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Tj ET Q q 0 0 0 rg BT 76.57 60.30 Td (Y) Tj ET Q q 0 0 0 rg BT 82.79 60.30 Td (es) Tj ET Q /GS0 gs q 8.91 0 0 10.09 96.12 58.14 cm /I2 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.03 60.30 Td (No) Tj ET Q /GS0 gs q 10.60 0 0 10.09 132.25 58.14 cm /I3 Do Q endstream endobj 5 0 obj <>] /Rotate 0 /Contents 6 0 R>> endobj 6 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Indicate by check mark whether the registrant is not required to file reports pursuant to Section13 or Section15\(d\) of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Act.) 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Tj ET Q q 0 0 0 rg BT 82.68 622.10 Td (Y) Tj ET Q q 0 0 0 rg BT 88.90 622.10 Td (es) Tj ET Q /GS0 gs q 10.60 0 0 10.09 102.23 619.94 cm /I8 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.83 622.10 Td (No) Tj ET Q /GS0 gs q 8.91 0 0 10.09 140.05 619.94 cm /I9 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 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 50.00 586.10 Td (will not be contained, to the best of registrant) Tj ET Q q 0 0 0 rg BT 234.12 586.10 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 50.00 574.10 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 10.09 362.43 571.94 cm /I10 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Indicate by check mark whether the registrant is a lar) Tj ET Q q 0 0 0 rg BT 262.23 550.10 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 337.88 550.10 Td (, an accelerated filer) Tj ET Q q 0 0 0 rg BT 418.53 550.10 Td (, a non-accelerated filer) Tj ET Q q 0 0 0 rg BT 512.50 550.10 Td (, or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (smaller reporting company) Tj ET Q q 0 0 0 rg BT 157.09 538.10 Td (. See the definitions of lar) Tj ET Q q 0 0 0 rg BT 264.66 538.10 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 340.31 538.10 Td (, and smaller reporting company in Rule12b-2 of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.70 Td (the Exchange) Tj ET Q q 0 0 0 rg BT 106.09 523.70 Td (Act. \(Check One\):) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 179.67 523.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 502.87 Td (Largeacceleratedfiler) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.00 502.87 Td () Tj ET Q /GS0 gs q 8.91 0 0 9.76 158.00 500.74 cm /I11 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 502.87 Td (Acceleratedfiler) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 502.87 Td () Tj ET Q /GS0 gs q 10.60 0 0 9.76 551.00 500.74 cm /I12 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 483.87 Td (Non-accelerated filer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.00 483.87 Td () Tj ET Q /GS0 gs q 8.91 0 0 9.76 158.00 481.74 cm /I13 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 483.87 Td (Smallerreportingcompany) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.00 483.87 Td () Tj ET Q /GS0 gs q 8.91 0 0 9.76 551.00 481.74 cm /I14 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.70 Td (Indicate by check mark whether the registrant is a shell company \(as defined in Rule 12b-2 of the ) Tj ET Q q 0 0 0 rg BT 441.54 455.70 Td (Act\).) Tj ET Q q 0 0 0 rg BT 471.44 455.70 Td (Y) Tj ET Q q 0 0 0 rg BT 477.66 455.70 Td (es) Tj ET Q /GS0 gs q 8.91 0 0 10.09 490.99 453.54 cm /I15 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.90 455.70 Td (No) Tj ET Q /GS0 gs q 10.60 0 0 10.09 527.12 453.54 cm /I16 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.70 Td (The aggregate market value of common stock held by non-af) Tj ET Q q 0 0 0 rg BT 293.90 431.70 Td (filiates of the registrant was approximately $677,880,282 as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.70 Td (June30, 2015, based upon the closing price quoted on the New ) Tj ET Q q 0 0 0 rg BT 305.13 419.70 Td (Y) Tj ET Q q 0 0 0 rg BT 311.35 419.70 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 50.00 407.70 Td (held by each executive of) Tj ET Q q 0 0 0 rg BT 151.99 407.70 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 50.00 395.70 Td (deemed to be af) Tj ET Q q 0 0 0 rg BT 113.40 395.70 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 145.43 395.70 Td (This determination of executive of) Tj ET Q q 0 0 0 rg BT 283.54 395.70 Td (ficer or af) Tj ET Q q 0 0 0 rg BT 322.77 395.70 Td (filiate status is not necessarily a conclusive determination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.70 Td (for other purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.70 Td (On February19, 2016, 26,935,953 shares of ) Tj ET Q q 0 0 0 rg BT 228.96 359.70 Td (V) Tj ET Q q 0 0 0 rg BT 234.89 359.70 Td (oting Common Stock were issued and outstanding.) 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Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 666.0833984375 m 159.5615234375 666.0833984375 l s q 0 0 1 rg BT 124.00 667.42 Td (Business) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 651.0833984375 m 174.2783203125 651.0833984375 l s q 0 0 1 rg BT 124.00 652.42 Td (Risk Factors) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 636.0833984375 m 237.69140625 636.0833984375 l s q 0 0 1 rg BT 124.00 637.42 Td (Unresolved Staf) Tj ET Q q 0 0 1 rg BT 188.53 637.42 Td (f Comments) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 621.0833984375 m 164.546875 621.0833984375 l s q 0 0 1 rg BT 124.00 622.42 Td (Properties) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 606.0833984375 m 198.140625 606.0833984375 l s q 0 0 1 rg BT 124.00 607.42 Td (Legal Proceedings) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 591.0833984375 m 222.3154296875 591.0833984375 l s q 0 0 1 rg BT 124.00 592.42 Td (Mine Safety Disclosures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 53 561.86259765625 m 89.23046875 561.86259765625 l s q 0 0 1 rg BT 53.00 563.43 Td (P) Tj ET Q q 0 0 1 rg BT 58.37 563.43 Td (AR) Tj ET Q q 0 0 1 rg BT 72.46 563.43 Td (T) Tj ET Q q 0 0 1 rg BT 78.95 563.43 Td (II) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 547.0833984375 m 504.107421875 547.0833984375 l s q 0 0 1 rg BT 124.00 548.42 Td (Market for Registrant) Tj ET Q q 0 0 1 rg BT 213.42 548.42 Td (s Common Equity) Tj ET Q q 0 0 1 rg BT 285.55 548.42 Td (, Related Stockholder Matters and Issuer Purchases of ) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 537.0833984375 m 192.5986328125 537.0833984375 l s q 0 0 1 rg BT 124.00 538.42 Td (Equity Securities) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 522.0833984375 m 218.9609375 522.0833984375 l s q 0 0 1 rg BT 124.00 523.42 Td (Selected Financial Data) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 507.0833984375 m 482.291015625 507.0833984375 l s q 0 0 1 rg BT 124.00 508.42 Td (Management) Tj ET Q q 0 0 1 rg BT 178.98 508.42 Td (s Discussion and ) Tj ET Q q 0 0 1 rg BT 248.15 508.42 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 492.0833984375 m 363.3896484375 492.0833984375 l s q 0 0 1 rg BT 124.00 493.42 Td (Quantitative and Qualitative Disclosures about Market Risk) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 477.0833984375 m 308.951171875 477.0833984375 l s q 0 0 1 rg BT 124.00 478.42 Td (Financial Statements and Supplementary Data) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 462.0833984375 m 482.8134765625 462.0833984375 l s q 0 0 1 rg BT 124.00 463.42 Td (Changes in and Disagreements with ) Tj ET Q q 0 0 1 rg BT 269.81 463.42 Td (Accountants on ) Tj ET Q q 0 0 1 rg BT 334.24 463.42 Td (Accounting and Financial Disclosure) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 447.0833984375 m 222.3154296875 447.0833984375 l s q 0 0 1 rg BT 124.00 448.42 Td (Controls and Procedures) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 432.0833984375 m 197.0322265625 432.0833984375 l s q 0 0 1 rg BT 124.00 433.42 Td (Other Information) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 53 402.86259765625 m 93.1220703125 402.86259765625 l s q 0 0 1 rg BT 53.00 404.43 Td (P) Tj ET Q q 0 0 1 rg BT 58.37 404.43 Td (AR) Tj ET Q q 0 0 1 rg BT 72.46 404.43 Td (T) Tj ET Q q 0 0 1 rg BT 78.95 404.43 Td (III) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 388.0833984375 m 351.4951171875 388.0833984375 l s q 0 0 1 rg BT 124.00 389.42 Td (Directors, Executive Of) Tj ET Q q 0 0 1 rg BT 219.06 389.42 Td (ficers and Corporate Governance) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (Item11.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 373.0833984375 m 224.25390625 373.0833984375 l s q 0 0 1 rg BT 124.00 374.42 Td (Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 358.0833984375 m 498.609375 358.0833984375 l s q 0 0 1 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 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 348.0833984375 m 154.546875 348.0833984375 l s q 0 0 1 rg BT 124.00 349.42 Td (Matters) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 333.0833984375 m 426.6953125 333.0833984375 l s q 0 0 1 rg BT 124.00 334.42 Td (Certain Relationships and Related ) Tj ET Q q 0 0 1 rg BT 262.68 334.42 Td (T) Tj ET Q q 0 0 1 rg BT 268.43 334.42 Td (ransactions, and Director Independence) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 318.0833984375 m 282.8525390625 318.0833984375 l s q 0 0 1 rg BT 124.00 319.42 Td (Principal ) Tj ET Q q 0 0 1 rg BT 162.05 319.42 Td (Accounting Fees and Services) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 53 288.86259765625 m 92.47021484375 288.86259765625 l s q 0 0 1 rg BT 53.00 290.43 Td (P) Tj ET Q q 0 0 1 rg BT 58.37 290.43 Td (AR) Tj ET Q q 0 0 1 rg BT 72.46 290.43 Td (T) Tj ET Q q 0 0 1 rg BT 78.95 290.43 Td (IV) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 274.0833984375 m 299.5224609375 274.0833984375 l s q 0 0 1 rg BT 124.00 275.42 Td (Exhibits and Financial Statement Schedules) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 124 259.0833984375 m 185.1181640625 259.0833984375 l s q 0 0 1 rg BT 124.00 260.42 Td (SIGNA) Tj ET Q q 0 0 1 rg BT 153.45 260.42 Td (TURES) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 554 666.0833984375 m 559 666.0833984375 l s q 0 0 1 rg BT 554.00 667.42 Td (4) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 651.0833984375 m 559 651.0833984375 l s q 0 0 1 rg BT 549.00 652.42 Td (17) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 636.0833984375 m 559 636.0833984375 l s q 0 0 1 rg BT 549.00 637.42 Td (42) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 621.0833984375 m 559 621.0833984375 l s q 0 0 1 rg BT 549.00 622.42 Td (42) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 606.0833984375 m 559 606.0833984375 l s q 0 0 1 rg BT 549.00 607.42 Td (44) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 591.0833984375 m 559 591.0833984375 l s q 0 0 1 rg BT 549.00 592.42 Td (44) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 537.0833984375 m 559 537.0833984375 l s q 0 0 1 rg BT 549.00 538.42 Td (44) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 522.0833984375 m 559 522.0833984375 l s q 0 0 1 rg BT 549.00 523.42 Td (47) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 507.0833984375 m 559 507.0833984375 l s q 0 0 1 rg BT 549.00 508.42 Td (54) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 492.0833984375 m 559 492.0833984375 l s q 0 0 1 rg BT 549.00 493.42 Td (83) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 549 477.0833984375 m 559 477.0833984375 l s q 0 0 1 rg BT 549.00 478.42 Td (86) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 544 462.0833984375 m 559 462.0833984375 l s q 0 0 1 rg BT 544.00 463.42 Td (150) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 544 447.0833984375 m 559 447.0833984375 l s q 0 0 1 rg BT 544.00 448.42 Td (150) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 544 432.0833984375 m 559 432.0833984375 l s q 0 0 1 rg BT 544.00 433.42 Td (150) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 544 388.0833984375 m 559 388.0833984375 l s q 0 0 1 rg BT 544.00 389.42 Td (151) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 544 373.0833984375 m 559 373.0833984375 l s q 0 0 1 rg BT 544.00 374.42 Td (151) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 544 348.0833984375 m 559 348.0833984375 l s q 0 0 1 rg BT 544.00 349.42 Td (151) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 544 333.0833984375 m 559 333.0833984375 l s q 0 0 1 rg BT 544.00 334.42 Td (151) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 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147.05 Td (Continued volatility in the credit and equity markets and its ef) Tj ET Q q 0 0 0 rg BT 323.45 147.05 Td (fect on the general economy;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.35 129.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 129.05 Td (Ef) Tj ET Q q 0 0 0 rg BT 84.61 129.05 Td (fects of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 117.05 Td (Public Company ) Tj ET Q q 0 0 0 rg BT 144.24 117.05 Td (Accounting Oversight Board, the Financial ) Tj ET Q q 0 0 0 rg BT 318.65 117.05 Td (Accounting Standards Board and other accounting standard ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 105.05 Td (setters;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.35 87.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 87.05 Td (The businesses of Customers Bank and any acquisition tar) Tj ET Q q 0 0 0 rg BT 308.46 87.05 Td (gets or mer) Tj ET Q q 0 0 0 rg BT 353.26 87.05 Td (ger partners and subsidiaries not integrating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 75.05 Td (successfully or such integration being more dif) Tj ET Q q 0 0 0 rg BT 262.90 75.05 Td (ficult, time-consuming or costly than expected, including with respect to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 63.05 Td (our proposed acquisition of certain assets from Higher One;) Tj ET Q endstream endobj 11 0 obj <>] /Rotate 0 /Contents 12 0 R>> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.35 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 742.10 Td (Material dif) Tj ET Q q 0 0 0 rg BT 122.65 742.10 Td (ferences in the actual financial results of mer) Tj ET Q q 0 0 0 rg BT 302.11 742.10 Td (ger and acquisition activities compared with expectations, such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 730.10 Td (as with respect to the full realization of anticipated cost savings and revenue enhancements within an expected time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 718.10 Td (frame, including with respect to our proposed acquisition of certain assets of Higher One; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.35 700.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 700.10 Td (Our ability to successfully implement our growth strategy) Tj ET Q q 0 0 0 rg BT 306.04 700.10 Td (, control expenses and maintain liquidity; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.35 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.35 682.10 Td (Customers Bank) Tj ET Q q 0 0 0 rg BT 144.51 682.10 Td (s ability to pay dividends to Customers Bancorp.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.70 Td (Y) Tj ET Q q 0 0 0 rg BT 56.22 655.70 Td (ou are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof, or) Tj ET Q q 0 0 0 rg BT 552.31 655.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.70 Td (in the case of other documents referred to herein, the dates of those documents. Customers Bancorp does not undertake any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 631.70 Td (obligation to release publicly or otherwise provide any revisions to these forward-looking statements to reflect events or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.70 Td (circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events, except as may be required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.70 Td (under applicable law) Tj ET Q q 0 0 0 rg BT 132.65 607.70 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 565.70 Td (CUST) Tj ET Q q 0 0 0 rg BT 76.49 565.70 Td (OMERS BANCORP) Tj ET Q q 0 0 0 rg BT 164.19 565.70 Td (, INC. ) Tj ET Q q 0 0 0 rg BT 191.97 565.70 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 547.70 Td (P) Tj ET Q q 0 0 0 rg BT 55.37 547.70 Td (AR) Tj ET Q q 0 0 0 rg BT 69.46 547.70 Td (T) Tj ET Q q 0 0 0 rg BT 75.95 547.70 Td ( I) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 540.50 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 528.50 Td (Item1. ) Tj ET Q q 0 0 0 rg BT 86.00 528.50 Td (Business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.50 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 50.00 498.50 Td (through its wholly owned subsidiary) Tj ET Q q 0 0 0 rg BT 195.45 498.50 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 50.00 486.50 Td ("Customers" herein.Customers Bancorp has made certain equity investments through its wholly owned subsidiaries CB Green ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.50 Td (V) Tj ET Q q 0 0 0 rg BT 56.11 474.50 Td (entures Pte Ltd. and CUBI India ) Tj ET Q q 0 0 0 rg BT 187.85 474.50 Td (V) Tj ET Q q 0 0 0 rg BT 193.96 474.50 Td (entures Pte Ltd. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 444.50 Td (Business Summary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.50 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 50.00 414.50 Td (and middle market businesses, not-for) Tj ET Q q 0 0 0 rg BT 202.27 414.50 Td (-profits, and consumers through its branches and of) Tj ET Q q 0 0 0 rg BT 407.59 414.50 Td (fices in Southeastern Pennsylvania ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.50 Td (\(Bucks, Berks, Chester) Tj ET Q q 0 0 0 rg BT 141.81 402.50 Td (, Delaware and Philadelphia Counties\), R) Tj ET Q q 0 0 0 rg BT 307.20 402.50 Td (ye Brook, Melville and New ) Tj ET Q q 0 0 0 rg BT 423.47 402.50 Td (Y) Tj ET Q q 0 0 0 rg BT 429.69 402.50 Td (ork, New ) Tj ET Q q 0 0 0 rg BT 469.03 402.50 Td (Y) Tj ET Q q 0 0 0 rg BT 475.25 402.50 Td (ork \(W) Tj ET Q q 0 0 0 rg BT 503.05 402.50 Td (estchester) Tj ET Q q 0 0 0 rg BT 542.07 402.50 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.50 Td (Suf) Tj ET Q q 0 0 0 rg BT 63.71 390.50 Td (folk and New ) Tj ET Q q 0 0 0 rg BT 120.27 390.50 Td (Y) Tj ET Q q 0 0 0 rg BT 126.49 390.50 Td (ork Counties\), 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 50.00 378.50 Td (Portsmouth, New Hampshire \(Rockingham County\) and Boston, Massachusetts \(Suf) Tj ET Q q 0 0 0 rg BT 388.68 378.50 Td (folk County\). 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Customers Bank also focuses on certain low-cost specialty lending areas such as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.50 Td (multi-family/commercial real estate lending and lending to mortgage banking businesses. ) Tj ET Q q 0 0 0 rg BT 410.00 270.50 Td (The Bank) Tj ET Q q 0 0 0 rg BT 451.93 270.50 Td (s lending activities are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.50 Td (funded in part by deposits from its branch model, which seeks higher deposit levels per branch than a typical bank, combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 246.50 Td (with lower branch operating expenses, without sacrificing exceptional customer service. Customers also creates franchise value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.50 Td (through its disciplined approach to acquisitions, both in terms of identifying tar) Tj ET Q q 0 0 0 rg BT 366.99 234.50 Td (gets and structuring transactions. Enterprise risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.50 Td (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 50.00 198.50 Td (Customers also 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 50.00 186.50 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 50.00 174.50 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 174.50 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 50.00 162.50 Td (or other web-enabled device. BankMobile provides a nationwide deposit-aggregation platform. BankMobile focuses on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.50 Td (aggregation of low-cost deposits and currently of) Tj ET Q q 0 0 0 rg BT 246.43 150.50 Td (fers no fee banking, lines of credits to qualified customers, no overdraft fees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.50 Td (higher than average interest rate on savings, and access to 55,000 \(and if the customer makes a monthly direct deposit over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.50 Td (400,000\) ) Tj ET Q q 0 0 0 rg BT 87.78 126.50 Td (A) Tj ET Q q 0 0 0 rg BT 93.89 126.50 Td (TMs across the U.S. Customers believes that by consolidating BankMobile with the Disbursements business to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.50 Td (obtained from Higher One, Inc., with approximately 2.0 million student deposit customers, tar) Tj ET Q q 0 0 0 rg BT 426.68 114.50 Td (geted for second quarter 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.50 Td (Customers will be uniquely positioned to become the graduating students "bank for life" and service each graduate's financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.50 Td (needs throughout their life. Successful execution of the BankMobile strategy) Tj ET Q q 0 0 0 rg BT 358.99 90.50 Td (, including its consolidation with Higher One's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.50 Td (Disbursements business, will greatly accelerate BankMobile's ability to achieve profitability) Tj ET Q q 0 0 0 rg BT 418.28 78.50 Td (. BankMobile's revenues are lar) Tj ET Q q 0 0 0 rg BT 544.58 78.50 Td (gely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.50 Td (derived from interchange char) Tj ET Q q 0 0 0 rg BT 170.59 66.50 Td (ges paid by the product selling vendor and user based fees for specific activities \(such as lost card ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.50 Td (replacement\) and net interest income on assets funded by the aggregated deposits.) Tj ET Q endstream endobj 13 0 obj <>] /Rotate 0 /Contents 14 0 R>> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 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 50.00 730.10 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 730.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 78.29 730.10 Td (, Jay Sidhu, who joined Customers in June 2009. Mr) Tj ET Q q 0 0 0 rg BT 287.73 730.10 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 50.00 718.10 Td (years as the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 176.71 718.10 Td (ficer and Chairman of Sovereign Bancorp. In addition to Mr) Tj ET Q q 0 0 0 rg BT 417.21 718.10 Td (.Sidhu, a number of the members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (of the current management team have experience working together at Sovereign with Mr) Tj ET Q q 0 0 0 rg BT 404.87 706.10 Td (.Sidhu. Many other team members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 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 508.84 694.10 Td (ganizations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Combined, the Customers management team has significant experience in building a banking or) Tj ET Q q 0 0 0 rg BT 434.44 682.10 Td (ganization, completing and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (integrating mer) Tj ET Q q 0 0 0 rg BT 111.19 670.10 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 50.00 640.10 Td (Backgr) Tj ET Q q 0 0 0 rg BT 80.93 640.10 Td (ound and History) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Customers Bancorp was incorporated in Pennsylvania in ) Tj ET Q q 0 0 0 rg BT 278.57 622.10 Td (April 2010 to facilitate a reor) Tj ET Q q 0 0 0 rg BT 395.29 622.10 Td (ganization into a bank holding company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (structure pursuant to which Customers Bank became a wholly owned subsidiary of Customers Bancorp \(the Reor) Tj ET Q q 0 0 0 rg BT 507.77 610.10 Td (ganization\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (on September17, 201) Tj ET Q q 0 0 0 rg BT 137.39 598.10 Td (1. Pursuant to the Reor) Tj ET Q q 0 0 0 rg BT 229.15 598.10 Td (ganization, all of the issued and outstanding shares of ) Tj ET Q q 0 0 0 rg BT 445.58 598.10 Td (V) Tj ET Q q 0 0 0 rg BT 451.51 598.10 Td (oting Common Stock and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Class B Non-V) Tj ET Q q 0 0 0 rg BT 109.82 586.10 Td (oting Common Stock of Customers Bank were exchanged on a one-for) Tj ET Q q 0 0 0 rg BT 393.45 586.10 Td (-three basis for shares of ) Tj ET Q q 0 0 0 rg BT 494.07 586.10 Td (V) Tj ET Q q 0 0 0 rg BT 500.00 586.10 Td (oting Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Stock and Class B Non-V) Tj ET Q q 0 0 0 rg BT 152.04 574.10 Td (oting Common Stock, respectively) Tj ET Q q 0 0 0 rg BT 290.26 574.10 Td (, of Customers Bancorp. Customers Bancorp) Tj ET Q q 0 0 0 rg BT 472.18 574.10 Td (s corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (headquarters are located at 1015 Penn ) Tj ET Q q 0 0 0 rg BT 203.83 562.10 Td (A) Tj ET Q q 0 0 0 rg BT 210.31 562.10 Td (venue, ) Tj ET Q q 0 0 0 rg BT 239.00 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 247.84 562.10 Td (yomissing, Pennsylvania 19610. ) Tj ET Q q 0 0 0 rg BT 379.60 562.10 Td (The main telephone number is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (\(610\)933-2000.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 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 50.00 514.10 Td (Insurance Corporation. Customers Bank) Tj ET Q q 0 0 0 rg BT 213.86 514.10 Td (s home of) Tj ET Q q 0 0 0 rg BT 253.12 514.10 Td (fice is located at 99 Bridge Street, Phoenixville, Pennsylvania 19460. ) Tj ET Q q 0 0 0 rg BT 532.60 514.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (main telephone number is \(610\)933-2000.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (Executive Summary) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Customers' Markets) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (Market Criteria) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Customers looks to grow or) Tj ET Q q 0 0 0 rg BT 160.93 418.10 Td (ganically as well as through selective acquisitions in its current and prospective markets. Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (believes that there is significant opportunity to both enhance its presence in its current markets and enter new complementary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (markets that meet its objectives. Customers focuses on markets that it believes are characterized by some or all of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (following:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 374.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 362.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 362.90 Td (Population density;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 344.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 344.90 Td (Concentration of business activity;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 326.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 326.90 Td (Attractive deposit bases;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 308.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 308.90 Td (Significant market share held by lar) Tj ET Q q 0 0 0 rg BT 228.43 308.90 Td (ge banks;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 290.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 290.90 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 67.60 272.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 272.90 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 67.60 254.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 254.90 Td (Potential for economic growth over time; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 236.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 236.90 Td (Management experience in the applicable markets.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 206.90 Td (Current Markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.90 Td (Customers' tar) Tj ET Q q 0 0 0 rg BT 107.45 188.90 Td (get market is broadly defined as extending from the greater ) Tj ET Q q 0 0 0 rg BT 346.62 188.90 Td (W) Tj ET Q q 0 0 0 rg BT 355.26 188.90 Td (ashington, D.C. area to Boston, Massachusetts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.90 Td (roughly following Interstate 95. ) Tj ET Q q 0 0 0 rg BT 179.15 176.90 Td (As of December31, 2015, Customers had bank branches or limited purpose of) Tj ET Q q 0 0 0 rg BT 493.33 176.90 Td (fices \(LPOs\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.90 Td (in the following locations:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 144.50 Td () Tj ET Q endstream endobj 15 0 obj <>] /Rotate 0 /Contents 16 0 R>> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 735.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 735.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 735.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 735.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 705.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 705.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 705.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 705.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 675.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 675.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 675.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 675.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 645.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 645.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 645.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 645.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 615.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 615.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 615.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 615.50 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 428.5 735.5 m 493.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 735.5 m 562.5 735.5 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 53 738.68671875 m 76.1015625 738.68671875 l s q 0 0 0 rg BT 53.00 739.75 Td (Market) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.80 739.75 Td (Offices) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.55 739.75 Td (Type) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 726.07 Td (Berks County, PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 725.17 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 725.17 Td (Branch) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 711.07 Td (Boston, Massachusetts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 710.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 710.17 Td (LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 696.07 Td (Mercer County, NJ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 695.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.10 695.17 Td (Branch) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 681.07 Td (New York, NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 680.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 680.17 Td (LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 666.07 Td (Philadelphia-Southeastern PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 665.17 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.45 665.17 Td (Branch/LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 651.07 Td (Portsmouth, NH) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 650.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 650.17 Td (LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 636.07 Td (Providence, RI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 635.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 635.17 Td (LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.07 Td (Suffolk County, NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 620.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.10 620.17 Td (LPO) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 606.07 Td (Westchester County, NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 605.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.45 605.17 Td (Branch/LPO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.00 Td (Customers believes its tar) Tj ET Q q 0 0 0 rg BT 152.86 589.00 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 50.00 577.00 Td (with its objectives and favorable to executing its or) Tj ET Q q 0 0 0 rg BT 254.21 577.00 Td (ganic growth and acquisition strategies. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 547.00 Td (Prospective Markets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.00 Td (The or) Tj ET Q q 0 0 0 rg BT 76.20 529.00 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 50.00 517.00 Td (generating deposits, loan and fee based services through its Concier) Tj ET Q q 0 0 0 rg BT 320.85 517.00 Td (ge Banking high-touch personalized service supported by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.00 Td (state of the art technology for the Bank) Tj ET Q q 0 0 0 rg BT 209.12 505.00 Td (s commercial, consumer) Tj ET Q q 0 0 0 rg BT 306.18 505.00 Td (, not-for) Tj ET Q q 0 0 0 rg BT 338.75 505.00 Td (-profit, and specialized lending markets. ) Tj ET Q q 0 0 0 rg BT 502.12 505.00 Td (While ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.00 Td (Customers has not acquired any banks since 201) Tj ET Q q 0 0 0 rg BT 243.75 493.00 Td (1, its bank acquisition strategy is focused on undervalued and troubled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.00 Td (community banks in Pennsylvania, New Jersey) Tj ET Q q 0 0 0 rg BT 238.21 481.00 Td (, New ) Tj ET Q q 0 0 0 rg BT 264.22 481.00 Td (Y) Tj ET Q q 0 0 0 rg BT 270.44 481.00 Td (ork, Maryland, ) Tj ET Q q 0 0 0 rg BT 332.47 481.00 Td (V) Tj ET Q q 0 0 0 rg BT 339.09 481.00 Td (ir) Tj ET Q q 0 0 0 rg BT 345.01 481.00 Td (ginia and New England, where such acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.00 Td (further Customers' objectives and meet its critical success factors. Customers will also consider other acquisitions that will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.00 Td (contribute banking business, such as the pending acquisition of the disbursement business of Higher One, Inc. ) Tj ET Q q 0 0 0 rg BT 491.87 457.00 Td (As Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.00 Td (evaluates potential acquisition and asset purchase opportunities, it believes there are many banking institutions that continue to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.00 Td (face credit challenges, capital constraints and liquidity issues and that lack the scale and management expertise to manage the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.00 Td (increasing regulatory burden.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 391.00 Td (Competitive Strengths) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 383.80 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 371.80 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 371.80 Td (Experienced and r) Tj ET Q q 0 0 0 rg BT 179.54 371.80 Td (espected management team.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 371.80 Td ( ) Tj ET Q q 0 0 0 rg BT 293.95 371.80 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 106.05 359.80 Td (capitalize on and leverage the prior experience of its executive management team. ) Tj ET Q q 0 0 0 rg BT 436.54 359.80 Td (The management team is led ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 347.80 Td (by Chairman and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 254.99 347.80 Td (ficer) Tj ET Q q 0 0 0 rg BT 272.91 347.80 Td (, Jay Sidhu, who is the former Chief Executive Of) Tj ET Q q 0 0 0 rg BT 472.96 347.80 Td (ficer and Chairman of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 335.80 Td (Sovereign Bancorp. In addition to Mr) Tj ET Q q 0 0 0 rg BT 256.03 335.80 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 106.05 323.80 Td (Customers have experience working together at Sovereign with Mr) Tj ET Q q 0 0 0 rg BT 374.31 323.80 Td (.Sidhu, including Richard Ehst, President and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 311.80 Td (Chief Operating Of) Tj ET Q q 0 0 0 rg BT 183.62 311.80 Td (ficer) Tj ET Q q 0 0 0 rg BT 201.54 311.80 Td (, as well as ) Tj ET Q q 0 0 0 rg BT 247.73 311.80 Td (W) Tj ET Q q 0 0 0 rg BT 256.37 311.80 Td (arren ) Tj ET Q q 0 0 0 rg BT 279.23 311.80 Td (T) Tj ET Q q 0 0 0 rg BT 284.64 311.80 Td (aylor) Tj ET Q q 0 0 0 rg BT 304.79 311.80 Td (, President of BankMobile. During their tenure at Sovereign, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 299.80 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 106.05 287.80 Td (managing risk, working with regulators and achieving or) Tj ET Q q 0 0 0 rg BT 333.04 287.80 Td (ganic growth and expense control. ) Tj ET Q q 0 0 0 rg BT 475.31 287.80 Td (T) Tj ET Q q 0 0 0 rg BT 480.72 287.80 Td (eam leaders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 275.80 Td (T) Tj ET Q q 0 0 0 rg BT 111.81 275.80 Td (imothy Romig, Regional Chief Lending Of) Tj ET Q q 0 0 0 rg BT 284.38 275.80 Td (ficer) Tj ET Q q 0 0 0 rg BT 302.30 275.80 Td (, Steve Issa, New England Marketing President and Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 263.80 Td (Lending Of) Tj ET Q q 0 0 0 rg BT 152.25 263.80 Td (ficer) Tj ET Q q 0 0 0 rg BT 170.16 263.80 Td (, and Geor) Tj ET Q q 0 0 0 rg BT 211.91 263.80 Td (ge Maroulis, Head of Private and Commercial Banking - New ) Tj ET Q q 0 0 0 rg BT 462.30 263.80 Td (Y) Tj ET Q q 0 0 0 rg BT 468.53 263.80 Td (ork, head the New ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 251.80 Td (Jersey and Pennsylvania, New England, and New ) Tj ET Q q 0 0 0 rg BT 306.46 251.80 Td (Y) Tj ET Q q 0 0 0 rg BT 312.68 251.80 Td (ork commercial lending areas, respectively) Tj ET Q q 0 0 0 rg BT 483.90 251.80 Td (, with 32, 39, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 239.80 Td (24 years of experience, respectively) Tj ET Q q 0 0 0 rg BT 248.94 239.80 Td (. Ken Keiser) Tj ET Q q 0 0 0 rg BT 301.30 239.80 Td (, Director of Multi-Family and Investment Commercial Real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 227.80 Td (Estate Lending, leads the commercial real estate and multi-family lending group and brings more than 39 years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 215.80 Td (of 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 106.05 203.80 Td (residential lending group, which includes mortgage loans to individuals and commercial loans \(warehouse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 191.80 Td (facilities\) to residential mortgage originators, is led by Glenn Hedde, President of ) Tj ET Q q 0 0 0 rg BT 434.12 191.80 Td (W) Tj ET Q q 0 0 0 rg BT 442.75 191.80 Td (arehouse Lending who brings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 179.80 Td (more than 25 years of experience in this sector) Tj ET Q q 0 0 0 rg BT 292.09 179.80 Td (. ) Tj ET Q q 0 0 0 rg BT 296.91 179.80 Td (This team has significant experience in successfully building a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 167.80 Td (banking or) Tj ET Q q 0 0 0 rg BT 148.92 167.80 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 50.00 160.60 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 148.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 148.60 Td (Unique ) Tj ET Q q 0 0 0 rg BT 137.81 148.60 Td (Asset and Deposit Generation Strategies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.07 148.60 Td ( Customers focuses on local market lending combined with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 136.60 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 106.05 124.60 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 106.05 112.60 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 106.05 100.60 Td (particularly New ) Tj ET Q q 0 0 0 rg BT 175.65 100.60 Td (Y) Tj ET Q q 0 0 0 rg BT 181.87 100.60 Td (ork City) Tj ET Q q 0 0 0 rg BT 214.28 100.60 Td (. ) Tj ET Q q 0 0 0 rg BT 219.10 100.60 Td (The strategy is to focus on refinancing existing loans with conservative underwriting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 88.60 Td (and to keep costs low) Tj ET Q q 0 0 0 rg BT 191.49 88.60 Td (. ) Tj ET Q q 0 0 0 rg BT 196.31 88.60 Td (Through the multi-family and commercial real estate product, Customers earns interest and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 76.60 Td (fee income and generates commercial deposits. Customers also maintains a specialty lending business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 64.60 Td (commercial loans to mortgage originators, which is a national business where the Bank provides liquidity to non-) Tj ET Q endstream endobj 17 0 obj <>] /Rotate 0 /Contents 18 0 R>> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 106.05 742.10 Td (depository mortgage companies to fund their mortgage pipelines and meet other business needs. ) Tj ET Q q 0 0 0 rg BT 492.99 742.10 Td (Through the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 730.10 Td (loans to mortgage bankers business, 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 88.05 706.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 706.10 Td (BankMobile Strategy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.75 706.10 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 106.05 694.10 Td (the product delivery flexibility demanded by the millennial generation and the low cost of the smart phone ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 682.10 Td (delivery channel. BankMobile refers to Customers' ef) Tj ET Q q 0 0 0 rg BT 320.11 682.10 Td (forts to build a full service bank that is accessible to our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 670.10 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 106.05 658.10 Td (provides a nationwide deposit-aggregation platform. BankMobile focuses on the aggregation of low-cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 646.10 Td (deposits and currently of) Tj ET Q q 0 0 0 rg BT 205.01 646.10 Td (fers no fee banking, lines of credits to qualified customers, no overdraft fees, higher than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 634.10 Td (average interest rate on savings, and access to 55,000 \(and if the customer makes a monthly direct deposit over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 622.10 Td (400,000\) ) Tj ET Q q 0 0 0 rg BT 143.83 622.10 Td (A) Tj ET Q q 0 0 0 rg BT 149.94 622.10 Td (TMs across the U.S. Customers believes that by consolidating BankMobile with the Disbursements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 610.10 Td (business to be obtained from Higher One, Inc., with approximately 2.0 million student deposit customers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 598.10 Td (tar) Tj ET Q q 0 0 0 rg BT 116.42 598.10 Td (geted for second quarter 2016, Customers will be uniquely positioned to become the graduating students "bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 586.10 Td (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 106.05 574.10 Td (BankMobile strategy) Tj ET Q q 0 0 0 rg BT 189.55 574.10 Td (, including its consolidation with Higher One's Disbursements business, will greatly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 562.10 Td (accelerate BankMobile's ability to achieve profitability) Tj ET Q q 0 0 0 rg BT 325.18 562.10 Td (. BankMobile's revenues are lar) Tj ET Q q 0 0 0 rg BT 451.47 562.10 Td (gely derived from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 550.10 Td (interchange char) Tj ET Q q 0 0 0 rg BT 172.22 550.10 Td (ges paid by the product selling vendor and user based fees for specific activities \(such as lost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 538.10 Td (card replacement\) and net interest income on assets funded by the aggregated deposits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 520.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 520.10 Td (Attractive risk pr) Tj ET Q q 0 0 0 rg BT 174.00 520.10 Td (ofile.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.27 520.10 Td ( Customers has sought to maintain high asset quality and moderate credit risk by using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 508.10 Td (conservative underwriting standards and early identification of potential problem assets. Customers has also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 496.10 Td (formed a special assets department to manage the covered assets portfolio and review other classified and non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 484.10 Td (performing assets. ) Tj ET Q q 0 0 0 rg BT 181.31 484.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.76 484.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.34 484.10 Td (, only $10.8 million, or 0.15%, of the Bank's total loan portfolio was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 472.10 Td (non performing. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 452.90 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 452.90 Td (Superior Community Banking Model.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.03 452.90 Td ( Customers expects to drive or) Tj ET Q q 0 0 0 rg BT 377.77 452.90 Td (ganic growth by employing its Concier) Tj ET Q q 0 0 0 rg BT 533.95 452.90 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 440.90 Td (Banking strategy) Tj ET Q q 0 0 0 rg BT 181.04 440.90 Td (, which provides specific relationship managers or private bankers for all customers, delivering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 428.90 Td (an appointment banking approach available 12 hours a day) Tj ET Q q 0 0 0 rg BT 340.88 428.90 Td (, seven days a week. ) Tj ET Q q 0 0 0 rg BT 424.83 428.90 Td (This allows Customers to provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 416.90 Td (services in a personalized, convenient and expeditious manner) Tj ET Q q 0 0 0 rg BT 354.85 416.90 Td (. ) Tj ET Q q 0 0 0 rg BT 359.67 416.90 Td (This approach, coupled with superior technology) Tj ET Q q 0 0 0 rg BT 555.08 416.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 404.90 Td (including remote account opening, remote deposit capture, mobile banking and the first fee free mobile first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 392.90 Td (digital bank, BankMobile, results in a competitive advantage over lar) Tj ET Q q 0 0 0 rg BT 382.73 392.90 Td (ger institutions, which management believes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 380.90 Td (contributes to the profitability of its franchise and allows the Bank to generate core deposits. ) Tj ET Q q 0 0 0 rg BT 477.99 380.90 Td (The high-tech, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 368.90 Td (high-touch, model requires less staf) Tj ET Q q 0 0 0 rg BT 252.77 368.90 Td (f and smaller branch locations to operate, thereby significantly reducing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 356.90 Td (operating costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 338.90 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 106.05 338.90 Td (Acquisition Expertise.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.37 338.90 Td ( ) Tj ET Q q 0 0 0 rg BT 196.68 338.90 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 106.05 326.90 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 106.05 314.90 Td (acquisition tar) Tj ET Q q 0 0 0 rg BT 162.80 314.90 Td (gets. ) Tj ET Q q 0 0 0 rg BT 183.73 314.90 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 106.05 302.90 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 106.05 290.90 Td (consummating future acquisitions. ) Tj ET Q q 0 0 0 rg BT 246.03 290.90 Td (Additionally) Tj ET Q q 0 0 0 rg BT 295.93 290.90 Td (, management believes Customers' strengths in structuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 278.90 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 106.05 266.90 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 106.05 254.90 Td (enable it to capitalize on the potential of the franchises it acquires. ) Tj ET Q q 0 0 0 rg BT 373.27 254.90 Td (W) Tj ET Q q 0 0 0 rg BT 382.30 254.90 Td (ith Customers' depth of operational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 242.90 Td (experience in connection with completing mer) Tj ET Q q 0 0 0 rg BT 291.64 242.90 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 106.05 230.90 Td (and reposition acquired franchises cost-ef) Tj ET Q q 0 0 0 rg BT 272.47 230.90 Td (ficiently with a minimum disruption to customer relationships.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.90 Td (Customers believes its ability to operate ef) Tj ET Q q 0 0 0 rg BT 220.33 206.90 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 50.00 194.90 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 50.00 182.90 Td (Customers anticipates additional expense syner) Tj ET Q q 0 0 0 rg BT 239.21 182.90 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 50.00 170.90 Td (financial performance.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 140.90 Td (Segments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.90 Td (Customers has one reportable segment, Community Banking. ) Tj ET Q q 0 0 0 rg BT 306.90 122.90 Td (All of Customers' activities are interrelated, and each activity is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.90 Td (dependent and assessed based on how each of the activities supports the others. For example, lending is dependent upon the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.90 Td (ability of Customers to fund itself with deposits and borrowings while managing interest rate and credit risk. ) Tj ET Q q 0 0 0 rg BT 486.03 98.90 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 535.37 98.90 Td (, all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.90 Td (significant operating decisions are based upon analysis of Customers as one segment or unit.) Tj ET Q endstream endobj 19 0 obj <>] /Rotate 0 /Contents 20 0 R>> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (Products) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Customers of) Tj ET Q q 0 0 0 rg BT 103.43 724.25 Td (fers a broad range of traditional loan and deposit banking products and financial services, and more recently non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (traditional products and services through the successful Phase 1 launch of BankMobile in January 2015, to its commercial and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (consumer customers. Customers of) Tj ET Q q 0 0 0 rg BT 190.35 700.25 Td (fers an array of lending products to cater to its customers) Tj ET Q q 0 0 0 rg BT 420.64 700.25 Td ( needs, including small business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (loans, mortgage warehouse loans, multi-family and commercial real estate loans, equipment loans, residential mortgage loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (and other consumer loans. Customers also of) Tj ET Q q 0 0 0 rg BT 229.51 676.25 Td (fers traditional deposit products, including commercial and consumer checking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (accounts, non-interest-bearing demand accounts, money market deposit accounts, savings accounts and time deposit accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (and cash management services. Prior to January 2015, deposit products were available to customers only through branches of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (Customers Bank. ) Tj ET Q q 0 0 0 rg BT 123.71 640.25 Td (W) Tj ET Q q 0 0 0 rg BT 132.74 640.25 Td (ith the successful launch of BankMobile, Customers is able to provide fee free banking to millennials, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (middle class ) Tj ET Q q 0 0 0 rg BT 101.66 628.25 Td (American families and underserved consumers throughout the United States. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (Lending ) Tj ET Q q 0 0 0 rg BT 86.58 598.25 Td (Activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (Customers Bank focuses its lending ef) Tj ET Q q 0 0 0 rg BT 203.41 580.25 Td (forts on the following lending areas:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 573.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 561.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 561.05 Td (Commercial Lending includes Business Banking \(commercial and industrial lending\), Small and Middle ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 549.05 Td (Market Business Banking, including small business administration \(SBA\) loans, Multi-family and Commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 537.05 Td (Real Estate lending, and commercial loans to mortgage originators; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 519.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 519.05 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 50.00 489.05 Td (Commercial Lending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.05 Td (The Bank) Tj ET Q q 0 0 0 rg BT 91.93 471.05 Td (s commercial lending is divided into four distinct groups: Business Banking, Small and Middle Market Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 459.05 Td (Banking, Multi-family and Commercial Real Estate Lending, and Mortgage Banking Lending. ) Tj ET Q q 0 0 0 rg BT 430.84 459.05 Td (This grouping is designed to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.05 Td (allow for greater resource deployment, higher standards of risk management, strong asset quality) Tj ET Q q 0 0 0 rg BT 437.01 447.05 Td (, lower interest rate risk and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.05 Td (higher productivity levels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 411.05 Td (The commercial lending group focuses on companies with annual revenues ranging from $1.0 million to $50.0 million, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 399.05 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 50.00 375.05 Td (The small and middle market business banking platform originates loans, including SBA) Tj ET Q q 0 0 0 rg BT 404.95 375.05 Td ( loans, through the branch network ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.05 Td (sales force and a team of dedicated Small Business relationship managers. ) Tj ET Q q 0 0 0 rg BT 349.17 363.05 Td (The support administration of the platform for this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.05 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 50.00 339.05 Td (strategic planning. Credit and sales training has been established for the sales force, ensuring that the Bank has small business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.05 Td (experts in place providing appropriate financial solutions to the small business owners in its communities. ) Tj ET Q q 0 0 0 rg BT 476.04 327.05 Td (A) Tj ET Q q 0 0 0 rg BT 482.71 327.05 Td ( division approach ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.05 Td (focuses on industries that of) Tj ET Q q 0 0 0 rg BT 162.02 315.05 Td (fer high asset quality and are deposit rich to drive profitability) Tj ET Q q 0 0 0 rg BT 409.63 315.05 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.05 Td (The goal of the Bank) Tj ET Q q 0 0 0 rg BT 137.20 291.05 Td (s 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 50.00 279.05 Td (estate loans within its covered markets, while cross selling its other products and services. ) Tj ET Q q 0 0 0 rg BT 412.51 279.05 Td (This business line primarily focuses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.05 Td (on refinancing existing loans, using conservative underwriting. ) Tj ET Q q 0 0 0 rg BT 304.48 267.05 Td (The primary collateral for these loans is a first-lien mortgage on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.05 Td (the multi-family property) Tj ET Q q 0 0 0 rg BT 150.99 255.05 Td (, plus an assignment of all leases related to such property) Tj ET Q q 0 0 0 rg BT 378.33 255.05 Td (. During the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.86 255.05 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.44 255.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 243.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 243.05 Td (, the Bank originated approximately $1.3 billion and $1.5 billion, respectively) Tj ET Q q 0 0 0 rg BT 397.89 243.05 Td (, of multi-family loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.05 Td (The goal of commercial loans to mortgage originators is to provide liquidity to mortgage companies. ) Tj ET Q q 0 0 0 rg BT 455.28 219.05 Td (The loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.05 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 50.00 195.05 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 50.00 183.05 Td (are insured or guaranteed by the U.S. government through one of their programs such as FHA, ) Tj ET Q q 0 0 0 rg BT 430.56 183.05 Td (V) Tj ET Q q 0 0 0 rg BT 436.49 183.05 Td (A, or are conventional loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.05 Td (eligible for sale to Fannie Mae and Freddie Mac. ) Tj ET Q q 0 0 0 rg BT 247.53 171.05 Td (The Bank is currently expanding its product of) Tj ET Q q 0 0 0 rg BT 434.25 171.05 Td (ferings to mortgage banks to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.05 Td (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 297.69 159.05 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.27 159.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.71 159.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.71 159.05 Td (, the Bank funded $29.9 billion and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.05 Td ($18.1 billion of mortgage loans, respectively) Tj ET Q q 0 0 0 rg BT 228.48 147.05 Td (, to mortgage originators and warehouses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.05 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 123.05 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 123.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 123.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 123.05 Td (, the Bank had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.73 123.05 Td ($6.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.84 123.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.28 123.05 Td ($5.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.39 123.05 Td (, respectively) Tj ET Q q 0 0 0 rg BT 417.06 123.05 Td (, in commercial loans outstanding, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.05 Td (composing approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.65 111.05 Td (94.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.48 111.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.91 111.05 Td (92.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.74 111.05 Td (, respectively) Tj ET Q q 0 0 0 rg BT 280.41 111.05 Td (, of its total loan portfolio, which includes loans held for sale. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.05 Td (the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.69 99.05 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.28 99.05 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.71 99.05 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.71 99.05 Td (, the Bank originated $0.9 billion and $0.8 billion, respectively) Tj ET Q q 0 0 0 rg BT 483.41 99.05 Td (, of commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.05 Td (loans, exclusive of multi-family loan originations and loans to mortgage originators and warehouses. ) Tj ET Q endstream endobj 21 0 obj <>] /Rotate 0 /Contents 22 0 R>> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) 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 (The Bank 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 184.49 712.25 Td (fered to solidify customer relationships and grow relationship revenues in the long term. ) Tj ET Q q 0 0 0 rg BT 539.78 712.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (lending is important in the Bank) Tj ET Q q 0 0 0 rg BT 181.93 700.25 Td (s ef) Tj ET Q q 0 0 0 rg BT 195.91 700.25 Td (forts to grow total relationship revenues for its consumer households. ) Tj ET Q q 0 0 0 rg BT 475.40 700.25 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 the Bank's commitment to lower and moderate income families in its market area. ) Tj ET Q q 0 0 0 rg BT 412.35 688.25 Td (The Bank plans to expand its product ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 676.25 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 218.86 640.25 Td (As part of this program, the Bank is of) Tj ET Q q 0 0 0 rg BT 372.82 640.25 Td (fering an Af) Tj ET Q q 0 0 0 rg BT 425.95 640.25 Td (fordable Mortgage Product. ) Tj ET Q q 0 0 0 rg BT 543.51 640.25 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 113.89 616.25 Td (As part of this commitment, a loan production of) Tj ET Q q 0 0 0 rg BT 309.50 616.25 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 121.67 604.25 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 133.41 580.25 Td (The Af) Tj ET Q q 0 0 0 rg BT 166.27 580.25 Td (fordable Mortgage Product is of) Tj ET Q q 0 0 0 rg BT 298.83 580.25 Td (fered throughout Customers Bank) Tj ET Q q 0 0 0 rg BT 437.42 580.25 Td (s CRA) Tj ET Q q 0 0 0 rg BT 463.82 580.25 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, 2015) 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 (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 556.25 Td (, the Bank had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.73 556.25 Td ($391.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.62 556.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.06 556.25 Td ($432.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.95 556.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 442.61 556.25 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, composing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.05 544.25 Td (5.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.88 544.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.32 544.25 Td (7.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.15 544.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 261.81 544.25 Td (, of the Bank) Tj ET Q q 0 0 0 rg BT 316.25 544.25 Td (s 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, 2015) 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 (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 532.25 Td (, the Bank originated $63.0 million and $77.0 million of consumer loans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 520.25 Td (. ) Tj ET Q q 0 0 0 rg BT 104.61 520.25 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.05 520.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.64 520.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.08 520.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.08 520.25 Td (, consumer loans included a balance of $72.7 million and $102.9 million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 508.25 Td (, of residential loans acquired from Flagstar in January 2014. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Private Banking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (Beginning in 2013, Customers Bank introduced a Private Banking model for its commercial clients in the major markets within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (its geographic footprint.) Tj ET Q q 0 0 0 rg BT 148.69 448.25 Td (This unique model provides unparalleled service to customers through an in-market team of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (experienced private bankers.) Tj ET Q q 0 0 0 rg BT 166.61 436.25 Td (Acting as a single-point-of-contact for all the banking needs of the Bank) Tj ET Q q 0 0 0 rg BT 459.02 436.25 Td (s commercial clients, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (these private bankers will deliver the whole bank not only to its clients, but to their families, their management teams, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (their employees, as well.) Tj ET Q q 0 0 0 rg BT 151.46 412.25 Td (W) Tj ET Q q 0 0 0 rg BT 160.49 412.25 Td (ith a world-class suite of sophisticated cash management products, these private bankers will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (deliver on Customers Bank) Tj ET Q q 0 0 0 rg BT 161.93 400.25 Td (s high-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 50.00 376.25 Td (Customers Bank opened its first private banking representative of) Tj ET Q q 0 0 0 rg BT 312.53 376.25 Td (fice in Manhattan in second quarter 2013, and eventually) Tj ET Q q 0 0 0 rg BT 539.86 376.25 Td (, all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (of its markets will be served by private bankers.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Deposit Products and Other Funding Sources) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (Customers Bank of) Tj ET Q q 0 0 0 rg BT 127.04 316.25 Td (fers a variety of deposit products to its customers, including checking accounts, savings accounts, money ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (market deposit accounts and other deposit accounts, including fixed-rate, fixed-maturity retail time deposits ranging in terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (from 30 days to five years, individual retirement accounts, and non-retail time deposits consisting of jumbo certificates greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (than or equal to $100,000. Using its high touch supported by high tech model, the Bank has experienced significantly higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (above average growth in core deposits in all of its markets. Customers Bank also utilizes wholesale deposit products, money ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (market and certificates of deposit obtained through listing services and borrowings from the FHLB as a source of funding. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (These funding sources of) Tj ET Q q 0 0 0 rg BT 150.63 244.25 Td (fer attractive funding costs in comparison to traditional sources of funding given the low interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (environment. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (Financial Products and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (In addition to traditional banking activities, Customers Bank provides other financial services to its customers, including: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (mobile phone banking, internet banking, wire transfers, electronic bill payment, lock box services, remote deposit capture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (services, courier services, merchant processing services, cash vault, controlled disbursements, positive pay and cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (management services \(including account reconciliation, collections and sweep accounts\). In January 2015, the Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (successfully launched BankMobile, ) Tj ET Q q 0 0 0 rg BT 194.41 136.25 Td (America's first mobile platform based full service consumer bank. BankMobile had over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (100,000 new checking accounts at December 31, 2015. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (Customers Bank competes with other financial institutions for deposit and loan business. Competitors include other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (commercial banks, savings banks, savings and loan associations, insurance companies, securities brokerage firms, credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (unions, finance companies, mutual funds, money market funds, and certain government agencies. Financial institutions ) Tj ET Q endstream endobj 23 0 obj <>] /Rotate 0 /Contents 24 0 R>> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (compete principally on the quality of the services rendered, interest rates of) Tj ET Q q 0 0 0 rg BT 351.37 742.10 Td (fered on deposit products, interest rates char) Tj ET Q q 0 0 0 rg BT 528.07 742.10 Td (ged on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (loans, fees and service char) Tj ET Q q 0 0 0 rg BT 159.49 730.10 Td (ges, the convenience of banking of) Tj ET Q q 0 0 0 rg BT 298.70 730.10 Td (fice locations and hours of operation, and in the consideration of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 718.10 Td (ger commercial borrowers, lending limits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Many competitors are significantly lar) Tj ET Q q 0 0 0 rg BT 203.11 694.10 Td (ger than Customers Bank, and have significantly greater financial resources, personnel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (and locations from which to conduct business. In addition, Customers Bank is subject to regulation, while certain of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (competitors are not. Non-regulated companies face relatively few barriers to entry into the financial services industry) Tj ET Q q 0 0 0 rg BT 518.06 670.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Customers Bank) Tj ET Q q 0 0 0 rg BT 119.17 658.10 Td (s lar) Tj ET Q q 0 0 0 rg BT 135.92 658.10 Td (ger competitors enjoy greater name recognition and greater resources to finance wide ranging advertising ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (campaigns. Customers Bank competes for business principally on the basis of high-quality) Tj ET Q q 0 0 0 rg BT 412.07 646.10 Td (, personal service to customers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (customer access to Customers Bank) Tj ET Q q 0 0 0 rg BT 196.64 634.10 Td (s decision makers, and competitive interest and fee structure. Customers Bank also strives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (to provide maximum convenience of access to services by employing innovative delivery vehicles such as internet banking, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (and the convenience of Concier) Tj ET Q q 0 0 0 rg BT 176.43 610.10 Td (ge Banking.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Customers Bank) Tj ET Q q 0 0 0 rg BT 119.17 586.10 Td (s current market is primarily served by lar) Tj ET Q q 0 0 0 rg BT 286.98 586.10 Td (ge national and regional banks, with a few lar) Tj ET Q q 0 0 0 rg BT 469.24 586.10 Td (ger institutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (capturing more than 50% of the deposit market share. Customers Bank) Tj ET Q q 0 0 0 rg BT 336.32 574.10 Td (s lar) Tj ET Q q 0 0 0 rg BT 353.08 574.10 Td (ge competitors primarily utilize expensive, branch-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (based models to sell products to consumers and small businesses, which requires our lar) Tj ET Q q 0 0 0 rg BT 401.97 562.10 Td (ger competitors to price their products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (with wider mar) Tj ET Q q 0 0 0 rg BT 110.91 550.10 Td (gins and char) Tj ET Q q 0 0 0 rg BT 164.05 550.10 Td (ge more fees to justify their higher expense base. ) Tj ET Q q 0 0 0 rg BT 362.13 550.10 Td (While maintaining physical branch locations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (remains an important component of Customers Bank) Tj ET Q q 0 0 0 rg BT 264.40 538.10 Td (s strategy) Tj ET Q q 0 0 0 rg BT 301.80 538.10 Td (, Customers Bank utilizes an operating model with fewer and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (less expensive locations, thereby lowering overhead costs and allowing for greater pricing flexibility) Tj ET Q q 0 0 0 rg BT 451.73 526.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (Employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 478.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 478.10 Td (, Customers Bancorp had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.62 478.10 Td (517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.62 478.10 Td ( full-time equivalent employees.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (A) Tj ET Q q 0 0 0 rg BT 55.93 448.10 Td (vailable Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Customers Bancorp) Tj ET Q q 0 0 0 rg BT 131.93 430.10 Td (s internet website address is www) Tj ET Q q 0 0 0 rg BT 267.09 430.10 Td (.customersbank.com. Information on Customers Bancorp) Tj ET Q q 0 0 0 rg BT 498.99 430.10 Td (s website is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (part of this ) Tj ET Q q 0 0 0 rg BT 95.27 418.10 Td (Annual Report on Form 10-K. Investors can obtain copies of Customers Bancorp) Tj ET Q q 0 0 0 rg BT 422.99 418.10 Td (s annual report on Form 10-K, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (quarterly reports on Form 10-Q, current reports on Form 8-K, and any amendments to those reports filed or furnished pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (to Section13\(a\) or 15\(d\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 260.21 394.10 Td (Act of 1934, as amended, on Customers Bancorp) Tj ET Q q 0 0 0 rg BT 459.34 394.10 Td (s website \(accessible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (under About Us Investor Relations SEC Filings\) as soon as reasonably practicable after Customers Bancorp has filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (such materials with, or furnished them to, the Securities and Exchange Commission \(SEC\). Customers Bancorp will also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (furnish a paper copy of such filings free of char) Tj ET Q q 0 0 0 rg BT 240.02 358.10 Td (ge upon request. Investors can also read and copy any materials filed by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (Customers Bancorp with the SEC at the SEC) Tj ET Q q 0 0 0 rg BT 233.04 346.10 Td (s Public Reference Room which is located at 100 F Street, NE, ) Tj ET Q q 0 0 0 rg BT 486.69 346.10 Td (W) Tj ET Q q 0 0 0 rg BT 495.33 346.10 Td (ashington, DC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (20549. Information about the operation of the Public Reference Room can be obtained by calling the SEC at 1-800-SEC-0330. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Customers Bancorp) Tj ET Q q 0 0 0 rg BT 131.93 322.10 Td (s filings can also be accessed at the SEC) Tj ET Q q 0 0 0 rg BT 296.33 322.10 Td (s internet website: www) Tj ET Q q 0 0 0 rg BT 392.61 322.10 Td (.sec.gov) Tj ET Q q 0 0 0 rg BT 424.73 322.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.10 286.10 Td (SUPER) Tj ET Q q 0 0 0 rg BT 257.53 286.10 Td (VISION ) Tj ET Q q 0 0 0 rg BT 295.05 286.10 Td (AND REGULA) Tj ET Q q 0 0 0 rg BT 361.25 286.10 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.50 262.10 Td (GENERAL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 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 50.00 226.10 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 50.00 214.10 Td (banking laws and regulations govern, among other things, the scope of a bank) Tj ET Q q 0 0 0 rg BT 364.37 214.10 Td (s business, the investments a bank may make, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 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 539.96 202.10 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (and collateral it takes, the activities of a bank with respect to mer) Tj ET Q q 0 0 0 rg BT 310.00 190.10 Td (gers and consolidations and the establishment of branches.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.05 154.10 Td (PENNSYL) Tj ET Q q 0 0 0 rg BT 272.81 154.10 Td (V) Tj ET Q q 0 0 0 rg BT 278.74 154.10 Td (ANIA) Tj ET Q q 0 0 0 rg BT 303.74 154.10 Td ( BANKING LA) Tj ET Q q 0 0 0 rg BT 369.31 154.10 Td (WS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Pennsylvania banks that are Federal Reserve members may establish new branch of) Tj ET Q q 0 0 0 rg BT 384.43 130.10 Td (fices only after approval by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (Pennsylvania Department of Banking and Securities and the Board of Governors of the Federal Reserve System \(the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (Reserve Board\).) Tj ET Q q 0 0 0 rg BT 121.36 106.10 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 94.10 Td (the community) Tj ET Q q 0 0 0 rg BT 109.62 94.10 Td (, whether the institution is suf) Tj ET Q q 0 0 0 rg BT 228.32 94.10 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 82.10 Td (institution) Tj ET Q q 0 0 0 rg BT 93.34 82.10 Td (s record of meeting the credit needs of its community) Tj ET Q q 0 0 0 rg BT 306.24 82.10 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 70.10 Td (respect to the institution or af) Tj ET Q q 0 0 0 rg BT 167.29 70.10 Td (filiated or) Tj ET Q q 0 0 0 rg BT 206.26 70.10 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 58.10 Td (involving bank insiders \(directors, of) Tj ET Q q 0 0 0 rg BT 206.72 58.10 Td (ficers, employees and 10%-or) Tj ET Q q 0 0 0 rg BT 325.92 58.10 Td (-greater shareholders\) which involves terms and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (conditions more favorable to the insiders than would be available in a comparable transaction with unrelated parties.) Tj ET Q endstream endobj 25 0 obj <>] /Rotate 0 /Contents 26 0 R>> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 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 50.00 730.10 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 50.00 718.10 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 50.00 706.10 Td (Banking and Securities.) Tj ET Q q 0 0 0 rg BT 147.58 706.10 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 50.00 694.10 Td (minimum capital requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (On October24, 2012, Pennsylvania enacted three laws known as the Banking Law Modernization Package, all of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (became ef) Tj ET Q q 0 0 0 rg BT 90.62 658.10 Td (fective on December24, 2012. ) Tj ET Q q 0 0 0 rg BT 216.23 658.10 Td (The intended goal of the law) Tj ET Q q 0 0 0 rg BT 330.26 658.10 Td (, which applies to Customers Bank, is to modernize ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Pennsylvania) Tj ET Q q 0 0 0 rg BT 106.10 646.10 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 50.00 634.10 Td (demands at the federal level as described below) Tj ET Q q 0 0 0 rg BT 240.10 634.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 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 50.00 598.10 Td (Securities, clarifies that the Department has examination and enforcement authority over subsidiaries as well as af) Tj ET Q q 0 0 0 rg BT 505.77 598.10 Td (filiates of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (regulated banks and bolsters the Department) Tj ET Q q 0 0 0 rg BT 230.78 586.10 Td (s enforcement authority over its regulated institutions by clarifying its ability to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (remove directors, of) Tj ET Q q 0 0 0 rg BT 130.62 574.10 Td (ficers and employees from institutions for violations of laws or orders or for any unsafe or unsound practice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (or breach of fiduciary duty) Tj ET Q q 0 0 0 rg BT 156.53 562.10 Td (. Changes to existing law also allow the Department to assess civil money penalties of up to $25,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (per violation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (The law also sets a new standard of care for bank of) Tj ET Q q 0 0 0 rg BT 257.79 526.10 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 50.00 514.10 Td (corporations in Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 170.91 514.10 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 50.00 502.10 Td (the best interests of the institutions and with such care, including reasonable inquiry) Tj ET Q q 0 0 0 rg BT 385.11 502.10 Td (, skill and diligence, as a person of ordinary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 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 50.00 478.10 Td (provided by of) Tj ET Q q 0 0 0 rg BT 108.70 478.10 Td (ficers, employees, attorneys, accountants, or committees of the board, and an of) Tj ET Q q 0 0 0 rg BT 427.29 478.10 Td (ficer may not be held liable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (simply because he or she served as an of) Tj ET Q q 0 0 0 rg BT 211.99 466.10 Td (ficer of the institution.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Interstate Branching) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.04 442.10 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 50.00 430.10 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 50.00 418.10 Td (interstate branches.For more information on federal law) Tj ET Q q 0 0 0 rg BT 275.38 418.10 Td (, see the discussion under Federal Banking Laws Interstate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Branching that follows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 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 50.00 370.10 Td (also permits out-of-state banks to acquire existing branches or branch de novo in Pennsylvania.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.28 346.10 Td (April 2008, Banking Regulators in the States of New Jersey) Tj ET Q q 0 0 0 rg BT 299.03 346.10 Td (, New ) Tj ET Q q 0 0 0 rg BT 325.04 346.10 Td (Y) Tj ET Q q 0 0 0 rg BT 331.26 346.10 Td (ork, and Pennsylvania entered into a Memorandum of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 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 50.00 322.10 Td (branching activity on a regional basis pursuant to the Riegle-Neal ) Tj ET Q q 0 0 0 rg BT 314.37 322.10 Td (Amendments ) Tj ET Q q 0 0 0 rg BT 369.64 322.10 Td (Act of 1997. ) Tj ET Q q 0 0 0 rg BT 422.23 322.10 Td (The Interstate MOU establishes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 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 50.00 298.10 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 50.00 286.10 Td (compliance exams.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 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 445.63 262.10 Td (Y) Tj ET Q q 0 0 0 rg BT 451.85 262.10 Td (ork would be governed by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 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 50.00 238.10 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 50.00 226.10 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 50.00 214.10 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 50.00 202.10 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 50.00 190.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 190.10 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 241.80 154.10 Td (FEDERAL) Tj ET Q q 0 0 0 rg BT 289.03 154.10 Td ( BANKING LA) Tj ET Q q 0 0 0 rg BT 354.60 154.10 Td (WS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Interstate Branching.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.54 130.10 Td () Tj ET Q q 0 0 0 rg BT 137.86 130.10 Td (The Riegle-Neal Interstate Banking and Branching Ef) Tj ET Q q 0 0 0 rg BT 353.16 130.10 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 387.31 130.10 Td (Act of 1994 \(called the Interstate ) Tj ET Q q 0 0 0 rg BT 525.59 130.10 Td (Act\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (among other things, permits bank holding companies to acquire banks in any state. ) Tj ET Q q 0 0 0 rg BT 382.99 118.10 Td (A) Tj ET Q q 0 0 0 rg BT 389.66 118.10 Td ( bank may also mer) Tj ET Q q 0 0 0 rg BT 467.79 118.10 Td (ge with a bank in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (another state.Interstate acquisitions and mer) Tj ET Q q 0 0 0 rg BT 228.09 106.10 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 94.10 Td (relating to the age of the Bank.Under the Interstate ) Tj ET Q q 0 0 0 rg BT 257.43 94.10 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 82.10 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 70.10 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 514.30 70.10 Td (Act, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 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 46.10 Td (state.) Tj ET Q q 0 0 0 rg BT 73.14 46.10 Td (The Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 142.39 46.10 Td (W) Tj ET Q q 0 0 0 rg BT 151.03 46.10 Td (all Street Reform and Consumer Protection ) Tj ET Q q 0 0 0 rg BT 326.00 46.10 Td (Act \(Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 401.53 46.10 Td (Act\) created a more permissive ) Tj ET Q endstream endobj 27 0 obj <>] /Rotate 0 /Contents 28 0 R>> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (interstate branching regime by permitting banks to establish branches de novo in any state if a bank chartered by such state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (would have been permitted to establish the branch. For more information on interstate branching under Pennsylvania law) Tj ET Q q 0 0 0 rg BT 533.94 730.10 Td (, see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Pennsylvania Banking Laws Interstate Branching above.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 694.10 Td (ompt Corr) Tj ET Q q 0 0 0 rg BT 101.21 694.10 Td (ective ) Tj ET Q q 0 0 0 rg BT 126.84 694.10 Td (Action) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.94 694.10 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 50.00 682.10 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 50.00 670.10 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 50.00 658.10 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 50.00 646.10 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 50.00 634.10 Td (minimum Federal regulatory capital requirements.However) Tj ET Q q 0 0 0 rg BT 290.07 634.10 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 50.00 622.10 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 50.00 610.10 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 356.96 610.10 Td (T) Tj ET Q q 0 0 0 rg BT 362.72 610.10 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 50.00 598.10 Td (3.0%, 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 50.00 586.10 Td (to total assets that is equal to or less than 2.0%.) Tj ET Q q 0 0 0 rg BT 241.18 586.10 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 50.00 574.10 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 415.63 574.10 Td (.In addition, an undercapitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 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 50.00 550.10 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 506.64 550.10 Td (ficers, and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 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 50.00 526.10 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 50.00 514.10 Td (monitoring, a limitation on the institution) Tj ET Q q 0 0 0 rg BT 218.33 514.10 Td (s ability to make acquisitions, open new branch of) Tj ET Q q 0 0 0 rg BT 418.93 514.10 Td (fices, or engage in new lines of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (business, obligations to raise additional capital, restrictions on transactions with af) Tj ET Q q 0 0 0 rg BT 379.19 502.10 Td (filiates, and restrictions on interest rates paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 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 528.26 490.10 Td (ficers or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (directors, or sale of the institution to a willing purchaser) Tj ET Q q 0 0 0 rg BT 273.84 478.10 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 50.00 466.10 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 50.00 454.10 Td (placed in receivership.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Safety and Soundness; Regulation of Bank Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.40 430.10 Td (.) Tj ET Q q 0 0 0 rg BT 279.22 430.10 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 50.00 418.10 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 495.06 418.10 Td (.Moreover) Tj ET Q q 0 0 0 rg BT 539.09 418.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Federal law enactments have expanded the circumstances under which of) Tj ET Q q 0 0 0 rg BT 343.31 406.10 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 50.00 394.10 Td (institution) Tj ET Q q 0 0 0 rg BT 93.34 394.10 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 486.08 394.10 Td (ficers, directors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 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 50.00 370.10 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 50.00 358.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 358.10 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 50.00 346.10 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 50.00 322.10 Td (Capital Rules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.72 322.10 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 50.00 310.10 Td (capital requirements.In addition, the Federal Reserve Board imposes certain leverage requirements on member ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (banks.Banking regulators have authority to require higher minimum capital ratios for an individual bank or bank holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (company in view of its circumstances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 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 50.00 250.10 Td (risk-based capital ratios.In these ratios, the on-balance sheet assets and of) Tj ET Q q 0 0 0 rg BT 354.98 250.10 Td (f balance sheet exposures are assigned a risk-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (weight based upon the perceived and historical risk of incurring a loss of principal from that exposure. For periods ending prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (January 1, 2015 the first is a minimum ratio of total capital \(T) Tj ET Q q 0 0 0 rg BT 301.53 226.10 Td (ier 1 and T) Tj ET Q q 0 0 0 rg BT 353.65 226.10 Td (ier 2 capital\) to risk-weighted assets equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (8.0%, and the second is a minimum ratio of T) Tj ET Q q 0 0 0 rg BT 237.10 214.10 Td (ier 1 capital to risk-weighted assets equal to 4.0%.) Tj ET Q q 0 0 0 rg BT 444.55 214.10 Td (Assets are assigned to five ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (risk categories, with higher levels of capital being required for the categories perceived as representing greater risk.In making ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (the calculation, certain intangible assets must be deducted from the capital base.) Tj ET Q q 0 0 0 rg BT 372.48 190.10 Td (The risk-based capital rules are designed to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (make regulatory capital requirements more sensitive to dif) Tj ET Q q 0 0 0 rg BT 283.35 178.10 Td (ferences in risk profiles among banks and bank holding companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (and to minimize disincentives for holding liquid assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 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 50.00 130.10 Td (level would be required to hold extra capital in proportion to that risk.) Tj ET Q q 0 0 0 rg BT 331.97 130.10 Td (The Bank currently monitors and manages its assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (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 50.00 106.10 Td (proposed will not materially adversely af) Tj ET Q q 0 0 0 rg BT 213.94 106.10 Td (fect its operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (The Federal Reserve Board) Tj ET Q q 0 0 0 rg BT 162.46 82.10 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 70.10 Td (capital, asset quality) Tj ET Q q 0 0 0 rg BT 130.71 70.10 Td (, management, earnings and liquidity to maintain a ratio of T) Tj ET Q q 0 0 0 rg BT 378.07 70.10 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 58.10 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 endstream endobj 29 0 obj <>] /Rotate 0 /Contents 30 0 R>> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 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 50.00 730.10 Td (of risk of the Bancorp's condition and activities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (For purposes of the capital requirements, T) Tj ET Q q 0 0 0 rg BT 226.54 706.10 Td (ier 1 or core capital is defined to include common shareholders) Tj ET Q q 0 0 0 rg BT 494.58 706.10 Td ( equity and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (certain noncumulative perpetual preferred stock and related surplus. T) Tj ET Q q 0 0 0 rg BT 334.80 694.10 Td (ier 2 or qualifying supplementary capital is defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (to include a bank) Tj ET Q q 0 0 0 rg BT 121.37 682.10 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 50.00 670.10 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 50.00 646.10 Td (New Capital Rules.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.50 646.10 Td ( On July2, 2013, the Federal Reserve approved final rules that substantially amend the regulatory risk-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (based capital rules applicable to the Bancorp and the Bank. ) Tj ET Q q 0 0 0 rg BT 288.90 634.10 Td (The FDIC and the OCC have subsequently approved these rules. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (The 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 50.00 610.10 Td (Basel III regulatory capital reforms and changes required by the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 367.93 610.10 Td (Act. Basel III refers to two consultative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 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 50.00 586.10 Td (2010, and loss absorbency rules issued in January 201) Tj ET Q q 0 0 0 rg BT 265.98 586.10 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 50.00 574.10 Td (liquidity requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (The rules include new risk-based capital and leverage ratios, which are being phased in from 2015 to 2019, and refine the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (definition of what constitutes capital for purposes of calculating those ratios. Ef) Tj ET Q q 0 0 0 rg BT 376.94 538.10 Td (fective January 1, 2015, the new minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (capital level requirements applicable to the Bancorp and the Bank under the final rules are:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 508.10 Td (\(i\)a new common equity ) Tj ET Q q 0 0 0 rg BT 176.85 508.10 Td (T) Tj ET Q q 0 0 0 rg BT 182.60 508.10 Td (ier 1 capital ratio of 4.5%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 490.10 Td (\(ii\) a ) Tj ET Q q 0 0 0 rg BT 95.47 490.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.23 490.10 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 74.00 472.10 Td (\(iii\) a ) Tj ET Q q 0 0 0 rg BT 98.25 472.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.66 472.10 Td (otal Risk based capital ratio of 8% \(unchanged from rules in ef) Tj ET Q q 0 0 0 rg BT 354.79 472.10 Td (fect prior to January 1, 2015\); and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 454.10 Td (\(iv\) a ) Tj ET Q q 0 0 0 rg BT 97.70 454.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.45 454.10 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 50.00 430.10 Td (The final rules also establish a capital conservation buf) Tj ET Q q 0 0 0 rg BT 274.18 430.10 Td (fer above the new regulatory minimum capital requirements, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (must consist entirely of common equity ) Tj ET Q q 0 0 0 rg BT 210.91 418.10 Td (T) Tj ET Q q 0 0 0 rg BT 216.67 418.10 Td (ier 1 capital.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (The capital conservation buf) Tj ET Q q 0 0 0 rg BT 163.94 394.10 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 50.00 382.10 Td (buf) Tj ET Q q 0 0 0 rg BT 63.15 382.10 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 544.98 382.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 358.10 Td (fective January 1, 2016, the new minimum capital level requirements applicable to the Bancorp and the Bank under the final ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (rules are:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 328.10 Td (\(i\)a common equity ) Tj ET Q q 0 0 0 rg BT 157.69 328.10 Td (T) Tj ET Q q 0 0 0 rg BT 163.44 328.10 Td (ier 1 capital ratio of 5.125%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 310.10 Td (\(ii\) a ) Tj ET Q q 0 0 0 rg BT 95.47 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.23 310.10 Td (ier 1 Risk based capital ratio of 6.625%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 292.10 Td (\(iii\) a ) Tj ET Q q 0 0 0 rg BT 98.25 292.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.66 292.10 Td (otal Risk based capital ratio of 8.625%; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 274.10 Td (\(iv\) a ) Tj ET Q q 0 0 0 rg BT 97.70 274.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.45 274.10 Td (ier 1 leverage ratio of 4.625% for all institutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Considering the capital conservation buf) Tj ET Q q 0 0 0 rg BT 212.00 250.10 Td (fer) Tj ET Q q 0 0 0 rg BT 222.70 250.10 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 50.00 238.10 Td (maintain the following ratios beginning in 2019:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 220.10 Td (\(i\) a common equity ) Tj ET Q q 0 0 0 rg BT 157.69 220.10 Td (T) Tj ET Q q 0 0 0 rg BT 163.44 220.10 Td (ier 1 capital ratio of 7.0%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 202.10 Td (\(ii\) a ) Tj ET Q q 0 0 0 rg BT 95.47 202.10 Td (T) Tj ET Q q 0 0 0 rg BT 101.23 202.10 Td (ier 1 Risk Based capital ratio of 8.5%; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 184.10 Td (\(iii\) a ) Tj ET Q q 0 0 0 rg BT 98.25 184.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.66 184.10 Td (otal Risk based capital ratio of 10.5%; and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 166.10 Td (\(iv\) a ) Tj ET Q q 0 0 0 rg BT 97.70 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.45 166.10 Td (ier 1 leverage ratio of 6.5% for all institutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 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 50.00 130.10 Td (discretionary bonuses if its capital level falls below the minimum capital level plus buf) Tj ET Q q 0 0 0 rg BT 397.23 130.10 Td (fer amount. ) Tj ET Q q 0 0 0 rg BT 445.64 130.10 Td (These limitations establish a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (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 94.10 Td (Basel III provided discretion for regulators to impose an additional buf) Tj ET Q q 0 0 0 rg BT 333.08 94.10 Td (fer) Tj ET Q q 0 0 0 rg BT 343.77 94.10 Td (, the countercyclical buf) Tj ET Q q 0 0 0 rg BT 444.65 94.10 Td (fer) Tj ET Q q 0 0 0 rg BT 455.35 94.10 Td (, of up to 2.5% of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (common equity ) Tj ET Q q 0 0 0 rg BT 114.81 82.10 Td (T) Tj ET Q q 0 0 0 rg BT 120.57 82.10 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 70.10 Td (However) Tj ET Q q 0 0 0 rg BT 86.25 70.10 Td (, the final rules permit the countercyclical buf) Tj ET Q q 0 0 0 rg BT 268.77 70.10 Td (fer to be applied only to advanced approach banks \(i.e., banks with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td ($250 billion or more in total assets or $10 billion or more in total foreign exposures\), which currently excludes the Bancorp and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (the Bank. ) Tj ET Q q 0 0 0 rg BT 90.64 46.10 Td (The final rules also implement revisions and clarifications consistent with Basel III regarding the various components ) Tj ET Q endstream endobj 31 0 obj <>] /Rotate 0 /Contents 32 0 R>> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (of ) Tj ET Q q 0 0 0 rg BT 60.65 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 66.41 742.10 Td (ier 1 capital, including common equity) Tj ET Q q 0 0 0 rg BT 220.72 742.10 Td (, unrealized gains and losses, as well as certain instruments that will no longer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (qualify as ) Tj ET Q q 0 0 0 rg BT 91.47 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 97.23 730.10 Td (ier 1 capital, some of which will be phased out over time. However) Tj ET Q q 0 0 0 rg BT 365.64 730.10 Td (, the final rules provide that small depository ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (institution holding companies with less than $15 billion in total assets as of December31, 2009 \(which includes the Bancorp\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (will be able to permanently include non-qualifying instruments that were issued and included in ) Tj ET Q q 0 0 0 rg BT 435.83 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 441.59 706.10 Td (ier 1 or ) Tj ET Q q 0 0 0 rg BT 472.79 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 478.54 706.10 Td (ier 2 capital prior to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (May19, 2010 in additional ) Tj ET Q q 0 0 0 rg BT 160.92 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 166.67 694.10 Td (ier 1 or ) Tj ET Q q 0 0 0 rg BT 197.87 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 203.63 694.10 Td (ier 2 capital until they redeem such instruments or until the instruments mature.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 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 50.00 658.10 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 50.00 646.10 Td (capital. Importantly) Tj ET Q q 0 0 0 rg BT 128.21 646.10 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 521.50 646.10 Td (-sale debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (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 50.00 622.10 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 50.00 598.10 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 50.00 586.10 Td (insured depository institutions, including the Bank, if their capital levels begin to show signs of weakness. ) Tj ET Q q 0 0 0 rg BT 477.26 586.10 Td (These revisions took ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 574.10 Td (fect on January1, 2015. Under the prompt corrective action requirements, which are designed to complement the capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (conservation buf) Tj ET Q q 0 0 0 rg BT 116.74 562.10 Td (fer) Tj ET Q q 0 0 0 rg BT 127.44 562.10 Td (, insured depository institutions will be required to meet the following increased capital level requirements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (in order to qualify as well capitalized:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 532.10 Td (\(i\) a new common equity ) Tj ET Q q 0 0 0 rg BT 176.85 532.10 Td (T) Tj ET Q q 0 0 0 rg BT 182.60 532.10 Td (ier 1 capital ratio of 6.5%;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 514.10 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% \(increased from 6%\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 496.10 Td (\(iii\) a ) Tj ET Q q 0 0 0 rg BT 98.25 496.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.66 496.10 Td (otal Risk based capital ratio of 10% \(unchanged from rules in ef) Tj ET Q q 0 0 0 rg BT 359.79 496.10 Td (fect prior to January 1, 2015\); and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 478.10 Td (\(iv\) a ) Tj ET Q q 0 0 0 rg BT 97.70 478.10 Td (T) Tj ET Q q 0 0 0 rg BT 103.45 478.10 Td (ier 1 leverage ratio of 5% \(increased from 4%\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 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 50.00 442.10 Td (January1, 2015. ) Tj ET Q q 0 0 0 rg BT 118.42 442.10 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 50.00 430.10 Td (weights, and also addresses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 412.10 Td (\(i\) an alternative standard of creditworthiness consistent with Section939A) Tj ET Q q 0 0 0 rg BT 375.31 412.10 Td ( of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 454.19 412.10 Td (Act;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 394.10 Td (\(ii\) revisions to recognition of credit risk mitigation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 376.10 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 74.00 358.10 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 77.00 340.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 91.36 340.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 134.61 340.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 189.52 340.10 Td (for ) Tj ET Q q 0 0 0 rg BT 203.88 340.10 Td (top-tier ) Tj ET Q q 0 0 0 rg BT 236.02 340.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 270.94 340.10 Td (or) Tj ET Q q 0 0 0 rg BT 279.08 340.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 327.33 340.10 Td (with ) Tj ET Q q 0 0 0 rg BT 347.81 340.10 Td ($50 ) Tj ET Q q 0 0 0 rg BT 365.51 340.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 394.33 340.10 Td (or ) Tj ET Q q 0 0 0 rg BT 405.36 340.10 Td (more ) Tj ET Q q 0 0 0 rg BT 428.61 340.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.09 340.10 Td (total ) Tj ET Q q 0 0 0 rg BT 459.57 340.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 485.60 340.10 Td (that ) Tj ET Q q 0 0 0 rg BT 503.30 340.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.21 340.10 Td (not ) Tj ET Q q 0 0 0 rg BT 533.69 340.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.28 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.00 328.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 150.69 328.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 189.83 328.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 216.21 328.10 Td (that ) Tj ET Q q 0 0 0 rg BT 233.71 328.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 258.42 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.70 328.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 294.53 328.10 Td (with ) Tj ET Q q 0 0 0 rg BT 314.81 328.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 345.06 328.10 Td (than ) Tj ET Q q 0 0 0 rg BT 364.78 328.10 Td ($250 ) Tj ET Q q 0 0 0 rg BT 387.28 328.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 415.89 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.17 328.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 479.21 328.10 Td (assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 304.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 304.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.47 304.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.47 304.10 Td (, management believed that the Bank and Bancorp met all capital adequacy requirements to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (which they were subject. For additional information on Customers' regulatory ratios, refer to NOTE18 REGULA) Tj ET Q q 0 0 0 rg BT 515.58 292.10 Td (T) Tj ET Q q 0 0 0 rg BT 521.51 292.10 Td (OR) Tj ET Q q 0 0 0 rg BT 534.85 292.10 Td (Y) Tj ET Q q 0 0 0 rg BT 541.70 292.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (MA) Tj ET Q q 0 0 0 rg BT 65.00 280.10 Td (TTERS.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (Dodd-Frank W) Tj ET Q q 0 0 0 rg BT 109.90 256.10 Td (all Str) Tj ET Q q 0 0 0 rg BT 134.26 256.10 Td (eet Reform and Consumer Pr) Tj ET Q q 0 0 0 rg BT 251.09 256.10 Td (otection ) Tj ET Q q 0 0 0 rg BT 285.63 256.10 Td (Act.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.45 256.10 Td () Tj ET Q q 0 0 0 rg BT 303.77 256.10 Td (The Dodd-Frank bill was enacted by Congress on July15, 2010, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (and was signed into law by President Obama on July21, 2010. ) Tj ET Q q 0 0 0 rg BT 303.31 244.10 Td (Among many other provisions, the legislation:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 236.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 224.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 224.90 Td (established the Financial Stability Oversight Council, a federal agency acting as the financial system) Tj ET Q q 0 0 0 rg BT 510.93 224.90 Td (s systemic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 212.90 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 106.05 200.90 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 106.05 188.90 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 106.05 176.90 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 88.05 158.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 158.90 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 106.05 146.90 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 106.05 134.90 Td (regulate unfair) Tj ET Q q 0 0 0 rg BT 164.23 134.90 Td (, deceptive, or abusive acts or practices;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 116.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 116.90 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 106.05 104.90 Td (protection laws against banks;) 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 (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 74.90 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 74.90 Td (s financial system;) Tj ET Q endstream endobj 33 0 obj <>] /Rotate 0 /Contents 34 0 R>> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) 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 (granted the U.S. government resolution authority to liquidate or take emer) Tj ET Q q 0 0 0 rg BT 402.46 742.10 Td (gency measures with regard to troubled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 730.10 Td (financial institutions, such as bank holding companies, that fall outside the existing resolution authority of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 718.10 Td (Federal Deposit Insurance Corporation;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 700.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 700.10 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 106.05 688.10 Td (result in increased deposit insurance premiums for us in the future;) 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 (increased the deposit insurance coverage limit for insurable deposits to $250,000 generally) Tj ET Q q 0 0 0 rg BT 468.62 670.10 Td (, and removes the limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 658.10 Td (entirely for transaction accounts;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 640.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 640.10 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 88.05 622.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 622.10 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 88.05 604.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 604.10 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 106.05 592.10 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 88.05 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 574.10 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 50.00 550.10 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 50.00 538.10 Td (Bank) Tj ET Q q 0 0 0 rg BT 73.89 538.10 Td (s primary federal banking regulator) Tj ET Q q 0 0 0 rg BT 215.10 538.10 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 50.00 526.10 Td (regulations authorized or mandated by the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 271.88 526.10 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 50.00 514.10 Td (addition to or dif) Tj ET Q q 0 0 0 rg BT 117.31 514.10 Td (ferent from the provisions summarized above.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Deposit Insurance ) Tj ET Q q 0 0 0 rg BT 125.92 490.10 Td (Assessments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.36 490.10 Td (.Customers Bank) Tj ET Q q 0 0 0 rg BT 249.53 490.10 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 50.00 478.10 Td (law and are subject to deposit insurance premium assessments. ) Tj ET Q q 0 0 0 rg BT 303.64 478.10 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 50.00 466.10 Td (system, which was amended pursuant to the Federal Deposit Insurance Reform ) Tj ET Q q 0 0 0 rg BT 368.25 466.10 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 50.00 454.10 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 50.00 442.10 Td (perceived risk incurred in its activities. ) Tj ET Q q 0 0 0 rg BT 207.82 442.10 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 50.00 430.10 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 544.78 430.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (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 50.00 394.10 Td (On February7, 201) Tj ET Q q 0 0 0 rg BT 127.95 394.10 Td (1, the FDIC adopted a final rule modifying the risk-based assessment system and setting initial base ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (assessment rates beginning ) Tj ET Q q 0 0 0 rg BT 160.26 382.10 Td (April1, 201) Tj ET Q q 0 0 0 rg BT 208.50 382.10 Td (1, ranging from 2.5 to 45 basis points of ) Tj ET Q q 0 0 0 rg BT 371.36 382.10 Td (T) Tj ET Q q 0 0 0 rg BT 377.11 382.10 Td (ier I capital.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 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 50.00 346.10 Td (bonds. ) Tj ET Q q 0 0 0 rg BT 78.71 346.10 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 50.00 334.10 Td (The FDIC sets the Financing Corporation assessment rate every quarter) Tj ET Q q 0 0 0 rg BT 335.76 334.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Community Reinvestment ) Tj ET Q q 0 0 0 rg BT 154.24 310.10 Td (Act) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.56 310.10 Td (.Under the Community Reinvestment ) Tj ET Q q 0 0 0 rg BT 321.99 310.10 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 50.00 298.10 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 50.00 286.10 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 50.00 274.10 Td (or other deposit facility) Tj ET Q q 0 0 0 rg BT 142.93 274.10 Td (, of) Tj ET Q q 0 0 0 rg BT 156.08 274.10 Td (fice relocation, a mer) Tj ET Q q 0 0 0 rg BT 240.85 274.10 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 50.00 262.10 Td (increased readiness to deny applications based on unsatisfactory CRA) Tj ET Q q 0 0 0 rg BT 329.37 262.10 Td ( performance.) Tj ET Q q 0 0 0 rg BT 387.21 262.10 Td (The Federal Reserve Board is required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (assess our record to determine if we are meeting the credit needs of the community \(including low and moderate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (neighborhoods\) that we serve.) Tj ET Q q 0 0 0 rg BT 172.84 238.10 Td (The Financial Institutions Reform, Recovery) Tj ET Q q 0 0 0 rg BT 351.32 238.10 Td (, and Enforcement ) Tj ET Q q 0 0 0 rg BT 426.85 238.10 Td (Act of 1989 amended the CRA) Tj ET Q q 0 0 0 rg BT 550.43 238.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (require, among other things, that the Federal Reserve Board make publicly available an evaluation of the Bank) Tj ET Q q 0 0 0 rg BT 495.41 226.10 Td (s record of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (meeting the credit needs of its entire community including low- and moderate-income neighborhoods.) Tj ET Q q 0 0 0 rg BT 460.82 214.10 Td (This evaluation includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (a descriptive rating \(outstanding, satisfactory) Tj ET Q q 0 0 0 rg BT 229.58 202.10 Td (, needs to improve, or substantial noncompliance\) and a statement describing the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (basis for the rating.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (Consumer Pr) Tj ET Q q 0 0 0 rg BT 103.24 166.10 Td (otection Laws) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.08 166.10 Td (.Customers Bank is subject to a variety of consumer protection laws, including the ) Tj ET Q q 0 0 0 rg BT 493.83 166.10 Td (T) Tj ET Q q 0 0 0 rg BT 499.58 166.10 Td (ruth in Lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Act, the ) Tj ET Q q 0 0 0 rg BT 83.97 154.10 Td (T) Tj ET Q q 0 0 0 rg BT 89.73 154.10 Td (ruth in Savings ) Tj ET Q q 0 0 0 rg BT 152.24 154.10 Td (Act adopted as part of the Federal Deposit Insurance Corporation Improvement ) Tj ET Q q 0 0 0 rg BT 471.86 154.10 Td (Act of 1991 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (\(FDICIA\), the Equal Credit Opportunity ) Tj ET Q q 0 0 0 rg BT 222.74 142.10 Td (Act, the Home Mortgage Disclosure ) Tj ET Q q 0 0 0 rg BT 369.93 142.10 Td (Act, the Electronic Funds ) Tj ET Q q 0 0 0 rg BT 474.45 142.10 Td (T) Tj ET Q q 0 0 0 rg BT 480.21 142.10 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 509.91 142.10 Td (Act, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Real Estate Settlement Procedures ) Tj ET Q q 0 0 0 rg BT 189.40 130.10 Td (Act and the regulations adopted thereunder) Tj ET Q q 0 0 0 rg BT 361.29 130.10 Td (.In the aggregate, compliance with these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (consumer protection laws and regulations involves substantial expense and administrative time on the part of Customers.) Tj ET Q endstream endobj 35 0 obj <>] /Rotate 0 /Contents 36 0 R>> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Bank Holding Company Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (As a bank holding company) Tj ET Q q 0 0 0 rg BT 161.55 724.25 Td (, Customers Bancorp is also subject to additional regulation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (The Bank Holding Company ) Tj ET Q q 0 0 0 rg BT 167.77 700.25 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 50.00 688.25 Td (or controls, directly or indirectly) Tj ET Q q 0 0 0 rg BT 179.59 688.25 Td (, more than five percent \(5%\)of the voting shares or substantially all of the assets of any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (bank.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 50.00 664.25 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 50.00 652.25 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 401.02 652.25 Td (A) Tj ET Q q 0 0 0 rg BT 407.69 652.25 Td ( bank holding company is prohibited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 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 50.00 628.25 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 50.00 616.25 Td (closely related to banking or managing or controlling banks as to be a proper incident thereto.In making this determination, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (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 508.56 604.25 Td (fer benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (to the public that outweigh possible adverse ef) Tj ET Q q 0 0 0 rg BT 235.61 592.25 Td (fects.) Tj ET Q q 0 0 0 rg BT 258.93 592.25 Td (Applications under the Bank Holding Company ) Tj ET Q q 0 0 0 rg BT 452.24 592.25 Td (Act and the Change in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 82.50 580.25 Td (Act are subject to review) Tj ET Q q 0 0 0 rg BT 181.81 580.25 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 50.00 556.25 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 50.00 544.25 Td (Reserve Board may require pursuant to the Bank Holding Company ) Tj ET Q q 0 0 0 rg BT 323.83 544.25 Td (Act.Further) Tj ET Q q 0 0 0 rg BT 372.31 544.25 Td (, under Section106 of the 1970 amendments to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (the Bank Holding Company ) Tj ET Q q 0 0 0 rg BT 164.44 532.25 Td (Act and the Federal Reserve Board) Tj ET Q q 0 0 0 rg BT 307.44 532.25 Td (s regulations, a bank holding company and its subsidiaries are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (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 50.00 508.25 Td (provision of any property or services.) Tj ET Q q 0 0 0 rg BT 202.28 508.25 Td (The so-called anti-tie-in provisions state generally that a bank may not extend credit, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 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 50.00 484.25 Td (from Customers 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 497.39 484.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 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 50.00 448.25 Td (or managing or controlling banks as to be a proper incident thereto.) Tj ET Q q 0 0 0 rg BT 321.31 448.25 Td (A) Tj ET Q q 0 0 0 rg BT 327.98 448.25 Td ( number of activities are authorized by Federal Reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (Board regulation, while other activities require prior Federal Reserve Board approval.) Tj ET Q q 0 0 0 rg BT 395.53 436.25 Td (The types of permissible activities are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (subject to change by the Federal Reserve Board.) Tj ET Q endstream endobj 37 0 obj <>] /Rotate 0 /Contents 38 0 R>> endobj 38 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item1A. ) Tj ET Q q 0 0 0 rg BT 122.00 742.25 Td (Risk Factors) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Risks Related to the Bancorp) Tj ET Q q 0 0 0 rg BT 177.40 724.25 Td (s Banking Operations) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (If our allowance for loan losses is insuf) Tj ET Q q 0 0 0 rg BT 212.91 706.25 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 50.00 682.25 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 50.00 670.25 Td (with its terms or that any underlying collateral will not be suf) Tj ET Q q 0 0 0 rg BT 295.04 670.25 Td (ficient to assure repayment. ) Tj ET Q q 0 0 0 rg BT 407.88 670.25 Td (This risk is af) Tj ET Q q 0 0 0 rg BT 462.41 670.25 Td (fected by) Tj ET Q q 0 0 0 rg BT 498.69 670.25 Td (, among other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (things:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 651.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 639.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 639.05 Td (the financial condition and cash flows of the borrower and/or the project being financed;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 621.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 621.05 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 88.05 603.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 603.05 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 88.05 585.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 585.05 Td (the duration of the loan;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 567.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 567.05 Td (the credit history of a particular borrower; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 549.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 549.05 Td (changes in economic and industry conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 525.05 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 525.05 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 525.05 Td (, the Bancorp) Tj ET Q q 0 0 0 rg BT 197.46 525.05 Td (s allowance for loan losses totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.86 525.05 Td ($35.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.75 525.05 Td (, which represents 0.65% of total loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 513.05 Td (held for investment. Management makes various assumptions and judgments about the collectibility of our loan portfolio, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 501.05 Td (including the creditworthiness of our borrowers and loans covered under the loss sharing agreements that did not exhibit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 489.05 Td (evidence of deterioration in credit quality on the acquisition date and the probability of making payment, as well as the value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.05 Td (real estate and other assets serving as collateral for the repayment of many of our loans. Loans covered under the loss sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 465.05 Td (agreements totaled $13.8 million at December31, 2015. ) Tj ET Q q 0 0 0 rg BT 277.26 465.05 Td (The period to submit losses under the FDIC loss sharing agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 453.05 Td (for non-single family loans expired in third quarter 2015. ) Tj ET Q q 0 0 0 rg BT 285.87 453.05 Td (The period to submit losses under the FDIC loss sharing agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.05 Td (for single family loans expires in third quarter 2017. Unless terminated earlier) Tj ET Q q 0 0 0 rg BT 364.23 441.05 Td (, the final maturity of the FDIC loss sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.05 Td (agreements occurs in third quarter 2020. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.05 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 50.00 393.05 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 50.00 381.05 Td (loans, trends in risk ratings, trends in industry and Customers char) Tj ET Q q 0 0 0 rg BT 314.78 381.05 Td (ge-of) Tj ET Q q 0 0 0 rg BT 335.70 381.05 Td (fs by particular segments and changes in existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.05 Td (general economic and business conditions af) Tj ET Q q 0 0 0 rg BT 228.38 369.05 Td (fecting our lending areas and the national economy) Tj ET Q q 0 0 0 rg BT 432.38 369.05 Td (. If our assumptions are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.05 Td (incorrect, our allowance for loan losses may not be suf) Tj ET Q q 0 0 0 rg BT 268.64 357.05 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 50.00 345.05 Td (additions to the allowance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.05 Td (Management reviews and re-estimates the allowance for loan losses quarterly) Tj ET Q q 0 0 0 rg BT 359.51 321.05 Td (. ) Tj ET Q q 0 0 0 rg BT 363.96 321.05 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 50.00 309.05 Td (result on management's review and estimate could materially decrease net income. Our regulators, as an integral part of their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.05 Td (examination process, periodically review our allowance for loan losses and may require us to increase our allowance for loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.05 Td (losses by recognizing additional provisions for loan losses char) Tj ET Q q 0 0 0 rg BT 302.55 285.05 Td (ged to expense, or to decrease our allowance for loan losses by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.05 Td (recognizing loan char) Tj ET Q q 0 0 0 rg BT 136.45 273.05 Td (ge-of) Tj ET Q q 0 0 0 rg BT 157.36 273.05 Td (fs, net of recoveries. ) Tj ET Q q 0 0 0 rg BT 240.66 273.05 Td (Any such additional provisions for loan losses or char) Tj ET Q q 0 0 0 rg BT 456.00 273.05 Td (ge-of) Tj ET Q q 0 0 0 rg BT 476.92 273.05 Td (fs, as required by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.05 Td (these regulatory agencies, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 284.98 261.05 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 50.00 237.05 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 50.00 225.05 Td (increased lending risks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.05 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 201.05 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 50.00 189.05 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 50.00 177.05 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 50.00 165.05 Td (the borrower) Tj ET Q q 0 0 0 rg BT 101.74 165.05 Td () Tj ET Q q 0 0 0 rg BT 104.52 165.05 Td (s cash flows. Such loans typically involve lar) Tj ET Q q 0 0 0 rg BT 284.86 165.05 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 50.00 153.05 Td (compared to one- to four) Tj ET Q q 0 0 0 rg BT 149.21 153.05 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 50.00 141.05 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 416.27 141.05 Td (Also, we expect that many of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.05 Td (commercial borrowers will have more than one loan outstanding with us. Consequently) Tj ET Q q 0 0 0 rg BT 399.27 129.05 Td (, an adverse development with respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.05 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 50.00 105.05 Td (with respect to a one- to four) Tj ET Q q 0 0 0 rg BT 165.32 105.05 Td (-family residential mortgage loan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.05 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 69.05 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 57.05 Td (mortgages to investors. ) Tj ET Q q 0 0 0 rg BT 145.36 57.05 Td (W) Tj ET Q q 0 0 0 rg BT 154.00 57.05 Td (e are subject to the risks associated with such lending, including, but not limited to, the risks of fraud, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.05 Td (bankruptcy and possible default by the borrower) Tj ET Q q 0 0 0 rg BT 243.43 45.05 Td (, closing agents, and the residential borrower on the underlying mortgage, any ) Tj ET Q endstream endobj 39 0 obj <>] /Rotate 0 /Contents 40 0 R>> endobj 40 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (of which could result in credit losses. ) Tj ET Q q 0 0 0 rg BT 201.46 742.10 Td (The risk of fraud associated with this type of lending includes, but is not limited to, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (settlement process risks, the risk of financing nonexistent loans or fictitious mortgage loan transactions, or the risk that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (collateral delivered is fraudulent or non-existent, creating a risk of loss of the full amount financed on the underlying residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (mortgage loan, or in the settlement processes. ) Tj ET Q q 0 0 0 rg BT 234.67 706.10 Td (As discussed in Note 21 LOSS CONTINGENCY, in March 2013, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (suspected fraud was discovered in the Bank) Tj ET Q q 0 0 0 rg BT 227.72 694.10 Td (s held-for) Tj ET Q q 0 0 0 rg BT 266.12 694.10 Td (-sale loan portfolio. ) Tj ET Q q 0 0 0 rg BT 346.66 694.10 Td (Additional fraudulent transactions could have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (material adverse ef) Tj ET Q q 0 0 0 rg BT 125.88 682.10 Td (fect on our financial condition and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Our lending to mortgage businesses is a significant part of our assets and earnings. ) Tj ET Q q 0 0 0 rg BT 382.80 658.10 Td (This business is subject to cyclicality of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (mortgage lending business, and volumes are likely to decline if interest rates increase, generally) Tj ET Q q 0 0 0 rg BT 432.83 646.10 Td (. ) Tj ET Q q 0 0 0 rg BT 437.28 646.10 Td (A) Tj ET Q q 0 0 0 rg BT 443.95 646.10 Td ( decline in the rate of growth, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (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 403.64 634.10 Td (fect our results of operations and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (financial condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 598.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 598.10 Td ( and 2014, the Bank had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.73 598.10 Td ($6.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.84 598.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.28 598.10 Td ($5.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.39 598.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 417.06 598.10 Td (, in commercial loans outstanding, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (composing approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.65 586.10 Td (94.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.48 586.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.91 586.10 Td (92.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.74 586.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 280.41 586.10 Td (, of its total loan portfolio, which includes loans held for sale.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Decreased origination, volume and pricing decisions of competitors may adversely af) Tj ET Q q 0 0 0 rg BT 398.96 562.10 Td (fect our profitability) Tj ET Q q 0 0 0 rg BT 481.35 562.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (The Bank currently operates a residential mortgage banking business but plans to expand our origination, sale, and servicing of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (residential mortgage loans in the future. ) Tj ET Q q 0 0 0 rg BT 211.71 526.10 Td (The Bank also began selling recent multi-family loan originations to third parties in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (third quarter of 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 524.68 514.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (demand for our residential mortgage and multi-family loan products, the revenue realized on the sale of loans and revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (received from servicing such loans for others, and ultimately reduce our net income. New regulations, increased regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (reviews, and/or changes in the structure of the secondary mortgage markets which we would utilize to sell mortgage loans or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (other rule changes that could af) Tj ET Q q 0 0 0 rg BT 175.60 466.10 Td (fect the multi-family resale market may be introduced and may increase costs and make it more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 454.10 Td (ficult to operate a residential mortgage origination business or sell multi-family loans.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 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 50.00 406.10 Td (On December23, 2008, the Federal Home Loan Bank of Pittsbur) Tj ET Q q 0 0 0 rg BT 310.87 406.10 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 50.00 394.10 Td (payment of dividends and the repurchase of excess capital stock until further notice. ) Tj ET Q q 0 0 0 rg BT 388.59 394.10 Td (The FHLB announced at that time that it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 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 50.00 370.10 Td (rates, an increased cost of maintaining liquidity) Tj ET Q q 0 0 0 rg BT 239.02 370.10 Td (, other than temporary impairment char) Tj ET Q q 0 0 0 rg BT 396.00 370.10 Td (ges, and constrained access to debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (markets at attractive rates. ) Tj ET Q q 0 0 0 rg BT 157.27 358.10 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 50.00 346.10 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 50.00 334.10 Td (and capital stock repurchases will continue in the future. ) Tj ET Q q 0 0 0 rg BT 277.71 334.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.15 334.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.73 334.10 Td (, the Bank held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.77 334.10 Td ($78.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.67 334.10 Td ( of FHLB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (capital stock.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (The fair value of our investment securities can fluctuate due to market conditions. ) Tj ET Q q 0 0 0 rg BT 390.19 298.10 Td (Adverse economic performance can lead ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 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 50.00 262.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 262.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 262.10 Td (, the fair value of our investment securities portfolio was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.39 262.10 Td ($560.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.28 262.10 Td (. ) Tj ET Q q 0 0 0 rg BT 506.10 262.10 Td (W) Tj ET Q q 0 0 0 rg BT 514.74 262.10 Td (e have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (historically followed a conservative investment strategy) Tj ET Q q 0 0 0 rg BT 272.90 250.10 Td (, with concentrations in securities that are backed by government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (sponsored enterprises. In the future, we may seek to increase yields through more aggressive strategies, which may include a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (greater percentage of corporate securities, structured credit products or non-agency mortgage backed securities. Factors beyond ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (our control can significantly influence the fair value of securities in our portfolio and can cause potential adverse changes to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (fair value of these securities. ) Tj ET Q q 0 0 0 rg BT 166.99 202.10 Td (These factors include, but are not limited to, rating agency actions in respect of the securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (defaults by the issuer or with respect to the underlying securities, and changes in market interest rates and continued instability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (in the capital markets. ) Tj ET Q q 0 0 0 rg BT 140.25 178.10 Td (Any of these factors, among others, could cause other) Tj ET Q q 0 0 0 rg BT 354.98 178.10 Td (-than-temporary impairments and realized and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (unrealized losses in future periods and declines in other comprehensive income, which could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 527.97 166.10 Td (fect on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 63.71 154.10 Td (The process for determining whether impairment of a security is other) Tj ET Q q 0 0 0 rg BT 343.97 154.10 Td (-than-temporary usually requires complex, subjective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (judgments about the future financial performance and liquidity of the issuer and any collateral underlying the security in order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (to assess the probability of receiving all contractual principal and interest payments on the security) Tj ET Q q 0 0 0 rg BT 444.23 130.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 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 517.07 106.10 Td (fect the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (Bancorp) Tj ET Q q 0 0 0 rg BT 88.15 94.10 Td (s 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 70.10 Td (Changes to estimates and assumptions made by management in connection with the preparation of the Bancorp) Tj ET Q q 0 0 0 rg BT 497.94 70.10 Td (s consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (financial statements could adversely af) Tj ET Q q 0 0 0 rg BT 205.31 58.10 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 46.10 Td (and expenses. ) Tj ET Q q 0 0 0 rg BT 107.86 46.10 Td (The preparation of the Bancorp) Tj ET Q q 0 0 0 rg BT 236.14 46.10 Td (s consolidated financial statements requires management to make certain critical ) Tj ET Q endstream endobj 41 0 obj <>] /Rotate 0 /Contents 42 0 R>> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (accounting estimates and assumptions that could af) Tj ET Q q 0 0 0 rg BT 254.77 742.10 Td (fect the reported amounts of assets and liabilities and the reported amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (of income and expense during the reporting periods. In the event the covered assets perform better than originally estimated at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (the time of acquisition, the Bancorp could be required to reimburse all, or a portion of, its discounted purchase price to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (FDIC. Further information regarding the FDIC loss sharing receivable and clawback liability) Tj ET Q q 0 0 0 rg BT 421.48 706.10 Td (, and other accounting policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (subject to significant judgment and estimates, is included in Management) Tj ET Q q 0 0 0 rg BT 351.04 694.10 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 420.21 694.10 Td (Analysis - Critical ) Tj ET Q q 0 0 0 rg BT 495.48 694.10 Td (Accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Policies. Changes to management) Tj ET Q q 0 0 0 rg BT 192.19 682.10 Td (s assumptions or estimates could materially and adversely af) Tj ET Q q 0 0 0 rg BT 434.17 682.10 Td (fect Customers' business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (operating results, reported assets and liabilities, financial condition, and capital levels.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Changes in accounting standards and policies can be dif) Tj ET Q q 0 0 0 rg BT 282.63 646.10 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 50.00 634.10 Td (report our financial results.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 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 50.00 598.10 Td (operations. From time to time, the F) Tj ET Q q 0 0 0 rg BT 193.69 598.10 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 50.00 586.10 Td (that govern the preparation of our financial statements. ) Tj ET Q q 0 0 0 rg BT 271.68 586.10 Td (These changes can be dif) Tj ET Q q 0 0 0 rg BT 372.01 586.10 Td (ficult to predict and can materially impact how ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (we record and report our financial condition and results of operations. ) Tj ET Q q 0 0 0 rg BT 331.95 574.10 Td (W) Tj ET Q q 0 0 0 rg BT 340.59 574.10 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 50.00 562.10 Td (retrospectively) Tj ET Q q 0 0 0 rg BT 108.77 562.10 Td (, which may result in the revision of prior period financial statements by material amounts. ) Tj ET Q q 0 0 0 rg BT 474.33 562.10 Td (The implementation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (of new or revised accounting guidance could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 336.08 550.10 Td (fect on our financial results or net worth. Notably) Tj ET Q q 0 0 0 rg BT 535.93 550.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (F) Tj ET Q q 0 0 0 rg BT 54.82 538.10 Td (ASB is currently considering changes to the framework for estimating the allowance for loan and lease losses which could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (significantly alter the 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 50.00 502.10 Td (Downgrades in U.S. Government and federal agency securities could adversely af) Tj ET Q q 0 0 0 rg BT 385.35 502.10 Td (fect Customers Bancorp and the Bank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 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 427.92 478.10 Td (AAA) Tj ET Q q 0 0 0 rg BT 449.04 478.10 Td ( to an ) Tj ET Q q 0 0 0 rg BT 473.20 478.10 Td (AA+ credit rating is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (still uncertain. However) Tj ET Q q 0 0 0 rg BT 145.96 466.10 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 50.00 454.10 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 50.00 442.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 442.10 Td (fect the market value of the U.S. and other government and governmental agency securities owned by Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Bank, the availability of those securities as collateral for borrowing, and our ability to access capital markets on favorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (terms, as well as have other material adverse ef) Tj ET Q q 0 0 0 rg BT 238.90 418.10 Td (fects on the operation of our business and our financial results and condition. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (particular) Tj ET Q q 0 0 0 rg BT 87.91 406.10 Td (, it could increase interest rates and disrupt payment systems, money markets, and long-term or short-term fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (income markets, adversely af) Tj ET Q q 0 0 0 rg BT 166.99 394.10 Td (fecting the cost and availability of funding, which could negatively af) Tj ET Q q 0 0 0 rg BT 445.34 394.10 Td (fect profitability) Tj ET Q q 0 0 0 rg BT 509.94 394.10 Td (. ) Tj ET Q q 0 0 0 rg BT 514.39 394.10 Td (Also, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (adverse consequences as a result of the downgrade could extend to the borrowers of the loans the Bank makes and, as a result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (could adversely af) Tj ET Q q 0 0 0 rg BT 123.12 370.10 Td (fect its borrowers) Tj ET Q q 0 0 0 rg BT 195.68 370.10 Td ( ability to repay their loans.) Tj ET Q BT /F3 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 58.15 346.10 Td (e may not be able to maintain consistent earnings or profitability) Tj ET Q q 0 0 0 rg BT 323.91 346.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Although we made a profit for the years of 201) Tj ET Q q 0 0 0 rg BT 238.18 322.10 Td (1 through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.29 322.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.29 322.10 Td (, there can be no assurance that we will be able to remain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (profitable in future periods, or) Tj ET Q q 0 0 0 rg BT 170.40 310.10 Td (, if profitable, that our overall earnings will remain consistent or increase in the future. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (earnings also may be reduced by increased expenses associated with increased assets, such as additional employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (compensation expense, and increased interest expense on any liabilities incurred or deposits solicited to fund increases in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (assets. If earnings do not grow proportionately with our assets or equity) Tj ET Q q 0 0 0 rg BT 335.96 274.10 Td (, our overall profitability may be adversely af) Tj ET Q q 0 0 0 rg BT 517.38 274.10 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Continued or worsening general business and economic conditions could materially and adversely af) Tj ET Q q 0 0 0 rg BT 465.41 250.10 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 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 50.00 214.10 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 467.17 214.10 Td (fected. ) Tj ET Q q 0 0 0 rg BT 496.42 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 505.05 214.10 Td (eak economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (conditions may be characterized by deflation, instability in debt and equity capital markets, a lack of liquidity and/or depressed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (prices in the secondary market for mortgage loans, increased delinquencies on loans, residential and commercial real estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (price declines and lower home sales and commercial activity) Tj ET Q q 0 0 0 rg BT 292.59 178.10 Td (. ) Tj ET Q q 0 0 0 rg BT 297.04 178.10 Td (Adverse changes in any of these factors could be detrimental to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (our business. Our business is also significantly af) Tj ET Q q 0 0 0 rg BT 247.02 166.10 Td (fected by monetary and related policies of the U.S. federal government, its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (agencies and government-sponsored entities. ) Tj ET Q q 0 0 0 rg BT 231.34 154.10 Td (Adverse changes in economic factors or U.S. government policies could have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (negative ef) Tj ET Q q 0 0 0 rg BT 93.96 142.10 Td (fect on Customers Bancorp.) Tj ET Q endstream endobj 43 0 obj <>] /Rotate 0 /Contents 44 0 R>> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (The geographic concentration in the Northeast and Mid-Atlantic region makes our business susceptible to downturns in the ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (local economies and depressed banking markets, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 417.03 730.25 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Our loan and deposit activities are lar) Tj ET Q q 0 0 0 rg BT 199.77 706.25 Td (gely based in the Northeast and Mid-Atlantic regions. ) Tj ET Q q 0 0 0 rg BT 416.66 706.25 Td (As a result, our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (performance depends upon economic conditions in this region. ) Tj ET Q q 0 0 0 rg BT 303.92 694.25 Td (This region experienced deteriorating local economic conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (in the past economic cycle and a downturn in the regional real estate market could harm our financial condition and results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (operations because of the geographic concentration of loans within this region and because a lar) Tj ET Q q 0 0 0 rg BT 433.57 670.25 Td (ge percentage of the loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (secured by real property) Tj ET Q q 0 0 0 rg BT 146.25 658.25 Td (. If there is decline in real estate values, the collateral value for our loans will decrease and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (probability of incurring losses will increase as the ability to recover on defaulted loans by selling the underlying real estate will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (be lessened.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 610.25 Td (, Customers has 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 50.00 598.25 Td (transaction, repayment of the loan is dependent on the property generating suf) Tj ET Q q 0 0 0 rg BT 361.94 598.25 Td (ficient rental income to service the loan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (Economic conditions may af) Tj ET Q q 0 0 0 rg BT 164.51 586.25 Td (fect the tenant) Tj ET Q q 0 0 0 rg BT 223.93 586.25 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 50.00 574.25 Td (to renew their leases, each of which may impact the debtor) Tj ET Q q 0 0 0 rg BT 285.56 574.25 Td () Tj ET Q q 0 0 0 rg BT 288.33 574.25 Td (s ability to make loan payments. Further) Tj ET Q q 0 0 0 rg BT 449.29 574.25 Td (, if expenses associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (with commercial properties increase dramatically) Tj ET Q q 0 0 0 rg BT 247.04 562.25 Td (, the tenant) Tj ET Q q 0 0 0 rg BT 293.97 562.25 Td (s ability to repay) Tj ET Q q 0 0 0 rg BT 360.25 562.25 Td (, and therefore the debtor) Tj ET Q q 0 0 0 rg BT 461.41 562.25 Td () Tj ET Q q 0 0 0 rg BT 464.18 562.25 Td (s ability to make timely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (loan payments, could be adversely af) Tj ET Q q 0 0 0 rg BT 198.10 550.25 Td (fected. ) Tj ET Q q 0 0 0 rg BT 226.97 550.25 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 50.00 538.25 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 50.00 514.25 Td (Our business is highly susceptible to credit risk.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (As a lender) Tj ET Q q 0 0 0 rg BT 95.14 490.25 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 50.00 478.25 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 373.32 478.25 Td (ficient to assure repayment. ) Tj ET Q q 0 0 0 rg BT 486.15 478.25 Td (The risks inherent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 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 50.00 454.25 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 50.00 442.25 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 50.00 430.25 Td (to the future value of collateral. Similarly) Tj ET Q q 0 0 0 rg BT 215.13 430.25 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 50.00 418.25 Td (procedures and policies 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 50.00 406.25 Td (substantial credit losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 382.25 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 50.00 370.25 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 514.68 370.25 Td (W) Tj ET Q q 0 0 0 rg BT 523.32 370.25 Td (e may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (also be subject to legal or regulatory requirements for restructured loans. ) Tj ET Q q 0 0 0 rg BT 343.05 358.25 Td (W) Tj ET Q q 0 0 0 rg BT 352.09 358.25 Td (ith respect to restructured loans, we may grant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (concessions to borrowers experiencing financial dif) Tj ET Q q 0 0 0 rg BT 256.14 346.25 Td (ficulties in order to facilitate repayment of the loan by \(1\)reduction of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 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 50.00 322.25 Td (\(2\)extension of the maturity date.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 298.25 Td (e depend on our executive of) Tj ET Q q 0 0 0 rg BT 176.00 298.25 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 50.00 286.25 Td (services.) 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 believe that the implementation of our strategy will depend in lar) Tj ET Q q 0 0 0 rg BT 325.32 262.25 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 50.00 250.25 Td (and our ability to motivate and retain these and other key personnel. ) Tj ET Q q 0 0 0 rg BT 324.09 250.25 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 373.42 250.25 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 50.00 238.25 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.96 238.25 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 50.00 226.25 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 226.25 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 472.33 226.25 Td (, we may not be able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.25 Td (to recruit additional qualified personnel. ) Tj ET Q q 0 0 0 rg BT 213.10 214.25 Td (W) Tj ET Q q 0 0 0 rg BT 221.74 214.25 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 50.00 202.25 Td (banking industry and that their knowledge and relationships would be very dif) Tj ET Q q 0 0 0 rg BT 362.81 202.25 Td (ficult to replicate. ) Tj ET Q q 0 0 0 rg BT 435.56 202.25 Td (Although our Chief Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 190.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 78.29 190.25 Td (, President, and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 217.24 190.25 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 50.00 178.25 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 50.00 154.25 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 50.00 142.25 Td (managers and private bankers who act as a customer) Tj ET Q q 0 0 0 rg BT 260.29 142.25 Td () Tj ET Q q 0 0 0 rg BT 263.07 142.25 Td (s point of contact to us. ) Tj ET Q q 0 0 0 rg BT 358.71 142.25 Td (The loss of the service of these individuals could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (undermine the confidence of our customers in our ability to provide such personalized services. ) Tj ET Q q 0 0 0 rg BT 434.42 130.25 Td (W) Tj ET Q q 0 0 0 rg BT 443.06 130.25 Td (e need to continue to attract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (and retain these individuals and to recruit other qualified individuals to ensure continued growth. In addition, competitors may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (recruit these individuals in light of the value of the individuals) Tj ET Q q 0 0 0 rg BT 301.98 106.25 Td ( relationships with their customers and communities and we may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (not be able to retain such relationships absent the individuals. In any case, if we are unable to attract and retain our relationship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (managers and private bankers, and recruit individuals with appropriate skills and knowledge to support our business, our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (growth strategy) Tj ET Q q 0 0 0 rg BT 111.84 70.25 Td (, business, financial condition and results of operations may be adversely af) Tj ET Q q 0 0 0 rg BT 414.07 70.25 Td (fected.) Tj ET Q endstream endobj 45 0 obj <>] /Rotate 0 /Contents 46 0 R>> endobj 46 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Our success also depends on the experience of our branch managers and lending of) Tj ET Q q 0 0 0 rg BT 382.20 742.10 Td (ficers and on their relationships with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (customers and communities they serve. ) Tj ET Q q 0 0 0 rg BT 209.78 730.10 Td (The loss of these key personnel could negatively impact our banking operations. ) Tj ET Q q 0 0 0 rg BT 533.68 730.