (ear Ended December 31, 2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.25 722.96 Td (Location of Gain) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.25 722.96 Td (Amount of Loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.75 707.96 Td (Amount of Loss) Tj ET Q BT /F1 9.00 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(Portion\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 647.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 633.17 Td (Derivative in cash flow hedging relationship:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 618.17 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.00 618.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.30 618.22 Td (\(629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 618.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 618.17 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 618.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 618.22 Td (\(1,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 618.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 486.50 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 486.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 486.50 106.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 486.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 486.50 94.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 486.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 486.50 105.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 576.5 m 354.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 576.5 m 358.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 576.5 m 452.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 576.5 m 456.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 576.5 m 561.5 576.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 501.5 m 354.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 501.5 m 452.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 501.5 m 561.5 501.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 457.5 m 354.5 457.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 455.5 m 354.5 455.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 457.5 m 561.5 457.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 456.5 455.5 m 561.5 455.5 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.25 580.96 Td (For the ) Tj ET Q q 0 0 0 rg BT 361.08 580.96 Td (Y) Tj ET Q q 0 0 0 rg BT 366.96 580.96 Td (ear Ended December 31, 2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.25 565.96 Td (Location of Gain) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.35 565.96 Td (Amount of Gain \(Loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 271.75 550.96 Td (Amount of Loss) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 370.35 550.96 Td (\(Loss\) Reclassified) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.60 550.96 Td (Reclassified from) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 260.60 535.96 Td (Recognized in OCI on) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.35 535.96 Td (from ) Tj ET Q q 0 0 0 rg BT 390.85 535.96 Td (Accumulated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 467.50 535.96 Td (Accumulated OCI into) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 261.20 520.96 Td (Derivatives \(Ef) Tj ET Q q 0 0 0 rg BT 316.34 520.96 Td (fective) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.50 520.96 Td (OCI into Income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.95 520.96 Td (Income \(Ef) Tj ET Q q 0 0 0 rg BT 516.60 520.96 Td (fective) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.85 505.96 Td (Portion\) \(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.20 505.96 Td (\(Ef) Tj ET Q q 0 0 0 rg BT 382.61 505.96 Td (fective Portion\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 493.70 505.96 Td (Portion\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 490.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 476.17 Td (Derivative in cash flow hedging relationship:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 461.17 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.00 461.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.80 461.22 Td (\(1,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 461.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 461.17 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.00 461.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 461.17 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.00 Td ( \(1\) ) Tj ET Q q 0 0 0 rg BT 68.61 445.00 Td (Amounts presented are net of taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 415.00 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 415.00 Td (edit-risk-r) Tj ET Q q 0 0 0 rg BT 105.18 415.00 Td (elated Contingent Featur) Tj ET Q q 0 0 0 rg BT 212.20 415.00 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.00 Td (By entering into derivative contracts, Customers is exposed to credit risk. ) Tj ET Q q 0 0 0 rg BT 348.64 397.00 Td (The credit risk associated with derivatives executed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.00 Td (with customers is the same as that involved in extending the related loans and is subject to the same standard credit policies. ) Tj ET Q q 0 0 0 rg BT 551.36 385.00 Td (T) Tj ET Q q 0 0 0 rg BT 556.77 385.00 Td (o ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.00 Td (mitigate the credit-risk exposure to major derivative dealer counterparties, Customers only enters into agreements with those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.00 Td (counterparties that maintain credit ratings of high quality) Tj ET Q q 0 0 0 rg BT 277.34 361.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.00 Td (Agreements with major derivative dealer counterparties contain provisions whereby default on any of Customers' indebtedness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.00 Td (would be considered a default on its derivative obligations. Customers also has entered into agreements that contain provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.00 Td (under which the counterparty could require Customers to settle its obligations if Customers fails to maintain its status as a well/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.00 Td (adequately capitalized institution. ) Tj ET Q q 0 0 0 rg BT 189.13 301.00 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.57 301.00 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.15 301.00 Td (, the fair value of derivatives in a net liability position \(which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.00 Td (includes accrued interest but excludes any adjustment for nonperformance-risk\) related to these agreements was $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.38 289.00 Td (4.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.27 289.00 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.00 Td (In addition, Customers has collateral posting thresholds with certain of these counterparties and at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.62 277.00 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.20 277.00 Td (, had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.00 Td (posted $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.61 265.00 Td (4.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.50 265.00 Td ( of cash as collateral. Customers records cash posted as collateral as a reduction in the outstanding balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.00 Td (of cash and cash equivalents and an increase in the balance of other assets.) Tj ET Q endstream endobj 337 0 obj <> endobj 338 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (167) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 89.82 742.25 Td (es about Offsetting ) Tj ET Q q 0 0 0 rg BT 172.32 742.25 Td (Assets and Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (The following tables present derivative instruments that are subject to enforceable master netting arrangements. Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (interest rate swaps with institutional counterparties are subject to master netting arrangements and are included in the table ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (below) Tj ET Q q 0 0 0 rg BT 73.79 700.25 Td (. Interest rate swaps with commercial banking customers and residential mortgage loan commitments are not subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (master netting arrangements and are excluded from the table below) Tj ET Q q 0 0 0 rg BT 318.41 688.25 Td (. Customers has not made a policy election to of) Tj ET Q q 0 0 0 rg BT 513.46 688.25 Td (fset its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (derivative positions.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 508.75 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 508.75 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 508.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 508.75 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 508.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 508.75 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 508.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 508.75 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 508.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 508.75 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 508.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 508.75 39.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 619.75 m 250.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 619.75 m 254.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 619.75 m 322.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 619.75 m 326.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 619.75 m 393.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 619.75 m 397.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 619.75 m 461.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 619.75 m 465.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 619.75 m 519.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 619.75 m 523.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 619.75 m 562.5 619.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 598.75 m 461.5 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 598.75 m 465.5 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 598.75 m 519.5 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 598.75 m 523.5 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 598.75 m 562.5 598.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 521.75 m 250.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 521.75 m 322.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 521.75 m 393.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 521.75 m 461.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 521.75 m 519.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 521.75 m 562.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 459.75 m 250.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 457.75 m 250.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 459.75 m 322.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 457.75 m 322.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 459.75 m 393.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 457.75 m 393.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 459.75 m 461.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 457.75 m 461.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 459.75 m 519.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 457.75 m 519.5 457.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 459.75 m 562.5 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 457.75 m 562.5 457.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.70 638.21 Td (Of) Tj ET Q q 0 0 0 rg BT 288.12 638.21 Td (fsetting of Financial ) Tj ET Q q 0 0 0 rg BT 362.52 638.21 Td (Assets and Derivative ) Tj ET Q q 0 0 0 rg BT 443.25 638.21 Td (Assets at) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.60 624.21 Td (December 31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.80 611.01 Td (Gross ) Tj ET Q q 0 0 0 rg BT 449.55 611.01 Td (Amounts Not Of) Tj ET Q q 0 0 0 rg BT 509.89 611.01 Td (fset in) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.35 602.01 Td (the Consolidated Balance Sheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 213.45 553.21 Td (Gross ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 204.35 544.21 Td (Amount of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 202.75 535.21 Td (Recognized ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.20 526.21 Td (Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 280.45 571.21 Td (Gross) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 274.45 562.21 Td (Amounts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 268.55 553.21 Td (Of) Tj ET Q q 0 0 0 rg BT 277.88 553.21 Td (fset in the) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 267.25 544.21 Td (Consolidated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.50 535.21 Td (Balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.00 526.21 Td (Sheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 356.00 589.21 Td (Net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.10 580.21 Td (Amounts of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.70 571.21 Td (Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 345.00 562.21 Td (Presented) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 352.35 553.21 Td (in the) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.75 544.21 Td (Consolidated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 348.00 535.21 Td (Balance) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 352.50 526.21 Td (Sheet) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 415.25 535.21 Td (Financial) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.75 526.21 Td (Instruments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 486.00 544.21 Td (Cash) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.25 535.21 Td (Collateral) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.25 526.21 Td (Received) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.00 535.21 Td (Net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.70 526.21 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 513.00 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 499.32 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 484.32 Td (Interest rate swap derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 474.32 Td (with institutional) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 464.32 Td (counterparties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.15 463.42 Td (5,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 463.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.15 463.42 Td (5,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 463.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 463.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.15 463.42 Td (5,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 463.42 Td ($) Tj 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10.00 Tf ET q 0 0 0 rg BT 500.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 472.42 Td (50,721) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 438.25 Td (Statements of Cash Flows) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 390.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 390.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 390.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 390.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 390.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.75 309.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 351.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 351.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 351.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 351.75 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 351.75 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 314.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 314.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 314.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 314.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 314.