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 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 50.00 706.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 706.10 Td (fect on us.) 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 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 50.00 670.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.96 670.10 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Commercial and consumer banking is highly competitive. Our markets contain a lar) Tj ET Q q 0 0 0 rg BT 385.84 646.10 Td (ge number of community and regional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (banks as well as a significant presence of the country) Tj ET Q q 0 0 0 rg BT 265.21 634.10 Td (s lar) Tj ET Q q 0 0 0 rg BT 281.96 634.10 Td (gest commercial banks. ) Tj ET Q q 0 0 0 rg BT 378.42 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 387.06 634.10 Td (e compete with other state and national ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 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 50.00 610.10 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 50.00 598.10 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 50.00 586.10 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 50.00 574.10 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 50.00 562.10 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 50.00 550.10 Td (more ) Tj ET Q q 0 0 0 rg BT 72.50 550.10 Td (A) Tj ET Q q 0 0 0 rg BT 78.61 550.10 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 50.00 538.10 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 50.00 526.10 Td (increase their market share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 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 50.00 490.10 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 50.00 478.10 Td (consolidation of certain competing financial institutions may adversely af) Tj ET Q q 0 0 0 rg BT 344.18 478.10 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 50.00 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 466.10 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 50.00 454.10 Td (footprint by of) Tj ET Q q 0 0 0 rg BT 108.14 454.10 Td (fering competitive rates, as well as non-banks to of) Tj ET Q q 0 0 0 rg BT 312.07 454.10 Td (fer products and services traditionally provided by banks. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (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 50.00 434.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 422.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 422.90 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 515.60 422.90 Td (, personal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 410.90 Td (service, ef) Tj ET Q q 0 0 0 rg BT 146.95 410.90 Td (fective and ef) Tj ET Q q 0 0 0 rg BT 201.18 410.90 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 88.05 392.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 392.90 Td (the scope, relevance and competitive pricing of products and services of) Tj ET Q q 0 0 0 rg BT 394.37 392.90 Td (fered to meet customer needs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 380.90 Td (demands;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 362.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 362.90 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 106.05 350.90 Td (representatives;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 332.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 332.90 Td (the ability to attract and retain highly qualified employees to operate our business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 314.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 314.90 Td (the ability to expand our market position;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 296.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 296.90 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 88.05 278.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 278.90 Td (the ability to operate our business ef) Tj ET Q q 0 0 0 rg BT 250.83 278.90 Td (fectively and ef) Tj ET Q q 0 0 0 rg BT 312.84 278.90 Td (ficiently) Tj ET Q q 0 0 0 rg BT 345.51 278.90 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.90 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 50.00 242.90 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 242.90 Td (fect us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 218.90 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 50.00 206.90 Td (af) Tj ET Q q 0 0 0 rg BT 58.15 206.90 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 50.00 194.90 Td (by us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.90 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 50.00 158.90 Td (directly af) Tj ET Q q 0 0 0 rg BT 90.63 158.90 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 50.00 146.90 Td (business and finance, legislation and regulation af) Tj ET Q q 0 0 0 rg BT 249.48 146.90 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 50.00 134.90 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 50.00 122.90 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 50.00 110.90 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 98.90 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 74.90 Td (Our earnings and cash flows lar) Tj ET Q q 0 0 0 rg BT 176.72 74.90 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 74.90 Td (ference between the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 62.90 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 50.90 Td (liabilities, such as deposits and borrowings. Because dif) Tj ET Q q 0 0 0 rg BT 273.39 50.90 Td (ferent types of assets and liabilities may react dif) Tj ET Q q 0 0 0 rg BT 468.70 50.90 Td (ferently and at ) Tj ET Q endstream endobj 47 0 obj <>] /Rotate 0 /Contents 48 0 R>> endobj 48 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (dif) Tj ET Q q 0 0 0 rg BT 60.93 742.10 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 532.48 742.10 Td (When ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (interest-bearing liabilities mature or reprice more quickly than interest earning assets in a period, an increase in interest rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (would reduce net interest income. Similarly) Tj ET Q q 0 0 0 rg BT 224.30 718.10 Td (, when interest earning assets mature or reprice more quickly) Tj ET Q q 0 0 0 rg BT 467.45 718.10 Td (, and because the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 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 50.00 694.10 Td (reduce net interest income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 670.10 Td (, changes in the level of market interest rates af) Tj ET Q q 0 0 0 rg BT 287.96 670.10 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 50.00 658.10 Td (investment securities portfolios and our overall results. Changes in interest rates may also have a significant impact on any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (future loan origination revenues. Changes in interest rates also have a significant impact on the carrying value of a significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (percentage of the assets, both loans and investment securities, on our balance sheet. ) Tj ET Q q 0 0 0 rg BT 386.38 634.10 Td (W) Tj ET Q q 0 0 0 rg BT 395.01 634.10 Td (e may incur debt in the future and that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (debt may also be sensitive to interest rates and any increase in interest rates could materially and adversely af) Tj ET Q q 0 0 0 rg BT 486.88 622.10 Td (fect us. Interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (rates are highly sensitive to many factors beyond our control, including general economic conditions and policies of various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (governmental and regulatory agencies, particularly the Federal Reserve. ) Tj ET Q q 0 0 0 rg BT 339.88 598.10 Td (Adverse changes in the Federal Reserve) Tj ET Q q 0 0 0 rg BT 502.88 598.10 Td (s interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (policies or other changes in monetary policies and economic conditions could materially and adversely af) Tj ET Q q 0 0 0 rg BT 471.90 586.10 Td (fect us.) Tj ET Q BT /F3 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 58.15 562.10 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 50.00 550.10 Td (failures, interruptions or breaches of security could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 372.03 550.10 Td (fect on us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 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 50.00 514.10 Td (telecommunications systems and third-party servicers. ) Tj ET Q q 0 0 0 rg BT 269.76 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 278.40 514.10 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 50.00 502.10 Td (servicing and deposit processing systems. ) Tj ET Q q 0 0 0 rg BT 219.24 502.10 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 50.00 490.10 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 50.00 478.10 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 50.00 466.10 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 50.00 454.10 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 404.40 454.10 Td (fectively) Tj ET Q q 0 0 0 rg BT 438.74 454.10 Td (, damage our reputation, result ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 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 495.65 442.10 Td (, any of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 178.92 430.10 Td (fect on us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (In addition, we provide our customers with the ability to bank remotely) Tj ET Q q 0 0 0 rg BT 334.84 406.10 Td (, including online, over the Internet and over the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (telephone. ) Tj ET Q q 0 0 0 rg BT 93.69 394.10 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 50.00 382.10 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 50.00 370.10 Td (security breaches. ) Tj ET Q q 0 0 0 rg BT 123.95 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 132.59 370.10 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 50.00 358.10 Td (breaches and computer viruses, or to alleviate problems caused by security breaches or viruses. ) Tj ET Q q 0 0 0 rg BT 433.02 358.10 Td (T) Tj ET Q q 0 0 0 rg BT 438.43 358.10 Td (o the extent that our activities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 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 50.00 334.10 Td (viruses could expose us to claims, regulatory scrutiny) Tj ET Q q 0 0 0 rg BT 263.75 334.10 Td (, litigation and other possible liabilities. ) Tj ET Q q 0 0 0 rg BT 424.29 334.10 Td (Any inability to prevent security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 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 50.00 310.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 310.10 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 286.10 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 50.00 274.10 Td (customers competitively) Tj ET Q q 0 0 0 rg BT 147.38 274.10 Td (, and in a cost-ef) Tj ET Q q 0 0 0 rg BT 213.56 274.10 Td (ficient manner) Tj ET Q q 0 0 0 rg BT 271.19 274.10 Td (, 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 50.00 262.10 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 50.00 250.10 Td (technology and may be better equipped to market new technology-driven products and services. ) Tj ET Q q 0 0 0 rg BT 436.36 250.10 Td (The ability to keep pace with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 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 50.00 226.10 Td (on our financial condition and results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Loss of, or failure to adequately safeguard, confidential or proprietary information may adversely af) Tj ET Q q 0 0 0 rg BT 462.30 202.10 Td (fect the Bancorp) Tj ET Q q 0 0 0 rg BT 533.21 202.10 Td (s ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (operations, net income or reputation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (The Bancorp regularly collects, processes, transmits and stores significant amounts of confidential information regarding its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (customers, employees and others. ) Tj ET Q q 0 0 0 rg BT 187.01 154.10 Td (This information is necessary for the conduct of the Bancorp) Tj ET Q q 0 0 0 rg BT 432.77 154.10 Td (s business activities, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (the ongoing maintenance of deposit, loan, investment management and other account relationships for our customers, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (receiving instructions and af) Tj ET Q q 0 0 0 rg BT 163.39 130.10 Td (fecting transactions for those customers and other users of the Bancorp) Tj ET Q q 0 0 0 rg BT 449.98 130.10 Td (s products and services. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (addition to confidential information regarding its customers, employees and others, the Bancorp compiles, processes, transmits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (and stores proprietary) Tj ET Q q 0 0 0 rg BT 136.54 106.10 Td (, non-public information concerning its 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 94.10 Td (confidential or proprietary information is collected, compiled, processed, transmitted or stored by third parties on behalf of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (Bancorp.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 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 46.10 Td (increased sophistication and activities of perpetrators of cyber) Tj ET Q q 0 0 0 rg BT 297.76 46.10 Td (-attacks. ) Tj ET Q q 0 0 0 rg BT 333.31 46.10 Td (A) Tj ET Q q 0 0 0 rg BT 339.98 46.10 Td ( failure in or breach of the Bancorp) Tj ET Q q 0 0 0 rg BT 483.53 46.10 Td (s operational or ) Tj ET Q endstream endobj 49 0 obj <>] /Rotate 0 /Contents 50 0 R>> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 50.00 742.10 Td (information security systems, or those of the Bancorp) Tj ET Q q 0 0 0 rg BT 267.18 742.10 Td (s third-party service providers, as a result of cyber) Tj ET Q q 0 0 0 rg BT 467.74 742.10 Td (-attacks or information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (security breaches or due to employee error) Tj ET Q q 0 0 0 rg BT 220.08 730.10 Td (, malfeasance or other disruptions could adversely af) Tj ET Q q 0 0 0 rg BT 430.93 730.10 Td (fect our business, result in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (disclosure or misuse of confidential or proprietary information, damage our reputation, increase our costs and/or cause losses. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (As a result, cyber security and the continued development and enhancement of the controls and processes designed to protect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (the Bancorp) Tj ET Q q 0 0 0 rg BT 101.37 694.10 Td (s systems, computers, software, data and networks from attack, damage or unauthorized access remain a priority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (for the Bancorp.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (If this confidential or proprietary information were to be mishandled, misused or lost, the Bancorp could be exposed to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (significant 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 50.00 634.10 Td (confidential or proprietary information could occur) Tj ET Q q 0 0 0 rg BT 254.25 634.10 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 50.00 622.10 Td (erroneously provided to parties who are not permitted to have the information, either by fault of the systems or employees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (the Bancorp, 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 50.00 598.10 Td (information on the Bancorp) Tj ET Q q 0 0 0 rg BT 163.58 598.10 Td (s behalf, where the information is intercepted or otherwise inappropriately taken by third parties or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (where there is a failure or breach of the network, communications or information systems which are used to collect, compile, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (process, transmit or store the information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Although the Bancorp employs a variety of physical, procedural and technological safeguards to protect this confidential and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (proprietary information from mishandling, misuse or loss, these safeguards do not provide absolute assurance that mishandling, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (misuse or loss of the information will not occur) Tj ET Q q 0 0 0 rg BT 239.57 526.10 Td (, or that if mishandling, misuse or loss of the information did occur) Tj ET Q q 0 0 0 rg BT 507.46 526.10 Td (, those events ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (would be promptly detected and addressed. ) Tj ET Q q 0 0 0 rg BT 225.23 514.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 275.13 514.10 Td (, as information security risks and cyber threats continue to evolve, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Bancorp may be required to expend additional resources to continue to enhance its information security measures and/or to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (investigate and remediate any information security vulnerabilities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Our directors and executive of) Tj ET Q q 0 0 0 rg BT 174.80 466.10 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 50.00 454.10 Td (not have the opportunity to evaluate and af) Tj ET Q q 0 0 0 rg BT 226.77 454.10 Td (fect the investment decision regarding a potential investment or acquisition ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (transaction.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.44 418.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.03 418.10 Td (, the directors and executive of) Tj ET Q q 0 0 0 rg BT 276.13 418.10 Td (ficers of Customers Bancorp as a group owned a total of 1,722,606 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (shares of ) Tj ET Q q 0 0 0 rg BT 88.14 406.10 Td (V) Tj ET Q q 0 0 0 rg BT 94.07 406.10 Td (oting Common Stock and exercisable options and warrants to purchase up to an additional 1,028,605 shares of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (V) Tj ET Q q 0 0 0 rg BT 55.93 394.10 Td (oting Common Stock, which potentially gives them, as a group, the ability to control approximately 9.85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.03 394.10 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.03 394.10 Td ( of the issued and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.98 382.10 Td (V) Tj ET Q q 0 0 0 rg BT 104.92 382.10 Td (oting Common Stock.In addition, directors of Customers Bank who are not directors of Customers Bancorp own ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (an additional 23,124 shares of ) Tj ET Q q 0 0 0 rg BT 172.57 370.10 Td (V) Tj ET Q q 0 0 0 rg BT 178.50 370.10 Td (oting Common Stock and exercisable warrants to purchase up to an additional 8,240 shares of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (V) Tj ET Q q 0 0 0 rg BT 55.93 358.10 Td (oting Common Stock, which if combined with the directors and of) Tj ET Q q 0 0 0 rg BT 321.54 358.10 Td (ficers of Customers Bancorp, potentially gives them, as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (group, the ability to control approximately 9.96% of the issued and outstanding ) Tj ET Q q 0 0 0 rg BT 369.76 346.10 Td (V) Tj ET Q q 0 0 0 rg BT 375.69 346.10 Td (oting Common Stock. ) Tj ET Q q 0 0 0 rg BT 466.07 346.10 Td (W) Tj ET Q q 0 0 0 rg BT 474.71 346.10 Td (e believe ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (of stock causes directors and of) Tj ET Q q 0 0 0 rg BT 175.61 334.10 Td (ficers to have the same interests as shareholders, but it also gives them the ability to vote as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (shareholders for matters that are in their personal interest, which may be contrary to the wishes of other shareholders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Shareholders will not necessarily be provided with an opportunity to evaluate the specific merits or risks of one or more tar) Tj ET Q q 0 0 0 rg BT 542.46 310.10 Td (get ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 98.90 298.10 Td (Any decision regarding a potential investment or acquisition transaction will be made by our board of directors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Except in limited circumstances as required by applicable law) Tj ET Q q 0 0 0 rg BT 297.04 286.10 Td (, consummation of an acquisition will not require the approval of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (holders of ) Tj ET Q q 0 0 0 rg BT 92.59 274.10 Td (V) Tj ET Q q 0 0 0 rg BT 98.52 274.10 Td (oting Common Stock. ) Tj ET Q q 0 0 0 rg BT 188.53 274.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 237.87 274.10 Td (, the shareholder may not have an opportunity to evaluate and af) Tj ET Q q 0 0 0 rg BT 494.82 274.10 Td (fect the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (investment decision regarding potential investment or acquisition transactions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 238.10 Td (e intend to engage in acquisitions of other businesses from time to time, including our pending acquisition of certain ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (assets from Higher One. These acquisitions may not produce revenue or earnings enhancements or cost savings at levels, or ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (within timeframes, originally anticipated and may result in unforeseen integration dif) Tj ET Q q 0 0 0 rg BT 402.35 214.10 Td (ficulties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 190.10 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 50.00 178.10 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 50.00 166.10 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 50.00 154.10 Td (the aggregate, have a material ef) Tj ET Q q 0 0 0 rg BT 179.74 154.10 Td (fect on our operating results and financial condition, including short and long-term liquidity) Tj ET Q q 0 0 0 rg BT 546.51 154.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 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 487.22 142.10 Td (V) Tj ET Q q 0 0 0 rg BT 493.15 142.10 Td (oting Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (Stock in a purchase transaction, which could dilute current shareholders) Tj ET Q q 0 0 0 rg BT 340.27 130.10 Td ( value or ownership interest. ) Tj ET Q q 0 0 0 rg BT 456.17 130.10 Td (These activities could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (require us to use a substantial amount of cash, 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 50.00 106.10 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 483.83 106.10 Td (ge against our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (earnings, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 248.91 94.10 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 82.10 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 74.90 Td () Tj ET Q endstream endobj 51 0 obj <>] /Rotate 0 /Contents 52 0 R>> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) 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 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 106.05 730.10 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 106.05 718.10 Td (business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 700.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 700.10 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 106.05 688.10 Td (respect to the tar) Tj ET Q q 0 0 0 rg BT 172.23 688.10 Td (get institution or assets;) 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 (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 88.05 652.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 652.10 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 88.05 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 634.10 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 88.05 616.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 616.10 Td (creating an adverse short-term ef) Tj ET Q q 0 0 0 rg BT 237.47 616.10 Td (fect on our results of operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 598.10 Td (losing key employees and customers as a result of an acquisition that is poorly received; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 580.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 580.10 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 106.05 568.10 Td (acquired into our financial and customer product systems.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 544.10 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 50.00 532.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 102.59 532.10 Td (While the FDIC may) Tj ET Q q 0 0 0 rg BT 186.09 532.10 Td (, in such acquisitions, provide assistance to mitigate certain risks, such as sharing in exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (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 50.00 508.10 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 433.87 508.10 Td (ficulty of integration, in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (acquiring such institutions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 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 426.76 472.10 Td (, at least in the near term, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (materially adversely af) Tj ET Q q 0 0 0 rg BT 141.44 460.10 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 50.00 448.10 Td (to have such ef) Tj ET Q q 0 0 0 rg BT 110.07 448.10 Td (fects. ) Tj ET Q q 0 0 0 rg BT 133.77 448.10 Td (W) Tj ET Q q 0 0 0 rg BT 142.41 448.10 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 50.00 436.10 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 50.00 424.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 424.10 Td (fect on levels of reported net income, return on equity and return on assets, and the ability to achieve our business strategy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (and maintain market value.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 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 50.00 364.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 364.10 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 50.00 352.10 Td (other businesses. Generally) Tj ET Q q 0 0 0 rg BT 159.04 352.10 Td (, any acquisition of tar) Tj ET Q q 0 0 0 rg BT 248.56 352.10 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 50.00 340.10 Td (require approval by) Tj ET Q q 0 0 0 rg BT 127.65 340.10 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 50.00 328.10 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 50.00 316.10 Td (consider) Tj ET Q q 0 0 0 rg BT 83.48 316.10 Td (, among other factors:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 308.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 296.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 296.90 Td (the ef) Tj ET Q q 0 0 0 rg BT 128.35 296.90 Td (fect of the acquisition on competition;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 278.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 278.90 Td (the financial condition, liquidity) Tj ET Q q 0 0 0 rg BT 234.26 278.90 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 106.05 266.90 Td (bank\(s\) involved;) 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 (the quantity and complexity of previously consummated acquisitions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 230.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 230.90 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 88.05 212.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 212.90 Td (the convenience and needs of the community) Tj ET Q q 0 0 0 rg BT 285.89 212.90 Td (, including the record of performance under the Community ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 200.90 Td (Reinvestment ) Tj ET Q q 0 0 0 rg BT 162.99 200.90 Td (Act \(CRA\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 182.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 182.90 Td (the ef) Tj ET Q q 0 0 0 rg BT 128.35 182.90 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 88.05 164.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 164.90 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 106.05 152.90 Td (States banking or financial system.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.90 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 50.00 116.90 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 50.00 104.90 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 92.90 Td (reduce the benefit of any acquisition.) Tj ET Q endstream endobj 53 0 obj <>] /Rotate 0 /Contents 54 0 R>> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (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 50.00 730.25 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 50.00 718.25 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 50.00 706.25 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 50.00 682.25 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 50.00 670.25 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 50.00 658.25 Td (opportunities. ) Tj ET Q q 0 0 0 rg BT 107.22 658.25 Td (As conditions change, we may prove to be unable to execute our acquisition strategy) Tj ET Q q 0 0 0 rg BT 445.36 658.25 Td (, which could materially and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 646.25 Td (fect us. ) Tj ET Q q 0 0 0 rg BT 129.60 646.25 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 50.00 634.25 Td (transactions with tar) Tj ET Q q 0 0 0 rg BT 130.91 634.25 Td (get banking franchises that meet our investment objectives. ) Tj ET Q q 0 0 0 rg BT 370.38 634.25 Td (There are significant risks associated with our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (ability to identify and successfully consummate these acquisitions. ) Tj ET Q q 0 0 0 rg BT 318.93 622.25 Td (There are a limited number of acquisition opportunities, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (we expect to encounter intense competition from other banking or) Tj ET Q q 0 0 0 rg BT 313.90 610.25 Td (ganizations competing for acquisitions and also from other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (investment funds and entities looking to acquire financial institutions. Many of these entities are well established and have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (extensive experience in identifying and consummating acquisitions directly or through af) Tj ET Q q 0 0 0 rg BT 406.39 586.25 Td (filiates. Many of these competitors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (possess ongoing banking operations with greater financial, technical, human and other resources and access to capital than we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (do, which could limit the acquisition opportunities we pursue. Our competitors may be able to achieve greater cost savings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (through consolidating operations or otherwise, than we could. ) Tj ET Q q 0 0 0 rg BT 299.77 550.25 Td (These competitive limitations give others an advantage in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (pursuing certain acquisitions. In addition, increased competition may drive up the prices for the acquisitions we pursue and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (make the other acquisition terms more onerous, which would make the identification and successful consummation of those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (acquisitions less attractive to us. Competitors may be willing to pay more for acquisitions than we believe are justified, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (could result in us having to pay more for them than we prefer or to forego the opportunity) Tj ET Q q 0 0 0 rg BT 408.42 502.25 Td (. ) Tj ET Q q 0 0 0 rg BT 412.87 502.25 Td (As a result of the foregoing, we may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (be unable to successfully identify and consummate acquisitions on attractive terms, or at all, that are necessary to grow our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 454.25 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 50.00 442.25 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 50.00 430.25 Td (judgment of our management team. In all cases, projections are only estimates of future results that are based upon assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (made at the time that the projections are developed and the projected results may vary significantly from actual results. General ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (economic, political and market conditions can have a material adverse impact on the reliability of such projections. In the event ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (that the projections made in connection with our acquisitions, or future projections with respect to new acquisitions, are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (accurate, such inaccuracies could materially and adversely af) Tj ET Q q 0 0 0 rg BT 294.14 382.25 Td (fect us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 358.25 Td (e are subject to certain risks related to FDIC-assisted acquisitions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (The success of past FDIC-assisted acquisitions, and any FDIC-assisted acquisitions in which we may participate in the future, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (will depend on a number of factors, including our ability to:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 315.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 303.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 303.05 Td (fully integrate, and to integrate successfully) Tj ET Q q 0 0 0 rg BT 280.34 303.05 Td (, the branches acquired into bank operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 285.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 285.05 Td (limit the outflow of deposits held by new customers in the acquired branches and to successfully retain and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 273.05 Td (manage interest-earning assets \(loans\) acquired in FDIC-assisted acquisitions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 255.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 255.05 Td (retain existing deposits and to generate new interest-earning assets in the geographic areas previously served by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 243.05 Td (the acquired banks;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 225.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 225.05 Td (ef) Tj ET Q q 0 0 0 rg BT 113.64 225.05 Td (fectively compete in new markets in which we did not previously have a presence;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 207.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 207.05 Td (successfully deploy the cash received in the FDIC-assisted acquisitions into assets bearing suf) Tj ET Q q 0 0 0 rg BT 481.89 207.05 Td (ficiently high yields ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 195.05 Td (without incurring unacceptable credit or interest rate risk;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 177.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 177.05 Td (control the incremental non-interest expense from the acquired branches in a manner that enables us to maintain a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 165.05 Td (favorable overall ef) Tj ET Q q 0 0 0 rg BT 184.16 165.05 Td (ficiency ratio;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 147.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 147.05 Td (retain and attract the appropriate personnel to staf) Tj ET Q q 0 0 0 rg BT 304.39 147.05 Td (f the acquired branches; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 129.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 129.05 Td (earn acceptable levels of interest and non-interest income, including fee income, from the acquired bank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.05 Td (As with any acquisition involving a financial institution, particularly one involving the transfer of a lar) Tj ET Q q 0 0 0 rg BT 460.28 105.05 Td (ge number of bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.05 Td (branches \(as is often the case with FDIC-assisted acquisitions\), there may be higher than average levels of service disruptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.05 Td (that would cause inconveniences or potentially increase the ef) Tj ET Q q 0 0 0 rg BT 297.50 81.05 Td (fectiveness of competing financial institutions in attracting our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.05 Td (customers. Integrating the acquired branches could present unique challenges and opportunities because of the nature of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.05 Td (transactions. Integration ef) Tj ET Q q 0 0 0 rg BT 156.72 57.05 Td (forts will also likely divert our management) Tj ET Q q 0 0 0 rg BT 335.01 57.05 Td (s attention and resources. It is not known whether we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.05 Td (will be able to integrate acquired branches successfully) Tj ET Q q 0 0 0 rg BT 270.10 45.05 Td (, and the integration process could result in the loss of key employees, ) Tj ET Q endstream endobj 55 0 obj <>] /Rotate 0 /Contents 56 0 R>> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (the disruption of ongoing business or inconsistencies in standards, controls, procedures and policies that adversely af) Tj ET Q q 0 0 0 rg BT 517.22 742.10 Td (fect our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (ability to maintain relationships with clients, customers, depositors and employees or to achieve the anticipated benefits of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (FDIC-assisted acquisitions. ) Tj ET Q q 0 0 0 rg BT 162.31 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 170.95 718.10 Td (e may also encounter unexpected dif) Tj ET Q q 0 0 0 rg BT 317.10 718.10 Td (ficulties or costs during integration that could materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 706.10 Td (fect our earnings and financial condition. ) Tj ET Q q 0 0 0 rg BT 264.74 706.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 314.64 706.10 Td (, we may be unable to compete ef) Tj ET Q q 0 0 0 rg BT 448.85 706.10 Td (fectively in the market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (areas previously served by the acquired branches or to manage any growth resulting from FDIC-assisted acquisitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 682.10 Td (fectively) Tj ET Q q 0 0 0 rg BT 91.92 682.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Our willingness and ability to grow acquired branches following FDIC-assisted acquisitions depend on several factors, most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (importantly the ability to retain certain key personnel that we hire or transfer in connection with FDIC-assisted acquisitions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Our failure to retain these employees could adversely af) Tj ET Q q 0 0 0 rg BT 273.62 634.10 Td (fect the success of FDIC-assisted acquisitions and our future growth.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Our ability to continue to receive benefits of our Loss Sharing ) Tj ET Q q 0 0 0 rg BT 307.14 610.10 Td (Agreements with the FDIC is conditioned upon compliance ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (with certain requirements under the Purchase and ) Tj ET Q q 0 0 0 rg BT 259.94 598.10 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 310.98 598.10 Td (Agreements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Pursuant to the Purchase and ) Tj ET Q q 0 0 0 rg BT 167.48 574.10 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 217.77 574.10 Td (Agreements we signed in connection with our FDIC-assisted acquisitions of USA) Tj ET Q q 0 0 0 rg BT 544.39 574.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Bank and ISN Bank \(Purchase and ) Tj ET Q q 0 0 0 rg BT 195.52 562.10 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 245.81 562.10 Td (Agreements\), we are the beneficiary of loss sharing arrangements with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (FDIC \(the Loss Sharing ) Tj ET Q q 0 0 0 rg BT 152.22 550.10 Td (Agreements\) that call for the FDIC to fund a portion of its losses on a majority of the assets acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (in connection with the transactions. Our ability to recover a portion of losses and retain the loss sharing protection is subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (compliance with certain requirements imposed on us in the Purchase and ) Tj ET Q q 0 0 0 rg BT 343.53 526.10 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 393.82 526.10 Td (Agreements. ) Tj ET Q q 0 0 0 rg BT 446.95 526.10 Td (The requirements of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Loss Sharing ) Tj ET Q q 0 0 0 rg BT 104.45 514.10 Td (Agreements relate primarily to loan servicing standards concerning the assets covered by the Loss Sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Agreements \(the Covered ) Tj ET Q q 0 0 0 rg BT 159.13 502.10 Td (Assets\), as well as obtaining the consent of the FDIC to engage in certain corporate transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (that may be deemed under the agreements to constitute a transfer of the loss sharing benefits. For example, FDIC approval will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (be required for any mer) Tj ET Q q 0 0 0 rg BT 144.22 478.10 Td (ger we undertake that would result in the pre-mer) Tj ET Q q 0 0 0 rg BT 341.74 478.10 Td (ger shareholders of such entity owning less than sixty-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (six and two/thirds percent \(66.66%\)of the equity of the surviving entity) Tj ET Q q 0 0 0 rg BT 337.07 466.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (As the loan servicing standards evolve, we may experience dif) Tj ET Q q 0 0 0 rg BT 299.73 442.10 Td (ficulties in complying with the requirements of the Loss Sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Agreements, which could result in Covered ) Tj ET Q q 0 0 0 rg BT 225.79 430.10 Td (Assets losing some or all of their loss sharing coverage. In accordance with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (terms of the Loss Sharing ) Tj ET Q q 0 0 0 rg BT 154.71 418.10 Td (Agreements, we are subject to audits by the FDIC through its designated agent. ) Tj ET Q q 0 0 0 rg BT 474.18 418.10 Td (The required terms of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (the Loss Sharing ) Tj ET Q q 0 0 0 rg BT 119.17 406.10 Td (Agreements are extensive and failure to comply with any of the guidelines could result in a specific asset or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (group of assets losing their loss sharing coverage.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (In such instances in which the consent of the FDIC is required under the Purchase and ) Tj ET Q q 0 0 0 rg BT 396.58 370.10 Td (Assumption ) Tj ET Q q 0 0 0 rg BT 446.87 370.10 Td (Agreements, the FDIC may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (withhold its consent to such transactions or may condition its consent on terms that we do not find acceptable. ) Tj ET Q q 0 0 0 rg BT 492.50 358.10 Td (There can be no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (assurance that the FDIC will grant its consent or condition its consent on terms that we find acceptable. If the FDIC does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (grant its consent to a transaction we would like to pursue, or conditions its consent on terms that we do not find acceptable, this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (may cause us not to engage in a corporate transaction that might otherwise benefit shareholders or to pursue such a transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (without obtaining the FDIC) Tj ET Q q 0 0 0 rg BT 163.61 310.10 Td (s consent, which could result in termination of the Loss Sharing ) Tj ET Q q 0 0 0 rg BT 420.79 310.10 Td (Agreements with the FDIC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Loans covered under the loss sharing agreements totaled $13.8 million at December31, 2015. ) Tj ET Q q 0 0 0 rg BT 428.33 286.10 Td (The period to submit losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (under the FDIC loss sharing agreements for non-single family loans expired in third quarter 2015. ) Tj ET Q q 0 0 0 rg BT 449.17 274.10 Td (The period to submit losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (under the FDIC loss sharing agreements for single family loans expires in third quarter 2017. Unless terminated earlier) Tj ET Q q 0 0 0 rg BT 527.53 262.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (final maturity of the FDIC loss sharing agreements occurs in third quarter 2020.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (FDIC-assisted acquisition opportunities may not become available and increased competition may make it more dif) Tj ET Q q 0 0 0 rg BT 523.70 226.10 Td (ficult for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (us to bid on failed bank transactions on terms considered to be acceptable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (Our near) Tj ET Q q 0 0 0 rg BT 85.06 190.10 Td (-term business strategy includes consideration of potential acquisitions of failing banks that the FDIC plans to place in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (receivership. ) Tj ET Q q 0 0 0 rg BT 103.68 178.10 Td (The FDIC may not place banks that meet our strategic objectives into receivership. Failed bank transactions are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (attractive opportunities in part because of loss sharing arrangements with the FDIC that limit the acquirer) Tj ET Q q 0 0 0 rg BT 471.64 166.10 Td () Tj ET Q q 0 0 0 rg BT 474.42 166.10 Td (s downside risk on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (the purchased loan portfolio and, apart from our assumption of deposit liabilities, we have significant discretion as to the non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (deposit liabilities that we assume. In addition, assets purchased from the FDIC are marked to their fair value and in many cases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (there is little or no addition to goodwill arising from an FDIC-assisted acquisition. ) Tj ET Q q 0 0 0 rg BT 381.44 130.10 Td (The bidding process for failing banks could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (become very competitive, and the increased competition may make it more dif) Tj ET Q q 0 0 0 rg BT 364.15 118.10 Td (ficult for us to bid on terms we consider to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (acceptable. Further) Tj ET Q q 0 0 0 rg BT 126.23 106.10 Td (, all FDIC-assisted acquisitions would require us to obtain applicable regulatory approval.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 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 70.10 Td (the value predicted from these assets or that we will make suf) Tj ET Q q 0 0 0 rg BT 301.20 70.10 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 58.10 Td (estimate the future write-downs taken in respect of, these assets.) Tj ET Q endstream endobj 57 0 obj <>] /Rotate 0 /Contents 58 0 R>> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (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 50.00 730.10 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 50.00 718.10 Td (institutions. 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 50.00 706.10 Td (deterioration in economic conditions and subsequent declines in collateral values and credit quality indicators. ) Tj ET Q q 0 0 0 rg BT 492.92 706.10 Td (Any of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (events could adversely af) Tj ET Q q 0 0 0 rg BT 151.17 694.10 Td (fect the financial condition, liquidity) Tj ET Q q 0 0 0 rg BT 296.87 694.10 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 50.00 682.10 Td (business as a whole. Further) Tj ET Q q 0 0 0 rg BT 162.64 682.10 Td (, as a registered bank holding company) Tj ET Q q 0 0 0 rg BT 318.33 682.10 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 50.00 670.10 Td (to cross-guaranty liability under applicable banking law) Tj ET Q q 0 0 0 rg BT 272.62 670.10 Td (. If we do so and any of the foregoing adverse events occur with respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (to one subsidiary) Tj ET Q q 0 0 0 rg BT 117.68 658.10 Td (, they may adversely af) Tj ET Q q 0 0 0 rg BT 210.51 658.10 Td (fect other subsidiaries. ) Tj ET Q q 0 0 0 rg BT 302.71 658.10 Td (Asset valuations are estimates of value and there is no certainty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (that we will be able to sell assets of tar) Tj ET Q q 0 0 0 rg BT 204.50 646.10 Td (get institutions at the estimated value, even if it is determined to be in our best interests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (to do so. ) Tj ET Q q 0 0 0 rg BT 86.49 634.10 Td (The institutions we may tar) Tj ET Q q 0 0 0 rg BT 195.73 634.10 Td (get may have substantial amounts of asset classes for which there is currently limited or no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (marketability) Tj ET Q q 0 0 0 rg BT 102.67 622.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 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 487.07 598.10 Td (fs, restructuring ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (and impairment or other charges that could have a significant negative ef) Tj ET Q q 0 0 0 rg BT 352.88 586.10 Td (fect on our financial condition and results of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 550.10 Td (e conduct due diligence investigations of tar) Tj ET Q q 0 0 0 rg BT 235.07 550.10 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 50.00 538.10 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 50.00 526.10 Td (Even if extensive due diligence is conducted on a tar) Tj ET Q q 0 0 0 rg BT 260.58 526.10 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 50.00 514.10 Td (reveal all material issues that may af) Tj ET Q q 0 0 0 rg BT 195.87 514.10 Td (fect a particular tar) Tj ET Q q 0 0 0 rg BT 271.47 514.10 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 50.00 502.10 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 502.10 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 475.06 502.10 Td (get institution or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (environment in which the tar) Tj ET Q q 0 0 0 rg BT 165.34 490.10 Td (get institution operates, we may be forced to later write down or write of) Tj ET Q q 0 0 0 rg BT 455.63 490.10 Td (f assets, restructure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (operations or incur impairment or other char) Tj ET Q q 0 0 0 rg BT 227.53 478.10 Td (ges that could result in reporting losses. ) Tj ET Q q 0 0 0 rg BT 388.44 478.10 Td (These char) Tj ET Q q 0 0 0 rg BT 431.84 478.10 Td (ges may also occur if we are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (successful in integrating and managing the operations of the tar) Tj ET Q q 0 0 0 rg BT 303.35 466.10 Td (get institution with which we combine. In addition, char) Tj ET Q q 0 0 0 rg BT 527.57 466.10 Td (ges of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (this nature may cause us to violate net worth or other covenants to which we may be subject as a result of assuming preexisting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (debt held by a tar) Tj ET Q q 0 0 0 rg BT 119.24 442.10 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 50.00 418.10 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 50.00 406.10 Td (consummated, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 276.20 406.10 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 50.00 394.10 Td (business.) Tj ET Q BT /F1 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 58.64 370.10 Td (e anticipate that the investigation of each specific tar) Tj ET Q q 0 0 0 rg BT 268.92 370.10 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 50.00 358.10 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 50.00 346.10 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 50.00 334.10 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 50.00 322.10 Td (if an agreement is reached relating to a specific tar) Tj ET Q q 0 0 0 rg BT 251.66 322.10 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 50.00 310.10 Td (transaction for any number of reasons, including those beyond our control. ) Tj ET Q q 0 0 0 rg BT 350.76 310.10 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 50.00 298.10 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 464.42 298.10 Td (fect subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (attempts to locate and acquire or mer) Tj ET Q q 0 0 0 rg BT 198.09 286.10 Td (ge with another institution and our reported earnings.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (If we do not open new branches as planned, or do not achieve targeted profitability on new branches, earnings may be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (reduced.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Customers Bank is interested in opening or acquiring four to six new branches annually for the next several years in and around ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (our tar) Tj ET Q q 0 0 0 rg BT 76.20 214.10 Td (get markets of southeastern Pennsylvania, New Jersey) Tj ET Q q 0 0 0 rg BT 292.43 214.10 Td (, New ) Tj ET Q q 0 0 0 rg BT 318.44 214.10 Td (Y) Tj ET Q q 0 0 0 rg BT 324.66 214.10 Td (ork, Maryland, Connecticut, ) Tj ET Q q 0 0 0 rg BT 440.01 214.10 Td (V) Tj ET Q q 0 0 0 rg BT 446.63 214.10 Td (ir) Tj ET Q q 0 0 0 rg BT 452.56 214.10 Td (ginia and Delaware. Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (ability to open or acquire branches is subject to regulatory approvals. ) Tj ET Q q 0 0 0 rg BT 328.62 202.10 Td (W) Tj ET Q q 0 0 0 rg BT 337.26 202.10 Td (e cannot predict whether the banking regulators will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (agree with our growth plans or if or when they will provide the necessary branch approvals. Numerous factors contribute to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (performance of a new branch, such as the ability to select a suitable location, competition, our ability to hire and retain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (qualified personnel, and the ef) Tj ET Q q 0 0 0 rg BT 171.16 166.10 Td (fectiveness of our marketing strategy) Tj ET Q q 0 0 0 rg BT 318.79 166.10 Td (. It takes time for a new branch to generate significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (deposits and loan volume to of) Tj ET Q q 0 0 0 rg BT 172.86 154.10 Td (fset expenses, some of which, like salaries and occupancy expense, are relatively fixed costs. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (The initial cost, including capital asset purchases, for each new branch to open would be in a range of approximately $200,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (to $250,000. ) Tj ET Q q 0 0 0 rg BT 102.23 130.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 152.13 130.10 Td (, there can be no assurance that any of these new branches will ever become profitable. During the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (period of time 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 94.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.19 94.10 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 82.10 Td (implement our growth strategy) Tj ET Q q 0 0 0 rg BT 176.03 82.10 Td (, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 345.00 82.10 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 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 58.10 Td (ganic loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (growth. ) Tj ET Q q 0 0 0 rg BT 83.15 46.10 Td (While loan growth has been strong and our loan balances have increased over the past three fiscal years, much of the ) Tj ET Q endstream endobj 59 0 obj <>] /Rotate 0 /Contents 60 0 R>> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (loan growth came from multi-family and commercial real estate lending. If the bank is unsuccessful with diversifying its loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 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 50.00 718.10 Td (negatively impacted.) 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 may not be able to ef) Tj ET Q q 0 0 0 rg BT 150.17 694.10 Td (fectively manage our growth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Our future operating results and financial condition depend to a lar) Tj ET Q q 0 0 0 rg BT 316.95 670.10 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 50.00 658.10 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 491.91 658.10 Td (Whether through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (additional acquisitions or or) Tj ET Q q 0 0 0 rg BT 161.74 646.10 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 50.00 638.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 626.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 626.90 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 85.60 614.90 Td (enterprise risk management and other internal and disclosure controls and processes and our reporting systems and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 602.90 Td (procedures 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 67.60 584.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 584.90 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 85.60 572.90 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 67.60 554.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 554.90 Td (scale our technology and other systems) Tj ET Q q 0 0 0 rg BT 245.09 554.90 Td ( platforms;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 536.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 536.90 Td (maintain and attract appropriate staf) Tj ET Q q 0 0 0 rg BT 229.80 536.90 Td (fing;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 518.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 518.90 Td (operate profitable or raise capital; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.60 500.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 500.90 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 522.56 500.90 Td (gin and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.60 488.90 Td (meeting our customers) Tj ET Q q 0 0 0 rg BT 179.28 488.90 Td ( and regulators) Tj ET Q q 0 0 0 rg BT 241.29 488.90 Td ( liquidity requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.90 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 464.90 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 50.00 452.90 Td (underwriting and administration, internal and disclosure controls, and procedures and processes in an ef) Tj ET Q q 0 0 0 rg BT 464.98 452.90 Td (ficient or timely manner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.90 Td (and may discover deficiencies in existing systems and controls. In particular) Tj ET Q q 0 0 0 rg BT 354.79 440.90 Td (, our controls and procedures must be able to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.90 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 50.00 416.90 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 50.00 404.90 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 445.50 404.90 Td (fectively manage and grow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.90 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 486.34 392.90 Td (fected. In addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.90 Td (if we are unable to manage our current and future expansion in our operations, we may experience compliance, operational and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.90 Td (regulatory problems and delays, have to slow our pace of growth or even stop our market and product expansion, or have to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.90 Td (incur additional expenditures beyond current projections to support such growth, any one of which could materially and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 344.90 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 344.90 Td (fect us. If we experience dif) Tj ET Q q 0 0 0 rg BT 209.83 344.90 Td (ficulties with the development of new business activities or the integration process of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 332.90 Td (acquired businesses, the anticipated benefits of any particular acquisition may not be realized fully) Tj ET Q q 0 0 0 rg BT 443.66 332.90 Td (, or at all, or may take longer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 320.90 Td (to realize than expected. ) Tj ET Q q 0 0 0 rg BT 149.12 320.90 Td (Additionally) Tj ET Q q 0 0 0 rg BT 199.02 320.90 Td (, we may be unable to recognize syner) Tj ET Q q 0 0 0 rg BT 352.11 320.90 Td (gies, operating ef) Tj ET Q q 0 0 0 rg BT 421.07 320.90 Td (ficiencies and/or expected benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.90 Td (within expected timeframes and cost projections, or at all. ) Tj ET Q q 0 0 0 rg BT 283.91 308.90 Td (W) Tj ET Q q 0 0 0 rg BT 292.55 308.90 Td (e also may not be able to preserve the goodwill of an acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 296.90 Td (financial institution. Our growth could lead to increases in our legal, audit, administrative and financial compliance costs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.90 Td (which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 210.03 284.90 Td (fect us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 260.90 Td (If our techniques for managing risk are inef) Tj ET Q q 0 0 0 rg BT 232.34 260.90 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 50.00 236.90 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 390.57 236.90 Td (fective policies, procedures and systems ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.90 Td (that enable us to identify) Tj ET Q q 0 0 0 rg BT 148.21 224.90 Td (, monitor and control our exposure to material risks, such as credit, operational, legal and reputational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.90 Td (risks. Our risk management methods may prove to be inef) Tj ET Q q 0 0 0 rg BT 281.99 212.90 Td (fective due to their design, their implementation or the degree to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.90 Td (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 50.00 188.90 Td (management ef) Tj ET Q q 0 0 0 rg BT 111.18 188.90 Td (forts are inef) Tj ET Q q 0 0 0 rg BT 162.08 188.90 Td (fective, we could suf) Tj ET Q q 0 0 0 rg BT 245.20 188.90 Td (fer losses that could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 431.60 188.90 Td (fect on our business, financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.90 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 50.00 164.90 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 50.00 152.90 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 50.00 128.90 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 128.90 Td (e are dependent upon maintaining an ef) Tj ET Q q 0 0 0 rg BT 222.98 128.90 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 50.00 116.90 Td (transactions and activities are conducted in accordance with established policies and procedures and are all captured and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 104.90 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 92.90 Td (which could adversely af) Tj ET Q q 0 0 0 rg BT 151.75 92.90 Td (fect Customers' operations, net income, financial condition, reputation, and compliance with laws ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 80.90 Td (and regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.90 Td (Customers' system of internal controls, including internal controls over financial reporting, is an important element of our risk) Tj ET Q endstream endobj 61 0 obj <>] /Rotate 0 /Contents 62 0 R>> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (management framework. Management regularly reviews and seeks to improve Customers) Tj ET Q q 0 0 0 rg BT 411.92 742.10 Td ( internal controls, including annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (review 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 523.17 730.10 Td (Any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (system of internal controls, however well designed and operated, is based in part on certain assumptions and expectations of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (employee conduct and can only provide reasonable, not absolute, assurance that the objectives of the internal control structure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (are met. ) Tj ET Q q 0 0 0 rg BT 84.15 694.10 Td (Any failure or circumvention of Customers) Tj ET Q q 0 0 0 rg BT 259.75 694.10 Td ( controls and procedures, or failure to comply with regulations related to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (controls and procedures, could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 279.44 682.10 Td (fect on the Customers) Tj ET Q q 0 0 0 rg BT 369.51 682.10 Td ( operations, net income, financial condition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (reputation and compliance with laws and regulations.) Tj ET Q BT /F3 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 58.15 646.10 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 50.00 634.10 Td (business needs and fund our asset growth unless we maintain suf) Tj ET Q q 0 0 0 rg BT 318.78 634.10 Td (ficient liquidity) Tj ET Q q 0 0 0 rg BT 380.91 634.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Customers Bank must maintain suf) Tj ET Q q 0 0 0 rg BT 190.37 610.10 Td (ficient liquidity to fund its balance sheet growth in order to successfully grow our revenues, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (make loans and to repay deposit and other liabilities as these mature or are drawn. ) Tj ET Q q 0 0 0 rg BT 380.26 598.10 Td (This liquidity can be gathered in both ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (wholesale and non-wholesale funding markets. Our asset growth over the past few years has been funded with various forms of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (deposits and wholesale funding, including brokered and wholesale time deposits, FHLB advances, and Federal funds line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (borrowings. ) Tj ET Q q 0 0 0 rg BT 102.87 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 108.28 562.10 Td (otal wholesale deposits including brokered deposits were 42.1% and 35.3% of total deposits as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.70 562.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 550.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.44 550.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 550.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 162.10 550.10 Td (. Our gross loan to deposit ratio was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.52 550.10 Td (122.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.35 550.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.57 550.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 550.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.59 550.10 Td (126.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.42 550.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.64 550.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 538.10 Td ( and our loan to deposit ratios excluding the mortgage warehouse portfolio funded by short term FHLB borrowings were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (93.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 526.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.27 526.10 Td (97.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.10 526.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.26 526.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.84 526.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.28 526.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.28 526.10 Td (, respectively) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.59 526.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.09 526.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.91 526.10 Td (Wholesale funding can cost more than deposits generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (from our traditional branch system and customer relationships and is subject to certain practical limits such as our liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (policy limits, our available collateral for FHLB borrowings capacity and Federal funds line limits with our lenders. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 490.10 Td (, regulators consider wholesale funding beyond certain points to be imprudent and might suggest that future asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (growth be reduced or halted. In the absence of appropriate levels and mix of funding, we might need to reduce earning asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (growth through the reduction of current production, sales of loans and/or the sale of participation interests in future and current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (loans. ) Tj ET Q q 0 0 0 rg BT 75.93 454.10 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 50.00 430.10 Td (The amount loaned to us is generally dependent on the value of the eligible collateral pledged and our financial condition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (These lenders could reduce the percentages loaned against various collateral categories, eliminate certain types of collateral and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (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 473.76 406.10 Td (. ) Tj ET Q q 0 0 0 rg BT 478.21 406.10 Td (Any change or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (termination of our borrowings from the FHLB or correspondent banks could have an adverse ef) Tj ET Q q 0 0 0 rg BT 432.49 394.10 Td (fect on our profitability and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (financial condition, including liquidity) Tj ET Q q 0 0 0 rg BT 203.77 382.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 358.10 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 50.00 334.10 Td (Customers Bank depends on checking, savings and money market deposit account balances and other forms of customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (deposits as a primary source of funding for our lending activities. ) Tj ET Q q 0 0 0 rg BT 313.64 322.10 Td (W) Tj ET Q q 0 0 0 rg BT 322.28 322.10 Td (e expect that our future loan growth will lar) Tj ET Q q 0 0 0 rg BT 496.48 322.10 Td (gely depend on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (our ability to 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 333.26 310.10 Td (39.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.09 310.10 Td ( of our deposit base as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.57 310.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 310.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (time deposits, it may prove harder to maintain and grow our deposit base than would otherwise be the case, especially since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (many of these deposits currently pay interest at above-market rates. ) Tj ET Q q 0 0 0 rg BT 321.85 286.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.29 286.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.88 286.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.88 286.10 Td ($1.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.99 286.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.82 286.10 Td (76.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 286.10 Td (,of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (total time deposits are scheduled to mature through December 31, 2016. ) Tj ET Q q 0 0 0 rg BT 340.57 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 349.21 274.10 Td (e are working to transition certain of our customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (to lower cost traditional bank deposits as higher cost funding, such as time deposits, mature. If interest rates increase, whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (due to changes in inflation, monetary policy) Tj ET Q q 0 0 0 rg BT 225.69 250.10 Td (, competition or other factors, we would expect to pay higher interest rates on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (deposits, which would increase our funding costs and compress our net interest mar) Tj ET Q q 0 0 0 rg BT 384.46 238.10 Td (gin. ) Tj ET Q q 0 0 0 rg BT 402.06 238.10 Td (W) Tj ET Q q 0 0 0 rg BT 410.70 238.10 Td (e may not succeed in moving our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (deposits to lower yielding savings and transactions products, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 455.27 226.10 Td (fect us. In addition, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (concerns about bank failures over the past several years and the end of the FDIC) Tj ET Q q 0 0 0 rg BT 374.89 214.10 Td (s non-interest transaction deposit guarantee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (program on December31, 2012, customers, particularly those who may maintain deposits in excess of insured limits, have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (become concerned about the extent to which their deposits are insured by the FDIC. Our customers may withdraw deposits to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (ensure that their deposits with us are fully insured, and may place excess amounts in other institutions or make investments that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (are perceived as being more secure and/or higher yielding. Further) Tj ET Q q 0 0 0 rg BT 315.61 166.10 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 50.00 154.10 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 50.00 142.10 Td (risk/return tradeof) Tj ET Q q 0 0 0 rg BT 122.29 142.10 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 50.00 130.10 Td (increasing our funding costs and reducing our net interest income and net income. ) Tj ET Q q 0 0 0 rg BT 379.91 130.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 429.81 130.10 Td (, any such loss of funds could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (result in lower loan originations and growth, which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 390.56 118.10 Td (fect our results of operations and financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (condition, including liquidity) Tj ET Q q 0 0 0 rg BT 166.29 106.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 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 58.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 58.10 Td (e expect to drive or) Tj ET Q q 0 0 0 rg BT 135.64 58.10 Td (ganic growth by employing our Concier) Tj ET Q q 0 0 0 rg BT 295.71 58.10 Td (ge Banking strategy) Tj ET Q q 0 0 0 rg BT 382.64 58.10 Td (, which provides specific relationship ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (managers or private bankers for all customers. Many of our competitors provide similar services and others may replicate our ) Tj ET Q endstream endobj 63 0 obj <>] /Rotate 0 /Contents 64 0 R>> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (model. Our competitors may have greater resources than we do and may be able to provide similar services more quickly) Tj ET Q q 0 0 0 rg BT 534.19 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 730.10 Td (ficiently and extensively) Tj ET Q q 0 0 0 rg BT 155.24 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 160.06 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 165.47 730.10 Td (o the extent others replicate our model, we could lose what we view as a competitive advantage, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (and our financial condition and results of operations may be adversely af) Tj ET Q q 0 0 0 rg BT 341.11 718.10 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Competitors) Tj ET Q q 0 0 0 rg BT 102.59 694.10 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 542.93 694.10 Td (fect ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 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 50.00 658.10 Td (Our or) Tj ET Q q 0 0 0 rg BT 76.20 658.10 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 50.00 646.10 Td (includes remote account opening, remote deposit capture and mobile banking. ) Tj ET Q q 0 0 0 rg BT 364.72 646.10 Td (These technological advances, such as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (BankMobile, are intended to allow the Bank to generate additional core deposits at a lower cost than generating deposits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (through opening and operating branch locations. Some of our competitors may have greater resources to invest in technology ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (and may be better equipped to market new technology-driven products and services. ) Tj ET Q q 0 0 0 rg BT 389.43 610.10 Td (This may result in limiting, reducing or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (otherwise adversely af) Tj ET Q q 0 0 0 rg BT 139.78 598.10 Td (fecting our growth strategy in this area and our access to deposits through mobile banking. In addition, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (the extent we fail to keep pace with technological changes, or incur respectively lar) Tj ET Q q 0 0 0 rg BT 383.01 586.10 Td (ge expenses to implement technological ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (changes, our business, financial condition and results of operations may be adversely af) Tj ET Q q 0 0 0 rg BT 400.27 574.10 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 550.10 Td (e may suf) Tj ET Q q 0 0 0 rg BT 97.41 550.10 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 50.00 526.10 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 50.00 514.10 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 50.00 502.10 Td (we invest, and may suf) Tj ET Q q 0 0 0 rg BT 141.74 502.10 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 50.00 490.10 Td (of distance, language barriers and potential lack of information \(for example, foreign institutions, including foreign financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (institutions, may not be obligated to provide as much information regarding their operations as those in the United States\). Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (investment in Religare Enterprises Limited \(or Religare\), which is a diversified financial services company in India, represents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (such an investment. ) Tj ET Q q 0 0 0 rg BT 131.47 454.10 Td (There is no assurance of Religare) Tj ET Q q 0 0 0 rg BT 267.80 454.10 Td (s ability to operate at a level of profitability suf) Tj ET Q q 0 0 0 rg BT 456.18 454.10 Td (ficient to support our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (investment. ) Tj ET Q q 0 0 0 rg BT 98.70 442.10 Td (These and other factors may result in lower) Tj ET Q q 0 0 0 rg BT 272.05 442.10 Td (-than-expected returns, or a loss, on our investment in Religare. ) Tj ET Q q 0 0 0 rg BT 528.74 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 537.38 442.10 Td (e do ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (not expect to receive any dividends on our investment in Religare securities. In addition, our investment in Religare may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (have the market liquidity needed to realize a gain or avoid losses on our investment and any dispositions of our Religare ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (common stock may be limited or delayed by market conditions or the need for regulatory or other approvals in India, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (value of our investment will be subject to fluctuations in the currency exchange rates between the Indian rupee and the United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (States dollar) Tj ET Q q 0 0 0 rg BT 99.16 382.10 Td (. On December31, 2013, we announced that our investment in Religare would be capped at $23.0 million \(4.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (million common shares\). ) Tj ET Q q 0 0 0 rg BT 152.03 370.10 Td (W) Tj ET Q q 0 0 0 rg BT 160.66 370.10 Td (e had the ability to purchase warrants to acquire up to an additional $28.0 million of Religare stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (but decided not to acquire the warrants or otherwise increase our holdings of Religare stock. Our current holdings represent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (approximately 2.3% of current outstanding Religare shares.) Tj ET Q BT /F3 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 58.15 322.10 Td (e will be required to hold capital for United States bank regulatory purposes to support our investment in Religare ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Under the newly adopted U.S. capital adequacy rules, which became ef) Tj ET Q q 0 0 0 rg BT 334.99 286.10 Td (fective as of January1, 2015, we have to hold risk based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (capital based on the amount of Religare common stock we own. Based upon the implementation of the final U.S. capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (adequacy rules, these investments are potentially subject to risk weighting of 300% of the amount of the investment; however) Tj ET Q q 0 0 0 rg BT 552.52 262.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (to the extent future aggregated carrying value of certain equity exposures exceed 10% of the Bancorp's then total capital, risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (weightings of 300% may apply) Tj ET Q q 0 0 0 rg BT 174.33 238.10 Td (. ) Tj ET Q q 0 0 0 rg BT 178.78 238.10 Td (Any capital that is required to be used to support our Religare investment will not be available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (to support our United States operations or Customers Bank, if needed.) Tj ET Q endstream endobj 65 0 obj <>] /Rotate 0 /Contents 66 0 R>> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Risks Relating to the Regulation of Our) Tj ET Q q 0 0 0 rg BT 218.71 742.25 Td ( Industry) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (The implementation of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 215.66 724.25 Td (W) Tj ET Q q 0 0 0 rg BT 223.81 724.25 Td (all Street Reform and Consumer Protection ) Tj ET Q q 0 0 0 rg BT 405.12 724.25 Td (Act of 2010 may have a material ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (adverse ef) Tj ET Q q 0 0 0 rg BT 91.19 712.25 Td (fect on our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (On July21, 2010, President Obama signed into law the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 324.51 688.25 Td (W) Tj ET Q q 0 0 0 rg BT 333.14 688.25 Td (all Street Reform and Consumer Protection ) Tj ET Q q 0 0 0 rg BT 508.11 688.25 Td (Act of 2010 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (\(which we refer to as the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 206.89 676.25 Td (Act\), which imposes significant regulatory and compliance changes. ) Tj ET Q q 0 0 0 rg BT 487.17 676.25 Td (The key ef) Tj ET Q q 0 0 0 rg BT 529.75 676.25 Td (fects of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 115.55 664.25 Td (Act on our business are:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 657.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 645.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 645.05 Td (changes to regulatory capital requirements;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 627.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 627.05 Td (exclusion of hybrid securities, including trust preferred securities, issued on or after May19, 2010 from tier 1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 615.05 Td (capital;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 597.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 597.05 Td (creation of new government regulatory agencies \(such as the Financial Stability Oversight Council, which will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 585.05 Td (oversee systemic risk, and the Consumer Financial Protection Bureau, which will develop and enforce rules for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 573.05 Td (bank and non-bank providers of consumer financial products\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 555.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 555.05 Td (potential limitations on federal preemption;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 537.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 537.05 Td (changes to deposit insurance assessments;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 519.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 519.05 Td (regulation of debit interchange fees we earn;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 501.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 501.05 Td (changes in retail banking regulations, including potential limitations on certain fees we may char) Tj ET Q q 0 0 0 rg BT 492.97 501.05 Td (ge; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.05 483.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.05 483.05 Td (changes in regulation of consumer mortgage loan origination and risk retention.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 459.05 Td (In addition, the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 164.15 459.05 Td (Act restricts the ability of banks to engage in certain proprietary trading or to sponsor or invest in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.05 Td (private equity or hedge funds. ) Tj ET Q q 0 0 0 rg BT 172.01 447.05 Td (The Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 240.88 447.05 Td (Act also contains provisions designed to limit the ability of insured depository ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.05 Td (institutions, their holding companies and their af) Tj ET Q q 0 0 0 rg BT 243.95 435.05 Td (filiates to conduct certain swaps and derivatives activities and to take certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.05 Td (principal positions in financial instruments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 399.05 Td (Some provisions of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 195.83 399.05 Td (Act became ef) Tj ET Q q 0 0 0 rg BT 253.38 399.05 Td (fective immediately upon its enactment. Many provisions, however) Tj ET Q q 0 0 0 rg BT 522.64 399.05 Td (, still ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.05 Td (require regulations to be promulgated by various federal agencies in order to be implemented, some of which have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.05 Td (proposed by the applicable federal agencies. ) Tj ET Q q 0 0 0 rg BT 229.46 375.05 Td (The provisions of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 368.06 375.05 Td (Act may have unintended ef) Tj ET Q q 0 0 0 rg BT 480.61 375.05 Td (fects, which will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.05 Td (not be clear until implementation. ) Tj ET Q q 0 0 0 rg BT 187.56 363.05 Td (The changes resulting from the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 365.29 363.05 Td (Act could limit our business activities, require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.05 Td (changes to certain of our business practices, impose upon us more stringent capital, liquidity and leverage requirements or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.05 Td (otherwise materially and adversely af) Tj ET Q q 0 0 0 rg BT 199.76 339.05 Td (fect us. ) Tj ET Q q 0 0 0 rg BT 230.95 339.05 Td (These changes may also require us to invest significant management attention and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.05 Td (resources to evaluate and make any changes necessary to comply with new statutory and regulatory requirements. Failure to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.05 Td (comply with the new requirements could also materially and adversely af) Tj ET Q q 0 0 0 rg BT 343.06 315.05 Td (fect us. ) Tj ET Q q 0 0 0 rg BT 373.88 315.05 Td (Any changes in the laws or regulations or their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.05 Td (interpretations could be materially adverse to investors in our ) Tj ET Q q 0 0 0 rg BT 297.80 303.05 Td (V) Tj ET Q q 0 0 0 rg BT 303.74 303.05 Td (oting Common Stock. For a more detailed description of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.05 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 100.83 291.05 Td (Act, see Supervision and Regulation Changes in Laws, Regulations or Policies and the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 512.71 291.05 Td (Act.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 267.05 Td (New regulations could adversely impact our earnings due to, among other things, increased compliance costs or costs due to ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 255.05 Td (noncompliance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.05 Td (The Consumer Financial Protection Bureau issued a rule, ef) Tj ET Q q 0 0 0 rg BT 288.92 231.05 Td (fective as of January14, 2014, designed to clarify for lenders how ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 219.05 Td (they can avoid monetary damages under the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 279.38 219.05 Td (Act, which would hold lenders accountable for ensuring a borrower) Tj ET Q q 0 0 0 rg BT 550.21 219.05 Td () Tj ET Q q 0 0 0 rg BT 552.99 219.05 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 207.05 Td (ability to repay a mortgage. Loans that satisfy this qualified mortgage safe-harbor will be presumed to have complied with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.05 Td (the new ability-to-repay standard. Under the Consumer Financial Protection Bureau) Tj ET Q q 0 0 0 rg BT 388.24 195.05 Td (s rule, a qualified mortgage loan must ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.05 Td (not contain certain specified features, including but not limited to: \(i\)excessive upfront points and fees \(those exceeding 3% of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.05 Td (the total loan amount, less bona fide discount points for prime loans\); \(ii\)interest-only payments; \(iii\)negative-amortization; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.05 Td (and \(iv\)terms longer than 30 years. ) Tj ET Q q 0 0 0 rg BT 194.40 159.05 Td (Also, to qualify as a qualified mortgage, a borrower) Tj ET Q q 0 0 0 rg BT 410.81 159.05 Td () Tj ET Q q 0 0 0 rg BT 413.59 159.05 Td (s total monthly debt service-to-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.05 Td (income ratio may not exceed 43%. Lenders must also verify and document the income and financial resources relied upon to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.05 Td (qualify the borrower for the loan and underwrite the loan based on a fully amortizing payment schedule and maximum interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.05 Td (rate during the first five years, taking into account all applicable taxes, insurance and assessments. ) Tj ET Q q 0 0 0 rg BT 445.24 123.05 Td (The Consumer Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.05 Td (Protection Bureau) Tj ET Q q 0 0 0 rg BT 125.26 111.05 Td (s rule on qualified mortgages could limit our ability or desire to make certain types of loans or loans to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.05 Td (certain borrowers, or could make it more expensive and/or time consuming to make these loans, which could adversely impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.05 Td (our growth or profitability) Tj ET Q q 0 0 0 rg BT 154.61 87.05 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.05 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.90 63.05 Td (, on December10, 2013, five financial regulatory agencies, including our primary federal regulator) Tj ET Q q 0 0 0 rg BT 495.74 63.05 Td (, the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 51.05 Td (Reserve, adopted final rules \(the Final Rules\) implementing the so-called ) Tj ET Q q 0 0 0 rg BT 353.89 51.05 Td (V) Tj ET Q q 0 0 0 rg BT 359.82 51.05 Td (olcker Rule embodied in Section13 of the Bank ) Tj ET Q endstream endobj 67 0 obj <>] /Rotate 0 /Contents 68 0 R>> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (Holding Company ) Tj ET Q q 0 0 0 rg BT 126.11 742.10 Td (Act, which was added by Section619 of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 355.79 742.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 375.05 742.10 Td (The Final Rules prohibit banking entities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (from, among other things, \(1\)engaging in short-term proprietary trading for their own accounts, and \(2\)having certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (ownership interests in and relationships with hedge funds or private equity funds \(covered funds\). ) Tj ET Q q 0 0 0 rg BT 452.22 718.10 Td (The Final Rules are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (intended to provide greater clarity with respect to both the extent of those primary prohibitions and of the related exemptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (and exclusions. ) Tj ET Q q 0 0 0 rg BT 113.97 694.10 Td (The Final Rules also require each regulated entity to establish an internal compliance program that is consistent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (with the extent to which it engages in activities covered by the ) Tj ET Q q 0 0 0 rg BT 301.97 682.10 Td (V) Tj ET Q q 0 0 0 rg BT 307.90 682.10 Td (olcker Rule, which must include \(for the lar) Tj ET Q q 0 0 0 rg BT 482.67 682.10 Td (gest entities\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (making regular reports about those activities to regulators. Community banks, such as Customers, have been af) Tj ET Q q 0 0 0 rg BT 494.16 670.10 Td (forded some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (relief under the Final Rules. If such banks are engaged only in exempted proprietary trading, such as trading in U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (government, agency) Tj ET Q q 0 0 0 rg BT 130.43 646.10 Td (, state and municipal obligations, they are exempt entirely from compliance program requirements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 89.03 634.10 Td (, even if a community bank engages in proprietary trading or covered fund activities under the rule, they need only ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (incorporate references to the ) Tj ET Q q 0 0 0 rg BT 166.42 622.10 Td (V) Tj ET Q q 0 0 0 rg BT 172.35 622.10 Td (olcker Rule into their existing policies and procedures. ) Tj ET Q q 0 0 0 rg BT 393.50 622.10 Td (The Final Rules were ef) Tj ET Q q 0 0 0 rg BT 489.40 622.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 518.55 622.10 Td (April1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (2014, but the conformance period has been extended from its statutory end date of July21, 2014 until July21, 2016, and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Federal Reserve has announced its intention to further extend the conformance period until July 21, 2017. Management is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (currently evaluating the Final Rules, which are lengthy and detailed.) Tj ET Q BT /F3 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 58.15 562.10 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 50.00 550.10 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 50.00 538.10 Td (could materially and adversely af) Tj ET Q q 0 0 0 rg BT 186.46 538.10 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 514.10 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 50.00 502.10 Td (protect customers, depositors and the FDIC) Tj ET Q q 0 0 0 rg BT 226.64 502.10 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 50.00 490.10 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 50.00 478.10 Td (the dividends or distributions that we can pay) Tj ET Q q 0 0 0 rg BT 231.26 478.10 Td (, restrict the ability of our subsidiary bank to engage in transactions with the the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 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 50.00 454.10 Td (earlier char) Tj ET Q q 0 0 0 rg BT 95.06 454.10 Td (ges to earnings or reductions in our capital than GAAP) Tj ET Q q 0 0 0 rg BT 313.62 454.10 Td (. Compliance with laws and regulations can be dif) Tj ET Q q 0 0 0 rg BT 513.67 454.10 Td (ficult and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (costly) Tj ET Q q 0 0 0 rg BT 73.24 442.10 Td (, and changes to laws and regulations often impose additional compliance costs, and may make certain products ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (impermissible or uneconomic. Our failure to comply with these laws and regulations, even if the failure follows good faith ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 418.10 Td (fort or reflects a dif) Tj ET Q q 0 0 0 rg BT 135.15 418.10 Td (ference in interpretation, could subject us to restrictions on our business activities, reputational harm, fines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (and other penalties, any of which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 318.33 406.10 Td (fect us. Further) Tj ET Q q 0 0 0 rg BT 378.75 406.10 Td (, any new laws, rules and regulations could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (make compliance more dif) Tj ET Q q 0 0 0 rg BT 156.72 394.10 Td (ficult or expensive and also materially and adversely af) Tj ET Q q 0 0 0 rg BT 377.56 394.10 Td (fect us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 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 50.00 346.10 Td (requirements and attention.) 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 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 50.00 310.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 81.47 310.10 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 50.00 298.10 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 50.00 286.10 Td (our third party vendors and other ongoing third party business relationships. In certain cases we may be required to renegotiate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (our agreements with these vendors to meet these enhanced requirements, which could increase our costs. ) Tj ET Q q 0 0 0 rg BT 471.62 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 480.26 274.10 Td (e expect that our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (regulators will hold us responsible for deficiencies in our oversight and control of our third party relationships and in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (performance of the parties with which we have these relationships. ) Tj ET Q q 0 0 0 rg BT 319.08 250.10 Td (As a result, if our regulators conclude that we have not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (exercised adequate oversight and control over our third party vendors or other ongoing third party business relationships or that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (such third parties have not performed appropriately) Tj ET Q q 0 0 0 rg BT 254.83 226.10 Td (, we could be subject to enforcement actions, including civil money ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (penalties or other administrative or judicial penalties or fines as well as requirements for customer remediation, any of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 178.92 202.10 Td (fect our business, financial condition or results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 178.10 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 50.00 166.10 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 50.00 154.10 Td (adequately address any matters identified during our examinations could materially and adversely af) Tj ET Q q 0 0 0 rg BT 464.26 154.10 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 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 50.00 118.10 Td (applicable laws, regulations and policies applicable to the Bancorp and the Bank. Examination reports and ratings \(which often ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (are not publicly available\) and other aspects of this supervisory framework can materially impact the conduct, or) Tj ET Q q 0 0 0 rg BT 500.49 106.10 Td (ganic and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (acquisition growth, and profitability of our business. Our regulators have extensive discretion in their supervisory and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (enforcement activities and may impose a variety of remedial actions, conditions or limitations on our business operations if, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (a result of an examination, they determined that our financial condition, capital resources, asset quality) Tj ET Q q 0 0 0 rg BT 460.60 70.10 Td (, earnings prospects, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (management, liquidity or other aspects of any of our operations had become unsatisfactory) Tj ET Q q 0 0 0 rg BT 412.29 58.10 Td (, or that the Bancorp or its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (management was in violation of any law) Tj ET Q q 0 0 0 rg BT 211.53 46.10 Td (, regulation or policy) Tj ET Q q 0 0 0 rg BT 294.75 46.10 Td (. Examples of those actions, conditions or limitations include ) Tj ET Q endstream endobj 69 0 obj <>] /Rotate 0 /Contents 70 0 R>> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (enjoining unsafe or unsound practices, requiring af) Tj ET Q q 0 0 0 rg BT 262.25 742.10 Td (firmative actions to correct any conditions resulting from any asserted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (violation of law) Tj ET Q q 0 0 0 rg BT 112.67 730.10 Td (, issuing administrative orders that can be judicially enforced, directing increases in our capital, assessing civil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (monetary penalties against our of) Tj ET Q q 0 0 0 rg BT 183.11 718.10 Td (ficers or directors, removing of) Tj ET Q q 0 0 0 rg BT 307.61 718.10 Td (ficers and directors and, if a conclusion was reached that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 706.10 Td (fending conditions cannot be corrected or there is an imminent risk of loss to depositors, terminating our deposit insurance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Other actions, formal or informal, that may be imposed could restrict our growth, including regulatory denials to expand ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (branches, relocate, add subsidiaries and af) Tj ET Q q 0 0 0 rg BT 218.36 682.10 Td (filiates, expand into new financial activities or mer) Tj ET Q q 0 0 0 rg BT 421.44 682.10 Td (ge with or purchase other financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 99.27 670.10 Td (The timing of these examinations, including the timing of the resolution of any issues identified by our regulators ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (in the examinations and the final determination by them with respect to the imposition of any remedial actions, conditions or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (limitations on our business operations, is generally not within our control. ) Tj ET Q q 0 0 0 rg BT 347.84 646.10 Td (W) Tj ET Q q 0 0 0 rg BT 356.47 646.10 Td (e also could suf) Tj ET Q q 0 0 0 rg BT 418.78 646.10 Td (fer reputational harm in the event ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (of any perceived or actual noncompliance with certain laws and regulations. If we become subject to such regulatory actions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (we could be materially and adversely af) Tj ET Q q 0 0 0 rg BT 209.19 622.10 Td (fected.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 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 50.00 574.10 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 50.00 550.10 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 50.00 538.10 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 50.00 526.10 Td (services industry generally) Tj ET Q q 0 0 0 rg BT 156.54 526.10 Td (. ) Tj ET Q q 0 0 0 rg BT 161.36 526.10 Td (This focus has only intensified since the recent financial crisis, with regulators and prosecutors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (focusing on a variety of financial institution practices and requirements. ) Tj ET Q q 0 0 0 rg BT 340.00 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 348.64 514.10 Td (e may) Tj ET Q q 0 0 0 rg BT 372.15 514.10 Td (, from time to time, be the subject of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 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 50.00 490.10 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 50.00 478.10 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 50.00 466.10 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 50.00 454.10 Td (determined in our favor) Tj ET Q q 0 0 0 rg BT 144.29 454.10 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 50.00 442.10 Td (operation of our business. Further) Tj ET Q q 0 0 0 rg BT 184.85 442.10 Td (, any settlement, consent order or adverse judgment in connection with any formal or informal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (proceeding or investigation by government agencies may result in litigation, investigations or proceedings as other litigants and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (government agencies begin independent reviews of the same activities. ) Tj ET Q q 0 0 0 rg BT 336.02 418.10 Td (As a result, the outcome of legal and regulatory actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (could be material to our business, results of operations, financial condition and cash flows depending on, among other factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (the level of our earnings for that period, and could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 357.74 394.10 Td (fect on our business, financial condition or results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (The FDIC) Tj ET Q q 0 0 0 rg BT 95.65 358.10 Td (s restoration plan and the related increased assessment rate could materially and adversely af) Tj ET Q q 0 0 0 rg BT 479.63 358.10 Td (fect us.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (The FDIC insures deposits at FDIC-insured depository institutions up to applicable limits. ) Tj ET Q q 0 0 0 rg BT 412.85 334.10 Td (The amount of a particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (institution) Tj ET Q q 0 0 0 rg BT 93.34 322.10 Td (s deposit insurance assessment is based on that institution) Tj ET Q q 0 0 0 rg BT 326.65 322.10 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 50.00 310.10 Td (system. ) Tj ET Q q 0 0 0 rg BT 82.23 310.10 Td (An institution) Tj ET Q q 0 0 0 rg BT 140.29 310.10 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 50.00 298.10 Td (institution poses to its regulators. Market developments have significantly depleted the DIF of the FDIC and reduced the ratio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (of reserves to insured deposits. ) Tj ET Q q 0 0 0 rg BT 175.53 286.10 Td (As a result of recent economic conditions and the enactment of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 495.71 286.10 Td (Act, the FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (has increased the deposit insurance assessment rates and thus raised deposit insurance premiums for insured depository ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (institutions. If these increases are insuf) Tj ET Q q 0 0 0 rg BT 205.33 262.10 Td (ficient for the DIF to meet its funding requirements, there may need to be further special ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (assessments or increases in deposit insurance premiums. ) Tj ET Q q 0 0 0 rg BT 278.10 250.10 Td (W) Tj ET Q q 0 0 0 rg BT 286.74 250.10 Td (e are generally unable to control the amount of premiums that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (are required to pay for FDIC insurance. If there are additional bank or financial institution failures, we may be required to pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (even higher FDIC premiums than the recently increased levels. ) Tj ET Q q 0 0 0 rg BT 304.37 226.10 Td (Any future additional assessments, increases or required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (prepayments in FDIC insurance premiums may materially and adversely af) Tj ET Q q 0 0 0 rg BT 350.56 214.10 Td (fect us, including by reducing our profitability or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (limiting our ability to pursue certain business opportunities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (The Federal Reserve may require us to commit capital resources to support our subsidiary banks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (As a matter of policy) Tj ET Q q 0 0 0 rg BT 133.77 154.10 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 50.00 142.10 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 50.00 130.10 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 50.00 118.10 Td (into a troubled subsidiary bank and may char) Tj ET Q q 0 0 0 rg BT 230.05 118.10 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 50.00 106.10 Td (failure to commit resources to such a subsidiary bank. In addition, the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 382.43 106.10 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 94.10 Td (require that all companies that directly or indirectly control an insured depository institution serve as a source of strength for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 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 70.10 Td (subsidiary banks we may own in the future should they experience financial distress.) Tj ET Q endstream endobj 71 0 obj <>] /Rotate 0 /Contents 72 0 R>> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 50.00 742.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 742.10 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 50.00 730.10 Td (to borrow the funds or raise additional equity capital from third parties. ) Tj ET Q q 0 0 0 rg BT 336.87 730.10 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 50.00 718.10 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 50.00 706.10 Td (holding company) Tj ET Q q 0 0 0 rg BT 122.49 706.10 Td (s bankruptcy) Tj ET Q q 0 0 0 rg BT 173.22 706.10 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 50.00 694.10 Td (regulatory agency to maintain the capital of a subsidiary bank. Moreover) Tj ET Q q 0 0 0 rg BT 340.89 694.10 Td (, bankruptcy law provides that claims based on any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 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 445.46 682.10 Td (s general unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (creditors, including the holders of its indebtedness. ) Tj ET Q q 0 0 0 rg BT 255.80 670.10 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 50.00 658.10 Td (the required capital injection may be dif) Tj ET Q q 0 0 0 rg BT 209.76 658.10 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 50.00 646.10 Td (would have a material adverse ef) Tj ET Q q 0 0 0 rg BT 181.70 646.10 Td (fect on us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (The short-term and long-term impact of the new regulatory capital standards and the forthcoming new capital rules on U.S. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (banks is uncertain.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (On September12, 2010, 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 50.00 574.10 Td (requirements for internationally active banking or) Tj ET Q q 0 0 0 rg BT 248.92 574.10 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 50.00 562.10 Td (Basel III narrows the definition of capital, introduces requirements for minimum ) Tj ET Q q 0 0 0 rg BT 374.73 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 380.48 562.10 Td (ier 1 common capital, increases requirements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (for minimum ) Tj ET Q q 0 0 0 rg BT 105.37 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 111.13 550.10 Td (ier 1 capital and total risk-based capital, and changes risk-weighting methodologies. Basel III is scheduled to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (phased in over time until fully phased in by January1, 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (On July2, 2013, the Federal Reserve adopted a final rule regarding new capital requirements pursuant to Basel III. ) Tj ET Q q 0 0 0 rg BT 511.34 514.10 Td (These rules, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (which became ef) Tj ET Q q 0 0 0 rg BT 117.56 502.10 Td (fective on January1, 2015 for community banks, increase the required amount of regulatory capital that we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 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 50.00 478.10 Td (Bank and other elective distributions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (V) Tj ET Q q 0 0 0 rg BT 56.11 454.10 Td (arious provisions of the Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 203.60 454.10 Td (Act increase the capital requirements of bank holding companies, such as Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Bancorp, and non-bank financial companies that are supervised by the Federal Reserve. ) Tj ET Q q 0 0 0 rg BT 403.03 442.10 Td (The leverage and risk-based capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (ratios of these 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 537.47 430.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Basel III changes and other regulatory capital requirements will likely result in generally higher regulatory capital standards for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (the Bank and the Bancorp.) Tj ET Q BT /F3 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 58.15 382.10 Td (e face a risk of noncompliance and enforcement action with the Bank Secrecy ) Tj ET Q q 0 0 0 rg BT 381.37 382.10 Td (Act and other anti-money laundering ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (statutes and regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (The federal Bank Secrecy ) Tj ET Q q 0 0 0 rg BT 155.50 346.10 Td (Act, the Uniting and Strengthening ) Tj ET Q q 0 0 0 rg BT 297.71 346.10 Td (America by Providing ) Tj ET Q q 0 0 0 rg BT 388.53 346.10 Td (Appropriate ) Tj ET Q q 0 0 0 rg BT 439.16 346.10 Td (T) Tj ET Q q 0 0 0 rg BT 444.57 346.10 Td (ools Required to Intercept ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (and Obstruct ) Tj ET Q q 0 0 0 rg BT 103.70 334.10 Td (T) Tj ET Q q 0 0 0 rg BT 109.11 334.10 Td (errorism ) Tj ET Q q 0 0 0 rg BT 144.93 334.10 Td (Act of 2001 \(the P) Tj ET Q q 0 0 0 rg BT 222.33 334.10 Td (A) Tj ET Q q 0 0 0 rg BT 228.44 334.10 Td (TRIOT) Tj ET Q q 0 0 0 rg BT 257.70 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.65 334.10 Td (Act\) and other laws and regulations require financial institutions, among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (other duties, to institute and maintain an ef) Tj ET Q q 0 0 0 rg BT 220.89 322.10 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 50.00 310.10 Td (transaction reports as appropriate. ) Tj ET Q q 0 0 0 rg BT 187.82 310.10 Td (The federal Financial Crimes Enforcement Network, established by the U.S. ) Tj ET Q q 0 0 0 rg BT 495.61 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 501.36 310.10 Td (reasury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Department to administer the Bank Secrecy ) Tj ET Q q 0 0 0 rg BT 226.61 298.10 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 50.00 286.10 Td (those requirements, and has recently engaged in coordinated enforcement ef) Tj ET Q q 0 0 0 rg BT 354.14 286.10 Td (forts with the individual federal banking regulators, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (as well as the U.S. Department of Justice, Drug Enforcement ) Tj ET Q q 0 0 0 rg BT 295.77 274.10 Td (Administration, and Internal Revenue Service. ) Tj ET Q q 0 0 0 rg BT 484.14 274.10 Td (There is also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (increased scrutiny of compliance with the rules enforced by the Of) Tj ET Q q 0 0 0 rg BT 316.39 262.10 Td (fice of Foreign ) Tj ET Q q 0 0 0 rg BT 377.76 262.10 Td (Assets Control \(the OF) Tj ET Q q 0 0 0 rg BT 473.96 262.10 Td (AC\). If our policies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 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 50.00 238.10 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 412.54 238.10 Td (, including fines and regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (actions \(such as restrictions on our ability to pay dividends and the necessity to obtain regulatory approvals to proceed with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (certain aspects of our business plan, including our acquisition plans\), which could materially and adversely af) Tj ET Q q 0 0 0 rg BT 488.31 214.10 Td (fect us. Failure to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 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 50.00 190.10 Td (reputational consequences for us.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 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 50.00 154.10 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 50.00 130.10 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 549.69 130.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (These laws prohibit practices such as steering borrowers away from more af) Tj ET Q q 0 0 0 rg BT 354.43 118.10 Td (fordable products, selling unnecessary insurance to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 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 94.10 Td (repay the loans irrespective of the value of the underlying property) Tj ET Q q 0 0 0 rg BT 316.47 94.10 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 82.10 Td (create the potential for liability with respect to our lending and loan investment activities. ) Tj ET Q q 0 0 0 rg BT 409.99 82.10 Td (They increase our cost of doing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (business and, ultimately) Tj ET Q q 0 0 0 rg BT 145.73 70.10 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 58.10 Td (points and fees on loans that we do make.) Tj ET Q endstream endobj 73 0 obj <>] /Rotate 0 /Contents 74 0 R>> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (35) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Loans that we make through certain federal programs are dependent on the federal government) Tj ET Q q 0 0 0 rg BT 447.31 742.25 Td (s continuation and support ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (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 320.86 730.25 Td (.) 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 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 50.00 694.25 Td (Administration. ) Tj ET Q q 0 0 0 rg BT 115.37 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 124.01 694.25 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 50.00 682.25 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 50.00 670.25 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 50.00 658.25 Td (guarantee, exposing us to credit risk we would not otherwise be exposed to or underwritten as part of our origination process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (for U.S. government agency guaranteed loans, or result in our inability to continue originating loans under such programs. ) Tj ET Q q 0 0 0 rg BT 541.37 646.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (loss of any guarantees for loans we have extended under U.S. government agency guarantee programs or the loss of our ability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (to participate in such programs could have a material adverse ef) Tj ET Q q 0 0 0 rg BT 305.27 622.25 Td (fect on our business, financial condition or results of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (Reviews performed by the Internal Revenue Service and State T) Tj ET Q q 0 0 0 rg BT 311.55 586.25 Td (axing ) Tj ET Q q 0 0 0 rg BT 337.02 586.25 Td (Authorities for the fiscal years that remain open for ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 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 541.21 574.25 Td (fect ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (our results of operations. ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 50.00 552.05 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 540.05 Td (The Bancorp and its subsidiaries are subject to U.S. federal income tax as well as income tax of various states primarily in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 528.05 Td (mid-Atlantic region of the United States.) Tj ET Q q 0 0 0 rg BT 215.42 528.05 Td (Y) Tj ET Q q 0 0 0 rg BT 221.65 528.05 Td (ears that remain open for potential review by \(1\)the Internal Revenue Service are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 516.05 Td (2012 through 2014, and \(2\)state taxing authorities are 2010 through 2014.) Tj ET Q q 0 0 0 rg BT 350.87 516.05 Td (The results of these reviews could result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.05 Td (increased recognition of income 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 50.00 480.05 Td (Our financial results may be adversely af) Tj ET Q q 0 0 0 rg BT 219.25 480.05 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 50.00 456.05 Td (The U.S. Congress and the ) Tj ET Q q 0 0 0 rg BT 159.16 456.05 Td (Administration have indicated an interest in reforming the U.S. corporate income tax code. Possible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.05 Td (approaches include lowering the 35 percent corporate tax rate, modifying the taxation of income earned outside the U.S. and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.05 Td (limiting or eliminating various other deductions, tax credits and/or other tax preferences. ) Tj ET Q q 0 0 0 rg BT 406.56 432.05 Td (Also, the Governor of New ) Tj ET Q q 0 0 0 rg BT 517.83 432.05 Td (Y) Tj ET Q q 0 0 0 rg BT 524.05 432.05 Td (ork has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.05 Td (issued a proposal to reform the New ) Tj ET Q q 0 0 0 rg BT 197.09 420.05 Td (Y) Tj ET Q q 0 0 0 rg BT 203.31 420.05 Td (ork state corporate income tax. It is not possible at this time to quantify either the one-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.05 Td (time impacts from the remeasurement of deferred tax assets and liabilities that might result upon tax reform enactment or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.05 Td (ongoing impacts reform proposals might have on income tax expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 372.05 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.50 372.05 Td (The Federal Reserve and FDIC took regulatory enforcement action against one of our business partners, which has ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 360.05 Td (subjected us to regulatory inquiry and potential regulatory enforcement action, which may result in liabilities adversely ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 348.05 Td (af) Tj ET Q q 0 0 0 rg BT 58.15 348.05 Td (fecting our business, financial conditions and/or results of operations, or in reputational harm.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.05 Td (Since ) Tj ET Q q 0 0 0 rg BT 74.17 324.05 Td (August 2013, Customers Bank has provided deposit accounts and services to college students through a third party) Tj ET Q q 0 0 0 rg BT 532.60 324.05 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.05 Td (Higher One, Inc. \(Higher One\), which has relationships with colleges and universities in the United States, using Higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.05 Td (One) Tj ET Q q 0 0 0 rg BT 69.44 300.05 Td (s technological services. Because Higher One is not a bank, it must partner with one or more banks to provide deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.05 Td (accounts and services to students. Higher One and one of Higher One) Tj ET Q q 0 0 0 rg BT 331.03 288.05 Td (s former bank partners \(the predecessor bank\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.05 Td (announced in May 2014 that the Board of Governors of the Federal Reserve notified them that certain disclosures and operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.05 Td (processes of these entities may have violated certain laws and regulations and may result in penalties and restitution. In May ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.05 Td (2014, the Federal Reserve also informed Customers Bank, as one of Higher One) Tj ET Q q 0 0 0 rg BT 374.37 252.05 Td (s bank partners, that it was recommending a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.05 Td (regulatory enforcement action be initiated against Customers Bank based on the same allegations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 216.05 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 50.00 204.05 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 50.00 192.05 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 50.00 180.05 Td (unable to pay the restitution obligations, if any) Tj ET Q q 0 0 0 rg BT 235.98 180.05 Td (, imposed on Higher One \(back-up restitution\). Customers Bank believes that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 168.05 Td (the circumstances of its relationship with Higher One and the student customers are dif) Tj ET Q q 0 0 0 rg BT 397.78 168.05 Td (ferent than the relationship between the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.05 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 50.00 132.05 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 50.00 120.05 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 50.00 108.05 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 96.05 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 84.05 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 72.05 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 60.05 Td (obligation. ) Tj ET Q endstream endobj 75 0 obj <>] /Rotate 0 /Contents 76 0 R>> endobj 76 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Customers Bank believes that it identified key critical alleged compliance deficiencies within 30 days of first accepting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (deposits through its relationship with Higher One, and caused such deficiencies to be remediated within approximately 120 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (days. In addition, Customers Bank understands that the total amount of fees that Higher One collected from students who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (opened accounts at Customers Bank during the relevant time period is substantially less than the total fees that Higher One ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (collected from students who opened deposit accounts at the other partner banks during the relevant time period. In addition, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Higher One has agreed to pay the restitution, and has deposited such monies to pay the required restitution, Customers does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (expect that backup restitution will be required.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Nonetheless, the Federal Reserve or other regulatory agencies that supervise us may determine that Customers Bank has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (responsibility for the violations of certain laws and regulations in connection with its relationship with Higher One and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (student customers and may take regulatory action against Customers Bank that could include, among other things, entry into a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (consent order to cease and desist and civil money penalties. If any of the regulatory actions described herein were to occur) Tj ET Q q 0 0 0 rg BT 539.14 610.10 Td (, or if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (any other regulatory actions were to be taken against us, alone or in combination, such regulatory actions 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 our business or financial condition. ) Tj ET Q q 0 0 0 rg BT 230.70 586.10 Td (W) Tj ET Q q 0 0 0 rg BT 239.34 586.10 Td (e are currently in discussions with the Federal Reserve regarding these matters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (and at this time cannot predict the outcome of those discussions, including the amount of any civil money penalties or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (restitution that we might be required to pay) Tj ET Q q 0 0 0 rg BT 222.36 562.10 Td (. However) Tj ET Q q 0 0 0 rg BT 263.61 562.10 Td (, based on these discussions and information currently available to us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (regarding Higher One and the predecessor banks, we currently do not believe that any penalties or customer restitution for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (which we may ultimately be responsible would have a material adverse ef) Tj ET Q q 0 0 0 rg BT 345.55 538.10 Td (fect on our business or financial condition.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 514.10 Td (e will be subject to heightened regulatory requirements if we exceed $10 billion in assets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Based on our current total assets and growth strategy) Tj ET Q q 0 0 0 rg BT 260.96 490.10 Td (, we do not anticipate our bank) Tj ET Q q 0 0 0 rg BT 387.31 490.10 Td (s total assets to exceed $10 billion in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (near future, however) Tj ET Q q 0 0 0 rg BT 132.61 478.10 Td (, our bank) Tj ET Q q 0 0 0 rg BT 175.66 478.10 Td (s total assets ultimately could exceed that level. ) Tj ET Q q 0 0 0 rg BT 367.92 478.10 Td (The Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 436.80 478.10 Td (Act and its implementing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (regulations impose various additional requirements on bank holding companies with $10 billion or more in total assets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (including compliance with portions of the Federal Reserve) Tj ET Q q 0 0 0 rg BT 287.44 454.10 Td (s enhanced prudential oversight requirements and annual stress ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (testing requirements. In addition, banks with $10 billion or more in total assets are primarily examined by the Consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (Financial Protection Bureau \(CFPB\) with respect to various federal consumer financial protection laws and regulations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 87.68 418.10 Td (, our bank is subject to regulations adopted by the CFPB, but the Federal Reserve is primarily responsible for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (examining our bank) Tj ET Q q 0 0 0 rg BT 132.76 406.10 Td (s compliance with consumer protection laws and those CFPB regulations. ) Tj ET Q q 0 0 0 rg BT 429.66 406.10 Td (As a relatively new agency with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (evolving regulations and practices, there is uncertainty as to how the CFPB) Tj ET Q q 0 0 0 rg BT 353.82 394.10 Td (s examination and regulatory authority might ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (impact our business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 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 50.00 346.10 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 534.38 346.10 Td (fect on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 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 50.00 322.10 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 50.00 310.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 310.10 Td (fect our stock price or our ability to retain our customers or ef) Tj ET Q q 0 0 0 rg BT 304.55 310.10 Td (fectively compete for new business opportunities. ) Tj ET Q q 0 0 0 rg BT 505.70 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 511.11 310.10 Td (o ensure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (compliance with these heightened requirements when ef) Tj ET Q q 0 0 0 rg BT 274.74 298.10 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 50.00 286.10 Td (requirements or take actions to prepare for compliance even before our or our bank) Tj ET Q q 0 0 0 rg BT 385.14 286.10 Td (s total assets equal or exceed $10 billion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (As a result, we may incur compliance-related costs before we might otherwise be required, including if we do not continue to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (grow at the rate we expect or at all. Our regulators may also consider our preparation for compliance with these regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (requirements when examining our operations generally or considering any request for regulatory approval we may make, even) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (requests for approvals on unrelated matters.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (Risks Relating to Our) Tj ET Q q 0 0 0 rg BT 142.88 208.10 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 50 182.76699218750002 m 230.7568359375 182.76699218750002 l s q 0 0 0 rg BT 50.00 184.10 Td (Risks Relating to Our ) Tj ET Q q 0 0 0 rg BT 139.26 184.10 Td (V) Tj ET Q q 0 0 0 rg BT 145.20 184.10 Td (oting Common Stock) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (The trading volume in our common stock is less than that of other larger financial services companies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (Although the shares of our common stock are listed on the New ) Tj ET Q q 0 0 0 rg BT 307.35 142.10 Td (Y) Tj ET Q q 0 0 0 rg BT 313.57 142.10 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 50.00 130.10 Td (is less than that of other lar) Tj ET Q q 0 0 0 rg BT 158.13 130.10 Td (ger financial services companies. ) Tj ET Q q 0 0 0 rg BT 292.79 130.10 Td (A) Tj ET Q q 0 0 0 rg BT 299.46 130.10 Td ( public trading market having the desired characteristics of depth, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (liquidity and orderliness depends upon the presence in the marketplace of willing buyers and sellers of our ) Tj ET Q q 0 0 0 rg BT 478.31 118.10 Td (V) Tj ET Q q 0 0 0 rg BT 484.24 118.10 Td (oting Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (Stock at any given time, which presence will be dependent upon the individual decisions of investors, over which we have no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (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 410.39 94.10 Td (Y) Tj ET Q q 0 0 0 rg BT 416.61 94.10 Td (ork Stock Exchange, could have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (material adverse ef) Tj ET Q q 0 0 0 rg BT 125.88 82.10 Td (fect on the value of your shares, particularly if significant sales of our ) Tj ET Q q 0 0 0 rg BT 406.72 82.10 Td (V) Tj ET Q q 0 0 0 rg BT 412.65 82.10 Td (oting Common Stock, or the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (expectation of significant sales, were to occur) Tj ET Q q 0 0 0 rg BT 232.43 70.10 Td (.) Tj ET Q endstream endobj 77 0 obj <>] /Rotate 0 /Contents 78 0 R>> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (W) Tj ET Q q 0 0 0 rg BT 58.15 742.25 Td (e do not expect to pay cash dividends on our V) Tj ET Q q 0 0 0 rg BT 247.59 742.25 Td (oting Common Stock in the foreseeable future, and our ability to pay ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (dividends is subject to regulatory limitations.) 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 have not historically declared nor paid cash dividends on our ) Tj ET Q q 0 0 0 rg BT 311.44 706.25 Td (V) Tj ET Q q 0 0 0 rg BT 317.37 706.25 Td (oting Common Stock and we do not expect to do so in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (near future. ) Tj ET Q q 0 0 0 rg BT 98.03 694.25 Td (Any future determination relating to dividend policy will be made at the discretion of our board of directors and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (will 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 50.00 670.25 Td (economic and regulatory climate, ability to service any equity or debt obligations senior to the ) Tj ET Q q 0 0 0 rg BT 429.16 670.25 Td (V) Tj ET Q q 0 0 0 rg BT 435.09 670.25 Td (oting Common Stock, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (other factors deemed relevant by the board of directors. ) Tj ET Q q 0 0 0 rg BT 276.67 658.25 Td (W) Tj ET Q q 0 0 0 rg BT 285.31 658.25 Td (e must be current in the payment of dividends payable to holders of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (our Series C and Series D Preferred Stock before any dividends can be paid on our common stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (In addition, as a bank holding company) Tj ET Q q 0 0 0 rg BT 207.37 622.25 Td (, we are subject to general regulatory restrictions on the payment of cash dividends. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Federal bank regulatory agencies have the authority to prohibit bank holding companies from engaging in unsafe or unsound ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (practices in conducting their business, which depending on the financial condition and liquidity of the holding company at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (time, could include the payment of dividends. Further) Tj ET Q q 0 0 0 rg BT 264.83 586.25 Td (, various federal and state statutory provisions limit the amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (dividends that our bank subsidiaries can pay to us as its holding company without regulatory approval. See Market Price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (Common Stock and Dividends Dividends on ) Tj ET Q q 0 0 0 rg BT 238.98 562.25 Td (V) Tj ET Q q 0 0 0 rg BT 244.91 562.25 Td (oting 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 50.00 550.25 Td (ability to pay dividends.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 526.25 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 426.60 526.25 Td (fect the value or voting power of ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (the V) Tj ET Q q 0 0 0 rg BT 70.84 514.25 Td (oting Common Stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 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 50.00 478.25 Td (V) Tj ET Q q 0 0 0 rg BT 55.93 478.25 Td (oting Common Stock to decline significantly and make it more dif) Tj ET Q q 0 0 0 rg BT 321.26 478.25 Td (ficult for us to sell equity or equity-related securities in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (future at a time and on terms that we deem appropriate. ) Tj ET Q q 0 0 0 rg BT 273.62 466.25 Td (The issuance of any shares of our common stock in the future also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (would, and equity-related securities could, dilute the percentage ownership interest held by shareholders prior to such issuance. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (Actual issuances of our ) Tj ET Q q 0 0 0 rg BT 145.90 442.25 Td (V) Tj ET Q q 0 0 0 rg BT 151.84 442.25 Td (oting Common Stock could also significantly dilute the voting power of the ) Tj ET Q q 0 0 0 rg BT 456.62 442.25 Td (V) Tj ET Q q 0 0 0 rg BT 462.55 442.25 Td (oting Common Stock. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (2013, we issued 6,791,514 shares of ) Tj ET Q q 0 0 0 rg BT 197.30 430.25 Td (V) Tj ET Q q 0 0 0 rg BT 203.23 430.25 Td (oting Common Stock in a public of) Tj ET Q q 0 0 0 rg BT 344.16 430.25 Td (fering, as adjusted for a 2014 10% stock dividend.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 406.25 Td (e have also made grants of restricted stock units and stock options with respect to shares of ) Tj ET Q q 0 0 0 rg BT 424.75 406.25 Td (V) Tj ET Q q 0 0 0 rg BT 430.68 406.25 Td (oting Common Stock and Class ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (B Non-V) Tj ET Q q 0 0 0 rg BT 85.65 394.25 Td (oting Common Stock to our directors and certain employees. ) Tj ET Q q 0 0 0 rg BT 331.53 394.25 Td (W) Tj ET Q q 0 0 0 rg BT 340.17 394.25 Td (e may also issue further equity-based awards in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (future. ) Tj ET Q q 0 0 0 rg BT 78.33 382.25 Td (As such shares are issued upon vesting and as such options may be exercised and the underlying shares are or become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (freely tradeable, the value or voting power of our ) Tj ET Q q 0 0 0 rg BT 249.18 370.25 Td (V) Tj ET Q q 0 0 0 rg BT 255.12 370.25 Td (oting Common Stock may be adversely af) Tj ET Q q 0 0 0 rg BT 423.24 370.25 Td (fected and our ability to sell more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.25 Td (equity or equity-related securities could also be adversely af) Tj ET Q q 0 0 0 rg BT 290.28 358.25 Td (fected.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Except for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.42 334.25 Td (627,673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.92 334.25 Td ( warrants held by certain investors at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.60 334.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.18 334.25 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 50.00 322.25 Td (securities to existing holders of our ) Tj ET Q q 0 0 0 rg BT 193.13 322.25 Td (V) Tj ET Q q 0 0 0 rg BT 199.06 322.25 Td (oting Common Stock on a preemptive basis. ) Tj ET Q q 0 0 0 rg BT 378.86 322.25 Td (Therefore, additional common stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (issuances, directly or through convertible or exchangeable securities, warrants or options, will generally dilute the holdings of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (our existing holders of ) Tj ET Q q 0 0 0 rg BT 142.58 298.25 Td (V) Tj ET Q q 0 0 0 rg BT 148.52 298.25 Td (oting Common Stock and such issuances or the perception of such issuances may reduce the market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (price of our ) Tj ET Q q 0 0 0 rg BT 98.96 286.25 Td (V) Tj ET Q q 0 0 0 rg BT 104.90 286.25 Td (oting Common Stock. Our outstanding preferred stock has preference on distribution payments, periodically or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (upon liquidation, which could eliminate or otherwise limit our ability to make distributions to holders of our ) Tj ET Q q 0 0 0 rg BT 485.31 274.25 Td (V) Tj ET Q q 0 0 0 rg BT 491.24 274.25 Td (oting Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (Stock. Because our decision to issue debt or equity securities or incur other borrowings in the future will depend on market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (conditions and other factors beyond our control, the amount, timing, nature or success of our future capital raising ef) Tj ET Q q 0 0 0 rg BT 516.07 250.25 Td (forts is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (uncertain. ) Tj ET Q q 0 0 0 rg BT 92.02 238.25 Td (Thus, holders of our ) Tj ET Q q 0 0 0 rg BT 175.44 238.25 Td (V) Tj ET Q q 0 0 0 rg BT 181.37 238.25 Td (oting Common Stock bear the risk that our future issuances of debt or equity securities or our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (incurrence of other borrowings will negatively af) Tj ET Q q 0 0 0 rg BT 246.42 226.25 Td (fect the value of our ) Tj ET Q q 0 0 0 rg BT 329.25 226.25 Td (V) Tj ET Q q 0 0 0 rg BT 335.19 226.25 Td (oting Common Stock.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (Future issuances of debt securities, which would rank senior to our V) Tj ET Q q 0 0 0 rg BT 335.62 202.25 Td (oting Common Stock upon our liquidation, and future ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (issuances of equity securities, which would dilute the holdings of our existing holders of V) Tj ET Q q 0 0 0 rg BT 420.33 190.25 Td (oting Common Stock and may be ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (senior to our V) Tj ET Q q 0 0 0 rg BT 110.85 178.25 Td (oting Common Stock for the purposes of making distributions, periodically or upon liquidation, may ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (negatively af) Tj ET Q q 0 0 0 rg BT 102.30 166.25 Td (fect the market price of our V) Tj ET Q q 0 0 0 rg BT 222.84 166.25 Td (oting Common Stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 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 50.00 130.25 Td (securities and other loans and preferred stock will receive a distribution of our available assets before holders of our ) Tj ET Q q 0 0 0 rg BT 516.04 130.25 Td (V) Tj ET Q q 0 0 0 rg BT 521.98 130.25 Td (oting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (Common 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 461.91 118.25 Td (fect our liquidity) Tj ET Q q 0 0 0 rg BT 528.47 118.25 Td (, cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (flows and results of operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 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 70.25 Td (that would otherwise be in the best interests of our shareholders and could entrench management.) Tj ET Q endstream endobj 79 0 obj <>] /Rotate 0 /Contents 80 0 R>> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (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 50.00 730.10 Td (Bank Control ) Tj ET Q q 0 0 0 rg BT 106.11 730.10 Td (Act may delay) Tj ET Q q 0 0 0 rg BT 163.77 730.10 Td (, inhibit or prevent someone from gaining control of our business through a tender of) Tj ET Q q 0 0 0 rg BT 503.24 730.10 Td (fer) Tj ET Q q 0 0 0 rg BT 513.94 730.10 Td (, business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 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 50.00 706.10 Td (desirable. ) Tj ET Q q 0 0 0 rg BT 90.91 706.10 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 50.00 694.10 Td (business, mer) Tj ET Q q 0 0 0 rg BT 104.26 694.10 Td (ge with another financial institution, or sell our business to another financial institution. ) Tj ET Q q 0 0 0 rg BT 457.07 694.10 Td (These increased costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 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 50.00 658.10 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 50.00 646.10 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 50.00 622.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 622.10 Td (e are a bank holding company regulated by the Federal Reserve. ) Tj ET Q q 0 0 0 rg BT 317.43 622.10 Td (Any entity \(including a group composed of natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (persons\) 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 50.00 598.10 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 50.00 586.10 Td (accordance with the Bank Holding Company ) Tj ET Q q 0 0 0 rg BT 232.18 586.10 Td (Act of 1956, as amended \(the BHCA\). In addition, \(1\)any bank holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 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 533.19 574.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (acquire or retain 5% or more of a class of our outstanding shares of voting stock, and \(2\)any person other than a bank holding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 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 436.84 550.10 Td (Act to acquire or retain 10% or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (more of our outstanding shares of voting stock. ) Tj ET Q q 0 0 0 rg BT 240.81 538.10 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 50.00 526.10 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 50.00 514.10 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 50.00 502.10 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 50.00 490.10 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 50.00 478.10 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 50.00 466.10 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 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 50.00 430.10 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 433.70 430.10 Td (. Each shareholder obtaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 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 389.25 418.10 Td (. Acting in concert generally means ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 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 50.00 394.10 Td (company) Tj ET Q q 0 0 0 rg BT 86.01 394.10 Td (, whether or not pursuant to an express agreement. ) Tj ET Q q 0 0 0 rg BT 289.93 394.10 Td (The manner in which this definition is applied in individual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (circumstances can vary and cannot always be predicted with certainty) Tj ET Q q 0 0 0 rg BT 328.40 382.10 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 50.00 370.10 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 50.00 358.10 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 50.00 346.10 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 425.53 346.10 Td (ficials, controlling shareholders, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 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 434.47 334.10 Td (, partner) Tj ET Q q 0 0 0 rg BT 467.38 334.10 Td (, trustee or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (management of) Tj ET Q q 0 0 0 rg BT 111.74 322.10 Td (ficial of such shareholder own equity in the bank or bank holding company) Tj ET Q q 0 0 0 rg BT 411.57 322.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (The FDIC) Tj ET Q q 0 0 0 rg BT 95.65 298.10 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 50.00 286.10 Td (us and our investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 262.10 Td (August26, 2009, 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 50.00 250.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 102.59 250.10 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 50.00 238.10 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 50.00 226.10 Td (holding company) Tj ET Q q 0 0 0 rg BT 119.06 226.10 Td (, but in certain circumstances it could apply to investors holding fewer voting shares. ) Tj ET Q q 0 0 0 rg BT 461.02 226.10 Td (The policy statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 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 50.00 202.10 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 50.00 178.10 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 523.85 178.10 Td (They ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 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 489.73 166.10 Td () Tj ET Q q 0 0 0 rg BT 492.50 166.10 Td (s ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 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 50.00 142.10 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 50.00 130.10 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 50.00 118.10 Td (losses to the Deposit Insurance Fund.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 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 82.10 Td (investment vehicles that are owned or controlled by the same parent company) Tj ET Q q 0 0 0 rg BT 360.63 82.10 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 70.10 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 58.10 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 46.10 Td (bank secrecy jurisdictions would not be eligible to own a direct or indirect interest in an insured depository institution unless ) Tj ET Q endstream endobj 81 0 obj <>] /Rotate 0 /Contents 82 0 R>> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (the investor) Tj ET Q q 0 0 0 rg BT 97.30 742.10 Td () Tj ET Q q 0 0 0 rg BT 100.08 742.10 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 50.00 730.10 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 50.00 718.10 Td (records and compliance with U.S. banking laws and regulations. If the policy statement applies, we \(including any failed bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (we acquire\) could be required to maintain a ratio of ) Tj ET Q q 0 0 0 rg BT 258.07 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 263.82 706.10 Td (ier 1 common equity to total assets of at least 10% for a period of 3 years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (and thereafter maintain a capital level suf) Tj ET Q q 0 0 0 rg BT 215.29 694.10 Td (ficient to be well capitalized under regulatory standards during the remaining period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (of ownership of the investors. Bank subsidiaries also may be prohibited from extending any new credit to investors that own at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (least 10% of our equity) Tj ET Q q 0 0 0 rg BT 142.66 670.10 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 50 632.7669921875 m 554.921875 632.7669921875 l s q 0 0 0 rg BT 50.00 634.10 Td (Risks Relating to Our Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series C and Our Fixed-to-Floating ) 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 50 620.7669921875 m 282.4365234375 620.7669921875 l s q 0 0 0 rg BT 50.00 622.10 Td (Rate Non-Cumulative Perpetual Preferred Stock, Series D) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (The shares of Series C Preferred Stock and Series D 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 50.00 586.10 Td (existing and future indebtedness.