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 314.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 286.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 286.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 286.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 286.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 286.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 286.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 259.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 259.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 259.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 259.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 259.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 259.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 231.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 231.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 231.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 231.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 231.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 231.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 204.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 204.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 204.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 204.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 204.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 204.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 176.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 176.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 176.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 176.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 176.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 176.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 148.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 148.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 148.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 148.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 148.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 148.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 120.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 120.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 120.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 120.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 120.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 120.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 92.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 92.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 92.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 92.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 92.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 92.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 415.75 m 424.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 415.75 m 428.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 415.75 m 493.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 415.75 m 497.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 415.75 m 562.5 415.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 403.75 m 424.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 403.75 m 493.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 403.75 m 562.5 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 286.75 m 424.5 286.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 286.75 m 493.5 286.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 286.75 m 562.5 286.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 272.75 m 424.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 272.75 m 493.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 272.75 m 562.5 272.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 231.75 m 424.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 231.75 m 493.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 231.75 m 562.5 231.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 217.75 m 424.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 217.75 m 493.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 217.75 m 562.5 217.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 120.75 m 424.5 120.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 120.75 m 493.5 120.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 120.75 m 562.5 120.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 106.75 m 424.5 106.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 106.75 m 493.5 106.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 106.75 m 562.5 106.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 78.75 m 424.5 78.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 78.75 m 493.5 78.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 78.75 m 562.5 78.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 65.75 m 424.5 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 63.75 m 424.5 63.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 65.75 m 493.5 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 63.75 m 493.5 63.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 65.75 m 562.5 65.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 63.75 m 562.5 63.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 419.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.60 419.70 Td (For the ) Tj ET Q q 0 0 0 rg BT 429.34 419.70 Td (Y) Tj ET Q q 0 0 0 rg BT 434.57 419.70 Td (ears Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 407.70 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 407.70 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 407.70 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 407.70 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 394.48 Td (Cash Flows fr) Tj ET Q q 0 0 0 rg BT 112.35 394.48 Td (om Operating ) Tj ET Q q 0 0 0 rg BT 174.20 394.48 Td (Activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 381.32 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 381.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 381.32 Td (78,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 381.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 381.32 Td (78,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 381.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 381.32 Td (58,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 367.32 Td (Adjustments to reconcile net income to net cash provided by operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 357.32 Td (activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 342.32 Td (Equity in undistributed earnings of subsidiaries, net of dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 332.32 Td (received from Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 333.47 Td (\(46,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 333.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 333.47 Td (\(59,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 333.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 333.47 Td (\(46,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 333.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 319.32 Td (Loss on sale of available for sale investment securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 319.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 319.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 319.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 305.32 Td (\(Increase\) decrease in other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 305.32 Td (7,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 305.37 Td (\(7,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 305.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 305.32 Td (2,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 291.32 Td (Increase \(decrease\) in other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 291.37 Td (\(1,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 291.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 291.32 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 291.37 Td (\(1) Tj ET Q q 0 0 0 rg BT 548.63 291.37 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 291.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 277.48 Td (Net Cash Pr) Tj ET Q q 0 0 0 rg BT 105.12 277.48 Td (ovided By Operating ) Tj ET Q q 0 0 0 rg BT 196.15 277.48 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 277.32 Td (38,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 277.32 Td (1) Tj ET Q q 0 0 0 rg BT 467.15 277.32 Td (1,271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 277.32 Td (13,979) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 263.48 Td (Cash Flows fr) Tj ET Q q 0 0 0 rg BT 112.35 263.48 Td (om Investing ) Tj ET Q q 0 0 0 rg BT 169.77 263.48 Td (Activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 250.32 Td (Proceeds from sales of investment securities available for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 250.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 250.32 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 250.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 236.32 Td (Payments for investments in and advances to subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 236.37 Td (\(98,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 236.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 236.37 Td (\(230,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 236.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 236.37 Td (\(30,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 236.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 222.48 Td (Net Cash Used in Investing ) Tj ET Q q 0 0 0 rg BT 170.80 222.48 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 222.37 Td (\(98,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 222.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 222.37 Td (\(230,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 222.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 222.37 Td (\(30,036) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 222.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 208.48 Td (Cash Flows fr) Tj ET Q q 0 0 0 rg BT 112.35 208.48 Td (om Financing ) Tj ET Q q 0 0 0 rg BT 173.10 208.48 Td (Activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 195.32 Td (Proceeds from issuance of common stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 195.32 Td (2,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 195.32 Td (70,985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 195.32 Td (904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 181.32 Td (Proceeds from issuance of preferred stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 181.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 181.32 Td (161,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 181.32 Td (55,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 167.32 Td (Proceeds from issuance of long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 167.32 Td (98,564) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 167.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 167.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 153.32 Td (Exercise and redemption of warrants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 153.32 Td (1,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 153.32 Td (1,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 153.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 139.32 Td (Payments of employee taxes withheld from share-based awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 139.37 Td (\(14,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 139.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 139.37 Td (\(5,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 139.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 139.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 125.32 Td (Preferred stock dividends paid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 125.37 Td (\(14,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 125.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 125.37 Td (\(9,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 125.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 125.37 Td (\(2,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 125.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 111.48 Td (Net Cash Pr) Tj ET Q q 0 0 0 rg BT 105.12 111.48 Td (ovided by Financing ) Tj ET Q q 0 0 0 rg BT 193.94 111.48 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 111.32 Td (73,1) Tj ET Q q 0 0 0 rg BT 410.65 111.32 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 111.32 Td (219,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 111.32 Td (54,159) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 97.48 Td (Net Incr) Tj ET Q q 0 0 0 rg BT 88.73 97.48 Td (ease \(Decr) Tj ET Q q 0 0 0 rg BT 132.69 97.48 Td (ease\) in Cash and Cash Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 97.32 Td (12,790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.30 97.37 Td (\(126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 97.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 97.32 Td (38,102) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 83.48 Td (Cash and Cash Equivalents Beginning) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 83.32 Td (54,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 83.32 Td (54,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 83.32 Td (16,465) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 69.48 Td (Cash and Cash Equivalents Ending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 69.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 69.32 Td (67,231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 69.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 69.32 Td (54,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 69.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 69.32 Td (54,567) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 345 0 obj <> endobj 346 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (171) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE 23 SELECTED QUAR) Tj ET Q q 0 0 0 rg BT 185.79 742.25 Td (TERL) Tj ET Q q 0 0 0 rg BT 212.10 742.25 Td (Y) Tj ET Q q 0 0 0 rg BT 218.95 742.25 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 277.57 742.25 Td ( DA) Tj ET Q q 0 0 0 rg BT 293.77 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 299.70 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 306.37 742.25 Td ( \(UNAUDITED\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (The following table presents selected quarterly data for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.94 712.25 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.52 712.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.96 712.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.96 712.25 Td (. ) Tj ET Q q 0 0 0 rg BT 462.91 712.25 Td (Amounts previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (reported as discontinued operations for the quarterly data for the year ended December 31, 2016, related to BankMobile have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (been reclassified to conform with the current period presentation as a result of the BankMobile spin-of) Tj ET Q q 0 0 0 rg BT 459.97 688.25 Td (f/mer) Tj ET Q q 0 0 0 rg BT 481.45 688.25 Td (ger transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (described in NOTE 3 - SPIN-OFF ) Tj ET Q q 0 0 0 rg BT 188.88 676.25 Td (AND MERGER.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 626.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 626.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 626.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 626.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 626.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 626.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 626.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 626.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 596.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 596.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 596.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 596.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 596.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 596.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 596.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 596.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 566.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 566.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 566.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 566.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 566.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 566.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 566.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 566.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 536.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 536.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 536.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 536.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 536.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 536.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 536.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 536.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 506.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 506.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 506.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 506.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 506.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 506.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 506.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 506.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 476.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 476.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 476.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 476.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 476.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 476.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 476.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 476.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 446.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 446.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 446.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 446.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 446.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 446.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 446.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 446.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 652.75 m 355.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 652.75 m 359.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 652.75 m 424.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 652.75 m 428.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 652.75 m 493.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 652.75 m 497.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 652.75 m 562.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 639.75 m 355.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 639.75 m 424.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 639.75 m 493.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 639.75 m 562.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 639.75 m 355.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 639.75 m 359.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 639.75 m 424.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 639.75 m 428.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 639.75 m 493.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 639.75 m 497.5 639.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 596.75 m 355.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 596.75 m 424.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 596.75 m 493.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 596.75 m 562.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 596.75 m 424.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 596.75 m 493.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 596.75 m 562.5 596.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 536.75 m 355.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 536.75 m 424.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 536.75 m 493.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 536.75 m 562.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 536.75 m 424.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 536.75 m 493.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 536.75 m 562.5 536.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 506.75 m 355.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 506.75 m 424.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 506.75 m 493.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 506.75 m 562.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 506.75 m 355.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 506.75 m 424.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 506.75 m 493.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 506.75 m 562.5 506.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 476.75 m 355.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 462.75 m 355.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 460.75 m 355.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 476.75 m 424.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 462.75 m 424.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 460.75 m 424.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 476.75 m 493.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 462.75 m 493.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 460.75 m 493.5 460.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 476.75 m 562.5 476.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 462.75 m 562.5 462.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 460.75 m 562.5 460.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 657.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.00 657.00 Td (2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 643.98 Td (Quarter) Tj ET Q q 0 0 0 rg BT 80.84 643.98 Td ( Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.05 644.00 Td (December31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.35 644.00 Td (September30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.15 644.00 Td (June30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.05 644.00 Td (March31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 631.00 Td (\(amounts in thousands, except per share data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 617.32 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 616.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 616.42 Td (97,619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 616.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 616.42 Td (98,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 616.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 616.42 Td (93,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 616.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 616.42 Td (83,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 602.32 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 601.42 Td (29,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 601.42 Td (30,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 601.42 Td (25,246) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 601.42 Td (20,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 587.32 Td (Net interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 586.42 Td (68,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 586.42 Td (68,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 586.42 Td (68,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 586.42 Td (62,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 572.32 Td (Provision for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 571.42 Td (831) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 571.42 Td (2,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 571.42 Td (535) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 571.42 Td (3,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 557.32 Td (Non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 556.42 Td (19,740) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 556.42 Td (18,026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 556.42 Td (18,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 556.42 Td (22,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 542.32 Td (Non-interest expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 541.42 Td (54,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 541.42 Td (61,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 541.42 Td (50,413) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 541.42 Td (49,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 527.32 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 526.42 Td (32,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 526.42 Td (22,653) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 526.42 Td (36,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 526.42 Td (32,756) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 512.32 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 511.42 Td (10,806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 511.42 Td (14,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 511.42 Td (12,327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 511.42 Td (7,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 497.32 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 496.42 Td (21,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 496.42 Td (7,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 496.42 Td (23,722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 496.42 Td (25,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 482.32 Td (Preferred stock dividends) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 481.42 Td (3,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 481.42 Td (3,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 481.42 Td (3,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 481.42 Td (3,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 467.32 Td (Net income available to common shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 466.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 466.42 Td (18,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 466.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 466.42 Td (4,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 466.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 466.42 Td (20,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 466.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 466.42 Td (22,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 452.32 Td (Earnings per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 437.32 Td (Basic earnings per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 436.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 436.42 Td (0.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 436.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 436.42 Td (0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 436.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 436.42 Td (0.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 436.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 436.42 Td (0.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 422.32 Td (Diluted earnings per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 421.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 421.42 Td (0.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 421.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 421.42 Td (0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 421.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 421.42 Td (0.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 421.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 421.42 Td (0.67) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 343.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 343.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 343.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 343.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 343.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 343.75 65.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 283.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 283.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 283.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 283.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 283.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 253.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 253.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 253.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 253.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 253.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 253.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 253.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 253.75 65.00 -15.00 re f /GS0 gs 0.8 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 369.75 m 424.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 369.75 m 428.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 369.75 m 493.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 369.75 m 497.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 369.75 m 562.5 369.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 356.75 m 355.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 356.75 m 424.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 356.75 m 493.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 356.75 m 562.5 356.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 313.75 m 355.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 313.75 m 424.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 313.75 m 493.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 313.75 m 562.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 313.75 m 355.5 313.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 253.75 m 355.5 253.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 253.75 m 424.5 253.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 253.75 m 493.5 253.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 253.75 m 562.5 253.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 223.75 m 355.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 223.75 m 424.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 223.75 m 493.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 223.75 m 562.5 223.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 193.75 m 355.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 179.75 m 355.5 179.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 177.75 m 355.5 177.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 193.75 m 424.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 179.75 m 424.5 179.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 177.75 m 424.5 177.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 193.75 m 493.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 179.75 m 493.5 179.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 177.75 m 493.5 177.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 193.75 m 562.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 179.75 m 562.5 179.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 177.75 m 562.5 177.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 374.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.00 374.00 Td (2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 360.98 Td (Quarter) Tj ET Q q 0 0 0 rg BT 80.84 360.98 Td ( Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 301.05 361.00 Td (December31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.35 361.00 Td (September30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.15 361.00 Td (June30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.05 361.00 Td (March31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 348.00 Td (\(amounts in thousands, except per share data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 334.32 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 333.