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (The shares of Series C and Series D Preferred Stock are equity interests in Customers Bancorp and do not constitute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (indebtedness of Customers Bancorp or any of our subsidiaries, and rank junior to all of Customer Bancorp) Tj ET Q q 0 0 0 rg BT 478.53 550.10 Td (s and our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (subsidiaries) Tj ET Q q 0 0 0 rg BT 99.80 538.10 Td ( existing and future indebtedness and other non-equity claims with respect to assets available to satisfy claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (against us, including claims in the event of Customer Bancorp) Tj ET Q q 0 0 0 rg BT 301.62 526.10 Td (s liquidation. If we are forced to liquidate our assets to pay our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (creditors, we may not have suf) Tj ET Q q 0 0 0 rg BT 172.56 514.10 Td (ficient funds to pay amounts due on any or all of the Series C and Series D Preferred Stock then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (outstanding. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 478.10 Td (e may not pay dividends on the shares of Series C Preferred Stock and Series D Preferred Stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Dividends on the shares of Series C and Series D Preferred Stock are payable only if declared by our board of directors or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (duly authorized committee of the board. ) Tj ET Q q 0 0 0 rg BT 214.95 442.10 Td (As a bank holding company) Tj ET Q q 0 0 0 rg BT 326.50 442.10 Td (, we are subject to general regulatory restrictions on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (payment of cash dividends. Federal bank regulatory agencies have the authority to prohibit bank holding companies from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (engaging in unsafe or unsound practices in conducting their business, which depending on the financial condition and liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (of the holding company at the time, could include the payment of dividends. Further) Tj ET Q q 0 0 0 rg BT 389.52 406.10 Td (, various federal and state statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (provisions limit the amount of dividends that our bank subsidiaries can pay to us as its holding company without regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (approval.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Dividends on the shares of Series C Preferred Stock and Series D Preferred Stock are non-cumulative.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Dividends on the shares of Series C and Series D Preferred Stock are payable only when, as and if authorized and declared by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (our board of directors or a duly authorized committee of the board. Consequently) Tj ET Q q 0 0 0 rg BT 377.03 322.10 Td (, if our board of directors or a duly authorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (committee of the board does not authorize and declare a dividend for any dividend period, holders of the Series C and Series D ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Preferred Stock will not be entitled to receive any such dividend, and such unpaid dividend will cease to accrue or be payable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (If we do not declare and pay dividends on the Series C and Series D Preferred Stock, the market prices of the shares of Series C ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (and Series D Preferred Stock may decline.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Our ability to pay dividends on the shares of Series C Preferred Stock and Series D Preferred is dependent on dividends and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (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 50.00 214.10 Td (Our principal source of cash flow is dividends from Customers Bank. ) Tj ET Q q 0 0 0 rg BT 330.32 214.10 Td (W) Tj ET Q q 0 0 0 rg BT 338.96 214.10 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 50.00 202.10 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 50.00 190.10 Td (and suf) Tj ET Q q 0 0 0 rg BT 78.98 190.10 Td (ficient cash is not otherwise available, we may not be able to make dividend payments on the Series C and Series D ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (Preferred Stock. ) Tj ET Q q 0 0 0 rg BT 117.29 178.10 Td (V) Tj ET Q q 0 0 0 rg BT 123.41 178.10 Td (arious federal and state statutes, regulations and rules limit, directly or indirectly) Tj ET Q q 0 0 0 rg BT 444.60 178.10 Td (, the amount of dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (that our banking and other subsidiaries may pay to us without regulatory approval. In particular) Tj ET Q q 0 0 0 rg BT 431.45 166.10 Td (, dividend and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (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 507.03 154.10 Td (. ) Tj ET Q q 0 0 0 rg BT 511.85 154.10 Td (There can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (be no assurances that we would receive such approval.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 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 488.54 118.10 Td (s liquidation or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (otherwise, and, as a result, the ability of a holder of Series C or Series D Preferred Stock to benefit indirectly from such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (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 470.08 94.10 Td (, except to the extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (that any of our claims as a creditor of such subsidiary may be recognized. ) Tj ET Q q 0 0 0 rg BT 348.79 82.10 Td (As a result, shares of the Series C and Series D ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (Preferred Stock are ef) Tj ET Q q 0 0 0 rg BT 137.27 70.10 Td (fectively subordinated to all existing and future liabilities and any preferred equity of our subsidiaries.) Tj ET Q endstream endobj 83 0 obj <>] /Rotate 0 /Contents 84 0 R>> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (40) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Holders of Series C Preferred Stock and Series D 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 50.00 730.25 Td (first becomes redeemable at our option or on any particular date thereafter) Tj ET Q q 0 0 0 rg BT 357.49 730.25 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 50.00 718.25 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 50.00 694.25 Td (Our Series C and Series D Preferred Stock are perpetual equity securities, meaning that the Series C and Series D Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (Stock have no maturity date or mandatory redemption date and the shares are not redeemable at the option of the holders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (thereof. ) Tj ET Q q 0 0 0 rg BT 82.76 670.25 Td (Any determination we make at any time to propose a redemption of the Series C or Series D Preferred Stock will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (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 526.64 658.25 Td ( equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (and general market conditions at that time. In addition, our right to redeem the Series C and Series D Preferred Stock is subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (to any limitations established by the Federal Reserve. Under the Federal Reserve) Tj ET Q q 0 0 0 rg BT 376.02 634.25 Td (s risk-based capital guidelines applicable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (bank holding companies, any redemption of the Series C or Series D Preferred Stock is subject to prior approval of the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (Reserve. ) Tj ET Q q 0 0 0 rg BT 87.03 610.25 Td (There can be no assurance that the Federal Reserve will approve any such redemption.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 586.25 Td (e may be able to redeem the Series C Preferred Stock and Series D Preferred Stock before their initial redemption dates ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (upon a regulatory capital treatment event.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 550.25 Td (e may be able to redeem the Series C and Series D Preferred Stock before their respective initial redemption dates, in whole ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (but not in part, upon the occurrence of certain events involving the capital treatment of the Series C and Series D Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (Stock, as applicable. In particular) Tj ET Q q 0 0 0 rg BT 183.44 526.25 Td (, upon our determination in good faith that an event has occurred that would constitute a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (regulatory capital treatment event, with respect to a particular series of the preferred stock, we may redeem that particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (series of securities in whole but not in part upon the prior approval of the Federal Reserve.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Holders of Series C Preferred stock and Series D Preferred Stock have limited voting rights.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (Holders of Series C and Series D Preferred Stock have no voting rights with respect to matters that generally require the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (approval of voting shareholders. However) Tj ET Q q 0 0 0 rg BT 218.16 442.25 Td (, holders of Series C and Series D Preferred Stock will have the right to vote in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (event of non-payments of dividends under certain circumstances, with respect to authorizing classes or series of preferred stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (senior to the Series C or Series D Preferred Stock, as applicable, and with respect to certain fundamental changes in the terms ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (of the Series C or Series D Preferred Stock, as applicable, or as otherwise required by law) Tj ET Q q 0 0 0 rg BT 408.68 406.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (General market conditions and unpredictable factors could adversely af) Tj ET Q q 0 0 0 rg BT 344.80 382.25 Td (fect market prices for the Series C Preferred Stock ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (and Series D Preferred Stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (There can be no assurance regarding the market prices for either the Series C or Series D Preferred Stock. ) Tj ET Q q 0 0 0 rg BT 474.83 346.25 Td (A) Tj ET Q q 0 0 0 rg BT 481.50 346.25 Td ( variety of factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (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 104.00 310.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 310.25 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 104.00 298.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 298.25 Td (our operating performance, financial condition and prospects, or the operating performance financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 286.25 Td (condition and prospects of our competitors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 274.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 274.25 Td (real or anticipated changes in the credit ratings \(if any\) assigned to the Series C or Series D Preferred Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 262.25 Td (or our other securities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 250.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 250.25 Td (our creditworthiness;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 238.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 238.25 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 104.00 226.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 226.25 Td (our issuance of additional preferred equity;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 214.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 214.25 Td (the market for similar securities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 202.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 202.25 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 122.00 190.25 Td (institutions generally; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 178.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 178.25 Td (economic, financial, corporate, securities market, geopolitical, regulatory or judicial events that af) Tj ET Q q 0 0 0 rg BT 513.88 178.25 Td (fect us, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 166.25 Td (banking industry or the financial markets generally) Tj ET Q q 0 0 0 rg BT 325.73 166.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (The Series C Preferred Stock and Series D Preferred Stock may not have an active trading market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (Although the shares of Series C and Series D Preferred Stock are listed on the New ) Tj ET Q q 0 0 0 rg BT 385.10 118.25 Td (Y) Tj ET Q q 0 0 0 rg BT 391.32 118.25 Td (ork Stock Exchange, an active trading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (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 432.95 106.25 Td (As a result, the dif) Tj ET Q q 0 0 0 rg BT 506.36 106.25 Td (ference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.25 Td (between bid and asked 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 70.25 Td (The Series C Preferred Stock and D Preferred Stock may be junior or equal in rights and preferences to preferred stock we ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 58.25 Td (may issue in the future.) Tj ET Q endstream endobj 85 0 obj <>] /Rotate 0 /Contents 86 0 R>> endobj 86 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Our Series C Preferred Stock and Series D Preferred Stock rank equally) Tj ET Q q 0 0 0 rg BT 336.76 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 343.71 742.10 Td (Although we do not currently have outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (preferred stock that ranks senior to the Series C and Series D Preferred Stock, the Series C and Series D Preferred Stock may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (rank junior to other preferred stock we may issue in the future that by its terms is expressly senior in rights and preferences to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the Series C and Series D Preferred Stock, although the af) Tj ET Q q 0 0 0 rg BT 281.70 706.10 Td (firmative vote or consent of the holders of at least two-thirds of all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (outstanding shares of the af) Tj ET Q q 0 0 0 rg BT 159.79 694.10 Td (fected class of preferred stock is required to issue any shares of stock ranking senior in rights and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (preferences to such class. ) Tj ET Q q 0 0 0 rg BT 153.57 682.10 Td (Any preferred stock that ranks senior to the Series C or Series D Preferred Stock in the future would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (have priority in payment of dividends and the making of distributions in the event of any liquidation, dissolution or winding up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (of Customers Bancorp. ) Tj ET Q q 0 0 0 rg BT 146.93 658.10 Td (Additional issuances by us of preferred stock ranking equally with Series C and Series D Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Stock do not generally require the approval of holders of Series C or Series D 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 50 620.7669921875 m 200.8154296875 620.7669921875 l s q 0 0 0 rg BT 50.00 622.10 Td (Risks Relating to Our Debt Securities) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Our 6.375% Senior Notes and 4.625% Senior Notes contain limited covenants. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (The terms of our 6.375% Senior Notes and 4.625% Senior Notes generally do not prohibit us from incurring additional debt or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (other liabilities. If we incur additional debt or liabilities, our ability to pay our obligations on the 6.375% Senior Notes and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (4.625% Senior Notes could be adversely af) Tj ET Q q 0 0 0 rg BT 222.83 550.10 Td (fected. In addition, the terms of our 6.375% Senior Notes and 4.625% Senior Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (do not require us to maintain any financial ratios or specific levels of net worth, revenues, income, cash flows or liquidity and, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 96.55 526.10 Td (, do not protect holders of those notes in the event that we experience material adverse changes in our financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (condition or results of operations. Holders of the 6.375% Senior Notes and 4.625% Senior Notes also have limited protection in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (the event of a highly leveraged transaction, reor) Tj ET Q q 0 0 0 rg BT 240.85 502.10 Td (ganization, default under our existing indebtedness, restructuring, mer) Tj ET Q q 0 0 0 rg BT 521.14 502.10 Td (ger or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (similar transaction. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (Our ability to make interest and principal payments on the 6.375% Senior Notes and 4.625% Senior Notes is dependent on ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 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 50.00 430.10 Td (Our principal source of cash flow is dividends from Customers Bank. ) Tj ET Q q 0 0 0 rg BT 330.32 430.10 Td (W) Tj ET Q q 0 0 0 rg BT 338.96 430.10 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 50.00 418.10 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 457.80 418.10 Td (ficient cash is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (otherwise available, we may not be able to make interest and principal payments on the 6.375% Senior Notes and 4.625% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Senior Notes. ) Tj ET Q q 0 0 0 rg BT 106.76 394.10 Td (V) Tj ET Q q 0 0 0 rg BT 112.87 394.10 Td (arious federal and state statutes, regulations and rules limit, directly or indirectly) Tj ET Q q 0 0 0 rg BT 434.07 394.10 Td (, the amount of dividends that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (our banking and other subsidiaries may pay to us without regulatory approval. In particular) Tj ET Q q 0 0 0 rg BT 413.95 382.10 Td (, dividend and other distributions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (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 454.52 370.10 Td (. ) Tj ET Q q 0 0 0 rg BT 459.34 370.10 Td (There can be no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (assurances that we would receive such approval.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 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 488.54 334.10 Td (s liquidation or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (otherwise, and, as a result, the ability of a holder of 6.375% Senior Notes and 4.625% Senior Notes to benefit indirectly from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (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 490.91 310.10 Td (, except to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (extent that any of our claims as a creditor of such subsidiary may be recognized. ) Tj ET Q q 0 0 0 rg BT 375.73 298.10 Td (As a result, the 6.375% Senior Notes and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (4.625% Senior Notes are ef) Tj ET Q q 0 0 0 rg BT 160.06 286.10 Td (fectively subordinated to all existing and future liabilities and any preferred equity of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (subsidiaries.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.15 250.10 Td (e may not be able to generate suf) Tj ET Q q 0 0 0 rg BT 193.23 250.10 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 50.00 238.10 Td (Senior Notes and 4.625% Senior Notes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (Our ability to make payments on and to refinance our indebtedness, including the 6.375% Senior Notes and 4.625% Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Notes, will depend on our financial and operating performance, including dividends payable to us from Customers Bank, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (are subject to prevailing economic and competitive conditions and to certain financial, business and other factors beyond our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 83.14 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 91.78 178.10 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 404.83 178.10 Td (ficient to permit us to pay the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (principal, premium, if any) Tj ET Q q 0 0 0 rg BT 154.04 166.10 Td (, and interest on our indebtedness, including the notes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (If our cash flows and capital resources, and dividends from Customers Bank, are insuf) Tj ET Q q 0 0 0 rg BT 395.00 142.10 Td (ficient to fund our debt service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 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 50.00 118.10 Td (otherwise implement our business plans. ) Tj ET Q q 0 0 0 rg BT 214.42 118.10 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 50.00 106.10 Td (absence of suf) Tj ET Q q 0 0 0 rg BT 107.02 106.10 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 94.10 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 82.10 Td (including the notes. ) Tj ET Q q 0 0 0 rg BT 130.92 82.10 Td (W) Tj ET Q q 0 0 0 rg BT 139.56 82.10 Td (e may not be able to consummate these transactions, and these proceeds may not be adequate to meet our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (debt service obligations then due. ) Tj ET Q endstream endobj 87 0 obj <>] /Rotate 0 /Contents 88 0 R>> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (The 6.375% Senior Notes and 4.625% Senior Notes are our unsecured obligations. ) Tj ET Q q 0 0 0 rg BT 383.36 742.10 Td (The 6.375% Senior Notes and 4.625% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Senior Notes will rank equal in right of payment with all of our secured and unsecured senior indebtedness and will rank senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (in right of payment to all of our subordinated indebtedness. ) Tj ET Q q 0 0 0 rg BT 291.62 718.10 Td (Although the 6.375% Senior Notes and 4.625% Senior Notes are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (senior notes, they will be ef) Tj ET Q q 0 0 0 rg BT 169.22 706.10 Td (fectively subordinate to all liabilities of our subsidiaries, including secured indebtedness. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (The 6.375% Senior Notes and 4.625% Senior Notes may not have an active trading market.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Although the 6.375% Senior Notes are listed on the New ) Tj ET Q q 0 0 0 rg BT 279.86 658.10 Td (Y) Tj ET Q q 0 0 0 rg BT 286.08 658.10 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 50.00 646.10 Td (established or maintained for those notes and transaction costs could be high. ) Tj ET Q q 0 0 0 rg BT 361.13 646.10 Td (The 4.625% Senior Notes are not listed on any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (securities exchange and there is no active trading market for these notes. In addition to the other factors described below) Tj ET Q q 0 0 0 rg BT 533.34 634.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (lack of a trading market for the 4.625% Senior Notes may adversely af) Tj ET Q q 0 0 0 rg BT 332.78 622.10 Td (fect the holder) Tj ET Q q 0 0 0 rg BT 390.90 622.10 Td () Tj ET Q q 0 0 0 rg BT 393.68 622.10 Td (s ability to sell the notes and the prices at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (which the notes may be sold.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (The prices realizable from sales of the 6.375% Senior Notes and 4.625% Senior Notes in any secondary market also will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 574.10 Td (fected by the supply and demand of the notes, the interest rate, the ranking and a number of other factors, including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 550.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 550.10 Td (yields on U.S. ) Tj ET Q q 0 0 0 rg BT 180.99 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 186.75 550.10 Td (reasury obligations and expectations about future interest rates;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 538.10 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 104.00 526.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 526.10 Td (general economic conditions and expectations regarding the ef) Tj ET Q q 0 0 0 rg BT 372.00 526.10 Td (fects of national policies;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 514.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 514.10 Td (investors) Tj ET Q q 0 0 0 rg BT 160.70 514.10 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 104.00 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 502.10 Td (the market for similar securities.) Tj ET Q BT /F1 18.00 Tf ET q 0 0 0 rg BT 50.00 468.50 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 444.50 Td (Item1B. ) Tj ET Q q 0 0 0 rg BT 122.00 444.50 Td (Unr) Tj ET Q q 0 0 0 rg BT 139.04 444.50 Td (esolved Staff Comments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.50 Td (None.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 384.50 Td (Item2. ) Tj ET Q q 0 0 0 rg BT 86.00 384.50 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 384.50 Td (Pr) Tj ET Q q 0 0 0 rg BT 132.37 384.50 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.50 Td (The table below summarizes our leased branch and limited purpose and administrative of) Tj ET Q q 0 0 0 rg BT 406.93 366.50 Td (fice properties, by county and state, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.50 Td (of December31, 2015. ) Tj ET Q q 0 0 0 rg BT 144.23 354.50 Td (W) Tj ET Q q 0 0 0 rg BT 152.87 354.50 Td (e do not currently own any real property) Tj ET Q q 0 0 0 rg BT 313.55 354.50 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 303.60 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 303.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 303.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 273.60 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 273.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 273.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 243.60 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 243.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 243.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 213.60 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 213.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 213.60 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 497.5 213.60000000000002 m 562.5 213.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 199.60000000000002 m 562.5 199.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 197.60000000000002 m 562.5 197.60000000000002 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 279.85 319.580078125 m 332.084375 319.580078125 l s q 0 0 0 rg BT 279.85 320.83 Td (Bank Branches) 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 53 306.580078125 m 78.33984375 306.580078125 l s q 0 0 0 rg BT 53.00 307.83 Td (County) 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 455.8 306.580078125 m 473.128125 306.580078125 l s q 0 0 0 rg BT 455.80 307.83 Td (State) 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 517.5 306.580078125 m 541.5 306.580078125 l s q 0 0 0 rg BT 517.50 307.83 Td (Leased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 294.17 Td (Berks \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 293.27 Td (PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 293.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 279.17 Td (Bucks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 278.27 Td (PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 278.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 264.17 Td (Chester \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 263.27 Td (PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 263.27 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 249.17 Td (Delaware) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 248.27 Td (PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 248.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 234.17 Td (Westchester) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.45 233.27 Td (NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 233.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 219.17 Td (Mercer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.90 218.27 Td (NJ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 218.27 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 203.27 Td (14) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 184.70 Td () Tj ET Q endstream endobj 89 0 obj <>] /Rotate 0 /Contents 90 0 R>> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (43) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 722.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 722.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 722.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 692.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 692.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 692.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 662.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 662.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 662.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 632.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 632.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 632.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 602.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 602.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 602.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 572.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 572.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 572.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 542.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 542.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 542.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 512.50 382.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 512.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 512.50 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 497.5 497.5 m 562.5 497.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 483.5 m 562.5 483.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 481.5 m 562.5 481.5 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 230.4 738.480078125 m 381.50546875 738.480078125 l s q 0 0 0 rg BT 230.40 739.73 Td (Limited Purpose and Administrative Offices) 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 53 725.480078125 m 78.33984375 725.480078125 l s q 0 0 0 rg BT 53.00 726.73 Td (County) 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 455.8 725.480078125 m 473.128125 725.480078125 l s q 0 0 0 rg BT 455.80 726.73 Td (State) 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 517.5 725.480078125 m 541.5 725.480078125 l s q 0 0 0 rg BT 517.50 726.73 Td (Leased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 713.07 Td (Berks \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 712.17 Td (PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 712.17 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 698.07 Td (Bucks \(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 697.17 Td (PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 697.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 683.07 Td (Chester \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 682.17 Td (PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 682.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 668.07 Td (Delaware \(7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 667.17 Td (PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 667.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 653.07 Td (Lancaster \(14\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 652.17 Td (PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 652.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 638.07 Td (Philadelphia \(8\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 637.17 Td (PA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 637.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 623.07 Td (Fairfax \(9\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 622.17 Td (VA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 622.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 608.07 Td (Mercer \(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.90 607.17 Td (NJ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 607.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 593.07 Td (Morris \(14\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.90 592.17 Td (NJ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 592.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 578.07 Td (New York \(10\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.45 577.17 Td (NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 577.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 563.07 Td (Westchester \(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.45 562.17 Td (NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 562.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 548.07 Td (Suffolk \(13\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.45 547.17 Td (NY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 547.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 533.07 Td (Providence \(11\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.50 532.17 Td (RI) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 532.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 518.07 Td (Rockingham \(15\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.25 517.17 Td (NH) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 517.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 503.07 Td (Suffolk \(12\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.70 502.17 Td (MA) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 502.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 487.17 Td (20) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 468.60 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 456.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 456.60 Td (Includes the full service branch at 1001 Penn ) Tj ET Q q 0 0 0 rg BT 262.62 456.60 Td (A) Tj ET Q q 0 0 0 rg BT 269.10 456.60 Td (venue, ) Tj ET Q q 0 0 0 rg BT 297.79 456.60 Td (W) Tj ET Q q 0 0 0 rg BT 306.63 456.60 Td (yomissing, P) Tj ET Q q 0 0 0 rg BT 357.39 456.60 Td (A) Tj ET Q q 0 0 0 rg BT 364.06 456.60 Td ( as well as three branches acquired through the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 444.60 Td (Berkshire Bancorp, Inc. acquisition. ) Tj ET Q q 0 0 0 rg BT 227.17 444.60 Td (The lease expirations range from 2017 to 2021.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 432.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 432.60 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 80.45 420.60 Td (Bridge St., Phoenixville, P) Tj ET Q q 0 0 0 rg BT 186.20 420.60 Td (A) Tj ET Q q 0 0 0 rg BT 192.87 420.60 Td ( 19460, wherein we lease approximately 31,054 square feet on 4 floors. ) Tj ET Q q 0 0 0 rg BT 481.22 420.60 Td (The lease on this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 408.60 Td (location expires in 2023. ) Tj ET Q q 0 0 0 rg BT 181.27 408.60 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 80.45 396.60 Td (Phoenixville, P) Tj ET Q q 0 0 0 rg BT 140.65 396.60 Td (A) Tj ET Q q 0 0 0 rg BT 147.32 396.60 Td ( where we maintain a full service commercial bank branch and corporate of) Tj ET Q q 0 0 0 rg BT 449.22 396.60 Td (fices. ) Tj ET Q q 0 0 0 rg BT 472.92 396.60 Td (The lease on this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 384.60 Td (location expires in 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 372.60 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 372.60 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 504.19 372.60 Td (A) Tj ET Q q 0 0 0 rg BT 510.67 372.60 Td (venue, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 360.60 Td (W) Tj ET Q q 0 0 0 rg BT 89.29 360.60 Td (yomissing, P) Tj ET Q q 0 0 0 rg BT 140.05 360.60 Td (A. ) Tj ET Q q 0 0 0 rg BT 152.09 360.60 Td (The leased space covers a total of 23,719 square feet. ) Tj ET Q q 0 0 0 rg BT 367.37 360.60 Td (This lease expires in 2020. ) Tj ET Q q 0 0 0 rg BT 476.24 360.60 Td (Also, includes the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 348.60 Td (leased administrative of) Tj ET Q q 0 0 0 rg BT 175.79 348.60 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 80.45 336.60 Td (expiring in 2021, and an administrative of) Tj ET Q q 0 0 0 rg BT 248.29 336.60 Td (fices for Company personnel in Shillington, P) Tj ET Q q 0 0 0 rg BT 430.96 336.60 Td (A, expiring in 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 324.60 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 324.60 Td (W) Tj ET Q q 0 0 0 rg BT 89.09 324.60 Td (e lease 7,327 square feet of space in Hamilton, NJ from which we conduct our mortgage warehouse activities. ) Tj ET Q q 0 0 0 rg BT 531.26 324.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 312.60 Td (lease on this location expires in 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 300.60 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 300.60 Td (Represents administrative of) Tj ET Q q 0 0 0 rg BT 194.68 300.60 Td (fices for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 319.19 300.60 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 48.95 288.60 Td (\(6\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 288.60 Td (Represents administrative of) Tj ET Q q 0 0 0 rg BT 194.68 288.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 315.30 288.60 Td (The lease on this location expires in 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 276.60 Td (\(7\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 276.60 Td (Represents administrative of) Tj ET Q q 0 0 0 rg BT 194.68 276.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 315.30 276.60 Td (The lease on this location expires in 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 264.60 Td (\(8\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 264.60 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 264.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 264.60 Td (The lease on this location expires in 2023.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 252.60 Td (\(9\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 252.60 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 252.60 Td (fice. ) Tj ET Q q 0 0 0 rg BT 222.27 252.60 Td (The space is currently sublet to a third party) Tj ET Q q 0 0 0 rg BT 397.68 252.60 Td (. ) Tj ET Q q 0 0 0 rg BT 405.00 252.60 Td (The lease on this location expires in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 240.60 Td (2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 228.60 Td (\(10\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 228.60 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 228.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 228.60 Td (The lease on this location expires in 2020.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 216.60 Td (\(1) Tj ET Q q 0 0 0 rg BT 56.91 216.60 Td (1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 216.60 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 216.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 216.60 Td (The lease on this location expires in 2021.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 204.60 Td (\(12\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 204.60 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 204.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 204.60 Td (The lease on this location expires in 2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 192.60 Td (\(13\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 192.60 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 192.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 192.60 Td (The lease on this location expires in 2025.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 180.60 Td (\(14\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 180.60 Td (Represents administrative of) Tj ET Q q 0 0 0 rg BT 194.68 180.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 315.30 180.60 Td (The lease on this location expires in 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 168.60 Td (\(15\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 168.60 Td (Represents limited purpose of) Tj ET Q q 0 0 0 rg BT 199.97 168.60 Td (fice for Customers personnel. ) Tj ET Q q 0 0 0 rg BT 320.59 168.60 Td (The lease on this location expires in 2018.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.60 Td (The Bank branch locations, which range in size from approximately 1,800 to 3,900 square feet, have leases on these locations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.60 Td (which expire between 2017 and 2023.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.60 Td (The total minimum cash lease payments for our current branches, administrative of) Tj ET Q q 0 0 0 rg BT 382.49 108.60 Td (fices and mortgage warehouse lending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.60 Td (locations amount to approximately $325,000 per month.) Tj ET Q BT /F1 18.00 Tf ET q 0 0 0 rg BT 50.00 75.00 Td () Tj ET Q endstream endobj 91 0 obj <>] /Rotate 0 /Contents 92 0 R>> endobj 92 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (44) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item3. ) 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 (Legal Pr) Tj ET Q q 0 0 0 rg BT 158.75 742.25 Td (oceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 718.25 Td (August 7, 2013, the Bancorp received a letter from the Federal Reserve Bank of Philadelphia \(Reserve Bank\) of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (determination, in connection with its consumer compliance and Community Reinvestment ) Tj ET Q q 0 0 0 rg BT 413.54 706.25 Td (Act examinations of the Bank for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (period of 201) Tj ET Q q 0 0 0 rg BT 103.51 694.25 Td (1 and 2012, to make a referral to the Department of Justice. ) Tj ET Q q 0 0 0 rg BT 343.79 694.25 Td (The Reserve Bank informed us that it made the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (referral based on its belief that Customers Bank has not complied with certain provisions of the Equal Credit Opportunity ) Tj ET Q q 0 0 0 rg BT 537.95 682.25 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (\(ECOA\), Fair Housing ) Tj ET Q q 0 0 0 rg BT 152.21 670.25 Td (Act \(FHA\) and Regulation B with regard to the City of Philadelphia. Customers Bank received ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (notification as of September 24, 2013 that the Department of Justice has initiated an investigation of the Bancorp under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (ECOA) Tj ET Q q 0 0 0 rg BT 76.67 646.25 Td ( and FHA.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 622.25 Td (August 22, 2014, the Department of Justice informed the Bancorp that it had completed its review and that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (circumstances of this matter did not require enforcement action by the Department of Justice at this time. ) Tj ET Q q 0 0 0 rg BT 472.46 610.25 Td (The matter has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (referred back to the Federal Reserve. ) Tj ET Q q 0 0 0 rg BT 200.02 598.25 Td (The Federal Reserve has advised us that it will not issue a formal enforcement action with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (regard to this matter) Tj ET Q q 0 0 0 rg BT 130.25 586.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 552.65 Td (Item4. ) Tj ET Q q 0 0 0 rg BT 86.00 552.65 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 552.65 Td (Mine Safety Disclosur) Tj ET Q q 0 0 0 rg BT 215.70 552.65 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 534.65 Td (Not ) Tj ET Q q 0 0 0 rg BT 66.95 534.65 Td (Applicable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.85 498.65 Td (P) Tj ET Q q 0 0 0 rg BT 293.22 498.65 Td (AR) Tj ET Q q 0 0 0 rg BT 307.31 498.65 Td (T) Tj ET Q q 0 0 0 rg BT 313.80 498.65 Td ( II) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (Item5. ) Tj ET Q q 0 0 0 rg BT 122.00 448.25 Td (Market For) Tj ET Q q 0 0 0 rg BT 172.07 448.25 Td ( Registrant) Tj ET Q q 0 0 0 rg BT 222.52 448.25 Td (s Common Equity) Tj ET Q q 0 0 0 rg BT 299.21 448.25 Td (, Related Stockholder) Tj ET Q q 0 0 0 rg BT 390.96 448.25 Td ( Matters and Issuer) Tj ET Q q 0 0 0 rg BT 474.39 448.25 Td ( Pur) Tj ET Q q 0 0 0 rg BT 492.82 448.25 Td (chases of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 122.00 436.25 Td (Equity Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.93 406.25 Td (rading Market for) Tj ET Q q 0 0 0 rg BT 134.06 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 136.38 406.25 Td (V) Tj ET Q q 0 0 0 rg BT 142.69 406.25 Td (oting Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (Since December 30, 2014, the common stock of Customers Bancorp has been listed for quotation on the New ) Tj ET Q q 0 0 0 rg BT 490.64 388.25 Td (Y) Tj ET Q q 0 0 0 rg BT 496.86 388.25 Td (ork Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (Exchange under the symbol CUBI. ) Tj ET Q q 0 0 0 rg BT 203.95 376.25 Td (The common stock of Customers Bancorp was listed for quotation on the Nasdaq Global ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (Select Market under the symbol CUBI from May 16, 2013 through December 29, 2014. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Market Price of ) Tj ET Q q 0 0 0 rg BT 120.06 334.25 Td (V) Tj ET Q q 0 0 0 rg BT 126.36 334.25 Td (oting Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (The chart below displays the high and low closing sale prices of the common stock of the Bancorp as reported on the Nasdaq ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (Global Select Market and New ) Tj ET Q q 0 0 0 rg BT 175.98 304.25 Td (Y) Tj ET Q q 0 0 0 rg BT 182.20 304.25 Td (ork Stock Exchange \(ef) Tj ET Q q 0 0 0 rg BT 276.15 304.25 Td (fective December 30, 2014\) between May16, 2013 and February 20, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (2015. ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 277.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 254.35 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 254.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 254.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 254.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 224.35 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 224.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 224.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 224.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 194.35 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 194.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 194.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 194.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 164.35 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 164.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 164.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 164.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 134.35 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 134.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 134.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 134.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 104.35 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 104.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 104.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 104.35 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 428.5 254.35000000000002 m 493.5 254.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 254.35000000000002 m 562.5 254.35000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.05 258.58 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.90 258.58 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 53 243.51259765625002 m 73 243.51259765625002 l s q 0 0 0 rg BT 53.00 245.08 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 229.02 Td (Fourth quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 229.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 229.02 Td (31.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 229.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 229.02 Td (24.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 214.92 Td (Third quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 214.02 Td (29.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 214.02 Td (22.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 199.92 Td (Second quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 199.02 Td (27.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 199.02 Td (24.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 184.92 Td (First quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 184.02 Td (24.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 184.02 Td (17.96) 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 53 153.51259765625002 m 73 153.51259765625002 l s q 0 0 0 rg BT 53.00 155.08 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 139.92 Td (Fourth quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 139.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 139.02 Td (20.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 139.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 139.02 Td (17.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 124.92 Td (Third quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 124.02 Td (20.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 124.02 Td (17.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 109.02 Td (Second quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 109.02 Td (21.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 109.02 Td (18.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 94.02 Td (First quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 94.02 Td (20.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 94.02 Td (17.27) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 93 0 obj <>] /Rotate 0 /Contents 94 0 R>> endobj 94 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (As of February 19, 2016, there were 475 shareholders of record and 26,935,953 shares outstanding of Customers Bancorp's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (V) Tj ET Q q 0 0 0 rg BT 55.93 730.10 Td (oting Common Stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (Dividends on ) Tj ET Q q 0 0 0 rg BT 108.17 700.10 Td (V) Tj ET Q q 0 0 0 rg BT 114.48 700.10 Td (oting Common Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 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 50.00 670.10 Td (expect to do so in the forseeable future. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 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 475.73 652.10 Td (s board of directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 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 50.00 628.10 Td (general economic and regulatory climate, ability to service any equity or debt obligations senior to the ) Tj ET Q q 0 0 0 rg BT 461.08 628.10 Td (V) Tj ET Q q 0 0 0 rg BT 467.01 628.10 Td (oting Common Stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (including obligations to pay dividends to the holders of the Bancorp's issued and outstanding shares of preferred stock, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (other factors deemed relevant by the board of directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (In addition, as a bank holding company) Tj ET Q q 0 0 0 rg BT 207.37 580.10 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 50.00 568.10 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 50.00 556.10 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 50.00 544.10 Td (company at the time, could include the payment of dividends. Further) Tj ET Q q 0 0 0 rg BT 328.42 544.10 Td (, various federal and state statutory provisions limit the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 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 543.39 532.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 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 50.00 508.10 Td (capital levels, and limits exist on paying dividends in excess of net income for specified periods.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (Beginning January1, 2015, the ability to pay dividends and the amounts that can be paid, will be limited to the extent the bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 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 50.00 460.10 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 50.00 448.10 Td (ability to pay dividends to the Bancorp and the Bancorp's payment of dividends.) Tj ET Q endstream endobj 95 0 obj <>] /Rotate 0 /Contents 96 0 R>> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Issuer) Tj ET Q q 0 0 0 rg BT 75.93 742.25 Td ( Pur) Tj ET Q q 0 0 0 rg BT 94.36 742.25 Td (chases of Equity Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (On November26, 2013, the Bancorp) Tj ET Q q 0 0 0 rg BT 200.80 724.25 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 50.00 712.25 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 543.55 712.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 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 50.00 688.25 Td (no obligation to repurchase any amount of its common stock under the program. ) Tj ET Q q 0 0 0 rg BT 376.13 688.25 Td (There were no common stock repurchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (during 2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.50 646.25 Td (EQUITY) Tj ET Q q 0 0 0 rg BT 265.58 646.25 Td ( COMPENSA) Tj ET Q q 0 0 0 rg BT 324.56 646.25 Td (TION PLANS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 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 309.10 616.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.68 616.25 Td ( concerning our compensation plans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 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 49.5 470.75 m 201.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 470.75 m 306.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 470.75 m 411.5 470.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415.5 470.75 m 561.5 470.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.80 565.43 Td (Number of Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.80 550.43 Td (Number of Securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.65 550.43 Td (Remaining) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.60 535.43 Td (to be Issued upon) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 425.05 535.43 Td (Available for Future Issuance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.60 520.43 Td (Exercise of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 321.65 520.43 Td (Weighted-Average) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.15 520.43 Td (Issuance Under Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.85 505.43 Td (Outstanding Options,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.25 505.43 Td (Exercise Price of) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.20 505.43 Td (Compensation Plans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.85 490.43 Td (Warrants, and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.10 490.43 Td (Outstanding Options) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 421.30 490.43 Td (\(Excluding Securities Reflected) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 475.43 Td (Plan Category) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 235.00 475.43 Td (Rights \(#\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 348.05 475.43 Td (\($\) \(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 437.15 475.43 Td (in the First Column\) \(#\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 460.42 Td (Equity Compensation Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 445.42 Td ( Approved by Security Holders \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.65 445.42 Td (4,605,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 445.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.15 445.42 Td (14.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.80 445.42 Td (2,895,784 \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 415.42 Td (Equity Compensation Plans Not) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 400.42 Td ( Approved by Security Holders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.65 400.43 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 352.65 400.43 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 400.43 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.25 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 50.00 354.25 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 50.00 342.25 Td (Inc. 2010 Stock Option Plan, the Bonus Recognition and Retention Program \("BRRP"\), and Customers Banorp, Inc. ) Tj ET Q q 0 0 0 rg BT 517.29 342.25 Td (Amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.25 Td (and Restated 2014 Employee Stock Purchase Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.25 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 50.00 270.25 Td (\(3\) Does not include securities available for future issuance under the BRRP) Tj ET Q q 0 0 0 rg BT 355.38 270.25 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 50.00 258.25 Td (under this plan. By its terms, the plan limits the award of restricted stock units to the amount of the cash bonuses paid to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 246.25 Td (participants in the BRRP) Tj ET Q q 0 0 0 rg BT 148.61 246.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 216.25 Td (Common Stock Performance Graph) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.25 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 50.00 186.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 186.25 Td (, to that of the total return index for the SNL) Tj ET Q q 0 0 0 rg BT 305.67 186.25 Td ( Mid-Atlantic Bank Index, SNL) Tj ET Q q 0 0 0 rg BT 432.78 186.25 Td ( U.S. Bank NASDAQ Index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.25 Td (and SNL) Tj ET Q q 0 0 0 rg BT 85.46 174.25 Td ( U.S. Bank NYSE Index, assuming an investment of $100 on December31, 2012. ) Tj ET Q q 0 0 0 rg BT 418.56 174.25 Td (The SNL) Tj ET Q q 0 0 0 rg BT 455.13 174.25 Td ( U.S. Bank NYSE Index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.25 Td (was added to the performance graph because the Bancorp changed the listing of its ) Tj ET Q q 0 0 0 rg BT 383.59 162.25 Td (V) Tj ET Q q 0 0 0 rg BT 389.52 162.25 Td (oting Common Stock to the NYSE from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.25 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 488.95 150.25 Td (, is assumed. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.25 Td (Customers Bancorp obtained the information contained in the performance graph from SNL) Tj ET Q q 0 0 0 rg BT 418.13 138.25 Td ( Financial.) Tj ET Q endstream endobj 97 0 obj <>] /Rotate 0 /Contents 98 0 R>> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (The graph below is furnished under this Part II, Item5 of this Form 10-K and shall not be deemed to be soliciting material or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (to be filed with the Commission or subject to Regulation 14A) Tj ET Q q 0 0 0 rg BT 304.97 730.10 Td ( or 14C, or to the liabilities of Section18 of the Exchange ) Tj ET Q q 0 0 0 rg BT 538.25 730.10 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (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 0 336.95 50.00 340.17 cm /I17 Do Q BT /F1 10.00 Tf ET endstream endobj 99 0 obj <>] /Rotate 0 /Contents 100 0 R>> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (Item6. ) Tj ET Q q 0 0 0 rg BT 86.00 730.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 730.25 Td (Selected Financial Data) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (Customers Bancorp, Inc. and Subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (The following table presents Customers Bancorp) Tj ET Q q 0 0 0 rg BT 248.57 694.25 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 50.00 682.25 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 293.78 682.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.36 682.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.36 682.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.36 682.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.36 682.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.36 682.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.36 682.25 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.36 682.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.30 682.25 Td (201) Tj ET Q q 0 0 0 rg BT 483.93 682.25 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.93 682.25 Td ( from its audited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (financial statements. ) Tj ET Q q 0 0 0 rg BT 134.51 670.25 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 50.00 658.25 Td (entirety by) Tj ET Q q 0 0 0 rg BT 92.39 658.25 Td (, Customers Bancorp) Tj ET Q q 0 0 0 rg BT 179.33 658.25 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 50.00 646.25 Td (elsewhere in this ) Tj ET Q q 0 0 0 rg BT 119.15 646.25 Td (Annual Report on Form 10-K. Certain amounts reported in this table have been reclassified to conform to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 634.25 Td ( presentation.) Tj ET Q q 0 0 0 rg BT 126.19 634.25 Td (These reclassifications did not significantly impact Customers' financial position or results of operations.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 597.75 196.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 597.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 597.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 597.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 597.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 597.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 597.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 597.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 597.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 597.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 568.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 568.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 568.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 568.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 568.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 568.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 568.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 568.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 568.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 568.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 538.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 538.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 538.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 538.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 538.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 538.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 538.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 538.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 538.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 538.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 508.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 508.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 508.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 508.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 508.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 508.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 508.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 508.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 508.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 508.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 478.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 478.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 478.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 478.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 478.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 478.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 478.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 478.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 478.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 478.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 448.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 448.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 448.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 448.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 448.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 448.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 448.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 448.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 448.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 448.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 408.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 408.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 408.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 408.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 408.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 408.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 408.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 408.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 408.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 408.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 378.75 196.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 378.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 378.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 378.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 378.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 378.75 188.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 349.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 349.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 349.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 349.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 349.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 349.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 349.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 349.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 349.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 349.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 319.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 319.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 319.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 319.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 319.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 319.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 319.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 319.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 319.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 319.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 289.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 289.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 289.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 289.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 289.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 289.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 289.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 289.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 289.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 289.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 259.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 259.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 259.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 259.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 259.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 259.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 259.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 259.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 259.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 259.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 229.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 229.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 229.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 229.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 229.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 229.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 229.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 199.75 196.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 199.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 199.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 199.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 199.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 199.75 188.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 170.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 170.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 170.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 170.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 170.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 170.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 170.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 170.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 170.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 170.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 140.75 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 140.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 140.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 140.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 140.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 140.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 140.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 140.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 140.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 140.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 100.75 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 100.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 100.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 100.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 100.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 100.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 100.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 100.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 100.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 100.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 70.75 196.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 70.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 70.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 70.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 70.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 70.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 70.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 70.75 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 70.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 70.75 60.00 -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 246.5 610.75 m 306.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 610.75 m 370.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 610.75 m 434.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 610.75 m 498.5 610.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 610.75 m 562.5 610.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.00 614.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.00 614.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 614.98 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 614.98 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.55 614.98 Td (2011 \(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 602.00 Td (\(dollars in thousands, except per share information\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 588.48 Td (For the Year ended December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 574.32 Td (Interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.00 573.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.50 573.43 Td (249,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 573.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 573.42 Td (190,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 573.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 573.42 Td (128,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 573.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 573.42 Td (93,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 573.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 573.42 Td (61,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 559.32 Td (Interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.50 558.43 Td (53,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 558.42 Td (38,504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 558.42 Td (24,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 558.42 Td (21,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 558.42 Td (22,464) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 544.32 Td (Net interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.50 543.43 Td (196,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 543.42 Td (151,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 543.42 Td (103,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 543.42 Td (72,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 543.42 Td (38,781) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 529.32 Td (Provision for loan losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.50 528.43 Td (20,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 528.42 Td (14,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 528.42 Td (2,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 528.42 Td (14,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 528.42 Td (7,495) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 514.32 Td (Total non-interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.50 513.43 Td (27,717) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 513.42 Td (25,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 513.42 Td (22,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 513.42 Td (28,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 513.42 Td (11,469) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 499.32 Td (Total non-interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.50 498.43 Td (114,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 498.42 Td (98,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 498.42 Td (74,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 498.42 Td (50,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 498.42 Td (36,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 484.32 Td (Income before taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.50 483.43 Td (88,495) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 483.42 Td (63,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 483.42 Td (50,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 483.42 Td (36,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 483.42 Td (5,869) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 469.32 Td (Income tax expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.50 468.43 Td (29,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 468.42 Td (20,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 468.42 Td (17,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 468.42 Td (12,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 468.42 Td (1,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 454.32 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.50 453.43 Td (58,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 453.42 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 453.42 Td (32,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 453.42 Td (23,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 453.42 Td (4,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 439.32 Td (Preferred stock dividends) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.50 438.43 Td (2,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 438.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 438.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 438.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 438.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 424.32 Td (Net income attributable to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 414.32 Td (shareholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.50 413.43 Td (56,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 413.42 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 413.42 Td (32,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 413.42 Td (23,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 413.42 Td (3,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 399.32 Td (Basic earnings per common share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 398.43 Td (2.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 398.42 Td (1.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 398.42 Td (1.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 398.42 Td (1.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 398.42 Td (0.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 384.32 Td (Diluted earnings per common share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 383.43 Td (1.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 383.42 Td (1.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 383.42 Td (1.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 383.42 Td (1.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 383.42 Td (0.35) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 369.48 Td (At Period End) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 355.32 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.00 354.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.00 354.43 Td (8,401,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 354.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.60 354.42 Td (6,825,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 354.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.60 354.42 Td (4,153,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 354.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 354.42 Td (3,201,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 354.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 354.42 Td (2,077,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 340.32 Td (Cash and cash equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.50 339.43 Td (264,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 339.42 Td (371,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 339.42 Td (233,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 339.42 Td (186,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 339.42 Td (73,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 325.32 Td (Investment securities \(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.50 324.43 Td (560,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 324.42 Td (416,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 324.42 Td (497,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 324.42 Td (129,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 324.42 Td (398,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 310.32 Td (Loans held for sale \(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.00 309.43 Td (1,797,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.60 309.42 Td (1,435,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 309.42 Td (747,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 309.42 Td (1,439,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 309.42 Td (174,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 295.32 Td (Loans receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.00 294.43 Td (5,453,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.60 294.42 Td (4,312,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.60 294.42 Td (2,465,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 294.42 Td (1,324,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 294.42 Td (1,341,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 280.32 Td (Allowance for loan losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.50 279.43 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 279.42 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 279.42 Td (23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 279.42 Td (25,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 279.42 Td (15,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 265.32 Td (FDIC loss sharing receivable \(4\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.00 264.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 264.42 Td (2,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 264.42 Td (10,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 264.42 Td (12,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 264.42 Td (13,077) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 250.32 Td (Deposits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.00 249.43 Td (5,909,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.60 249.42 Td (4,532,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.60 249.42 Td (2,959,922) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 249.42 Td (2,440,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 249.42 Td (1,583,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 235.32 Td (Borrowings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.00 234.43 Td (1,893,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.60 234.42 Td (1,816,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 234.42 Td (771,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 234.42 Td (471,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 234.42 Td (331,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 220.32 Td (Shareholders equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.50 219.43 Td (553,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 219.42 Td (443,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 219.42 Td (386,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 219.42 Td (269,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 219.42 Td (147,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 205.32 Td (Tangible common equity \(5\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 263.50 204.43 Td (494,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 204.42 Td (439,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 204.42 Td (382,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 204.42 Td (265,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 204.42 Td (144,043) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 190.48 Td (Selected Ratios and Share Data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 176.32 Td (Return on average assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 175.43 Td (0.81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 175.43 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 175.42 Td (0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 175.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 175.42 Td (0.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 175.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 175.42 Td (1.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 175.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 175.42 Td (0.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 175.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 161.32 Td (Return on average common equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.50 160.43 Td (11.82) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 160.43 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 160.42 Td (10.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 160.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 160.42 Td (9.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 160.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 160.42 Td (12.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 160.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 160.42 Td (3.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 160.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 146.32 Td (Common book value per share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.00 145.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.50 145.43 Td (18.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 145.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 145.42 Td (16.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 145.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 145.42 Td (14.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 145.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 145.42 Td (13.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 145.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 145.42 Td (11.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 131.32 Td (Tangible book value per common share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 121.32 Td (\(5\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.00 120.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.50 120.43 Td (18.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 120.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 120.42 Td (16.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 120.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 120.42 Td (14.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 120.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 120.42 Td (13.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 120.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 120.42 Td (11.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 106.32 Td (Common shares outstanding) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.00 105.43 Td 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BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 672.17 Td (10.01) 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 (Total 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 (Bank) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.50 647.18 Td (10.85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 647.18 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 647.17 Td (11.98) 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 403.15 647.17 Td (14.11) 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 (9.53) 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 (10.78) 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 (Total 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 (Bancorp) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.50 622.18 Td (10.62) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 622.18 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 622.17 Td (11.09) 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 (13.21) 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 (11.26) 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 (11.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 622.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 608.23 Td (Asset Quality) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 594.07 Td (Non-performing loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.00 593.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.50 593.18 Td (10,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 593.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 593.17 Td (11,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 593.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 593.17 Td (19,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 593.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 593.17 Td (32,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 593.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 593.17 Td (36,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 579.07 Td (Non-performing loans to total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 569.07 Td (receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 568.18 Td (0.20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 568.18 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 568.17 Td (0.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 568.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 568.17 Td (0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 568.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 568.17 Td (2.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 568.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 568.17 Td (2.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 568.17 Td (%) 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 278.50 553.17 Td (0.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 553.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 553.17 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 553.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 553.17 Td (0.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 553.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 553.17 Td (1.19) 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 536.15 553.17 Td (2.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 553.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 539.07 Td (Other real estate owned) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.00 538.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.50 538.18 Td (5,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 538.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 538.17 Td (15,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 538.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 538.17 Td (12,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 538.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 538.17 Td (8,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 538.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 538.17 Td (13,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 524.07 Td (Non-performing assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.50 523.18 Td (15,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 523.17 Td (27,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 523.17 Td (31,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 523.17 Td (40,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 523.17 Td (50,108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 509.07 Td (Non-performing assets to total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 498.18 Td (0.19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 498.18 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 498.17 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 498.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 498.17 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 498.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 498.17 Td (1.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 498.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 498.17 Td (2.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 498.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 484.07 Td (Allowance for loan losses to total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 474.07 Td (receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 473.18 Td (0.65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 473.18 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 473.17 Td (0.72) 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 (0.97) 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 (1.95) 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 (1.12) 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 non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 449.07 Td (performing loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.50 448.18 Td (330.95) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 448.18 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 448.17 Td (263.63) 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 398.15 448.17 Td (125.23) 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 467.15 448.17 Td (78.65) 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 531.15 448.17 Td (41.04) 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 (Net charge-offs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.00 433.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.50 433.18 Td (11,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 433.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 433.17 Td (3,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 433.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 433.17 Td (6,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 433.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 433.17 Td (5,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 433.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 433.17 Td (9,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 419.07 Td (Net charge-offs to average total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 409.07 Td (receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 408.18 Td (0.26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 408.18 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 408.17 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 408.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 408.17 Td (0.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 408.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 408.17 Td (0.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 408.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 408.17 Td (1.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 408.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 380.00 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 380.00 Td (On September17, 201) Tj ET Q q 0 0 0 rg BT 170.06 380.00 Td (1, Customers Bancorp completed its acquisition of Berkshire Bancorp, Inc. using the purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 368.00 Td (accounting method in accounting for the acquisition. ) Tj ET Q q 0 0 0 rg BT 293.55 368.00 Td (The purchase method provides that all transactions after the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 356.00 Td (acquisition date are reflected in the acquirers) Tj ET Q q 0 0 0 rg BT 262.39 356.00 Td ( financial accounting records.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 344.00 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 80.45 344.00 Td (Includes available-for) Tj ET Q q 0 0 0 rg BT 167.71 344.00 Td (-sale and held-to-maturity investment securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 332.00 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 80.45 332.00 Td (In 2015 and 2014, loans held for sale included $1,754,950 and $1,332,019 of mortgage warehouse loans at fair value, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 320.00 Td (respectively) Tj ET Q q 0 0 0 rg BT 128.11 320.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 308.00 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 80.45 308.00 Td (The FDIC loss sharing receivable, as of December 2015, is included in "Accrued interest payable and other liabilities" ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 296.00 Td (net of the clawback liability) Tj ET Q q 0 0 0 rg BT 191.43 296.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 284.00 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 80.45 284.00 Td (Customers) Tj ET Q q 0 0 0 rg BT 125.82 284.00 Td ( selected financial data contains non-GAAP) Tj ET Q q 0 0 0 rg BT 300.66 284.00 Td ( financial measures calculated using non-GAAP) Tj ET Q q 0 0 0 rg BT 492.73 284.00 Td ( amounts. ) Tj ET Q q 0 0 0 rg BT 533.94 284.00 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 272.00 Td (measures include tangible common equity and tangible book value per common share and tangible common equity to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 260.00 Td (tangible assets. Management uses these non-GAAP) Tj ET Q q 0 0 0 rg BT 286.15 260.00 Td ( measures to present historical periods comparable to the current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 248.00 Td (period presentation. In addition, management believes the use of these non-GAAP) Tj ET Q q 0 0 0 rg BT 409.43 248.00 Td ( measures provides additional clarity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 236.00 Td (when assessing the Bancorp) Tj ET Q q 0 0 0 rg BT 195.70 236.00 Td (s financial results and use of equity) Tj ET Q q 0 0 0 rg BT 336.13 236.00 Td (. ) Tj ET Q q 0 0 0 rg BT 340.95 236.00 Td (These disclosures should not be viewed as substitutes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 224.00 Td (for results determined to be in accordance with U.S. GAAP) Tj ET Q q 0 0 0 rg BT 317.33 224.00 Td (, nor are they necessarily comparable to non-GAAP) Tj ET Q q 0 0 0 rg BT 524.12 224.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 212.00 Td (performance measures that may be presented by other entities. Customers Bancorp calculates tangible common equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 200.00 Td (by excluding intangible assets from total shareholders) Tj ET Q q 0 0 0 rg BT 298.54 200.00 Td ( equity) Tj ET Q q 0 0 0 rg BT 325.39 200.00 Td (. ) Tj ET Q q 0 0 0 rg BT 330.21 200.00 Td (T) Tj ET Q q 0 0 0 rg BT 335.62 200.00 Td (angible book value per common share equals tangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 188.00 Td (common equity divided by common shares outstanding.) Tj ET Q endstream endobj 103 0 obj <>] /Rotate 0 /Contents 104 0 R>> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 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 50.50 691.20 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 691.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 691.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 691.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 691.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 691.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 691.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 691.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 691.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 691.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 661.20 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 661.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 661.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 661.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 661.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 661.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 661.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 661.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 661.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 661.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 631.20 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 631.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 631.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 631.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 631.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 631.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 631.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 631.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 631.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 631.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 601.20 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 601.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 601.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 601.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 601.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 601.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 601.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 601.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 601.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 601.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 571.20 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 571.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 571.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 571.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 571.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 571.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 571.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 571.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 571.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 571.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 541.20 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 541.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 541.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 541.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 541.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 541.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 541.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 541.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 541.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 541.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 511.20 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 245.50 511.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 511.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 511.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 511.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 511.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 511.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 511.20 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 511.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 511.20 62.00 -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 245.5 704.2 m 307.5 704.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 704.2 m 373.5 704.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 704.2 m 439.5 704.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 704.2 m 505.5 704.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 704.2 m 571.5 704.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 646.2 m 307.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 646.2 m 373.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 646.2 m 439.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 646.2 m 505.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 646.2 m 571.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 632.2 m 307.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 630.2 m 307.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 646.2 m 373.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 632.2 m 373.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 630.2 m 373.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 646.2 m 439.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 632.2 m 439.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 630.2 m 439.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 646.2 m 505.5 646.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 632.2 m 505.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 630.2 m 505.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 632.2 m 571.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 630.2 m 571.5 630.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 586.2 m 373.5 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 586.2 m 439.5 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 586.2 m 505.5 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 586.2 m 571.5 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 586.2 m 307.5 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 572.2 m 307.5 572.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 570.2 m 307.5 570.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 572.2 m 373.5 572.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 570.2 m 373.5 570.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 572.2 m 439.5 572.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 570.2 m 439.5 570.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 572.2 m 505.5 572.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 570.2 m 505.5 570.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 572.2 m 571.5 572.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 570.2 m 571.5 570.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 570.2 m 307.5 570.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 572.2 m 307.5 572.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245.5 541.2 m 307.5 541.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 541.2 m 373.5 541.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 541.2 m 439.5 541.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 541.2 m 505.5 541.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 541.2 m 571.5 541.2 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.00 708.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 334.00 708.43 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.00 708.43 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.00 708.43 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.20 708.43 Td (2011) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 695.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.25 695.43 Td (\(in thousands, except per share data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 681.77 Td (Shareholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 680.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.15 680.87 Td (553,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 680.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 680.87 Td (443,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 680.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 680.87 Td (386,623) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 680.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 680.87 Td (269,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 680.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 680.87 Td (147,748) 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 272.80 665.87 Td (\(3,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 665.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.80 665.92 Td (\(3,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 665.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 665.92 Td (\(3,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 665.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 665.92 Td (\(3,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 665.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 665.87 Td (\(3,705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 665.87 Td (\)) 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 267.80 650.87 Td (\(55,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 650.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.65 650.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 650.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 650.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 650.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 636.77 Td (Tangible common equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 635.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.15 635.87 Td (494,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 635.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 635.87 Td (439,481) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 635.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 635.87 Td (382,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 635.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 635.87 Td (265,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 635.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 635.87 Td (144,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.77 Td (Shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.15 620.87 Td (26,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 620.87 Td (26,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 620.87 Td (26,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 620.87 Td (20,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 620.87 Td (12,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 606.77 Td (Common book value per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 605.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 605.87 Td (18.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 605.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 605.87 Td (16.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 605.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 605.87 Td (14.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 605.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 605.87 Td (13.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 605.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 605.87 Td (11.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 591.77 Td (Less: effect of excluding intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.80 590.87 Td (\(0.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 590.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.80 590.92 Td (\(0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 590.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.80 590.92 Td (\(0.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 590.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.80 590.92 Td (\(0.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 590.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 590.87 Td (\(0.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 590.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 576.77 Td (Common tangible book value per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 575.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.15 575.87 Td (18.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 575.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 575.87 Td (16.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 575.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 575.87 Td (14.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 575.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 575.87 Td (13.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 575.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 575.87 Td (11.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 561.77 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 560.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.60 560.87 Td (8,401,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 560.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.60 560.87 Td (6,825,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 560.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 560.87 Td (4,153,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 560.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.60 560.87 Td (3,201,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 560.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 560.87 Td (2,077,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 546.77 Td (Less: intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.80 545.87 Td (\(3,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 545.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.80 545.92 Td (\(3,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 545.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 545.92 Td (\(3,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 545.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.80 545.92 Td (\(3,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 545.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 545.87 Td (\(3,705) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 545.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 531.77 Td (Total tangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.00 530.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.60 530.87 Td (8,397,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 530.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.60 530.87 Td (6,821,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.00 530.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.60 530.87 Td (4,149,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 530.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.60 530.87 Td (3,197,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 530.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.60 530.87 Td (2,073,827) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 501.77 Td (Equity to assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 500.87 Td (6.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 500.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 500.87 Td (6.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 500.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 500.87 Td (9.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 500.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 500.87 Td (8.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 500.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 500.87 Td (7.11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 500.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 486.77 Td (Tangible common equity to tangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.15 485.87 Td (5.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 485.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 485.87 Td (6.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 485.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 485.87 Td (9.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 485.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 485.87 Td (8.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 485.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 485.87 Td (6.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 485.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 105 0 obj <>] /Rotate 0 /Contents 106 0 R>> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (51) 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 (Y) Tj ET Q q 0 0 0 rg BT 54.64 724.25 Td (ou should r) Tj ET Q q 0 0 0 rg BT 99.83 724.25 Td (ead this Management's Discussion and ) Tj ET Q q 0 0 0 rg BT 258.17 724.25 Td (Analysis 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 December31, 2015. 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 2014 and 2013 financial statements have been r) Tj ET Q q 0 0 0 rg BT 303.11 700.25 Td (eclassified to conform to the 2015 pr) Tj ET Q q 0 0 0 rg BT 449.94 700.25 Td (esentation.These ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (r) Tj ET Q q 0 0 0 rg BT 53.52 688.25 Td (eclassifications did not significantly impact Customers' financial position or r) Tj ET Q q 0 0 0 rg BT 365.00 688.25 Td (esults of operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 658.25 Td (Accounting Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 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 50.00 628.25 Td (the United States of ) Tj ET Q q 0 0 0 rg BT 131.10 628.25 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 50.00 616.25 Td (preparation of its financial statements.Customers' significant accounting policies are described in NOTE 3 - SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 552.60 616.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 164.45 604.25 Td (AND BASIS OF PRESENT) Tj ET Q q 0 0 0 rg BT 277.28 604.25 Td (A) Tj ET Q q 0 0 0 rg BT 283.39 604.25 Td (TION to its audited financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 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 50.00 568.25 Td (carrying value of certain assets and liabilities.Customers considers these accounting policies to be critical accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (policies.) Tj ET Q q 0 0 0 rg BT 85.92 556.25 Td (The judgment and assumptions used are based on historical experience and other factors, which are believed to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (reasonable under the circumstances.Because of the nature of the judgments and assumptions management makes, actual results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (could dif) Tj ET Q q 0 0 0 rg BT 85.64 532.25 Td (fer from these judgments and estimates, which could have a material impact on the carrying values of Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (assets and liabilities and results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (The following is a summary of the policies Customers recognizes as involving critical accounting estimates: ) Tj ET Q q 0 0 0 rg BT 485.18 496.25 Td (Allowance for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (Loan Losses, Stock-Based Compensation, Unrealized Gains and Losses on ) Tj ET Q q 0 0 0 rg BT 351.89 484.25 Td (A) Tj ET Q q 0 0 0 rg BT 358.37 484.25 Td (vailable for Sale Securities, Fair ) Tj ET Q q 0 0 0 rg BT 489.26 484.25 Td (V) Tj ET Q q 0 0 0 rg BT 495.37 484.25 Td (alue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (Accounting, ) Tj ET Q q 0 0 0 rg BT 101.10 472.25 Td (Accounting for Purchased-Credit-Impaired \(PCI\) Loans, FDIC Loss Sharing Receivable and Clawback Liability) Tj ET Q q 0 0 0 rg BT 550.34 472.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (and Deferred Income ) Tj ET Q q 0 0 0 rg BT 137.27 460.25 Td (T) Tj ET Q q 0 0 0 rg BT 142.68 460.25 Td (axes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (Allowance for Loan Losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.12 436.25 Td (Customers maintains an allowance for loan losses at a level management believes is suf) Tj ET Q q 0 0 0 rg BT 514.17 436.25 Td (ficient to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (absorb estimated credit losses incurred as of the report date.Management) Tj ET Q q 0 0 0 rg BT 346.84 424.25 Td (s determination of the adequacy of the allowance is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (based on periodic evaluations of the loan portfolio and other relevant factors. However) Tj ET Q q 0 0 0 rg BT 396.98 412.25 Td (, this evaluation is inherently subjective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (as it requires 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 50.00 388.25 Td (including historical losses, peer and industry data, current economic conditions, the size and composition of the loan portfolio, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (delinquency statistics, criticized and classified assets and impaired loans, results of internal loan reviews, borrowers) Tj ET Q q 0 0 0 rg BT 516.06 376.25 Td ( perceived ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (financial and management strengths, the adequacy of underlying collateral, the dependence on collateral, or the strength of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (present value of future cash flows and other relevant factors.) Tj ET Q q 0 0 0 rg BT 294.44 352.25 Td (These factors may be susceptible to significant change.) Tj ET Q q 0 0 0 rg BT 517.24 352.25 Td (T) Tj ET Q q 0 0 0 rg BT 522.65 352.25 Td (o the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (extent actual outcomes dif) Tj ET Q q 0 0 0 rg BT 155.06 340.25 Td (fer from management estimates, additional provisions for loan losses may be required which may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (adversely af) Tj ET Q q 0 0 0 rg BT 98.40 328.25 Td (fect Customers' results of operations in the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (Subsequent to acquisition of purchased-credit-impaired loans, estimates of cash flows expected to be collected are updated each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (reporting period based on updated assumptions regarding default rates, loss severities, and other factors that are reflective of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (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 50.00 268.25 Td (Subsequent increases in expected cash flows 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 534.95 268.25 Td (ges.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (Stock-Based Compensation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.20 244.25 Td (Customers recognizes compensation expense for share-based awards in accordance with ) Tj ET Q q 0 0 0 rg BT 520.13 244.25 Td (ASC 718 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (Compensation Stock Compensation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.21 232.25 Td ( Expense related to stock option awards is based on the fair value of the option at the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (grant date, with compensation expense recognized over the service period, which is usually the vesting period.For performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (based awards, compensation cost is recognized over the vesting period as long as it remains probable that the performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (conditions will be met. If the service or performance conditions are not met, Customers reverses previously recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (compensation expense upon forfeiture. Customers utilizes the Black-Scholes option-pricing model to estimate the fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (each option on the date of grant.) Tj ET Q q 0 0 0 rg BT 181.44 172.25 Td (The Black-Scholes model takes into consideration the exercise price of the option, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (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 425.34 160.25 Td (, expected dividends on the stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.25 Td (and the current risk-free interest rate for the expected life of the option. Customers' estimate of the fair value of a stock option ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (is based on expectations derived from its limited historical experience and may not necessarily equate to market value when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (fully vested.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (Unr) Tj ET Q q 0 0 0 rg BT 65.74 100.25 Td (ealized Gains and Losses on Securities ) Tj ET Q q 0 0 0 rg BT 223.89 100.25 Td (A) Tj ET Q q 0 0 0 rg BT 229.44 100.25 Td (vailable for Sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.04 100.25 Td (Customers receives estimated fair values of debt securities from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.25 Td (independent valuation services and brokers.In developing these fair values, the valuation services and brokers use estimates of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (cash flows based on historical performance of similar instruments in similar rate environments.Debt securities available for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (sale consist primarily of mortgage-backed securities issued byU.S. government-sponsored agencies.Customers uses various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (indicators in determining whether a security is other) Tj ET Q q 0 0 0 rg BT 258.35 52.25 Td (-than-temporarily impaired including, for debt securities, when it is ) Tj ET Q endstream endobj 107 0 obj <>] /Rotate 0 /Contents 108 0 R>> endobj 108 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 50.00 742.10 Td (probable that the contractual interest and principal will not be collected, or for equity securities, whether the market value is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (below its cost for an extended period of time with low expectation of recovery) Tj ET Q q 0 0 0 rg BT 362.86 730.10 Td (.) Tj ET Q q 0 0 0 rg BT 367.68 730.10 Td (The debt securities are monitored for changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (credit ratings because adverse changes in credit ratings could indicate a change in the estimated cash flows of the underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (collateral or issuer) Tj ET Q q 0 0 0 rg BT 123.31 706.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (For marketable equity securities, Customers considers the issuer) Tj ET Q q 0 0 0 rg BT 307.53 682.10 Td () Tj ET Q q 0 0 0 rg BT 310.31 682.10 Td (s financial condition, capital strength and near term prospects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (to determine whether an impairment is temporary or other) Tj ET Q q 0 0 0 rg BT 281.94 670.10 Td (-than-temporary) Tj ET Q q 0 0 0 rg BT 346.26 670.10 Td (. Customers also considers the volatility of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (security) Tj ET Q q 0 0 0 rg BT 84.43 658.10 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 50.00 646.10 Td (sheet date. If management determines that the impairment is other) Tj ET Q q 0 0 0 rg BT 314.15 646.10 Td (-than-temporary) Tj ET Q q 0 0 0 rg BT 378.47 646.10 Td (, the entire amount of the impairment as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 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 477.16 634.10 Td (The fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 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 50.00 598.10 Td (The unrealized losses associated with available-for) Tj ET Q q 0 0 0 rg BT 253.33 598.10 Td (-sale debt securities were not considered to be other) Tj ET Q q 0 0 0 rg BT 460.27 598.10 Td (-than-temporarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (impaired as of December31, 2015 and 2014 because the unrealized losses were related to changes in interest rates and did not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 574.10 Td (fect the expected cash flows of the underlying collateral or issuer) Tj ET Q q 0 0 0 rg BT 317.49 574.10 Td (. ) Tj ET Q q 0 0 0 rg BT 322.31 574.10 Td (The unrealized losses associated with the equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (investments were also not considered other) Tj ET Q q 0 0 0 rg BT 222.25 562.10 Td (-than-temporarily impaired as of December31, 2015 and 2014. Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (concluded that the decline in fair value was temporary and would recover by way of increases in market price or positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (changes in foreign currency exchange rates.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Fair V) Tj ET Q q 0 0 0 rg BT 75.28 514.10 Td (alue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 514.10 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 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (transaction between market participants, other than in a forced or liquidation sale as of the measurement date \(also referred to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (as an exit price\). Management estimates the fair value of a financial instrument using a variety of valuation methods. ) Tj ET Q q 0 0 0 rg BT 519.38 490.10 Td (When ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (financial 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 533.78 478.10 Td (When ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (the 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 50.00 454.10 Td (characteristics, may be used, if available, to determine fair value. ) Tj ET Q q 0 0 0 rg BT 312.48 454.10 Td (When observable market prices do not exist, Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (estimates fair value using unobservable data. ) Tj ET Q q 0 0 0 rg BT 231.70 442.10 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 50.00 430.10 Td (assets or liabilities, rates of estimated credit losses, interest rate or discount rate and collateral. ) Tj ET Q q 0 0 0 rg BT 429.14 430.10 Td (The best estimate of fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 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 50.00 406.10 Td (recovery rates, credit ratings, current delinquency rates, loan-to-value ratios and the possibility of obligor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (refinancing.U.S.GAAP) Tj ET Q q 0 0 0 rg BT 147.67 394.10 Td ( requires the use of fair values in determining the carrying values of certain assets and liabilities, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (well as for specific disclosures.) Tj ET Q q 0 0 0 rg BT 177.56 382.10 Td (The most significant uses of fair values include residential mortgage loans acquired subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (an agreement to resell, residential mortgage loans originated with an intent to sell, available-for) Tj ET Q q 0 0 0 rg BT 431.61 370.10 Td (-sale investment securities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (derivative assets and liabilities, impaired loans and foreclosed property and the net assets acquired in business combinations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (For additional information, refer to NOTE19 DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 315.52 346.10 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 349.79 346.10 Td ( F) Tj ET Q q 0 0 0 rg BT 357.10 346.10 Td (AIR ) Tj ET Q q 0 0 0 rg BT 376.65 346.10 Td (V) Tj ET Q q 0 0 0 rg BT 382.58 346.10 Td (ALUE OF FINANCIAL) Tj ET Q q 0 0 0 rg BT 480.54 346.10 Td ( INSTRUMENTS.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 64.63 316.10 Td (chased Cr) Tj ET Q q 0 0 0 rg BT 105.09 316.10 Td (edit-Impair) Tj ET Q q 0 0 0 rg BT 150.26 316.10 Td (ed Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (For certain acquired loans that have experienced a deterioration of credit quality) Tj ET Q q 0 0 0 rg BT 370.04 298.10 Td (, Customers follows the guidance contained in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (ASC310-30, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 105.28 286.10 Td (Loans and Debt Securities ) Tj ET Q q 0 0 0 rg BT 213.43 286.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 240.27 286.10 Td (ed with Deteriorated Cr) Tj ET Q q 0 0 0 rg BT 336.28 286.10 Td (edit Quality) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.77 286.10 Td (. Purchased credit-impaired loans are loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 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 50.00 262.10 Td (date acquired and for which it is probable that all contractually required payments will not be collected are considered to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (credit impaired. Evidence of credit quality deterioration as of purchase dates may include information such as past-due and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (non-accrual status, borrower credit scores and recent loan to value percentages. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 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 439.09 214.10 Td (ference and, if appropriate, an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (accretable yield. ) Tj ET Q q 0 0 0 rg BT 117.83 202.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 146.81 202.10 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 50.00 190.10 Td (collected at acquisition is the nonaccretable dif) Tj ET Q q 0 0 0 rg BT 237.52 190.10 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 50.00 178.10 Td (Subsequent decreases in the estimated cash flows of the loan will generally result in a provision for loan losses. Subsequent to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 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 50.00 154.10 Td (regarding default rates, loss severities, and other factors that are reflective of current market conditions. Subsequent increases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (in cash flows 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 409.17 142.10 Td (ges, or a reclassification of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 130.10 Td (ference from 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 543.66 130.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (any excess of cash flows expected at the time of acquisition over the estimated fair value is referred to as the accretable yield ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (and is recognized in interest income over the remaining life of the loan when there is a reasonable expectation about the amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (and timing of those cash flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 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 58.10 Td (characteristics. ) Tj ET Q q 0 0 0 rg BT 111.64 58.10 Td (A) Tj ET Q q 0 0 0 rg BT 118.31 58.10 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 46.10 Td (of cash flows. On a quarterly basis, the Bank re-estimates the total cash flows \(both principal and interest\) expected to be ) Tj ET Q endstream endobj 109 0 obj <>] /Rotate 0 /Contents 110 0 R>> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (collected over the remaining life of each pool. ) Tj ET Q q 0 0 0 rg BT 236.68 742.10 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 50.00 730.10 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 50.00 718.10 Td (amounts of expected cash flows on purchased-credit-impaired loans were determined not to be reasonably estimable, no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (interest would be accreted and the loans would be reported as non-accrual loans; however) Tj ET Q q 0 0 0 rg BT 408.63 706.10 Td (, when the timing and amounts of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (expected cash flows for purchased-credit-impaired loans are reasonably estimable, interest is being accreted and the loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (being reported as performing loans. Char) Tj ET Q q 0 0 0 rg BT 214.21 682.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 235.13 682.10 Td (fs are not recorded on purchased-credit-impaired loans until actual losses exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (the estimated losses that were recorded as purchase accounting adjustments at acquisition date.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (FDIC Loss Sharing Receivable and Clawback Liability for Loss Shar) Tj ET Q q 0 0 0 rg BT 327.12 646.10 Td (e ) Tj ET Q q 0 0 0 rg BT 333.88 646.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 348.51 646.10 Td (eements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.22 646.10 Td () Tj ET Q q 0 0 0 rg BT 385.54 646.10 Td (The majority of the loans and other real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (estate assets acquired in an FDIC-assisted acquisition is covered under loss share agreements with the FDIC in which the FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (has agreed to reimburse the Bank for 80% of all losses incurred in connection with those assets.Management estimated the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (amount that the Bank will receive from the FDIC under the loss share agreements that will result from losses incurred as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Bank disposes of covered loans and other real estate assets and records the estimate as a receivable from the FDIC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (The FDIC loss sharing receivable is measured separately from the related covered assets because it is not contractually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (embedded in the assets and is not transferable if the assets are sold.Management estimated the fair value of the FDIC loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (sharing receivable using the present value of cash flows related to the loss share agreements based on the expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (reimbursements for losses and the applicable loss share percentages.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (The FDIC loss sharing receivable is reviewed quarterly and adjusted for changes in expected cash flows based on recent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (performance and expectations for future performance of the covered portfolio. ) Tj ET Q q 0 0 0 rg BT 365.51 502.10 Td (These adjustments are measured on the same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (basis as the related covered loans and covered other real estate owned. Increases in estimated cash flows on the covered assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (will reduce the FDIC loss sharing receivable and decreases in estimated cash flows on the covered assets will increase the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (FDIC loss sharing receivable. Increases to the FDIC loss sharing receivable resulting from reduced cash flow estimates on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (covered loans are recorded as a reduction to the provision for loan losses and decreases to the FDIC loss sharing receivable are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (recorded either as an increase to the provision for loan losses \(to the extent an increase in the FDIC receivable balance was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (previously recorded as a reduction to the provision for loan losses\) or recognized over the life of the loss share agreements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Decreases in the valuations of covered other real estate owned are recorded net of the FDIC receivable balance resulting from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (the valuation allowance 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 50.00 382.10 Td (The FDIC loss sharing receivable balance will be reduced through a char) Tj ET Q q 0 0 0 rg BT 341.66 382.10 Td (ge to the provision for loan losses, with no of) Tj ET Q q 0 0 0 rg BT 522.56 382.10 Td (fsetting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (reduction to the allowance for loan losses, as the period to submit losses under the FDIC loss sharing agreements approaches ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (expiration and the estimated losses in the covered loans have not yet emer) Tj ET Q q 0 0 0 rg BT 345.83 358.10 Td (ged or been realized in a final disposition event. ) Tj ET Q q 0 0 0 rg BT 540.03 358.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (period to submit losses under the FDIC loss sharing agreements for non-single family loans expired in third quarter 2015. ) Tj ET Q q 0 0 0 rg BT 538.62 346.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (period to submit losses under the FDIC loss sharing agreements for single family loans expires in third quarter 2017. ) Tj ET Q q 0 0 0 rg BT 519.18 334.10 Td (The final ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (maturity of the FDIC loss sharing agreements occurs in third quarter 2020.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (As part of the FDIC loss sharing agreements, the Bank also assumed a 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 50.00 286.10 Td (maturity or termination of the loss sharing agreements that is contingent upon actual losses incurred over the life of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (agreements relative to expected losses and the consideration paid upon acquisition of the failed institutions \("the Clawback ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Liability\). Due to cash received on the covered assets in excess of the original expectations of the FDIC, the Bank anticipates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (that it will be required to pay the FDIC at the end of its loss sharing agreements. ) Tj ET Q q 0 0 0 rg BT 375.21 250.10 Td (As of December 31, 2015, a clawback liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 238.10 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.72 238.10 Td ( has been recorded. ) Tj ET Q q 0 0 0 rg BT 189.22 238.10 Td (T) Tj ET Q q 0 0 0 rg BT 194.63 238.10 Td (o the extent actual losses on the covered assets are less than estimated losses, the clawback ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (liability will increase. ) Tj ET Q q 0 0 0 rg BT 139.24 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 144.65 226.10 Td (o the extent actual losses on the covered assets are more than the estimated losses, the clawback liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (will decrease. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (The Bank presents the FDIC loss sharing receivable balance, net of the estimated clawback liability on the consolidated balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 77.50 178.10 Td (As of December 31, 2015, the Bank expected to collect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.31 178.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.20 178.10 Td ( from the FDIC for estimated losses and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (reimbursement of external costs, such as legal fees, real estate taxes and appraisal expenses, and estimated the clawback ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (liability due to the FDIC in 2020 at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.32 154.10 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.21 154.10 Td (. ) Tj ET Q q 0 0 0 rg BT 247.03 154.10 Td (The net amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.12 154.10 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.01 154.10 Td ( is included in "Accrued interest payable and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (other liabilities " in the accompanying consolidated balance sheet.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (Deferr) Tj ET Q q 0 0 0 rg BT 76.29 118.10 Td (ed Income T) Tj ET Q q 0 0 0 rg BT 124.80 118.10 Td (axes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.07 118.10 Td (Customers provides for deferred income taxes on the liability method whereby tax assets are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (recognized for deductible temporary dif) Tj ET Q q 0 0 0 rg BT 209.19 106.10 Td (ferences and deferred tax liabilities are recognized for taxable temporary dif) Tj ET Q q 0 0 0 rg BT 513.30 106.10 Td (ferences. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 94.10 Td (emporary dif) Tj ET Q q 0 0 0 rg BT 107.15 94.10 Td (ferences are the dif) Tj ET Q q 0 0 0 rg BT 183.31 94.10 Td (ferences between the reported amounts of assets and liabilities in the financial statements and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (their tax basis. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (than not that some portion or all of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (for the ef) Tj ET Q q 0 0 0 rg BT 86.46 58.10 Td (fects of changes in tax laws and rates on the date of enactment.) Tj ET Q endstream endobj 111 0 obj <>] /Rotate 0 /Contents 112 0 R>> endobj 112 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 50.00 742.25 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.25 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 50.00 709.25 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 50.00 697.25 Td (deposits, on which it pays interest.Consequently) Tj ET Q q 0 0 0 rg BT 244.88 697.25 Td (, one of the key measures of Customers' success is its amount of net interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (income, or the dif) Tj ET Q q 0 0 0 rg BT 120.91 685.25 Td (ference between the income on its interest-earning assets and the expense on its interest-bearing liabilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (such as deposits and borrowings.) Tj ET Q q 0 0 0 rg BT 183.88 673.25 Td (Another key measure is the spread between the yield earned on these interest-earning assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (and the rate paid on these interest-bearing liabilities, which is referred to as net interest spread.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 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 50.00 625.25 Td (existing loans that may become uncollectible.Customers maintains this allowance by char) Tj ET Q q 0 0 0 rg BT 411.39 625.25 Td (ging a provision for loan losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 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 50.00 601.25 Td (its allowance for loan losses.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (2016 Economic Outlook) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 537.05 Td (U.S. Real GDP) Tj ET Q q 0 0 0 rg BT 110.74 537.05 Td ( is forecasted to grow 2.5% to 3.0% during 2016. ) Tj ET Q q 0 0 0 rg BT 312.19 537.05 Td (The economy is expected to remain divided in two during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 525.05 Td (2016. Sectors tied closely to the domestic economy should fare better than those sectors that are more closely tied to the global ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 513.05 Td (economy) Tj ET Q q 0 0 0 rg BT 86.01 513.05 Td (. Domestic demand is expected to grow during 2016 partly due to non-farm payroll growth averaging approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 501.05 Td ($190,000 per month and that the unemployment rate will continue to trend lower during 2016, ending the year at 4.6%. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 480.05 Td (While inflation has remained below the Federal Reserve's tar) Tj ET Q q 0 0 0 rg BT 293.75 480.05 Td (get of 2%, as measured by both the CPI and PCE deflator) Tj ET Q q 0 0 0 rg BT 523.31 480.05 Td (, many ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 468.05 Td (economists feel that this has been the ef) Tj ET Q q 0 0 0 rg BT 208.94 468.05 Td (fect of lower) Tj ET Q q 0 0 0 rg BT 259.82 468.05 Td (-than-expected commodity prices around the world, led by oil. Once ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.05 Td (ener) Tj ET Q q 0 0 0 rg BT 67.03 456.05 Td (gy prices normalize sometime in 2016, upward pressure will be applied to both the CPI and PCE deflator likely resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.05 Td (in higher prices for businesses and consumers, it is expected that the Federal Reserve to act on an overheating U.S. economy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.05 Td (by increasing the overnight interest rate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 411.05 Td (Since lift of) Tj ET Q q 0 0 0 rg BT 101.47 411.05 Td (f in mid-December 2015, it is expected that the Federal Reserve will continue to raise the overnight interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 399.05 Td (two to four more times throughout 2016. ) Tj ET Q q 0 0 0 rg BT 217.86 399.05 Td (The Federal Reserve has made it clear that any future interest rate hike will be data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.05 Td (dependent. For these interest rate hikes to happen, the CPI and PCE deflator will need to approach the Federal Reserve's 2% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.05 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 375.05 Td (get and employment will need to improve or at least retain recent positive trends.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.05 Td (While the outlook in the U.S. remains optimistic, fears of a continued slowdown in the rest of the world could have a negative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.05 Td (impact on the U.S. economy) Tj ET Q q 0 0 0 rg BT 163.22 342.05 Td (. ) Tj ET Q q 0 0 0 rg BT 168.04 342.05 Td (While the rest of the world continues to take steps to increase growth, the U.S. continues to churn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.05 Td (along in a positive direction. In Customers' market area, management sees continued moderate \(2.0% to 3.0%\) growth in 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.05 Td (the housing market continuing to improve and unemployment improving or at least remaining at current levels during the year) Tj ET Q q 0 0 0 rg BT 554.87 318.05 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.05 Td (Management is seeing improvement in loan demand in Customers' commercial and industrial, multi-family and commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.05 Td (real estate loan portfolios. ) Tj ET Q q 0 0 0 rg BT 156.17 294.05 Td (There continues to be some uncertainty in the political and external environments in 2016 as the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 282.05 Td (presidential election looms, and it is likely that these challenging conditions will continue over the next few years. Overall, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 270.05 Td (Customers' management is optimistic that 2016 will show a continuation of the improving economic environment experienced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.05 Td (in 2015.) Tj ET Q endstream endobj 113 0 obj <>] /Rotate 0 /Contents 114 0 R>> endobj 114 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (55) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (The following discussion of Customers Bancorp) Tj ET Q q 0 0 0 rg BT 246.37 724.25 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 50.00 712.25 Td (consolidated financial statements, including the accompanying notes. ) Tj ET Q q 0 0 0 rg BT 329.09 712.25 Td (Also see CRITICAL) Tj ET Q q 0 0 0 rg BT 415.93 712.25 Td ( ) Tj ET Q q 0 0 0 rg BT 417.88 712.25 Td (ACCOUNTING POLICIES and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (NOTE3 - SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 159.53 700.25 Td ( ) Tj ET Q q 0 0 0 rg BT 161.47 700.25 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 275.92 700.25 Td (AND BASIS OF PRESENT) Tj ET Q q 0 0 0 rg BT 388.75 700.25 Td (A) Tj ET Q q 0 0 0 rg BT 394.87 700.25 Td (TION for information concerning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (certain significant accounting policies and estimates applied in determining reported results of operations.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 658.25 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 658.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 658.25 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (Net income available to common shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.27 640.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.03 640.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.53 640.25 Td ($12.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.42 640.25 Td ( , or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.75 640.25 Td (29.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.58 640.25 Td (,to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.86 640.25 Td ($56.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.75 640.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 628.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.79 628.25 Td ($43.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.68 628.25 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.14 628.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.72 628.25 Td (. ) Tj ET Q q 0 0 0 rg BT 400.54 628.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.59 628.25 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.34 628.25 Td ( net income resulted from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (increases in net interest income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.84 616.25 Td ($44.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.73 616.25 Td ( and non-interest income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.20 616.25 Td ($2.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.09 616.25 Td (, partly of) Tj ET Q q 0 0 0 rg BT 443.06 616.25 Td (fset by increases in provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (for loan losses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.10 604.25 Td ($5.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.99 604.25 Td (, non-interest expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.79 604.25 Td ($16.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.68 604.25 Td (, tax expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.94 604.25 Td ($9.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.83 604.25 Td (, and the accrual of preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (stock dividends of $2.5 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (Net interest income increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.06 568.25 Td ($44.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.95 568.25 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.78 568.25 Td (29.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.61 568.25 Td (, for the year ended December 31, 2015 to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.93 568.25 Td ($196.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.83 568.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td ($151.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 556.25 Td ( for the year ended December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 272.26 556.25 Td (The increase in net interest income was driven by an increase in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (average balance of loans and securities of $1.6 billion, from $5.0 billion in 2014 to $6.7 billion in 2015, of) Tj ET Q q 0 0 0 rg BT 475.85 544.25 Td (fset in part by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (decline in the net interest mar) Tj ET Q q 0 0 0 rg BT 168.38 532.25 Td (gin \(tax equivalent\) of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.02 532.25 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.02 532.25 Td ( basis points \(from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.24 532.25 Td (2.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.74 532.25 Td (% in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.84 532.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.84 532.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.62 532.25 Td (2.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.12 532.25 Td (% in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.23 532.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.23 532.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 482.88 532.25 Td (The net mar) Tj ET Q q 0 0 0 rg BT 531.01 532.25 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (decrease was lar) Tj ET Q q 0 0 0 rg BT 115.33 520.25 Td (gely a result of the growth in the lower yielding mortgage warehouse portfolio. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (The provision for loan losses increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.85 496.25 Td ($5.