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 333.42 Td (83,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 333.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 333.42 Td (84,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 333.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 333.42 Td (81,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 333.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 333.42 Td (73,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 319.32 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 318.42 Td (19,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 318.42 Td (19,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 318.42 Td (18,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 318.42 Td (15,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 304.32 Td (Net interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 303.42 Td (64,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 303.42 Td (64,585) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 303.42 Td (63,158) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 303.42 Td (57,627) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 289.32 Td (Provision for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 288.42 Td (187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 288.42 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 288.42 Td (786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 288.42 Td (1,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 274.32 Td (Non-interest income) Tj ET Q BT 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10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (172) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE 24 BUSINESS SEGMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Customers' segment financial reporting reflects the manner in which its chief operating decision makers allocate resources and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (assess performance. Management has determined that Customers' operations consist of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.82 706.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.82 706.25 Td ( reportable segments - Community ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (Business Banking and BankMobile. Each segment generates revenues, manages risk and of) Tj ET Q q 0 0 0 rg BT 418.06 694.25 Td (fers distinct products and services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (to tar) Tj ET Q q 0 0 0 rg BT 70.64 682.25 Td (geted customers through dif) Tj ET Q q 0 0 0 rg BT 182.38 682.25 Td (ferent delivery channels. ) Tj ET Q q 0 0 0 rg BT 285.77 682.25 Td (The strategy) Tj ET Q q 0 0 0 rg BT 334.82 682.25 Td (, marketing and analysis of these segments vary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (considerably) Tj ET Q q 0 0 0 rg BT 100.44 670.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (The Community Business Banking segment is delivered predominately to commercial customers in Southeastern Pennsylvania, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (New ) Tj ET Q q 0 0 0 rg BT 71.01 640.25 Td (Y) Tj ET Q q 0 0 0 rg BT 77.23 640.25 Td (ork, New Jersey) Tj ET Q q 0 0 0 rg BT 141.28 640.25 Td (, Massachusetts, Rhode Island and New Hampshire through a single-point-of-contact business model ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (and provides liquidity to residential mortgage originators nationwide through commercial loans to mortgage companies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (Lending and deposit gathering activities are focused primarily on privately held businesses, high-net-worth families, selected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (commercial real estate lending, commercial mortgage companies and equipment finance. Revenues are generated primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (through net interest income \(the dif) Tj ET Q q 0 0 0 rg BT 191.17 592.25 Td (ference between interest earned on loans, investments and other interest earning assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (interest paid on deposits and other borrowed funds\) and other non-interest income, such as mortgage warehouse transactional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (fees and bank-owned life insurance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (The BankMobile segment provides state-of-the-art high-tech digital banking and disbursement services to consumers, students ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (and the "under banked" nationwide. BankMobile, as a division of Customers Bank, is a full-service bank that is accessible to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (customers anywhere and anytime through the customer's smartphone or other web-enabled device. Revenues are currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (being generated primarily through interchange and card revenue, deposit and wire transfer fees and university fees. ) Tj ET Q q 0 0 0 rg BT 514.91 514.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (majority of revenue and expenses for BankMobile are a result of the Disbursement business acquisition described in NOTE 2 - ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (ACQUISITION ) Tj ET Q q 0 0 0 rg BT 116.39 490.25 Td (ACTIVITY) Tj ET Q q 0 0 0 rg BT 162.31 490.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (The following tables present the operating results for Customers' reportable business segments for the years ended December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 454.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.00 454.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 454.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.00 454.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.44 454.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.44 454.25 Td (. ) Tj ET Q q 0 0 0 rg BT 156.76 454.25 Td (The segment financial results include directly attributable revenues and expenses. Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (overhead costs are assigned to the Community Business Banking segment as those expenses are expected to continue following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (the planned spin-of) Tj ET Q q 0 0 0 rg BT 127.02 430.25 Td (f of BankMobile. Similarly) Tj ET Q q 0 0 0 rg BT 237.75 430.25 Td (, the preferred stock dividends have been allocated in their entirety to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Community Business Banking segment. ) Tj ET Q q 0 0 0 rg BT 215.38 418.25 Td (The tax benefit assigned to BankMobile was based on an estimated ef) Tj ET Q q 0 0 0 rg BT 494.28 418.25 Td (fective tax rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 406.25 Td (37.67%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.66 406.25 Td ( for year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.99 406.25 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.99 406.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.93 406.25 Td (38%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.26 406.25 Td ( for the years ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.19 406.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.19 406.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.63 406.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.63 406.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 525.29 406.25 Td (.) 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378.39 737.75 Td (Y) Tj ET Q q 0 0 0 rg BT 383.62 737.75 Td (ear Ended December 31, 2017) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 712.73 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.35 720.75 Td (Community ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.70 712.75 Td (Business Banking) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.50 712.75 Td (BankMobile) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.35 712.75 Td (Consolidated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 699.76 Td (Interest income ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 116.98 703.84 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 697.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 697.96 Td (359,931) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 697.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 697.96 Td (12,919) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 697.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 697.96 Td (372,850) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 684.76 Td (Interest expense ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 682.96 Td (105,438) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.00 682.96 Td (69) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 682.96 Td (105,507) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.00 669.76 Td (Net interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 667.96 Td (254,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 667.96 Td (12,850) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 667.96 Td (267,343) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 654.76 Td (Provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 652.96 Td (5,638) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.75 652.96 Td (1,130) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 652.96 Td (6,768) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 639.76 Td (Non-interest income ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 637.96 Td (24,788) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 637.96 Td (54,122) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 637.96 Td (78,910) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 624.76 Td (Non-interest expense ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 622.96 Td (128,604) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 622.96 Td (87,002) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 622.96 Td (215,606) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.00 609.76 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 607.96 Td (145,039) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.25 607.96 Td (\(21,160) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 607.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 525.75 607.96 Td (123,879) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 59.00 594.76 Td (Income tax expense \(benefit\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 592.96 Td (53,013) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.75 592.96 Td (\(7,971) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 592.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 592.96 Td (45,042) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.00 579.76 Td (Net income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 577.96 Td (92,026) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.25 577.96 Td (\(13,189) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 577.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 577.96 Td (78,837) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 77.00 564.76 Td (Preferred stock dividends) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 562.96 Td (14,459) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 448.00 562.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 562.96 Td (14,459) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.00 549.76 Td (Net income \(loss\) available to common shareholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 547.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 547.96 Td (77,567) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 547.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 429.25 547.96 Td (\(13,189) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 547.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 547.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 547.96 Td (64,378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 519.76 Td (Goodwill and other intangibles) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 517.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 517.96 Td (3,630) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 517.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 517.96 Td (12,665) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 517.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 517.96 Td (16,295) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 504.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 504.76 Td (otal assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 502.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 502.96 Td (9,769,996) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 502.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 502.96 Td (69,559) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 502.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 502.96 Td (9,839,555) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 489.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 489.76 Td (otal deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 487.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 487.96 Td (6,400,310) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 487.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 427.75 487.96 Td (399,832) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 487.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 487.96 Td (6,800,142) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 474.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 474.76 Td (otal non-deposit liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 472.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 472.96 Td (2,106,919) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 472.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 432.25 472.96 Td (1) Tj ET Q q 0 0 0 rg BT 436.75 472.96 Td (1,530) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 474.00 472.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.00 472.96 Td (2,1) Tj ET Q q 0 0 0 rg BT 530.25 472.96 Td (18,449) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 407.50 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 407.50 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 407.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 407.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 407.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 407.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 377.50 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 377.50 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 377.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 377.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 377.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 377.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 347.50 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 347.50 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 347.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 347.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 347.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 347.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 317.50 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 317.50 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 317.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 317.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 317.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 317.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 287.50 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 287.50 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 287.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 287.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 287.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 287.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 257.50 226.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 257.50 87.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 257.50 10.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 257.50 88.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 257.50 11.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 257.50 88.