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.74 496.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.52 496.25 Td ($20.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.41 496.25 Td ( for the year ended December 31, 2015, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.66 496.25 Td ($14.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 484.25 Td ( for the same period in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.64 484.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.64 484.25 Td (. ) Tj ET Q q 0 0 0 rg BT 196.46 484.25 Td (The increase in the provision for loan losses during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.91 484.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.91 484.25 Td ( was primarily attributable to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (provision expense of $9.0 million for the fraudulent loan identified by Customers in July 2015. $5.3 million of the loan was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 460.25 Td (ged of) Tj ET Q q 0 0 0 rg BT 92.11 460.25 Td (f in third quarter 2015 and the residual balance of $3.7 million was char) Tj ET Q q 0 0 0 rg BT 379.07 460.25 Td (ged of) Tj ET Q q 0 0 0 rg BT 404.16 460.25 Td (f in fourth quarter 2015. Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (will continue its ef) Tj ET Q q 0 0 0 rg BT 124.53 448.25 Td (forts to collect the loan balance and is optimistic about a future recovery) Tj ET Q q 0 0 0 rg BT 413.22 448.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (Non-interest income increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.67 424.25 Td ($2.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.56 424.25 Td (, or 10.3% during the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.72 424.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.72 424.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 424.25 Td ($27.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.39 424.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td ($25.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 412.25 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.94 412.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.94 412.25 Td (. ) Tj ET Q q 0 0 0 rg BT 264.76 412.25 Td (The increase resulted primarily from a benefit received on a bank-owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (life insurance policy of $2.4 million, higher mortgage warehouse transactional fees driven by increased transaction volume and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (an increase in the gain on sale of loans, of) Tj ET Q q 0 0 0 rg BT 217.54 388.25 Td (fset in part by gains realized from sales of investment securities of $3.2 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.25 Td (2014 compared to a loss of $0.1 million in 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (Non-interest expense increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.45 352.25 Td ($16.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.34 352.25 Td (, or 16.2%, during the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.99 352.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.99 352.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.77 352.25 Td ($1) Tj ET Q q 0 0 0 rg BT 468.40 352.25 Td (14.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.29 352.25 Td (, compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 340.25 Td ($98.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.17 340.25 Td ( during the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.66 340.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.66 340.25 Td (. ) Tj ET Q q 0 0 0 rg BT 289.48 340.25 Td (The increases in salaries and employee benefits of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.23 340.25 Td ($12.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.13 340.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (professional services of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.41 328.25 Td ($3.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.31 328.25 Td (, and technology of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.01 328.25 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.90 328.25 Td ( resulted from growth of Customers' business, which has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (required additional team members, services, and support. ) Tj ET Q q 0 0 0 rg BT 283.36 316.25 Td (These increases were of) Tj ET Q q 0 0 0 rg BT 378.96 316.25 Td (fset in part by decreased assessments and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (regulatory fees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.02 304.25 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.91 304.25 Td ( related primarily to an adjustment in the Pennsylvania shares tax expense and reduced loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (workout expenses of $0.6 million resulting from lower levels of non-performing loans and recoveries of prior expenses on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (resolved loans during the year) Tj ET Q q 0 0 0 rg BT 169.97 280.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (Income tax expense increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.16 256.25 Td ($9.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.05 256.25 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.10 256.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.10 256.25 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.88 256.25 Td ($29.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.77 256.25 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.97 256.25 Td ($20.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.86 256.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (in the same period of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.92 244.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.92 244.25 Td (. ) Tj ET Q q 0 0 0 rg BT 161.74 244.25 Td (The increase in income tax expense was driven primarily from increased pre-tax income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.26 244.25 Td ($25.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 232.25 Td ( in 2015, of) Tj ET Q q 0 0 0 rg BT 124.82 232.25 Td (fset in part by the benefit received on a bank-owned life insurance policy of $2.4 million, which is not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (taxable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (Preferred stock dividends increased $2.5 million for 2015 due to the accrual of dividends on Customers' Series C Preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.25 Td (Stock issued on May 18, 2015. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 154.25 Td (December31, 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 154.25 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 154.25 Td (2013) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 154.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (Net income available to common shareholders increased $10.5 million, or 32.2%,to $43.2 million for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.25 Td (December31, 2014, compared to $32.7 million for the year ended December31, 2013. ) Tj ET Q q 0 0 0 rg BT 400.54 124.25 Td (The increased net income resulted from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (increases in net interest income of $48.1 million and non-interest income of $2.4 million, partly of) Tj ET Q q 0 0 0 rg BT 443.06 112.25 Td (fset by increases in provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.25 Td (for loan losses of $12.5 million, non-interest expense of $24.9 million, and tax expense of $2.6 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.25 Td (Net interest income increased $48.1 million, or 46.3%,during 2014 to $151.9 million, compared to $103.9 million during 2013 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.25 Td (primarily due to an increase in the average balance of interest earnings assets of $2.0 billion \(from $3.3 billion in 2013 to $5.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.25 Td (billion in 2014\), of) Tj ET Q q 0 0 0 rg BT 125.37 52.25 Td (fset in part by a decline in the net interest mar) Tj ET Q q 0 0 0 rg BT 308.46 52.25 Td (gin \(tax equivalent\) of 27 basis points \(from 3.14% in 2013 to ) Tj ET Q endstream endobj 115 0 obj <>] /Rotate 0 /Contents 116 0 R>> endobj 116 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (2.87% in 2014\). ) Tj ET Q q 0 0 0 rg BT 119.26 742.10 Td (The growth in average interest earning assets was principally driven by increases in multi-family and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (commercial loan products. ) Tj ET Q q 0 0 0 rg BT 158.67 730.10 Td (The decrease in net interest mar) Tj ET Q q 0 0 0 rg BT 285.93 730.10 Td (gin results from a combination of changed market conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (including decreased market interest rates and increased competition on loans, and product mix, as secured multi-family loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (yield less than other commercial products and was our primary growth area.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Provision for loan losses increased $12.5 million during 2014 to $14.7 million, compared to $2.2 million during 2013. ) Tj ET Q q 0 0 0 rg BT 525.05 682.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (increase in the provision for loan losses during 2014 was primarily attributable to significant or) Tj ET Q q 0 0 0 rg BT 430.84 670.10 Td (ganic loan growth in the held-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (for) Tj ET Q q 0 0 0 rg BT 61.46 658.10 Td (-investment loan portfolio, resulting in approximately $10.1 million of provision expense during 2014, and a reduced benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (expected to be collected from the FDIC as collections on covered loans improved and the loss sharing arrangements for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (non-single family loans approach their contractual maturity) Tj ET Q q 0 0 0 rg BT 287.05 634.10 Td (, resulting in approximately $4.6 million of provision expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (during 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (Non-interest income increased $2.4 million during 2014 to $25.1 million, compared to $22.7 million during 2013. ) Tj ET Q q 0 0 0 rg BT 508.36 598.10 Td (The increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (in 2014 was attributed to a $2.3 million increase in gains on sales of loans as the Bank began selling excess multi-family loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (originations, $1.9 million increase in gains on sales of investment securities as the Bank shortened the duration of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (investment portfolio, a $1.2 million increase in bank owned life insurance income as the number of insured team members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (increased, and a $0.9 million increase in mortgage loan and banking income as the Bank continues to develop that business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 538.10 Td (fset primarily by a decrease in the mortgage warehouse transactional fees of $4.7 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Non-interest expense increased $24.9 million during 2014 to $98.9 million, compared to $74.0 million during 2013. Expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (increased in 2014 principally for salaries and employee benefits as staf) Tj ET Q q 0 0 0 rg BT 333.05 502.10 Td (fing levels grew to support the growing business \(up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td ($10.9 million\), assessments for FDIC insurance and Pennsylvania shares tax increased as the Bank grew \(up $6.2 million\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (professional services related to loan workout, litigation and other general regulatory matters \(up $2.2 million\), occupancy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (expense \(up $2.2 million\) as our need for space grew) Tj ET Q q 0 0 0 rg BT 261.50 466.10 Td (, other real estate owned resolution expenses as we work through problem ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (properties \(up $2.2 million\), and technology) Tj ET Q q 0 0 0 rg BT 226.26 454.10 Td (, communication and bank operations expense \(up $1.5 million\) as a result of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (growth. ) Tj ET Q q 0 0 0 rg BT 83.15 442.10 Td (The increase was of) Tj ET Q q 0 0 0 rg BT 162.65 442.10 Td (fset in by a provision for loss contingency recorded in 2013 of $2.0 million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Income tax expense increased $2.6 million during 2014 to $20.2 million, compared to $17.6 million during 2013. ) Tj ET Q q 0 0 0 rg BT 505.85 418.10 Td (The increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (income tax expense was driven primarily from increased taxable income in 2014 \(up $13.1 million to $63.4 million\), of) Tj ET Q q 0 0 0 rg BT 528.32 406.10 Td (fset in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (part by a $1.5 million benefit that resulted from a return to provision and deferred tax analysis performed in third quarter 2014.) Tj ET Q endstream endobj 117 0 obj <>] /Rotate 0 /Contents 118 0 R>> endobj 118 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 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 511.80 706.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 691.85 Td (following table summarizes the Customers' net interest income and related spread and mar) Tj ET Q q 0 0 0 rg BT 411.51 691.85 Td (gin for the periods indicated.) 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rg /GS0 gs 431.50 613.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 613.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 613.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 613.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 613.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 613.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 587.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 587.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 587.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 587.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 587.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 587.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 587.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 587.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 587.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 587.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 587.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 587.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 587.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 587.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 587.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 587.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 587.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 587.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 561.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 561.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 561.35 4.00 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 353.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 327.35 133.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 327.35 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 327.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 327.35 40.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 327.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 327.35 34.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 327.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 327.35 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 327.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 327.35 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 327.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 327.35 33.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 327.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 327.35 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 327.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 327.35 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 327.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 327.35 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 293.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 293.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 224.50 293.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.50 293.35 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 293.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 293.35 34.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 293.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 293.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 351.50 293.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 293.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 293.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 398.50 293.35 33.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 293.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 293.35 41.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 293.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 293.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 293.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 293.35 39.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 267.35 133.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 183.50 267.35 41.00 -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 398.50 241.35 33.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.50 241.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 241.35 41.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 241.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 241.35 39.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 241.35 4.00 -21.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 241.35 39.00 -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 183.5 668.35 m 224.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 668.35 m 228.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 668.35 m 268.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 668.35 m 272.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 668.35 m 306.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 668.35 m 310.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 668.35 m 351.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 668.35 m 355.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 668.35 m 394.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 668.35 m 398.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 668.35 m 431.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431.5 668.35 m 435.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 668.35 m 476.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 668.35 m 480.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 668.35 m 519.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 668.35 m 523.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 668.35 m 562.5 668.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 655.35 m 224.5 655.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 224.5 655.35 m 228.5 655.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 655.35 m 268.5 655.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 268.5 655.35 m 272.5 655.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 655.35 m 306.5 655.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 655.35 m 351.5 655.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351.5 655.35 m 355.5 655.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 655.35 m 394.5 655.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 655.35 m 398.5 655.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 655.35 m 431.5 655.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 655.35 m 476.5 655.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 655.35 m 480.5 655.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 655.35 m 519.5 655.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 655.35 m 523.5 655.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 655.35 m 562.5 655.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 626.35 m 224.5 626.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 626.35 m 268.5 626.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 626.35 m 306.5 626.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 626.35 m 351.5 626.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 626.35 m 394.5 626.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 398.5 626.35 m 431.5 626.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 626.35 m 476.5 626.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 626.35 m 519.5 626.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 626.35 m 562.5 626.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 535.35 m 351.5 535.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 535.35 m 394.5 535.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 535.35 m 476.5 535.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 535.35 m 519.5 535.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 535.35 m 224.5 535.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 535.35 m 268.5 535.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 509.35 m 224.5 509.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 509.35 m 351.5 509.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 509.35 m 476.5 509.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 497.35 m 224.5 497.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 495.35 m 224.5 495.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 497.35 m 351.5 497.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 495.35 m 351.5 495.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 497.35 m 476.5 497.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 495.35 m 476.5 495.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 431.35 m 224.5 431.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 431.35 m 268.5 431.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 431.35 m 351.5 431.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 431.35 m 394.5 431.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 431.35 m 476.5 431.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 431.35 m 519.5 431.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 405.35 m 224.5 405.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 405.35 m 268.5 405.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 405.35 m 351.5 405.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 405.35 m 394.5 405.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 405.35 m 476.5 405.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 405.35 m 519.5 405.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 379.35 m 224.5 379.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 379.35 m 351.5 379.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 379.35 m 476.5 379.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 353.35 m 224.5 353.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 353.35 m 351.5 353.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 353.35 m 476.5 353.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 327.35 m 224.5 327.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 327.35 m 351.5 327.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 327.35 m 476.5 327.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 307.35 m 224.5 307.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 183.5 305.35 m 224.5 305.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 307.35 m 351.5 307.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 305.35 m 351.5 305.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 307.35 m 476.5 307.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 305.35 m 476.5 305.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 280.35 m 268.5 280.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 280.35 m 394.5 280.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 280.35 m 519.5 280.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 280.35 m 268.5 280.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 268.35 m 268.5 268.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228.5 266.35 m 268.5 266.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 280.35 m 394.5 280.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 268.35 m 394.5 268.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 266.35 m 394.5 266.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 280.35 m 519.5 280.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 268.35 m 519.5 268.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 266.35 m 519.5 266.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.25 672.58 Td (For the Years Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.50 659.58 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.50 659.60 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.50 659.60 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.55 638.58 Td (A) Tj ET Q q 0 0 0 rg BT 194.73 638.58 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 190.35 630.58 Td (balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.70 646.58 Td (Inter) Tj ET Q q 0 0 0 rg BT 251.88 646.58 Td (est) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.05 638.58 Td (incomeor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.65 630.58 Td (expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.05 646.58 Td (A) Tj ET Q q 0 0 0 rg BT 280.23 646.58 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.05 638.58 Td (yield or) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.30 630.58 Td (cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 317.25 638.60 Td (A) Tj ET Q q 0 0 0 rg BT 322.43 638.60 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.25 630.60 Td (balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.50 646.60 Td (Interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.35 638.60 Td (incomeor) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.60 630.60 Td (expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.25 646.60 Td (A) Tj ET Q q 0 0 0 rg BT 406.43 646.60 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.15 638.60 Td (yieldor) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.05 630.60 Td (cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.25 638.60 Td (A) Tj ET Q q 0 0 0 rg BT 447.43 638.60 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.25 630.60 Td (balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.50 646.60 Td (Interest) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.35 638.60 Td (incomeor) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 486.60 630.60 Td (expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.25 646.60 Td (A) Tj ET Q q 0 0 0 rg BT 534.43 646.60 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.15 638.60 Td (yield or) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.05 630.60 Td (cost) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 617.60 Td (\(amounts in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 605.43 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 592.30 Td (Interest-earning deposits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.00 591.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.25 591.58 Td (271,201) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.00 591.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.25 591.58 Td (718) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 591.58 Td (0.26) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.00 591.58 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 591.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.60 591.60 Td (228,668) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.00 591.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 591.60 Td (577) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 591.60 Td (0.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 591.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 591.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.60 591.60 Td (190,298) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 591.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.25 591.60 Td (482) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 591.60 Td (0.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 591.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 579.30 Td (Investment securities\(A\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.25 578.58 Td (427,638) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.25 578.58 Td (10,405) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 578.58 Td (2.43) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.60 578.60 Td (451,932) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 578.60 Td (10,386) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 578.60 Td (2.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.60 578.60 Td (260,862) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 578.60 Td (6,314) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 578.60 Td (2.42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 566.30 Td (Loans held for sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.25 565.58 Td (1,589,176) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.25 565.58 Td (51,553) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 565.58 Td (3.24) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.60 565.60 Td (911,594) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 565.60 Td (30,801) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 565.60 Td (3.38) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.60 565.60 Td (992,421) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 565.60 Td (38,140) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 565.60 Td (3.84) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 553.30 Td (Loans receivable \(B\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.25 552.58 Td (4,635,887) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.25 552.58 Td (182,280) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 552.58 Td (3.93) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 552.60 Td (3,656,891) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.25 552.60 Td (146,388) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 552.60 Td (4.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 552.60 Td (1,842,310) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 552.60 Td (82,580) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 552.60 Td (4.48) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 540.30 Td (Other interest earning assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 199.25 539.58 Td (72,693) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.25 539.58 Td (4,894) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 539.58 Td (6.73) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.60 539.60 Td (66,669) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 373.25 539.60 Td (2,275) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 539.60 Td (3.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 539.60 Td (27,095) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.25 539.60 Td (640) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 539.60 Td (2.36) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 527.43 Td (Total interest-earning assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.25 526.58 Td (6,996,595) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.25 526.58 Td (249,850) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 526.58 Td (3.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 526.60 Td (5,315,754) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.25 526.60 Td (190,427) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 526.60 Td (3.58) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 526.60 Td (3,312,986) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 526.60 Td (128,156) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 526.60 Td (3.87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 514.30 Td (Non-interest-earning assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.25 513.58 Td (269,454) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.60 513.60 Td (227,045) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.60 513.60 Td (142,350) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 501.43 Td (Total assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.00 500.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.25 500.58 Td (7,266,049) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 500.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 500.60 Td (5,542,799) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 500.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 500.60 Td (3,455,336) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 488.43 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 475.30 Td (Interest checking) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.00 474.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.25 474.58 Td (123,527) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.25 474.58 Td (686) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 474.58 Td (0.56) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 474.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.60 474.60 Td (62,840) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 474.60 Td (361) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 474.60 Td (0.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 474.60 Td (45,613) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.25 474.60 Td (191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 474.60 Td (0.42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 462.30 Td (Money market deposit accounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.25 461.58 Td (2,412,958) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.25 461.58 Td (12,548) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 461.58 Td (0.52) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 461.60 Td (1,712,896) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 461.60 Td (10,391) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 461.60 Td (0.61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 461.60 Td (1,106,457) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 461.60 Td (7,619) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 461.60 Td (0.69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 449.30 Td (Other savings accounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 199.25 448.58 Td (36,820) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.25 448.58 Td (111) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 448.58 Td (0.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.60 448.60 Td (40,795) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 448.60 Td (172) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 448.60 Td (0.42) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 448.60 Td (31,741) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.25 448.60 Td (152) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 448.60 Td (0.48) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 436.30 Td (Certificates of deposit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.25 435.58 Td (2,087,641) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.25 435.58 Td (20,637) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 435.58 Td (0.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 435.60 Td (1,403,774) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 435.60 Td (13,530) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 435.60 Td (0.96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 435.60 Td (1,251,709) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 435.60 Td (13,058) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 435.60 Td (1.04) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 423.30 Td (Total interest-bearing deposits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.25 422.58 Td (4,660,946) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.25 422.58 Td (33,982) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 422.58 Td (0.73) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 422.60 Td (3,220,305) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 422.60 Td (24,454) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 422.60 Td (0.76) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 422.60 Td (2,435,520) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 422.60 Td (21,020) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 422.60 Td (0.86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 410.30 Td (Borrowings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.25 409.58 Td (1,373,359) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.25 409.58 Td (19,578) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 409.58 Td (1.43) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 409.60 Td (1,268,205) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 409.60 Td (14,050) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 409.60 Td (1.11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.60 409.60 Td (278,297) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.25 409.60 Td (3,281) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 409.60 Td (1.18) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 397.43 Td (Total interest-bearing liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.25 396.58 Td (6,034,305) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.25 396.58 Td (53,560) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 396.58 Td (0.89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 396.60 Td (4,488,510) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.25 396.60 Td (38,504) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 396.60 Td (0.86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 396.60 Td (2,713,817) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 494.25 396.60 Td (24,301) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 396.60 Td (0.90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 384.30 Td (Non-interest-bearing deposits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.25 383.58 Td (692,159) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.60 383.60 Td (620,385) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.60 383.60 Td (385,187) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 371.30 Td (Total deposits and borrowings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.25 370.58 Td (6,726,464) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 370.58 Td (0.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 370.60 Td (5,108,895) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 370.60 Td (0.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 370.60 Td (3,099,004) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 370.60 Td (0.78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 358.30 Td (Other non-interest-bearing liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 199.25 357.58 Td (30,394) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.60 357.60 Td (17,905) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.60 357.60 Td (11,779) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 71.00 345.43 Td (Total liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.25 344.58 Td (6,756,858) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 344.60 Td (5,126,800) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 344.60 Td (3,110,783) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 332.43 Td (Shareholders equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 195.25 331.58 Td (509,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.60 331.60 Td (415,999) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.60 331.60 Td (344,553) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 319.43 Td (Total liabilities and shareholders) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 311.43 Td (equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 186.00 310.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 189.25 310.58 Td (7,266,049) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.00 310.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 310.60 Td (5,542,799) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 438.00 310.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.60 310.60 Td (3,455,336) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 298.30 Td (Net interest earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.25 297.58 Td (196,290) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.25 297.60 Td (151,923) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 297.60 Td (103,855) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 285.30 Td (Tax-equivalent adjustment\(C\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.25 284.58 Td (449) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.25 284.60 Td (405) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.25 284.60 Td (244) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 272.30 Td (Net interest earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 231.00 271.58 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 239.25 271.58 Td (196,739) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 358.00 271.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 365.25 271.60 Td (152,328) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.00 271.60 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.25 271.60 Td (104,099) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 259.43 Td (Interest spread) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 258.58 Td (2.77) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.00 258.58 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 258.60 Td (2.83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 258.60 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 258.60 Td (3.09) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 555.30 258.60 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 246.43 Td (Net interest margin\(D\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 245.58 Td (2.81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 245.60 Td (2.86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 245.60 Td (3.13) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 233.43 Td (Net interest margin tax) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 225.43 Td (equivalent\(C\)\(D\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.00 224.58 Td (2.81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 224.60 Td (2.87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 224.60 Td (3.14) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 206.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 194.45 Td (\(A\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 194.45 Td (For presentation in this table, balances and the corresponding average rates for investment securities are based upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 182.45 Td (historical cost, adjusted for amortization of premiums and accretion of discounts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 170.45 Td (\(B\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 170.45 Td (Includes non-accrual loans, the ef) Tj ET Q q 0 0 0 rg BT 214.93 170.45 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 48.95 158.45 Td (\(C\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 158.45 Td (Full tax equivalent basis, using a 35% statutory tax rate to approximate interest income as a taxable asset.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 146.45 Td (\(D\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 146.45 Td (Excluding an adjustment to interest income for the change in accounting estimate on purchased-credit-impaired loans of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 134.45 Td ($4.5 million, net interest mar) Tj ET Q q 0 0 0 rg BT 196.36 134.45 Td (gin and net interest mar) Tj ET Q q 0 0 0 rg BT 290.59 134.45 Td (gin tax equivalent are 3.05% for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.74 134.45 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 122.45 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.45 122.45 Td (.) Tj ET Q endstream endobj 119 0 obj <>] /Rotate 0 /Contents 120 0 R>> endobj 120 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 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 50.00 706.10 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 50.00 694.10 Td (interest-bearing liabilities with respect to \(i\)changes attributable to volume \(i.e., changes in average balances multiplied by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (prior) Tj ET Q q 0 0 0 rg BT 69.24 682.10 Td (-period average rate\) and \(ii\)changes attributable to rate \(i.e., changes in average rate multiplied by prior) Tj ET Q q 0 0 0 rg BT 489.13 682.10 Td (-period average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (balances\).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 50.00 658.10 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 50.00 643.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 573.20 168.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 573.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 573.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 573.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 573.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 573.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 573.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 573.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 573.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 573.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 573.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 573.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 544.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 544.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 544.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 544.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 544.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 544.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 544.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 544.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 544.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 544.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 544.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 544.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 514.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 514.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 514.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 514.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 514.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 514.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 514.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 514.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 514.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 514.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 514.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 514.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 484.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 484.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 484.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 484.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 484.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 484.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 484.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 484.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 484.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 484.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 484.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 484.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 455.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 455.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 455.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 455.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 455.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 455.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 455.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 455.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 455.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 455.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 455.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 455.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 425.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 425.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 425.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 425.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 425.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 425.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 425.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 425.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 425.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 425.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 425.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 425.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 395.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 395.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 395.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 395.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 395.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 395.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 395.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 395.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 395.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 395.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 395.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 395.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 365.20 168.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 365.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 365.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 276.50 365.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 365.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 334.50 365.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 365.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 365.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 365.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 365.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 365.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 365.20 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 218.5 620.2 m 272.5 620.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 620.2 m 276.5 620.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 620.2 m 330.5 620.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 620.2 m 334.5 620.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 620.2 m 388.5 620.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 620.2 m 446.5 620.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 620.2 m 450.5 620.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 620.2 m 504.5 620.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 620.2 m 508.5 620.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 620.2 m 562.5 620.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 599.2 m 272.5 599.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 599.2 m 276.5 599.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 599.2 m 330.5 599.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 599.2 m 446.5 599.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 599.2 m 450.5 599.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 599.2 m 504.5 599.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 586.2 m 272.5 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 586.2 m 276.5 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 586.2 m 330.5 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 586.2 m 334.5 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 586.2 m 388.5 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 586.2 m 446.5 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 586.2 m 450.5 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 586.2 m 504.5 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 586.2 m 508.5 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 586.2 m 562.5 586.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 484.2 m 272.5 484.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 484.2 m 330.5 484.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 484.2 m 446.5 484.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 484.2 m 504.5 484.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 484.2 m 562.5 484.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 484.2 m 272.5 484.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 469.2 m 272.5 469.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 484.2 m 330.5 484.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 469.2 m 330.5 469.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 484.2 m 388.5 484.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 469.2 m 388.5 469.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 484.2 m 446.5 484.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 469.2 m 446.5 469.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 484.2 m 504.5 484.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 469.2 m 504.5 469.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 484.2 m 562.5 484.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 469.2 m 562.5 469.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 395.2 m 272.5 395.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 395.2 m 330.5 395.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 395.2 m 388.5 395.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 395.2 m 446.5 395.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 395.2 m 504.5 395.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 395.2 m 562.5 395.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 395.2 m 272.5 395.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 395.2 m 330.5 395.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 395.2 m 388.5 395.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 395.2 m 446.5 395.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 395.2 m 504.5 395.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 395.2 m 562.5 395.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 365.2 m 272.5 365.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 365.2 m 330.5 365.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 365.2 m 388.5 365.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 365.2 m 446.5 365.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 365.2 m 504.5 365.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 365.2 m 562.5 365.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 365.2 m 272.5 365.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 350.2 m 272.5 350.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 365.2 m 330.5 365.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 350.2 m 330.5 350.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 365.2 m 388.5 365.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 350.2 m 388.5 350.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 365.2 m 446.5 365.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 350.2 m 446.5 350.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 365.2 m 504.5 365.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 350.2 m 504.5 350.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 365.2 m 562.5 365.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 350.2 m 562.5 350.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 350.2 m 272.5 350.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 336.2 m 272.5 336.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 334.2 m 272.5 334.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 350.2 m 330.5 350.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 336.2 m 330.5 336.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276.5 334.2 m 330.5 334.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 350.2 m 388.5 350.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 336.2 m 388.5 336.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 334.5 334.2 m 388.5 334.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 350.2 m 446.5 350.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 336.2 m 446.5 336.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 334.2 m 446.5 334.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 350.2 m 504.5 350.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 336.2 m 504.5 336.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 334.2 m 504.5 334.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 350.2 m 562.5 350.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 336.2 m 562.5 336.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 508.5 334.2 m 562.5 334.2 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.40 624.43 Td (2015 vs. 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.40 624.45 Td (2014 vs. 2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.15 611.43 Td (Incr) Tj ET Q q 0 0 0 rg BT 248.67 611.43 Td (ease\(decr) Tj ET Q q 0 0 0 rg BT 282.51 611.43 Td (ease\)due) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.30 603.43 Td (to change in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.45 611.45 Td (Increase\(decrease\)due) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.45 603.45 Td (to change in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.00 590.43 Td (Rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.00 590.43 Td (Volume) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.25 590.43 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.65 590.45 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 590.45 Td (Volume) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 590.45 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 577.46 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 563.93 Td (Interest income:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 549.77 Td (Interest earning deposits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 548.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.65 548.88 Td (29) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.00 548.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.65 548.88 Td (112) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.00 548.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.65 548.88 Td (141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 548.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.30 548.92 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 548.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 548.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 548.87 Td (97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 548.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 548.87 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 534.77 Td (Investment securities, taxable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.65 533.88 Td (594) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.30 533.93 Td (\(575) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.65 533.88 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.65 533.88 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 533.92 Td (\(335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 533.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 533.87 Td (4,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 533.87 Td (4,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 519.77 Td (Loans held for sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.80 518.88 Td (\(1,279) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.65 518.88 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.15 518.88 Td (22,031) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.15 518.88 Td (20,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 518.92 Td (\(4,384) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 518.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 518.92 Td (\(2,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 518.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 518.92 Td (\(7,339) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 518.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 504.77 Td (Loans receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.80 503.88 Td (\(2,645) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.65 503.88 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.15 503.88 Td (38,537) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.15 503.88 Td (35,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 503.92 Td (\(9,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 503.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 503.87 Td (73,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 503.87 Td (63,808) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 489.77 Td (Other interest earning assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.15 488.88 Td (2,396) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.65 488.88 Td (223) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.15 488.88 Td (2,619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 488.87 Td (382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 488.87 Td (1,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 488.87 Td (1,635) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 474.93 Td (Total interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.30 473.88 Td (\(905) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.65 473.88 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.15 473.88 Td (60,328) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.15 473.88 Td (59,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 473.92 Td (\(14,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 473.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 473.87 Td (76,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 473.87 Td (62,271) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 459.93 Td (Interest expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 445.77 Td (Interest checking) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.30 444.88 Td (\(12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.65 444.88 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 311.65 444.88 Td (337) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.65 444.88 Td (325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.65 444.87 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 444.87 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 444.87 Td (170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 430.77 Td (Money market deposit accounts) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.80 429.88 Td (\(1,640) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.65 429.88 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.15 429.88 Td (3,797) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.15 429.88 Td (2,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 429.92 Td (\(996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 429.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 429.87 Td (3,768) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 429.87 Td (2,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 415.77 Td (Savings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.30 414.88 Td (\(46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.65 414.88 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.30 414.93 Td (\(15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.65 414.88 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.30 414.93 Td (\(61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.65 414.88 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.30 414.92 Td (\(20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 414.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 414.87 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 414.87 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 400.77 Td (Certificates of deposit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.65 399.88 Td (355) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.15 399.88 Td (6,752) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.15 399.88 Td (7,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 399.92 Td (\(1,040) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 399.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 399.87 Td (1,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 399.87 Td (472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 385.77 Td (Total interest bearing deposits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.80 384.88 Td (\(1,343) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.65 384.88 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.15 384.88 Td (10,871) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.15 384.88 Td (9,528) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 384.92 Td (\(1,972) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 384.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 384.87 Td (5,406) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 384.87 Td (3,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 370.77 Td (Borrowings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.15 369.88 Td (4,288) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.15 369.88 Td (1,240) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.15 369.88 Td (5,528) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.30 369.92 Td (\(210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 369.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 369.87 Td (10,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 369.87 Td (10,769) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 355.93 Td (Total interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.15 354.88 Td (2,945) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.15 354.88 Td (12,111) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.15 354.88 Td (15,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.80 354.92 Td (\(2,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 354.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 354.87 Td (16,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 354.87 Td (14,203) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 340.93 Td (Net interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 339.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.80 339.88 Td (\(3,850) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.65 339.88 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.00 339.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 299.15 339.88 Td (48,217) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 337.00 339.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 357.15 339.88 Td (44,367) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 339.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.80 339.92 Td (\(11,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.65 339.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.00 339.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 339.87 Td (59,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.00 339.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 339.87 Td (48,068) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 305.70 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 305.70 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 305.70 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 305.70 Td (2014) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.70 Td (Net interest income for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.77 287.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.35 287.70 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.90 287.70 Td ($196.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.79 287.70 Td (, an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.82 287.70 Td ($44.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.71 287.70 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.54 287.70 Td (29.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.37 287.70 Td (, when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.70 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 255.75 275.70 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.33 275.70 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.66 275.70 Td ($151.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.55 275.70 Td (. ) Tj ET Q q 0 0 0 rg BT 411.37 275.70 Td (This increase in net interest income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.70 Td (was primarily attributable to an increase of $1.6 billion in the average balance of loans and securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.70 Td (The key measure of net interest income is net interest mar) Tj ET Q q 0 0 0 rg BT 281.40 239.70 Td (gin. ) Tj ET Q q 0 0 0 rg BT 299.00 239.70 Td (While Customers' net interest mar) Tj ET Q q 0 0 0 rg BT 435.03 239.70 Td (gin decreased to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 239.70 Td (2.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 239.70 Td (% for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.70 Td (year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.08 227.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.67 227.70 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.11 227.70 Td (2.87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.61 227.70 Td (% for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.40 227.70 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.98 227.70 Td (, the impact on net interest income was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.70 Td (secondary to the significant increases in loan volume.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 185.70 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 185.70 Td (December31, 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 185.70 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 185.70 Td (2013) Tj ET Q BT /F4 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.70 Td (Net interest income for the year ended December 31, 2014 was $151.9 million, an increase of $48.1 million, or 46.3%, when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.70 Td (compared to net interest income for the year ended December 31, 2013 of $103.9 million. ) Tj ET Q q 0 0 0 rg BT 411.37 149.70 Td (This increase in net interest income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.70 Td (was primarily attributable to an increase of $1.8 billion in average loans receivable, principally in multi-family and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.70 Td (commercial loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.70 Td (The key measure of net interest income is net interest mar) Tj ET Q q 0 0 0 rg BT 281.40 101.70 Td (gin. ) Tj ET Q q 0 0 0 rg BT 299.00 101.70 Td (While the Bancorp) Tj ET Q q 0 0 0 rg BT 377.30 101.70 Td (s net interest mar) Tj ET Q q 0 0 0 rg BT 445.71 101.70 Td (gin decreased to 2.87% for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.70 Td (the year ended December 31, 2014 from 3.14% for the year ended December 31, 2013, the impact on net interest income was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.70 Td (secondary to the significant increases in loan volume.) Tj ET Q endstream endobj 121 0 obj <>] /Rotate 0 /Contents 122 0 R>> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (59) 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 50.00 718.25 Td (For more information about our provision and allowance for loan losses methodology and our loss experience, see Critical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Accounting Policies, CreditRisk and Asset Quality herein and NOTE 3 SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 436.12 706.25 Td ( ) Tj ET Q q 0 0 0 rg BT 438.07 706.25 Td (ACCOUNTING POLICIES ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (AND BASIS OF PRESENT) Tj ET Q q 0 0 0 rg BT 162.83 694.25 Td (A) Tj ET Q q 0 0 0 rg BT 168.95 694.25 Td (TION.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (Customers maintains its allowance for loan losses through a provision for loan losses char) Tj ET Q q 0 0 0 rg BT 410.03 670.25 Td (ged as an expense on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (consolidated statements of income.) Tj ET Q q 0 0 0 rg BT 192.84 658.25 Td (The loan portfolio is reviewed quarterly to evaluate the outstanding loans and to measure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (both the performance of the portfolio and the adequacy of the allowance for loan losses.) Tj ET Q q 0 0 0 rg BT 404.14 646.25 Td (The allowance for loan losses is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (estimated as of the end of each quarter and compared to the balance recorded in the general ledger net of char) Tj ET Q q 0 0 0 rg BT 487.94 634.25 Td (ge-of) Tj ET Q q 0 0 0 rg BT 508.86 634.25 Td (fs and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (recoveries. ) Tj ET Q q 0 0 0 rg BT 95.90 622.25 Td (The allowance is adjusted to the estimated allowance for loan losses balance via a char) Tj ET Q q 0 0 0 rg BT 442.81 622.25 Td (ge \(or debit\) to the provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (for loan losses. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (For the years ended December31, 2015 and 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 549.05 Td (During 2015, the provision for loan losses was $20.6 million, an increase of $5.8 million from a provision of $14.7 million in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 537.05 Td (2014. ) Tj ET Q q 0 0 0 rg BT 77.32 537.05 Td (The 2015 provision for loan losses included a provision expense of $9.0 million for the fraudulent loan identified by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 525.05 Td (Customers in July 2015. ) Tj ET Q q 0 0 0 rg BT 152.05 525.05 Td (The increase in the provision for loan losses resulting from this loan was of) Tj ET Q q 0 0 0 rg BT 453.19 525.05 Td (fset in part by a $2.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 513.05 Td (million reduction to the provision for loan losses resulting primarily from Customers' low level of historical losses on loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 501.05 Td (originated after 2009 and updating the estimated loss ratios to reflect actual industry performance rather than qualitative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 489.05 Td (estimates. $5.3 million of the fraudulent loan was char) Tj ET Q q 0 0 0 rg BT 267.54 489.05 Td (ged of) Tj ET Q q 0 0 0 rg BT 292.63 489.05 Td (f in third quarter 2015 and the residual balance of $3.7 million was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 477.05 Td (char) Tj ET Q q 0 0 0 rg BT 67.03 477.05 Td (ged of) Tj ET Q q 0 0 0 rg BT 92.11 477.05 Td (f in fourth quarter 2015. Customers will continue its ef) Tj ET Q q 0 0 0 rg BT 313.28 477.05 Td (forts to collect the loan balance and is optimistic about a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 465.05 Td (future recovery) Tj ET Q q 0 0 0 rg BT 110.70 465.05 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 435.05 Td (For the years ended December31, 2014 and 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 411.05 Td (During 2014, the provision for loan losses was $14.7 million, an increase of $12.5 million from a provision of $2.2 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 399.05 Td (during 2013. ) Tj ET Q q 0 0 0 rg BT 103.43 399.05 Td (The increase in the provision for loan losses during 2014 was primarily attributable to significant or) Tj ET Q q 0 0 0 rg BT 502.32 399.05 Td (ganic loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 387.05 Td (growth in the held-for) Tj ET Q q 0 0 0 rg BT 137.83 387.05 Td (-investment loan portfolio, resulting in approximately $10.1 million of provision expense during 2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.05 Td (and a reduced benefit expected to be collected from the FDIC as collections on covered loans improved and the loss sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.05 Td (arrangements for the non-single family loans approach their contractual maturity) Tj ET Q q 0 0 0 rg BT 372.29 363.05 Td (, resulting in approximately $4.7 million of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.05 Td (provision expense during 2014.) Tj ET Q endstream endobj 123 0 obj <>] /Rotate 0 /Contents 124 0 R>> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 245.65 742.25 Td (NON-INTEREST) Tj ET Q q 0 0 0 rg BT 321.60 742.25 Td ( INCOME) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The chart below shows the various components of non-interest income for each of the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.98 718.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.57 718.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.57 718.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.57 718.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 706.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 706.25 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 691.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 645.35 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 645.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 645.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 645.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 645.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 645.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 617.35 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 617.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 617.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 617.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 617.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 617.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 589.35 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 589.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 589.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 589.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 589.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 589.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 561.35 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 561.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 561.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 561.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 561.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 561.35 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 359.5 669.35 m 424.5 669.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 669.35 m 428.5 669.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 669.35 m 493.5 669.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 669.35 m 497.5 669.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 669.35 m 562.5 669.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 657.35 m 424.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 657.35 m 493.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 657.35 m 562.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 547.35 m 424.5 547.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 547.35 m 493.5 547.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 547.35 m 562.5 547.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 547.35 m 424.5 547.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 534.35 m 424.5 534.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 532.35 m 424.5 532.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 547.35 m 493.5 547.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 534.35 m 493.5 534.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 532.35 m 493.5 532.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 547.35 m 562.5 547.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 534.35 m 562.5 534.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 532.35 m 562.5 532.35 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.55 673.43 Td (Years Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 661.43 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 661.30 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 661.30 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 649.30 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 635.92 Td (Mortgage warehouse transactional fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 636.03 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 636.03 Td (10,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 635.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 635.92 Td (8,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 635.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 635.92 Td (12,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.92 Td (Bank-owned life insurance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 622.03 Td (7,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 621.92 Td (3,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 621.92 Td (2,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 607.92 Td (Gains on sales of loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 608.03 Td (4,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 607.92 Td (3,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 607.92 Td (852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 593.92 Td (Deposit fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.65 594.03 Td (944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 593.92 Td (801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 593.92 Td (675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 579.92 Td (Mortgage loan and banking income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.65 580.03 Td (741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 579.92 Td (2,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 579.92 Td (1,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 565.92 Td (Gain \(loss\) on sales of investment securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.30 566.08 Td (\(85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 566.03 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 565.92 Td (3,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 565.92 Td (1,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.92 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 552.03 Td (4,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 551.92 Td (4,026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 551.92 Td (3,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 537.92 Td (Total non-interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 538.03 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 538.03 Td (27,717) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 537.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 537.92 Td (25,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 537.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 537.92 Td (22,703) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 503.85 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 503.85 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 503.85 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 503.85 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 503.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.85 Td (Non-interest income increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.67 479.85 Td ($2.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.56 479.85 Td (, or 10.3%, during the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.22 479.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.22 479.85 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 479.85 Td ($27.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.89 479.85 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.85 Td ($25.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 467.85 Td ( for the year ended December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.94 467.85 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.94 467.85 Td (. ) Tj ET Q q 0 0 0 rg BT 264.76 467.85 Td (The increase resulted primarily from a benefit received on a bank-owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.85 Td (life insurance policy of $2.4 million, higher mortgage warehouse transactional fees driven by increased transaction volume and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.85 Td (an increase in the gain on sale of loans primarily resulting from increased SBA) Tj ET Q q 0 0 0 rg BT 365.19 443.85 Td ( loan sales, of) Tj ET Q q 0 0 0 rg BT 420.00 443.85 Td (fset in part by gains realized from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.85 Td (sales of investment securities of $3.2 million in 2014 compared to a loss of $0.1 million in 2015.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 401.85 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 401.85 Td (December31, 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 401.85 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 401.85 Td (2013) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 401.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.85 Td (Non-interest income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.42 377.85 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.17 377.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.67 377.85 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.56 377.85 Td ( during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.67 377.85 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.67 377.85 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.45 377.85 Td ($25.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.34 377.85 Td (, compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.54 377.85 Td ($22.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.44 377.85 Td ( during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.54 377.85 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.54 377.85 Td (. ) Tj ET Q q 0 0 0 rg BT 508.36 377.85 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.41 377.85 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.17 377.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.85 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 365.85 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.28 365.85 Td ( was attributed to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.65 365.85 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.54 365.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.04 365.85 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.79 365.85 Td ( in gains on sales of loans as the Bank began selling excess multi-family loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.85 Td (originations, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.71 353.85 Td ($1.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.60 353.85 Td ( increase in gains on sales of investment securities as the Bank shortened the duration of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.85 Td (investment portfolio, a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.32 341.85 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.21 341.85 Td ( increase in bank owned life insurance income as the number of insured team members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.85 Td (increased, and a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.63 329.85 Td ($0.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.52 329.85 Td ( increase in mortgage loan and banking income as Customers continued to develop that business. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.85 Td (These increases were of) Tj ET Q q 0 0 0 rg BT 145.60 317.85 Td (fset primarily by a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.69 317.85 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.10 317.85 Td ( in mortgage warehouse transactional fees of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.42 317.85 Td ($4.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.31 317.85 Td (. ) Tj ET Q endstream endobj 125 0 obj <>] /Rotate 0 /Contents 126 0 R>> endobj 126 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.70 742.25 Td (NON-INTEREST) Tj ET Q q 0 0 0 rg BT 319.65 742.25 Td ( EXPENSE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The below chart shows the various components of non-interest expense for each of the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.75 718.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.34 718.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.34 718.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.34 718.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 706.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 706.25 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 691.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 645.35 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 645.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 645.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 645.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 645.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 645.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 617.35 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 617.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 617.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 617.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 617.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 617.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 589.35 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 589.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 589.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 589.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 589.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 589.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 561.35 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 561.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 561.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 561.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 561.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 561.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 533.35 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 533.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 533.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 533.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 533.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 533.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 505.35 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 505.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 505.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 505.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 505.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 505.35 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 359.5 669.35 m 424.5 669.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 669.35 m 428.5 669.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 669.35 m 493.5 669.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 669.35 m 497.5 669.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 669.35 m 562.5 669.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 657.35 m 424.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 657.35 m 493.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 657.35 m 562.5 657.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 505.35 m 424.5 505.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 505.35 m 493.5 505.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 505.35 m 562.5 505.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 492.35 m 424.5 492.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 490.35 m 424.5 490.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 492.35 m 493.5 492.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 490.35 m 493.5 490.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 492.35 m 562.5 492.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 490.35 m 562.5 490.35 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 673.30 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.55 673.43 Td (Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 661.30 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 661.43 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 661.30 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 661.30 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 649.30 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 635.92 Td (Salaries and employee benefits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 636.03 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 636.03 Td (58,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 635.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 635.92 Td (46,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 635.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 635.92 Td (35,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.92 Td (Professional services) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 622.03 Td (11,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 621.92 Td (7,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 621.92 Td (5,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 607.92 Td (FDIC assessments, taxes, and regulatory fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 608.03 Td (10,728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 607.92 Td (11,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 607.92 Td (5,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 593.92 Td (Technology, communication and bank operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 594.03 Td (10,596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 593.92 Td (8,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 593.92 Td (6,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 579.92 Td (Occupancy) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 580.03 Td (8,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 579.92 Td (8,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 579.92 Td (6,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 565.92 Td (Other real estate owned) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 566.03 Td (2,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 565.92 Td (3,601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 565.92 Td (1,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.92 Td (Advertising and promotion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 552.03 Td (1,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 551.92 Td (1,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 551.92 Td (1,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 537.92 Td (Loan workout) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 538.03 Td (1,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 537.92 Td (1,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 537.92 Td (2,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 523.92 Td (Loss contingency) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 524.03 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 523.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 523.92 Td (2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.92 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 510.03 Td (10,017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 509.92 Td (9,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 509.92 Td (7,372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 495.92 Td (Totalnon-interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 496.03 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 496.03 Td (114,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 495.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 495.92 Td (98,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 495.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 495.92 Td (74,024) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 461.85 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 461.85 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 461.85 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 461.85 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 461.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.85 Td (Non-interest expense was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.24 443.85 Td ($1) Tj ET Q q 0 0 0 rg BT 164.87 443.85 Td (14.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.76 443.85 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.23 443.85 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.81 443.85 Td (, which was an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.74 443.85 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.49 443.85 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.82 443.85 Td ($16.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.71 443.85 Td ( over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.85 Td (non-interest expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.80 431.85 Td ($98.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.69 431.85 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.15 431.85 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.74 431.85 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.85 Td (Salaries and employee benefits, which represent the lar) Tj ET Q q 0 0 0 rg BT 270.29 407.85 Td (gest component of non-interest expense, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.13 407.85 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.88 407.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.38 407.85 Td ($12.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.28 407.85 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.85 Td (26.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 395.85 Td (,to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.11 395.85 Td ($58.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.00 395.85 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.46 395.85 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.04 395.85 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.48 395.85 Td ($46.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.38 395.85 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.84 395.85 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.42 395.85 Td (. ) Tj ET Q q 0 0 0 rg BT 542.74 395.85 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.85 Td (primary reason for this increase was the increase in the number of team members from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.04 383.85 Td (422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.04 383.85 Td ( full-time equivalents at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.85 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 371.85 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.36 371.85 Td (517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.36 371.85 Td ( full-time equivalents at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.11 371.85 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.70 371.85 Td ( and a full year of expense for the growth of team ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.85 Td (members in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.43 359.85 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.43 359.85 Td (. ) Tj ET Q q 0 0 0 rg BT 124.25 359.85 Td (This was directly related to the need for additional team members to support our or) Tj ET Q q 0 0 0 rg BT 456.20 359.85 Td (ganic growth. More ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.85 Td (specifically) Tj ET Q q 0 0 0 rg BT 95.44 347.85 Td (, the increased headcount was needed to support the growing multi-family) Tj ET Q q 0 0 0 rg BT 391.09 347.85 Td (, commercial real estate, and commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.85 Td (and industrial loan portfolios and the increased deposits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.85 Td (Professional services expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.35 311.85 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.11 311.85 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.11 311.85 Td ($3.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.00 311.85 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.78 311.85 Td ($1) Tj ET Q q 0 0 0 rg BT 295.41 311.85 Td (1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.30 311.85 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.76 311.85 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.34 311.85 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.78 311.85 Td ($7.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 299.85 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.35 299.85 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.94 299.85 Td ( due to costs incurred for BankMobile, increased professional services expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.85 Td (related to fees paid for the FHLB letter of credit used to collateralize municipal deposits, and other professional service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.85 Td (expenses driven by the or) Tj ET Q q 0 0 0 rg BT 152.01 275.85 Td (ganic growth of the Bank. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.85 Td (FDIC assessments, taxes, and regulatory fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.29 251.85 Td (declined) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.16 251.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.66 251.85 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.55 251.85 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.33 251.85 Td ($10.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.22 251.85 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.69 251.85 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.27 251.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.85 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.94 239.85 Td ($1) Tj ET Q q 0 0 0 rg BT 81.57 239.85 Td (1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.46 239.85 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.92 239.85 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.50 239.85 Td (. ) Tj ET Q q 0 0 0 rg BT 286.32 239.85 Td (The primary reason for this decrease was due to an adjustment that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.85 Td (reduced the Pennsylvania shares tax expense by $2.3 million recorded in second quarter 2015 of) Tj ET Q q 0 0 0 rg BT 434.98 227.85 Td (fset in part by increased deposit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.85 Td (premiums and other regulatory and filing fees lar) Tj ET Q q 0 0 0 rg BT 246.14 215.85 Td (gely as a result of the Bank's or) Tj ET Q q 0 0 0 rg BT 371.34 215.85 Td (ganic growth.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.85 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 191.85 Td (echnology) Tj ET Q q 0 0 0 rg BT 96.42 191.85 Td (, communication and bank operations expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.75 191.85 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.51 191.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.01 191.85 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.90 191.85 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.68 191.85 Td ($10.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.57 191.85 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.85 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 179.85 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.02 179.85 Td ($8.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.91 179.85 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.38 179.85 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.96 179.85 Td (. ) Tj ET Q q 0 0 0 rg BT 362.78 179.85 Td (This increase was primarily attributable to costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.85 Td (incurred for BankMobile and other technology related expenses driven by the or) Tj ET Q q 0 0 0 rg BT 371.10 167.85 Td (ganic growth of the Bank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.85 Td (Occupancy expense increased by $0.6 million to $8.7 million for the year ended December 31, 2015 from $8.1 million for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.85 Td (year ended December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 179.49 131.85 Td (This increase was driven by increased business activity in existing and new markets which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.85 Td (required additional team members and facilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.85 Td (Other real estate owned expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.88 95.85 Td (declined) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.76 95.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.26 95.85 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.15 95.85 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.93 95.85 Td ($2.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.82 95.85 Td ( for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.28 95.85 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.86 95.85 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.30 95.85 Td ($3.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.19 95.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.85 Td (for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.96 83.85 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.54 83.85 Td ( as the level of other real estate owned declined from 2014. ) Tj ET Q q 0 0 0 rg BT 444.94 83.85 Td (The decrease primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.85 Td (resulted from lower valuation adjustments, reduced holding expenses, and decreased losses realized from the sale of other real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.85 Td (estate owned.) Tj ET Q endstream endobj 127 0 obj <>] /Rotate 0 /Contents 128 0 R>> endobj 128 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Loan workout expense decreased by $0.6 million to $1.1 million for the year ended December 31, 2015 from $1.7 million for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (the year ended December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 194.20 730.10 Td (The decrease was attributable to lower workout costs driven by reduced levels of non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (performing loans and recoveries of prior expenses incurred on two resolved loans during the year) Tj ET Q q 0 0 0 rg BT 438.76 718.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Other expense increased by $0.6 million to $10.0 million for the year ended December 31, 2015 from $9.4 million for the year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (ended December 31, 2014. Customers' experienced higher levels of miscellaneous expenses resulting from the or) Tj ET Q q 0 0 0 rg BT 502.59 682.10 Td (ganic growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (experienced over the past year) Tj ET Q q 0 0 0 rg BT 171.20 670.10 Td (, increased staf) Tj ET Q q 0 0 0 rg BT 230.71 670.10 Td (fing, and other activities associated with business development.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 640.10 Td (December31, 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 640.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 640.10 Td (2013) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 640.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Non-interest expense was $98.9 million for the year ended December31, 2014, which was an increase of $24.9 million over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (non-interest expense of $74.0 million for the year ended December31, 2013.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (Salaries and employee benefits, which represent the lar) Tj ET Q q 0 0 0 rg BT 270.29 586.10 Td (gest component of non-interest expense, increased $10.9 million, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (30.8%,to $46.4 million for the year ended December31, 2014 from $35.5 million for the year ended December31, 2013. ) Tj ET Q q 0 0 0 rg BT 540.24 574.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (primary reason for this increase was due to the increase in the number of team members from 383 full-time equivalents at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (December31, 2013 to 422 full-time equivalents at December31, 2014 and a full year of expense for the growth of team ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (members in 2013 as we increased the number of team members to support our growing commercial loan, multi-family/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (commercial real estate, and mortgage banking businesses and the related administrative support functions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (FDIC assessments, taxes and regulatory fees increased by $6.2 million to $1) Tj ET Q q 0 0 0 rg BT 354.84 502.10 Td (1.8 million for the year ended December31, 2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (from $5.6 million for the year ended December31, 2013 due to increased assets subject to the FDIC assessment, higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (regulatory fees and higher Pennsylvania bank shares tax expense as a result of the growth of the Bank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (Professional services expense increased $2.2 million to $7.7 million for the year ended December31, 2014 from $5.5 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (for the year ended December31, 2013 due to higher legal and consulting expenses in 2014 related to regulatory filings and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (other regulatory and legal matters as well as general growth of the Bank.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 406.10 Td (echnology communication and bank operations increased $2.2 million, rising to $8.8 million for the year ended December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (2014 from $6.6 million for the year ended December31, 2013 related to the increased number of employees and increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (technology improvements to meet the needs of a lar) Tj ET Q q 0 0 0 rg BT 256.98 382.10 Td (ger Bank. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Occupancy expense increased $1.5 million, rising to $8.1 million for the year ended December31, 2014 from $6.6 million for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (the year ended December31, 2013 as a result of a full year of facilities expense from expansion into new markets during 2013.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Lar) Tj ET Q q 0 0 0 rg BT 63.70 322.10 Td (ger expenses classified in other expense include loan origination expenses, supplies, director fees, shareholder relations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (sponsorships, and business development expenses. Generally these expenses increased as a direct result of the growth of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Bank.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.40 250.10 Td (INCOME ) Tj ET Q q 0 0 0 rg BT 311.94 250.10 Td (T) Tj ET Q q 0 0 0 rg BT 317.87 250.10 Td (AXES) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 226.10 Td (December31, 2015) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 226.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 226.10 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 226.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (The income tax expense and ef) Tj ET Q q 0 0 0 rg BT 173.93 208.10 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 424.38 208.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.38 208.10 Td (, income tax expense was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td ($29.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 196.10 Td ( with an ef) Tj ET Q q 0 0 0 rg BT 146.20 196.10 Td (fective tax rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.93 196.10 Td (33.80%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.76 196.10 Td (, compared to an expense of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.44 196.10 Td ($20.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.33 196.10 Td ( and an ef) Tj ET Q q 0 0 0 rg BT 457.29 196.10 Td (fective tax rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.03 196.10 Td (31.83%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.86 196.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.16 184.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.16 184.10 Td (. Income tax expense was driven primarily by net income before taxes of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.94 184.10 Td ($88.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.84 184.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.27 184.10 Td ($63.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.17 184.10 Td (, for the years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.38 172.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.96 172.10 Td ( and 2014, respectively) Tj ET Q q 0 0 0 rg BT 247.06 172.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.89 172.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.89 172.10 Td (, the ef) Tj ET Q q 0 0 0 rg BT 310.20 172.10 Td (fective tax rate was lower due to a non-taxable bank-owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (life insurance death benefit received of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.25 160.10 Td ($2.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.14 160.10 Td (, or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.91 160.10 Td (2.73%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.74 160.10 Td ( ef) Tj ET Q q 0 0 0 rg BT 315.83 160.10 Td (fective tax rate reduction. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.83 160.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.83 160.10 Td (, the ef) Tj ET Q q 0 0 0 rg BT 481.13 160.10 Td (fective tax rate was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (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 374.05 148.10 Td ($1.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.94 148.10 Td (, or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.71 148.10 Td (2.04%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.54 148.10 Td ( ef) Tj ET Q q 0 0 0 rg BT 481.63 148.10 Td (fective tax rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (reduction, and a benefit of $1.8 million, or a 2.88% ef) Tj ET Q q 0 0 0 rg BT 265.31 136.10 Td (fective tax rate reduction, resulting primarily from recording a $1.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (million benefit from a return to provision and deferred tax analysis completed in third quarter 2014.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (For the years ended ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.75 100.10 Td (December31, 2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 211.34 100.10 Td ( and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 231.34 100.10 Td (2013) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.34 100.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (The income tax expense and ef) Tj ET Q q 0 0 0 rg BT 173.93 82.10 Td (fective tax rate include both federal and state income taxes. In 2014, income tax expense was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td ($20.2 million with an ef) Tj ET Q q 0 0 0 rg BT 146.20 70.10 Td (fective tax rate of 31.83%, compared to an income tax expense of $17.6 million and an ef) Tj ET Q q 0 0 0 rg BT 503.95 70.10 Td (fective tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (rate of 35.00% for 2013. Income tax expense was driven primarily by net income before taxes of $63.4 million and $50.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.10 Td (million, for the years ended December31, 2014 and 2013, respectively) Tj ET Q q 0 0 0 rg BT 333.43 46.10 Td (. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.26 46.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.26 46.10 Td (, the ef) Tj ET Q q 0 0 0 rg BT 396.56 46.10 Td (fective tax rate was reduced due to a tax ) Tj ET Q endstream endobj 129 0 obj <>] /Rotate 0 /Contents 130 0 R>> endobj 130 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (benefit resulting from bank-owned life insurance income of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.03 742.10 Td ($1.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.92 742.10 Td (, or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.69 742.10 Td (2.04%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.52 742.10 Td ( ef) Tj ET Q q 0 0 0 rg BT 398.61 742.10 Td (fective tax rate reduction, and a benefit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (of $1.8 million, or a 2.88% ef) Tj ET Q q 0 0 0 rg BT 168.41 730.10 Td (fective tax rate reduction, resulting primarily from recording a $1.5 million benefit from a return ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (to provision and deferred tax analysis completed in third quarter 2014. In 2013, the ef) Tj ET Q q 0 0 0 rg BT 395.00 718.10 Td (fective tax rate was reduced due to a tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (benefit resulting from bank-owned life insurance income of $0.9 million, or a 1.73% ef) Tj ET Q q 0 0 0 rg BT 398.61 706.10 Td (fective tax rate reduction. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (For additional information regarding the Bancorp) Tj ET Q q 0 0 0 rg BT 250.78 682.10 Td (s income taxes, refer to NOTE 15 INCOME ) Tj ET Q q 0 0 0 rg BT 441.66 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 446.97 682.10 Td (AXES.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.20 622.10 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 303.32 622.10 Td ( CONDITION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.50 598.10 Td (GENERAL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 574.10 Td (otal assets were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.66 574.10 Td ($8.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.78 574.10 Td ( at December 31, 2015. ) Tj ET Q q 0 0 0 rg BT 264.90 574.10 Td (This represented a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.70 574.10 Td ($1.6 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.81 574.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.64 574.10 Td (23.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.47 574.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.47 574.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.23 574.10 Td ( from total assets of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td ($6.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.11 562.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 562.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.91 562.10 Td (.) Tj ET Q q 0 0 0 rg BT 191.73 562.10 Td (The major change in our financial position occurred as the result of the growth in loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (receivable, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.02 550.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.77 550.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.77 550.10 Td ($1.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.88 550.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.71 550.10 Td (26.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 550.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.82 550.10 Td ($5.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.94 550.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 550.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.74 550.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.68 550.10 Td ($4.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.79 550.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.01 550.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 538.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Customers continued its ef) Tj ET Q q 0 0 0 rg BT 156.75 514.10 Td (forts to increase loan balances outstanding, particularly in the commercial loan portfolio. Multi-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (family loans increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.97 502.10 Td ($0.6 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.08 502.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.86 502.10 Td ($2.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.97 502.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.19 502.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.77 502.10 Td (. Commercial loans and lines of credit to mortgage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (companies increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 490.10 Td ($0.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.13 490.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.91 490.10 Td ($1.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.02 490.10 Td ( at December 31, 2015. ) Tj ET Q q 0 0 0 rg BT 348.27 490.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 398.17 490.10 Td (, commercial and industrial loans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (including owner) Tj ET Q q 0 0 0 rg BT 115.06 478.10 Td (-occupied commercial real estate, increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.69 478.10 Td ($0.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.80 478.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.58 478.10 Td ($1.1 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.69 478.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.91 478.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.49 478.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 454.10 Td (otal liabilities were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.55 454.10 Td ($7.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.66 454.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.88 454.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.46 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 276.28 454.10 Td (This represented a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.08 454.10 Td ($1.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.20 454.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.03 454.10 Td (23.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.86 454.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.86 454.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.61 454.10 Td ( from total liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.33 442.10 Td ($6.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.44 442.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.66 442.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.24 442.10 Td (. ) Tj ET Q q 0 0 0 rg BT 205.06 442.10 Td (The increase in total liabilities resulted primarily from a higher level of deposits in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.74 442.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.74 442.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.20 430.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.20 430.10 Td (. ) Tj ET Q q 0 0 0 rg BT 127.02 430.10 Td (T) Tj ET Q q 0 0 0 rg BT 132.43 430.10 Td (otal deposits grew by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.20 430.10 Td ($1.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.31 430.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.14 430.10 Td (30.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.97 430.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.25 430.10 Td ($5.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.36 430.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.58 430.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.16 430.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.60 430.10 Td ($4.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.71 430.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 418.10 Td (. Deposit growth was primarily the result of marketing ef) Tj ET Q q 0 0 0 rg BT 356.68 418.10 Td (forts tar) Tj ET Q q 0 0 0 rg BT 387.88 418.10 Td (geted to attract municipal and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (government deposits. ) Tj ET Q q 0 0 0 rg BT 137.86 406.10 Td (T) Tj ET Q q 0 0 0 rg BT 143.62 406.10 Td (ransaction deposits increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.24 406.10 Td ($0.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.36 406.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.19 406.10 Td (26.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.02 406.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.30 406.10 Td ($3.6 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.41 406.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.63 406.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.21 406.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 406.10 Td ($2.8 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 394.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.33 394.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.91 394.10 Td (, with non-interest bearing deposits increasing by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.31 394.10 Td ($107 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.71 394.10 Td (. Certificates of deposit accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.75 382.10 Td ($0.6 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.87 382.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.70 382.10 Td (37.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.53 382.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.81 382.10 Td ($2.3 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.92 382.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.14 382.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.72 382.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.16 382.10 Td ($1.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.27 382.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.49 382.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.07 382.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (The following table sets forth certain key condensed balance sheet data:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 287.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 287.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 287.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 287.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 259.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 259.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 259.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 259.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 230.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 230.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 230.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 230.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 202.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 202.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 202.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 202.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 174.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 174.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 174.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 174.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 146.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 146.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 146.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 146.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 118.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 118.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 118.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 118.60 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 428.5 311.6 m 493.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 311.6 m 497.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 311.6 m 562.5 311.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 299.6 m 493.5 299.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 299.6 m 562.5 299.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 315.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.75 315.68 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 303.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 303.68 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 303.55 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 291.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 278.17 Td (Cash and cash equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 278.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 278.28 Td (264,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 278.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 278.17 Td (371,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 264.17 Td (Investment securities available for sale, at fair value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 264.28 Td (560,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 264.17 Td (416,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 250.17 Td (Loans held for sale \(includes $1,757,807 and $1,335,668, respectively at fair value\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 249.28 Td (1,797,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 249.27 Td (1,435,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 235.17 Td (Loans receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 235.28 Td (5,453,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 235.17 Td (4,312,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 221.17 Td (Total loans receivable, net of allowance for loan losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 221.28 Td (5,417,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 221.17 Td (4,281,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 207.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 207.17 Td (otal assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 207.28 Td (8,401,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 207.17 Td (6,825,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 193.17 Td (Total deposits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 193.28 Td (5,909,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 193.17 Td (4,532,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 179.17 Td (Federal funds purchased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 179.28 Td (70,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 179.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 165.17 Td (FHLB advances) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 165.28 Td (1,625,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 165.17 Td (1,618,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 151.17 Td (Other borrowings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 151.28 Td (88,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 151.17 Td (88,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 137.17 Td ( Subordinated debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 137.28 Td (110,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 137.17 Td (110,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 123.17 Td (Total liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 123.28 Td (7,847,411) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 123.17 Td (6,382,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 109.17 Td (Total shareholders equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 109.28 Td (553,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 109.17 Td (443,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 95.17 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 95.17 Td (otal liabilities and shareholders) Tj ET Q q 0 0 0 rg BT 185.69 95.17 Td ( equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 95.28 Td (8,401,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 95.17 Td (6,825,370) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 131 0 obj <>] /Rotate 0 /Contents 132 0 R>> endobj 132 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (64) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.45 742.25 Td (CASH ) Tj ET Q q 0 0 0 rg BT 263.18 742.25 Td (AND DUE FROM BANKS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Cash and due from banks consists mainly of vault cash and cash items in the process of collection.) Tj ET Q q 0 0 0 rg BT 446.12 718.25 Td (These balances totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.13 718.25 Td ($53.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 706.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.11 706.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.69 706.25 Td (.) Tj ET Q q 0 0 0 rg BT 174.51 706.25 Td (This represents a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.77 706.25 Td ($9.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.66 706.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.16 706.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.57 706.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.01 706.25 Td ($62.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.90 706.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.12 706.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.70 706.25 Td (.) Tj ET Q q 0 0 0 rg BT 504.52 706.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (balances vary from day to day) Tj ET Q q 0 0 0 rg BT 170.14 694.25 Td (, primarily due to variations in customers) Tj ET Q q 0 0 0 rg BT 337.41 694.25 Td ( deposits with the Bank.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.90 658.25 Td (INTEREST) Tj ET Q q 0 0 0 rg BT 279.56 658.25 Td (-EARNING DEPOSITS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (Interest earning deposits consist mainly of deposits at the Federal Reserve Bank of Philadelphia.) Tj ET Q q 0 0 0 rg BT 437.78 634.25 Td (These deposits totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 634.25 Td ($21) Tj ET Q q 0 0 0 rg BT 543.78 634.25 Td (1.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 622.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.11 622.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.69 622.25 Td (, which was a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.62 622.25 Td ($97.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.51 622.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.01 622.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.43 622.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.87 622.25 Td ($308.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.76 622.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.97 622.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.56 622.25 Td (. ) Tj ET Q q 0 0 0 rg BT 496.38 622.25 Td (This balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (varies from day to day) Tj ET Q q 0 0 0 rg BT 139.32 610.25 Td (, depending on several factors, such as variations in customers) Tj ET Q q 0 0 0 rg BT 391.01 610.25 Td ( deposits with the Bank and the payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.25 Td (of checks drawn on customers) Tj ET Q q 0 0 0 rg BT 173.66 598.25 Td ( accounts. ) Tj ET Q q 0 0 0 rg BT 215.97 598.25 Td (The decrease in 2015 was lar) Tj ET Q q 0 0 0 rg BT 332.12 598.25 Td (gely driven by the investment of amounts previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (held in interest-earning deposits in highly liquid mortgage-backed securities issued by U.S. government agencies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.90 550.25 Td (INVESTMENT) Tj ET Q q 0 0 0 rg BT 307.96 550.25 Td ( SECURITIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (The investment securities portfolio is an important source of interest income and liquidity) Tj ET Q q 0 0 0 rg BT 408.15 526.25 Td (. It consists of mortgage-backed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 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 50.00 502.25 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 50.00 490.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 83.24 490.25 Td (, provide collateral for other borrowings, and diversify the credit risk of earning assets. ) Tj ET Q q 0 0 0 rg BT 432.68 490.25 Td (The portfolio is structured to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (maximize net interest income, given changes in the economic environment, liquidity position and balance sheet mix.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 454.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 454.25 Td (, investment securities were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.66 454.25 Td ($560.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.55 454.25 Td ( compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.25 454.25 Td ($416.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.14 454.25 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.36 454.25 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.94 454.25 Td (. ) Tj ET Q q 0 0 0 rg BT 522.76 454.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.75 442.25 Td ( was primarily the result of the investment of amounts previously held in interest-earning deposits in highly liquid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (mortgage-backed securities issued by U.S. government agencies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (Unrealized gains and losses on available-for) Tj ET Q q 0 0 0 rg BT 226.68 406.25 Td (-sale securities are included in other comprehensive income and reported as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (separate component of shareholders) Tj ET Q q 0 0 0 rg BT 196.14 394.25 Td ( equity) Tj ET Q q 0 0 0 rg BT 222.99 394.25 Td (, net of the related tax ef) Tj ET Q q 0 0 0 rg BT 320.26 394.25 Td (fect.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (The following table sets forth the amortized cost of the investment securities at the last two fiscal year ends:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 355.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 309.35 350.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 309.35 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 309.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 309.35 75.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 282.35 350.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 282.35 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 282.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 282.35 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 254.35 350.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 254.35 75.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 254.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 254.35 75.00 -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 400.5 333.35 m 475.5 333.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475.5 333.35 m 479.5 333.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 333.35 m 554.5 333.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 321.35 m 475.5 321.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 321.35 m 554.5 321.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 240.35000000000002 m 475.5 240.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 240.35000000000002 m 554.5 240.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 240.35000000000002 m 475.5 240.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 227.35000000000002 m 475.5 227.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 400.5 225.35000000000002 m 475.5 225.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 240.35000000000002 m 554.5 240.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 227.35000000000002 m 554.5 227.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 225.35000000000002 m 554.5 225.35000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.75 337.43 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.50 325.43 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.50 325.30 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 312.61 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 300.08 Td (Available for Sale:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 286.92 Td (Residential mortgage-backed securities \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.00 287.03 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.15 287.03 Td (299,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 286.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 286.92 Td (376,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 272.92 Td (Commercial real estate mortgage-backed securities \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.15 273.03 Td (206,719) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.65 273.03 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 258.92 Td (Corporate notes \(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 259.03 Td (39,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 258.92 Td (15,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 244.92 Td (Equity securities \(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.15 245.03 Td (22,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.15 244.92 Td (23,074) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.00 231.03 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.15 231.03 Td (568,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.00 230.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 230.92 Td (414,928) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 212.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 200.45 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 200.45 Td (Consists entirely of mortgage-backed securities issued by government-sponsored agencies, including FHLMC, FNMA, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 188.45 Td (and GNMA) Tj ET Q q 0 0 0 rg BT 127.39 188.45 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.61 188.45 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.19 188.45 Td (. Consists primarily of mortgage-backed securities issued by government-sponsored ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 176.45 Td (agencies, including FHLMC, FNMA, and GNMA) Tj ET Q q 0 0 0 rg BT 280.44 176.45 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.66 176.45 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.24 176.45 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 164.45 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 164.45 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 48.95 152.45 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 152.45 Td (Consists primarily of equity securities in a foreign entity) Tj ET Q q 0 0 0 rg BT 305.87 152.45 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.45 Td (For financial reporting purposes, available-for) Tj ET Q q 0 0 0 rg BT 234.46 128.45 Td (-sale securities are carried at fair value.) Tj ET Q endstream endobj 133 0 obj <>] /Rotate 0 /Contents 134 0 R>> endobj 134 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (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 520.88 742.10 Td (Y) Tj ET Q q 0 0 0 rg BT 527.55 742.10 Td (ields are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (not reported on a tax-equivalent basis.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 715.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 629.20 136.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 629.20 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 629.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 629.20 49.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 629.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 629.20 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 629.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 629.20 45.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 629.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 629.20 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 629.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 629.20 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 629.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 629.20 56.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 591.20 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 591.20 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 591.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 591.20 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 591.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 591.20 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 591.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 591.20 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 591.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 591.20 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 591.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 591.20 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 591.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 591.20 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 552.20 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 552.20 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 552.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 552.20 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 552.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 552.20 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 552.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 552.20 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 552.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 552.20 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 552.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 552.20 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 552.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 552.20 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 524.20 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 524.20 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 524.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 524.20 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 524.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 524.20 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 524.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 524.20 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 524.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 524.20 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 524.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 524.20 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 524.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 524.20 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 496.20 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 496.20 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 496.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 496.20 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 496.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 496.20 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 496.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 496.20 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 496.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 496.20 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 496.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 496.20 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 496.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 496.20 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 468.20 136.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 186.50 468.20 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 231.50 468.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 468.20 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 284.50 468.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.50 468.20 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 468.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 468.20 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 468.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 468.20 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 468.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 468.20 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 468.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 468.20 56.00 -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 186.5 692.2 m 231.5 692.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 692.2 m 235.5 692.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 692.2 m 284.5 692.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 692.2 m 288.5 692.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 692.2 m 333.5 692.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 692.2 m 337.5 692.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 692.2 m 382.5 692.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 692.2 m 386.5 692.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 692.2 m 442.5 692.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 692.2 m 446.5 692.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 692.2 m 502.5 692.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 671.2 m 231.5 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 671.2 m 235.5 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 671.2 m 284.5 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 671.2 m 288.5 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 671.2 m 333.5 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 671.2 m 337.5 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 671.2 m 382.5 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 671.2 m 386.5 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 671.2 m 442.5 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 671.2 m 446.5 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 671.2 m 502.5 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 671.2 m 562.5 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 642.2 m 231.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 231.5 642.2 m 235.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 642.2 m 284.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 284.5 642.2 m 288.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 642.2 m 333.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 642.2 m 337.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 642.2 m 382.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 642.2 m 386.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 642.2 m 442.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442.5 642.2 m 446.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 642.2 m 502.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 642.2 m 506.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 642.2 m 562.5 642.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 482.2 m 231.5 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 482.2 m 284.5 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 482.2 m 333.5 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 482.2 m 382.5 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 482.2 m 442.5 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 482.2 m 502.5 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 482.2 m 562.5 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 482.2 m 231.5 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 469.2 m 231.5 469.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186.5 467.2 m 231.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 482.2 m 284.5 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 469.2 m 284.5 469.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 467.2 m 284.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 482.2 m 333.5 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 469.2 m 333.5 469.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288.5 467.2 m 333.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 482.2 m 382.5 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 469.2 m 382.5 469.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 467.2 m 382.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 482.2 m 442.5 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 469.2 m 442.5 469.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386.5 467.2 m 442.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 482.2 m 502.5 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 469.2 m 502.5 469.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 467.2 m 502.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 482.2 m 562.5 482.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 469.2 m 562.5 469.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506.5 467.2 m 562.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 467.2 m 382.5 467.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 469.2 m 382.5 469.2 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.75 696.43 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.00 696.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.00 675.43 Td (Amortized Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.70 683.43 Td (Fair) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.35 675.43 Td (V) Tj ET Q q 0 0 0 rg BT 529.39 675.43 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.20 654.43 Td (<) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 202.75 646.43 Td (1yr) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.15 654.43 Td (1 -5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.35 646.43 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.15 654.43 Td (5 -10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 301.35 646.43 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 345.45 654.43 Td (After) Tj ET Q q 0 0 0 rg BT 363.51 654.43 Td (10) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.35 646.43 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.10 662.43 Td (No) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.65 654.43 Td (Specific) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.40 646.43 Td (Maturity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 465.25 646.43 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.25 646.43 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 633.45 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 619.93 Td (Available for Sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 606.77 Td (Residential mortgage-backed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 596.77 Td (securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.00 595.