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 221.50 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 221.50 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 221.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 221.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 221.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 221.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 191.50 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 191.50 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 191.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 191.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 191.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 191.50 88.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 431.5 m 363.5 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 431.5 m 373.5 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 431.5 m 461.5 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 431.5 m 472.5 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 431.5 m 560.5 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 407.5 m 363.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 407.5 m 461.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 407.5 m 560.5 407.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 377.5 m 363.5 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 377.5 m 461.5 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 377.5 m 560.5 377.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 317.5 m 363.5 317.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 317.5 m 461.5 317.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 317.5 m 560.5 317.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 287.5 m 363.5 287.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 287.5 m 461.5 287.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 287.5 m 560.5 287.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 257.5 m 363.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 237.5 m 363.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 235.5 m 363.5 235.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 257.5 m 461.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 237.5 m 461.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 235.5 m 461.5 235.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 257.5 m 560.5 257.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 237.5 m 560.5 237.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 235.5 m 560.5 235.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.65 435.75 Td (For the ) Tj ET Q q 0 0 0 rg BT 379.39 435.75 Td (Y) Tj ET Q q 0 0 0 rg BT 384.62 435.75 Td (ear Ended December 31, 2016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 411.73 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.35 419.75 Td (Community ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.70 411.75 Td (Business Banking) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.00 411.75 Td (BankMobile) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.85 411.75 Td (Consolidated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 398.76 Td (Interest income ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 128.98 402.84 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 396.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 396.96 Td (315,643) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 396.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 396.96 Td (6,896) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 396.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 396.96 Td (322,539) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 383.76 Td (Interest expense ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 381.96 Td (73,004) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 381.96 Td (38) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 381.96 Td (73,042) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 368.76 Td (Net interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 366.96 Td (242,639) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 366.96 Td (6,858) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 366.96 Td (249,497) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 353.76 Td (Provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 351.96 Td (2,246) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 351.96 Td (795) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 351.96 Td (3,041) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 338.76 Td (Non-interest income ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 336.96 Td (23,165) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.25 336.96 Td (33,205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 336.96 Td (56,370) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 323.76 Td (Non-interest expense ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 149.47 327.84 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 321.96 Td (130,394) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.25 321.96 Td (47,837) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 321.96 Td (178,231) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 308.76 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 306.96 Td (133,164) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 306.96 Td (\(8,569) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.00 306.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 306.96 Td (124,595) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 293.76 Td (Income tax expense \(benefit\) ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 177.95 297.84 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 291.96 Td (49,149) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 291.96 Td (\(3,256) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.00 291.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 291.96 Td (45,893) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 278.76 Td (Net income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 276.96 Td (84,015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 276.96 Td (\(5,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.00 276.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 276.96 Td (78,702) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 263.76 Td (Preferred stock dividends) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 261.96 Td (9,515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 261.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 261.96 Td (9,515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.00 248.76 Td (Net income \(loss\) available to common) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.00 239.76 Td (shareholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 240.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 240.96 Td (74,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 240.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 240.96 Td (\(5,313) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.00 240.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 240.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 240.96 Td (69,187) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 212.76 Td (Goodwill and other intangibles) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 210.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 210.96 Td (3,639) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 210.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.25 210.96 Td (13,982) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 210.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 210.96 Td (17,621) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 197.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 197.76 Td (otal assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 195.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 195.96 Td (9,303,465) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 195.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.25 195.96 Td (79,271) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 195.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.00 195.96 Td (9,382,736) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 182.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 182.76 Td (otal deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 180.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 180.96 Td (6,846,980) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 180.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.75 180.96 Td (456,795) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 180.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.00 180.96 Td (7,303,775) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 167.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 167.76 Td (otal non-deposit liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 165.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 165.96 Td (1,195,087) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 165.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 433.25 165.96 Td (28,002) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 165.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.00 165.96 Td (1,223,089) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 139.20 Td (\(1\) - ) Tj ET Q q 0 0 0 rg BT 67.49 139.20 Td (Amounts reported include funds transfer pricing of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.19 139.20 Td ($12.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.70 139.20 Td ( and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 321.14 139.20 Td ($6.9 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.14 139.20 Td (, respectively) Tj ET Q q 0 0 0 rg BT 412.53 139.20 Td (, for the years ended ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.00 139.20 Td (December31, 2017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.73 139.20 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 128.45 Td (and ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 65.24 128.45 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 83.24 128.45 Td (, credited to BankMobile for the value provided to the Community Business Banking segment for the use of low/no-cost deposits.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 117.65 Td (\(2\) - Includes an ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 111.48 117.65 Td ($0.8 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 155.48 117.65 Td ( inter) Tj ET Q q 0 0 0 rg BT 174.04 117.65 Td (-segment reclassification of previously reported Community Business Banking and BankMobile segment ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 106.85 Td (non-interest expenses, and related income tax ef) Tj ET Q q 0 0 0 rg BT 223.02 106.85 Td (fects, as a result of the reallocation of certain segment expenses in 2016 to be consistent with ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 96.05 Td (year ended December 31, 2017, presentation. ) Tj ET Q endstream endobj 351 0 obj <> endobj 352 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (174) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 709.50 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 709.50 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 709.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 709.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 709.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 709.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 679.50 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 679.50 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 679.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 679.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 679.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 679.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 649.50 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 649.50 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 649.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 649.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 649.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 649.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 619.50 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 619.50 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 619.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 619.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 619.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 619.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 589.50 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 589.50 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 589.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 589.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 589.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 589.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 559.50 226.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 559.50 87.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 559.50 10.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 559.50 88.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 559.50 11.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 559.50 88.00 -20.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 524.50 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 524.50 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 524.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 524.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 524.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 524.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 494.50 226.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 494.50 87.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 494.50 10.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 494.50 88.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 494.50 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 494.50 88.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 733.5 m 363.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 733.5 m 373.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 733.5 m 461.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 733.5 m 472.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 733.5 m 560.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 709.5 m 363.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 709.5 m 461.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 709.5 m 560.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 709.5 m 363.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 709.5 m 461.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 709.5 m 560.5 709.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 679.5 m 363.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 679.5 m 461.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 679.5 m 560.5 679.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 619.5 m 363.5 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 619.5 m 461.5 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 619.5 m 560.5 619.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 589.5 m 363.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 589.5 m 461.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 589.5 m 560.5 589.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 559.5 m 363.5 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 540.5 m 363.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 538.5 m 363.5 538.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 559.5 m 461.5 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 540.5 m 461.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 538.5 m 461.5 538.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 559.5 m 560.5 559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 540.5 m 560.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 472.5 538.5 m 560.5 538.