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.00 595.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.00 595.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.00 595.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.00 595.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.00 595.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.00 595.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 595.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.00 595.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.50 595.88 Td (299,392) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 595.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.50 595.88 Td (299,392) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 595.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 595.88 Td (298,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 581.77 Td (Yield) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.50 581.88 Td (2.65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.00 581.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.50 581.88 Td (2.65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.00 581.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 581.88 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 567.77 Td (Commercial real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 557.77 Td (mortgage-backed securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.50 556.88 Td (206,719) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 556.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.50 556.88 Td (206,719) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 556.88 Td (202,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 542.77 Td (Yield) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.00 542.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.00 542.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.00 542.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 542.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.50 542.88 Td (2.80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.00 542.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.50 542.88 Td (2.80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.00 542.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 542.88 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 528.77 Td (Corporate notes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.00 528.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.00 528.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.50 528.88 Td (32,925) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.50 528.88 Td (7,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.00 528.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.50 528.88 Td (39,925) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 528.88 Td (40,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 514.77 Td (Yield) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.00 514.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.00 514.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 514.88 Td (5.59) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.00 514.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.50 514.88 Td (5.54) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.00 514.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.00 514.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.50 514.88 Td (5.58) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.00 514.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 514.88 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 500.77 Td (Equity securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.00 500.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.00 500.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.00 500.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 500.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.50 500.88 Td (22,514) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.50 500.88 Td (22,514) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 500.88 Td (19,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 486.77 Td (Yield) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.00 486.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.00 486.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.00 486.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 486.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.00 486.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.00 486.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.00 486.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.00 486.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 486.88 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 472.77 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 189.00 472.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.00 472.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.00 472.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.00 472.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.00 472.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.50 472.88 Td (32,925) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 340.00 472.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.50 472.88 Td (7,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.00 472.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.50 472.88 Td (528,625) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.00 472.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.50 472.88 Td (568,550) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 509.00 472.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 472.88 Td (560,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 458.77 Td (Weighted Average Yield) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.00 458.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.00 458.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.00 458.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.00 458.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 458.88 Td (5.59) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.00 458.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.50 458.88 Td (5.54) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.00 458.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.50 458.88 Td (2.60) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 432.00 458.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.50 458.88 Td (2.81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.00 458.88 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.70 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 50.00 418.70 Td (guarantees for the collection of principal and interest on the underlying mortgages. ) Tj ET Q q 0 0 0 rg BT 383.32 418.70 Td (The corporate notes in the portfolio include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.70 Td (subordinated notes issued by other bank holding companies.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.75 382.70 Td (LOANS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.70 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 50.00 346.70 Td (Bucks, Berks, Chester) Tj ET Q q 0 0 0 rg BT 138.48 346.70 Td (, Montgomery) Tj ET Q q 0 0 0 rg BT 195.04 346.70 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 50.00 334.70 Td (Jersey; and ) Tj ET Q q 0 0 0 rg BT 97.03 334.70 Td (W) Tj ET Q q 0 0 0 rg BT 105.66 334.70 Td (estchester County and New ) Tj ET Q q 0 0 0 rg BT 217.49 334.70 Td (Y) Tj ET Q q 0 0 0 rg BT 223.71 334.70 Td (ork City) Tj ET Q q 0 0 0 rg BT 256.11 334.70 Td (, New ) Tj ET Q q 0 0 0 rg BT 282.12 334.70 Td (Y) Tj ET Q q 0 0 0 rg BT 288.34 334.70 Td (ork; and the New England area. ) Tj ET Q q 0 0 0 rg BT 419.78 334.70 Td (The loans to mortgage banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.70 Td (companies portfolio is nation-wide. ) Tj ET Q q 0 0 0 rg BT 197.01 322.70 Td (The loan portfolio consists primarily of loans to support mortgage banking companies) Tj ET Q q 0 0 0 rg BT 543.70 322.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.70 Td (funding needs, multi-family/commercial real estate, construction, and commercial and industrial loans. ) Tj ET Q q 0 0 0 rg BT 463.86 310.70 Td (The Bank continues to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.70 Td (focus on small and middle market business loans to grow its commercial lending ef) Tj ET Q q 0 0 0 rg BT 383.36 298.70 Td (forts, establish a specialty lending business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.70 Td (and expand its consumer lending products, as outlined below:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 262.70 Td (Commer) Tj ET Q q 0 0 0 rg BT 84.07 262.70 Td (cial Lending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.70 Td (Customers' commercial lending is divided into four groups: Business Banking, Small and Middle Market Business Banking, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.70 Td (Multi-family and Commercial Real Estate Lending, and Mortgage Banking Lending. ) Tj ET Q q 0 0 0 rg BT 391.96 226.70 Td (This grouping is designed to allow for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.70 Td (greater resource deployment, higher standards of risk management, strong asset quality) Tj ET Q q 0 0 0 rg BT 398.13 214.70 Td (, lower interest rate risk and higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.70 Td (productivity levels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.70 Td (The commercial lending group focuses on companies with annual revenues ranging from $1 million to $50 million, which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.70 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 50.00 142.70 Td (The small and middle market business banking platform originates loans, including Small Business ) Tj ET Q q 0 0 0 rg BT 449.39 142.70 Td (Administration loans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.70 Td (through the branch network sales force and a team of dedicated relationship managers. ) Tj ET Q q 0 0 0 rg BT 398.57 130.70 Td (The support administration of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.70 Td (platform is centralized including risk management, product management, marketing, performance tracking and overall strategy) Tj ET Q q 0 0 0 rg BT 557.50 118.70 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.70 Td (Credit and sales training has been established for Customers' sales force, ensuring that it has small business experts in place ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.70 Td (providing appropriate financial solutions to the small business owners in its communities. ) Tj ET Q q 0 0 0 rg BT 410.79 94.70 Td (A) Tj ET Q q 0 0 0 rg BT 417.46 94.70 Td ( division approach focuses on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.70 Td (industries that of) Tj ET Q q 0 0 0 rg BT 117.03 82.70 Td (fer high asset quality and are deposit rich to drive profitability) Tj ET Q q 0 0 0 rg BT 364.64 82.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.70 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 46.70 Td (mortgage bankers for residential mortgage originations from loan closing until sale in the secondary market.Many providers of ) Tj ET Q endstream endobj 135 0 obj <>] /Rotate 0 /Contents 136 0 R>> endobj 136 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (liquidity in this segment exited the business in 2009 during a period of excessive market turmoil.Customers saw an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (opportunity to provide liquidity to this business segment at attractive spreads.) Tj ET Q q 0 0 0 rg BT 362.55 730.10 Td (There was also the opportunity to attract escrow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (deposits and to generate fee income in this business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (The goal of the mortgage banking businesses lending group is to provide liquidity to mortgage companies. ) Tj ET Q q 0 0 0 rg BT 478.35 694.10 Td (These loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (primarily used by mortgage companies to fund their pipelines from closing of individual mortgage loans until their sale into the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (secondary market. ) Tj ET Q q 0 0 0 rg BT 125.62 670.10 Td (The underlying residential loans are taken as collateral for Customers' loans. ) Tj ET Q q 0 0 0 rg BT 433.44 670.10 Td (As of December31, 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (loans in the warehouse lending portfolio totaled $1.8 billion and are designated as held for sale.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (The goal of the multi-family lending product 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 50.00 622.10 Td (covered markets, while cross selling other products and services. ) Tj ET Q q 0 0 0 rg BT 311.68 622.10 Td (This product primarily tar) Tj ET Q q 0 0 0 rg BT 415.09 622.10 Td (gets refinancing existing loans with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (other banks using conservative underwriting and provides purchase money for new acquisitions by borrowers. ) Tj ET Q q 0 0 0 rg BT 493.32 610.10 Td (The primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (collateral for these loans is a first lien mortgage on the multi-family property) Tj ET Q q 0 0 0 rg BT 356.48 598.10 Td (, plus an assignment of all leases related to such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (property) Tj ET Q q 0 0 0 rg BT 83.23 586.10 Td (. ) Tj ET Q q 0 0 0 rg BT 87.68 586.10 Td (As of December31, 2015, Customers had multi-family loans of $2.9 billion outstanding, comprising approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (40.7% of the total loan portfolio, compared to $2.3 billion, or approximately 40.2% of the total loan portfolio, at December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (As of December31, 2015, Customers had $6.9 billion in commercial loans outstanding, composing approximately 94.6% of its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (total loan portfolio, which includes loans held for sale, compared to $5.3 billion, composing approximately 92.5% at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (December31, 2014.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (Consumer Lending) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 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 50.00 454.10 Td (are conservative and lending is of) Tj ET Q q 0 0 0 rg BT 184.49 454.10 Td (fered to solidify customer relationships and grow relationship revenues in the long term. ) Tj ET Q q 0 0 0 rg BT 539.78 454.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (lending is important in Customers' ef) Tj ET Q q 0 0 0 rg BT 197.99 442.10 Td (forts to grow total relationship revenues for its consumer households. ) Tj ET Q q 0 0 0 rg BT 477.11 442.10 Td (As of December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (2015, the Bank had $391.7 million in consumer loans outstanding, or 5.4% of the Bank) Tj ET Q q 0 0 0 rg BT 402.18 430.10 Td (s total loan portfolio, which includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (loans held for sale. ) Tj ET Q q 0 0 0 rg BT 127.85 418.10 Td (The Bank plans to expand its product of) Tj ET Q q 0 0 0 rg BT 287.92 418.10 Td (ferings in real estate secured consumer lending.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Customers Bank has launched a community outreach program in Philadelphia to finance homeownership in urban ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (communities. ) Tj ET Q q 0 0 0 rg BT 106.11 382.10 Td (As part of this program, the Bank is of) Tj ET Q q 0 0 0 rg BT 260.07 382.10 Td (fering an Af) Tj ET Q q 0 0 0 rg BT 313.19 382.10 Td (fordable Mortgage Product. ) Tj ET Q q 0 0 0 rg BT 430.75 382.10 Td (This community outreach ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (program is penetrating the underserved population, especially in low-and moderate income neighborhoods. ) Tj ET Q q 0 0 0 rg BT 480.43 370.10 Td (As part of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (commitment, a loan production of) Tj ET Q q 0 0 0 rg BT 186.18 358.10 Td (fice was opened in Progress Plaza, 1501 North Broad Street, Philadelphia, P) Tj ET Q q 0 0 0 rg BT 490.20 358.10 Td (A. ) Tj ET Q q 0 0 0 rg BT 502.24 358.10 Td (The program ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (includes homebuyer seminars that prepare potential homebuyers for homeownership by teaching money management and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (budgeting skills, including the financial responsibilities that come with having a mortgage and owning a home. ) Tj ET Q q 0 0 0 rg BT 496.40 334.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (Af) Tj ET Q q 0 0 0 rg BT 64.81 322.10 Td (fordable Mortgage Product is of) Tj ET Q q 0 0 0 rg BT 197.37 322.10 Td (fered throughout Customers Bank) Tj ET Q q 0 0 0 rg BT 335.96 322.10 Td (s assessment areas.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (The composition of loans held for sale was as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 239.60 165.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 239.60 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 239.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 239.60 63.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 239.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 239.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 239.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 239.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 239.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 239.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 203.60 165.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 203.60 71.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 203.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 203.60 63.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 203.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 203.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 203.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 203.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 203.60 4.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 203.60 65.00 -23.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 157.60 165.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 157.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 157.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 157.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 157.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 157.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 157.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 157.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 157.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 157.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 121.60 165.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 121.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 121.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 121.60 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 121.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 121.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 121.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 121.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 491.50 121.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 121.60 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 215.5 263.6 m 286.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 263.6 m 290.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 263.6 m 353.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 263.6 m 357.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 263.6 m 422.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 263.6 m 426.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 263.6 m 491.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 263.6 m 495.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 263.6 m 560.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 251.60000000000002 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 290.5 251.60000000000002 m 353.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 251.60000000000002 m 422.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 251.60000000000002 m 491.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 251.60000000000002 m 560.5 251.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 180.60000000000002 m 286.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 180.60000000000002 m 353.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 180.60000000000002 m 422.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 180.60000000000002 m 491.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 180.60000000000002 m 560.5 180.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 121.60000000000002 m 286.5 121.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 121.60000000000002 m 353.5 121.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 121.60000000000002 m 422.5 121.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 121.60000000000002 m 286.5 121.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 108.60000000000002 m 286.5 108.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 106.60000000000002 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 290.5 108.60000000000002 m 353.5 108.60000000000002 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 353.5 106.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 108.60000000000002 m 422.5 108.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 106.60000000000002 m 422.5 106.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 121.60000000000002 m 491.5 121.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 108.60000000000002 m 491.5 108.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 106.60000000000002 m 491.5 106.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 121.60000000000002 m 560.5 121.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 108.60000000000002 m 560.5 108.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 106.60000000000002 m 560.5 106.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.25 267.68 Td (December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 242.50 255.68 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.50 255.68 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.50 255.68 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.50 255.68 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.70 255.68 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 243.68 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 230.17 Td (Commercial Loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 217.17 Td (Mortgage warehouse loans at fair) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 207.17 Td (value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.00 208.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.65 208.28 Td (1,754,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 208.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 208.27 Td (1,332,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 208.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 208.27 Td (740,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 208.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 208.27 Td (1,439,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 208.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 208.27 Td (174,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 194.17 Td (Multi-family loans at lower of cost) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 184.17 Td (or fair value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.15 185.28 Td (39,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.15 185.27 Td (99,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 185.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 185.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 185.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 171.17 Td (Total commercial loans held for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 161.17 Td (sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.65 162.28 Td (1,794,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 162.27 Td (1,431,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 162.27 Td (740,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 162.27 Td (1,439,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 162.27 Td (174,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 148.17 Td (Consumer Loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 134.17 Td (Residential mortgage loans at fair) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 124.22 Td (value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.15 126.28 Td (2,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 126.27 Td (3,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 126.27 Td (6,899) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 126.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 126.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 112.17 Td (Loans held for sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.00 112.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.65 112.28 Td (1,797,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 112.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 112.17 Td (1,435,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 112.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.15 112.17 Td (747,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 112.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 112.17 Td (1,439,889) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 112.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.15 112.17 Td (174,999) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 137 0 obj <>] /Rotate 0 /Contents 138 0 R>> endobj 138 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Because the period to submit losses for non-single family loans covered under the FDIC loss sharing agreements expired in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (third quarter 2015, and the balance of covered loans is not significant to Customers' total loan portfolio, the disaggregation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (between covered and non-covered loans is no longer presented in the disclosures that follow) Tj ET Q q 0 0 0 rg BT 418.40 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 425.35 718.10 Td (Additional disaggregation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (commercial real estate loan portfolio between owner occupied and non-owner occupied is presented for 2015 and 2014. For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (years prior) Tj ET Q q 0 0 0 rg BT 92.64 694.10 Td (, owner occupied and non-owner occupied are presented collectively as commercial real estate loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 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 50.50 623.60 166.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 623.60 346.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 596.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 596.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 596.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 596.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 596.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 596.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 596.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 596.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 596.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 596.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 568.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 568.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 568.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 568.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 568.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 568.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 568.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 568.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 568.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 568.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 540.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 540.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 540.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 540.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 540.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 540.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 540.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 540.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 540.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 540.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 514.60 166.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 514.60 71.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 514.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 514.60 64.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 514.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 514.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 514.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 514.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 514.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 514.60 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 487.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 487.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 487.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 487.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 487.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 487.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 487.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 487.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 487.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 487.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 459.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 459.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 459.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 459.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 459.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 459.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 459.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 459.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 459.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 459.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 430.60 166.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 430.60 71.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 430.60 4.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 430.60 64.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 430.60 4.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 430.60 65.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 430.60 4.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 430.60 65.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 430.60 4.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 430.60 65.00 -31.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 385.60 166.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 216.50 385.60 71.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 287.50 385.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 291.50 385.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 385.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 385.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 385.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 385.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 385.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 385.60 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 216.5 647.6 m 287.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287.5 647.6 m 291.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 647.6 m 355.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 647.6 m 359.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 647.6 m 424.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 647.6 m 428.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 647.6 m 493.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 647.6 m 497.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 647.6 m 562.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 635.6 m 287.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 635.6 m 355.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 635.6 m 424.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 635.6 m 493.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 635.6 m 562.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 540.6 m 287.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 540.6 m 355.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 540.6 m 424.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 540.6 m 493.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 540.6 m 562.5 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 459.6 m 287.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 459.6 m 355.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 459.6 m 424.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 459.6 m 493.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 459.6 m 562.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 445.6 m 287.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 445.6 m 355.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 445.6 m 424.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 445.6 m 493.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 445.6 m 562.5 445.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 385.6 m 287.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 372.6 m 287.5 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 216.5 370.6 m 287.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 385.6 m 355.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 372.6 m 355.5 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 370.6 m 355.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 385.6 m 424.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 372.6 m 424.5 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 370.6 m 424.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 385.6 m 428.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 372.6 m 428.5 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 370.6 m 428.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 385.6 m 493.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 372.6 m 493.5 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 370.6 m 493.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 385.6 m 497.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 372.6 m 497.5 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 370.6 m 497.5 370.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 385.6 m 562.5 385.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 372.6 m 562.5 372.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 370.6 m 562.5 370.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.75 651.68 Td (December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.50 639.68 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.00 639.68 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 639.68 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 639.68 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.70 639.68 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 627.68 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 614.17 Td ( Commercial:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 601.17 Td ( Multi-family) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.00 601.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.65 601.28 Td (2,909,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 601.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 601.17 Td (2,208,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 601.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 601.17 Td (1,064,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 601.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 601.17 Td (363,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 601.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 601.17 Td (70,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 587.17 Td ( Commercial and industrial \(a\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.65 587.28 Td (1,111,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 587.17 Td (785,669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 587.17 Td (296,595) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 587.17 Td (126,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 587.17 Td (123,784) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 573.17 Td ( Commercial real estate \(b\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.15 573.28 Td (956,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 573.17 Td (839,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 573.17 Td (753,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 573.17 Td (489,332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 573.17 Td (305,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 559.17 Td ( Construction) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.15 559.28 Td (87,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 559.17 Td (49,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 559.17 Td (42,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 559.17 Td (45,554) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 559.17 Td (35,605) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 545.17 Td ( Mortgage warehouse \(c\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.65 545.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.65 545.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 545.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 545.17 Td (9,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 545.17 Td (619,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 531.17 Td ( Total commercial loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.65 531.28 Td (5,064,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 531.17 Td (3,883,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 531.17 Td (2,157,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 531.17 Td (1,034,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 531.17 Td (1,154,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 505.17 Td ( Consumer:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 492.17 Td ( Residential real estate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.15 492.28 Td (271,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 492.17 Td (297,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 492.17 Td (163,920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 492.17 Td (129,960) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 492.17 Td (76,111) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 478.17 Td ( Manufactured housing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.15 478.28 Td (113,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 478.17 Td (126,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 478.17 Td (139,471) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 478.17 Td (153,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 478.17 Td (104,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 464.17 Td ( Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.15 464.28 Td (3,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 464.17 Td (4,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 464.17 Td (5,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 464.17 Td (5,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 464.17 Td (6,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 450.17 Td ( Total consumer loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.15 450.28 Td (388,811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 450.17 Td (428,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 450.17 Td (308,828) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 450.17 Td (289,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 450.17 Td (186,896) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.17 Td (Total loans receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.65 435.28 Td (5,453,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 435.27 Td (4,311,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 435.27 Td (2,465,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 435.27 Td (1,323,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 435.27 Td (1,341,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 421.17 Td ( Deferred costs \(fees\) and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 411.17 Td (unamortized premiums \(discounts\),) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 401.22 Td (net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 268.65 404.28 Td (334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 404.27 Td (512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.30 404.32 Td (\(912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 404.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 404.27 Td (1,157) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 404.32 Td (\(389) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 404.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 390.17 Td ( Allowance for loan losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.80 390.28 Td (\(35,647) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 283.65 390.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.80 390.22 Td (\(30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 390.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.80 390.22 Td (\(23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 390.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 390.22 Td (\(25,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 390.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 390.22 Td (\(15,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 390.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 376.17 Td ( Loans receivable, net of allowance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.00 376.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.65 376.28 Td (5,417,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.00 376.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 376.17 Td (4,281,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 376.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 376.17 Td (2,441,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 376.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 376.17 Td (1,298,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 376.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 376.17 Td (1,326,361) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 357.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 345.70 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 345.70 Td (Includes owner occupied commercial real estate loans for 2015 and 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 333.70 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 333.70 Td (Includes non-owner occupied commercial real estate loans for 2015 and 2014. For 2013, 2012 and 201) Tj ET Q q 0 0 0 rg BT 493.85 333.70 Td (1, includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 321.70 Td (owner occupied and non-owner occupied commercial real estate loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 309.70 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 309.70 Td (Beginning in third quarter 2012, certain mortgage warehouse lending transactions were documented under master ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 297.70 Td (repurchase agreements and classified as held for sale. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.70 Td (Loans to mortgage banking businesses and certain residential mortgage and multi-family loans expected to be sold are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.70 Td (classified as loans held for sale. Loans held for sale totaled $1.8 billion and $1.4 billion at December31, 2015 and 2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 249.70 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 249.70 Td (The mortgage warehouse product line provides financing to mortgage companies nationwide from the time of loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.70 Td (origination until the loans are sold into the secondary market. ) Tj ET Q q 0 0 0 rg BT 297.44 237.70 Td (As a mortgage warehouse lender) Tj ET Q q 0 0 0 rg BT 428.10 237.70 Td (, we provide a form of financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.70 Td (to mortgage bankers by purchasing for resale the underlying residential mortgages on a short-term basis under a master ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.70 Td (repurchase agreement. ) Tj ET Q q 0 0 0 rg BT 142.27 213.70 Td (W) Tj ET Q q 0 0 0 rg BT 150.90 213.70 Td (e are subject to the risks associated with such lending, including, but not limited to, the risks of fraud, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.70 Td (bankruptcy and default of the mortgage banker or of the underlying residential borrower) Tj ET Q q 0 0 0 rg BT 402.81 201.70 Td (, any of which could result in credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.70 Td (losses. ) Tj ET Q q 0 0 0 rg BT 78.71 189.70 Td (The mortgage warehouse lending employees monitor these mortgage originators by obtaining financial and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.70 Td (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 50.00 153.70 Td (Loans receivable, net of the allowance for loan losses, increased by $1.1 billion to $5.4 billion at December31, 2015 from $4.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.70 Td (billion at December31, 2014. ) Tj ET Q q 0 0 0 rg BT 171.73 141.70 Td (The increase in loans receivable, net of the allowance for loan losses, was attributable to higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.70 Td (balances in multi-family) Tj ET Q q 0 0 0 rg BT 147.10 129.70 Td (, commercial and industrial \(including owner occupied commercial real estate\) and non-owner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.70 Td (occupied commercial real estate loans, which increased $0.7 billion, $0.3 billion, and $0.1 billion, respectively) Tj ET Q q 0 0 0 rg BT 492.28 117.70 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.70 Td (December31, 2014. ) Tj ET Q q 0 0 0 rg BT 133.40 105.70 Td (The increase in these loan balances are the result of the Bank's successful execution of its or) Tj ET Q q 0 0 0 rg BT 501.56 105.70 Td (ganic growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.70 Td (strategy) Tj ET Q q 0 0 0 rg BT 81.01 93.70 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.70 Td (The following table sets forth Customers' commercial loans receivable as of December31, 2015, in terms of contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.70 Td (maturity date and interest rate characteristics: ) Tj ET Q endstream endobj 139 0 obj <>] /Rotate 0 /Contents 140 0 R>> endobj 140 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (68) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 691.50 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 691.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 691.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 691.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 691.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 691.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 691.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 691.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 663.50 240.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 663.50 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 663.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 663.50 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 663.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 663.50 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 663.50 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 663.50 65.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 625.50 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 625.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 625.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 625.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 625.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 625.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 625.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 625.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 597.50 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 597.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 597.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 597.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 597.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 597.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 597.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 597.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 569.50 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 569.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 569.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 569.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 569.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 569.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 569.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 569.50 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 290.5 703.5 m 355.5 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 703.5 m 424.5 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 703.5 m 493.5 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 703.5 m 562.5 703.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 611.5 m 355.5 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 611.5 m 424.5 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 611.5 m 493.5 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 611.5 m 562.5 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 611.5 m 355.5 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 598.5 m 355.5 598.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 596.5 m 355.5 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 611.5 m 424.5 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 598.5 m 424.5 598.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 596.5 m 424.5 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 611.5 m 493.5 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 598.5 m 493.5 598.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 596.5 m 493.5 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 611.5 m 562.5 611.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 598.5 m 562.5 598.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 596.5 m 562.5 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 555.5 m 355.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 555.5 m 424.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 555.5 m 493.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 555.5 m 562.5 555.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 542.5 m 355.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 540.5 m 355.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 542.5 m 359.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 540.5 m 359.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 542.5 m 424.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 540.5 m 424.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 542.5 m 428.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 540.5 m 428.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 542.5 m 493.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 540.5 m 493.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 542.5 m 497.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 540.5 m 497.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 542.5 m 562.5 542.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 540.5 m 562.5 540.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.55 715.73 Td (W) Tj ET Q q 0 0 0 rg BT 318.41 715.73 Td (ithin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.00 707.73 Td (one year) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 375.45 739.73 Td (After) Tj ET Q q 0 0 0 rg BT 393.51 739.73 Td (one) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.70 731.73 Td (but) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 380.60 723.73 Td (within) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.25 715.73 Td (five) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.35 707.73 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.45 723.73 Td (After) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.25 715.73 Td (five) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.35 707.73 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 520.75 707.73 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 695.45 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 682.07 Td (Commercial Loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 668.07 Td (Multi-family) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 668.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 668.18 Td (5,322) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 668.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.65 668.18 Td (1,886,364) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 668.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 668.18 Td (1,017,753) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 668.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 668.18 Td (2,909,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 654.07 Td (Commercial and industrial \(including owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 644.07 Td (commercial real estate\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 644.18 Td (147,103) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 644.18 Td (489,748) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 644.18 Td (474,549) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 644.18 Td (1,111,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 630.07 Td (Commercial real estate non-owner occupied) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 630.18 Td (41,665) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 630.18 Td (557,382) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 630.18 Td (357,208) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 630.18 Td (956,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 616.07 Td (Construction) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.65 616.18 Td (368) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 616.18 Td (48,568) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 616.18 Td (38,304) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 616.18 Td (87,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 602.07 Td (Total commercial loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 602.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 602.18 Td (194,458) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 602.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.65 602.18 Td (2,982,062) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 602.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 602.18 Td (1,887,814) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 602.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 602.18 Td (5,064,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 588.07 Td (Amount of such loans with:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 574.07 Td (Predetermined rates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 574.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 574.18 Td (51,343) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 574.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.65 574.18 Td (2,466,942) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 574.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 574.18 Td (1,186,577) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 574.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 574.18 Td (3,704,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 560.07 Td (Floating or adjustable rates) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 560.18 Td (143,115) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 560.18 Td (515,120) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 560.18 Td (701,237) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 560.18 Td (1,359,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 546.07 Td (Total commercial loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 546.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 546.18 Td (194,458) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 546.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.65 546.18 Td (2,982,062) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 546.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 546.18 Td (1,887,814) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 546.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 546.18 Td (5,064,334) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.15 494.00 Td (CREDIT) Tj ET Q q 0 0 0 rg BT 311.87 494.00 Td ( RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.00 Td (Customers Bancorp 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 50.00 458.00 Td (underwriting standards and collection ef) Tj ET Q q 0 0 0 rg BT 210.88 458.00 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 50.00 446.00 Td (considers the ef) Tj ET Q q 0 0 0 rg BT 112.57 446.00 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 50.00 434.00 Td (loan losses. Credit losses are char) Tj ET Q q 0 0 0 rg BT 184.23 434.00 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 50.00 422.00 Td (occurred, to the allowance for loan losses at least quarterly) Tj ET Q q 0 0 0 rg BT 284.26 422.00 Td (. ) Tj ET Q q 0 0 0 rg BT 289.08 422.00 Td (The allowance for loan losses is estimated at least quarterly) Tj ET Q q 0 0 0 rg BT 526.40 422.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.00 Td (The provision for loan losses was $20.6 million, $14.7 million, and $2.2 million for the years ended December31, 2015, 2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.00 Td (and 2013, respectively) Tj ET Q q 0 0 0 rg BT 139.60 386.00 Td (.) Tj ET Q q 0 0 0 rg BT 144.42 386.00 Td (The allowance for loan losses maintained for loans receivable \(excludes loans held for sale as estimable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.00 Td (credit losses are embedded in the fair values at which the loans are reported\) was $35.7 million, or 0.65% of total loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.00 Td (receivable, at December31, 2015 and $30.9 million, or 0.72% of total loans receivable, at December31, 2014.) Tj ET Q q 0 0 0 rg BT 495.78 362.00 Td (The percentage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.00 Td (of the allowance of loan losses to total loans receivable declined during 2015 primarily due to continued growth of the multi-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 338.00 Td (family and commercial real estate portfolios, which have lower reserving factors due to their notably better historical loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 326.00 Td (experience than other commercial loans. Net char) Tj ET Q q 0 0 0 rg BT 248.33 326.00 Td (ge-of) Tj ET Q q 0 0 0 rg BT 269.25 326.00 Td (fs were $12.0 million for the year ended December31, 2015, an increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 314.00 Td (of $8.9 million compared to $3.1 million for the year ending December31, 2014.) Tj ET Q q 0 0 0 rg BT 377.52 314.00 Td (The increase in net char) Tj ET Q q 0 0 0 rg BT 472.84 314.00 Td (ge of) Tj ET Q q 0 0 0 rg BT 492.93 314.00 Td (fs was driven by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.00 Td (the identification of a $9.0 million fraudulent loan that was char) Tj ET Q q 0 0 0 rg BT 305.58 302.00 Td (ged-of) Tj ET Q q 0 0 0 rg BT 331.49 302.00 Td (f in its entirety during 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.00 Td (Customers had approximately $13.8 million and $42.2 million in loans that were covered under loss share arrangements with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.00 Td (the FDIC as of December31, 2015 and 2014, respectively) Tj ET Q q 0 0 0 rg BT 282.34 266.00 Td (. ) Tj ET Q q 0 0 0 rg BT 287.16 266.00 Td (The period to submit losses for non-single family loans under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.00 Td (loss sharing agreements expired in third quarter 2015. ) Tj ET Q q 0 0 0 rg BT 267.82 254.00 Td (The period to submit losses for single family loans expires in third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.00 Td (quarter 2017. ) Tj ET Q q 0 0 0 rg BT 105.63 242.00 Td (The final maturity of the FDIC loss sharing agreements occurs in third quarter 2020.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.00 Td (Customers Bank considers the covered loans in estimating the allowance for loan losses and considers recovery of estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.00 Td (credit losses from the FDIC in the FDIC indemnification asset. Refer to Critical ) Tj ET Q q 0 0 0 rg BT 377.99 206.00 Td (Accounting Policies herein and NOTE 3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.00 Td (SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 112.60 194.00 Td ( ) Tj ET Q q 0 0 0 rg BT 114.55 194.00 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 228.99 194.00 Td (AND BASIS OF PRESENT) Tj ET Q q 0 0 0 rg BT 341.83 194.00 Td (A) Tj ET Q q 0 0 0 rg BT 347.94 194.00 Td (TIONfor further discussion on the accounting for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.00 Td (the FDIC loss sharing receivable balance.) Tj ET Q endstream endobj 141 0 obj <>] /Rotate 0 /Contents 142 0 R>> endobj 142 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The chart below depicts the Bank's allowance for loan losses, excluding the ef) Tj ET Q q 0 0 0 rg BT 362.35 742.10 Td (fects of the FDIC receivable, for the periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (indicated.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 680.60 199.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 680.60 58.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 680.60 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 680.60 59.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 680.60 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 680.60 58.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 680.60 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 680.60 59.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 680.60 4.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 680.60 59.00 -28.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 638.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 638.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 638.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 638.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 638.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 638.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 638.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 608.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 608.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 608.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 608.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 608.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 608.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 608.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 578.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 578.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 578.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 578.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 578.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 578.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 578.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 578.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 578.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 578.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 548.60 199.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 548.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 548.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 548.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 548.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 548.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 548.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 548.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 548.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 548.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 519.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 519.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 519.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 519.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 519.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 519.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 519.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 519.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 519.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 519.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 489.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 489.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 489.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 489.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 489.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 489.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 489.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 489.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 489.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 489.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 459.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 459.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 459.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 459.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 459.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 459.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 459.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 459.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 459.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 459.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 429.60 199.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 429.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 429.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 429.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 429.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 429.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 429.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 429.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 429.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 429.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 390.60 199.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 390.60 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 390.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 311.50 390.60 59.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 390.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 390.60 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 390.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 390.60 59.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 495.50 390.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 390.60 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 249.5 706.6 m 307.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 706.6 m 311.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 706.6 m 370.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 706.6 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 432.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 706.6 m 436.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 706.6 m 495.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 706.6 m 499.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 706.6 m 558.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 693.6 m 307.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 693.6 m 370.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 693.6 m 432.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 693.6 m 495.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 693.6 m 558.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 563.6 m 307.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 563.6 m 370.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 563.6 m 432.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 563.6 m 495.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 563.6 m 558.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 563.6 m 307.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 548.6 m 307.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 563.6 m 370.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 548.6 m 370.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 563.6 m 432.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 548.6 m 432.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 563.6 m 495.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 548.6 m 495.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 563.6 m 558.5 563.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 548.6 m 558.5 548.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 459.6 m 307.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 459.6 m 370.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 459.6 m 432.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 459.6 m 495.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 459.6 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 249.5 444.6 m 307.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 459.6 m 370.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 444.6 m 370.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 444.6 m 432.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 444.6 m 495.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 444.6 m 558.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 444.6 m 307.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 444.6 m 370.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 444.6 m 432.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 444.6 m 495.5 444.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 444.6 m 558.5 444.6 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 249.5 391.6 m 307.5 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 389.6 m 307.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 391.6 m 370.5 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 311.5 389.6 m 370.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 391.6 m 432.5 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 389.6 m 432.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 391.6 m 495.5 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 389.6 m 495.5 389.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 391.6 m 558.5 391.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 389.6 m 558.5 389.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 710.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.25 710.83 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 697.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 270.00 697.83 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.50 697.85 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.00 697.85 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.50 697.85 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.60 697.85 Td (2011) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 684.85 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 657.28 Td (Beginning Balance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.00 657.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.50 657.28 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 657.27 Td (23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 657.27 Td (25,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 657.27 Td (15,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 657.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 657.27 Td (15,129) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 643.33 Td (Loan charge-offs: \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 629.17 Td (Construction) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.50 628.28 Td (1,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 628.27 Td (895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 628.27 Td (2,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 628.27 Td (2,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 628.27 Td (1,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 614.17 Td (Commercial and industrial \(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.50 613.28 Td (11,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 613.27 Td (1,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 613.27 Td (1,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 613.27 Td (522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 613.27 Td (2,543) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 599.17 Td (Commercial real estate \(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.00 598.28 Td (327) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 598.27 Td (1,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 598.27 Td (3,358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 598.27 Td (2,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 598.27 Td (5,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 584.17 Td (Residential real estate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.00 583.28 Td (276) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 583.27 Td (667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 583.27 Td (410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 583.27 Td (649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 583.27 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 569.17 Td (Other consumer) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.00 568.28 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 568.27 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 568.27 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 568.27 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 568.27 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 554.17 Td (Total Charge-offs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.50 553.28 Td (13,412) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 553.27 Td (4,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 553.27 Td (7,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 553.27 Td (6,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 553.27 Td (9,661) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 539.33 Td (Loan recoveries \(1\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 525.17 Td (Construction) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.00 524.28 Td (204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 524.27 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 524.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 524.27 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 524.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 510.17 Td (Commercial and industrial \(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.00 509.28 Td (562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 509.27 Td (736) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 509.27 Td (391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 509.27 Td (514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 509.27 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 495.17 Td (Commercial real estate \(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.00 494.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 494.27 Td (801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.65 494.27 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 494.27 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 494.27 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 480.17 Td (Residential real estate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.00 479.28 Td (575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.65 479.27 Td (265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 479.27 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 479.27 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 479.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 465.17 Td (Other consumer) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.00 464.28 Td (92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 464.27 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.65 464.27 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 464.27 Td (114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 464.27 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 450.17 Td (Total Recoveries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.50 449.28 Td (1,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 449.27 Td (1,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 449.27 Td (444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 449.27 Td (700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 449.27 Td (114) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 435.33 Td (Total net charge-offs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.50 434.28 Td (11,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.15 434.27 Td (3,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 434.27 Td (6,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 434.27 Td (5,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 434.27 Td (9,547) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 420.33 Td (Provision for loan losses \(4\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.50 419.28 Td (16,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 419.27 Td (10,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.15 419.27 Td (5,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 419.27 Td (16,271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 419.27 Td (9,450) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 395.28 Td (Ending Balance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.00 395.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.50 395.28 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.00 395.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 395.27 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 395.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 395.27 Td (23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 395.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.15 395.27 Td (25,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 395.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.15 395.27 Td (15,032) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 381.33 Td (Net charge-offs as a percentage of average) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 371.33 Td (loans receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.50 371.28 Td (0.26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 297.00 371.28 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 371.27 Td (0.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 371.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.15 371.27 Td (0.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.65 371.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 371.27 Td (0.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.65 371.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 371.27 Td (1.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 371.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 352.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 340.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 340.70 Td (Char) Tj ET Q q 0 0 0 rg BT 99.71 340.70 Td (ge-of) Tj ET Q q 0 0 0 rg BT 120.63 340.70 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 80.45 328.70 Td (basis when the pool matures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 316.70 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 316.70 Td (Includes owner occupied commercial real estate loans for 2015 and 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.70 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 81.50 304.70 Td (Includes non-owner occupied commercial real estate loans for 2015 and 2014. For 2013, 2012 and 201) Tj ET Q q 0 0 0 rg BT 494.90 304.70 Td (1, includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 292.70 Td (owner occupied and non-owner occupied commercial real estate loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.70 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 81.50 280.70 Td (The provision amounts exclude the \(cost\)/benefit of the FDIC loss share arrangements of $\(3.9\) million, $\(4.7\) million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 268.70 Td ($2.8 million, $2.0 million, and $2.0 million, respectively) Tj ET Q q 0 0 0 rg BT 307.77 268.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.70 Td (The allowance for loan losses is based on a periodic 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 50.00 220.70 Td (management considers adequate to absorb probable losses incurred as of the balance sheet date.) Tj ET Q q 0 0 0 rg BT 434.58 220.70 Td (All commercial loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.70 Td (assigned credit risk ratings, based upon an assessment of the borrower) Tj ET Q q 0 0 0 rg BT 330.36 208.70 Td (, the structure of the transaction and the available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.70 Td (collateral and/or guarantees.) Tj ET Q q 0 0 0 rg BT 164.95 196.70 Td (All loans are monitored regularly by the responsible of) Tj ET Q q 0 0 0 rg BT 384.15 196.70 Td (ficer) Tj ET Q q 0 0 0 rg BT 402.07 196.70 Td (, and the risk ratings are adjusted when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.70 Td (considered appropriate.) Tj ET Q q 0 0 0 rg BT 146.17 184.70 Td (The risk assessment allows management to identify problem loans timely) Tj ET Q q 0 0 0 rg BT 439.07 184.70 Td (.Management considers a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.70 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 50.00 160.70 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 470.15 160.70 Td (Accounting Policies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.70 Td (herein and NOTE 3 SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 205.62 148.70 Td ( ) Tj ET Q q 0 0 0 rg BT 207.57 148.70 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 322.02 148.70 Td (AND BASIS OF PRESENT) Tj ET Q q 0 0 0 rg BT 434.85 148.70 Td (A) Tj ET Q q 0 0 0 rg BT 440.96 148.70 Td (TIONfor further discussion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.70 Td (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 50.00 112.70 Td (Approximately 80%of the Bank) Tj ET Q q 0 0 0 rg BT 183.31 112.70 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 50.00 100.70 Td (commercial and industrial loan types have real estate as collateral \(collectively) Tj ET Q q 0 0 0 rg BT 364.21 100.70 Td (, the real estate portfolio\). ) Tj ET Q q 0 0 0 rg BT 478.70 100.70 Td (The Bank) Tj ET Q q 0 0 0 rg BT 520.63 100.70 Td (s lien ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.70 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 76.70 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 479.56 76.70 Td (s credit group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.70 Td (determines that the facts and circumstances have significantly changed since the date of the last appraisal, including that real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.70 Td (estate values have deteriorated.) Tj ET Q q 0 0 0 rg BT 177.26 52.70 Td (The credit committee and loan of) Tj ET Q q 0 0 0 rg BT 310.08 52.70 Td (ficers review loans that are fifteen or more days delinquent ) Tj ET Q endstream endobj 143 0 obj <>] /Rotate 0 /Contents 144 0 R>> endobj 144 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (and all non-accrual loans on a periodic basis.In addition, loans where the loan of) Tj ET Q q 0 0 0 rg BT 374.16 742.10 Td (ficers have identified a borrower of interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (are discussed to determine if additional analysis is necessary to apply the risk rating criteria properly) Tj ET Q q 0 0 0 rg BT 451.72 730.10 Td (.) Tj ET Q q 0 0 0 rg BT 456.54 730.10 Td (The risk ratings for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (real estate loan portfolio are determined based upon the current information available, including but not limited to discussions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (with the borrower) Tj ET Q q 0 0 0 rg BT 121.25 706.10 Td (, updated financial information, economic conditions within the geographic area and other factors that may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 694.10 Td (fect 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 50.00 682.10 Td (analysisis used to determine the estimated fair value of the underlying collateral and compared, net of estimated selling costs, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (to the outstanding loan balance to measure a specific reserve.) Tj ET Q q 0 0 0 rg BT 296.85 670.10 Td (Appraisals used in this evaluation process are typically less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (two years aged.For loans where real estate is not the primary source of collateral, updated financial information is obtained, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (including accounts receivable and inventory aging reports and relevant supplemental financial data to estimate the fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (the loan and compared, net of estimated selling costs, to the outstanding loan balance to estimate the required reserve.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 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 50.00 598.10 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 50.00 586.10 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 50.00 574.10 Td (in the various credit portfolios, all of which require judgment and may be susceptible to significant change overtime and as a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (result of changing economic conditions or other factors.Pursuant to ) Tj ET Q q 0 0 0 rg BT 323.55 562.10 Td (ASC 450 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 363.00 562.10 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.21 562.10 Td ( and ) Tj ET Q q 0 0 0 rg BT 439.10 562.10 Td (ASC 310-40 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 491.88 562.10 Td (T) Tj ET Q q 0 0 0 rg BT 496.89 562.10 Td (r) Tj ET Q q 0 0 0 rg BT 500.42 562.10 Td (oubled Debt ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Restructurings by Cr) Tj ET Q q 0 0 0 rg BT 133.52 550.10 Td (editors,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.79 550.10 Td ( impaired loans, consisting primarily of non-accrual and restructured loans, are considered in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (methodology for determining the allowance for credit losses.Impaired loans are generally evaluated based on the expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (future cash flows or the fair value of the underlying collateral \(less estimated costs to sell\) if principal repayment is expected to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (come from the sale or operation of such collateral.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (The following table shows the allowance for loan losses by various loan portfolios:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 475.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 368.20 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 368.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 368.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 178.50 368.20 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 368.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 368.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 368.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 368.20 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 368.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 368.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 368.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 368.20 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 368.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 368.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 368.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 368.20 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 368.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 368.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 368.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 368.20 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 329.20 83.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 329.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 329.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 178.50 329.20 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 329.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 329.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 329.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 329.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 329.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 329.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 329.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 329.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 329.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 329.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 329.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 329.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 329.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 329.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 329.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 329.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 290.20 83.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 290.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 290.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 178.50 290.20 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 290.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 290.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 290.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 290.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 290.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 290.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 290.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 290.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 290.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 290.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 290.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 290.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 290.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 290.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 290.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 290.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 250.20 83.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 250.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 250.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 178.50 250.20 40.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 250.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 250.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 250.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 250.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 250.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 250.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 349.50 250.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 250.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 390.50 250.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 394.50 250.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 250.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 250.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 476.50 250.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 250.20 41.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 250.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 525.50 250.20 37.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 200.20 83.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 133.50 200.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 174.50 200.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 178.50 200.20 40.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 218.50 200.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 222.50 200.20 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 200.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 200.20 37.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 304.50 200.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 308.50 200.20 41.00 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1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 453.20000000000005 m 218.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 218.5 453.20000000000005 m 222.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 453.20000000000005 m 263.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 453.20000000000005 m 267.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 453.20000000000005 m 304.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 453.20000000000005 m 308.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 453.20000000000005 m 349.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 453.20000000000005 m 353.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 453.20000000000005 m 390.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 453.20000000000005 m 394.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 453.20000000000005 m 435.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 453.20000000000005 m 439.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 453.20000000000005 m 476.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 453.20000000000005 m 480.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 453.20000000000005 m 521.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 453.20000000000005 m 525.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 453.20000000000005 m 562.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 441.20000000000005 m 174.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 174.5 441.20000000000005 m 178.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 441.20000000000005 m 218.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 441.20000000000005 m 263.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 441.20000000000005 m 267.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 441.20000000000005 m 304.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 441.20000000000005 m 349.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 441.20000000000005 m 353.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 441.20000000000005 m 390.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 390.5 441.20000000000005 m 394.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 453.20000000000005 m 435.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 441.20000000000005 m 435.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 441.20000000000005 m 439.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 441.20000000000005 m 476.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 441.20000000000005 m 480.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 453.20000000000005 m 521.5 453.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 441.20000000000005 m 521.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 441.20000000000005 m 525.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 441.20000000000005 m 562.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 380.20000000000005 m 174.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 441.20000000000005 m 218.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 380.20000000000005 m 218.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 380.20000000000005 m 263.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 380.20000000000005 m 304.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 380.20000000000005 m 349.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 380.20000000000005 m 390.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 441.20000000000005 m 435.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 380.20000000000005 m 435.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 380.20000000000005 m 476.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 441.20000000000005 m 480.5 441.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 380.20000000000005 m 521.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 380.20000000000005 m 562.5 380.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 186.20000000000005 m 174.5 186.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 186.20000000000005 m 218.5 186.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 186.20000000000005 m 263.5 186.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 186.20000000000005 m 304.5 186.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 186.20000000000005 m 349.5 186.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 186.20000000000005 m 390.5 186.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 186.20000000000005 m 435.5 186.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 186.20000000000005 m 476.5 186.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 186.20000000000005 m 521.5 186.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 186.20000000000005 m 562.5 186.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 173.20000000000005 m 174.5 173.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 133.5 171.20000000000005 m 174.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 173.20000000000005 m 218.5 173.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 178.5 171.20000000000005 m 218.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 173.20000000000005 m 263.5 173.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 222.5 171.20000000000005 m 263.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 173.20000000000005 m 304.5 173.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 171.20000000000005 m 304.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 173.20000000000005 m 349.5 173.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 308.5 171.20000000000005 m 349.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 173.20000000000005 m 390.5 173.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 171.20000000000005 m 390.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 173.20000000000005 m 435.5 173.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 394.5 171.20000000000005 m 435.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 173.20000000000005 m 476.5 173.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 171.20000000000005 m 476.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 173.20000000000005 m 521.5 173.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 171.20000000000005 m 521.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 173.20000000000005 m 562.5 173.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 525.5 171.20000000000005 m 562.5 171.20000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 457.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.25 457.28 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 445.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 167.50 445.28 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.00 445.28 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 341.00 445.28 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.00 445.28 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.20 445.28 Td (2011) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 384.45 Td () Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 136.80 399.32 Td (Allowance) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 140.95 391.82 Td (for) Tj ET Q q 0 0 0 rg BT 150.39 391.82 Td ( loan) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 144.50 384.32 Td (losses) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 181.70 421.82 Td (Per) Tj ET Q q 0 0 0 rg BT 192.80 421.82 Td (centof) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 184.10 414.32 Td (Loans in) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 190.70 406.82 Td (each) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 184.25 399.32 Td (category) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 186.60 391.82 Td (to total) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 189.65 384.32 Td (loans) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 226.25 399.35 Td (Allowance) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 230.70 391.85 Td (for loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 233.50 384.35 Td (losses) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 270.15 421.85 Td (Percentof) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 272.45 414.35 Td (Loans in) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 278.60 406.85 Td (each) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 272.55 399.35 Td (category) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 274.95 391.85 Td (to total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 277.55 384.35 Td (loans ) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 312.25 399.35 Td (Allowance) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 316.70 391.85 Td (for loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 319.50 384.35 Td (losses) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 356.15 421.85 Td (Percentof) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 358.45 414.35 Td (Loans in) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 364.60 406.85 Td (each) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 358.55 399.35 Td (category) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 360.95 391.85 Td (to total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 363.55 384.35 Td (loans) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 398.25 399.35 Td (Allowance) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 402.70 391.85 Td (for loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 405.50 384.35 Td (losses) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 442.15 421.85 Td (Percentof) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 444.45 414.35 Td (Loans in) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 450.60 406.85 Td (each) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 444.55 399.35 Td (category) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 446.95 391.85 Td (to total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 449.55 384.35 Td (loans) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 484.25 399.35 Td (Allowance) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 488.70 391.85 Td (for loan) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 491.50 384.35 Td (losses) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 528.15 421.85 Td (Percentof) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 530.45 414.35 Td (Loans in) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 536.60 406.85 Td (each) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 530.55 399.35 Td (category) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 532.95 391.85 Td (to total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 535.55 384.35 Td (loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 372.15 Td (\(amounts in thousands\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 359.46 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 358.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.10 358.77 Td (1,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.15 358.77 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 358.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.00 358.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.10 358.77 Td (1,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.10 358.77 Td (3.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 358.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 358.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 358.77 Td (2,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.10 358.77 Td (9.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 358.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 358.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.10 358.77 Td (3,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.10 358.77 Td (15.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 358.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 358.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.10 358.77 Td (4,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.10 358.77 Td (31.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 358.77 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 345.46 Td (Commercial and) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 336.46 Td (industrial \(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.10 333.87 Td (10,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.10 333.87 Td (28.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 333.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.10 333.87 Td (9,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 333.87 Td (29.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 333.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 333.87 Td (2,674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.10 333.87 Td (11.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 333.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.10 333.87 Td (1,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 333.87 Td (5.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 333.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.10 333.87 Td (1,441) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.10 333.87 Td (9.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 333.87 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 320.46 Td (Commercial real) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 311.46 Td (estate \(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.10 308.87 Td (8,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.10 308.87 Td (23.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 308.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.10 308.87 Td (9,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 308.87 Td (29.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 308.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.10 308.87 Td (11,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.10 308.87 Td (47.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 308.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.10 308.87 Td (13,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.10 308.87 Td (52.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 308.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.10 308.87 Td (5,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.10 308.87 Td (36.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 308.87 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 295.46 Td (Multi-family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.10 294.77 Td (12,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.10 294.77 Td (33.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 294.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.10 294.77 Td (8,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.10 294.77 Td (27.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 294.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 294.77 Td (4,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.10 294.77 Td (17.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 294.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.10 294.77 Td (1,794) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 294.77 Td (6.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 294.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.10 294.77 Td (1,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.10 294.77 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 294.77 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 281.46 Td (Residential real) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 272.46 Td (estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.10 269.87 Td (3,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.15 269.87 Td (9.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 269.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.10 269.87 Td (2,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.10 269.87 Td (8.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 269.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.10 269.87 Td (2,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.10 269.87 Td (10.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 269.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.10 269.87 Td (3,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.10 269.87 Td (12.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 269.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 269.87 Td (844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.10 269.87 Td (5.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 269.87 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 256.46 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.65 254.87 Td (133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.15 254.87 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 254.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.65 254.87 Td (114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.10 254.87 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 254.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 254.87 Td (130) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.10 254.87 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 254.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 254.87 Td (154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 254.87 Td (0.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 254.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 254.87 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.10 254.87 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 254.87 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 241.46 Td (Manufactured) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 232.46 Td (housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.65 229.87 Td (494) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.15 229.87 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 229.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.65 229.87 Td (262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.10 229.87 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 229.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.65 229.87 Td (614) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.10 229.87 Td (2.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 229.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 229.87 Td (750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 229.87 Td (2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 229.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 229.87 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 229.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 229.87 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 204.66 Td (Mortgage warehouse) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.65 204.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.65 204.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 204.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.65 204.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 204.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 204.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 204.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 204.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 204.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 204.87 Td (71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 204.87 Td (0.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 204.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 204.87 Td (929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.10 204.87 Td (6.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 204.87 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 53.00 191.46 Td (Residual reserve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.65 190.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.65 190.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 190.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.65 190.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 190.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 190.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.65 190.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.65 190.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 190.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.65 190.77 Td (722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.10 190.77 Td (2.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 190.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.65 190.77 Td (54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.10 190.77 Td (0.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 190.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.00 176.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.10 176.77 Td (35,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.10 176.77 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.65 176.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.00 176.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.10 176.77 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.10 176.77 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 176.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.00 176.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.10 176.77 Td (23,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.10 176.77 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.65 176.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.00 176.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.10 176.77 Td (25,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 176.77 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.65 176.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.00 176.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.10 176.77 Td (15,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.10 176.77 Td (100.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 176.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 158.30 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.30 Td (\(a\) Includes owner occupied commercial real estate loans for 2015 and 2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.30 Td (\(b\) Includes non-owner occupied commercial real estate loans for 2015 and 2014. For 2013, 2012 and 201) Tj ET Q q 0 0 0 rg BT 477.56 134.30 Td (1, includes owner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.30 Td (occupied and non-owner occupied commercial real estate loans.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 98.30 Td (ASSET) Tj ET Q q 0 0 0 rg BT 81.50 98.30 Td ( QUALITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.30 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 65.30 Td (were originated, and loans that were acquired.Customers' originated loans were subject to the current underwriting standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 53.30 Td (that were put in place in 2009. Management believes this additional information provides a better understanding of the risk in ) Tj ET Q endstream endobj 145 0 obj <>] /Rotate 0 /Contents 146 0 R>> endobj 146 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (the portfolio and the various types of reserves that are available to absorb loan losses that may arise in future periods.Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (losses from originated loans are absorbed by the allowance for loan loss reserves.Credit losses from acquired loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (absorbed by the allowance for loan losses, nonaccretable dif) Tj ET Q q 0 0 0 rg BT 290.56 718.10 Td (ference fair value marks, and cash reserves, as described below) Tj ET Q q 0 0 0 rg BT 542.85 718.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (The allowance for loan losses is to absorb only those losses estimated to have been incurred after acquisition, whereas the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (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 506.61 694.10 Td (This schedule ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (includes both loans held for sale and loans held for investment.) 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 230.25 659.53505859375 m 381.705078125 659.53505859375 l s q 0 0 0 rg BT 230.25 661.10 Td (Asset Quality at December) Tj ET Q q 0 0 0 rg BT 344.21 661.10 Td (31, 2015) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 592.60 138.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 592.60 42.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 592.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 234.50 592.60 43.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 592.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 592.60 32.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 313.50 592.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 592.60 40.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 592.60 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 592.60 44.00 -13.00 re f 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m 478.5 492.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 440.6 m 230.5 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 440.6 m 277.5 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 440.6 m 313.5 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 440.6 m 357.5 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 440.6 m 405.5 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 440.6 m 441.5 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 440.6 m 478.5 440.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 414.6 m 230.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 414.6 m 277.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 414.6 m 313.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 414.6 m 357.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 414.6 m 405.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 414.6 m 441.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 414.6 m 478.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 414.6 m 277.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 414.6 m 313.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 414.6 m 357.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 414.6 m 405.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 414.6 m 441.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 414.6 m 478.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 388.6 m 230.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 388.6 m 277.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 388.6 m 313.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 388.6 m 357.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 388.6 m 405.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 388.6 m 441.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 388.6 m 478.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 388.6 m 230.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 376.6 m 230.5 376.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 374.6 m 230.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 388.6 m 277.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 376.6 m 277.5 376.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 234.5 374.6 m 277.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 388.6 m 313.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 376.6 m 313.5 376.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 374.6 m 313.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 388.6 m 357.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 376.6 m 357.5 376.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 374.6 m 357.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 388.6 m 405.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 376.6 m 405.5 376.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 374.6 m 405.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 388.6 m 441.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 376.6 m 441.5 376.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 374.6 m 441.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 388.6 m 478.5 388.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 376.6 m 478.5 376.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 374.6 m 478.5 374.6 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 53 608.580078125 m 89.3828125 608.580078125 l s q 0 0 0 rg BT 53.00 609.83 Td (Loan Type) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 200.25 617.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 198.55 609.83 Td (Loans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.55 609.83 Td (Current) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 287.65 617.83 Td (30-90) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.55 609.83 Td (Days) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.55 641.83 Td (Gr) Tj ET Q q 0 0 0 rg BT 333.18 641.83 Td (eater) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.20 633.83 Td (than 90) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 328.55 625.83 Td (Days) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.55 617.83 Td (and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.20 609.83 Td (Accruing) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.55 625.83 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.20 617.83 Td (accrual/) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 369.55 609.83 Td (NPL) Tj ET Q q 0 0 0 rg BT 385.11 609.83 Td ( \(a\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.20 617.83 Td (OREO) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.10 609.83 Td (\(b\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.75 617.83 Td (NP) Tj ET Q q 0 0 0 rg BT 463.82 617.83 Td (A) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.65 609.83 Td (\(a\)+\(b\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.20 641.83 Td (NPL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 495.65 633.83 Td (to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.10 625.83 Td (Loan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.60 617.83 Td (T) Tj ET Q q 0 0 0 rg BT 495.34 617.83 Td (ype) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.30 609.83 Td (\(%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.25 641.83 Td (NP) Tj ET Q q 0 0 0 rg BT 540.32 641.83 Td (A) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 534.65 633.83 Td (to) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.25 625.83 Td (Loans +) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 526.20 617.83 Td (OREO) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 531.30 609.83 Td (\(%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 596.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.00 596.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 583.83 Td (Originated Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 570.85 Td (Multi-Family) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 570.85 Td (2,903,814) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 570.85 Td (2,903,814) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 570.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 570.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 570.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 570.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 570.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 570.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 570.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 570.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 570.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 557.85 Td (Commercial & Industrial \(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.25 557.85 Td (990,621) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.25 557.85 Td (987,783) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 557.85 Td (78) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 557.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.25 557.85 Td (2,760) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 557.85 Td (153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 557.85 Td (2,913) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 557.85 Td (0.28) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 557.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 557.85 Td (0.29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 557.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 543.85 Td (Commercial Real Estate Non-Owner) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 535.85 Td (Occupied) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.25 535.85 Td (906,544) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.25 535.85 Td (905,756) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 535.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 535.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 390.25 535.85 Td (788) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 535.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 535.85 Td (788) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 535.85 Td (0.09) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 535.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 535.85 Td (0.09) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 535.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 522.85 Td (Residential) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.25 522.85 Td (113,858) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.25 522.85 Td (113,757) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 522.85 Td (69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 522.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 522.85 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 522.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 522.85 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 522.85 Td (0.03) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 522.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 522.85 Td (0.03) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 522.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 509.85 Td (Construction) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 205.25 509.85 Td (87,006) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 252.25 509.85 Td (87,006) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 509.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 509.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 509.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 509.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 509.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 509.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 509.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 509.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 509.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 496.85 Td (Other Consumer) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.25 496.85 Td (712) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.25 496.85 Td (712) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 496.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 496.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 496.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 496.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 496.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 496.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 496.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.30 496.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 496.85 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.00 483.83 Td (Total Originated Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 483.85 Td (5,002,555) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 483.85 Td (4,998,828) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.30 483.85 Td (147) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 483.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.25 483.85 Td (3,580) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 483.85 Td (153) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 483.85 Td (3,733) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 483.85 Td (0.07) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 483.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 483.85 Td (0.07) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 483.85 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 470.83 Td (Loans Acquired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 457.85 Td (Bank Acquisitions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.25 457.85 Td (206,971) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.25 457.85 Td (190,117) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 457.85 Td (5,842) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 457.85 Td (6,269) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.25 457.85 Td (4,743) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 457.85 Td (4,379) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 457.85 Td (9,122) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 457.85 Td (2.29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 457.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 457.85 Td (4.32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 457.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 444.85 Td (Loan Purchases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.25 444.85 Td (243,619) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.25 444.85 Td (232,692) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 444.85 Td (3,898) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.25 444.85 Td (4,581) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.25 444.85 Td (2,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 426.30 444.85 Td (525) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 444.85 Td (2,973) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 444.85 Td (1.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 444.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 444.85 Td (1.22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 444.85 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.00 431.83 Td (Total Loans Acquired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 201.25 431.85 Td (450,590) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 248.25 431.85 Td (422,809) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 431.85 Td (9,740) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.25 431.85 Td (10,850) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.25 431.85 Td (7,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 431.85 Td (4,904) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 431.85 Td (12,095) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 431.85 Td (1.60) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 431.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 431.85 Td (2.66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 431.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 418.85 Td (Unearned Origination Fees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 215.25 418.85 Td (334) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 262.25 418.85 Td (334) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 418.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 418.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 418.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 418.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 418.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 405.83 Td (Total Loans Receivable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 405.85 Td (5,453,479) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 405.85 Td (5,421,971) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 405.85 Td (9,887) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.25 405.85 Td (10,850) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.25 405.85 Td (10,771) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 405.85 Td (5,057) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 405.85 Td (15,828) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 405.85 Td (0.20) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 405.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 405.85 Td (0.29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 405.85 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 392.83 Td (Total Loans Held for Sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 392.85 Td (1,797,064) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 392.85 Td (1,797,064) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 392.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 346.25 392.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 392.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.30 392.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 392.85 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.00 379.83 Td (Total Portfolio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 191.00 379.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 195.25 379.85 Td (7,250,543) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 237.00 379.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.25 379.85 Td (7,219,035) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.00 379.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 379.85 Td (9,887) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.00 379.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.25 379.85 Td (10,850) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.00 379.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.25 379.85 Td (10,771) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.00 379.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 379.85 Td (5,057) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.00 379.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.30 379.85 Td (15,828) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 379.85 Td (0.15) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.30 379.85 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.30 379.85 Td (0.22) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 549.30 379.85 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 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gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 503.75 m 300.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 503.75 m 343.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 503.75 m 389.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 503.75 m 435.5 503.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 477.75 m 257.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 477.75 m 300.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 477.75 m 343.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 477.75 m 389.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 477.75 m 435.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 477.75 m 257.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 465.75 m 257.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196.5 463.75 m 257.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 477.75 m 300.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 465.75 m 300.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 463.75 m 300.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 477.75 m 343.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 465.75 m 343.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304.5 463.75 m 343.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 477.75 m 389.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 465.75 m 389.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 463.75 m 389.5 463.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 477.75 m 435.5 477.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 465.75 m 435.5 465.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 463.75 m 435.5 463.75 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 53 688.730078125 m 89.3828125 688.730078125 l s q 0 0 0 rg BT 53.00 689.98 Td (Loan Type) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.30 689.98 Td (TotalLoans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.70 689.98 Td (NPL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 315.45 689.98 Td (ALL) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.30 697.98 Td (Cash) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 354.45 689.98 Td (Reserve) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 405.25 705.98 Td (T) Tj ET Q q 0 0 0 rg BT 409.85 705.98 Td (otal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.95 697.98 Td (Cr) Tj ET Q q 0 0 0 rg BT 412.13 697.98 Td (edit) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.85 689.98 Td (Reserves) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.35 705.98 Td (Reserves) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.70 697.98 Td (to Loans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.80 689.98 Td (\(%\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 498.85 705.98 Td (Reserves) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.10 697.98 Td (to NPLs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.30 689.98 Td (\(%\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 677.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 663.98 Td (Originated Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 651.00 Td (Multi-Family) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 651.00 Td (2,903,814) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.25 651.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.25 651.00 Td (12,016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 651.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 651.00 Td (12,016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 651.00 Td (0.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 651.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.20 651.00 Td (n/a) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 638.00 Td (Commercial & Industrial) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 638.00 Td (990,621) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.25 638.00 Td (2,760) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.25 638.00 Td (8,864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 638.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.25 638.00 Td (8,864) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 638.00 Td (0.89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 638.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 638.00 Td (321.16) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 638.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 625.00 Td (Commercial Real Estate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 625.00 Td (906,544) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.25 625.00 Td (788) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.25 625.00 Td (3,706) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 625.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.25 625.00 Td (3,706) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 625.00 Td (0.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 625.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 625.00 Td (470.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 625.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 612.00 Td (Residential) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 612.00 Td (113,858) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.25 612.00 Td (32) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.25 612.00 Td (1,992) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 612.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.25 612.00 Td (1,992) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 612.00 Td (1.75) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 612.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 500.30 612.00 Td (6,225.00) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 612.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 599.00 Td (Construction) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.30 599.00 Td (87,006) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.25 599.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.25 599.00 Td (1,074) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 599.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.25 599.00 Td (1,074) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 599.00 Td (1.23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 599.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.20 599.00 Td (n/a) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 586.00 Td (Other Consumer) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.30 586.00 Td (712) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.25 586.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.30 586.00 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 586.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 428.30 586.00 Td (9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 586.00 Td (1.26) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 586.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.20 586.00 Td (n/a) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.00 572.98 Td (Total Originated Loans) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 573.00 Td (5,002,555) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.25 573.00 Td (3,580) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.25 573.00 Td (27,661) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 573.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 573.00 Td (27,661) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 573.00 Td (0.55) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 573.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 573.00 Td (772.65) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 573.00 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 559.98 Td (Loans Acquired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 547.00 Td (Bank Acquisitions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 547.00 Td (206,971) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.25 547.00 Td (4,743) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.25 547.00 Td (7,492) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 547.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.25 547.00 Td (7,492) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 547.00 Td (3.62) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 547.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 547.00 Td (157.96) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 547.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 534.00 Td (Loan Purchases) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 534.00 Td (243,619) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.25 534.00 Td (2,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.25 534.00 Td (494) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.25 534.00 Td (1,159) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.25 534.00 Td (1,653) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 534.00 Td (0.68) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 534.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 534.00 Td (67.52) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 534.00 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 65.00 520.98 Td (Total Loans Acquired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 521.00 Td (450,590) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 279.25 521.00 Td (7,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.25 521.00 Td (7,986) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.25 521.00 Td (1,159) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.25 521.00 Td (9,145) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 521.00 Td (2.03) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 521.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 521.00 Td (127.17) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 521.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 59.00 508.00 Td (Unearned Origination Fees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 242.30 508.00 Td (334) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 494.98 Td (Total Loans Held for Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 495.00 Td (5,453,479) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.25 495.00 Td (10,771) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.25 495.00 Td (35,647) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.25 495.00 Td (1,159) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 495.00 Td (36,806) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 495.00 Td (0.67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 495.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 495.00 Td (341.71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 495.00 Td (%) Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 53.00 481.98 Td (Total Loans Held for Sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 482.00 Td (1,797,064) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.25 482.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.25 482.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.30 482.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.30 482.00 Td () Tj ET Q BT /F3 8.00 Tf ET q 0 0 0 rg BT 77.00 468.98 Td (Total Portfolio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 199.00 469.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.25 469.00 Td (7,250,543) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.00 469.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.25 469.00 Td (10,771) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.00 469.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 318.25 469.00 Td (35,647) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 350.00 469.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 368.25 469.00 Td (1,159) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.00 469.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.25 469.00 Td (36,806) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.25 469.00 Td (0.51) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.30 469.00 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.30 469.00 Td (341.71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 528.30 469.00 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 435.25 Td (Originated Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.25 Td (Post 2009 originated loans \(excluding held-for) Tj ET Q q 0 0 0 rg BT 236.15 417.25 Td (-sale loans\) totaled $5.0 billion, or 69.0%, of total loans at December 31, 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.25 Td (compared to $3.8 billion, or 66.7%, at December31, 2014. ) Tj ET Q q 0 0 0 rg BT 288.10 405.25 Td (The new management team adopted new underwriting standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.25 Td (that management believes better limits risks of loss. Only $3.6 million, or 0.07%, of the post 2009 loans were non-performing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.25 Td (at December 31, 2015. Only $2.9 million, or 0.08%, of the post 2009 loans were non-performing at December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 533.04 381.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.25 Td (post 2009 originated loans were supported by an allowance for loan losses of $27.7 million \(0.55% of post 2009 originated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.25 Td (loans\) and $21.1 million \(0.55% of post 2009 originated loans\) at December 31, 2015 and 2014, respectively) Tj ET Q q 0 0 0 rg BT 484.81 357.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 339.25 Td (Loans ) Tj ET Q q 0 0 0 rg BT 76.77 339.25 Td (Acquir) Tj ET Q q 0 0 0 rg BT 103.62 339.25 Td (ed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.25 Td (At December 31, 2015, Customers reported $0.5 billion of acquired loans, which was 6.2% of total loans, compared to $0.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.25 Td (billion, or 8.3%, of total loans at December31, 2014.Non-performing acquired loans totaled $7.2 million at December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.25 Td (2015 and $8.8 million at December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 233.95 297.25 Td (When loans are acquired, they are recorded on the balance sheet at fair value. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.25 Td (Acquired loans include purchased portfolios, FDIC failed-bank acquisitions, and unassisted acquisitions. Of the manufactured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.25 Td (housing loans purchased from ) Tj ET Q q 0 0 0 rg BT 172.57 273.25 Td (T) Tj ET Q q 0 0 0 rg BT 177.98 273.25 Td (ammac prior to 2012, $63.4 million were supported by a $1.2 million cash reserve at December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.25 Td (31, 2015, compared to $70.6 million supported by a cash reserve of $3.0 million at December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 469.45 261.25 Td (The cash reserve was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.25 Td (created as part of the purchase transaction to absorb losses and is maintained in a demand deposit account at Customers. ) Tj ET Q q 0 0 0 rg BT 532.36 249.25 Td (All ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.25 Td (current losses and delinquent interest are absorbed by this reserve.For the manufactured housing loans purchased in 2012, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 225.25 Td (ammac has an obligation to pay the Customers the full payof) Tj ET Q q 0 0 0 rg BT 298.51 225.25 Td (f amount of the defaulted loan, including any principal, unpaid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.25 Td (interest, or advances on the loans, once the borrower vacates the property) Tj ET Q q 0 0 0 rg BT 342.85 213.25 Td (. ) Tj ET Q q 0 0 0 rg BT 347.29 213.25 Td (At December 31, 2015, $41.9million of these loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.25 Td (were outstanding, compared to $47.5 million at December 31, 2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.25 Td (Many of the acquired loans were purchased at a discount. ) Tj ET Q q 0 0 0 rg BT 282.24 177.25 Td (The price paid considered management) Tj ET Q q 0 0 0 rg BT 442.17 177.25 Td (s judgment as to the credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.25 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 381.98 165.25 Td (, management reassesses the risk and adjusts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.25 Td (the cash flow forecast to incorporate changes in the credit outlook. Generally) Tj ET Q q 0 0 0 rg BT 357.57 153.25 Td (, a decrease in forecasted cash flows for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.25 Td (purchased loan will result in a provision for loan losses, and absent char) Tj ET Q q 0 0 0 rg BT 337.80 141.25 Td (ge-of) Tj ET Q q 0 0 0 rg BT 358.72 141.25 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 50.00 129.25 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 50.00 117.25 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 50.00 105.25 Td (incorporated that expectation into the price paid. ) Tj ET Q q 0 0 0 rg BT 246.41 105.25 Td (There is a Special ) Tj ET Q q 0 0 0 rg BT 319.72 105.25 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 93.25 Td (non-performing assets. ) Tj ET Q q 0 0 0 rg BT 146.46 93.25 Td (T) Tj ET Q q 0 0 0 rg BT 151.88 93.25 Td (otal acquired loans were supported by reserves \(allowance for loan losses and cash reserves\) of $9.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.25 Td (million \(2.03% of total acquired loans\) and $12.9 million \(2.69% of total acquired loans\), respectively) Tj ET Q q 0 0 0 rg BT 458.13 81.25 Td (, at December 31, 2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.25 Td (and 2014. ) Tj ET Q endstream endobj 149 0 obj <>] /Rotate 0 /Contents 150 0 R>> endobj 150 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (73) 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, 2015, loans held for sale were $1.8 billion, or 24.8%, of the total loan portfolio, compared to $1.4 billion, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (25.0% of the total loan portfolio at December 31, 2014. ) Tj ET Q q 0 0 0 rg BT 274.48 712.10 Td (The loans held-for) Tj ET Q q 0 0 0 rg BT 348.14 712.10 Td (-sale portfolio at December 31, 2015 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, $39.3 million of multi-family loans and $2.9 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 $1.3 billion of loans to mortgage banking businesses, $99.8 million of multi-family loans and $3.6 million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (of residential mortgages loans at December 31, 2014. Held-for) Tj ET Q q 0 0 0 rg BT 300.27 676.10 Td (-sale loans are carried on our balance sheet at either fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (\(due to the election of the fair value option\) or the lower of cost of fair value. ) Tj ET Q q 0 0 0 rg BT 362.94 664.10 Td (An allowance for loan losses is not recorded on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (loans that are held for sale. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 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 50.00 604.10 Td (procedures designed to foster sound credit standards and monitoring practices.) Tj ET Q q 0 0 0 rg BT 366.12 604.10 Td (While various degrees of credit risk are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 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 520.15 592.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (December 31, 2015 and 2014, non-performing loans to total loans were 0.15% and 0.20%, respectively) Tj ET Q q 0 0 0 rg BT 462.29 580.10 Td (. ) Tj ET Q q 0 0 0 rg BT 469.61 580.10 Td (T) Tj ET Q q 0 0 0 rg BT 475.02 580.10 Td (otal reserves to non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (performing loans were 341.7% and 289.6%, respectively) Tj ET Q q 0 0 0 rg BT 276.78 568.10 Td (, at December 31, 2015 and 2014. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (The tables below set forth non-accrual loans and non-performing assets and asset quality ratios:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 517.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 483.20 171.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 483.20 341.00 -16.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 443.20 171.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 443.20 65.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 443.20 4.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 443.20 65.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 443.20 4.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 443.20 65.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 443.20 4.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 443.20 65.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 443.20 4.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 443.20 65.00 -9.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 420.20 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 420.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 420.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 420.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 420.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 420.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 420.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 420.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 420.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 420.20 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 221.5 495.2 m 286.5 495.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 495.2 m 290.5 495.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 495.2 m 355.5 495.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 495.2 m 359.5 495.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 495.2 m 424.5 495.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 495.2 m 428.5 495.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 495.2 m 493.5 495.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 495.2 m 497.5 495.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 495.2 m 562.5 495.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 483.2 m 286.5 483.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 483.2 m 355.5 483.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 483.2 m 424.5 483.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 483.2 m 493.5 483.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 483.2 m 562.5 483.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 444.2 m 286.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 442.2 m 286.5 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 444.2 m 355.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 442.2 m 355.5 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 444.2 m 424.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 442.2 m 424.5 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 444.2 m 493.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 442.2 m 493.5 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 444.2 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 497.5 442.2 m 562.5 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 406.2 m 286.5 406.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 406.2 m 355.5 406.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 406.2 m 424.5 406.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 406.2 m 493.5 406.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 406.2 m 562.5 406.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 406.2 m 286.5 406.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 393.2 m 286.5 393.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 391.2 m 286.5 391.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 406.2 m 355.5 406.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 393.2 m 355.5 393.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 391.2 m 355.5 391.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 406.2 m 424.5 406.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 393.2 m 424.5 393.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 391.2 m 424.5 391.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 406.2 m 493.5 406.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 393.2 m 493.5 393.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 391.2 m 493.5 391.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 406.2 m 562.5 406.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 393.2 m 562.5 393.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 391.2 m 562.5 391.2 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.25 499.28 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 487.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.50 487.28 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.50 487.15 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 487.15 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 487.15 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.60 487.15 Td (2011) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 471.45 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 457.77 Td (Loans 90+ days delinquent still) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 447.77 Td (accruing \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.00 447.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.15 447.88 Td (2,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 447.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 447.87 Td (4,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 447.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 447.87 Td (3,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 447.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 447.87 Td (1,966) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 447.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 447.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 424.77 Td (Non-accrual loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.15 424.88 Td (10,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 424.77 Td (11,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 424.77 Td (19,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 424.77 Td (32,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 424.77 Td (36,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 410.77 Td (OREO) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.15 410.88 Td (5,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 410.77 Td (15,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 410.77 Td (12,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 410.77 Td (8,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 410.77 Td (13,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 396.77 Td (Total non-performing assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.00 396.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.15 396.88 Td (15,828) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 396.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 396.88 Td (27,104) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 396.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 396.88 Td (31,428) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 396.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 396.88 Td (40,965) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 396.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 396.88 Td (50,108) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 380.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 380.70 Td (Excludes purchased-credit-impaired loans. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 317.80 221.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 317.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 317.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 317.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 317.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 317.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 317.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 317.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 317.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 317.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 267.80 221.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 267.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 267.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 267.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 267.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 267.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 267.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 267.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 267.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 267.80 55.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 217.80 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 217.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 217.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 217.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 217.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 217.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 217.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 217.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 217.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 217.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 187.80 221.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 271.50 187.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 187.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 187.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 385.50 187.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 187.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 187.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 187.80 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 187.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 187.80 55.00 -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 271.5 330.79999999999995 m 326.5 330.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 330.79999999999995 m 330.5 330.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 330.79999999999995 m 385.5 330.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 330.79999999999995 m 389.5 330.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 330.79999999999995 m 444.5 330.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 330.79999999999995 m 448.5 330.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 330.79999999999995 m 503.5 330.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 330.79999999999995 m 507.5 330.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 330.79999999999995 m 562.5 330.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 271.5 317.79999999999995 m 326.5 317.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 317.79999999999995 m 385.5 317.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 317.79999999999995 m 444.5 317.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 317.79999999999995 m 503.5 317.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 317.79999999999995 m 562.5 317.79999999999995 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 335.05 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.05 335.05 Td (December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 290.50 322.03 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.50 322.05 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.50 322.05 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.50 322.05 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.60 322.05 Td (2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 308.37 Td (Non-accrual loans to total loans receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.50 297.48 Td (0.20) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 297.48 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 297.47 Td (0.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 297.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 297.47 Td (0.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 297.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 297.47 Td (2.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 297.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 297.47 Td (2.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 297.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 283.37 Td (Non-accrual loans to total loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.50 272.48 Td (0.15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 272.48 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 272.47 Td (0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 272.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 272.47 Td (0.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 272.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 272.47 Td (1.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 272.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 272.47 Td (2.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 272.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 258.37 Td (Non-performing assets to total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.50 247.48 Td (0.19) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 247.48 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 247.47 Td (0.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 247.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 247.47 Td (0.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 247.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 247.47 Td (1.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 247.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 247.47 Td (2.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 247.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 233.37 Td (Non-accrual loans and 90+ days delinquent to total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 223.37 Td (assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.50 222.48 Td (0.16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 222.48 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 222.47 Td (0.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 222.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 222.47 Td (0.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 222.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 222.47 Td (1.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 222.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 222.47 Td (1.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 222.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 208.37 Td (Allowance for loan losses to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 193.37 Td (Total loans receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 298.50 192.48 Td (0.65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 192.48 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.15 192.47 Td (0.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 192.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 192.47 Td (0.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 192.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 192.47 Td (1.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 192.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 192.47 Td (1.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 192.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 178.37 Td (Non-accrual loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.50 177.48 Td (330.95) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 177.48 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 177.47 Td (263.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.65 177.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 177.47 Td (125.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.65 177.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 177.47 Td (78.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 177.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 177.47 Td (41.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 177.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 151 0 obj <>] /Rotate 0 /Contents 152 0 R>> endobj 152 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (The table below sets forth loans that were non-performing at December31, 2015, 2014, 2013, 2012 and 201) Tj ET Q q 0 0 0 rg BT 482.57 742.10 Td (1.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 695.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 695.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 695.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 695.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 695.60 4.00 -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 50.50 667.60 171.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 667.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 667.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 667.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 667.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 667.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 667.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 667.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 667.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 667.60 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 627.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 627.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 627.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 627.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 627.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 627.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 627.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 627.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 627.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 627.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 599.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 599.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 599.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 599.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 599.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 599.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 599.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 599.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 599.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 599.60 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 221.5 719.6 m 286.5 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 286.5 719.6 m 290.5 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 719.6 m 355.5 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 719.6 m 359.5 719.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 719.6 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 221.5 707.6 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 290.5 707.6 m 355.5 707.6 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 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 585.6 m 286.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 585.6 m 355.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 585.6 m 424.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 585.6 m 493.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 585.6 m 562.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 585.6 m 286.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 572.6 m 286.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 570.6 m 286.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 585.6 m 355.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 572.6 m 355.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 570.6 m 355.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 585.6 m 424.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 572.6 m 424.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 570.6 m 424.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 585.6 m 493.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 572.6 m 493.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 570.6 m 493.5 570.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 585.6 m 562.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 572.6 m 562.5 572.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 570.6 m 562.5 570.6 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 369.05 723.55 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 /F2 8.00 Tf ET q 0 0 0 rg BT 245.50 711.68 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.50 711.55 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.50 711.55 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 711.55 Td (2012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.60 711.55 Td (2011) 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 (Commercial and industrial \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.00 686.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.15 686.28 Td (1,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 686.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 686.17 Td (2,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 686.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 686.17 Td (125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 686.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 686.17 Td (388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 686.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 686.17 Td (2,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 672.17 Td (Commercial real estate \(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.15 672.28 Td (2,700) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 672.17 Td (2,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 672.17 Td (11,615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 672.17 Td (21,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 672.17 Td (22,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 658.17 Td (Commercial real estate non-owner) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 648.17 Td (occupied) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.15 647.28 Td (1,307) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 647.27 Td (1,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.30 647.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.30 647.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.30 647.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 633.17 Td (Construction) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 272.65 632.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 632.27 Td (2,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 632.27 Td (5,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 632.27 Td (7,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 632.27 Td (8,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 618.17 Td (Residential real estate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.15 618.28 Td (2,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 618.17 Td (1,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 618.17 Td (1,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 618.17 Td (3,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 618.17 Td (2,717) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 604.17 Td (Manufactured housing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 260.15 604.28 Td (2,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 604.17 Td (931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 604.17 Td (459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 604.17 Td (231) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 604.17 Td (78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 590.17 Td (Other consumer) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.65 590.28 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 590.17 Td (135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 590.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 590.17 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 590.17 Td (40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 576.17 Td (Total non-performing loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.00 576.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.15 576.28 Td (10,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 576.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 576.17 Td (11,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 576.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 576.17 Td (19,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 576.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 576.17 Td (32,851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 576.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 576.17 Td (36,626) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 557.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 545.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 545.70 Td (Includes owner occupied commercial real estate loans for 2015 and 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 533.70 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 533.70 Td (Includes non-owner occupied commercial real estate loans for 2015 and 2014. For 2013, 2012 and 201) Tj ET Q q 0 0 0 rg BT 491.35 533.70 Td (1, includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 521.70 Td (owner occupied and non-owner occupied commercial real estate loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.70 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 50.00 473.70 Td (underwriting policies and procedures designed to foster sound credit standards and monitoring practices.) Tj ET Q q 0 0 0 rg BT 470.82 473.70 Td (While various degrees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.70 Td (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 50.00 449.70 Td (potential loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.70 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 50.00 413.70 Td (current financial information to ensure ongoing financial strength and borrower cash flow viability) Tj ET Q q 0 0 0 rg BT 444.23 413.70 Td (.) Tj ET Q q 0 0 0 rg BT 449.05 413.70 Td (The Bank has established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.70 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 484.68 401.70 Td (ganization, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.70 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 50.00 359.70 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 359.70 Td (oblem Loan Identification and Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.70 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 341.70 Td (o facilitate the monitoring of credit quality within the commercial and industrial, commercial real estate, construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.70 Td (portfolio and residential real estate segments, and for purposes of analyzing historical loss rates used in the determination of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.70 Td (allowance for loan losses for the respective portfolio segment, Customers utilizes the following categories of risk ratings: pass ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.70 Td (\(there are six risk ratings of pass loans\), special mention, substandard, doubtful or loss. ) Tj ET Q q 0 0 0 rg BT 400.30 305.70 Td (The risk rating categories, which are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.70 Td (derived from standard regulatory rating definitions, are assigned upon initial approval of credit to borrowers and updated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.70 Td (periodically thereafter) Tj ET Q q 0 0 0 rg BT 138.01 281.70 Td (. Pass ratings, which are assigned to those borrowers who do not have an identified potential or well-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.70 Td (defined weaknesses and for which there is a high likelihood of orderly repayment, are updated periodically based on the size ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.70 Td (and credit characteristics of the borrower) Tj ET Q q 0 0 0 rg BT 213.54 257.70 Td (. ) Tj ET Q q 0 0 0 rg BT 217.98 257.70 Td (All other categories are updated on a quarterly basis during the month preceding the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.70 Td (end of the calendar quarter) Tj ET Q q 0 0 0 rg BT 156.61 245.70 Td (.) Tj ET Q q 0 0 0 rg BT 161.43 245.70 Td (While assigning risk ratings involves judgment, the risk rating process allows management to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.70 Td (identify riskier credits in a timely manner and allocate the appropriate resources to managing the loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.70 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 488.77 209.70 Td (s close attention. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.70 Td (If left uncorrected, these potential weaknesses may) Tj ET Q q 0 0 0 rg BT 253.43 197.70 Td (, at some future date, result in the deterioration of the repayment prospects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.70 Td (for the loan and our credit position. ) Tj ET Q q 0 0 0 rg BT 193.30 185.70 Td (At December31, 2015 and 2014, special mention loans were $24.5 million and $34.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.70 Td (million, respectively) Tj ET Q q 0 0 0 rg BT 131.55 173.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.70 Td (Risk ratings are not established for home equity loans, consumer loans, and installment loans, mainly because these portfolios ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.70 Td (consist of a lar) Tj ET Q q 0 0 0 rg BT 108.41 137.70 Td (ger number of homogenous 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 50.00 125.70 Td (based on aggregate payment history) Tj ET Q q 0 0 0 rg BT 193.19 125.70 Td (, through the monitoring of delinquency levels and trends.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.70 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 101.70 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 89.70 Td (loans identified as problem credits by management.) Tj ET Q q 0 0 0 rg BT 258.65 89.70 Td (This process is designed to assess our progress in working toward a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.70 Td (solution, and to assist in determining an appropriate specific allowance for possible losses.) Tj ET Q q 0 0 0 rg BT 414.09 77.70 Td (All loan work-out situations involve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.70 Td (the active participation of management and are reported regularly to the Board. ) Tj ET Q q 0 0 0 rg BT 368.85 65.70 Td (When a loan becomes delinquent 90 days or ) Tj ET Q endstream endobj 153 0 obj <>] /Rotate 0 /Contents 154 0 R>> endobj 154 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (more, or earlier if considered appropriate, the loan is assigned to Customers) Tj ET Q q 0 0 0 rg BT 355.55 742.10 Td ( Special ) Tj ET Q q 0 0 0 rg BT 389.43 742.10 Td (Asset Group \(SAG\) for workout or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (resolution.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Loan char) Tj ET Q q 0 0 0 rg BT 90.07 706.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 110.99 706.10 Td (fs are determined on a case-by-case basis.Loans are generally char) Tj ET Q q 0 0 0 rg BT 379.29 706.10 Td (ged of) Tj ET Q q 0 0 0 rg BT 404.38 706.10 Td (f when principal is likely to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (unrecoverable and after appropriate collection steps have been taken. Loan char) Tj ET Q q 0 0 0 rg BT 368.83 694.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 389.75 694.10 Td (fs are proposed by the SAG and approved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (by the Board of Directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 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 50.00 646.10 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 50.00 634.10 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 50.00 604.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.01 604.10 Td (r) Tj ET Q q 0 0 0 rg BT 58.53 604.10 Td (oubled Debt Restructurings \(TDRs\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (At December31, 2015 and 2014, there were $1) Tj ET Q q 0 0 0 rg BT 239.57 586.10 Td (1.4 million and $5.0 million, respectively) Tj ET Q q 0 0 0 rg BT 404.45 586.10 Td (, in loans reported as ) Tj ET Q q 0 0 0 rg BT 489.80 586.10 Td (TDRs. ) Tj ET Q q 0 0 0 rg BT 518.51 586.10 Td (TDRs are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (considered impaired loans in the calendar year of their restructuring and are evaluated to determine whether they should be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (placed on non-accrual status. In subsequent years, a ) Tj ET Q q 0 0 0 rg BT 259.19 562.10 Td (TDR may be returned to accrual status if it satisfies a minimum six-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (performance requirement; however) Tj ET Q q 0 0 0 rg BT 190.64 550.10 Td (, it will remain classified as an impaired loan. Generally) Tj ET Q q 0 0 0 rg BT 414.08 550.10 Td (, Customers requires sustained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (performance for nine months before returning a ) Tj ET Q q 0 0 0 rg BT 242.80 538.10 Td (TDR to accrual status.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 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 50.00 502.10 Td (standards for purchased-credit-impaired loans do not result in the removal of these loans from the pool even if modifications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (would otherwise be considered a ) Tj ET Q q 0 0 0 rg BT 183.39 490.10 Td (TDR. ) Tj ET Q q 0 0 0 rg BT 207.84 490.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 257.17 490.10 Td (, as each pool is 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 50.00 478.10 Td (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 476.64 478.10 Td (TDRs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 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 50.00 442.10 Td (modifications. Other modifications typically reflect other nonstandard terms which Customers would not of) Tj ET Q q 0 0 0 rg BT 480.56 442.10 Td (fer in non-troubled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (situations. During the years ended December31, 2015 and 2014, loans aggregating $7.5 million and $1.1 million, respectively) Tj ET Q q 0 0 0 rg BT 555.07 430.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (were modified in troubled debt restructurings. ) Tj ET Q q 0 0 0 rg BT 236.16 418.10 Td (TDR modifications of loans within the commercial and industrial category were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (primarily interest rate concessions, deferrals of principal and other modifications; modifications of commercial real estate loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (were primarily deferrals of principal, extensions of term and other modifications; and modifications of residential real estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (loans were primarily interest rate concessions and deferrals of principal. ) Tj ET Q q 0 0 0 rg BT 340.17 382.10 Td (As of December31, 2015 and 2014, there were no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (commitments to lend additional funds to debtors whose terms have been modified in troubled debt structuring.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (There were no valuation losses at the time of the troubled debt restructuring and the ) Tj ET Q q 0 0 0 rg BT 387.21 346.10 Td (TDR had no impact on the allowance for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (loan losses. During the twelve months ended December31, 2015, thirty-six ) Tj ET Q q 0 0 0 rg BT 354.20 334.10 Td (TDR loans defaulted with a total recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (investment of $2.5 million. During the twelve months ended December31, 2014, six ) Tj ET Q q 0 0 0 rg BT 391.70 322.10 Td (TDR loans defaulted with a total recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (investment of $0.4 million. Because these loans were included in the loan portfolio that is subject to the cash reserve, they will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (be removed from the loan portfolio if they become ninety days past due.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (All loans modified in troubled debt restructurings are considered impaired and measured for impairment. ) Tj ET Q q 0 0 0 rg BT 472.19 274.10 Td (The nature and extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (of impairment of ) Tj ET Q q 0 0 0 rg BT 120.08 262.10 Td (TDRs, including those which have experienced a subsequent default, is considered in the determination of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (appropriate level of allowance for loan losses. ) Tj ET Q q 0 0 0 rg BT 236.42 250.10 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.16 250.10 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.16 250.10 Td ( specific allowances resulting from ) Tj ET Q q 0 0 0 rg BT 431.43 250.10 Td (TDR modifications during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (2015, totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.05 238.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.94 238.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.60 238.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.60 238.10 Td ( commercial and industrial loans, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.06 238.10 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.95 238.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.61 238.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.61 238.10 Td ( commercial real estate non-owner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (occupied loan. ) Tj ET Q q 0 0 0 rg BT 110.63 226.10 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.37 226.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.37 226.10 Td ( specific allowances resulting from ) Tj ET Q q 0 0 0 rg BT 310.64 226.10 Td (TDR modifications during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.24 226.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.24 226.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.50 190.10 Td (FDIC LOSS SHARING RECEIV) Tj ET Q q 0 0 0 rg BT 293.30 190.10 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 322.48 190.10 Td (AND CLA) Tj ET Q q 0 0 0 rg BT 366.65 190.10 Td (WBACK LIABILITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (As of December 2015 and 2014, loans covered under loss sharing agreements with the FDIC were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.73 172.10 Td ($13.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.62 172.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.06 172.10 Td ($42.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 160.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 131.55 160.10 Td (. ) Tj ET Q q 0 0 0 rg BT 136.00 160.10 Td (As part of the FDIC loss sharing arrangements, Customers also assumed a liability to be paid within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.72 160.10 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.72 160.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.10 Td (days subsequent to the maturity or termination of the loss sharing arrangements that is contingent upon actual losses incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.10 Td (over the life of the arrangements relative to expected losses and the consideration paid upon acquisition of the failed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (institutions. Due to cash received on the covered assets in excess of the original cash to be received expectations of the FDIC, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (the Bank anticipates that it will be required to pay the FDIC at the end of its loss sharing arrangements. ) Tj ET Q q 0 0 0 rg BT 467.12 112.10 Td (As of December 31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (2015, a clawback liability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.63 100.10 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.52 100.10 Td ( has been recorded. ) Tj ET Q q 0 0 0 rg BT 295.02 100.10 Td (T) Tj ET Q q 0 0 0 rg BT 300.43 100.10 Td (o the extent actual losses on the covered assets are less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (estimated losses, the clawback liability will increase. ) Tj ET Q q 0 0 0 rg BT 263.92 88.10 Td (T) Tj ET Q q 0 0 0 rg BT 269.33 88.10 Td (o the extent actual losses on the covered assets are more than the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (estimated losses, the clawback liability will decrease.) Tj ET Q endstream endobj 155 0 obj <>] /Rotate 0 /Contents 156 0 R>> endobj 156 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (As of December31, 2015, the Bank expected to collect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.81 742.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.71 742.10 Td ( from the FDIC for estimated losses and reimbursement of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (external costs, such as legal fees, real estate taxes and appraisal expenses, and estimated the clawback liability due to the FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (in 2020 at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.50 718.10 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.39 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 146.21 718.10 Td (The net amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.29 718.10 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.19 718.10 Td ( is included in "Accrued interest payable and other liabilities" in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (accompanying consolidated balance sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.85 670.10 Td (ACCRUED INTEREST) Tj ET Q q 0 0 0 rg BT 323.75 670.10 Td ( RECEIV) Tj ET Q q 0 0 0 rg BT 363.85 670.10 Td (ABLE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Accrued interest receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.88 646.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.63 646.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.63 646.10 Td ($4.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.53 646.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.36 646.10 Td (31.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.19 646.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.46 646.10 Td ($19.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.36 646.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.57 646.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.16 646.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.59 646.10 Td ($15.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.49 646.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 133.40 634.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.68 634.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.44 634.10 Td ( was primarily associated with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.29 634.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.04 634.10 Td ( in total loans of $1.5 billion to $7.3 billion at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 622.10 Td ( from $5.7 billion at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.35 622.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.94 622.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.90 586.10 Td (PREMISES ) Tj ET Q q 0 0 0 rg BT 238.97 586.10 Td (AND EQUIPMENT) Tj ET Q q 0 0 0 rg BT 324.63 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 326.57 586.10 Td (AND OTHER ) Tj ET Q q 0 0 0 rg BT 388.81 586.10 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (Our premises and equipment, net of accumulated depreciation, was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.29 562.10 Td ($1) Tj ET Q q 0 0 0 rg BT 330.92 562.10 Td (1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.81 562.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.25 562.10 Td ($10.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.14 562.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.36 562.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.95 562.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 550.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 122.66 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 127.48 550.10 Td (T) Tj ET Q q 0 0 0 rg BT 132.89 550.10 Td (echnology equipment contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.80 550.10 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.69 550.10 Td ( due to the increase of additional technology) Tj ET Q q 0 0 0 rg BT 495.48 550.10 Td (, facilities and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (team members. Leasehold improvements and furniture and equipment purchases contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.94 538.10 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.83 538.10 Td ( to the increase. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Customers Bank) Tj ET Q q 0 0 0 rg BT 119.17 514.10 Td (s restricted stock holdings at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.53 514.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.12 514.10 Td ( and 2014 were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.98 514.10 Td ($90.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.88 514.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.31 514.10 Td ($82.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.21 514.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 502.10 Td (.) Tj ET Q q 0 0 0 rg BT 102.48 502.10 Td (These consist of stock of the Federal Reserve Bank, Federal Home Loan Bank and ) Tj ET Q q 0 0 0 rg BT 434.89 502.10 Td (Atlantic Central Bankers Bank, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (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 50.00 466.10 Td (Other assets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.82 466.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.40 466.10 Td ( and 2014 were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.27 466.10 Td ($73.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.16 466.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.60 466.10 Td ($52.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.49 466.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 433.15 466.10 Td (. ) Tj ET Q q 0 0 0 rg BT 437.60 466.10 Td (Activity that contributed to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.75 454.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.08 454.10 Td ($20.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.98 454.10 Td ( included $14.9 million of deferred taxes primarily driven by increases in taxable income and changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (in the value of investment securities, and $4.3 million of cash pledged for interest rate swaps.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (BOLI purchases of $15.0 million during 2015 contributed to the increase in our BOLI cash surrender value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.83 418.10 Td ($18.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.72 418.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td ($157.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.89 406.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.11 406.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.69 406.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.13 406.10 Td ($138.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.02 406.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.24 406.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.82 406.10 Td (. BOLI is used by the Bank as tax-free funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (for employee benefits. Covered in BOLI on the balance sheet is the cash surrender value of the Supplemental Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (Retirement Plan \(SERP\) balance of $2.7 million and $2.8 million at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.45 382.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.03 382.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.47 382.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.47 382.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 503.13 382.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.25 346.10 Td (DEPOSITS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (The Bank of) Tj ET Q q 0 0 0 rg BT 99.80 322.10 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 50.00 310.10 Td (time deposits.Deposits are obtained primarily from our geographic service area.) Tj ET Q q 0 0 0 rg BT 373.88 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 379.29 310.10 Td (otal deposits grew to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.83 310.10 Td ($5.9 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.94 310.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 298.10 Td (, an increase of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.61 298.10 Td ($1.4 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.72 298.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.55 298.10 Td (30.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.38 298.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.32 298.10 Td ($4.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.43 298.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 298.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.23 298.10 Td (. ) Tj ET Q q 0 0 0 rg BT 448.05 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 453.81 298.10 Td (ransaction deposits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (increased by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.75 286.10 Td ($0.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.87 286.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.70 286.10 Td (26.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.53 286.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.81 286.10 Td ($3.6 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.92 286.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.14 286.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.72 286.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.16 286.10 Td ($2.8 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.27 286.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.49 286.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.07 286.10 Td (, with non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (interest bearing deposits increasing by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.79 274.10 Td ($107 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.18 274.10 Td (. Certificate of deposit accounts increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.84 274.10 Td ($0.6 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.95 274.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.78 274.10 Td (37.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.61 274.10 Td (, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.89 274.10 Td ($2.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.11 262.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.33 262.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.91 262.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.35 262.10 Td ($1.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.47 262.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.68 262.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.27 262.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (The components of deposits were as follows at the dates indicated:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 191.60 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 191.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 191.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 191.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 191.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 191.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 163.60 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 163.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 163.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 163.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 163.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 163.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 135.60 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 135.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 135.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 135.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 135.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 135.60 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 359.5 215.60000000000002 m 424.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 215.60000000000002 m 428.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 215.60000000000002 m 493.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 215.60000000000002 m 497.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 215.60000000000002 m 562.5 215.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 203.60000000000002 m 424.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 203.60000000000002 m 493.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 203.60000000000002 m 562.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 121.60000000000002 m 424.5 121.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 121.60000000000002 m 493.5 121.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 121.60000000000002 m 562.5 121.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 108.60000000000002 m 424.5 108.60000000000002 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 428.5 108.60000000000002 m 493.5 108.60000000000002 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 497.5 108.60000000000002 m 562.5 108.60000000000002 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 BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 219.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 219.68 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 207.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 207.68 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 207.68 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 207.68 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 195.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 182.17 Td (Demand, non-interest bearing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 182.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 182.28 Td (653,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 182.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 182.17 Td (546,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 182.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 182.17 Td (478,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 168.17 Td (Demand, interest bearing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 168.28 Td (127,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 168.17 Td (71,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 168.17 Td (58,013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 154.17 Td (Savings, including MMDA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.65 154.28 Td (2,781,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 154.17 Td (2,203,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 154.17 Td (1,298,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 140.17 Td (Time, $100,000 and over) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.65 140.28 Td (1,624,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 140.17 Td (1,043,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 140.17 Td (797,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 126.17 Td (Time, other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 126.28 Td (723,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 126.17 Td (668,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 126.17 Td (328,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 112.17 Td (Total deposits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 112.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.65 112.28 Td (5,909,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 112.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 112.17 Td (4,532,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 112.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 112.17 Td (2,959,922) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 84.10 Td (e experienced growth in retail deposits, despite lower interest rates in 2015. Non-interest bearing demand deposits totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.10 Td ($0.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.11 72.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.33 72.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.91 72.10 Td (, up from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.35 72.10 Td ($0.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.47 72.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.68 72.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.27 72.10 Td (. ) Tj ET Q endstream endobj 157 0 obj <>] /Rotate 0 /Contents 158 0 R>> endobj 158 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (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 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 674.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 674.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 674.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 674.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 674.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 674.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 674.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 674.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 674.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 674.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 674.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 646.60 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 646.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 646.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 646.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 646.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 646.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 646.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 646.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 646.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 646.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 646.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 646.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 618.60 156.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.50 618.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.50 618.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.50 618.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 618.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 618.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 618.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.50 618.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 442.50 618.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 446.50 618.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 618.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 506.50 618.60 56.00 -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 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 206.5 618.6 m 262.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 618.6 m 382.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 618.6 m 502.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 605.6 m 262.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206.5 603.6 m 262.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 605.6 m 382.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 603.6 m 382.5 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 605.6 m 502.5 605.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446.5 603.6 m 502.5 603.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 723.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 325.60 723.68 Td (For the Years ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.00 711.68 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.00 711.55 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.00 711.55 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 690.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.05 698.83 Td (A) Tj ET Q q 0 0 0 rg BT 225.23 698.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 220.40 690.83 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 280.05 698.83 Td (A) Tj ET Q q 0 0 0 rg BT 285.23 698.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.20 690.83 Td (RatePaid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.75 698.85 Td (A) Tj ET Q q 0 0 0 rg BT 345.93 698.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.10 690.85 Td (Balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.75 698.85 Td (A) Tj ET Q q 0 0 0 rg BT 405.93 698.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.55 690.85 Td (RatePaid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.75 698.85 Td (A) Tj ET Q q 0 0 0 rg BT 465.93 698.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.10 690.85 Td (Balance) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.75 698.85 Td (A) Tj ET Q q 0 0 0 rg BT 525.93 698.85 Td (verage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.55 690.85 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 53.00 665.17 Td (Demand deposits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.00 665.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.15 665.28 Td (692,159) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.50 665.28 Td (0.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.00 665.28 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 665.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.15 665.17 Td (620,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 665.17 Td (0.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.65 665.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 665.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 665.17 Td (385,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 665.17 Td (0.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 665.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 651.17 Td (Interest-bearing demand deposits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.15 651.28 Td (123,527) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.50 651.28 Td (0.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 651.17 Td (62,840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 651.17 Td (0.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 651.17 Td (45,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 651.17 Td (0.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 637.17 Td (Savings, including MMDA) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.60 637.28 Td (2,449,778) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.50 637.28 Td (0.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 637.17 Td (1,753,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 637.17 Td (0.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.60 637.17 Td (1,138,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 637.17 Td (0.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 623.17 Td (Time deposits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.60 623.28 Td (2,087,641) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.50 623.28 Td (0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 623.17 Td (1,403,774) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.15 623.17 Td (0.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.60 623.17 Td (1,251,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 623.17 Td (1.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 609.17 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.00 609.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 218.60 609.28 Td (5,353,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 609.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.60 609.17 Td (3,840,690) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.00 609.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.60 609.17 Td (2,820,695) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 581.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 581.10 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 50.50 537.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 537.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 509.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 509.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 481.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 481.60 100.00 -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 428.5 549.6 m 528.5 549.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 481.6 m 528.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 468.6 m 528.5 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 466.6 m 528.5 466.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.75 553.83 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 541.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 528.17 Td (3 months or less) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 528.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.15 528.28 Td (289,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 514.17 Td (Over 3 through 6 months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.15 514.28 Td (653,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 500.17 Td (Over 6 through 12 months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.15 500.28 Td (397,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 486.17 Td (Over 12 months) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 492.15 486.28 Td (284,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 472.17 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 472.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.65 472.28 Td (1,624,562) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.80 432.10 Td (FHLB ) Tj ET Q q 0 0 0 rg BT 227.97 432.10 Td (ADV) Tj ET Q q 0 0 0 rg BT 248.35 432.10 Td (ANCES and OTHER BORROWINGS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.10 Td (Borrowed funds from various sources are generally used to supplement deposit growth and meet other operating needs. ) Tj ET Q q 0 0 0 rg BT 532.19 408.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.10 Td (Bank strategically views the short term FHLB advances as funding the loans to mortgage companies national business.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 366.10 Td (Short-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.10 Td (Short-term debt was as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 289.60 138.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 289.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 289.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 289.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 289.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 289.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 289.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 289.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 261.60 138.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 188.50 261.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 261.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 261.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 261.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.50 261.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 261.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 377.50 261.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 436.50 261.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 261.60 59.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 499.50 261.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 261.60 59.00 -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 188.5 325.6 m 247.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 325.6 m 251.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 325.6 m 310.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 325.6 m 314.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 325.6 m 373.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 325.6 m 377.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 325.6 m 436.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 436.5 325.6 m 440.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 325.6 m 499.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 325.6 m 503.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 325.6 m 562.5 325.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 313.6 m 247.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 247.5 313.6 m 251.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 313.6 m 310.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 313.6 m 373.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 313.6 m 377.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 313.6 m 436.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 313.6 m 499.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 499.5 313.6 m 503.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 313.6 m 562.5 313.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 301.6 m 247.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 301.6 m 310.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 301.6 m 373.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 301.6 m 436.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 301.6 m 499.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 301.6 m 562.5 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314.5 261.6 m 373.5 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 261.6 m 499.5 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 261.6 m 247.5 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 188.5 248.60000000000002 m 247.5 248.60000000000002 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 314.5 248.60000000000002 m 373.5 248.60000000000002 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 440.5 248.60000000000002 m 499.5 248.60000000000002 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 BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 329.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.75 329.68 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 317.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.00 317.68 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.00 317.55 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 493.00 317.55 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 305.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.45 305.68 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 272.50 305.68 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 330.35 305.55 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.15 305.55 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.35 305.55 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.15 305.55 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 293.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 280.17 Td (FHLB advances) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.00 280.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.60 280.28 Td (1,365,300) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.50 280.28 Td (0.48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.00 280.28 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 280.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 280.17 Td (1,298,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 280.17 Td (0.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.65 280.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 280.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 280.17 Td (611,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 280.17 Td (0.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 280.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 266.17 Td (Federal funds purchased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.15 266.28 Td (70,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 282.50 266.28 Td (0.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.65 266.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 266.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 266.17 Td (13,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 266.17 Td (0.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 266.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 252.17 Td (Total short-term borrowings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.00 252.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.60 252.28 Td (1,435,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.00 252.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.60 252.17 Td (1,298,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.00 252.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 252.17 Td (624,500) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (For additional information on the Company) Tj ET Q q 0 0 0 rg BT 227.48 224.10 Td (s short-term debt, refer to NOTE1) Tj ET Q q 0 0 0 rg BT 370.11 224.10 Td (1 BORROWINGS.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 194.10 Td (Long-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (The contractual maturities of fixed-rate long-term FHLB advances are as noted below) Tj ET Q q 0 0 0 rg BT 392.83 176.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 117.60 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 117.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 117.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 117.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 117.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 117.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 117.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 117.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 89.60 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 89.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 89.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 89.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 89.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 89.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 89.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 89.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 61.60 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 61.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 61.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 61.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 61.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 61.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 61.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 61.60 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 290.5 153.60000000000002 m 355.5 153.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 153.60000000000002 m 359.5 153.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 153.60000000000002 m 424.5 153.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 153.60000000000002 m 428.5 153.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 153.60000000000002 m 493.5 153.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 153.60000000000002 m 497.5 153.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 153.60000000000002 m 562.5 153.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 141.60000000000002 m 355.5 141.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 141.60000000000002 m 359.5 141.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 141.60000000000002 m 424.5 141.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 141.60000000000002 m 493.5 141.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 141.60000000000002 m 497.5 141.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 141.60000000000002 m 562.5 141.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 129.60000000000002 m 355.5 129.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 129.60000000000002 m 424.5 129.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 129.60000000000002 m 493.5 129.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 129.60000000000002 m 562.5 129.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 61.60000000000002 m 355.5 61.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 48.60000000000002 m 355.5 48.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 46.60000000000002 m 355.5 46.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 61.60000000000002 m 493.5 61.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 48.60000000000002 m 493.5 48.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 46.60000000000002 m 493.5 46.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 157.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.55 157.55 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 145.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.00 145.68 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.00 145.68 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 133.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.45 133.68 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 133.68 Td (Rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.45 133.68 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 133.68 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 121.55 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 108.33 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 108.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.65 108.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.00 108.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.00 108.28 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 108.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 108.17 Td (85,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 108.17 Td (0.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 108.17 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 94.33 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 94.28 Td (205,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.50 94.28 Td (1.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 94.17 Td (180,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 94.17 Td (1.21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 80.33 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 80.28 Td (55,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.50 80.28 Td (1.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 80.17 Td (55,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 80.17 Td (1.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 66.33 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.65 66.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.00 66.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 66.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 66.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 52.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 52.28 Td (260,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 52.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 52.17 Td (320,000) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 159 0 obj <>] /Rotate 0 /Contents 160 0 R>> endobj 160 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (78) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Senior notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.10 Td (On June 26, 2014, Customers Bancorp, Inc. closed a private placement transaction in which it issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.46 724.10 Td ($25.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.35 724.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.68 724.10 Td (4.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.51 724.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (senior notes due 2019. Interest is paid semi-annually in arrears in June and December) Tj ET Q q 0 0 0 rg BT 391.56 712.10 Td (. ) Tj ET Q q 0 0 0 rg BT 396.38 712.10 Td (The notes are unsecured obligations of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (the Bancorp and rank equally with all of its secured and unsecured senior indebtedness.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (In July and ) Tj ET Q q 0 0 0 rg BT 96.39 682.10 Td (August 2013, the Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.37 682.10 Td ($63.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.26 682.10 Td ( in aggregate principal amount of senior notes due 2018. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (The notes bear interest at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.01 664.10 Td (6.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.84 664.10 Td (per year which is payable on March15,June15,September15, and December15. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Subor) Tj ET Q q 0 0 0 rg BT 73.52 634.10 Td (dinated debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 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 422.42 616.10 Td ($1) Tj ET Q q 0 0 0 rg BT 432.05 616.10 Td (10.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.94 616.10 Td ( of fixed-to-floating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (rate subordinated notes due 2029. ) Tj ET Q q 0 0 0 rg BT 187.01 604.10 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 436.63 604.10 Td (6.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.46 604.10 Td ( until June 26, 2024, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (and interest is paid semiannually) Tj ET Q q 0 0 0 rg BT 180.43 592.10 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 50.00 580.10 Td (month LIBOR plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.73 580.10 Td (344.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.23 580.10 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 50.00 568.10 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 276.60 568.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.93 568.10 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 50.00 556.10 Td (2024.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (The subordinated notes qualify as ) Tj ET Q q 0 0 0 rg BT 187.29 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 193.04 538.10 Td (ier 2 capital for regulatory capital purposes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 242.20 502.10 Td (SHAREHOLDERS) Tj ET Q q 0 0 0 rg BT 328.14 502.10 Td ( EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Shareholders) Tj ET Q q 0 0 0 rg BT 104.79 478.10 Td ( equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.79 478.10 Td (increased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.54 478.10 Td ( by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.54 478.10 Td ($1) Tj ET Q q 0 0 0 rg BT 197.17 478.10 Td (10.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.06 478.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.84 478.10 Td ($553.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.73 478.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.95 478.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.54 478.10 Td (, from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.47 478.10 Td ($443.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.37 478.10 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 466.10 Td (. ) Tj ET Q q 0 0 0 rg BT 133.40 466.10 Td (The increase in equity was primarily the result of net income for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.32 466.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.32 466.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 466.10 Td ($58.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.54 466.10 Td ( and the issuance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (2,300,000 shares of preferred stock, the latter resulting in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.54 454.10 Td ($55.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.43 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.93 454.10 Td (increase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.68 454.10 Td ( to shareholders' equity) Tj ET Q q 0 0 0 rg BT 469.64 454.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (On May 18, 2015, Customers Bancorp issued 2,300,000 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 50.00 418.10 Td (Stock, Series C, par value $1.00 per share, with a liquidation preference of $25.00 per share. Dividends on the Preferred Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (totaled $2.5 million for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.06 406.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 406.10 Td (. For additional information regarding this of) Tj ET Q q 0 0 0 rg BT 464.16 406.10 Td (fering, refer to "NOTE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (12 - SHAREHOLDERS' EQUITY) Tj ET Q q 0 0 0 rg BT 187.45 394.10 Td (." ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 370.10 Td (August 24, 2015, Customers Bancorp's board of directors declared 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 50.00 358.10 Td ($0.56875 per share. ) Tj ET Q q 0 0 0 rg BT 131.19 358.10 Td (The dividend was paid on September 15, 2015 to shareholders of record on ) Tj ET Q q 0 0 0 rg BT 433.89 358.10 Td (August 31, 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (On November 17, 2015, Customers Bancorp's board of directors declared 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 50.00 322.10 Td ($0.4375 per share. ) Tj ET Q q 0 0 0 rg BT 126.19 322.10 Td (The dividend was paid on December 15, 2015 to shareholders of record on November 30, 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (During 2015 all of the remaining 1.1 million shares of Class B Non-V) Tj ET Q q 0 0 0 rg BT 328.95 298.10 Td (oting Common Stock were converted into 1.1million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (shares of ) Tj ET Q q 0 0 0 rg BT 88.14 286.10 Td (V) Tj ET Q q 0 0 0 rg BT 94.07 286.10 Td (oting Common Stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 262.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 262.10 Td ( Customers issued 156,272 shares of Common Stock, 27,674 shares were issued to directors in lieu of meeting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (retainer fees, 98,386 shares were issued under share-based compensation arrangements, 22,601 shares under the employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (stock purchase plan, and 7,61) Tj ET Q q 0 0 0 rg BT 167.93 238.10 Td (1 upon exercise of outstanding warrants.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td ( During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.33 208.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.33 208.10 Td (, the Bancorp:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 200.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.10 188.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 188.90 Td (declared a 10% stock dividend to all shareholders of record as of May 27, 2014. ) Tj ET Q q 0 0 0 rg BT 387.32 188.90 Td (This special dividend was paid on June 30, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 176.90 Td (2014 in the form of an aggregate of 2.4 million additional shares of Common Stock;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.10 164.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 164.90 Td (issued 91,457 shares of Common Stock, 52,770 shares were issued to directors in lieu of meeting retainer fees, 34,414 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 152.90 Td (shares were issued under share-based compensation arrangements and 4,273 shares under the employee stock purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 140.90 Td (plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.90 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 116.90 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 116.90 Td (, the Bancorp:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 109.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.10 97.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 97.70 Td (sold 6.2million shares of new issue ) Tj ET Q q 0 0 0 rg BT 210.46 97.70 Td (V) Tj ET Q q 0 0 0 rg BT 216.39 97.70 Td (oting Common Stock to the public at a price of $16.75 per share. ) Tj ET Q q 0 0 0 rg BT 478.10 97.70 Td (The net proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 85.70 Td (after deducting underwriting discounts and commissions and of) Tj ET Q q 0 0 0 rg BT 319.04 85.70 Td (fering expenses were $97.5 million;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.10 73.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 73.70 Td (converted 3.7million shares of Class B Non-V) Tj ET Q q 0 0 0 rg BT 251.56 73.70 Td (oting Common Stock into 3.7million shares of ) Tj ET Q q 0 0 0 rg BT 442.21 73.70 Td (V) Tj ET Q q 0 0 0 rg BT 448.14 73.70 Td (oting Common Stock;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.10 61.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 61.70 Td (authorized a stock repurchase plan in which the Bancorp could acquire up to 5% of its current outstanding shares at prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 49.70 Td (not to exceed a 20% premium over the current book value. ) Tj ET Q q 0 0 0 rg BT 302.06 49.70 Td (The repurchase program may be suspended, modified or ) Tj ET Q endstream endobj 161 0 obj <>] /Rotate 0 /Contents 162 0 R>> endobj 162 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 65.10 742.10 Td (discontinued at any time, and the Bancorp has no obligation to repurchase any amount of its Common Stock under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 730.10 Td (program;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.10 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 718.10 Td (repurchased 0.5million shares under the stock repurchase program discussed above;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.10 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 706.10 Td (issued 23,413 shares of Common Stock under share-based compensation arrangements;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.10 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 694.10 Td (issued 31,904 shares of Class B Non-V) Tj ET Q q 0 0 0 rg BT 220.74 694.10 Td (oting Common Stock and 14,869 shares of ) Tj ET Q q 0 0 0 rg BT 393.88 694.10 Td (V) Tj ET Q q 0 0 0 rg BT 399.82 694.10 Td (oting Common Stock upon exercise of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 682.10 Td (outstanding warrants; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 47.10 670.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.10 670.10 Td (repurchased warrants to purchase 17,227 shares of voting Common Stock and 17,227 shares of Class B Non-V) Tj ET Q q 0 0 0 rg BT 507.61 670.10 Td (oting stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (For additional details relating to changes in the Bancorp) Tj ET Q q 0 0 0 rg BT 277.16 646.10 Td (s shareholders) Tj ET Q q 0 0 0 rg BT 336.68 646.10 Td ( equity) Tj ET Q q 0 0 0 rg BT 363.53 646.10 Td (, refer to the Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Changes in Shareholders Equity presented in Part II, Item8. Financial Statements and Supplementary Data of this Form 10-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 212.20 598.10 Td (LIQUIDITY) Tj ET Q q 0 0 0 rg BT 266.29 598.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.24 598.10 Td (AND CAPIT) Tj ET Q q 0 0 0 rg BT 322.77 598.10 Td (AL) Tj ET Q q 0 0 0 rg BT 336.11 598.10 Td ( RESOURCES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Liquidity for a financial institution is a measure of that institution) Tj ET Q q 0 0 0 rg BT 314.95 574.10 Td (s ability to meet depositors) Tj ET Q q 0 0 0 rg BT 425.30 574.10 Td ( needs for funds, to satisfy or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (fund loan commitments, and for other operating purposes.Ensuring adequate liquidity is an objective of the ) Tj ET Q q 0 0 0 rg BT 483.23 562.10 Td (Asset/Liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Management process.Customers coordinates its management of liquidity with our interest rate sensitivity and capital position, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (and strives to maintain a strong liquidity position.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Customers' investment portfolio provides periodic cash flows through regular maturities and amortization, and can be used as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (collateral to secure additional liquidity funding.Our principal sources of funds are proceeds from common and preferred stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (issuance, deposits, debt issuance, principal and interest payments on loans, and other funds from operations.Borrowing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (arrangements are maintained with the Federal Home Loan Bank and the Federal Reserve Bank of Philadelphia to meet short-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (term liquidity needs.) Tj ET Q q 0 0 0 rg BT 134.43 466.10 Td (As of December31, 2015 and 2014, our borrowing capacity with the Federal Home Loan Bank was $3.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (billion and $3.2 billion, respectively) Tj ET Q q 0 0 0 rg BT 194.33 454.10 Td (, of which $1.4 billion and $1.3 billion, respectively) Tj ET Q q 0 0 0 rg BT 401.42 454.10 Td (, was used in short-term borrowings.) Tj ET Q q 0 0 0 rg BT 549.74 454.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (of December31, 2015 and 2014, our borrowing capacity with the Federal Reserve Bank of Philadelphia was $59.2 million and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td ($62.7 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 (Net cash flows used in operating activities were $356.6 million for the year ended December31, 2015, compared to net cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (flows used in operating activities of $542.5 million for the year ended December31, 2014. Origination of loans held for sale in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (excess of the proceeds from the sales of loans contributed $422.1 million to cash flows used in operating activities during 2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Origination of loans held for sale in excess of the proceeds from the sales of loans contributed $585.1 million to cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (used in operating activities during 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Investing activities used net cash flows of $1.3 billion for the year ended December31, 2015, compared to the net cash flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (used in investing activities of $1.9 billion for the year ended December31, 2014. ) Tj ET Q q 0 0 0 rg BT 379.18 322.10 Td (The net increase in loans was $1.3 billion for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (the year ended December 21, 2015 compared to a net increase of $1.8 billion for the year ended December 31, 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Financing activities provided $1.5 billion for the year ended December31, 2015 compared to $2.6 billion for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (December 31, 2014. For 2015, increases in cash from deposits provided $1.4 billion and net proceeds from a preferred stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (issuance provided $55.6 million. For 2014, increases in cash from deposits provided $1.6 billion, net proceeds from short-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (FHLB advances provided $0.6 billion and net proceeds from long-term FHLB advances provided $0.3 billion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Overall, based on our core deposit base and available sources of borrowed funds, management believes that we have adequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (resources to meet our short-term and long-term cash requirements for the foreseeable future.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.45 178.10 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 284.82 178.10 Td (AL) Tj ET Q q 0 0 0 rg BT 298.16 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 300.11 178.10 Td (ADEQUACY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 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 50.00 149.10 Td (Failure to meet the minimum capital requirements can result in certain mandatory) Tj ET Q q 0 0 0 rg BT 376.19 149.10 Td (, and possibly additional discretionary) Tj ET Q q 0 0 0 rg BT 528.01 149.10 Td (, actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (by regulators that, if undertaken, could have a direct material ef) Tj ET Q q 0 0 0 rg BT 304.16 137.10 Td (fect on Customers' financial statements. Under capital adequacy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td (guidelines and the regulatory framework for prompt corrective action, the Bank and Bancorp must meet specific capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (guidelines that involve quantitative measures of their assets, liabilities and certain of) Tj ET Q q 0 0 0 rg BT 387.50 113.10 Td (f-balance sheet items, as calculated under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.10 Td (the regulatory accounting practices. ) Tj ET Q q 0 0 0 rg BT 195.03 101.10 Td (The capital amounts and classification are also subject to qualitative judgments by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.10 Td (regulators about components, risk weightings and other factors. Prompt corrective action provisions are not applicable to bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.10 Td (holding companies. ) Tj ET Q endstream endobj 163 0 obj <>] /Rotate 0 /Contents 164 0 R>> endobj 164 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (Quantitative measures established by regulation to ensure capital adequacy require the Bank and Bancorp to maintain minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (amounts and ratios \(set forth in the following table\) of total and ) Tj ET Q q 0 0 0 rg BT 306.43 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 312.18 730.10 Td (ier 1 capital to risk-weighted assets and of ) Tj ET Q q 0 0 0 rg BT 483.06 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 488.82 730.10 Td (ier 1 capital to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (average assets \(as defined in the regulations\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.10 Td (The Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 118.88 701.10 Td (Act required the FRB to establish minimum consolidated capital requirements for bank holding companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.10 Td (that are as stringent as those required for insured depositary subsidiaries. In 2013, the federal banking agencies approved rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.10 Td (that implemented the Dodd-Frank requirements and certain other regulatory capital reforms ef) Tj ET Q q 0 0 0 rg BT 426.62 677.10 Td (fective January 1, 2015, that \(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.10 Td (introduced a new capital ratio pursuant to the prompt corrective action provisions, the common equity tier 1 capital to risk rated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.10 Td (assets ratio, \(ii\) increased the adequately capitalized and well capitalized thresholds for the ) Tj ET Q q 0 0 0 rg BT 415.22 653.10 Td (T) Tj ET Q q 0 0 0 rg BT 420.98 653.10 Td (ier 1 risk based capital ratios to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.44 653.10 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.77 653.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 641.10 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.27 641.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 132.93 641.10 Td (, \(iii\) changed the treatment of certain capital components for determining ) Tj ET Q q 0 0 0 rg BT 431.52 641.10 Td (T) Tj ET Q q 0 0 0 rg BT 437.28 641.10 Td (ier 1 and ) Tj ET Q q 0 0 0 rg BT 474.58 641.10 Td (T) Tj ET Q q 0 0 0 rg BT 480.34 641.10 Td (ier 2 capital, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.10 Td (\(iv\) changed the risk weighting of certain assets and of) Tj ET Q q 0 0 0 rg BT 268.92 629.10 Td (f balance sheet items in determining risk weighted assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 612.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.41 612.10 Td (o be categorized as well capitalized, an institution must maintain minimum common equity ) Tj ET Q q 0 0 0 rg BT 422.92 612.10 Td (T) Tj ET Q q 0 0 0 rg BT 428.68 612.10 Td (ier 1, total risk based, ) Tj ET Q q 0 0 0 rg BT 517.08 612.10 Td (T) Tj ET Q q 0 0 0 rg BT 522.84 612.10 Td (ier 1 risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 600.10 Td (based and ) Tj ET Q q 0 0 0 rg BT 92.03 600.10 Td (T) Tj ET Q q 0 0 0 rg BT 97.78 600.10 Td (ier 1 leveraged ratios as set forth in the following table:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 515.60 148.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 515.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 515.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 515.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 515.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 515.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 515.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 515.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 515.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 515.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 515.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 515.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 477.60 148.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 477.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 477.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 477.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 477.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 477.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 477.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 477.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 477.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 477.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 477.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 477.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 447.60 148.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 447.60 57.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 447.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 447.60 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 447.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 447.60 57.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 447.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 447.60 57.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 447.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 447.60 57.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 447.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 447.60 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 408.60 148.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 408.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 408.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 408.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 408.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 408.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 408.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 408.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 408.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 408.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 408.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 408.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 369.60 148.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 369.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 369.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 369.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 369.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 369.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 369.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 369.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 369.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 369.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 369.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 369.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 339.60 148.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 339.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 339.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 339.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 339.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 339.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 339.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 339.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 339.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 339.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 339.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 339.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 310.60 148.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 310.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 310.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 310.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 310.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 310.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 310.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 310.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 310.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 310.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 310.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 310.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 281.60 148.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 281.60 57.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 281.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 281.60 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 281.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 281.60 57.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 281.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 281.60 57.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 281.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 281.60 57.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 281.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 281.60 58.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 242.60 148.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 242.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 242.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 242.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 242.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 242.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 242.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 242.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 242.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 242.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 242.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 242.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 203.60 148.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 203.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 203.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 203.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 203.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 203.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 203.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 203.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 203.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 203.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 203.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 203.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 173.60 148.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 173.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 173.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 173.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 173.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 173.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 173.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 173.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 173.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 173.60 57.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 173.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 173.60 58.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 144.60 148.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 144.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.50 144.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.50 144.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 144.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 144.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 144.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 144.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 439.50 144.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 144.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 144.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 144.60 58.00 -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 198.5 528.6 m 255.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255.5 528.6 m 259.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 528.6 m 317.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 317.5 528.6 m 321.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 528.6 m 378.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 528.6 m 382.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 528.6 m 439.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 528.6 m 500.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 528.6 m 504.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 528.6 m 562.5 528.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198.5 515.6 m 255.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259.5 515.6 m 317.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 515.6 m 378.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 515.6 m 439.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 515.6 m 500.5 515.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 515.6 m 562.5 515.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 532.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.15 532.83 Td (Actual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.25 540.83 Td (For) Tj ET Q q 0 0 0 rg BT 354.54 540.83 Td (Capital) Tj ET Q q 0 0 0 rg BT 383.44 540.83 Td (Adequacy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.40 532.83 Td (Purposes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.45 556.83 Td (T) Tj ET Q q 0 0 0 rg BT 468.05 556.83 Td (oBe) Tj ET Q q 0 0 0 rg BT 484.79 556.83 Td (W) Tj ET Q q 0 0 0 rg BT 492.35 556.83 Td (ellCapitalized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.65 548.83 Td (Under) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.20 540.83 Td (Pr) Tj ET Q q 0 0 0 rg BT 466.49 540.83 Td (omptCorr) Tj ET Q q 0 0 0 rg BT 503.00 540.83 Td (ective) Tj ET Q q 0 0 0 rg BT 524.10 540.83 Td (Action) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.75 532.83 Td (Pr) Tj ET Q q 0 0 0 rg BT 493.04 532.83 Td (ovisions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 519.85 Td (\(amounts in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.45 519.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.65 519.83 Td (Ratio) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 320.00 519.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 335.45 519.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.15 519.83 Td (Ratio) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.45 519.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.65 519.83 Td (Ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 506.28 Td (December 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 492.28 Td (Common equity ) Tj ET Q q 0 0 0 rg BT 123.93 492.28 Td (T) Tj ET Q q 0 0 0 rg BT 130.42 492.28 Td (ier) Tj ET Q q 0 0 0 rg BT 141.90 492.28 Td ( 1 \(to risk-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 482.28 Td (weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 467.27 Td (Customers Bancorp, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.00 467.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 467.28 Td (500,624) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.50 467.28 Td (7.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.00 467.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 467.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.15 467.28 Td (296,014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.50 467.28 Td (4.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 467.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.30 467.28 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.30 467.28 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 452.27 Td (Customers Bank) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.00 452.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 452.28 Td (565,217) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.50 452.28 Td (8.62) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.00 452.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 452.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.15 452.28 Td (294,916) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 411.50 452.28 Td (4.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 452.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.00 452.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 452.28 Td (425,990) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.50 452.28 Td (6.50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.00 452.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 438.28 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 438.28 Td (otal capital \(to risk-weighted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 428.28 Td (assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 413.27 Td (Customers Bancorp, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.00 413.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 413.28 Td (698,323) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.50 413.28 Td (10.62) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.00 413.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 413.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.15 413.28 Td (526,247) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.50 413.28 Td (8.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 413.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.30 413.28 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.30 413.28 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 398.27 Td (Customers Bank) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.00 398.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 398.28 Td (710,864) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.50 398.28 Td (10.85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.00 398.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 398.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.15 398.28 Td (524,295) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.50 398.28 Td (8.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 398.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.00 398.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 398.28 Td (655,369) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 534.50 398.28 Td (10.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.00 398.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 384.28 Td (T) Tj ET Q q 0 0 0 rg BT 59.49 384.28 Td (ier) Tj ET Q q 0 0 0 rg BT 70.96 384.28 Td ( 1 capital \(to risk-weighted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 374.28 Td (assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 359.27 Td (Customers Bancorp, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.00 359.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 359.28 Td (556,193) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.50 359.28 Td (8.46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.00 359.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 359.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.15 359.28 Td (394,685) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.50 359.28 Td (6.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 359.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.30 359.28 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.30 359.28 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 344.27 Td (Customers Bank) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.00 344.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 344.28 Td (565,217) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.50 344.28 Td (8.62) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.00 344.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 344.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.15 344.28 Td (393,221) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.50 344.28 Td (6.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 344.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.00 344.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 344.28 Td (524,295) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.50 344.28 Td (8.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.00 344.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 330.28 Td (T) Tj ET Q q 0 0 0 rg BT 59.49 330.28 Td (ier) Tj ET Q q 0 0 0 rg BT 70.96 330.28 Td ( 1 capital \(to average assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 315.27 Td (Customers Bancorp, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.00 315.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 315.28 Td (556,193) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.50 315.28 Td (7.16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.00 315.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 315.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.15 315.28 Td (310,812) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.50 315.28 Td (4.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 315.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 480.30 315.28 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 542.30 315.28 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 300.27 Td (Customers Bank) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.00 300.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 219.15 300.28 Td (565,217) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.50 300.28 Td (7.30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 307.00 300.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 300.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.15 300.28 Td (309,883) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 416.50 300.28 Td (4.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 429.00 300.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.00 300.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 300.28 Td (387,353) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 539.50 300.28 Td (5.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 552.00 300.28 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 286.28 Td (December 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 272.28 Td (T) Tj ET Q q 0 0 0 rg BT 58.75 272.28 Td (otal capital \(to risk-weighted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 262.28 Td (assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 247.27 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.00 247.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.15 247.27 Td (578,644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.50 247.27 Td (11.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 247.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 247.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 247.27 Td (417,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 247.27 Td (8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 247.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 247.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.30 247.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 232.27 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.00 232.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.15 232.27 Td (621,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.50 232.27 Td (11.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 232.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 232.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 232.27 Td (415,141) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 232.27 Td (8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 232.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 232.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 232.27 Td (518,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.50 232.27 Td (10.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 232.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 218.28 Td (T) Tj ET Q q 0 0 0 rg BT 59.49 218.28 Td (ier) Tj ET Q q 0 0 0 rg BT 70.96 218.28 Td ( 1 capital \(to risk-weighted ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 208.28 Td (assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 193.27 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.00 193.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.15 193.27 Td (437,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 193.27 Td (8.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 193.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 193.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 193.27 Td (208,737) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 193.27 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 193.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 193.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.30 193.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 178.27 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.00 178.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.15 178.27 Td (480,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 178.27 Td (9.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 178.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 178.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 178.27 Td (207,570) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 178.27 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 178.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 178.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 178.27 Td (311,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 178.27 Td (6.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 178.27 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 164.28 Td (T) Tj ET Q q 0 0 0 rg BT 59.49 164.28 Td (ier) Tj ET Q q 0 0 0 rg BT 70.96 164.28 Td ( 1 capital \(to average assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 149.27 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.00 149.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.15 149.27 Td (437,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 149.27 Td (6.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 149.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 149.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 149.27 Td (261,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 149.27 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 149.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 149.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.30 149.27 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 134.27 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.00 134.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.15 134.27 Td (480,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.50 134.27 Td (7.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 134.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 134.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 134.27 Td (260,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.50 134.27 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 134.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 134.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 134.27 Td (325,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 134.27 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 134.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (At December 31, 2015 and 2014, the Bank and Bancorp met all capital adequacy requirements to which they were subject. ) Tj ET Q endstream endobj 165 0 obj <>] /Rotate 0 /Contents 166 0 R>> endobj 166 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (81) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Capital Ratios) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.10 Td (Customers continued to build the amount of capital during 2015.In general, for the past few years, capital growth has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (achieved by retained earnings and increases in capital from sales of common stock. During second quarter 2015, the Bancorp ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.10 Td (issued non-cumulative perpetual preferred stock which meets the definition of ) Tj ET Q q 0 0 0 rg BT 364.72 700.10 Td (T) Tj ET Q q 0 0 0 rg BT 370.47 700.10 Td (ier 1 capital per regulatory guidelines. ) Tj ET Q q 0 0 0 rg BT 524.96 700.10 Td (The net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (proceeds of $55.6 million is included in the Bancorp's ) Tj ET Q q 0 0 0 rg BT 268.25 688.10 Td (T) Tj ET Q q 0 0 0 rg BT 274.00 688.10 Td (ier 1 capital ratios presented above. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 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 50.00 652.10 Td (would have a material ef) Tj ET Q q 0 0 0 rg BT 148.66 652.10 Td (fect on our liquidity) Tj ET Q q 0 0 0 rg BT 227.72 652.10 Td (, capital resources, or operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (The maintenance of appropriate levels of capital is an important objective of our ) Tj ET Q q 0 0 0 rg BT 373.49 628.10 Td (Asset and Liability Management process. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (Through our initial capitalization and our subsequent of) Tj ET Q q 0 0 0 rg BT 272.82 616.10 Td (ferings, we believe we have continued to maintain a strong capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (position. Beginning in first quarter 2015, and continuing for the remaining three quarters of 2015, Customers Bank's board of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (directors declared a cash dividend to its sole shareholder) Tj ET Q q 0 0 0 rg BT 275.63 592.10 Td (, the Bancorp. ) Tj ET Q q 0 0 0 rg BT 334.04 592.10 Td (T) Tj ET Q q 0 0 0 rg BT 339.45 592.10 Td (o date, cash dividends declared by the Bank and paid to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (the Bancorp, include the following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 556.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 556.10 Td ($4.0 million declared on March 17, 2015 and paid on March 31, 2015;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 532.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 532.10 Td ($4.0 million declared and paid on June 30, 2015;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 508.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 508.10 Td ($5.5 million declared and paid on September 23, 2015;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 484.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 484.10 Td ($5.0 million declared on October 28, 2015 and paid on December 10, 2015; and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 460.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 460.10 Td ($5.1 million declared on January 20, 2016 and payable on March 10, 2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 424.10 Td (fective January1, 2015, Customers Bancorp and Customers Bank became subject to new capital requirements as detailed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (earlier in this document. Management has reviewed the new requirements and both the Bank and Bancorp are compliant with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (the new requirements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 208.00 364.10 Td (OFF-BALANCE SHEET) Tj ET Q q 0 0 0 rg BT 315.89 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 317.84 364.10 Td (ARRANGEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Customers is involved with financial instruments and other commitments with of) Tj ET Q q 0 0 0 rg BT 374.22 340.10 Td (f-balance sheet risks.Financial instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (with of) Tj ET Q q 0 0 0 rg BT 78.43 328.10 Td (f-balance sheet risks are incurred in the normal course of business to meet the financing needs of our customers.) Tj ET Q q 0 0 0 rg BT 529.21 328.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (financial instruments include commitments to extend credit, including unused portions of lines of credit, and standby letters of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (credit.) Tj ET Q q 0 0 0 rg BT 77.58 304.10 Td (Those instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized on the balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (sheets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (W) Tj ET Q q 0 0 0 rg BT 59.04 268.10 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 50.00 256.10 Td (instrument is represented by the contractual amount of those instruments.) Tj ET Q q 0 0 0 rg BT 345.58 256.10 Td (The same credit policies are used in making ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (commitments and conditional obligations as for on-balance sheet instruments.Because they involve credit risk similar to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (extending a loan, these financial instruments are subject to the Bank) Tj ET Q q 0 0 0 rg BT 325.20 232.10 Td (s Credit Policy and other underwriting standards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (As of December31, 2015 and 2014, the following of) Tj ET Q q 0 0 0 rg BT 261.72 208.10 Td (f-balance sheet commitments, financial instruments and other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (arrangements were outstanding:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 149.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 149.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 149.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 149.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 121.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 121.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 121.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 121.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 93.60 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 93.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 93.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 93.60 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 428.5 173.60000000000002 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 493.5 173.60000000000002 m 497.5 173.60000000000002 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 428.5 161.60000000000002 m 493.5 161.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 161.60000000000002 m 562.5 161.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 177.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.55 177.55 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 165.55 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 165.68 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 165.55 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 153.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 140.17 Td (Commitments to fund loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 140.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 140.28 Td (537,380) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 140.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 140.28 Td (231,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 126.17 Td (Unfunded commitments to fund mortgage warehouse loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 126.28 Td (1,302,759) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 126.28 Td (713,619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 112.17 Td (Unfunded commitments under lines of credit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 112.28 Td (436,550) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 112.28 Td (430,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 98.17 Td (Letters of credit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 98.28 Td (42,002) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 98.28 Td (36,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 84.17 Td (Other unused commitments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 84.28 Td (6,360) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 84.28 Td (7,685) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 167 0 obj <>] /Rotate 0 /Contents 168 0 R>> endobj 168 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 q 0 0 0 rg BT 50.00 742.10 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 50.00 730.10 Td (credit and letters of credit are agreements to extend credit to or for the benefit of a customer in the ordinary course of our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Commitments to fund loans and unfunded commitments under lines of credit may be obligations of ours as long as there is no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (violation of any condition established in the contract.Because many of the commitments are expected to expire without being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (drawn upon, the total commitment amounts do not necessarily represent future cash requirements.Commitments generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (have fixed expiration dates or other termination clauses and may require payment of a fee.) Tj ET Q q 0 0 0 rg BT 413.56 658.10 Td (W) Tj ET Q q 0 0 0 rg BT 422.20 658.10 Td (e evaluate each customer) Tj ET Q q 0 0 0 rg BT 522.79 658.10 Td () Tj ET Q q 0 0 0 rg BT 525.57 658.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (creditworthiness on a case-by-case basis.) Tj ET Q q 0 0 0 rg BT 216.43 646.10 Td (The amount of collateral obtained, if we deem it necessary upon extension of credit, is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (based on management) Tj ET Q q 0 0 0 rg BT 141.64 634.10 Td (s credit evaluation.Collateral held varies but may include personal or commercial real estate, accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (receivable, inventory and equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 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 50.00 586.10 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 50.00 574.10 Td (guaranteed by the U.S. government through one of their programs such as FHA, ) Tj ET Q q 0 0 0 rg BT 373.08 574.10 Td (V) Tj ET Q q 0 0 0 rg BT 379.01 574.10 Td (A, or are conventional loans eligible for sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (to Fannie Mae and Freddie Mac. ) Tj ET Q q 0 0 0 rg BT 182.84 562.10 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 50.00 550.10 Td (activity) Tj ET Q q 0 0 0 rg BT 79.34 550.10 Td (, new home sales and laws and regulation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Outstanding letters of credit written are conditional commitments issued by us to guarantee the performance of a customer to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (third party) Tj ET Q q 0 0 0 rg BT 91.28 514.10 Td (.Letters of credit may obligate us to fund draws under those letters of credit whether or not a customer continues to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (meet the conditions of the extension of credit.) Tj ET Q q 0 0 0 rg BT 235.60 502.10 Td (The credit risk involved in issuing letters of credit is essentially the same as that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (involved in extending loan facilities to customers.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.65 454.10 Td (CONTRACTUAL) Tj ET Q q 0 0 0 rg BT 308.44 454.10 Td ( OBLIGA) Tj ET Q q 0 0 0 rg BT 350.21 454.10 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 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 50.00 418.10 Td (as of December31, 2015.Interest on subordinated notes, FHLB long-term advances, and senior notes was calculated using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (then current contractual interest rates. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 362.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 362.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 362.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 362.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 362.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 362.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 362.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 362.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 362.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 362.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 334.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 334.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 334.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 334.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 334.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 334.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 334.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 334.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 334.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 334.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 306.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 306.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 306.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 306.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 306.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 306.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 306.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 306.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 306.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 306.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 278.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 278.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 278.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 278.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 278.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 278.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 278.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 278.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 278.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 278.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 250.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 250.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 250.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 250.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 250.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 250.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 250.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 250.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 250.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 250.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 222.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 222.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 222.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 222.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 222.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 222.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 222.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 222.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 222.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 222.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 194.60 171.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 221.50 194.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 286.50 194.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 194.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 194.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 194.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 194.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 194.60 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 194.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 194.60 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 221.5 374.6 m 286.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 374.6 m 355.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 374.6 m 424.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 374.6 m 493.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 374.6 m 562.5 374.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 194.60000000000002 m 286.5 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 181.60000000000002 m 286.5 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 221.5 179.60000000000002 m 286.5 179.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 194.60000000000002 m 355.5 194.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 181.60000000000002 m 355.5 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 179.60000000000002 m 355.5 179.60000000000002 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 359.5 181.60000000000002 m 424.5 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 179.60000000000002 m 424.5 179.60000000000002 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 428.5 181.60000000000002 m 493.5 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 179.60000000000002 m 493.5 179.60000000000002 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 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 181.60000000000002 m 562.5 181.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 179.60000000000002 m 562.5 179.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 245.30 378.85 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.75 386.85 Td (W) Tj ET Q q 0 0 0 rg BT 311.98 386.85 Td (ithin one) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 315.60 378.85 Td (year) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 370.15 386.85 Td (After one but) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 362.80 378.85 Td (withinthreeyears) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.95 386.85 Td (After three but) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 433.60 378.85 Td (withinfiveyears) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.90 386.85 Td (Morethan) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.80 378.85 Td (fiveyears) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 366.55 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 353.17 Td (Operating leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 353.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 353.17 Td (19,051) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 353.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 353.17 Td (3,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 353.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 353.17 Td (7,112) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 353.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 353.17 Td (4,820) 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 536.15 353.17 Td (3,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 339.17 Td (Benefit plan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 339.17 Td (4,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.65 339.17 Td (300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 339.17 Td (600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 339.17 Td (600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 339.17 Td (3,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 325.17 Td (Contractual maturities of time deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 325.17 Td (2,347,597) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 325.17 Td (1,799,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 325.17 Td (448,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 325.17 Td (99,522) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 325.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 311.17 Td (Subordinated notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 311.17 Td (110,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.65 311.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 311.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 311.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 311.17 Td (110,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 297.17 Td (Interest on subordinated notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 297.17 Td (90,882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 297.17 Td (6,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 297.17 Td (13,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 297.17 Td (13,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 297.17 Td (57,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 283.17 Td (Loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 283.17 Td (2,276,689) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 283.17 Td (1,975,809) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 283.17 Td (96,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 283.17 Td (91,478) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 283.17 Td (113,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 269.17 Td (FHLB long-term advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 269.17 Td (260,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.65 269.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 269.17 Td (260,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 269.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 269.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 255.17 Td (Interest on FHLB long-term advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 255.17 Td (5,873) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 255.17 Td (3,304) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 255.17 Td (2,569) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 255.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 255.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 241.17 Td (Senior notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 241.17 Td (88,250) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.65 241.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 241.17 Td (63,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 241.17 Td (25,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 241.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 227.17 Td (Interest on senior notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 227.17 Td (14,547) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 227.17 Td (5,188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 227.17 Td (8,697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 227.17 Td (662) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 227.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 213.17 Td (Other commitments \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.15 213.17 Td (6,360) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.65 213.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 213.17 Td (6,360) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 213.28 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 213.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 199.17 Td (Standby letters of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.15 199.17 Td (42,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 199.17 Td (35,053) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 199.17 Td (5,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 199.17 Td (1,203) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 199.28 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 185.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.00 185.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.65 185.17 Td (5,265,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 185.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 185.17 Td (3,829,563) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 185.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.15 185.17 Td (912,815) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 185.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 185.17 Td (236,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 185.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 185.17 Td (286,613) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 166.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 154.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 154.70 Td (Represents a commitment expiring in approximately three years that is subject to unscheduled requests for payment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 207.15 118.70 Td (NEW) Tj ET Q q 0 0 0 rg BT 230.86 118.70 Td ( ) Tj ET Q q 0 0 0 rg BT 232.81 118.70 Td (ACCOUNTING PRONOUNCEMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.70 Td (For information about the impact that recently adopted or issued accounting guidance will have on us, refer to NOTE 3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.70 Td (SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 112.60 82.70 Td ( ) Tj ET Q q 0 0 0 rg BT 114.55 82.70 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 228.99 82.70 Td (AND BASIS OF PRESENT) Tj ET Q q 0 0 0 rg BT 341.83 82.70 Td (A) Tj ET Q q 0 0 0 rg BT 347.94 82.70 Td (TION.) Tj ET Q endstream endobj 169 0 obj <>] /Rotate 0 /Contents 170 0 R>> endobj 170 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (83) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item7A. Quantitative and Qualitative Disclosur) Tj ET Q q 0 0 0 rg BT 254.81 742.25 Td (e ) Tj ET Q q 0 0 0 rg BT 261.20 742.25 Td (About Market Risk) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 Td (Inter) Tj ET Q q 0 0 0 rg BT 71.48 724.25 Td (est Rate Sensitivity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (The lar) Tj ET Q q 0 0 0 rg BT 78.41 700.25 Td (gest component of our net income is net interest income, and the majority of our financial instruments are interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (sensitive assets and liabilities with various term structures and maturities.One of the primary objectives of management is to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (maximize net interest income while minimizing interest rate risk.Interest rate risk is derived from timing dif) Tj ET Q q 0 0 0 rg BT 483.86 676.25 Td (ferences in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (repricing of assets and liabilities, loan prepayments, deposit withdrawals, and dif) Tj ET Q q 0 0 0 rg BT 373.35 664.25 Td (ferences in lending and funding rates.Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (Asset/Liability Committee actively seeks to monitor and control the mix of interest rate sensitive assets and interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (sensitive liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 616.25 Td (e use two complementary methods to analyze and measure interest rate sensitivity as part of the overall management of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (interest rate risk.) Tj ET Q q 0 0 0 rg BT 119.24 604.25 Td (They are income simulation modeling and estimates of economic value of equity) Tj ET Q q 0 0 0 rg BT 442.10 604.25 Td (.) Tj ET Q q 0 0 0 rg BT 446.92 604.25 Td (The combination of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (two methods provides a reasonably comprehensive summary of the levels of interest rate risk of our exposure to time factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (and changes in interest rate environments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (Income simulation modeling is used to measure our interest rate sensitivity and manage our interest rate risk.Income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (simulation considers not only the impact of changing market interest rates upon forecasted net interest income, but also other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (factors such as yield curve relationships, the volume and mix of assets and liabilities, customer preferences and general market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.25 Td (conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (Through the use of income simulation modeling, we have estimated the net interest income for the year ending December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (2016, based upon the assets, liabilities and of) Tj ET Q q 0 0 0 rg BT 230.62 484.25 Td (f-balance sheet financial instruments in existence at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.70 484.