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 354.65 737.75 Td (For the ) Tj ET Q q 0 0 0 rg BT 379.39 737.75 Td (Y) Tj ET Q q 0 0 0 rg BT 384.62 737.75 Td (ear Ended December 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 713.73 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.35 721.75 Td (Community ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 290.70 713.75 Td (Business Banking) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.00 713.75 Td (BankMobile) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.85 713.75 Td (Consolidated) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 700.76 Td (Interest income ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 128.98 704.84 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 698.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 698.96 Td (243,404) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 698.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 698.96 Td (6,446) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 698.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 698.96 Td (249,850) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 685.76 Td (Interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 683.96 Td (53,536) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 683.96 Td (24) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 683.96 Td (53,560) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 670.76 Td (Net interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 668.96 Td (189,868) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 668.96 Td (6,422) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 668.96 Td (196,290) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 655.76 Td (Provision for loan losses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 653.96 Td (20,562) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.50 653.96 Td (4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 653.96 Td (20,566) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 640.76 Td (Non-interest income) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 638.96 Td (27,573) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.50 638.96 Td (144) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 638.96 Td (27,717) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 625.76 Td (Non-interest expense) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.75 623.96 Td (107,569) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 623.96 Td (7,377) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.75 623.96 Td (1) Tj ET Q q 0 0 0 rg BT 532.25 623.96 Td (14,946) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 610.76 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 608.96 Td (89,310) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.50 608.96 Td (\(815) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.00 608.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 608.96 Td (88,495) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 71.00 595.76 Td (Income tax expense \(benefit\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 593.96 Td (30,221) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.50 593.96 Td (\(309) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.00 593.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 593.96 Td (29,912) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 580.76 Td (Net income \(loss\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 578.96 Td (59,089) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.50 578.96 Td (\(506) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.00 578.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 578.96 Td (58,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 89.00 565.76 Td (Preferred stock dividends) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 563.96 Td (2,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 563.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 563.96 Td (2,493) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.00 550.76 Td (Net income \(loss\) available to common) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 95.00 541.81 Td (shareholders) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 543.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 335.25 543.96 Td (56,596) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 543.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.50 543.96 Td (\(506) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 458.00 543.96 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 543.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 532.25 543.96 Td (56,090) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 515.76 Td (Goodwill and other intangibles) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 513.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.75 513.96 Td (3,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 513.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 513.96 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 513.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 536.75 513.96 Td (3,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 500.76 Td (T) Tj ET Q q 0 0 0 rg BT 58.18 500.76 Td (otal assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 498.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 498.96 Td (8,395,525) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 498.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 437.75 498.96 Td (2,680) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 498.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.00 498.96 Td (8,398,205) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 485.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 485.76 Td (otal deposits) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 483.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 483.96 Td (5,662,433) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 483.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.75 483.96 Td (247,068) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 483.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.00 483.96 Td (5,909,501) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 470.76 Td (T) Tj ET Q q 0 0 0 rg BT 57.87 470.76 Td (otal non-deposit liabilities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 279.00 468.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 324.00 468.96 Td (1,934,731) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.00 468.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.00 468.96 Td (71) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 475.00 468.96 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 521.00 468.96 Td (1,934,802) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 442.20 Td (\(1\) - ) Tj ET Q q 0 0 0 rg BT 67.49 442.20 Td (Amounts reported include funds transfer pricing of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 253.19 442.20 Td ($6.4 million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 297.20 442.20 Td ( for the year ended December31, 2015, credited to BankMobile for the ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 431.40 Td (value provided to the Community Business Banking segment for the use of low/no-cost deposits.) Tj ET Q endstream endobj 353 0 obj <> endobj 354 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (175) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.65 742.25 Td (MANAGEMENTS RESPONSIBILITY) Tj ET Q q 0 0 0 rg BT 246.25 742.25 Td ( FOR FINANCIAL) Tj ET Q q 0 0 0 rg BT 328.48 742.25 Td ( ST) Tj ET Q q 0 0 0 rg BT 342.47 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 348.95 742.25 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 399.80 742.25 Td (AND REPOR) Tj ET Q q 0 0 0 rg BT 458.61 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 465.10 742.25 Td ( ON INTERNAL) Tj ET Q q 0 0 0 rg BT 537.34 742.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.60 730.25 Td (CONTROL) Tj ET Q q 0 0 0 rg BT 254.61 730.25 Td ( OVER FINANCIAL) Tj ET Q q 0 0 0 rg BT 344.62 730.25 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 381.77 730.25 Td (TING) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 706.25 Td (Management of Customers Bancorp is responsible for the integrity and objectivity of all information presented in this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (report. ) Tj ET Q q 0 0 0 rg BT 78.70 694.25 Td (The consolidated financial statements were prepared in conformity with United States generally accepted accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (principles. Management believes that the consolidated financial statements of Customers Bancorp fairly reflect the form and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (substance of transactions and that the financial statements fairly represent Customers Bancorp) Tj ET Q q 0 0 0 rg BT 429.05 670.25 Td (s financial position and results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (operations. Management has included in Customers Bancorp) Tj ET Q q 0 0 0 rg BT 296.33 658.25 Td (s financial statements amounts that are based on estimates and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (judgments which it believes are reasonable under the circumstances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 622.25 Td (The independent registered public accounting firm of BDO USA, LLP) Tj ET Q q 0 0 0 rg BT 355.78 622.25 Td ( audits Customers Bancorp) Tj ET Q q 0 0 0 rg BT 466.60 622.25 Td (s consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (statements in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 322.15 610.25 Td (Accounting Oversight Board \(United States\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 586.25 Td (The Board of Directors of Customers Bancorp has an ) Tj ET Q q 0 0 0 rg BT 289.22 586.25 Td (Audit Committee composed of three independent directors. ) Tj ET Q q 0 0 0 rg BT 528.98 586.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (Committee meets periodically with financial management, the internal auditors and the independent registered public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (accounting firm to review accounting, internal control, auditing, corporate governance and financial reporting matters. ) Tj ET Q q 0 0 0 rg BT 525.75 562.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (Audit Committee is responsible for the engagement of the independent auditors. ) Tj ET Q q 0 0 0 rg BT 373.08 550.25 Td (The independent auditors and internal auditors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (have access to the ) Tj ET Q q 0 0 0 rg BT 123.86 538.25 Td (Audit Committee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 514.25 Td (Management of Customers Bancorp is responsible for establishing and maintaining adequate internal control over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (financial reporting, as such term is defined in Exchange ) Tj ET Q q 0 0 0 rg BT 274.93 502.25 Td (Act Rule 13a-15\(f\). Under the supervision and with the participation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (management, including the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 238.65 490.25 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 351.20 490.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 369.12 490.25 Td (, we conducted an evaluation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 478.25 Td (fectiveness of our internal control over financial reporting based on the framework in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 401.07 478.25 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 458.76 478.25 Td (ol Integrated ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.32 466.25 Td (issued by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 299.24 466.25 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 372.65 466.25 Td (T) Tj ET Q q 0 0 0 rg BT 378.40 466.25 Td (readway Commission. Based on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (evaluation under the framework in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 190.78 454.25 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 248.47 454.25 Td (ol Integrated Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.06 454.25 Td (, management concluded that our internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (over financial reporting was ef) Tj ET Q q 0 0 0 rg BT 172.54 442.25 Td (fective as of December31, 2017. ) Tj ET Q q 0 0 0 rg BT 307.31 442.25 Td (The ef) Tj ET Q q 0 0 0 rg BT 332.94 442.25 Td (fectiveness of our internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (reporting as of December31, 2017 has been audited by BDO USA, LLP) Tj ET Q q 0 0 0 rg BT 338.83 430.25 Td (, an independent registered public accounting firm, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (stated in their report which is included herein.) Tj ET Q endstream endobj 355 0 obj <> endobj 356 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (176) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item9. ) Tj ET Q q 0 0 0 rg BT 86.00 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (Changes in and Disagr) Tj ET Q q 0 0 0 rg BT 218.79 742.25 Td (eements with ) Tj ET Q q 0 0 0 rg BT 276.56 742.25 Td (Accountants on ) Tj ET Q q 0 0 0 rg BT 344.90 742.25 Td (Accounting and Financial Disclosur) Tj ET Q q 0 0 0 rg BT 497.24 742.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 684.65 Td (Item9A. ) Tj ET Q q 0 0 0 rg BT 122.00 684.65 Td (Contr) Tj ET Q q 0 0 0 rg BT 147.37 684.65 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 190.53 684.65 Td (ocedur) Tj ET Q q 0 0 0 rg BT 219.79 684.65 Td (es) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 654.65 Td (Evaluation of Disclosur) Tj ET Q q 0 0 0 rg BT 145.18 654.65 Td (e Contr) Tj ET Q q 0 0 0 rg BT 175.09 654.65 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 216.39 654.65 Td (ocedur) Tj ET Q q 0 0 0 rg BT 243.78 654.65 Td (es.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.61 654.65 Td ( ) Tj ET Q q 0 0 0 rg BT 256.93 654.65 Td (W) Tj ET Q q 0 0 0 rg BT 265.57 654.65 Td (e have established disclosure controls and procedures to ensure that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 642.65 Td (material information relating to us, including our consolidated subsidiaries, is made known to the of) Tj ET Q q 0 0 0 rg BT 449.74 642.65 Td (ficers who certify our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 630.65 Td (financial reports and to other members of senior management and the Board of Directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 606.65 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 606.65 Td (e carried out an evaluation, under the supervision and with the participation of our management, including our Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 594.65 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.85 594.65 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 215.41 594.65 Td (ficer) Tj ET Q q 0 0 0 rg BT 233.32 594.65 Td (, of the design and operating ef) Tj ET Q q 0 0 0 rg BT 357.27 594.65 Td (fectiveness of our disclosure controls and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 582.65 Td (procedures, as defined in Exchange ) Tj ET Q q 0 0 0 rg BT 193.83 582.65 Td (Act Rule 13a-15. Based upon that evaluation, our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 471.91 582.65 Td (ficer and Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 570.65 Td (Financial Of) Tj ET Q q 0 0 0 rg BT 100.08 570.65 Td (ficer concluded that, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.15 570.65 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.73 570.65 Td (, our disclosure controls and procedures are ef) Tj ET Q q 0 0 0 rg BT 468.93 570.65 Td (fective.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 546.65 Td (Management) Tj ET Q q 0 0 0 rg BT 104.98 546.65 Td (s Responsibility for Financial Statements and Report on Internal Control over Financial Reporting are included in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 534.65 Td (Part II, Item8, Financial Statements and Supplementary Data, and are incorporated by reference herein.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.65 Td (Our independent registered public accounting firm, BDO USA, LLP) Tj ET Q q 0 0 0 rg BT 322.72 510.65 Td (, also attested to, and reported on, the ef) Tj ET Q q 0 0 0 rg BT 482.21 510.65 Td (fectiveness of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.65 Td (internal control over financial reporting as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.43 498.65 Td (December31, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.02 498.65 Td (. BDO USA, LLP) Tj ET Q q 0 0 0 rg BT 385.19 498.65 Td (s attestation report, which appears in Part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.65 Td (II, Item 8, "Financial Statements and Supplementary Data," is incorporated herein by reference.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 456.65 Td (Changes in Internal Contr) Tj ET Q q 0 0 0 rg BT 155.46 456.65 Td (ol over Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.65 Td (During fourth quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.58 438.65 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.58 438.65 Td (, there have been no changes in the Bancorp) Tj ET Q q 0 0 0 rg BT 337.68 438.65 Td (s internal control over financial reporting that have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.65 Td (materially af) Tj ET Q q 0 0 0 rg BT 100.63 426.65 Td (fected or are reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 285.08 426.65 Td (fect the Bancorp) Tj ET Q q 0 0 0 rg BT 353.94 426.65 Td (s internal control over financial reporting.) Tj ET Q BT /F1 18.00 Tf ET q 0 0 0 rg BT 50.00 405.05 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 393.05 Td (Item9B. ) Tj ET Q q 0 0 0 rg BT 122.00 393.05 Td (Other) Tj ET Q q 0 0 0 rg BT 147.37 393.05 Td ( Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.85 Td (None.) Tj ET Q endstream endobj 357 0 obj <> endobj 358 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (177) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.90 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.27 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.36 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 311.85 742.25 Td ( III) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Item10. Directors, Executive Of) Tj ET Q q 0 0 0 rg BT 183.13 718.25 Td (ficers and Corporate Governance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (The information required by this Item will be included in the Proxy Statement for the 2018 ) Tj ET Q q 0 0 0 rg BT 415.48 700.25 Td (Annual Meeting of Shareholders in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (the sections titled Our Board of Directors and Management, and Board Governance, and is incorporated herein by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (reference.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (Item1) Tj ET Q q 0 0 0 rg BT 75.83 646.25 Td (1. Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (The information required by this Item will be included in the Proxy Statement for the 2018 ) Tj ET Q q 0 0 0 rg BT 415.48 628.25 Td (Annual Meeting of Shareholders in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (the sections titled Director Compensation, Executive Of) Tj ET Q q 0 0 0 rg BT 287.24 616.25 Td (ficer Compensation, and Board Governance, and is incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (herein by reference.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (Item12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (The information required by this Item will be included in the Proxy Statement for the 2018 ) Tj ET Q q 0 0 0 rg BT 415.48 556.25 Td (Annual Meeting of Shareholders in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (the sections titled Security Ownership of Certain Beneficial Owners and Management and Equity Compensation Plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Information and is incorporated herein by reference.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (Item13. Certain Relationships and Related T) Tj ET Q q 0 0 0 rg BT 236.04 502.25 Td (ransactions, and Director Independence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (The information required by this Item will be included in the Proxy Statement for the 2018 ) Tj ET Q q 0 0 0 rg BT 415.48 484.25 Td (Annual Meeting of Shareholders in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (the sections titled Certain Relationships and Related ) Tj ET Q q 0 0 0 rg BT 265.60 472.25 Td (T) Tj ET Q q 0 0 0 rg BT 271.36 472.25 Td (ransactions and Board Governance and is incorporated herein by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (reference.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (Item14. Principal ) Tj ET Q q 0 0 0 rg BT 126.85 430.25 Td (Accounting Fees and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (The information required by this Item will be included in the Proxy Statement for the 2018 ) Tj ET Q q 0 0 0 rg BT 415.48 412.25 Td (Annual Meeting of Shareholders in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (the section titled Proposal 2 Ratification of ) Tj ET Q q 0 0 0 rg BT 240.52 400.25 Td (Appointment of Independent Registered Public ) Tj ET Q q 0 0 0 rg BT 431.31 400.25 Td (Accounting Firm, and is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (incorporated herein by reference.) Tj ET Q endstream endobj 359 0 obj <> endobj 360 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (178) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.30 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 291.67 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 305.76 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 312.25 742.25 Td ( IV) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (Item15 ) Tj ET Q q 0 0 0 rg BT 122.00 712.25 Td (Exhibits and Financial Statement Schedules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 694.25 Td (1. Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 681.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 681.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 681.25 Td (Consolidated financial statements are included under Item8 of Part II of this Form 10-K.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 668.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 668.25 Td (2. Financial Statements Schedules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 655.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 655.25 Td (Financial statements schedules are omitted because the required information is either not applicable, not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.25 Td (required or is shown in the respective financial statements or in the notes thereto.) 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0 rg BT 369.94 574.32 Td (, incorporated by reference to Exhibit 2.3 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 564.32 Td (the Customers Bancorp Form S-1/A) Tj ET Q q 0 0 0 rg BT 237.88 564.32 Td ( filed with the SEC on January13, 201) Tj ET Q q 0 0 0 rg BT 392.77 564.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 545.32 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 545.32 Td (Purchase and ) Tj ET Q q 0 0 0 rg BT 148.99 545.32 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 199.27 545.32 Td (Agreement, dated as of September17, 2010, by and among Customers Bank, the FDIC as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 535.32 Td (Receiver of ISN Bank, and the FDIC acting in its corporate capacity) Tj ET Q q 0 0 0 rg BT 366.60 535.32 Td (, incorporated by reference to Exhibit 2.4 to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 525.32 Td (Customers Bancorp Form S-1/A) Tj ET Q q 0 0 0 rg BT 223.17 525.32 Td ( filed with the SEC on January13, 201) Tj ET Q q 0 0 0 rg BT 378.05 525.32 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 506.32 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 506.32 Td (Asset Purchase ) Tj ET Q q 0 0 0 rg BT 156.77 506.32 Td (Agreement dated as of December 15, 2015 by and among Customers Bancorp, Customers Bank, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 496.32 Td (Higher One, Inc. and Higher One Holdings, Inc., incorporated by reference to Exhibit 2.3 to the Customers Bancorp ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 486.32 Td (Form 10-K filed with the SEC on February 26, 2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 467.32 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 446.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 467.32 Td (Purchase and ) Tj ET Q q 0 0 0 rg BT 148.99 467.32 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 199.27 467.32 Td (Agreement dated as of March 7, 2017 among Flagship Community 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94.00 408.32 Td (incorporated by reference to Exhibit 2.1 to the Customers Bancorp 8-K filed with the SEC on November 20, 2017) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 389.32 Td (3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 378.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 389.32 Td (Amended and Restated ) Tj ET Q q 0 0 0 rg BT 188.70 389.32 Td (Articles of Incorporation of Customers Bancorp, incorporated by reference to Exhibit 3.1 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 379.32 Td (the Customers Bancorp) Tj ET Q q 0 0 0 rg BT 190.65 379.32 Td (s Form 8-K filed with the SEC on ) Tj ET Q q 0 0 0 rg BT 327.87 379.32 Td (April 30, 2012) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 360.32 Td (3.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 360.32 Td (Amended and Restated Bylaws of Customers Bancorp, incorporated by reference to Exhibit 3.2 to the Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 350.32 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(incorporated by reference to Exhibit 3.1 to the Customers Bancorp Form 8-K filed with the SEC on May 18, 2015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 269.32 Td (3.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 267.42 Td (Statement with Respect to Shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 257.42 Td (incorporated by reference to Exhibit 3.1 to the Customers Bancorp Form 8-K filed with the SEC on January 29, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 247.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 227.32 Td (3.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 227.32 Td (Statement with Respect to Shares of Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series E, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 217.32 Td (incorporated by reference to Exhibit 3.1 to the Customers Bancorp Form 8-K filed with the 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Sidhu, June30, 2009, incorporated by reference to Exhibit 4.9 to the Customers Bancorp ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 57.32 Td (FormS-1 filed with the SEC on ) Tj ET Q q 0 0 0 rg BT 223.17 57.32 Td (April22, 2010) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 361 0 obj <> endobj 362 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (179) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 727.5 m 87.5 727.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 56.70 739.75 Td (Exhibit ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.60 731.75 Td (No.) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 307.8 730.68671875 m 345.12421875 730.68671875 l s q 0 0 0 rg BT 307.80 731.75 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 718.07 Td (4.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 718.07 Td (Indenture, dated as of July30, 2013, by and between Customers Bancorp, Inc., as Issuer) Tj ET Q q 0 0 0 rg BT 446.29 718.07 Td (, and ) Tj ET Q q 0 0 0 rg BT 468.05 718.07 Td (W) Tj ET Q q 0 0 0 rg BT 477.09 718.07 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 518.30 718.07 Td (T) Tj ET Q q 0 0 0 rg BT 524.05 718.07 Td (rust, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 708.07 Td (National ) Tj ET Q q 0 0 0 rg BT 130.38 708.07 Td (Association, as ) Tj ET Q q 0 0 0 rg BT 193.25 708.07 Td (T) Tj ET Q q 0 0 0 rg BT 199.00 708.07 Td (rustee, incorporated by reference to Exhibit 4.1 to the Customers Bancorp Form 8-K filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 698.07 Td (with the SEC on July31, 2013) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 679.07 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 679.07 Td (First Supplemental Indenture, dated as of July30, 2013, by and between Customers Bancorp, Inc., as Issuer) Tj ET Q q 0 0 0 rg BT 524.62 679.07 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 669.07 Td (W) Tj ET Q q 0 0 0 rg BT 103.04 669.07 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 144.25 669.07 Td (T) Tj ET Q q 0 0 0 rg BT 150.01 669.07 Td (rust, National ) Tj ET Q q 0 0 0 rg BT 206.39 669.07 Td (Association, as ) Tj ET Q q 0 0 0 rg BT 269.25 669.07 Td (T) Tj ET Q q 0 0 0 rg BT 275.01 669.07 Td (rustee, incorporated by reference to Exhibit 4.2 to the Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 659.07 Td (Bancorp Form 8-K filed with the SEC on July31, 2013) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 640.07 Td (4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 629.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 640.07 Td (6.375% Global Note in aggregate principal amount of $55,000,000, incorporated by reference to Exhibit 4.3 to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 630.07 Td (Customers Bancorp Form 8-K filed with the SEC on July31, 2013) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 611.07 Td (4.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 590.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 611.07 Td (Amendment to First Supplemental Indenture, dated ) Tj ET Q q 0 0 0 rg BT 301.46 611.07 Td (August 27, 2013, by and between Customers Bancorp, Inc. and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 601.07 Td (W) Tj ET Q q 0 0 0 rg BT 103.04 601.07 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 144.25 601.07 Td (T) Tj ET Q q 0 0 0 rg BT 150.01 601.07 Td (rust Company) Tj ET Q q 0 0 0 rg BT 205.74 601.07 Td (, National ) Tj ET Q q 0 0 0 rg BT 247.13 601.07 Td (Association, as trustee, incorporated by reference to Exhibit 4.1 to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 591.07 Td (Customers Bancorp Form 8-K filed with the SEC on ) Tj ET Q q 0 0 0 rg BT 306.49 591.07 Td (August 29, 2013) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 572.07 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 561.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 572.07 Td (6.375% Global Note in aggregate principal amount of $8,250,000, incorporated by reference to Exhibit 4.2 to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 562.07 Td (Customers Bancorp Form 8-K filed with the SEC on ) Tj ET Q q 0 0 0 rg BT 306.49 562.07 Td (August 29, 2013) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 543.07 Td (4.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 522.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 543.07 Td (Form of Note Subscription ) Tj ET Q q 0 0 0 rg BT 203.44 543.07 Td (Agreement \(including form of Subordinated Note Certificate and Senior Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 533.07 Td (Certificate\), incorporated by reference to Exhibit 10.1 to the Customers Bancorp Form 8-K filed with the SEC on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 523.07 Td (June 26, 2014) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 504.07 Td (4.