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.29 484.25 Td (.) Tj ET Q q 0 0 0 rg BT 523.11 484.25 Td (W) Tj ET Q q 0 0 0 rg BT 531.74 484.25 Td (e have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (also estimated changes to that estimated net interest income based upon interest rates rising or falling immediately \(rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.25 Td (shocks\).For upward rate shocks modeling a rising rate environment, current market interest rates were increased immediately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (by 100, 200, and 300 basis points. For downward rate shocks modeling a falling rate environment, current market rates were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (only decreased immediately by 100 basis points due to the limitations of the current low interest rate environment that renders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (the Down 200 and Down 300 rate shocks impractical. ) Tj ET Q q 0 0 0 rg BT 270.04 424.25 Td (The following table reflects the estimated percentage change in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (estimated net interest income for the year ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.71 412.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.29 412.25 Td (, that would have resulted from a shock of the referenced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (changes in interest rates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 370.25 Td (Net change in net inter) Tj ET Q q 0 0 0 rg BT 147.03 370.25 Td (est income) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 338.75 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 338.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 308.75 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 308.75 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 497.5 338.75 m 562.5 338.75 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 53 341.730078125 m 95.00390625 341.730078125 l s q 0 0 0 rg BT 53.00 342.98 Td (Rate Shocks) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.50 350.98 Td (%) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.35 342.98 Td (Change) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 329.32 Td (Up 3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 328.42 Td (\(10.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 328.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 314.32 Td (Up 2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 313.42 Td (\(3.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 313.42 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 299.32 Td (Up 1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 298.42 Td (0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 298.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 284.32 Td (Down 1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 283.42 Td (2.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 283.42 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.25 Td (The net changes in net interest income in all scenarios are within Customers Bank) Tj ET Q q 0 0 0 rg BT 380.74 255.25 Td (s interest rate risk policy guidelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.25 Td (Economic ) Tj ET Q q 0 0 0 rg BT 92.86 231.25 Td (V) Tj ET Q q 0 0 0 rg BT 98.97 231.25 Td (alue 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 50.00 219.25 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 50.00 207.25 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 50.00 195.25 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 50.00 183.25 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 50.00 171.25 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 541.07 171.25 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.25 Td (method of measurement primarily evaluates the longer term repricing risks and options in Customers Bank) Tj ET Q q 0 0 0 rg BT 480.45 159.25 Td (s balance sheet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.25 Td () Tj ET Q q 0 0 0 rg BT 52.32 135.25 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 459.14 135.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.72 135.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.25 Td (resulting from the referenced shocks to interest rates.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 108.85 Td () Tj ET Q endstream endobj 171 0 obj <>] /Rotate 0 /Contents 172 0 R>> endobj 172 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (84) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 735.50 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 735.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 705.50 447.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 705.50 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 497.5 735.5 m 562.5 735.5 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 53 738.480078125 m 95.00390625 738.480078125 l s q 0 0 0 rg BT 53.00 739.73 Td (Rate Shocks) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.45 739.73 Td (Frombase) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 726.07 Td (Up 3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 725.17 Td (\(34.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 725.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 711.07 Td (Up 2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.45 710.17 Td (\(17.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 710.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 696.07 Td (Up 1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.45 695.17 Td (\(5.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 695.17 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 681.07 Td (Down 1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 680.17 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 680.17 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.00 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 50.00 628.00 Td (interest rate sensitive and by monitoring a bank) Tj ET Q q 0 0 0 rg BT 242.45 628.00 Td (s interest rate sensitivity gap.) Tj ET Q q 0 0 0 rg BT 369.64 628.00 Td (An asset or liability is said to be interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.00 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 406.67 616.00 Td (The interest rate sensitivity gap is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.00 Td (defined as the dif) Tj ET Q q 0 0 0 rg BT 118.96 604.00 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 50.00 592.00 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 50.00 568.00 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 504.60 568.00 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.00 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 556.00 Td ( that are anticipated, based upon certain assumptions, to reprice or mature in each of the future time periods shown.Except ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.00 Td (as stated below) Tj ET Q q 0 0 0 rg BT 110.44 544.00 Td (, the amount of assets and liabilities shown that reprice or mature during a particular period were determined in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.00 Td (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 438.64 532.00 Td (.) Tj ET Q q 0 0 0 rg BT 443.46 532.00 Td (The table sets forth an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.00 Td (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 317.70 520.00 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.28 520.00 Td ( on the basis of contractual maturities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.00 Td (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 50.00 496.00 Td (intervals.) Tj ET Q q 0 0 0 rg BT 89.25 496.00 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 50.00 484.00 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 50.00 472.00 Td (adjustments on adjustable-rate loans.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 433.60 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 368.10 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 368.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 368.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 368.10 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 368.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 368.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 368.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 368.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 368.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 368.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 368.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 368.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 368.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 368.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 334.10 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 334.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 334.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 334.10 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 334.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 334.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 334.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 334.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 334.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 334.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 334.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 334.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 334.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 334.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 308.10 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 308.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 308.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 308.10 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 308.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 308.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 308.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 308.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 308.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 404.50 308.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 308.10 4.00 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 282.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 282.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 508.50 282.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.50 282.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 256.10 137.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 187.50 256.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 237.50 256.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 241.50 256.10 51.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 256.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 296.50 256.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 256.10 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 350.50 256.10 50.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 400.50 256.10 4.00 -13.00 re f /GS0 gs 0.8 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[] 0 d 0 J 0 j 3 M 296.5 381.1 m 346.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 381.1 m 400.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 381.1 m 454.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 381.1 m 508.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 381.1 m 562.5 381.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 295.1 m 237.5 295.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 295.1 m 292.5 295.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 295.1 m 346.5 295.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 295.1 m 400.5 295.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 295.1 m 454.5 295.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 295.1 m 508.5 295.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 295.1 m 562.5 295.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 269.1 m 237.5 269.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i 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[] 0 d 0 J 0 j 3 M 512.5 255.10000000000002 m 562.5 255.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 191.10000000000002 m 237.5 191.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 191.10000000000002 m 292.5 191.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296.5 191.10000000000002 m 346.5 191.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 191.10000000000002 m 400.5 191.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 191.10000000000002 m 454.5 191.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 191.10000000000002 m 508.5 191.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 191.10000000000002 m 562.5 191.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 152.10000000000002 m 562.5 152.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 187.5 152.10000000000002 m 237.5 152.10000000000002 l 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m 400.5 140.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 138.10000000000002 m 400.5 138.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 152.10000000000002 m 454.5 152.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 140.10000000000002 m 454.5 140.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 404.5 138.10000000000002 m 454.5 138.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 152.10000000000002 m 508.5 152.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 140.10000000000002 m 508.5 140.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 138.10000000000002 m 508.5 138.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 140.10000000000002 m 562.5 140.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512.5 138.10000000000002 m 562.5 138.10000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 414.33 Td (Balance Sheet Gap ) Tj ET Q q 0 0 0 rg BT 119.00 414.33 Td (Analysis at ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 406.33 Td (December) Tj ET Q q 0 0 0 rg BT 87.50 406.33 Td (31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 406.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 406.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 406.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 406.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 406.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 406.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 406.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 385.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 196.30 393.33 Td (3 months) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.25 385.33 Td (or) Tj ET Q q 0 0 0 rg BT 208.66 385.33 Td ( less) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.15 393.33 Td (3 to 6) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 253.80 385.33 Td (months) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.65 393.33 Td (6 to 12) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.30 385.33 Td (months) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.65 393.33 Td (1 to 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.85 385.33 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.65 393.33 Td (3 to 5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.85 385.33 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.40 393.33 Td (Over) Tj ET Q q 0 0 0 rg BT 488.58 393.33 Td ( 5) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.85 385.33 Td (years) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 528.25 385.33 Td (T) Tj ET Q q 0 0 0 rg BT 532.85 385.33 Td (otal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 372.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.80 372.35 Td (\(dollars in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 360.18 Td (Assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 347.05 Td (Interest earning deposits and federal ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 339.05 Td (funds sold) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 338.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.30 338.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 338.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 338.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 338.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.65 338.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 338.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 338.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 338.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.65 338.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 338.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 338.35 Td (210,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 338.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 338.35 Td (210,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 326.05 Td (Investment securities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.25 325.35 Td (33,087) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.25 325.35 Td (31,424) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.65 325.35 Td (59,161) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 325.35 Td (190,664) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.60 325.35 Td (141,610) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.65 325.35 Td (80,040) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 325.35 Td (535,986) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 313.05 Td (Loans \(a\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 312.35 Td (2,898,089) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 312.35 Td (153,676) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.60 312.35 Td (241,013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 312.35 Td (1,249,367) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 312.35 Td (2,402,771) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 312.35 Td (264,747) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 312.35 Td (7,209,663) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 300.05 Td (Other interest-earning assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.30 299.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 299.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.65 299.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 299.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.65 299.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.65 299.35 Td (93,580) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.25 299.35 Td (93,580) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 287.05 Td (T) Tj ET Q q 0 0 0 rg BT 57.33 287.05 Td (otal interest-earning assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 286.35 Td (2,931,176) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 286.35 Td (185,100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.60 286.35 Td (300,174) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 286.35 Td (1,440,031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 286.35 Td (2,544,381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 286.35 Td (648,915) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 286.35 Td (8,049,777) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 274.05 Td (Non interest-earning assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.30 273.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 273.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.65 273.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 273.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.65 273.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 273.35 Td (316,461) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 273.35 Td (316,461) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 261.05 Td (T) Tj ET Q q 0 0 0 rg BT 57.33 261.05 Td (otal assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 260.35 Td (2,931,176) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 260.35 Td (185,100) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.60 260.35 Td (300,174) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 260.35 Td (1,440,031) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 260.35 Td (2,544,381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 260.35 Td (965,376) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 260.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 260.35 Td (8,366,238) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 248.18 Td (Liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 235.05 Td (Other interest-bearing deposits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 234.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.25 234.35 Td (52,674) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 234.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.25 234.35 Td (50,850) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 234.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.65 234.35 Td (96,502) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 234.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 234.35 Td (325,446) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 234.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 234.35 Td (2,269,814) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 234.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 234.35 Td (112,939) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 234.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 234.35 Td (2,908,225) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 222.05 Td (T) Tj ET Q q 0 0 0 rg BT 57.61 222.05 Td (ime deposits) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 204.25 221.35 Td (432,304) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 221.35 Td (822,460) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.60 221.35 Td (547,332) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 221.35 Td (446,818) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.60 221.35 Td (100,734) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.95 221.35 Td (\(2,051) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.65 221.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 221.35 Td (2,347,597) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 209.05 Td (Other borrowings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 208.35 Td (1,385,300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.25 208.35 Td (50,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.65 208.35 Td (10,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 208.35 Td (250,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.65 208.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.65 208.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 208.35 Td (1,695,300) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 196.05 Td (Subordinated debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.30 195.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 195.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.65 195.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 195.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.65 195.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 195.35 Td (110,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 195.35 Td (110,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 183.05 Td (T) Tj ET Q q 0 0 0 rg BT 57.33 183.05 Td (otal interest-bearing liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 182.35 Td (1,870,278) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 182.35 Td (923,310) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.60 182.35 Td (653,834) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 182.35 Td (1,022,264) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 182.35 Td (2,370,548) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 182.35 Td (220,888) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 182.35 Td (7,061,122) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 170.05 Td (Non-interest-bearing liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 208.25 169.35 Td (27,413) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 263.25 169.35 Td (26,322) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.65 169.35 Td (49,542) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 169.35 Td (162,403) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.60 169.35 Td (342,017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 169.35 Td (143,517) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 169.35 Td (751,214) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 157.18 Td (Shar) Tj ET Q q 0 0 0 rg BT 69.30 157.18 Td (eholders) Tj ET Q q 0 0 0 rg BT 100.26 157.18 Td ( equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 222.30 156.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.30 156.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 328.65 156.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.30 156.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 436.65 156.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 156.35 Td (553,902) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.25 156.35 Td (553,902) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 144.05 Td (T) Tj ET Q q 0 0 0 rg BT 57.33 144.05 Td (otal liabilities and shareholders) Tj ET Q q 0 0 0 rg BT 159.15 144.05 Td ( equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 143.35 Td (1,897,691) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 143.35 Td (949,632) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.60 143.35 Td (703,376) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.25 143.35 Td (1,184,667) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.60 143.35 Td (2,712,565) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.60 143.35 Td (918,307) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.00 143.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.25 143.35 Td (8,366,238) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 131.05 Td (Interest sensitivity gap) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 190.00 130.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.25 130.35 Td (1,033,485) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 130.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.60 130.35 Td (\(764,532) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.30 130.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 130.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.95 130.35 Td (\(403,202) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.65 130.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 130.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 130.35 Td (255,364) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 130.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 415.95 130.35 Td (\(168,184) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.65 130.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 130.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.65 130.35 Td (47,069) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 118.05 Td (Cumulative interest sensitivity gap) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.00 117.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 259.25 117.35 Td (268,953) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 299.00 117.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 307.95 117.35 Td (\(134,249) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.65 117.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.00 117.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.25 117.35 Td (121,115) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.00 117.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 419.95 117.35 Td (\(47,069) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.65 117.35 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.00 117.35 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.65 117.35 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 105.05 Td (Cumulative interest sensitivity gap to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 97.05 Td (total assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 216.25 96.35 Td (12.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.30 96.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.30 96.35 Td (3.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.30 96.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.95 96.35 Td (\(1.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.65 96.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.30 96.35 Td (1.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 96.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.95 96.35 Td (\(0.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.65 96.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.95 96.35 Td (\(0.9) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 498.65 96.35 Td (\)%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 84.05 Td (Cumulative interest-earning assets to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 76.05 Td (cumulative interest-bearing liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 212.25 75.35 Td (154.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 230.30 75.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 267.25 75.35 Td (109.5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 285.30 75.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.65 75.35 Td (96.2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.25 75.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.25 75.35 Td (102.6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.30 75.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.65 75.35 Td (99.4) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.25 75.35 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.65 75.35 Td (99.1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 501.30 75.35 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 59.60 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 59.60 Td (Including loans held for sale) Tj ET Q endstream endobj 173 0 obj <>] /Rotate 0 /Contents 174 0 R>> endobj 174 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (As shown above, we have a slightly negative cumulative gap \(cumulative interest sensitive assets are lower than cumulative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (interest sensitive liabilities\) within the next year) Tj ET Q q 0 0 0 rg BT 241.77 730.10 Td (, which generally indicates that an increase in rates may lead to a decrease in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (net interest income, and a decrease in rates may lead to an increase in net interest income.Interest rate sensitivity gap analysis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 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 50.00 694.10 Td (on assets or liabilities.) Tj ET Q q 0 0 0 rg BT 141.20 694.10 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 50.00 682.10 Td (other interest rate risk management tools.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 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 50.00 646.10 Td (reasonable.However) Tj ET Q q 0 0 0 rg BT 134.00 646.10 Td (, the interest rate sensitivity of our assets, liabilities and of) Tj ET Q q 0 0 0 rg BT 366.55 646.10 Td (f-balance sheet financial instruments, as well as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (the estimated ef) Tj ET Q q 0 0 0 rg BT 113.13 634.10 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 491.71 634.10 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (assumptions are used or actual experience dif) Tj ET Q q 0 0 0 rg BT 231.42 622.10 Td (fers from the assumptions used in the model.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.84 694.25 Td (yomissing, Pennsylvania) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 670.25 Td (e have audited the accompanying consolidated balance sheets of Customers Bancorp, Inc. and Subsidiaries \(the Bancorp\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (as of December31, 2015 and 2014, and the related consolidated statements of income, comprehensive income, changes in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (shareholders) Tj ET Q q 0 0 0 rg BT 103.13 646.25 Td ( equity and cash flows for each of the three years in the period ended December 31, 2015. ) Tj ET Q q 0 0 0 rg BT 464.48 646.25 Td (These consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.25 Td (financial statements are the responsibility of the Bancorp) Tj ET Q q 0 0 0 rg BT 280.76 634.25 Td (s management. 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j 3 M 497.5 159.75 m 562.5 159.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 147.75 m 493.5 147.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 147.75 m 562.5 147.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 136.75 m 493.5 136.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 134.75 m 493.5 134.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 136.75 m 562.5 136.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 134.75 m 562.5 134.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 699.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.75 698.98 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 685.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 684.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 684.98 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.35 671.48 Td (ASSETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 659.37 Td (Cash and due from banks) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 659.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 659.48 Td (53,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 659.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 659.37 Td (62,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 647.37 Td (Interest earning deposits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 647.48 Td (211,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 647.37 Td (308,277) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 635.37 Td (Cash and cash equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 635.48 Td (264,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 635.37 Td (371,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 623.37 Td (Investment securities available for sale, at fair value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 623.48 Td (560,253) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 623.37 Td (416,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 611.32 Td (Loans held for sale \(includes $1,757,807 and $1,335,668, respectively at fair value\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 610.43 Td (1,797,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 610.42 Td (1,435,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 596.32 Td (Loans receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 595.43 Td (5,453,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 595.42 Td (4,312,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.37 Td (Allowance for loan losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.80 581.53 Td (\(35,647) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 581.48 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 581.37 Td (\(30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 581.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 569.37 Td (Total loans receivable, net of allowance for loan losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 569.48 Td (5,417,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 569.37 Td (4,281,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 557.37 Td (FHLB, Federal Reserve Bank, and other restricted stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 557.48 Td (90,841) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 557.37 Td (82,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 545.37 Td (Accrued interest receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 545.48 Td (19,939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 545.37 Td (15,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 533.37 Td (FDIC loss sharing receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 533.48 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 533.37 Td (2,320) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.37 Td (Bank premises and equipment, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 521.48 Td (11,531) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 521.37 Td (10,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.37 Td (Bank-owned life insurance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 509.48 Td (157,211) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 509.37 Td (138,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 497.32 Td (Other real estate owned) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 496.43 Td (5,057) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 496.42 Td (15,371) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 482.37 Td (Goodwill and other intangibles) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 482.48 Td (3,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 482.37 Td (3,664) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 470.37 Td (Other assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 470.48 Td (73,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 470.37 Td (52,914) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 107.00 458.48 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 458.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 458.48 Td (8,401,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 458.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 458.37 Td (6,825,370) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.30 446.48 Td (LIABILITIES AND SHAREHOLDERS EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 434.37 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 422.37 Td (Deposits:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 410.37 Td (Demand, non-interest bearing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 410.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 410.48 Td (653,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 410.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 410.37 Td (546,436) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 398.37 Td (Interest bearing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 398.48 Td (5,255,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 398.37 Td (3,986,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 386.37 Td (Total deposits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 386.48 Td (5,909,501) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 386.37 Td (4,532,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 374.37 Td (Federal funds purchased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 374.48 Td (70,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 374.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 362.37 Td (FHLB advances) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 362.48 Td (1,625,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 362.37 Td (1,618,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 350.37 Td (Other borrowings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 350.48 Td (88,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 350.37 Td (88,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 338.37 Td (Subordinated debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 338.48 Td (110,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 338.37 Td (110,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 326.37 Td (Accrued interest payable and other liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 326.48 Td (44,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 326.37 Td (33,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 314.37 Td (Total liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 314.48 Td (7,847,411) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 314.37 Td (6,382,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 302.37 Td (Commitments and contingencies \(NOTES 17 and 21\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 290.37 Td (Shareholders equity:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 278.32 Td (Preferred stock, par value $1.00 per share; liquidation preference $25.00 per share;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 268.32 Td (100,000,000 shares authorized, 2,300,000 and 0 shares issued and outstanding as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 258.32 Td (December 31, 2015 and 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 258.43 Td (55,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 258.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 244.32 Td (Common stock, par value $1.00 per share;200,000,000 sharesauthorized; 27,432,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 234.32 Td (and 27,277,789shares issued as of December31, 2015 and 2014; 26,901,801 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 224.32 Td (26,745,529 shares outstanding as of December31, 2015 and 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 223.43 Td (27,432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 223.42 Td (27,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 209.37 Td (Additional paid in capital) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 209.48 Td (362,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 209.37 Td (355,822) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 197.37 Td (Retained earnings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 197.48 Td (124,511) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 197.37 Td (68,421) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 185.37 Td (Accumulated other comprehensive loss, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.80 185.53 Td (\(7,984) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 185.48 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 185.37 Td (\(122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 185.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 173.32 Td (Treasury stock, at cost \(530,260 shares as of December 31, 2015 and 532,260 shares as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 163.32 Td (of December31, 2014\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.80 164.48 Td (\(8,233) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 164.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 164.47 Td (\(8,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 164.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 150.37 Td (Total shareholders equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 150.48 Td (553,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 150.37 Td (443,145) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.00 138.48 Td (Total liabilities and shareholders equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 138.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 138.48 Td (8,401,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 138.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 138.37 Td (6,825,370) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 112.25 Td (See accompanying notes to the consolidated financial statements.) Tj ET Q endstream endobj 183 0 obj <>] /Rotate 0 /Contents 184 0 R>> endobj 184 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 33.60 Td (90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 749.25 Td (CUST) Tj ET Q q 0 0 0 rg BT 62.49 749.25 Td (OMERS BANCORP) Tj ET Q q 0 0 0 rg BT 150.19 749.25 Td (, INC. ) Tj ET Q q 0 0 0 rg BT 177.97 749.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 36.00 737.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 95.82 737.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 130.38 737.25 Td (A) Tj ET Q q 0 0 0 rg BT 136.85 737.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 201.77 737.25 Td ( INCOME) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 36.00 725.25 Td (\(amounts in thousands, except per share data\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 36.00 710.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 676.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 676.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 676.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 676.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 676.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 676.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 650.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 650.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 650.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 650.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 650.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 650.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 624.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 624.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 624.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 624.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 624.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 624.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 598.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 598.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 598.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 598.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 598.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 598.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 572.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 572.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 572.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 572.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 572.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 572.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 546.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 546.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 546.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 546.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 546.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 546.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 520.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 520.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 520.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 520.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 520.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 520.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 494.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 494.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 494.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 494.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 494.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 494.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 468.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 468.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 468.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 468.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 468.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 468.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 442.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 442.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 442.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 442.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 442.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 442.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 416.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 416.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 416.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 416.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 416.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 416.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 390.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 390.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 390.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 390.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 390.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 390.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 364.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 364.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 364.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 364.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 364.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 364.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 338.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 338.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 338.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 338.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 338.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 338.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 312.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 312.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 312.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 312.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 312.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 312.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 286.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 286.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 286.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 286.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 286.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 286.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 260.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 260.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 260.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 260.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 260.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 260.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 234.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 234.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 234.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 234.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 234.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 234.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 208.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 208.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 208.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 208.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 208.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 208.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 182.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 182.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 182.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 182.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 182.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 182.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 156.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 156.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 156.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 156.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 156.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 156.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 36.50 130.35 323.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 130.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 130.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 130.35 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 130.35 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 130.35 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 359.5 688.35 m 424.5 688.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 688.35 m 428.5 688.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 688.35 m 493.5 688.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 688.35 m 497.5 688.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 688.35 m 562.5 688.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 676.35 m 424.5 676.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 676.35 m 493.5 676.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 676.35 m 562.5 676.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 611.35 m 424.5 611.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 611.35 m 493.5 611.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 611.35 m 562.5 611.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 533.35 m 493.5 533.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 533.35 m 562.5 533.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 533.35 m 424.5 533.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 520.35 m 424.5 520.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 520.35 m 493.5 520.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 520.35 m 562.5 520.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 494.35 m 424.5 494.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 494.35 m 493.5 494.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 494.35 m 562.5 494.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 377.35 m 493.5 377.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 377.35 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 359.5 377.35 m 424.5 377.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 221.35000000000002 m 493.5 221.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 221.35000000000002 m 562.5 221.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 221.35000000000002 m 424.5 221.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 208.35000000000002 m 424.5 208.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 208.35000000000002 m 493.5 208.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 208.35000000000002 m 562.5 208.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 182.35000000000002 m 424.5 182.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 182.35000000000002 m 493.5 182.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 182.35000000000002 m 562.5 182.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 156.35000000000002 m 424.5 156.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 144.35000000000002 m 424.5 144.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 142.35000000000002 m 424.5 142.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 156.35000000000002 m 493.5 156.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 144.35000000000002 m 493.5 144.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 142.35000000000002 m 493.5 142.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 156.35000000000002 m 562.5 156.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 144.35000000000002 m 562.5 144.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 142.35000000000002 m 562.5 142.35000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 692.30 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.25 692.43 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 39.00 680.30 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 680.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 680.43 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 680.43 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 666.92 Td (Interest income:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 653.92 Td (Loans receivable, including fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 654.08 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 654.08 Td (182,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 653.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 653.92 Td (146,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 653.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 653.92 Td (82,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 640.92 Td (Loans held for sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 641.08 Td (51,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 640.92 Td (30,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 640.92 Td (38,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 627.92 Td (Investment securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 628.08 Td (10,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 627.92 Td (10,386) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 627.92 Td (6,314) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 614.92 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 615.08 Td (5,612) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 614.92 Td (2,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 614.92 Td (1,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 601.92 Td (Total interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 602.08 Td (249,850) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 601.92 Td (190,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 601.92 Td (128,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 588.92 Td (Interest expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 575.92 Td (Deposits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 576.08 Td (33,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 575.92 Td (24,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 575.92 Td (21,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 562.92 Td (Other borrowings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 563.08 Td (6,096) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 562.92 Td (5,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 562.92 Td (2,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 549.92 Td (FHLB advances) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 550.08 Td (6,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 549.92 Td (5,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 549.92 Td (1,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 536.92 Td (Subordinated debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 537.08 Td (6,739) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 536.92 Td (3,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 536.92 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 523.92 Td (Total interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 524.08 Td (53,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 523.92 Td (38,504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 523.92 Td (24,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 510.92 Td (Net interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 511.08 Td (196,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 510.92 Td (151,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 510.92 Td (103,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 497.92 Td (Provision for loan losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 498.08 Td (20,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 497.92 Td (14,747) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 497.92 Td (2,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.00 484.92 Td (Net interest income after provision for loan losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 485.08 Td (175,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 484.92 Td (137,176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 484.92 Td (101,619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 471.92 Td (Non-interest income:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 458.92 Td (Mortgage warehouse transactional fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 459.08 Td (10,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 458.92 Td (8,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 458.92 Td (12,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 445.92 Td (Bank-owned life insurance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 446.08 Td (7,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 445.92 Td (3,702) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 445.92 Td (2,482) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 432.92 Td (Gains on sales of loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 433.08 Td (4,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 432.92 Td (3,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 432.92 Td (852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 419.92 Td (Deposit fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.65 420.08 Td (944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 419.92 Td (801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 419.92 Td (675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 406.92 Td (Mortgage loan and banking income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.65 407.08 Td (741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 406.92 Td (2,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 406.92 Td (1,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 393.92 Td (Gain \(loss\) on sale of investment securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.30 394.13 Td (\(85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 394.08 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 393.92 Td (3,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 393.92 Td (1,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 380.92 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 381.08 Td (4,670) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 380.92 Td (4,026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 380.92 Td (3,316) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 367.92 Td (Total non-interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 368.08 Td (27,717) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 367.92 Td (25,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 367.92 Td (22,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 354.92 Td (Non-interest expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 341.92 Td (Salaries and employee benefits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 342.08 Td (58,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 341.92 Td (46,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 341.92 Td (35,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 328.92 Td (Professional services) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 329.08 Td (11,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 328.92 Td (7,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 328.92 Td (5,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 315.92 Td (FDIC assessments, taxes, and regulatory fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 316.08 Td (10,728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 315.92 Td (11,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 315.92 Td (5,568) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 302.92 Td (Technology, communication and bank operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 303.08 Td (10,596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 302.92 Td (8,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 302.92 Td (6,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 289.92 Td (Occupancy) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 290.08 Td (8,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 289.92 Td (8,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 289.92 Td (6,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 276.92 Td (Other real estate owned) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 277.08 Td (2,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 276.92 Td (3,601) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 276.92 Td (1,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 263.92 Td (Advertising and promotion) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 264.08 Td (1,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 263.92 Td (1,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 263.92 Td (1,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 250.92 Td (Loan workout) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 251.08 Td (1,127) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 250.92 Td (1,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 250.92 Td (2,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 237.92 Td (Loss contingency) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 238.08 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 237.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 237.92 Td (2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 224.92 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 225.08 Td (10,017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 224.92 Td (9,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 224.92 Td (7,372) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 211.92 Td (Total non-interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 212.08 Td (114,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 211.92 Td (98,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 211.92 Td (74,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 198.92 Td (Income before income tax expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 199.08 Td (88,495) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 198.92 Td (63,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 198.92 Td (50,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 185.92 Td (Income tax expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 186.08 Td (29,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 185.92 Td (20,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 185.92 Td (17,604) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 75.00 173.08 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 173.08 Td (58,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 172.92 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 172.92 Td (32,694) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 160.08 Td ( Preferred stock dividend) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 160.08 Td (2,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 159.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 159.92 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 39.00 147.08 Td ( Net income available to common shareholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 147.08 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 147.08 Td (56,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 146.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 146.92 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 146.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 146.92 Td (32,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 133.92 Td (Basic earnings per common share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 134.08 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.15 134.08 Td (2.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 133.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 133.92 Td (1.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 133.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 133.92 Td (1.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 39.00 120.92 Td (Diluted earnings per common share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 121.08 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.15 121.08 Td (1.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 120.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 120.92 Td (1.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 120.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 120.92 Td (1.30) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 36.00 69.85 Td (See accompanying notes to the consolidated financial statements.) Tj ET Q endstream endobj 185 0 obj <>] /Rotate 0 /Contents 186 0 R>> endobj 186 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (91) 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 (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 109.82 730.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 144.38 730.25 Td (A) Tj ET Q q 0 0 0 rg BT 150.85 730.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 215.77 730.25 Td ( COMPREHENSIVE INCOME) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (\(amounts in thousands\)) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 703.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 659.35 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 659.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 659.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 659.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 659.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 659.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 629.35 309.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 629.35 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 629.35 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 629.35 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 629.35 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 629.35 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 589.35 309.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 589.35 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 589.35 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 589.35 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 589.35 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 589.35 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 549.35 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 549.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 549.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 549.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 549.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 549.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 519.35 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 519.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 519.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 519.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 519.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 519.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 489.35 309.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 489.35 65.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 489.35 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 489.35 65.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 489.35 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 489.35 65.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 454.35 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 454.35 65.00 -15.00 re f /GS0 gs 0.8 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j 3 M 497.5 454.35 m 562.5 454.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 440.35 m 424.5 440.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 438.35 m 424.5 438.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 440.35 m 493.5 440.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 438.35 m 493.5 438.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 440.35 m 562.5 440.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 438.35 m 562.5 438.35 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 679.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.25 679.58 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 663.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 663.58 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 663.58 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 663.58 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 649.92 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 649.03 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 649.03 Td (58,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 649.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 649.02 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 649.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 649.02 Td (32,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 634.92 Td (Unrealized gains \(losses\) on securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 619.92 Td (Unrealized gains \(losses\) on available-for-sale securities arising during) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 609.92 Td (the period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.80 609.08 Td (\(10,140) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 609.03 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 609.02 Td (17,437) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 609.07 Td (\(12,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 609.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 594.92 Td (Income tax effect) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 594.03 Td (3,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 594.07 Td (\(6,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 594.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 594.02 Td (4,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 579.92 Td (Less: reclassification adjustments for losses \(gains\) on securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 569.92 Td (included in net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 569.03 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 569.07 Td (\(3,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 569.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 569.07 Td (\(1,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 569.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 554.92 Td (Income tax effect) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.30 554.08 Td (\(32) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 554.03 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 554.02 Td (1,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 554.02 Td (446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 539.92 Td (Net unrealized gains \(losses\) on securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.80 539.08 Td (\(6,328) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 539.03 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 539.02 Td (9,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 539.07 Td (\(9,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 539.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 524.92 Td (Unrealized losses on cash flow hedges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 509.92 Td (Unrealized losses on cash flow hedges arising during the period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.80 509.08 Td (\(2,532) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 509.03 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 509.07 Td (\(1,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 509.02 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 509.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 494.92 Td (Income tax effect) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.65 494.03 Td (998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 494.02 Td (681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 494.02 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 479.92 Td (Net unrealized losses on cash flow hedges) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.80 476.08 Td (\(1,534) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 476.03 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 476.07 Td (\(1,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 476.02 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 476.03 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 461.92 Td (Other comprehensive income \(loss\), net of income tax effect) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.80 459.08 Td (\(7,862) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 459.03 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 459.02 Td (7,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 459.07 Td (\(9,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 459.02 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 445.08 Td (Comprehensive income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 444.03 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 444.03 Td (50,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 444.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 444.02 Td (51,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 444.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 444.02 Td (23,512) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 403.85 Td (See accompanying notes to the consolidated financial statements.) 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( EQUITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (For) Tj ET Q q 0 0 0 rg BT 65.37 718.25 Td ( the ) Tj ET Q q 0 0 0 rg BT 83.33 718.25 Td (Y) Tj ET Q q 0 0 0 rg BT 89.44 718.25 Td (ears Ended ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 140.00 718.25 Td (December) Tj ET Q q 0 0 0 rg BT 183.13 718.25 Td (31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.63 718.25 Td (, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 225.63 718.25 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.63 718.25 Td ( and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.75 718.25 Td (2013) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.75 718.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (\(amounts in thousands, except share data\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 626.75 80.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 129.50 626.75 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 178.50 626.75 4.00 -14.00 re f /GS0 gs 0.8 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472.5 158.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 137.75 m 472.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 135.75 m 472.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 158.75 m 513.5 158.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 137.75 m 513.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 476.5 135.75 m 513.5 135.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 158.75 m 561.5 158.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 137.75 m 561.5 137.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 135.75 m 561.5 135.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 148.40 687.83 Td (Preferred Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 245.15 687.83 Td (Common Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 137.65 675.83 Td (Shares of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 136.95 667.83 Td (Preferred) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 143.90 659.83 Td (Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 132.15 651.83 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 185.45 659.98 Td (Preferred) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 192.40 651.98 Td (Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.65 675.83 Td (Shar) Tj ET Q q 0 0 0 rg BT 250.95 675.83 Td (es of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 234.70 667.83 Td (Common) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.90 659.83 Td (Stock ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 229.15 651.83 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 282.20 659.98 Td (Common) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.40 651.98 Td (Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 324.25 667.98 Td (Additional) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 330.35 659.98 Td (Paid in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 329.80 651.98 Td (Capital) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.65 659.98 Td (Retained) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 371.40 651.98 Td (Earnings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.30 675.83 Td (Accumulated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.85 667.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 414.40 659.83 Td (Compr) Tj ET Q q 0 0 0 rg BT 438.70 659.83 Td (ehensive) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.85 651.83 Td (Income \(Loss\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 479.05 659.98 Td (T) Tj ET Q q 0 0 0 rg BT 483.79 659.98 Td (r) Tj ET Q q 0 0 0 rg BT 487.20 659.98 Td (easury) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.90 651.98 Td (Stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.25 651.98 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 638.98 Td (Balance, January 1,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 630.98 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 631.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.00 631.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 631.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.25 631.00 Td (18,459,502) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 631.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 631.00 Td (18,507) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 631.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.25 631.00 Td (212,090) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.00 631.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 631.00 Td (38,314) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.00 631.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 631.00 Td (1,064) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.00 631.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.60 631.00 Td (\(500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 631.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.00 631.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.25 631.00 Td (269,475) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 618.70 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 617.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 617.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.30 617.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 617.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.30 617.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 617.00 Td (32,694) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 617.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 617.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.25 617.00 Td (32,694) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 604.70 Td (Other comprehensive) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 596.70 Td (loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 597.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 597.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.30 597.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 597.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.30 597.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 597.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.60 597.00 Td (\(9,182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 597.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 597.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 597.00 Td (\(9,182) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 597.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 584.70 Td (Share-based) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 576.70 Td (compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 577.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 577.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.30 577.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 577.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.25 577.00 Td (3,368) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 577.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 577.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 577.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.25 577.00 Td (3,368) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 564.70 Td (Public offering of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 556.70 Td (common stock, net of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 548.70 Td (costs of $5,994) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 550.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 550.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.25 550.00 Td (6,179,104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.30 550.00 Td (6,179) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.25 550.00 Td (91,328) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 550.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 550.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 550.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.25 550.00 Td (97,507) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 537.70 Td (Exercise and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 529.70 Td (redemption of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 521.70 Td (warrants) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 523.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 523.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.25 523.00 Td (46,773) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 523.00 Td (47) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.25 523.00 Td (217) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 523.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 523.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 523.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.25 523.00 Td (264) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 510.70 Td (Issuance of common) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 502.70 Td (stock under share-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 494.70 Td (based-compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 486.70 Td (arrangements) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 487.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 487.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.25 487.00 Td (23,413) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 487.00 Td (23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.25 487.00 Td (228) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 487.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 487.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 487.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.25 487.00 Td (251) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 474.70 Td (Repurchase of shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 473.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 473.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 243.60 473.00 Td (\(484,641) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 272.30 473.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 473.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.30 473.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 473.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 473.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.60 473.00 Td (\(7,754) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 473.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 473.00 Td (\(7,754) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 473.00 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 459.98 Td (Balance, December) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 451.98 Td (31, 2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 452.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 452.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.25 452.00 Td (24,224,151) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 452.00 Td (24,756) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.25 452.00 Td (307,231) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 452.00 Td (71,008) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.60 452.00 Td (\(8,118) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 452.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.60 452.00 Td (\(8,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 452.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.25 452.00 Td (386,623) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 439.70 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 438.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 438.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.30 438.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 438.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.30 438.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 438.00 Td (43,214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 438.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 438.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.25 438.00 Td (43,214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 425.70 Td (Other comprehensive) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 417.70 Td (income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 418.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 418.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.30 418.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 418.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.30 418.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 418.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.30 418.00 Td (7,996) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 418.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.25 418.00 Td (7,996) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 405.70 Td (Stock dividend) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 404.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 404.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 240.25 404.00 Td (2,429,375) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 296.30 404.00 Td (2,429) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.25 404.00 Td (43,364) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.60 404.00 Td (\(45,801) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.30 404.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 404.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 404.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 551.60 404.00 Td (\(8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 404.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 391.70 Td (Share-based) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 383.70 Td (compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 384.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 384.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.30 384.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 384.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.25 384.00 Td (4,209) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 384.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 384.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 384.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.25 384.00 Td (4,209) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 371.70 Td (Exercise of warrants) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 370.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 370.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 260.30 370.00 Td (546) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.30 370.00 Td (1) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 357.30 370.00 Td (5) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 370.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 370.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 370.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 554.30 370.00 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 357.70 Td (Issuance of common) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 349.70 Td (stock under share-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 341.70 Td (based-compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 333.70 Td (arrangements) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 335.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 335.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 250.25 335.00 Td (91,457) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 335.00 Td (92) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.25 335.00 Td (1,013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 335.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 335.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 335.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.25 335.00 Td (1,105) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 321.98 Td (Balance, December) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 313.98 Td (31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 314.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 314.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.25 314.00 Td (26,745,529) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 314.00 Td (27,278) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.25 314.00 Td (355,822) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 314.00 Td (68,421) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.60 314.00 Td (\(122) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 314.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.60 314.00 Td (\(8,254) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 314.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.25 314.00 Td (443,145) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 301.70 Td (Net income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 300.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 300.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.30 300.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 300.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.30 300.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 381.30 300.00 Td (58,583) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 300.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 300.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.25 300.00 Td (58,583) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 287.70 Td (Other comprehensive) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 279.70 Td (loss) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 280.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 280.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.30 280.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 280.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.30 280.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 280.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.60 280.00 Td (\(7,862) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 280.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 280.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 280.00 Td (\(7,862) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 280.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 267.70 Td (Issuance of preferred) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 259.70 Td (stock, net of offering) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 251.70 Td (costs of $1,931) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.25 253.00 Td (2,300,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.25 253.00 Td (55,569) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.30 253.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 253.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.30 253.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 253.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 253.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 253.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.25 253.00 Td (55,569) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 240.70 Td (Preferred stock) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 232.70 Td (dividends) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 233.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 233.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.30 233.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 233.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.30 233.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.60 233.00 Td (\(2,493) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.30 233.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 233.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 233.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 233.00 Td (\(2,493) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 233.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 220.70 Td (Share-based) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 212.70 Td (compensation expense) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.30 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.25 213.00 Td (4,862) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 213.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.25 213.00 Td (4,862) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 200.70 Td (Exercise of warrants) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 199.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 199.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.25 199.00 Td (7,611) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 310.30 199.00 Td (8) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 353.30 199.00 Td (90) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 199.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 199.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 199.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 199.00 Td (98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 186.70 Td (Issuance of common) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 178.70 Td (stock under share-) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 170.70 Td (based-compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 162.70 Td (arrangements) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 167.30 163.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 211.25 163.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.25 163.00 Td (148,661) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.30 163.00 Td (146) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.25 163.00 Td (1,833) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.30 163.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.30 163.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 502.30 163.00 Td (21) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.25 163.00 Td (2,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 148.98 Td (Balance, December) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 140.98 Td (31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.25 141.00 Td (2,300,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 185.00 141.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 197.25 141.00 Td (55,569) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.25 141.00 Td (26,901,801) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 282.00 141.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 141.00 Td (27,432) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.00 141.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 335.25 141.00 Td (362,607) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.00 141.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 377.30 141.00 Td (124,511) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.00 141.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 448.60 141.00 Td (\(7,984) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 141.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 479.00 141.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.60 141.00 Td (\(8,233) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.30 141.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.00 141.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.25 141.00 Td (553,902) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 113.25 Td (See accompanying notes to the consolidated financial statements.) Tj ET Q endstream endobj 189 0 obj <>] /Rotate 0 /Contents 190 0 R>> endobj 190 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 20.10 Td (93) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 749.25 Td (CUST) Tj ET Q q 0 0 0 rg BT 75.99 749.25 Td (OMERS BANCORP) Tj ET Q q 0 0 0 rg BT 163.69 749.25 Td (, INC. ) Tj ET Q q 0 0 0 rg BT 191.47 749.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 737.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 109.32 737.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 143.88 737.25 Td (A) Tj ET Q q 0 0 0 rg BT 150.35 737.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 215.27 737.25 Td ( CASH FLOWS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 725.25 Td (\(amounts in thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 688.75 309.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 688.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 688.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 688.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 688.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 688.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 663.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 663.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 663.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 663.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 663.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 663.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 639.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 639.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 639.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 639.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 639.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 639.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 615.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 615.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 615.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 615.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 615.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 615.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 591.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 591.75 65.00 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0.9333333333333333 1 rg /GS0 gs 50.00 369.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 369.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 369.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 369.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 369.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 369.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 345.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 345.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 345.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 345.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 345.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 345.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 321.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 321.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 321.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 321.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 321.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 321.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 297.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 297.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 297.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 297.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 297.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 297.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 273.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 273.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 273.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 273.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 273.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 273.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 249.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 249.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 249.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 249.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 249.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 249.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 225.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 225.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 225.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 225.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 225.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 225.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 201.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 201.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 201.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 201.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 201.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 201.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 176.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 176.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 176.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 176.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 176.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 176.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 152.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 152.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 152.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 152.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 152.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 152.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 127.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 127.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 127.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 127.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 127.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 127.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 103.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 103.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 103.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 103.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 103.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 103.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 79.75 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 79.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 79.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 79.75 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 79.75 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 79.75 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 359 701.75 m 424 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 701.75 m 428 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 701.75 m 493 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 701.75 m 497 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 701.75 m 562 701.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 688.75 m 424 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 688.75 m 493 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 688.75 m 562 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 447.75 m 424 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 447.75 m 493 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 447.75 m 562 447.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 273.75 m 424 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 273.75 m 493 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 273.75 m 562 273.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 115.75 m 424 115.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 115.75 m 493 115.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 115.75 m 562 115.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 103.75 m 424 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 103.75 m 493 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 103.75 m 562 103.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 79.75 m 424 79.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 79.75 m 493 79.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 79.75 m 562 79.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 68.75 m 424 68.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 66.75 m 424 66.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 68.75 m 493 68.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 66.75 m 493 66.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 68.75 m 562 68.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 66.75 m 562 66.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 706.00 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 408.15 705.81 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 693.00 Td () Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 384.00 692.81 Td (2015) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 453.00 692.81 Td (2014) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 522.00 692.81 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 680.83 Td (Cash Flows from Operating Activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 667.70 Td (Net income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.50 667.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.80 667.83 Td (58,583) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 667.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 667.70 Td (43,214) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 667.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 667.70 Td (32,694) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 655.70 Td (Adjustments to reconcile net income to net cash \(used in\) provided by operating activities:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 643.70 Td (Provision for loan losses, net of change to FDIC receivable and clawback liability) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.80 643.83 Td (20,566) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 643.70 Td (14,747) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 643.70 Td (2,236) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 631.70 Td (Loss contingency) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 631.83 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.80 631.83 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 631.70 Td (2,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 619.70 Td (Provision for depreciation and amortization) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.80 619.83 Td (3,998) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 619.70 Td (3,604) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 619.70 Td (3,129) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 607.70 Td (Share-based compensation expense) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.80 607.83 Td (5,661) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 607.70 Td (5,237) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 607.70 Td (3,368) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 595.70 Td (Deferred taxes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.10 595.83 Td (\(10,092) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 595.83 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 595.70 Td (\(6,187) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 595.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 595.70 Td (2,210) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 583.70 Td (Net amortization of investment securities premiums and discounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 583.83 Td (858) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.80 583.70 Td (821) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 583.70 Td (475) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 571.70 Td (Loss \(gain\) on sale of investment securities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 571.83 Td (85) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 571.70 Td (\(3,191) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 571.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 571.70 Td (\(1,274) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 571.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 559.70 Td (Gain on sale of mortgages and other loans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.10 559.83 Td (\(4,479) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 559.83 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 559.70 Td (\(5,344) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 559.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 559.70 Td (\(852) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 559.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 547.70 Td (Origination of loans held for sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.10 547.83 Td (\(29,925,763) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 547.83 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.10 547.70 Td (\(18,138,339) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 547.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.10 547.70 Td (\(20,670,866) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 547.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 535.70 Td (Proceeds from the sale of loans held for sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.75 535.83 Td (29,504,104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.75 535.70 Td (17,553,196) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.75 535.70 Td (21,360,465) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 523.70 Td (Increase in FDIC loss sharing receivable net of clawback liability) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.10 523.83 Td (\(2,430) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 523.83 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 523.70 Td (\(2,409) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 523.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 523.70 Td (\(1,610) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 523.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 511.70 Td (Amortization \(accretion\) of fair value discounts) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 511.83 Td (832) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.10 511.70 Td (\(273) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 511.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.10 511.70 Td (\(912) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 511.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 499.70 Td (Net loss on sales of other real estate owned) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 499.83 Td (761) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.80 499.70 Td (966) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 499.70 Td (732) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 487.70 Td (Valuation and other adjustments to other real estate owned, net of FDIC receivable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 487.83 Td (992) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 487.70 Td (1,979) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 487.70 Td (839) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 475.70 Td (Earnings on investment in bank-owned life insurance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.10 475.83 Td (\(7,006) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 475.83 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 475.70 Td (\(3,702) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 475.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 475.70 Td (\(2,482) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 475.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 463.70 Td (Increase in accrued interest receivable and other assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.10 463.83 Td (\(12,024) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 463.83 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.10 463.70 Td (\(16,423) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 463.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 463.70 Td (\(15,091) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 463.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 451.70 Td (Increase in accrued interest payable and other liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.80 451.83 Td (8,706) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 451.70 Td (9,606) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 451.70 Td (6,974) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 439.83 Td (Net Cash \(Used in\) Provided by Operating Activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.10 439.83 Td (\(356,648) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 439.83 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.10 439.70 Td (\(542,498) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 439.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 439.70 Td (722,035) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 427.83 Td (Cash Flows from Investing Activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 415.70 Td (Purchases of investment securities available for sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.10 415.83 Td (\(231,703) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 415.83 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.10 415.70 Td (\(164,940) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 415.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 415.70 Td (\(542,110) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 415.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 403.70 Td (Proceeds from maturities, calls and principal repayments on investment securitiesavailable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 395.75 Td (for sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.80 397.98 Td (76,331) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 398.00 Td (49,195) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 398.00 Td (25,109) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 385.70 Td (Proceeds from sales of investment securities available for sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 385.83 Td (806) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 385.70 Td (213,249) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 385.70 Td (135,193) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 373.70 Td (Net increase in loans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.10 373.83 Td (\(1,341,133) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 373.83 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.10 373.70 Td (\(1,814,196) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 373.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.10 373.70 Td (\(1,008,410) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 373.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 361.70 Td (Purchase of loan portfolios) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 361.83 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.10 361.70 Td (\(309,927) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 361.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 530.10 361.70 Td (\(164,033) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 361.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 349.70 Td (Proceeds from sale of loans held for investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.80 349.83 Td (248,060) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 349.70 Td (162,724) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 349.70 Td (11,624) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 337.70 Td (Net purchases of bank-owned life insurance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.10 337.83 Td (\(15,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 337.83 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.10 337.70 Td (\(30,465) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 337.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 337.70 Td (\(45,465) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 337.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 325.70 Td (Proceeds from bank-owned life insurance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.80 325.83 Td (3,384) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 325.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 325.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 313.70 Td (Net purchases of FHLB, Federal Reserve Bank, and other restricted stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.10 313.83 Td (\(8,839) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 313.83 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.10 313.70 Td (\(39,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 313.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 313.70 Td (\(12,261) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 313.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 301.70 Td (Reimbursements from the FDIC on loss sharing agreements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.80 301.83 Td (3,917) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 301.70 Td (5,446) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 301.70 Td (6,726) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 289.70 Td (Purchases of bank premises and equipment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.10 289.83 Td (\(2,939) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 289.83 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 289.70 Td (\(1,419) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 289.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 289.70 Td (\(3,894) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 289.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 277.70 Td (Proceeds from sales of other real estate owned) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.80 277.83 Td (8,890) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 277.70 Td (7,991) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 277.70 Td (9,506) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 265.83 Td (Net Cash Used in Investing Activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.10 265.83 Td (\(1,258,226) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 265.83 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.10 265.70 Td (\(1,921,920) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 265.70 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.10 265.70 Td (\(1,588,015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 265.70 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 253.83 Td (Cash Flows from Financing Activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 241.70 Td (Net increase in deposits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.80 241.83 Td (1,376,985) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 241.70 Td (1,572,648) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 241.70 Td (519,179) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 229.70 Td (Net increase in short-term borrowed funds from the FHLB) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.10 229.83 Td (\(17,700) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 229.83 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 229.70 Td (633,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 229.70 Td (208,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 217.70 Td (Net increase in federal funds purchased) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.80 217.83 Td (70,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 217.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 217.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 205.70 Td (Proceeds from long-term FHLB borrowings) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.80 205.83 Td (25,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 205.70 Td (265,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 205.70 Td (35,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 193.70 Td (Proceeds from issuance of long-term debt, net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 193.83 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 193.70 Td (133,142) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 193.70 Td (60,336) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 181.70 Td (Repayment of subordinated debt) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 180.98 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.10 181.00 Td (\(2,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 181.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 181.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 168.70 Td (Net proceeds from issuance of preferred stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.80 168.83 Td (55,569) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.80 168.83 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 168.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 156.70 Td (Preferred stock dividends paid) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.10 156.83 Td (\(2,314) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 156.83 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.80 156.83 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 156.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 144.70 Td (Exercise and redemption of warrants) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 144.83 Td (98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 485.80 144.70 Td (6) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 144.70 Td (264) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 132.70 Td (Purchase of treasury stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 131.98 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.80 131.98 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 538.10 132.00 Td (\(7,754) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 132.00 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 119.70 Td (Net proceeds from issuance of common stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.80 119.83 Td (806) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 119.70 Td (77) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 119.70 Td (97,507) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 107.83 Td (Net Cash Provided by Financing Activities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.80 107.83 Td (1,508,444) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 107.70 Td (2,602,373) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 107.70 Td (913,032) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 95.83 Td (Net \(Decrease\) Increase in Cash and Cash Equivalents) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.10 95.83 Td (\(106,430) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 420.80 95.83 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 95.70 Td (137,955) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 95.70 Td (47,052) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 83.83 Td (Cash and Cash Equivalents Beginning) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.80 83.83 Td (371,023) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 83.70 Td (233,068) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 83.70 Td (186,016) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 71.83 Td (Cash and Cash Equivalents Ending) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.50 71.83 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.80 71.83 Td (264,593) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 71.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 71.70 Td (371,023) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 71.70 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 71.70 Td (233,068) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 56.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 56.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 56.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.50 56.25 Td ( ) Tj ET Q q 0 0 0 rg BT 193.50 56.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.50 56.25 Td ( ) Tj ET Q q 0 0 0 rg BT 265.50 56.25 Td ( ) Tj ET Q q 0 0 0 rg BT 301.50 56.25 Td ( ) Tj ET Q q 0 0 0 rg BT 337.50 56.25 Td ( ) Tj ET Q q 0 0 0 rg BT 373.50 56.25 Td ( ) Tj ET Q q 0 0 0 rg BT 409.50 56.25 Td ( ) Tj ET Q q 0 0 0 rg BT 445.50 56.25 Td ( ) Tj ET Q q 0 0 0 rg BT 481.50 56.25 Td (\(continued\)) Tj ET Q endstream endobj 191 0 obj <>] /Rotate 0 /Contents 192 0 R>> endobj 192 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 20.10 Td (94) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 737.25 Td (CUST) Tj ET Q q 0 0 0 rg BT 75.99 737.25 Td (OMERS BANCORP) Tj ET Q q 0 0 0 rg BT 163.69 737.25 Td (, INC. ) Tj ET Q q 0 0 0 rg BT 191.47 737.25 Td (AND SUBSIDIARIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 725.25 Td (CONSOLIDA) Tj ET Q q 0 0 0 rg BT 109.32 725.25 Td (TED ST) Tj ET Q q 0 0 0 rg BT 143.88 725.25 Td (A) Tj ET Q q 0 0 0 rg BT 150.35 725.25 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 215.27 725.25 Td ( CASH FLOWS \(continued\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 703.65 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 667.15 309.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 667.15 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 667.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 667.15 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 667.15 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 667.15 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 642.15 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 642.15 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 642.15 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 642.15 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 642.15 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 642.15 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 617.15 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 617.15 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 617.15 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 617.15 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 617.15 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 617.15 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 593.15 309.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.00 593.15 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 593.15 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.00 593.15 65.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.00 593.15 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.00 593.15 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 359 680.15 m 424 680.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 680.15 m 428 680.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 680.15 m 493 680.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 680.15 m 497 680.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 680.15 m 562 680.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 667.15 m 424 667.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 667.15 m 493 667.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 667.15 m 562 667.15 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 684.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.75 684.38 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 671.40 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.00 671.38 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.00 671.38 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 671.38 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 659.23 Td (Supplementary Cash Flow Information) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 646.10 Td (Interest paid) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.50 646.23 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.80 646.23 Td (51,313) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 646.10 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 646.10 Td (37,580) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 646.10 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 646.10 Td (24,157) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 634.10 Td (Income taxes paid) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.80 634.23 Td (38,734) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 634.10 Td (29,843) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 634.10 Td (9,815) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 622.23 Td (Non-cash Items:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 609.10 Td (Transfer of loans to other real estate owned) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.50 609.23 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.80 609.23 Td (3,467) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 609.10 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 609.10 Td (14,042) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 609.10 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 609.10 Td (15,003) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 597.10 Td (Transfer of loans from held for investment to held for sale) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.80 597.23 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 597.10 Td (164,681) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 597.10 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.50 585.10 Td (Transfer of loans from held for sale to held for investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.80 585.23 Td (30,365) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 585.10 Td (18,826) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 585.10 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 557.65 Td (See accompanying notes to the consolidated financial statements.) Tj ET Q endstream endobj 193 0 obj <>] /Rotate 0 /Contents 194 0 R>> endobj 194 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (95) 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 515.84 682.25 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 472.18 622.25 Td (ye, New ) Tj ET Q q 0 0 0 rg BT 507.63 622.25 Td (Y) Tj ET Q q 0 0 0 rg BT 513.85 622.25 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 \(Rockingham County\), and Manhattan, New ) Tj ET Q q 0 0 0 rg BT 298.18 598.25 Td (Y) Tj ET Q q 0 0 0 rg BT 304.40 598.25 Td (ork. ) Tj ET Q q 0 0 0 rg BT 325.05 598.25 Td (The Bank has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.54 598.25 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.54 598.25 Td ( full-service branches and provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 Td (commercial banking products, primarily loans and deposits.Customers Bank provides loan and other financial products to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.25 Td (customers through its limited purpose of) Tj ET Q q 0 0 0 rg BT 211.74 574.25 Td (fices in Boston, Massachusetts, Providence, Rhode Island, Portsmouth, New ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (Hampshire, Manhattan and Melville, New ) Tj ET Q q 0 0 0 rg BT 220.97 562.25 Td (Y) Tj ET Q q 0 0 0 rg BT 227.19 562.25 Td (ork and Philadelphia, Pennsylvania. ) Tj ET Q q 0 0 0 rg BT 373.10 562.25 Td (The Bank also provides liquidity to residential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (mortgage originators nationwide through commercial loans to mortgage companies. Customers Bank is subject to regulation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (the Pennsylvania Department of Banking and Securities and the Federal Reserve Bank and is periodically examined by those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (regulatory authorities. Customers Bancorp has made certain equity investments through its wholly owned subsidiaries CB ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (Green ) Tj ET Q q 0 0 0 rg BT 76.75 514.25 Td (V) Tj ET Q q 0 0 0 rg BT 82.86 514.25 Td (entures Pte Ltd. and CUBI India ) Tj ET Q q 0 0 0 rg BT 214.60 514.25 Td (V) Tj ET Q q 0 0 0 rg BT 220.71 514.25 Td (entures Pte Ltd. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (NOTE 2 ) Tj ET Q q 0 0 0 rg BT 95.29 490.25 Td (ACQUISITION ) Tj ET Q q 0 0 0 rg BT 165.59 490.25 Td (ACTIVITY) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 472.25 Td (Acquisition of Higher One, Inc.'s One ) Tj ET Q q 0 0 0 rg BT 203.60 472.25 Td (Account Student Checking and Refund Management Disbursement Services Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.25 Td (On December 15, 2015, Customers announced that it had entered into an ) Tj ET Q q 0 0 0 rg BT 343.26 448.25 Td (Asset Purchase ) Tj ET Q q 0 0 0 rg BT 406.03 448.25 Td (Agreement \(the "Agreement"\) to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (acquire assets related to the One ) Tj ET Q q 0 0 0 rg BT 181.06 436.25 Td (Account Student Checking and Refund Management Disbursement Services business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (\("Disbursements"\) of Higher One, Inc. \("Higher One"\). Pursuant to the ) Tj ET Q q 0 0 0 rg BT 338.49 424.25 Td (Agreement, Customers will acquire all assets of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (Disbursements business, including all property and equipment, existing contractual relationships with vendors and educational ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (institutions, and all intellectual property) Tj ET Q q 0 0 0 rg BT 209.04 400.25 Td (, will assume certain normal business related liabilities, and will commit to hire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.26 388.25 Td (225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.26 388.25 Td ( current 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 50.00 376.25 Td (business and serve the customers. Customers intends to retain these team members in New Haven. Customers will pay Higher ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.25 Td (One an aggregate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.29 364.25 Td ($42 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.68 364.25 Td ( in cash in connection with the acquisition of the Disbursements business. Under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.25 Td (Agreement, Customers will pay Higher One ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.13 352.25 Td ($17 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.52 352.25 Td ( in cash at closing and make cash payments of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.69 352.25 Td ($10 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.08 352.25 Td ( each on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.25 Td (first and second anniversaries of the closing. Customers also will pay Higher One ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.81 340.25 Td ($5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.21 340.25 Td ( in cash for Higher One's services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (under a transition services agreement. ) Tj ET Q q 0 0 0 rg BT 206.15 328.25 Td (The transaction is subject to approval by Higher One stockholders which is expected to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (occur in the first quarter of 2016 with the transaction closing expected no later than July 1, 2016. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (Acquisition of Loan Portfolio) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (In the first quarter 2014, Customers Bank purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.89 280.25 Td ($277.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.79 280.25 Td ( of residential adjustable-rate jumbo mortgage loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (\(indexed to one-year LIBOR\) from Michigan-based Flagstar Bank. ) Tj ET Q q 0 0 0 rg BT 320.58 268.25 Td (The purchase price was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.20 268.25 Td (100.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.03 268.25 Td ( of loans outstanding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (In first quarter 2013, Customers Bank completed the purchase of certain commercial loans from Michigan-based Flagstar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (Bank. Under the terms of the agreement, Customers Bank acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.03 232.25 Td ($182.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.92 232.25 Td ( in commercial loan and related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (commitments, of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.21 220.25 Td ($155.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.10 220.25 Td ( was drawn at the date of acquisition. ) Tj ET Q q 0 0 0 rg BT 356.89 220.25 Td (Also, as part of the agreement, Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (assumed the leases for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.19 208.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.19 208.25 Td ( of Flagstar) Tj ET Q q 0 0 0 rg BT 203.11 208.25 Td () Tj ET Q q 0 0 0 rg BT 205.89 208.25 Td (s commercial lending of) Tj ET Q q 0 0 0 rg BT 302.62 208.25 Td (fices in New England. ) Tj ET Q q 0 0 0 rg BT 393.80 208.25 Td (The purchase price was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.42 208.25 Td (98.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.25 208.25 Td ( of loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (outstanding.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td ( ) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 163.85 Td () Tj ET Q endstream endobj 195 0 obj <>] /Rotate 0 /Contents 196 0 R>> endobj 196 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (96) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 742.25 Td (NOTE 3 SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 161.84 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 163.79 742.25 Td (ACCOUNTING POLICIES ) Tj ET Q q 0 0 0 rg BT 285.48 742.25 Td (AND BASIS OF) Tj ET Q q 0 0 0 rg BT 354.56 742.25 Td ( PRESENT) Tj ET Q q 0 0 0 rg BT 402.44 742.25 Td (A) Tj ET Q q 0 0 0 rg BT 408.92 742.25 Td (TION) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 724.25 Td (Basis of Pr) Tj ET Q q 0 0 0 rg BT 95.43 724.25 Td (esentation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.25 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 49.50 694.25 Td (generally accepted in the United States of ) Tj ET Q q 0 0 0 rg BT 218.05 694.25 Td (America and predominant practices of the banking industry) Tj ET Q q 0 0 0 rg BT 455.38 694.25 Td (.) Tj ET Q q 0 0 0 rg BT 460.20 694.25 Td (The preparation of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.25 Td (financial statements requires management to make estimates and assumptions that af) Tj ET Q q 0 0 0 rg BT 388.10 682.25 Td (fect the reported balances of assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.25 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 49.50 658.25 Td (revenues and expenses during the reporting period. ) Tj ET Q q 0 0 0 rg BT 255.55 658.25 Td (Actual results could dif) Tj ET Q q 0 0 0 rg BT 348.96 658.25 Td (fer from those estimates.Material estimates that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.25 Td (particularly susceptible to significant change in the near) Tj ET Q q 0 0 0 rg BT 272.83 646.25 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 49.50 634.25 Td (deterioration and expected cash flows of purchased-credit-impaired loans, FDIC indemnification asset and related clawback ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.25 Td (liability) Tj ET Q q 0 0 0 rg BT 79.96 622.25 Td (, valuation of deferred tax assets, other) Tj ET Q q 0 0 0 rg BT 234.70 622.25 Td (-than-temporary impairment losses on securities, fair values of financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.25 Td (instruments, and annual goodwill impairment analysis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.25 Td (Certain amounts reported in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.63 586.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.63 586.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.07 586.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.07 586.25 Td ( financial statements have been reclassified to conform to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.20 586.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.20 586.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.25 Td (presentation.) Tj ET Q q 0 0 0 rg BT 103.19 574.25 Td (These reclassifications did not significantly impact Customers financial position or results of operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 544.25 Td (Principles of Consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.25 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 49.50 514.25 Td (subsidiaries: Customers Bank, CB Green ) Tj ET Q q 0 0 0 rg BT 215.97 514.25 Td (V) Tj ET Q q 0 0 0 rg BT 222.08 514.25 Td (entures Pte Ltd. and CUBI India ) Tj ET Q q 0 0 0 rg BT 353.82 514.25 Td (V) Tj ET Q q 0 0 0 rg BT 359.93 514.25 Td (entures Pte Ltd. Customers Bank includes the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.25 Td (accounts of its wholly owned subsidiary CIC, Inc. and other subsidiaries. ) Tj ET Q q 0 0 0 rg BT 346.40 502.25 Td (All significant intercompany balances and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.25 Td (transactions have been eliminated in consolidation.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 460.25 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 49.50 442.25 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 49.50 430.25 Td (maturity date of three months or less and are recorded at cost. ) Tj ET Q q 0 0 0 rg BT 298.40 430.25 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 49.50 418.25 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 49.50 406.25 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 49.50 394.25 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 49.50 382.25 Td (statement of cash flows. Cash used upon initial funding of Customers' mortgage warehousing lending transactions and proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.25 Td (received when the mortgage loans are sold into the secondary market are classified as operating activities within the statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.25 Td (of cash flows. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 328.25 Td (Restrictions on Cash and ) Tj ET Q q 0 0 0 rg BT 158.41 328.25 Td (Amounts due fr) Tj ET Q q 0 0 0 rg BT 225.45 328.25 Td (om Banks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.25 Td (Customers Bank is required to maintain average balances on hand or with the Federal Reserve Bank.) Tj ET Q q 0 0 0 rg BT 454.66 310.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.16 310.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.75 310.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.44 298.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.44 298.25 Td (, these reserve balances were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.71 298.25 Td ($73.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.60 298.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.04 298.25 Td ($61.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.93 298.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 384.59 298.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 268.25 Td (Investment Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.25 Td (Customers acquires securities, lar) Tj ET Q q 0 0 0 rg BT 183.72 250.25 Td (gely mortgage-backed securities, to ef) Tj ET Q q 0 0 0 rg BT 335.98 250.25 Td (fectively utilize cash and capital and to generate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.25 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 49.50 226.25 Td (for sale, held to maturity) Tj ET Q q 0 0 0 rg BT 147.43 226.25 Td (, or trading, and their designation determines their accounting as follows:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 202.25 Td (A) Tj ET Q q 0 0 0 rg BT 55.06 202.25 Td (vailable for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.05 202.25 Td (: Investments 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 49.50 190.25 Td (intends to hold for an indefinite period of time but not necessarily to maturity) Tj ET Q q 0 0 0 rg BT 358.50 190.25 Td (. Investment securities available for sale are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.25 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 49.50 166.25 Td (income, net of the related deferred tax ef) Tj ET Q q 0 0 0 rg BT 212.01 166.25 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 49.50 154.25 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 49.50 142.25 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 49.50 118.25 Td (Held to maturity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.60 118.25 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 49.50 106.25 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 94.25 Td (conditions.) Tj ET Q q 0 0 0 rg BT 95.98 94.25 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 82.25 Td (by a method which approximates the interest method over the terms of the securities. ) Tj ET Q q 0 0 0 rg BT 391.72 82.25 Td (There are no securities classified as held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.25 Td (to maturity as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.82 70.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.40 70.25 Td ( or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.73 70.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.73 70.25 Td (. ) Tj ET Q endstream endobj 197 0 obj <>] /Rotate 0 /Contents 198 0 R>> endobj 198 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (97) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.51 742.10 Td (rading:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.51 742.10 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 49.50 730.10 Td (trade. ) Tj ET Q q 0 0 0 rg BT 74.30 730.10 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 49.50 718.10 Td (actively trade securities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (For available-for) Tj ET Q q 0 0 0 rg BT 116.77 694.10 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 49.50 682.10 Td (temporarily impaired. Other) Tj ET Q q 0 0 0 rg BT 161.76 682.10 Td (-than-temporary impairment means that management believes a security) Tj ET Q q 0 0 0 rg BT 453.60 682.10 Td (s decline in fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (below its amortized cost basis is due to factors that could include the issuer) Tj ET Q q 0 0 0 rg BT 350.63 670.10 Td () Tj ET Q q 0 0 0 rg BT 353.41 670.10 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 49.50 658.10 Td (for default, and/or other factors. ) Tj ET Q q 0 0 0 rg BT 179.54 658.10 Td (When a held-to-maturity or available-for) Tj ET Q q 0 0 0 rg BT 342.61 658.10 Td (-sale debt security is assessed for other) Tj ET Q q 0 0 0 rg BT 497.91 658.10 Td (-than-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 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 476.23 646.10 Td (, and \(b\)whether it is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 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 49.50 610.10 Td (If one of these circumstances applies to a security) Tj ET Q q 0 0 0 rg BT 247.66 610.10 Td (, an other) Tj ET Q q 0 0 0 rg BT 284.95 610.10 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 49.50 598.10 Td (statements of income equal to the full amount of the decline in fair value below amortized cost. If neither of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (circumstances applies to a security) Tj ET Q q 0 0 0 rg BT 187.69 586.10 Td (, but Customers does not expect to recover the entire amortized cost, an other) Tj ET Q q 0 0 0 rg BT 496.56 586.10 Td (-than-temporary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (impairment has occurred that must be separated into two categories: \(a\)the amount related to credit loss, and \(b\)the amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (related to other factors. In assessing the level of other) Tj ET Q q 0 0 0 rg BT 263.11 562.10 Td (-than-temporary impairment attributable to credit loss, management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (compares the present value of cash flows expected to be collected with the amortized cost basis of the security) Tj ET Q q 0 0 0 rg BT 490.36 550.10 Td (. ) Tj ET Q q 0 0 0 rg BT 495.18 550.10 Td (The portion of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (the total other) Tj ET Q q 0 0 0 rg BT 104.84 538.10 Td (-than-temporary impairment related to credit loss is recognized in earnings \(as the dif) Tj ET Q q 0 0 0 rg BT 446.20 538.10 Td (ference between the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (value and the present value of the estimated cash flows\), while the amount related to other factors is recognized in other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (comprehensive income. ) Tj ET Q q 0 0 0 rg BT 146.79 514.10 Td (The total other) Tj ET Q q 0 0 0 rg BT 205.45 514.10 Td (-than-temporary impairment loss is presented in the statement of income, less the portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (recognized in other comprehensive income. ) Tj ET Q q 0 0 0 rg BT 226.47 502.10 Td (When a debt security becomes other) Tj ET Q q 0 0 0 rg BT 371.49 502.10 Td (-than-temporarily impaired, its amortized cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (basis is reduced to 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 49.50 466.10 Td (For marketable equity securities, the Bancorp considers the issuer) Tj ET Q q 0 0 0 rg BT 312.85 466.10 Td () Tj ET Q q 0 0 0 rg BT 315.63 466.10 Td (s financial condition, capital strength and near term prospects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (to determine whether an impairment is temporary or other) Tj ET Q q 0 0 0 rg BT 281.44 454.10 Td (-than-temporary) Tj ET Q q 0 0 0 rg BT 345.76 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 350.58 454.10 Td (The Bancorp also considers the volatility of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (security) Tj ET Q q 0 0 0 rg BT 83.93 442.10 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 49.50 430.10 Td (sheet date. If management determines that the impairment is other) Tj ET Q q 0 0 0 rg BT 313.65 430.10 Td (-than-temporary) Tj ET Q q 0 0 0 rg BT 377.97 430.10 Td (, the entire amount of the impairment as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 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 476.66 418.10 Td (The fair value of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 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 /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 73.68 376.10 Td (Accounting Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (The accounting for a loan depends on management) Tj ET Q q 0 0 0 rg BT 256.37 358.10 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 49.50 346.10 Td (date of acquisition. ) Tj ET Q q 0 0 0 rg BT 128.19 346.10 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 49.50 338.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 326.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 326.90 Td (Loans Held for Sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 308.