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 504.07 Td (Second Supplemental Indenture, dated as of June 30, 2017, by and between Customers Bancorp, Inc, as Issuer) Tj ET Q q 0 0 0 rg BT 534.88 504.07 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 494.07 Td (W) Tj ET Q q 0 0 0 rg BT 103.04 494.07 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 144.25 494.07 Td (T) Tj ET Q q 0 0 0 rg BT 150.01 494.07 Td (rust, National ) Tj ET Q q 0 0 0 rg BT 206.39 494.07 Td (Association, as ) Tj ET Q q 0 0 0 rg BT 269.25 494.07 Td (T) Tj ET Q q 0 0 0 rg BT 275.01 494.07 Td (rustee, incorporated by reference to Exhibit 4.1 to the Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 484.07 Td (Bancorp Form 8-K filed with the SEC on June 30, 2017) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 465.07 Td (10.1+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 465.07 Td (Customers Bancorp, Inc. 2010 Stock Option Plan, incorporated by reference to Exhibit 10.2 to the Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 455.07 Td (Bancorp Form 10-K filed with the SEC on March21, 2012) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.07 Td (10.2+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 436.07 Td (Amended and Restated Employment ) Tj ET Q q 0 0 0 rg BT 242.86 436.07 Td (Agreement, dated as of March26, 2012, by and between Customers Bancorp, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 426.07 Td (Inc. and Jay S. Sidhu, incorporated by reference to Exhibit 10.3 to the Customers Bancorp Form S-1 filed with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 416.07 Td (SEC on March28, 2012) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 397.07 Td (10.3+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 397.07 Td (Amended and Restated Employment ) Tj ET Q q 0 0 0 rg BT 242.86 397.07 Td (Agreement, dated as of March26, 2012, by and between Customers Bancorp, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 387.07 Td (Inc. and Richard Ehst, incorporated by reference to Exhibit 10.4 to the Customers Bancorp Form S-1 filed with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 377.07 Td (SEC on March28, 2012) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 358.07 Td (10.4+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 358.07 Td (Amended and Restated Customers Bancorp, Inc. 2004 Incentive Equity and Deferred Compensation Plan, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 348.07 Td (incorporated by reference to Exhibit 10.7 to the Customers Bancorp Form 10-K filed with the SEC on March21, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 338.07 Td (2012) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 319.07 Td (10.5+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 319.07 Td (Form of Restricted Stock Unit ) Tj ET Q q 0 0 0 rg BT 217.05 319.07 Td (A) Tj ET Q q 0 0 0 rg BT 223.35 319.07 Td (ward ) Tj ET Q q 0 0 0 rg BT 245.29 319.07 Td (Agreement for Employees relating to the 2012 Special Stock Reward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 309.07 Td (Program, incorporated by reference to Exhibit 10.25 to the Customers Bancorp Form S-1/A) Tj ET Q q 0 0 0 rg BT 460.04 309.07 Td ( filed with the SEC on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 299.07 Td (May1, 2012) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 280.07 Td (10.6+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 280.07 Td (Bonus Recognition and Retention Plan, incorporated by reference to Exhibit 10.15 to the Customers Bancorp Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 270.07 Td (10-K filed with the SEC on March21, 2012) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 251.07 Td (10.7+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 251.07 Td (Supplemental Executive Retirement Plan of Jay S. Sidhu, incorporated by reference to Exhibit 10.15 to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 241.07 Td (Customers Bancorp Form S-1/A) Tj ET Q q 0 0 0 rg BT 223.17 241.07 Td ( filed with the SEC on ) Tj ET Q q 0 0 0 rg BT 314.27 241.07 Td (April18, 201) Tj ET Q q 0 0 0 rg BT 367.51 241.07 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 222.07 Td (10.8+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 222.07 Td (Form of Restricted Stock Unit ) Tj ET Q q 0 0 0 rg BT 217.05 222.07 Td (A) Tj ET Q q 0 0 0 rg BT 223.35 222.07 Td (ward ) Tj ET Q q 0 0 0 rg BT 245.29 222.07 Td (Agreement for Directors relating to the 2012 Special Stock Reward Program, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 212.07 Td (incorporated by reference to Exhibit 10.26 to the Customers Bancorp Form S-1/A) Tj ET Q q 0 0 0 rg BT 420.60 212.07 Td ( filed with the SEC on May1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 202.07 Td (2012) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 183.07 Td (10.9+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 183.07 Td (Form of Stock Option ) Tj ET Q q 0 0 0 rg BT 184.00 183.07 Td (Agreement, incorporated by reference to Exhibit 10.18 to the Customers Bancorp Form 10-K ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 173.07 Td (filed with the SEC on March21, 2012) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 154.07 Td (10.10+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 154.07 Td (Form of Restricted Stock Unit ) Tj ET Q q 0 0 0 rg BT 217.05 154.07 Td (A) Tj ET Q q 0 0 0 rg BT 223.35 154.07 Td (ward ) Tj ET Q q 0 0 0 rg BT 245.29 154.07 Td (Agreement, incorporated by reference to Exhibit 10.17 to the Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 144.07 Td (Bancorp Form 10-K filed with the SEC on March21, 2012) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 125.07 Td (10.1) Tj ET Q q 0 0 0 rg BT 70.31 125.07 Td (1+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 125.07 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 170.38 125.07 Td (Agreement, dated as of January30, 2013, by and between Customers Bancorp, Inc. and Glenn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 115.07 Td (Hedde, incorporated by reference to Exhibit 10.29 to Customers Bancorp) Tj ET Q q 0 0 0 rg BT 389.75 115.07 Td (s Form 10-K filed with the SEC on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 105.07 Td (March18, 2013) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 86.07 Td (10.12+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 86.07 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 170.38 86.07 Td (Agreement, dated as of January30, 2013, by and between Customers Bancorp, Inc. and ) Tj ET Q q 0 0 0 rg BT 523.16 86.07 Td (W) Tj ET Q q 0 0 0 rg BT 531.79 86.07 Td (arren ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 76.07 Td (T) Tj ET Q q 0 0 0 rg BT 99.41 76.07 Td (aylor) Tj ET Q q 0 0 0 rg BT 119.56 76.07 Td (, incorporated by reference to Exhibit 10.30 to Customers Bancorp) Tj ET Q q 0 0 0 rg BT 389.21 76.07 Td (s Form 10-K filed with the SEC on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 66.07 Td (March18, 2013) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 363 0 obj <> endobj 364 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (180) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 726.5 m 87.5 726.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 56.70 738.75 Td (Exhibit ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.60 730.75 Td (No.) Tj ET Q BT /F1 8.00 Tf ET 0 0 0 RG /GS0 gs 0.39 w 0 i [] 0 d 1 J 1 j 3 M 307.8 729.68671875 m 345.12421875 729.68671875 l s q 0 0 0 rg BT 307.80 730.75 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 717.07 Td (10.13+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 717.07 Td (Change of Control ) Tj ET Q q 0 0 0 rg BT 170.38 717.07 Td (Agreement, dated as of December 22, 2012, by and between Customers Bancorp, Inc. and Ken ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 707.07 Td (Keiser) Tj ET Q q 0 0 0 rg BT 119.70 707.07 Td (, incorporated by reference to Exhibit 10.14 to the Customers Bancorp Form 10-K filed with the SEC on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 697.07 Td (February 26, 2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 678.07 Td (10.14+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 678.07 Td (Employment ) Tj ET Q q 0 0 0 rg BT 147.61 678.07 Td (Agreement, dated as of ) Tj ET Q q 0 0 0 rg BT 242.30 678.07 Td (August 5, 2013, by and between Customers Bancorp, Inc. and Robert ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 668.07 Td (W) Tj ET Q q 0 0 0 rg BT 102.64 668.07 Td (ahlman, incorporated by reference to Exhibit 10.15 to the Customers Bancorp Form 10-K filed with the SEC on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 658.07 Td (February 26, 2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 635.07 Td (10.15+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 635.07 Td (Employment ) Tj ET Q q 0 0 0 rg BT 147.61 635.07 Td (Agreement, dated as of March 1, 2014, by and between Customers Bancorp, Inc. and Steven Issa, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 625.07 Td (incorporated by reference to Exhibit 10.16 to the Customers Bancorp Form 10-K filed with the SEC on February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 615.07 Td (26, 2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 595.07 Td (10.16+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 595.07 Td (Amendment to Employment ) Tj ET Q q 0 0 0 rg BT 209.82 595.07 Td (Agreement, dated as of February 26, 2016, by and between Customers Bancorp, Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 585.07 Td (and Steven Issa, incorporated by reference to Exhibit 10.17 to the Customers Bancorp Form 10-K filed with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 575.07 Td (SEC on February 26, 2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 555.07 Td (10.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 555.07 Td (At Market Issuance Sales ) Tj ET Q q 0 0 0 rg BT 197.86 555.07 Td (Agreement dated as of December 23, 2015, by and among the Company) Tj ET Q q 0 0 0 rg BT 486.29 555.07 Td (, FBR Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 545.07 Td (Markets & Co., ML) Tj ET Q q 0 0 0 rg BT 172.80 545.07 Td (V) Tj ET Q q 0 0 0 rg BT 179.84 545.07 Td ( & Co. LLC and Maxim Group LLC, incorporated by reference to Exhibit 10.1 to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 535.07 Td (Customers Bancorp Form 8-K filed with the SEC on December 23, 2015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 515.07 Td (10.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 515.07 Td (T) Tj ET Q q 0 0 0 rg BT 99.41 515.07 Td (ermination of ) Tj ET Q q 0 0 0 rg BT 155.51 515.07 Td (At Market Issuance Sales ) Tj ET Q q 0 0 0 rg BT 259.37 515.07 Td (Agreement dated as of January 20, 2016, incorporated by reference to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 505.07 Td (Exhibit 10.20 to the Customers Bancorp Form 10-K filed with the SEC on February 26, 2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 485.07 Td (10.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 485.07 Td (T) Tj ET Q q 0 0 0 rg BT 99.76 485.07 Td (ransition Services ) Tj ET Q q 0 0 0 rg BT 173.08 485.07 Td (Agreement dated as of June 15, 2016 by and among Customers Bancorp, Customers Bank, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 475.07 Td (Higher One, Inc. and Higher One Holdings, Inc., incorporated by reference to Exhibit 10.1 to the Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 465.07 Td (Bancorp) Tj ET Q q 0 0 0 rg BT 130.66 465.07 Td (s Form 8-K filed with the SEC on June 16, 2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 445.07 Td (10.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 445.07 Td (At Market Issuance Sales ) Tj ET Q q 0 0 0 rg BT 197.86 445.07 Td (Agreement dated as of ) Tj ET Q q 0 0 0 rg BT 290.05 445.07 Td (August 1) Tj ET Q q 0 0 0 rg BT 326.07 445.07 Td (1, 2016, by and among Customers Bancorp, FBR Capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 435.07 Td (Markets & Co., Keefe, Bruyette & ) Tj ET Q q 0 0 0 rg BT 234.62 435.07 Td (W) Tj ET Q q 0 0 0 rg BT 243.25 435.07 Td (oods, Inc. and Maxim Group LLC., incorporated by reference to Exhibit 10.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 425.07 Td (to the Customers Bancorp Form 8-K filed with the SEC on ) Tj ET Q q 0 0 0 rg BT 331.48 425.07 Td (August 1) Tj ET Q q 0 0 0 rg BT 367.50 425.07 Td (1, 2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 405.07 Td (10.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 405.07 Td (Order to Cease and Desist and Order of ) Tj ET Q q 0 0 0 rg BT 253.95 405.07 Td (Assessment of Civil Money Penalty Issued Upon Consent Dated December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 395.07 Td (2, 2016, incorporated by reference to Exhibit 10.1 to the Customers Bancorp Form 8-K filed with the SEC on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 385.07 Td (December 7, 2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 365.07 Td (10.22+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 365.07 Td (Amended and Restated Employment ) Tj ET Q q 0 0 0 rg BT 242.86 365.07 Td (Agreement, dated as of December 30, 2016, by and between Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 355.07 Td (Bancorp, Inc. and Richard Ehst, incorporated by reference to Exhibit 10.2 to the Customers Bancorp Form 8-K ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 345.07 Td (filed with the SEC on December 30, 2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 325.07 Td (10.23+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 325.07 Td (Amended and Restated Employment ) Tj ET Q q 0 0 0 rg BT 242.86 325.07 Td (Agreement, dated as of December 30, 2016, by and between Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 315.07 Td (Bancorp, Inc. and Jay S. Sidhu. incorporated by reference to Exhibit 10.1 to the Customers Bancorp Form 8-K filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 305.07 Td (with the SEC on December 30, 2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 285.07 Td (10.24+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 285.07 Td (Letter ) Tj ET Q q 0 0 0 rg BT 119.82 285.07 Td (Agreement, dated as of December 30, 2016, by and between Customers Bancorp, Inc. and Jay S. Sidhu. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 275.07 Td (incorporated by reference to Exhibit 10.3 to the Customers Bancorp Form 8-K filed with the SEC on December 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 265.07 Td (2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 245.07 Td (21.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 245.07 Td (List of Subsidiaries of Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 226.07 Td (23.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 226.07 Td (Consent of BDO USA, LLP) Tj ET Q q 0 0 0 rg BT 205.40 226.07 Td (, filed herewith) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 207.07 Td (31.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 207.07 Td (Certification of the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 250.15 207.07 Td (ficer Pursuant to Exchange ) Tj ET Q q 0 0 0 rg BT 360.12 207.07 Td (Act Rule 13a-14\(a\) or Rule 15d-14\(a\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 188.07 Td (31.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 188.07 Td (Certification of the Chief Financial Of) Tj ET Q q 0 0 0 rg BT 247.38 188.07 Td (ficer Pursuant to Exchange ) Tj ET Q q 0 0 0 rg BT 357.35 188.07 Td (Act Rule 13a-14\(a\) or Rule 15d-14\(a\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 169.07 Td (32.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 169.07 Td (Certification of the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 250.15 169.07 Td (ficer Pursuant to 18 U.S.C. Section 1350, as ) Tj ET Q q 0 0 0 rg BT 428.47 169.07 Td (Adopted Pursuant to Section ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 159.07 Td (906 of the Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 202.86 159.07 Td (Act of 2002) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 140.07 Td (32.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 140.07 Td (Certification of the Chief Financial Of) Tj ET Q q 0 0 0 rg BT 247.38 140.07 Td (ficer Pursuant to 18 U.S.C. Section 1350, as ) Tj ET Q q 0 0 0 rg BT 425.70 140.07 Td (Adopted Pursuant to Section 906 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 130.07 Td (of the Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 185.36 130.07 Td (Act of 2002) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 111.07 Td (101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 111.07 Td (Interactive Data Files regarding \(a\) Balance Sheets as of December31, 2017 and 2016, \(b\) Statements of Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 101.07 Td (for the years ended December31, 2017, 2016 and 2015, \(c\) Statements of Comprehensive Income for the years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 91.07 Td (ended December31, 2017, 2016 and 2015, \(d\) Statements of Cash Flows for the years ended December31, 2017,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 81.07 Td (2016 and 2015, \(e\) Statements of Changes in Shareholders) Tj ET Q q 0 0 0 rg BT 331.63 81.07 Td ( Equity for the years ended December31, 2017, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 71.07 Td (and 2015 and \(f\) Notes to Financial Statements for the years ended December31, 2017, 2016 and 2015.) 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