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 308.90 Td (Loans at Fair ) Tj ET Q q 0 0 0 rg BT 140.18 308.90 Td (V) Tj ET Q q 0 0 0 rg BT 146.30 308.90 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 290.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 290.90 Td (Loans Receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 272.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 272.90 Td (Purchased loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 254.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.10 254.90 Td (Loans receivable covered under Loss Sharing ) Tj ET Q q 0 0 0 rg BT 269.48 254.90 Td (Agreements with the FDIC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.90 Td (The following provides a detailed discussion of the accounting for loans in these categories:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 200.90 Td (Loans Held for) Tj ET Q q 0 0 0 rg BT 137.77 200.90 Td ( Sale and Loans at Fair) Tj ET Q q 0 0 0 rg BT 236.77 200.90 Td ( ) Tj ET Q q 0 0 0 rg BT 239.09 200.90 Td (V) Tj ET Q q 0 0 0 rg BT 245.39 200.90 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.90 Td (Loans originated or acquired by the Bank with the intent to sell in the secondary market are carried either at the lower of cost or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 170.90 Td (fair value, determined in the aggregate, or at fair value, depending upon an election made at the time the loan is made. ) Tj ET Q q 0 0 0 rg BT 524.13 170.90 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 158.90 Td (loans are generally sold on a non-recourse basis with servicing released. Gains and losses on the sale of loans accounted for at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.90 Td (lower of cost or fair value are recognized in earnings based on the dif) Tj ET Q q 0 0 0 rg BT 326.71 146.90 Td (ference between the proceeds received and the carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.90 Td (amount of the loans, inclusive of deferred origination fees and costs, if any) Tj ET Q q 0 0 0 rg BT 348.21 134.90 Td (. ) Tj ET Q q 0 0 0 rg BT 352.65 134.90 Td (As a result of changes in events and circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.90 Td (or developments regarding management) Tj ET Q q 0 0 0 rg BT 213.05 122.90 Td (s view of the foreseeable future, loans not originated or acquired with the intent to sell ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.90 Td (may subsequently be designated as held for sale. ) Tj ET Q q 0 0 0 rg BT 246.21 110.90 Td (These loans are transferred to the held-for) Tj ET Q q 0 0 0 rg BT 413.71 110.90 Td (-sale portfolio at the lower of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 98.90 Td (amortized cost or fair value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.90 Td (Loans originated or acquired by the Bank with the intent to sell for which fair value accounting is elected are marked to fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.90 Td (value with any dif) Tj ET Q q 0 0 0 rg BT 121.80 62.90 Td (ference between the proceeds received and the carrying amount of the loan recognized in earnings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.39 62.90 Td (No) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.61 62.90 Td ( fees or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 50.90 Td (costs related to such loans are deferred, so they do not af) Tj ET Q q 0 0 0 rg BT 275.91 50.90 Td (fect the gain or loss calculation at the time of sale.) Tj ET Q endstream endobj 199 0 obj <>] /Rotate 0 /Contents 200 0 R>> endobj 200 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 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 49.50 730.10 Td (reported at fair value based on an election to account for the loans at fair value. Pursuant to these agreements, the Bank funds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (the pipelines for these mortgage lenders by sending payments directly to the closing agents for funded loans \(i.e., the purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (event\) and receives proceeds directly from third party investors when the loans are sold into the secondary market \(i.e, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (repurchase event\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 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 73.50 640.10 Td (Loans Receivable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 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 527.21 622.10 Td (f are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 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 49.50 598.10 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 49.50 586.10 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 49.50 574.10 Td (anticipating prepayments. ) Tj ET Q q 0 0 0 rg BT 155.12 574.10 Td (The Bank 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 49.50 550.10 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 507.94 550.10 Td (90 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.77 550.10 Td ( past ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 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 49.50 526.10 Td (performing.) Tj ET Q q 0 0 0 rg BT 98.93 526.10 Td (A) Tj ET Q q 0 0 0 rg BT 105.60 526.10 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 464.20 526.10 Td (When a loan is placed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (on non-accrual status, unpaid accrued interest credited to income is reversed. Interest received on non-accrual loans is applied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (against principal until all principal has been recovered.) Tj ET Q q 0 0 0 rg BT 271.18 502.10 Td (Thereafter) Tj ET Q q 0 0 0 rg BT 312.41 502.10 Td (, payments are recognized as interest income until all unpaid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (amounts have been received.Generally) Tj ET Q q 0 0 0 rg BT 206.28 490.10 Td (, loans are restored to accrual status when the obligation is brought current andhas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (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 331.34 478.10 Td (six months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.95 478.10 Td ( and the ultimate collectibility of the total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (contractual principal and interest is no longer in doubt.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.26 442.10 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 49.50 430.10 Td (surrendered \(settlement date\).Control over transferred assets is deemed to be surrendered when \(1\) the assets have been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (isolated from the Bank, \(2\) the transferee obtains the right \(free of conditions that constrain it from taking advantage of that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (right\) to pledge or exchange the transferred assets, and \(3\) the Bank does not maintain ef) Tj ET Q q 0 0 0 rg BT 404.20 406.10 Td (fective control over the transferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (assets through an agreement to repurchase them before their maturity) Tj ET Q q 0 0 0 rg BT 325.69 394.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 364.10 Td (Pur) Tj ET Q q 0 0 0 rg BT 89.43 364.10 Td (chased Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 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 49.50 334.10 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 49.50 322.10 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 49.50 310.10 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 511.78 310.10 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (310-20, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 82.83 298.10 Td (Nonr) Tj ET Q q 0 0 0 rg BT 103.02 298.10 Td (efundable Fees and Other Costs,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.39 298.10 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 49.50 286.10 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 525.71 286.10 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (310-30, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 82.83 274.10 Td (Loans and Debt Securities ) Tj ET Q q 0 0 0 rg BT 190.97 274.10 Td (Acquir) Tj ET Q q 0 0 0 rg BT 217.82 274.10 Td (ed with Deteriorated Cr) Tj ET Q q 0 0 0 rg BT 313.83 274.10 Td (edit Quality) Tj ET Q q 0 0 0 rg BT 360.77 274.10 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 85.5 242.76699218750002 m 379.54296875 242.76699218750002 l s q 0 0 0 rg BT 85.50 244.10 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 49.50 226.10 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 49.50 214.10 Td (acquisition accounting adjustments. Purchase premiums or discounts are subsequently amortized as an adjustment to yield over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (the estimated contractual lives of the loans. ) Tj ET Q q 0 0 0 rg BT 224.82 202.10 Td (There is no allowance for loan losses established at the acquisition date for acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (performing loans. ) Tj ET Q q 0 0 0 rg BT 125.04 190.10 Td (An allowance for loan losses is recorded for any credit deterioration in these loans 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 85.5 158.76699218750002 m 553.9375 158.76699218750002 l s q 0 0 0 rg BT 85.50 160.10 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 85.5 146.76699218750002 m 310.6953125 146.76699218750002 l s q 0 0 0 rg BT 85.50 148.10 Td (all contractually required payments will not be collected) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (For purchases of this type of loan, evidence of deteriorated credit quality may include past-due and non-accrual status, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (borrower 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 94.10 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 94.10 Td (ference and accretable yield. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 78.47 82.10 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 70.10 Td (acquisition is the nonaccretable dif) Tj ET Q q 0 0 0 rg BT 188.71 70.10 Td (ference, which 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 58.10 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 46.10 Td (regarding default rates, loss severities, and other factors that are reflective of current market conditions. Subsequent decreases ) Tj ET Q endstream endobj 201 0 obj <>] /Rotate 0 /Contents 202 0 R>> endobj 202 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (in expected cash flows will generally result in a provision for loan losses. Subsequent increases in expected cash flows result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (a reversal of the provision for loan losses to the extent of prior char) Tj ET Q q 0 0 0 rg BT 318.40 730.10 Td (ges, or a reclassification of the dif) Tj ET Q q 0 0 0 rg BT 454.00 730.10 Td (ference from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 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 478.38 718.10 Td (, any excess of cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 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 49.50 694.10 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 49.50 682.10 Td (flows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (Purchased-credit-impaired loans acquired in the same fiscal quarter may be aggregated into one or more pools, provided that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (the loans have common risk characteristics. ) Tj ET Q q 0 0 0 rg BT 225.83 646.10 Td (A) Tj ET Q q 0 0 0 rg BT 232.50 646.10 Td ( pool is then 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 49.50 634.10 Td (and an aggregate expectation of cash flows. On a quarterly basis, the Bank re-estimates the total cash flows \(both principal and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (interest\) expected to be collected over the remaining life of each pool. ) Tj ET Q q 0 0 0 rg BT 331.70 622.10 Td (These estimates incorporate assumptions regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (default rates, loss severities, the amounts and timing of prepayments and other factors that reflect then-current market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (conditions. If the timing and/or amounts of expected cash flows on purchased-credit-impaired loans were determined not to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (reasonably estimable, no interest would be accreted and the loans would be reported as non-accrual loans; however) Tj ET Q q 0 0 0 rg BT 509.76 586.10 Td (, when the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (timing and amounts of expected cash flows for purchased-credit-impaired loans are reasonably estimable, interest is being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (accreted and the loans are being reported as performing loans.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 73.50 532.10 Td (Loans Receivable Cover) Tj ET Q q 0 0 0 rg BT 176.63 532.10 Td (ed Under) Tj ET Q q 0 0 0 rg BT 216.18 532.10 Td ( Loss Sharing ) Tj ET Q q 0 0 0 rg BT 276.48 532.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 292.96 532.10 Td (eements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (Loans acquired in the FDIC assisted transactions in 2010 from USA) Tj ET Q q 0 0 0 rg BT 321.68 514.10 Td ( Bank and ISN Bank are subject to loss sharing agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (with the FDIC and are referred to as covered loans. ) Tj ET Q q 0 0 0 rg BT 265.62 502.10 Td (The period to submit losses under the FDIC loss sharing arrangements for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (non-single family loans expired in third quarter 2015. ) Tj ET Q q 0 0 0 rg BT 266.21 490.10 Td (The period to submit losses under the FDIC loss sharing arrangements for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (single family loans expires in third quarter 2017. ) Tj ET Q q 0 0 0 rg BT 246.78 478.10 Td (The final maturity of the FDIC loss sharing arrangements occurs in third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (quarter 2020. Outstanding balances for covered loans were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.47 466.10 Td ($13.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.36 466.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.80 466.10 Td ($42.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.69 466.10 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.85 466.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.43 466.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.87 466.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.87 466.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 454.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 424.10 Td (Allowance for) Tj ET Q q 0 0 0 rg BT 109.03 424.10 Td ( Loan Losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (The allowance for loan losses is established as losses are estimated to have occurred through provisions for loan losses. Loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (deemed to be uncollectible are char) Tj ET Q q 0 0 0 rg BT 191.19 394.10 Td (ged against the allowance for loan losses, and subsequent recoveries, if any) Tj ET Q q 0 0 0 rg BT 491.83 394.10 Td (, are credited to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (the allowance for loan losses. ) Tj ET Q q 0 0 0 rg BT 169.84 382.10 Td (The allowance for loan losses is maintained at a level considered appropriate to absorb probable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (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 49.50 346.10 Td (The Bank disaggregates 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 49.50 334.10 Td (allowance for loan losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (The Bank) Tj ET Q q 0 0 0 rg BT 91.43 310.10 Td (s loan groups include multi-family) Tj ET Q q 0 0 0 rg BT 229.09 310.10 Td (, commercial and industrial, commercial real estate, construction, residential real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (estate, manufactured housing, consumer) Tj ET Q q 0 0 0 rg BT 209.88 298.10 Td (, and PCI loans. ) Tj ET Q q 0 0 0 rg BT 275.81 298.10 Td (The Bank further disaggregates its residential real estate portfolio into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (two classes based upon certain risk characteristics; first mortgage loans and home equity loans and lines of credit.) Tj ET Q q 0 0 0 rg BT 506.68 286.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (remaining loan groups are also considered classes for purposes of monitoring and assessing credit quality based on certain risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (characteristics. ) Tj ET Q q 0 0 0 rg BT 111.14 262.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 161.04 262.10 Td (, within each loan group the acquired loans that are accounted for under ) Tj ET Q q 0 0 0 rg BT 449.82 262.10 Td (ASC 310-10 are further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (segregated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 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 49.50 214.10 Td (include residual non-specific reserve amounts. ) Tj ET Q q 0 0 0 rg BT 237.59 214.10 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 49.50 202.10 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 49.50 190.10 Td (the allowance for loan losses, which is based on the Bank) Tj ET Q q 0 0 0 rg BT 282.50 190.10 Td (s 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 49.50 178.10 Td (adverse situations that may af) Tj ET Q q 0 0 0 rg BT 168.17 178.10 Td (fect the borrower) Tj ET Q q 0 0 0 rg BT 237.40 178.10 Td () Tj ET Q q 0 0 0 rg BT 240.17 178.10 Td (s ability to repay) Tj ET Q q 0 0 0 rg BT 306.45 178.10 Td (, the estimated value of any underlying collateral, composition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (of the loan portfolio, current economic conditions and other relevant factors. ) Tj ET Q q 0 0 0 rg BT 357.83 166.10 Td (This evaluation is inherently subjective as it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (requires material estimates that may be susceptible to significant revision as more information becomes available. ) Tj ET Q q 0 0 0 rg BT 506.95 154.10 Td (The Bank) Tj ET Q q 0 0 0 rg BT 548.88 154.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (current methodology for determining the allowance for loan losses is based on historical loss rates, peer and industry data, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (current economic conditions, risk ratings, specific allocations on loans identified as impaired, and other qualitative adjustments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (The impaired loan component of the allowance for loan losses relates to loans for which it is probable that the Bank will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (unable to collect all contractual principal and interest due. For such loans, an allowance is established when the \(i\)discounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (cash flows, \(ii\)collateral value, or \(iii\)the impaired loan 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 58.10 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 46.10 Td (considered impaired, as well as smaller balance homogeneous loans, such as residential real estate, home equity loans, home ) Tj ET Q endstream endobj 203 0 obj <>] /Rotate 0 /Contents 204 0 R>> endobj 204 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (equity lines of credit and other consumer loans. ) Tj ET Q q 0 0 0 rg BT 241.77 742.10 Td (These pools of loans are evaluated for loss exposure based upon loan risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (ratings and industry or Customers' historical loss rates for each of these groups of loans. ) Tj ET Q q 0 0 0 rg BT 405.96 730.10 Td (After determining the appropriate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (historical loss rate for each group of loans, management considers those current qualitative or environmental factors that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (likely to cause estimated credit losses as of the evaluation date to dif) Tj ET Q q 0 0 0 rg BT 323.12 706.10 Td (fer from the historical loss experience. ) Tj ET Q q 0 0 0 rg BT 481.77 706.10 Td (The overall ef) Tj ET Q q 0 0 0 rg BT 537.67 706.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (of these factors is recorded as an adjustment that, as appropriate, increases or decreases the historical loss rate applied to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (loan group. ) Tj ET Q q 0 0 0 rg BT 99.87 682.10 Td (The qualitative factors that management considers includes the following:) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 49.50 674.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 662.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 662.90 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 61.95 638.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 638.90 Td (V) Tj ET Q q 0 0 0 rg BT 85.88 638.90 Td (olume and severity of past due loans and classified loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 614.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 614.90 Td (Lending policies and procedures, including underwriting standards and historical-based loss/collection, char) Tj ET Q q 0 0 0 rg BT 512.43 614.90 Td (ge-of) Tj ET Q q 0 0 0 rg BT 533.34 614.90 Td (f, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 602.90 Td (recovery practices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 578.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 578.90 Td (Nature and volume of the portfolio including lending concentrations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 554.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.95 554.90 Td (Experience, ability) Tj ET Q q 0 0 0 rg BT 154.82 554.90 Td (, and depth of lending management and staf) Tj ET Q q 0 0 0 rg BT 329.59 554.90 Td (f.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 518.90 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 518.90 Td ( residual reserve may be maintained to cover uncertainties that could af) Tj ET Q q 0 0 0 rg BT 341.15 518.90 Td (fect management) Tj ET Q q 0 0 0 rg BT 412.50 518.90 Td (s estimate of probable losses. ) Tj ET Q q 0 0 0 rg BT 531.74 518.90 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 506.90 Td (residual reserve amount reflects the mar) Tj ET Q q 0 0 0 rg BT 209.52 506.90 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 49.50 494.90 Td (for estimating specific and general losses in the portfolio.) 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 49.5 469.5669921875 m 179.7490234375 469.5669921875 l s q 0 0 0 rg BT 49.50 470.90 Td (Commercial and industrial loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.75 470.90 Td ( 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 49.50 458.90 Td (determine the borrower) Tj ET Q q 0 0 0 rg BT 143.72 458.90 Td () Tj ET Q q 0 0 0 rg BT 146.50 458.90 Td (s ability to repay their 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 49.50 446.90 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 508.99 446.90 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 434.90 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 98.84 434.90 Td (, the repayment of a commercial and industrial loan depends primarily on the creditworthiness of the borrower \(and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 422.90 Td (any guarantors\), while liquidation of collateral is a secondary and often insuf) Tj ET Q q 0 0 0 rg BT 357.00 422.90 Td (ficient source of repayment.) 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 49.5 397.5669921875 m 124.7734375 397.5669921875 l s q 0 0 0 rg BT 49.50 398.90 Td (Construction loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.77 398.90 Td ( 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 49.50 386.90 Td (cost estimates, in addition to independent appraisal valuations. ) Tj ET Q q 0 0 0 rg BT 302.04 386.90 Td (These loans will rely on the value associated with the project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 374.90 Td (upon completion. ) Tj ET Q q 0 0 0 rg BT 121.81 374.90 Td (These cost and valuation amounts used are estimates and may be inaccurate. Construction loans generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 362.90 Td (involve the disbursement of substantial funds over a short period of time with repayment substantially dependent upon the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 350.90 Td (success of the completed project. Sources of repayment of these loans would be permanent financing upon completion or sales ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 338.90 Td (of developed property) Tj ET Q q 0 0 0 rg BT 137.15 338.90 Td (. ) Tj ET Q q 0 0 0 rg BT 141.97 338.90 Td (These loans are closely monitored by onsite 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 49.50 326.90 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 49.50 314.90 Td (financing, interest rate sensitivity) Tj ET Q q 0 0 0 rg BT 182.15 314.90 Td (, and governmental regulation of real property) Tj ET Q q 0 0 0 rg BT 366.15 314.90 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 49.5 289.5669921875 m 235.271484375 289.5669921875 l s q 0 0 0 rg BT 49.50 290.90 Td (Commercial real estate and multi-family loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.27 290.90 Td ( 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 49.50 278.90 Td (and industrial loans, in addition to those underwriting standards for real estate loans. ) Tj ET Q q 0 0 0 rg BT 389.52 278.90 Td (These loans are viewed primarily as cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.90 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 49.50 254.90 Td (successful operation of the property securing the loan or the principal business conducted on the property securing the loan. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.90 Td (addition, the underwriting considers the amount of the principal advanced relative to the property value. Commercial real ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.90 Td (estate and multi-family loans may be adversely af) Tj ET Q q 0 0 0 rg BT 248.42 230.90 Td (fected by conditions in the real estate markets or the economy in general. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 218.90 Td (Management monitors and evaluates commercial real estate and multi-family loans based on cash flow estimates, collateral and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 206.90 Td (risk-rating criteria. ) Tj ET Q q 0 0 0 rg BT 126.79 206.90 Td (The Bank also utilizes third-party experts to provide environmental and market valuations. Substantial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.90 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 194.90 Td (fort is required to underwrite, monitor and evaluate commercial real estate and multi-family 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 49.5 169.56699218749998 m 160.84765625 169.56699218749998 l s q 0 0 0 rg BT 49.50 170.90 Td (Residential real estateloans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.85 170.90 Td ( are secured by one to four dwelling units.) Tj ET Q q 0 0 0 rg BT 331.73 170.90 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 49.50 158.90 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 353.03 158.90 Td (80%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.36 158.90 Td ( or less.Home equity loans have additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.90 Td (risks as a result of typically being in a second position or lower in the event collateral is liquidated.) 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 49.5 121.56699218749998 m 163.3623046875 121.56699218749998 l s q 0 0 0 rg BT 49.50 122.90 Td (Manufactured housing loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.36 122.90 Td ( represent loans that are secured by the manufactured housing unit where the borrower may or may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.90 Td (not 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 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 85.56699218749998 m 137.25390625 85.56699218749998 l s q 0 0 0 rg BT 49.50 86.90 Td (Other consumer loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.25 86.90 Td ( consist of loans to individuals originated through the Bank) Tj ET Q q 0 0 0 rg BT 376.95 86.90 Td (s retail network and are typically unsecured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.90 Td (or secured by personal property) Tj ET Q q 0 0 0 rg BT 175.47 74.90 Td (.Consumer loans have a greater credit risk than residential loans because of the dif) Tj ET Q q 0 0 0 rg BT 507.12 74.90 Td (ference in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.90 Td (underlying collateral, if any) Tj ET Q q 0 0 0 rg BT 159.92 62.90 Td (.) Tj ET Q q 0 0 0 rg BT 164.74 62.90 Td (The application of various federal and state bankruptcy and insolvency laws may limit the amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 50.90 Td (that can be recovered on such loans.) Tj ET Q endstream endobj 205 0 obj <>] /Rotate 0 /Contents 206 0 R>> endobj 206 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 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 49.50 730.10 Td (reserves are established based on the expected net char) Tj ET Q q 0 0 0 rg BT 268.66 730.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 289.58 730.10 Td (fs, adjusted for qualitative factors. Loss rates are based on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (average net char) Tj ET Q q 0 0 0 rg BT 114.83 718.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 135.75 718.10 Td (f history) Tj ET Q q 0 0 0 rg BT 168.70 718.10 Td (, either industry or Customers, by loan group. Historical loss rates may be adjusted for significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (factors that, in management) Tj ET Q q 0 0 0 rg BT 163.35 706.10 Td (s judgment, are necessary to reflect losses inherent in the portfolio. Factors that management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (considers in the analysis include the ef) Tj ET Q q 0 0 0 rg BT 203.72 694.10 Td (fects of the national and local economies; trends in the nature and volume of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (delinquencies, char) Tj ET Q q 0 0 0 rg BT 126.51 682.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 147.42 682.10 Td (fs and non-accrual loans; changes in loan mix; changes in risk management and loan administration; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (and changes in internal lending policies, credit standards and collection practices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (Char) Tj ET Q q 0 0 0 rg BT 68.76 646.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 89.68 646.10 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 49.50 634.10 Td (management estimates that there are insuf) Tj ET Q q 0 0 0 rg BT 217.31 634.10 Td (ficient cash flows to repay the loan contractual obligation based upon financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (information available and valuation of the underlying collateral.) Tj ET Q q 0 0 0 rg BT 307.47 622.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 357.37 622.10 Td (, the Bank takes into account the strength of any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (guarantees and the ability of the borrower to provide value related to those guarantees in determining the ultimate char) Tj ET Q q 0 0 0 rg BT 523.59 610.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 544.51 610.10 Td (f or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (reserve associated with any impaired loans. ) Tj ET Q q 0 0 0 rg BT 225.28 598.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 274.61 598.10 Td (, the Bank may char) Tj ET Q q 0 0 0 rg BT 354.68 598.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 375.60 598.10 Td (f a loan to a value below the net appraised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (value if it believes that an expeditious liquidation is desirable in the circumstance and it has legitimate of) Tj ET Q q 0 0 0 rg BT 468.92 586.10 Td (fers or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (indications of interest to support a value that is less than the net appraised value. ) Tj ET Q q 0 0 0 rg BT 372.75 574.10 Td (Alternatively) Tj ET Q q 0 0 0 rg BT 424.86 574.10 Td (, the Bank may carry a loan at a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (value that is in excess of the appraised value certain circumstances, such as the Bank has a guarantee from a borrower that the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (Bank believes has realizable value. In evaluating the strength of any guarantee, the Bank evaluates the financial wherewithal of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (the guarantor) Tj ET Q q 0 0 0 rg BT 102.13 538.10 Td (, the guarantor) Tj ET Q q 0 0 0 rg BT 160.54 538.10 Td () Tj ET Q q 0 0 0 rg BT 163.31 538.10 Td (s reputation, and the guarantor) Tj ET Q q 0 0 0 rg BT 285.59 538.10 Td () Tj ET Q q 0 0 0 rg BT 288.37 538.10 Td (s willingness and desire to work with the Bank. ) Tj ET Q q 0 0 0 rg BT 480.38 538.10 Td (The Bank then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (conducts a review of the strength of a guarantee on a frequency established as the circumstances and conditions of the borrower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (warrant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (The Bank records char) Tj ET Q q 0 0 0 rg BT 140.11 490.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 161.03 490.10 Td (fs for residential real estate, consumer) Tj ET Q q 0 0 0 rg BT 312.79 490.10 Td (, and manufactured housing loans after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.79 490.10 Td (120 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.62 490.10 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (delinquency or sooner when cash flows are determined to be insuf) Tj ET Q q 0 0 0 rg BT 314.24 478.10 Td (ficient for repayment. ) Tj ET Q q 0 0 0 rg BT 403.46 478.10 Td (The Bank may also char) Tj ET Q q 0 0 0 rg BT 500.47 478.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 521.38 478.10 Td (f these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (loans below the net appraised valuation if the Bank holds a junior mortgage position in a piece of collateral whereby the risk to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (acquiring control of the property through the purchase of the senior mortgage position is deemed to potentially increase the risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (of loss upon liquidation due to the amount of time to ultimately market the property and the volatile market conditions. In such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (cases, the Bank may abandon its junior mortgage and char) Tj ET Q q 0 0 0 rg BT 282.58 430.10 Td (ge-of) Tj ET Q q 0 0 0 rg BT 303.50 430.10 Td (f the loan balance in full.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (Estimates of cash flows expected to be collected for purchased credit impaired loans are updated each reporting period. If the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (Bank estimates decreases in expected cash flows to be collected after acquisition, the Bank char) Tj ET Q q 0 0 0 rg BT 432.78 394.10 Td (ges the provision for loan losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (and establishes an allowance for loan losses.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 59.69 352.10 Td (edit Quality Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (Commercial and industrial, multi-family) Tj ET Q q 0 0 0 rg BT 211.04 334.10 Td (, commercial real estate, residential real estate and construction loans are each assigned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (a numerical rating of risk based on an internal risk rating system. ) Tj ET Q q 0 0 0 rg BT 314.25 322.10 Td (The risk rating indicates management's estimate of the credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (quality and the rating is assigned at loan origination and reviewed on a periodic or as needed basis. Consumer and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (manufactured housing loans are evaluated based on the payment activity of the loan. Risk ratings are not established for home ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (equity loans, consumer loans, manufactured housing loans, and installment loans, mainly because these portfolios consist of a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (lar) Tj ET Q q 0 0 0 rg BT 59.87 274.10 Td (ger number of homogeneous loans with smaller balances. Instead, these portfolios are evaluated for risk mainly based on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (aggregate payment history \(through the monitoring of delinquency levels and trends\). For additional information about credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (quality factor ratings refer to NOTE 8 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.55 250.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.11 250.10 Td (LOANS RECEIV) Tj ET Q q 0 0 0 rg BT 291.77 250.10 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 319.82 250.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 343.44 250.10 Td (ALLOW) Tj ET Q q 0 0 0 rg BT 378.43 250.10 Td (ANCE FOR LOAN LOSSES.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (Impair) Tj ET Q q 0 0 0 rg BT 76.35 220.10 Td (ed Loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 202.10 Td ( loan is considered impaired when, based on current information and events, it is probable that the Bank will be unable to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (collect all amounts due according to the contractual terms of the loan agreement.Factors considered by management in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (determining impairment include payment status, collateral value and the probability of collecting scheduled principal and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (interest payments when due.Loans that experience insignificant payment delays and payment shortfalls generally are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (classified as impaired.Management determines the significance of payment delays and payment shortfalls on a case-by-case ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (basis, taking into consideration all of the circumstances surrounding the loan and the borrower) Tj ET Q q 0 0 0 rg BT 426.78 142.10 Td (, including the length of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (delay) Tj ET Q q 0 0 0 rg BT 70.51 130.10 Td (, the reasons for the delay) Tj ET Q q 0 0 0 rg BT 172.60 130.10 Td (, the borrower) Tj ET Q q 0 0 0 rg BT 229.33 130.10 Td () Tj ET Q q 0 0 0 rg BT 232.11 130.10 Td (s prior payment record and the amount of the shortfall in relation to the principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (and interest owed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (Impairment is measured on a loan by loan basis for commercial and construction loans by the present value of expected future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (cash flows discounted at the loan) Tj ET Q q 0 0 0 rg BT 184.74 82.10 Td (s ef) Tj ET Q q 0 0 0 rg BT 198.72 82.10 Td (fective interest rate, the loan) Tj ET Q q 0 0 0 rg BT 315.06 82.10 Td (s obtainable market price or the fair value of the collateral if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (the loan is collateral dependent. ) Tj ET Q q 0 0 0 rg BT 178.71 70.10 Td (Thefair value of the collateral is measured based on the value of the collateral securing the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (loans, less estimated costs to sell. Collateral may be in the form of real estate or business assets including equipment, inventory) Tj ET Q q 0 0 0 rg BT 557.90 58.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (and accounts receivable. ) Tj ET Q q 0 0 0 rg BT 149.82 46.10 Td (The vast majority of the Bank's collateral is real estate. ) Tj ET Q q 0 0 0 rg BT 371.64 46.10 Td (The value of real estate collateral is determined ) Tj ET Q endstream endobj 207 0 obj <>] /Rotate 0 /Contents 208 0 R>> endobj 208 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (utilizing an income or market valuation approach based on an appraisal conducted by an independent, licensed appraiser ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (outside of theBank using observable market data. ) Tj ET Q q 0 0 0 rg BT 251.77 730.10 Td (The value of business equipment is based upon an outside appraisal if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (deemed significant, or the net book value on the applicable business) Tj ET Q q 0 0 0 rg BT 324.51 718.10 Td ( financial statements if not considered significant using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (observable market data. Likewise, values for inventory and accounts receivable collateral are based on financial statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (balances or aging reports.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 664.10 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (Goodwill represents the excess of cost over the identifiable net assets of businesses acquired. Goodwill is recognized as an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (asset and is reviewed for impairment annually as of October 31 and between annual tests when events and circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (indicate that impairment may have occurred. Impairment is a condition that exists when the carrying amount of goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (exceeds its implied fair value. ) Tj ET Q q 0 0 0 rg BT 171.13 610.10 Td (A) Tj ET Q q 0 0 0 rg BT 177.80 610.10 Td ( qualitative factor test can be performed to determine whether it is necessary to perform the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (two-step quantitative goodwill impairment test. If the results of the qualitative review indicate that it is unlikely \(less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.33 598.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.66 598.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (probability\) that the carrying value of the reporting unit exceeds its fair value, no further evaluation needs to be performed. ) Tj ET Q q 0 0 0 rg BT 545.72 586.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (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 49.50 562.10 Td (conditions, examining indicators such as GDP) Tj ET Q q 0 0 0 rg BT 234.10 562.10 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 49.50 550.10 Td (own historical performance, expectations of future performance and other trends specific to the banking industry) Tj ET Q q 0 0 0 rg BT 499.52 550.10 Td (. Based on its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (qualitative assessment, Customers determined that there was no impairment on the goodwill balance. ) Tj ET Q q 0 0 0 rg BT 458.66 538.10 Td (There was $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.53 538.10 Td (3.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.42 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (of goodwill at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.10 526.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.69 526.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.13 526.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.13 526.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 496.10 Td (FHLB, Federal Reserve Bank, and other) Tj ET Q q 0 0 0 rg BT 222.36 496.10 Td ( r) Tj ET Q q 0 0 0 rg BT 229.12 496.10 Td (estricted stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (FHLB, Federal Reserve Bank, and other restricted stock represents required investment in the capital stock of the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (Home Loan Bank \(FHLB\), the Federal Reserve Bank and ) Tj ET Q q 0 0 0 rg BT 291.10 466.10 Td (Atlantic Central Bankers Bank and is carried at cost. ) Tj ET Q q 0 0 0 rg BT 506.13 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 511.54 466.10 Td (otal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (restricted stock as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.47 454.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.05 454.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.49 454.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.49 454.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.04 454.10 Td ($90.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.94 454.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.38 454.10 Td ($82.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.27 454.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 452.93 454.10 Td (, which included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 454.10 Td ($78.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 442.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.83 442.10 Td ($71.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.72 442.10 Td (, respectively of FHLB stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 412.10 Td ( Real Estate Owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 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 49.50 382.10 Td (sell at the date of foreclosure, establishing a new cost basis.) Tj ET Q q 0 0 0 rg BT 289.71 382.10 Td (After foreclosure, valuations are periodically performed by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (management and the real estate is carried at the lower of its carrying amount or fair value less estimated costs to sell. Revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (and expenses from operations and changes in the valuation allowance are included in earnings.Certain other real estate owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (that was acquired from USA) Tj ET Q q 0 0 0 rg BT 163.36 346.10 Td ( Bank and ISN Bank or through the foreclosure of loans of those banks is subject to loss sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (agreements with the FDIC. ) Tj ET Q q 0 0 0 rg BT 162.26 334.10 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.70 334.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.29 334.10 Td ( and 2014, other real estate owned subject to Loss Sharing ) Tj ET Q q 0 0 0 rg BT 500.23 334.10 Td (Agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (with the FDIC was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.83 322.10 Td ($0.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.72 322.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.16 322.10 Td ($9.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.05 322.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 297.71 322.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (FDIC Loss Sharing Receivable and Clawback Liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (The FDIC loss sharing receivable is measured separately from the related covered assets because it is not contractually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (embedded in the assets and is not transferable if the assets are sold. ) Tj ET Q q 0 0 0 rg BT 320.35 262.10 Td (The FDIC loss sharing receivable was initially recorded at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (fair value, based on the discounted value of expected future cash flows under the loss share agreements. ) Tj ET Q q 0 0 0 rg BT 467.22 250.10 Td (The dif) Tj ET Q q 0 0 0 rg BT 496.20 250.10 Td (ference between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (the present value and the undiscounted cash flows theBank expects to collect from the FDIC is accreted into interest income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (over the life of the FDIC loss sharing receivable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (The FDIC loss sharing receivable is reviewed quarterly and adjusted for changes in expected cash flows based on recent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (performance and expectations for future performance of the covered portfolio. ) Tj ET Q q 0 0 0 rg BT 365.01 190.10 Td (These adjustments are measured on the same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (basis as the related covered loans and covered other real estate owned. Increases in estimated cash flows on the covered assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (will reduce the FDIC loss sharing receivable and decreases in estimated cash flows on the covered assets will increase the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (FDIC loss sharing receivable. Increases to the FDIC loss sharing receivable resulting from reduced cash flow estimates on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (covered loans are recorded as a reduction to the provision for loan losses and decreases to the FDIC loss sharing receivable are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (recorded either as an increase to the provision for loan losses \(to the extent an increase in the FDIC receivable balance was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (previously recorded as a reduction to the provision for loan losses\) or recognized over the life of the loss share agreements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (Decreases in the valuations of covered other real estate owned are recorded net of the FDIC receivable balance resulting from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (the valuation allowance 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 49.50 70.10 Td (The FDIC loss sharing receivable balance will be reduced through a char) Tj ET Q q 0 0 0 rg BT 341.16 70.10 Td (ge to the provision for loan losses, with no of) Tj ET Q q 0 0 0 rg BT 522.06 70.10 Td (fsetting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (reduction to the allowance for loan losses, as the period to submit losses under the FDIC loss sharing agreements approaches ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (expiration and the estimated losses in the covered loans have not yet emer) Tj ET Q q 0 0 0 rg BT 345.33 46.10 Td (ged or been realized in a final disposition event. ) Tj ET Q q 0 0 0 rg BT 539.53 46.10 Td (The ) Tj ET Q endstream endobj 209 0 obj <>] /Rotate 0 /Contents 210 0 R>> endobj 210 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (period to submit losses under the FDIC loss sharing agreements for non-single family loans expired in third quarter 2015. ) Tj ET Q q 0 0 0 rg BT 538.12 742.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (period to submit losses under the FDIC loss sharing agreements for single family loans expires in third quarter 2017. ) Tj ET Q q 0 0 0 rg BT 518.68 730.10 Td (The final ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (maturity of the FDIC loss sharing agreements occurs in third quarter 2020.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (As part of the FDIC loss sharing agreements, the Bank also assumed a potential liability to be paid within 45 days subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (to the maturity or termination of the loss sharing agreements that is contingent upon actual losses incurred over the life of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (agreements relative to expected losses and the consideration paid upon acquisition of the failed institutions. Due to cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (received on the covered assets in excess of the original expectations of the FDIC, the Bank anticipates that it will be required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (pay the FDIC at the end of its loss sharing agreements. ) Tj ET Q q 0 0 0 rg BT 273.07 646.10 Td (As of December 31, 2015, a clawback liability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.73 646.10 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.62 646.10 Td ( has been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (recorded. ) Tj ET Q q 0 0 0 rg BT 89.29 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 94.71 634.10 Td (o the extent actual losses on the covered assets are less than estimated losses, the clawback liability will increase. ) Tj ET Q q 0 0 0 rg BT 549.66 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 555.07 634.10 Td (o ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (the extent actual losses on the covered assets are more than the estimated losses, the clawback liability will decrease. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (The Bank presents the FDIC loss sharing receivable balance, net of the estimated clawback liability on the consolidated balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 77.00 586.10 Td (As of December 31, 2015, the Bank expected to collect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.81 586.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.70 586.10 Td ( from the FDIC for estimated losses and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (reimbursement of external costs, such as legal fees, real estate taxes and appraisal expenses, and estimated the clawback ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (liability due to the FDIC in 2020 at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.82 562.10 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.71 562.10 Td (. ) Tj ET Q q 0 0 0 rg BT 246.53 562.10 Td (The net amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.62 562.10 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.51 562.10 Td ( is included in "Accrued interest payable and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (other liabilities" in the accompanying consolidated balance sheet.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 520.10 Td (Bank-Owned Life Insurance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (Bank-owned life insurance policies insure the lives of of) Tj ET Q q 0 0 0 rg BT 275.36 502.10 Td (ficers of the Bank, and name the Bank as beneficiary) Tj ET Q q 0 0 0 rg BT 486.30 502.10 Td (. Non-interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 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 453.88 490.10 Td ( underlying investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (made by the insurance company) Tj ET Q q 0 0 0 rg BT 177.69 478.10 Td (. ) Tj ET Q q 0 0 0 rg BT 182.51 478.10 Td (The Bank is capitalizing on the ability to partially of) Tj ET Q q 0 0 0 rg BT 392.00 478.10 Td (fset costs associated with employee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (compensation and benefit programs with the bank-owned life insurance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 436.10 Td (Bank Pr) Tj ET Q q 0 0 0 rg BT 85.16 436.10 Td (emises and Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (Bank premises and equipment are recorded at cost less accumulated depreciation. Depreciation is computed on the straight-line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (method over theestimated useful lives of the related assets. Leasehold improvements are amortized over the shorter of the term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (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 49.50 364.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.43 364.10 Td (r) Tj ET Q q 0 0 0 rg BT 59.69 364.10 Td (easury Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 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 49.50 316.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.48 316.10 Td (T) Tj ET Q q 0 0 0 rg BT 89.23 316.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (Customers accounts for income taxes under the liability method of accounting for income taxes.) Tj ET Q q 0 0 0 rg BT 436.16 298.10 Td (The income tax accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 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 49.50 274.10 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 49.50 262.10 Td (deductions over revenues.Customers determines deferred income taxes using the liability \(or balance sheet\) method.Under this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (method, the net deferred tax asset or liability is based on the tax ef) Tj ET Q q 0 0 0 rg BT 314.79 250.10 Td (fects of the dif) Tj ET Q q 0 0 0 rg BT 372.64 250.10 Td (ferences between the book and tax bases of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (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 496.00 238.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 214.10 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 49.50 202.10 Td (sustained upon examination.) Tj ET Q q 0 0 0 rg BT 165.96 202.10 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 419.78 202.10 Td (50 percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.71 202.10 Td (;the term upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (examination includes resolution of the related appeals or litigation process.) Tj ET Q q 0 0 0 rg BT 351.36 190.10 Td (A) Tj ET Q q 0 0 0 rg BT 358.03 190.10 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 49.50 178.10 Td (recognition threshold is initially and subsequently measured as the lar) Tj ET Q q 0 0 0 rg BT 328.42 178.10 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 525.57 178.10 Td (50 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.92 166.10 Td ( likelihood of being realized upon settlement with a taxing authority that has full knowledge of all relevant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (information.) Tj ET Q q 0 0 0 rg BT 101.53 154.10 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 49.50 142.10 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 499.07 142.10 Td (s judgment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 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 49.50 106.10 Td (some portion or all of the deferred tax assets will not be realized. ) Tj ET Q q 0 0 0 rg BT 311.45 106.10 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 94.10 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 94.10 Td (ferences become deductible. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 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 70.10 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 58.10 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 endstream endobj 211 0 obj <>] /Rotate 0 /Contents 212 0 R>> endobj 212 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 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 49.50 730.10 Td (these deferred tax assets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 700.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 69.88 700.10 Td (e-Based Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (Customers Bancorp has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.99 682.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.65 682.10 Td ( active share-based compensation plans. Share-based compensation accounting guidance requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (that the compensation cost relating to share-based-payment transactions be recognized in earnings.) Tj ET Q q 0 0 0 rg BT 446.68 670.10 Td (The cost is measured based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (on the grant-date fair value of the equity instruments issued. ) Tj ET Q q 0 0 0 rg BT 294.81 658.10 Td (The Black-Scholes model is used to estimate the fair value of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (stock options, while the market price of Customers Bancorp) Tj ET Q q 0 0 0 rg BT 292.50 646.10 Td (s common stock at the date of grant is used for restricted stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (awards.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (Compensation cost for all share-based awards is calculated and recognized over the employees) Tj ET Q q 0 0 0 rg BT 431.39 610.10 Td ( service period, generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 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 49.50 586.10 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 49.50 574.10 Td (Customers reverses previously recorded compensation expense upon forfeiture. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 550.10 Td (In 2014, the shareholders of the Bancorp approved an employee stock purchase plan. Because the purchase price under the plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.67 538.10 Td (85%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 538.10 Td ( of \(a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.60 538.10 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.93 538.10 Td ( discount to the market price\) the fair market value of a share of common stock on the first day of each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (quarterly subscription period, the plan is considered to be a compensatory plan under current accounting guidance. ) Tj ET Q q 0 0 0 rg BT 510.28 526.10 Td (Therefore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (the entire amount of the discount is recognizable compensation expense.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 484.10 Td (Derivative Instruments and Hedging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (ASC 815, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 91.45 466.10 Td (Derivatives and Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.99 466.10 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 49.50 454.10 Td (with the intent to provide users of financial statements with an enhanced understanding of: \(a\)how and why an entity uses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (derivative instruments, \(b\)how the entity accounts for derivative instruments and related hedged items, and \(c\)how derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (instruments and related hedged items af) Tj ET Q q 0 0 0 rg BT 208.44 430.10 Td (fect an entity) Tj ET Q q 0 0 0 rg BT 263.41 430.10 Td (s financial position, financial performance, and cash flows. Further) Tj ET Q q 0 0 0 rg BT 530.98 430.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (qualitative disclosures are required that explain the objectives and strategies for using derivatives, as well as quantitative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (disclosures about the fair value of and gains and losses on derivative instruments, and disclosures about credit-risk-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (contingent features in derivative instruments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td (As required by ) Tj ET Q q 0 0 0 rg BT 110.88 370.10 Td (ASC 815, Customers records all derivatives on the balance sheet at fair value.) Tj ET Q q 0 0 0 rg BT 424.77 370.10 Td (The accounting for changes in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (fair value of derivatives depends on the intended use of the derivative, whether Customers has elected to designate a derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (to apply hedge accounting. Derivatives designated and qualifying as a hedge of the exposure to changes in the fair value of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (asset, liability) Tj ET Q q 0 0 0 rg BT 104.40 322.10 Td (, or firm commitment attributable to a particular risk, such as interest rate risk, are considered fair value hedges. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (forecasted transactions, are considered cash flow hedges. Derivatives may also be designated as hedges of the foreign currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (exposure of a net investment in a foreign operation. Hedge accounting generally provides for the matching of the timing of gain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 262.10 Td (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 390.86 262.10 Td (fect of the hedged forecasted transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (in a cash flow hedge. Customers may enter into derivative contracts that are intended to economically hedge certain of its risks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (even though hedge accounting does not apply or Customers elects not to apply hedge accounting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 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 49.50 202.10 Td (accordance with the applicable accounting guidance. ) Tj ET Q q 0 0 0 rg BT 262.46 202.10 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 49.50 190.10 Td (recognized directly in earnings. In March 2014, Customers entered into a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.69 190.10 Td ($150.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.58 190.10 Td ( notional balance forward starting pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (fixed interest rate swap to hedge the variable cash flows associated with the forecasted issuance of debt. Customers documented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (and designated this swap as a cash flow hedge. ) Tj ET Q q 0 0 0 rg BT 239.27 166.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 264.90 166.10 Td (fective portion of changes in the fair value of financial derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (designated and qualifying as cash flow hedges is recorded in ) Tj ET Q q 0 0 0 rg BT 293.88 154.10 Td (Accumulated Other Comprehensive Income and is subsequently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (reclassified into earnings in the period that the hedged forecasted transaction af) Tj ET Q q 0 0 0 rg BT 366.14 142.10 Td (fects earnings. ) Tj ET Q q 0 0 0 rg BT 426.21 142.10 Td (The inef) Tj ET Q q 0 0 0 rg BT 459.63 142.10 Td (fective portion of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (change in fair value of the financial derivatives is recognized directly in earnings. ) Tj ET Q q 0 0 0 rg BT 377.70 130.10 Td (Amounts reported in accumulated other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (comprehensive income related to financial derivatives will be reclassified to interest expense as interest payments are made on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (Customers' variable-rate debt. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (Customers purchased credit derivatives with a current notional balance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.62 82.10 Td ($19.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.51 82.10 Td ( to hedge the performance risk of one of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (its counterparties during first quarter 2014. ) Tj ET Q q 0 0 0 rg BT 223.44 70.10 Td (These derivatives were not designated in hedge relationships for accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (purposes and are being recorded at their fair value, with fair value changes recorded directly in earnings. ) Tj ET Q endstream endobj 213 0 obj <>] /Rotate 0 /Contents 214 0 R>> endobj 214 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (In accordance with the F) Tj ET Q q 0 0 0 rg BT 147.61 742.10 Td (ASB) Tj ET Q q 0 0 0 rg BT 169.84 742.10 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 49.50 730.10 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 49.50 718.10 Td (portfolio. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 688.10 Td (Compr) Tj ET Q q 0 0 0 rg BT 79.87 688.10 Td (ehensive Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 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 49.50 658.10 Td (income 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 49.50 646.10 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 49.50 634.10 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 49.50 622.10 Td (relating to the Bancorp) Tj ET Q q 0 0 0 rg BT 144.19 622.10 Td (s investment in certain foreign equity securities. Other comprehensive income also includes the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 610.10 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 49.50 598.10 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 49.50 586.10 Td (forecasted transaction af) Tj ET Q q 0 0 0 rg BT 147.04 586.10 Td (fects earnings. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 556.10 Td (Earnings per) Tj ET Q q 0 0 0 rg BT 105.16 556.10 Td ( Shar) Tj ET Q q 0 0 0 rg BT 128.04 556.10 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (Basic earnings per share represents net income divided by the weighted-average number of common shares outstanding during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (the period.Diluted earnings per share includes all potentially dilutive common shares outstanding during the period.Potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (common shares that may be issued related to outstanding stock options, restricted stock units, and warrants are determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (using the treasury stock method.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (Segment Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (Customers has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.61 454.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.05 454.10 Td ( reportable segment, Community Banking.) Tj ET Q q 0 0 0 rg BT 306.40 454.10 Td (All of Customers' activities are interrelated, and each activity is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (dependent and assessed based on how each of the activities supports the others.For example, lending is dependent upon the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (ability of Customers to fund itself with deposits and borrowings while managing interest rate and credit risk.) Tj ET Q q 0 0 0 rg BT 485.53 430.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 534.87 430.10 Td (, all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (significant operating decisions are based upon analysis of Customers as one segment or unit.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (Recently Issued ) Tj ET Q q 0 0 0 rg BT 118.39 382.10 Td (Accounting Standards and Updates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (In February 2016, the F) Tj ET Q q 0 0 0 rg BT 143.46 358.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 192.37 358.10 Td (Accounting Standards Update \("ASU"\) No. 2016-02, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 407.72 358.10 Td (Leases.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.44 358.10 Td ( From the lessee's perspective, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (the new standard establishes a right-of-use \(ROU\) model that requires a lessee to record a ROU asset and a lease liability on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (classification af) Tj ET Q q 0 0 0 rg BT 112.35 322.10 Td (fecting the pattern of expense recognition in the income statement for a lessess. From the lessor's perspective, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (the new standard requires a lessor to classify leases as either sales-type, finance or operating. ) Tj ET Q q 0 0 0 rg BT 425.48 310.10 Td (A) Tj ET Q q 0 0 0 rg BT 432.15 310.10 Td ( lease will be treated as a sale if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (it transfers all of the risks and rewards, as well as control of the underlying asset, to the lessee. If risks and rewards are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (conveyed without the transfer of control, the lease is treated as a financing. If the lessor doesn) Tj ET Q q 0 0 0 rg BT 430.57 286.10 Td (t convey risks and rewards or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (control, an operating lease results. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (The new standard is ef) Tj ET Q q 0 0 0 rg BT 139.84 250.10 Td (fective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 75.05 238.10 Td (A) Tj ET Q q 0 0 0 rg BT 81.72 238.10 Td ( modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (into after) Tj ET Q q 0 0 0 rg BT 85.47 226.10 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 49.50 214.10 Td (expedients available. ) Tj ET Q q 0 0 0 rg BT 135.30 214.10 Td (A) Tj ET Q q 0 0 0 rg BT 141.97 214.10 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 49.50 202.10 Td (operating leases existing at, or entered into after) Tj ET Q q 0 0 0 rg BT 241.25 202.10 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 49.50 190.10 Td (statements, with certain practical expedients available. Customers is currently evaluating the impact of the pending adoption of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (the new standard on its consolidated financial statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (In January 2016, the F) Tj ET Q q 0 0 0 rg BT 138.46 154.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 187.37 154.10 Td (Accounting Standards Update \("ASU"\) No. 2016-01, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 402.72 154.10 Td (Financial Instruments - Overall.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.70 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 535.02 154.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (guidance in this ) Tj ET Q q 0 0 0 rg BT 114.77 142.10 Td (ASU among other things, \(1\) requires equity investments with certain exceptions, to be measured at fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (with changes in fair value recognized in net income, \(2\) simplifies the impairment assessment of equity investments without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (readily determinable fair values by requiring a qualitative assessment to identify impairment, \(3\) eliminates the requirement for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (public businesses entities to disclose the methods and significant assumptions used to estimate the fair value that is required to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (be disclosed for financial instruments measured at amortized cost on the balance sheet, \(4\) requires public business entities to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (use the exit price notion when measuring the fair value of financial instruments for disclosure purposes, \(5\) requires an entity to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (present separately in other comprehensive income the portion of the change in fair value of a liability resulting from a change in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (value option for financial instruments, \(6\) requires separate presentation of financial assets and financial liabilities by ) Tj ET Q endstream endobj 215 0 obj <>] /Rotate 0 /Contents 216 0 R>> endobj 216 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (measurement category and form of financial asset on the balance sheet or the accompanying notes to the financial statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (and \(7\) clarifies that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available-for) Tj ET Q q 0 0 0 rg BT 557.68 730.10 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (sale securities. ) Tj ET Q q 0 0 0 rg BT 112.63 718.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 195.95 718.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 235.21 718.10 Td (fective for fiscal years beginning after December 15, 2017, including interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (periods within those fiscal years. Customers does not expect the adoption of this ) Tj ET Q q 0 0 0 rg BT 375.28 706.10 Td (ASU to have a significant impact on its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (financial condition or results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (In November 2015, the Financial ) Tj ET Q q 0 0 0 rg BT 183.91 670.10 Td (Accounting Standards Board \("F) Tj ET Q q 0 0 0 rg BT 314.18 670.10 Td (ASB"\) issued ) Tj ET Q q 0 0 0 rg BT 370.49 670.10 Td (Accounting Standards Update 2015-17, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 531.29 670.10 Td (Income ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 658.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.91 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 76.73 658.10 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 174.50 658.10 Td (ASU, which will align the presentation of deferred income tax assets and liabilities with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (International Financial Reporting Standards \(IFRS\), require that deferred tax liabilities and assets be classified as non-current in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (a classified statement of financial position. ) Tj ET Q q 0 0 0 rg BT 222.88 634.10 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 320.64 634.10 Td (ASU apply to all entities that present a classified statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (of financial position. ) Tj ET Q q 0 0 0 rg BT 134.86 622.10 Td (The current requirement that deferred tax liabilities and assets of a tax-paying component of an entity be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 610.10 Td (fset and presented as a single amount is not af) Tj ET Q q 0 0 0 rg BT 241.03 610.10 Td (fected by the amendments in this ) Tj ET Q q 0 0 0 rg BT 374.89 610.10 Td (ASU.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (For public business entities, the amendments in this ) Tj ET Q q 0 0 0 rg BT 258.09 586.10 Td (ASU are ef) Tj ET Q q 0 0 0 rg BT 302.89 586.10 Td (fective for financial statements issued for annual periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (beginning after December 15, 2016, and interim periods within those annual periods. Customers does not expect the adoption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (of this ) Tj ET Q q 0 0 0 rg BT 76.73 562.10 Td (ASU to have a significant impact on its financial condition or results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 538.10 Td (In September 2015, the F) Tj ET Q q 0 0 0 rg BT 150.13 538.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 199.03 538.10 Td (ASU 2015-16, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 259.87 538.10 Td (Simplifying the ) Tj ET Q q 0 0 0 rg BT 322.45 538.10 Td (Accounting for Measur) Tj ET Q q 0 0 0 rg BT 414.85 538.10 Td (ement-Period ) Tj ET Q q 0 0 0 rg BT 471.59 538.10 Td (Adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.48 538.10 Td (. ) Tj ET Q q 0 0 0 rg BT 525.30 538.10 Td (T) Tj ET Q q 0 0 0 rg BT 530.71 538.10 Td (o ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 526.10 Td (simplify the accounting for adjustments made to provisional amounts recognized in a business combination, the guidance in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 514.10 Td (this ) Tj ET Q q 0 0 0 rg BT 65.90 514.10 Td (ASU eliminates the requirement to retrospectively account for those adjustments and requires an entity to present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 502.10 Td (separately on the face of the income statement or disclose in the notes the portion of the amount recorded in current-period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 490.10 Td (earnings by line item that would have been recorded in previous reporting periods if the adjustment to the provisional amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 478.10 Td (had been recognized as of the acquisition date. ) Tj ET Q q 0 0 0 rg BT 238.41 478.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 321.73 478.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 360.99 478.10 Td (fective for fiscal years beginning after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (December15, 2015, including interim periods within those fiscal years and should be applied prospectively to adjustment to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (provisional amounts that occur after the ef) Tj ET Q q 0 0 0 rg BT 218.70 454.10 Td (fective date of this ) Tj ET Q q 0 0 0 rg BT 294.79 454.10 Td (ASU. ) Tj ET Q q 0 0 0 rg BT 319.61 454.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 402.38 454.10 Td (ASU did not have an impact on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (Customers' financial condition or results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 424.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.78 424.10 Td (April 2015 and ) Tj ET Q q 0 0 0 rg BT 122.27 424.10 Td (August 2015, the F) Tj ET Q q 0 0 0 rg BT 198.20 424.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 247.10 424.10 Td (ASU 2015-03, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 307.94 424.10 Td (Simplifying the Pr) Tj ET Q q 0 0 0 rg BT 380.33 424.10 Td (esentation of Debt Issuance Costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.38 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.76 424.10 Td (ASU) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 554.77 424.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td (2015-15, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 87.83 412.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 97.46 412.10 Td (esentation and Subsequent Measur) Tj ET Q q 0 0 0 rg BT 236.79 412.10 Td (ement of Debt Issuance Costs ) Tj ET Q q 0 0 0 rg BT 357.42 412.10 Td (Associated with Line-of-Cr) Tj ET Q q 0 0 0 rg BT 465.38 412.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 482.70 412.10 Td (Arrangements- ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (Amendments to SEC Paragraphs Pursuant to Staff ) Tj ET Q q 0 0 0 rg BT 254.04 400.10 Td (Announcement at June 18, 2015 EITF Meeting, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.49 400.10 Td (respectively) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 494.80 400.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.30 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.62 400.10 Td (The guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (in these ) Tj ET Q q 0 0 0 rg BT 82.27 388.10 Td (ASUs is intended to simplify presentation of debt issuance costs, and requires that debt issuance costs related to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of the debt liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (consistent with debt discounts and is applicable on a retrospective basis. ) Tj ET Q q 0 0 0 rg BT 342.86 364.10 Td (The guidance in these ) Tj ET Q q 0 0 0 rg BT 432.28 364.10 Td (ASUs is ef) Tj ET Q q 0 0 0 rg BT 475.43 364.10 Td (fective for interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (and annual periods beginning after December15, 2015. ) Tj ET Q q 0 0 0 rg BT 274.25 352.10 Td (The adoption of these ) Tj ET Q q 0 0 0 rg BT 363.11 352.10 Td (ASUs did not have a significant impact on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.10 Td (Customers' financial condition or results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td ( In February 2015, the F) Tj ET Q q 0 0 0 rg BT 145.96 322.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 194.87 322.10 Td (ASU 2015-02,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 253.20 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.52 322.10 Td (Amendments to the Consolidation ) Tj ET Q q 0 0 0 rg BT 393.11 322.10 Td (Analysis.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.50 322.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.81 322.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 515.13 322.10 Td (ASU is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (intended to amend the update, which changes the analysis that a reporting entity must perform to determine whether it should ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (consolidate certain types of legal entities. ) Tj ET Q q 0 0 0 rg BT 217.32 298.10 Td (The amendments in this ) Tj ET Q q 0 0 0 rg BT 315.08 298.10 Td (ASU af) Tj ET Q q 0 0 0 rg BT 345.17 298.10 Td (fect the following areas:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 280.10 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 280.10 Td (Limited partnerships and similar legal entities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 262.10 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 262.10 Td (Evaluating fees paid to a decision maker or a service provider as a variable interest.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 244.10 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 244.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 111.13 244.10 Td (fect of fee arrangements on the primary beneficiary determination.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 226.10 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 226.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 111.13 226.10 Td (fect of related parties on the primary beneficiary determination.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 208.10 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 208.10 Td (Certain investment funds.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 132.82 190.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 172.08 190.10 Td (fective for annual and interim periods beginning after December 15, 2015. ) Tj ET Q q 0 0 0 rg BT 472.07 190.10 Td (The adoption of this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (ASU did not have an impact on Customers' financial condition or results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.10 Td (In January 2015, the F) Tj ET Q q 0 0 0 rg BT 138.46 160.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 187.37 160.10 Td (ASU 2015-01,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 245.70 160.10 Td ( Income Statement - Extraor) Tj ET Q q 0 0 0 rg BT 358.63 160.10 Td (dinary and Unusual Items \(Subtopic 225-20\)) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 148.10 Td (Simplifying Income Statement Pr) Tj ET Q q 0 0 0 rg BT 181.04 148.10 Td (esentation by Eliminating the Concept of Extraor) Tj ET Q q 0 0 0 rg BT 377.86 148.10 Td (dinary Items.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.63 148.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.95 148.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 516.27 148.10 Td (ASU was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (issued as part of the F) Tj ET Q q 0 0 0 rg BT 136.24 136.10 Td (ASB's initiative to reduce complexity in accounting standards and eliminates from GAAP) Tj ET Q q 0 0 0 rg BT 495.10 136.10 Td ( the concept of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 124.10 Td (extraordinary items. ) Tj ET Q q 0 0 0 rg BT 132.35 124.10 Td (The guidance in this update is ef) Tj ET Q q 0 0 0 rg BT 262.13 124.10 Td (fective for fiscal years and interim periods within those fiscal years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 112.10 Td (beginning after December 15, 2015. ) Tj ET Q q 0 0 0 rg BT 196.21 112.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 278.98 112.10 Td (ASU did not have an impact on Customers' financial condition or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 100.10 Td (results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 76.10 Td (In November 2014, the F) Tj ET Q q 0 0 0 rg BT 149.57 76.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 198.47 76.10 Td (ASU 2014-16, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 259.31 76.10 Td (Derivatives and Hedging \(Subtopic 815-10\): Determining Whether the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 64.10 Td (Host contract in a Hybrid Financial Instrument in the Form of a Shar) Tj ET Q q 0 0 0 rg BT 328.55 64.10 Td (e is Mor) Tj ET Q q 0 0 0 rg BT 361.51 64.10 Td (e ) Tj ET Q q 0 0 0 rg BT 368.27 64.10 Td (Akin to Debt or to Equity) Tj ET Q q 0 0 0 rg BT 468.53 64.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.03 64.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.35 64.10 Td (The guidance in this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 52.10 Td (ASU requires entities that issue or invest in a hybrid financial instrument to separate an embedded derivative feature from a ) Tj ET Q endstream endobj 217 0 obj <>] /Rotate 0 /Contents 218 0 R>> endobj 218 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 49.50 742.10 Td (host contract and account for the feature as a derivative. In the case of derivatives embedded in a hybrid financial instrument ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (that is issued in the form of a share, that criterion requires evaluating whether the nature of the host contract is more akin to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (debt or to equity and whether the economic characteristics and risks of the embedded derivative feature are clearly and closely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (related to the host contract. If the host contract is akin to equity) Tj ET Q q 0 0 0 rg BT 301.83 706.10 Td (, then equity-like features \(for example, a conversion option\) are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (considered clearly and closely related to the host contract and, thus, would not be separated from the host contract. If the host ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (contract is akin to debt, then equity-like features are not considered clearly and closely related to the host contract. In the latter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (case, an entity may be required to separate the equity-like embedded derivative feature from the debt host contract if certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (other criteria in Subtopic 815-15 are met. Similarly) Tj ET Q q 0 0 0 rg BT 253.80 658.10 Td (, debt-like embedded derivative features may require separate accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (from an equity-like host contract. ) Tj ET Q q 0 0 0 rg BT 187.89 646.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 271.20 646.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 310.47 646.10 Td (fective for fiscal years, and interim periods within those fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (years, beginning after December 15, 2015. ) Tj ET Q q 0 0 0 rg BT 227.31 634.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 310.08 634.10 Td (ASU did not have an impact on Customers' financial condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (or results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 598.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.78 598.10 Td (August 2014, the F) Tj ET Q q 0 0 0 rg BT 135.71 598.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 184.61 598.10 Td (ASU 2014-14) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 240.44 598.10 Td (, Classification of Certain Government-Guaranteed Mortgage Loans upon ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 586.10 Td (For) Tj ET Q q 0 0 0 rg BT 64.13 586.10 Td (eclosur) Tj ET Q q 0 0 0 rg BT 93.20 586.10 Td (e. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.63 586.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 185.95 586.10 Td (ASU af) Tj ET Q q 0 0 0 rg BT 216.04 586.10 Td (fects creditors that hold government-guaranteed mortgage loans, including those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 574.10 Td (guaranteed by the FHA) Tj ET Q q 0 0 0 rg BT 142.53 574.10 Td ( and the ) Tj ET Q q 0 0 0 rg BT 176.51 574.10 Td (V) Tj ET Q q 0 0 0 rg BT 182.44 574.10 Td (A. It requires that a mortgage loan be derecognized and a separate other receivable be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 562.10 Td (recognized upon foreclosure if the following conditions are met:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 538.10 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 538.10 Td (The loan has a government guarantee that is not separable from the loan before foreclosure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 526.10 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 526.10 Td (At the time of foreclosure, the creditor has the intent to convey the real estate property to the guarantor and make a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 514.10 Td (claim on the guarantee, and the creditor has the ability to recover under that claim.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 502.10 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 502.10 Td (At the time of foreclosure, any amount of the claim that is determined on the basis of the fair value of the real estate is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 490.10 Td (fixed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 466.10 Td (Upon foreclosure, the separate other receivable should be measured based on the amount of the loan balance \(principal and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 454.10 Td (interest\) expected to be recovered from the guarantor) Tj ET Q q 0 0 0 rg BT 261.35 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 266.17 454.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 349.48 454.10 Td (ASU was ef) Tj ET Q q 0 0 0 rg BT 397.63 454.10 Td (fective for public business entities for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 442.10 Td (annual periods, and interim periods within those annual periods, beginning after December 15, 2014. ) Tj ET Q q 0 0 0 rg BT 455.33 442.10 Td (The guidance may be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 430.10 Td (applied using a prospective transition method in which a reporting entity applies the guidance to foreclosures that occur after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 418.10 Td (the date of adoption, or a modified retrospective transition using a cumulative-ef) Tj ET Q q 0 0 0 rg BT 371.44 418.10 Td (fect adjustment \(through a reclassification to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 406.10 Td (separate other receivable\) as of the beginning of the annual period of adoption. Prior periods should not be adjusted. ) Tj ET Q q 0 0 0 rg BT 515.75 406.10 Td (A) Tj ET Q q 0 0 0 rg BT 522.42 406.10 Td ( reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 394.10 Td (entity must apply the same method of transition as elected under ) Tj ET Q q 0 0 0 rg BT 309.16 394.10 Td (ASU 2014-04. ) Tj ET Q q 0 0 0 rg BT 369.81 394.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 452.58 394.10 Td (ASU did not have a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 382.10 Td (significant impact on Customers' financial condition or results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 370.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 358.10 Td (In ) Tj ET Q q 0 0 0 rg BT 59.78 358.10 Td (August 2014, the F) Tj ET Q q 0 0 0 rg BT 135.71 358.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 184.61 358.10 Td (ASU 2014-13) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 240.44 358.10 Td (, Consolidation \(T) Tj ET Q q 0 0 0 rg BT 312.59 358.10 Td (opic 810\): Measuring the Financial ) Tj ET Q q 0 0 0 rg BT 458.22 358.10 Td (Assets and the Financial ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 346.10 Td (Liabilities of a Consolidated Collateralized Financing Entity) Tj ET Q q 0 0 0 rg BT 292.83 346.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.83 346.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 381.15 346.10 Td (ASU applies to a reporting entity that is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 334.10 Td (required to consolidate a collateralized financing entity under the ) Tj ET Q q 0 0 0 rg BT 312.27 334.10 Td (V) Tj ET Q q 0 0 0 rg BT 318.38 334.10 Td (ariable Interest Entities guidance when: \() Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 482.48 334.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.48 334.10 Td (\) the reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 322.10 Td (entity measures all of the financial assets and the financial liabilities of that consolidated collateralized financing entity at fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 310.10 Td (value in the consolidated financial statements based on other Codification ) Tj ET Q q 0 0 0 rg BT 347.01 310.10 Td (T) Tj ET Q q 0 0 0 rg BT 352.42 310.10 Td (opics; and \() Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 399.08 310.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.08 310.10 Td (\) the changes in the fair values of those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (financial assets and financial liabilities are reflected in earnings. ) Tj ET Q q 0 0 0 rg BT 308.10 298.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 391.41 298.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 430.68 298.10 Td (fective for public business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 286.10 Td (entities for annual periods, and interim periods within those annual periods, beginning after December 15, 2015. ) Tj ET Q q 0 0 0 rg BT 500.87 286.10 Td (The adoption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 274.10 Td (of this ) Tj ET Q q 0 0 0 rg BT 76.73 274.10 Td (ASU did not have an impact on Customers' financial condition or results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 250.10 Td (In June 2014, 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 2014-12, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 235.43 250.10 Td (Compensation-Stock Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.47 250.10 Td (.) Tj ET Q q 0 0 0 rg BT 383.29 250.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 466.61 250.10 Td (ASU requires that a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (performance tar) Tj ET Q q 0 0 0 rg BT 112.89 238.10 Td (get that af) Tj ET Q q 0 0 0 rg BT 152.69 238.10 Td (fects vesting and that could be achieved after the requisite service period is treated as a performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 226.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 91.72 226.10 Td (As such, the performance tar) Tj ET Q q 0 0 0 rg BT 206.77 226.10 Td (get should not be reflected in estimating the grant-date fair value of the award. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (Compensation cost should be recognized in the period in which it becomes probable that the performance tar) Tj ET Q q 0 0 0 rg BT 484.74 214.10 Td (get will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (achieved and should represent the compensation cost attributable to the period\(s\) for which the requisite has already been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (rendered. If the performance tar) Tj ET Q q 0 0 0 rg BT 176.74 190.10 Td (get becomes probable of being achieved before the end of the requisite period, the remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (unrecognized cost should be recognized prospectively over the remaining requisite service period. ) Tj ET Q q 0 0 0 rg BT 444.46 178.10 Td (The total amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (compensation cost recognized during and after the requisite service period should reflect the number of awards that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.10 Td (expected to vest and should be adjusted to reflect those awards that ultimately vest. ) Tj ET Q q 0 0 0 rg BT 384.50 154.10 Td (The requisite service period ends when the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.10 Td (employee can cease rendering service and still be eligible to vest in the award if the performance tar) Tj ET Q q 0 0 0 rg BT 449.42 142.10 Td (get is achieved. ) Tj ET Q q 0 0 0 rg BT 513.29 142.10 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (indicated in the definition of vest, the stated vesting period \(which includes the period in which the performance tar) Tj ET Q q 0 0 0 rg BT 511.12 130.10 Td (get could be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (achieved\) may dif) Tj ET Q q 0 0 0 rg BT 121.51 118.10 Td (fer from the requisite service period. ) Tj ET Q q 0 0 0 rg BT 269.88 118.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 353.19 118.10 Td (ASU is ef) Tj ET Q q 0 0 0 rg BT 392.45 118.10 Td (fective for annual and interim periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (beginning after December15, 2015. ) Tj ET Q q 0 0 0 rg BT 196.21 106.10 Td (The adoption of this ) Tj ET Q q 0 0 0 rg BT 278.98 106.10 Td (ASU did not have an impact on Customers' financial condition or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (results of operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (In May 2014, the F) Tj ET Q q 0 0 0 rg BT 125.70 70.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 174.60 70.10 Td (ASU 2014-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 235.43 70.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 278.09 70.10 Td (om Contracts with Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.27 70.10 Td (. ) Tj ET Q q 0 0 0 rg BT 404.59 70.10 Td (This ) Tj ET Q q 0 0 0 rg BT 424.32 70.10 Td (ASU establishes a comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (revenue recognition standard for virtually all industries following U.S. GAAP) Tj ET Q q 0 0 0 rg BT 360.28 58.10 Td (, including those that previously followed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 46.10 Td (industry-specific guidance such as the real estate and construction industries.) Tj ET Q q 0 0 0 rg BT 359.50 46.10 Td (The revenue standard) Tj ET Q q 0 0 0 rg BT 448.35 46.10 Td (s core principal is built on ) Tj ET Q endstream endobj 219 0 obj <>] /Rotate 0 /Contents 220 0 R>> endobj 220 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (108) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 742.10 Td (the contract between a vendor and a customer for the provision of goods and services. It attempts to depict the exchange of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 730.10 Td (rights and obligations between the parties in the pattern of revenue recognition based on the consideration to which the vendor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 718.10 Td (is entitled. ) Tj ET Q q 0 0 0 rg BT 93.48 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 98.89 718.10 Td (o accomplish this, the standard requires five basic steps: \(i\) identify the contract with the customer) Tj ET Q q 0 0 0 rg BT 492.26 718.10 Td (, \(ii\) identify the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 706.10 Td (performance obligations in the contract, \(iii\) identify the transaction price, \(iv\) allocate the transaction price to the performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 694.10 Td (obligations in the contract, and \(v\) recognize revenue when \(or as\) the entity satisfies the performance obligation. ) Tj ET Q q 0 0 0 rg BT 505.54 694.10 Td (Three basic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 682.10 Td (transition methods are available - full retrospective, retrospective with certain practical expedients, and a cumulative ef) Tj ET Q q 0 0 0 rg BT 525.51 682.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 670.10 Td (approach. Under the cumulative ef) Tj ET Q q 0 0 0 rg BT 187.87 670.10 Td (fect alternative, an entity would apply the new revenue standard only to contracts that are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 658.10 Td (incomplete under legacy U.S. GAAP) Tj ET Q q 0 0 0 rg BT 197.43 658.10 Td ( at the date of initial application and recognize the cumulative ef) Tj ET Q q 0 0 0 rg BT 454.64 658.10 Td (fect of the new standard as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 646.10 Td (an adjustment to the opening balance of retained earnings. In ) Tj ET Q q 0 0 0 rg BT 295.25 646.10 Td (August 2015, the F) Tj ET Q q 0 0 0 rg BT 371.18 646.10 Td (ASB issued ) Tj ET Q q 0 0 0 rg BT 420.08 646.10 Td (ASU 2015-14, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 480.92 646.10 Td (Revenue fr) Tj ET Q q 0 0 0 rg BT 523.58 646.10 Td (om) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.80 646.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 634.10 Td (Contracts with Customers \(T) Tj ET Q q 0 0 0 rg BT 164.43 634.10 Td (opic 606\): Deferral of the Effective Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.16 634.10 Td (. ) Tj ET Q q 0 0 0 rg BT 334.48 634.10 Td (The guidance in this ) Tj ET Q q 0 0 0 rg BT 417.79 634.10 Td (ASU is now ef) Tj ET Q q 0 0 0 rg BT 476.78 634.10 Td (fective for annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 622.10 Td (reporting periods beginning after December15, 2017, including interim reporting periods within that reporting period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 610.10 Td (Customers does not expect this ) Tj ET Q q 0 0 0 rg BT 175.88 610.10 Td (ASU to have a significant impact on its financial condition or results of operations. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (NOTE 4 EARNINGS PER SHARE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (The following are the components and results of the Bancorp) Tj ET Q q 0 0 0 rg BT 297.43 538.10 Td (s earnings per share \("EPS"\) calculation for the periods presented. ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 460.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 460.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 460.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 460.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 460.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 460.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 430.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 430.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 430.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 430.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 430.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 430.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 400.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 400.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 400.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 400.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 400.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 400.60 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 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 424.5 501.6 m 428.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 501.6 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 493.5 501.6 m 497.5 501.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 501.6 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 359.5 488.6 m 424.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 488.6 m 562.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 488.6 m 493.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 488.6 m 497.5 488.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 461.6 m 424.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 459.6 m 424.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 461.6 m 493.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 459.6 m 493.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 461.6 m 562.5 461.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 459.6 m 562.5 459.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 415.6 m 424.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 415.6 m 493.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 415.6 m 562.5 415.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 401.6 m 424.5 401.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 399.6 m 424.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 401.6 m 493.5 401.6 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 497.5 401.6 m 562.5 401.6 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 359.5 399.6 m 424.5 399.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 401.6 m 424.5 401.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.50 518.83 Td (For the Years Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 505.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 505.83 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 492.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 492.83 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 492.85 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 492.85 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 479.85 Td (\(amounts in thousands, except share and per share data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 466.17 Td (Net income available to common shareholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 465.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 465.28 Td (56,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 465.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 465.27 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 465.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 465.27 Td (32,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 451.17 Td (Weighted-average number of common shares outstanding basic) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.60 450.28 Td (26,844,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 450.27 Td (26,719,626) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 450.27 Td (24,485,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 436.17 Td (Share-based compensation plans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 380.65 435.28 Td (1,516,297) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 435.27 Td (968,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 435.27 Td (464,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 421.17 Td (Warrants) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 420.28 Td (324,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 420.27 Td (250,707) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 420.27 Td (198,520) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 406.17 Td (Weighted-average number of common shares diluted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.60 405.28 Td (28,684,939) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 405.27 Td (27,939,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.60 405.27 Td (25,147,652) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 391.17 Td (Basic earnings per share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 390.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.15 390.28 Td (2.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 390.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 390.27 Td (1.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 390.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 390.27 Td (1.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 376.17 Td (Diluted earnings per share) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 403.15 375.28 Td (1.96) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 375.27 Td (1.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 375.27 Td (1.30) 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 (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 50.00 335.10 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 50.50 270.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 270.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 270.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 270.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 270.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 270.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 240.60 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 240.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 240.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 240.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 240.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 240.60 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 359.5 298.6 m 424.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 298.6 m 428.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 298.6 m 493.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 298.6 m 497.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 298.6 m 562.5 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 285.6 m 424.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 285.6 m 493.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 285.6 m 562.5 285.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 240.60000000000002 m 424.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 240.60000000000002 m 493.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 240.60000000000002 m 562.5 240.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 226.60000000000002 m 424.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 224.60000000000002 m 424.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 226.60000000000002 m 493.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 224.60000000000002 m 493.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 226.60000000000002 m 562.5 226.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 224.60000000000002 m 562.5 224.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.50 315.83 Td (For the Years Ended) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 302.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 302.83 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 289.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 289.83 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 289.85 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 289.85 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 276.17 Td (Anti-dilutive securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 261.17 Td (Share-based compensation awards) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 260.28 Td (606,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 260.27 Td (135,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 260.27 Td (819,539) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 246.17 Td (Warrants) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 245.28 Td (52,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 245.27 Td (118,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 245.27 Td (118,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 231.17 Td (Total anti-dilutive securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 388.15 230.28 Td (658,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 230.27 Td (254,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 230.27 Td (938,284) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 221 0 obj <>] /Rotate 0 /Contents 222 0 R>> endobj 222 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (109) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (NOTE 5 - 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 ( \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (The following tables present 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, 2015) 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 (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 694.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 596.60 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 596.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 596.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 596.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 596.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 596.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 596.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 596.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 596.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 596.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 596.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 566.60 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 566.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 566.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 566.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 566.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 566.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 566.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 566.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 566.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 566.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 566.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 536.60 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 536.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 536.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 536.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 536.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 536.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 536.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 536.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 506.60 219.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 506.60 5.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 506.60 56.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 506.60 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 506.60 45.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 506.60 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 506.60 58.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 506.60 4.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 506.60 60.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 506.60 5.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 506.60 52.00 -26.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 465.60 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 465.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 465.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 465.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 465.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 465.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 465.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 465.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 435.60 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 435.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 435.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 435.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 435.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 435.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 435.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 435.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 405.60 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 405.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 405.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 405.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 405.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 405.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 405.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 405.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 405.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 405.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 405.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 360.60 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 268.50 360.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 360.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 329.50 360.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 360.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 360.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 360.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 440.50 360.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 360.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 360.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 360.60 52.00 -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 273.5 656.6 m 329.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 329.5 656.6 m 333.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 656.6 m 378.5 656.6 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 382.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 656.6 m 440.5 656.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 596.6 m 329.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 596.6 m 378.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 596.6 m 382.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 596.6 m 440.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 596.6 m 444.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 596.6 m 504.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 596.6 m 561.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 596.6 m 329.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 596.6 m 378.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 596.6 m 382.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 596.6 m 440.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 596.6 m 444.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 596.6 m 504.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 596.6 m 561.5 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 506.6 m 329.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 480.6 m 329.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 506.6 m 378.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 480.6 m 378.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 506.6 m 382.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 480.6 m 382.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 506.6 m 440.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 480.6 m 440.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 506.6 m 444.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 480.6 m 444.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 506.6 m 504.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 480.6 m 504.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 506.6 m 561.5 506.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 480.6 m 561.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 480.6 m 329.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 480.6 m 378.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 480.6 m 382.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 480.6 m 440.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 480.6 m 444.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 480.6 m 504.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 480.6 m 561.5 480.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 390.6 m 329.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 360.6 m 329.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 390.6 m 378.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 360.6 m 378.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 390.6 m 382.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 360.6 m 382.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 390.6 m 440.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 360.6 m 440.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 390.6 m 444.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 360.6 m 444.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 390.6 m 504.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 360.6 m 504.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 390.6 m 561.5 390.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 360.6 m 561.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 360.6 m 329.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 346.6 m 329.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 344.6 m 329.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 360.6 m 378.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 346.6 m 378.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 344.6 m 378.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 360.6 m 382.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 346.6 m 382.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 344.6 m 382.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 360.6 m 440.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 346.6 m 440.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 344.6 m 440.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 360.6 m 444.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 346.6 m 444.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 440.5 344.6 m 444.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 360.6 m 504.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 346.6 m 504.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 444.5 344.6 m 504.5 344.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 360.6 m 561.5 360.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 346.6 m 561.5 346.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 344.6 m 561.5 344.6 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 302.85 661.05 Td (Available-for-sale Securities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 401.15 646.05 Td (Total) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 280.05 631.05 Td (Unrealized) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 340.55 631.05 Td (Foreign) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 390.05 631.05 Td (Unrealized) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 453.05 631.05 Td (Unrealized) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 289.70 616.05 Td (Gains) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 337.05 616.05 Td (Currency) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 399.70 616.05 Td (Gains) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 448.45 616.05 Td (Loss on Cash) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 600.85 Td (\(amounts in thousands\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 279.10 601.05 Td (\(Losses\) \(2\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.75 601.05 Td (Items) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 395.50 601.05 Td (\(Losses\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 451.10 601.05 Td (Flow Hedge) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 525.15 601.05 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 586.28 Td (Balance, January 1, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 586.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.80 586.32 Td (\(8,118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 586.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 586.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 586.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 586.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 586.32 Td (\(8,118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 586.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 586.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 586.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 586.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 586.32 Td (\(8,118) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 586.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 571.27 Td (Current period:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 556.27 Td ( Other comprehensive income \(loss\) before) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 541.27 Td ( reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.15 541.27 Td (11,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 541.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 541.27 Td (11,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 541.32 Td (\(1,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 541.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 541.27 Td (10,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 526.27 Td ( Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 511.27 Td ( comprehensive income to net income \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.80 511.32 Td (\(2,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 511.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 511.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 511.32 Td (\(2,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 511.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 511.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 511.32 Td (\(2,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 511.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 495.27 Td (Net current-period other comprehensive income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 485.27 Td (\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 485.27 Td (9,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 485.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 485.27 Td (9,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 485.32 Td (\(1,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 485.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 485.27 Td (7,996) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 470.28 Td (Balance, December) Tj ET Q q 0 0 0 rg BT 134.01 470.28 Td ( 31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 470.27 Td (1,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 470.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 470.27 Td (1,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 470.32 Td (\(1,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 470.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 470.32 Td (\(122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 470.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 455.27 Td (Current period:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 440.27 Td ( Other comprehensive income \(loss\) before) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 425.27 Td ( reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.80 425.32 Td (\(5,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 425.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 425.32 Td (\(584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 425.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 425.32 Td (\(6,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 425.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 425.32 Td (\(1,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 425.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 425.32 Td (\(7,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 425.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 410.27 Td ( Amounts reclassified from accumulated other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 395.27 Td ( comprehensive income to net income \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.65 395.27 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 395.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 395.27 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.65 395.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 395.27 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 375.27 Td ( Net current-period other comprehensive income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 365.27 Td (\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.80 365.32 Td (\(5,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 365.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 365.32 Td (\(584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 365.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 365.32 Td (\(6,328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 365.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 365.32 Td (\(1,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 365.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 365.32 Td (\(7,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 365.27 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 350.28 Td (Balance, December) Tj ET Q q 0 0 0 rg BT 134.01 350.28 Td ( 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 350.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.80 350.32 Td (\(4,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 350.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 350.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.30 350.32 Td (\(584) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 350.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.00 350.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.80 350.32 Td (\(5,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 350.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.00 350.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.80 350.32 Td (\(2,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.65 350.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 350.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 350.32 Td (\(7,984) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 350.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 63.61 322.10 Td (All amounts are net of tax. ) Tj ET Q q 0 0 0 rg BT 172.19 322.10 Td (Amounts in parentheses indicate reductions to accumulated other comprehensive income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (\(2\) Includes immaterial gains or losses on foreign currency items for the year ended December 31, 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (\(3\) Reclassification amounts are reported as gain or loss on sale of investment securities on the Consolidated Statements of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (Income.) Tj ET Q endstream endobj 223 0 obj <>] /Rotate 0 /Contents 224 0 R>> endobj 224 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE 6 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 are summarized as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 652.75 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 652.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 652.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 652.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 652.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 652.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 652.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 652.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 623.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 623.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 623.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 623.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 623.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 623.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 623.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 623.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 593.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 593.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 593.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 593.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 593.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 593.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 593.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 593.75 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 290.5 694.75 m 355.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 694.75 m 359.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 694.75 m 424.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 694.75 m 428.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 694.75 m 493.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 694.75 m 497.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 694.75 m 562.5 694.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 665.75 m 355.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 665.75 m 424.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 665.75 m 493.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 665.75 m 562.5 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 593.75 m 355.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 593.75 m 424.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 593.75 m 493.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 593.75 m 562.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 593.75 m 355.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 579.75 m 355.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 577.75 m 355.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 593.75 m 424.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 579.75 m 424.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 577.75 m 424.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 593.75 m 493.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 579.75 m 493.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 577.75 m 493.5 577.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 593.75 m 562.5 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 579.75 m 562.5 579.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 577.75 m 562.5 577.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 699.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.75 698.98 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 670.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.25 677.98 Td (Amortized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.70 669.98 Td (Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.55 685.98 Td (Gr) Tj ET Q q 0 0 0 rg BT 391.18 685.98 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.90 677.98 Td (Unr) Tj ET Q q 0 0 0 rg BT 386.53 677.98 Td (ealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.45 669.98 Td (Gains) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.55 685.98 Td (Gr) Tj ET Q q 0 0 0 rg BT 460.18 685.98 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.90 677.98 Td (Unr) Tj ET Q q 0 0 0 rg BT 455.53 677.98 Td (ealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.35 669.98 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.65 669.98 Td (Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 657.00 Td (\(amounts in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 643.48 Td (Available for Sale:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 629.32 Td (Mortgage-backed securities \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 628.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 628.43 Td (506,111) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 628.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 628.43 Td (1,453) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 628.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.80 628.48 Td (\(6,590) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 628.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 628.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 628.43 Td (500,974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 614.32 Td (Corporate notes \(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 613.43 Td (39,925) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.65 613.43 Td (320) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.30 613.48 Td (\(178) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 613.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 613.43 Td (40,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 599.32 Td (Equity securities \(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 598.43 Td (22,514) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 598.43 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.80 598.48 Td (\(3,302) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 598.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 598.43 Td (19,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 584.32 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 583.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 583.43 Td (568,550) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 583.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 583.43 Td (1,773) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 583.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.80 583.48 Td (\(10,070) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 583.43 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 583.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 583.43 Td (560,253) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 555.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 555.25 Td (Consists of mortgage-backed securities issued by government-sponsored agencies, including FHLMC, FNMA, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 543.25 Td (GNMA.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 531.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 531.25 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 48.95 519.25 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 519.25 Td (Consists primarily of equity securities issued by a foreign entity) Tj ET Q q 0 0 0 rg BT 335.59 519.25 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 441.75 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 441.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 441.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 441.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 441.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 441.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 441.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 441.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 412.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 412.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 412.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 412.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 412.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 412.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 412.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 412.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 382.75 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 382.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 382.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 382.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 382.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 382.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 382.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 382.75 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 290.5 483.75 m 355.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 483.75 m 359.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 483.75 m 424.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 483.75 m 428.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 483.75 m 493.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 483.75 m 497.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 483.75 m 562.5 483.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 454.75 m 355.5 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 454.75 m 424.5 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 454.75 m 493.5 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 454.75 m 562.5 454.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 382.75 m 355.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 382.75 m 424.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 382.75 m 493.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 382.75 m 562.5 382.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 368.75 m 355.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 366.75 m 355.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 368.75 m 424.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 366.75 m 424.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 368.75 m 493.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 366.75 m 493.5 366.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 368.75 m 562.5 368.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 366.75 m 562.5 366.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 488.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.75 487.98 Td (December 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 459.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.25 466.98 Td (Amortized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.70 458.98 Td (Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.55 474.98 Td (Gr) Tj ET Q q 0 0 0 rg BT 391.18 474.98 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.90 466.98 Td (Unr) Tj ET Q q 0 0 0 rg BT 386.53 466.98 Td (ealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.45 458.98 Td (Gains) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 450.55 474.98 Td (Gr) Tj ET Q q 0 0 0 rg BT 460.18 474.98 Td (oss) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.90 466.98 Td (Unr) Tj ET Q q 0 0 0 rg BT 455.53 466.98 Td (ealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.35 458.98 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.65 458.98 Td (Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 446.00 Td (\(amounts in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 432.48 Td (Available for Sale:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 418.32 Td (Mortgage-backed securities \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 417.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 417.42 Td (376,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 417.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 417.42 Td (2,805) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 417.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 417.47 Td (\(2,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 417.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 417.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 417.42 Td (377,311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 403.32 Td (Corporate notes \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 402.42 Td (15,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 402.42 Td (104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 402.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 402.42 Td (15,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 388.32 Td (Equity securities \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 387.42 Td (23,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 387.42 Td (1,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 387.47 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 387.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 387.42 Td (24,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 373.32 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 372.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 372.42 Td (414,928) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 372.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 372.42 Td (4,106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 372.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 372.47 Td (\(2,349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 372.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 372.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 372.42 Td (416,685) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 353.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 341.85 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 341.85 Td (Consists primarily of mortgage-backed securities issued by government-sponsored agencies, including FHLMC, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 329.85 Td (FNMA, and GNMA.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 317.85 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 317.85 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 48.95 305.85 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 305.85 Td (Consists primarily of equity securities issued by a foreign entity) Tj ET Q q 0 0 0 rg BT 335.59 305.85 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.85 Td (The following table shows proceeds from the sale of available-for) Tj ET Q q 0 0 0 rg BT 313.32 281.85 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 50.00 269.85 Td (those sales of securities:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 255.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 205.95 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 205.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 205.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 205.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 205.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 205.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 175.95 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 175.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 175.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 175.95 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 175.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 175.95 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 359.5 231.95000000000005 m 424.5 231.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 231.95000000000005 m 428.5 231.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 231.95000000000005 m 493.5 231.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 231.95000000000005 m 497.5 231.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 231.95000000000005 m 562.5 231.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 218.95000000000005 m 424.5 218.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 218.95000000000005 m 493.5 218.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 218.95000000000005 m 562.5 218.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 191.95000000000005 m 424.5 191.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 189.95000000000005 m 424.5 189.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 191.95000000000005 m 493.5 191.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 189.95000000000005 m 493.5 189.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 191.95000000000005 m 562.5 191.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 189.95000000000005 m 562.5 189.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 160.95000000000005 m 424.5 160.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 160.95000000000005 m 493.5 160.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 160.95000000000005 m 562.5 160.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 146.95000000000005 m 424.5 146.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 144.95000000000005 m 424.5 144.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 146.95000000000005 m 493.5 146.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 144.95000000000005 m 493.5 144.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 146.95000000000005 m 562.5 146.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 144.95000000000005 m 562.5 144.95000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 236.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.85 236.18 Td (For the Year Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 223.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 223.18 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 223.18 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 223.18 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 210.20 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 196.52 Td (Proceeds from sale of available-for-sale investment securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 195.63 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.65 195.63 Td (806) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 195.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 195.62 Td (213,249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 195.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 195.62 Td (135,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 181.52 Td (Gross gains) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 180.63 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 180.63 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 180.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 180.62 Td (3,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 180.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 180.62 Td (1,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 166.52 Td (Gross losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.30 165.68 Td (\(85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 165.63 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 165.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 165.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 151.52 Td (Net gains) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 150.63 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.30 150.68 Td (\(85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 150.63 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 150.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 150.62 Td (3,191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 150.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 150.62 Td (1,274) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.45 Td (These gains and losses were determined using the specific identification method and were included in non-interest income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.45 Td (The following table shows debt investment securities by stated maturity) Tj ET Q q 0 0 0 rg BT 336.79 98.45 Td (. Investment securities backed by mortgages have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 86.45 Td (expected maturities that dif) Tj ET Q q 0 0 0 rg BT 158.95 86.45 Td (fer from contractual maturities because borrowers have the right to call or prepay) Tj ET Q q 0 0 0 rg BT 483.16 86.45 Td (, and are, therefore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 74.45 Td (classified separately with no specific maturity date:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 60.05 Td () Tj ET Q endstream endobj 225 0 obj <>] /Rotate 0 /Contents 226 0 R>> endobj 226 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 688.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 688.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 688.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 688.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 658.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 658.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 658.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 658.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 628.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 628.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 628.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 628.50 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 428.5 735.5 m 493.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 735.5 m 497.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 735.5 m 562.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 722.5 m 493.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 722.5 m 497.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 722.5 m 562.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 701.5 m 493.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 701.5 m 562.5 701.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 613.5 m 493.5 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 613.5 m 562.5 613.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 599.5 m 493.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 597.5 m 493.5 597.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 599.5 m 562.5 599.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 597.5 m 562.5 597.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 739.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.75 739.73 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 726.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.90 726.73 Td (Available for Sale) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 705.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.25 713.73 Td (Amortized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.70 705.73 Td (Cost) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.20 713.73 Td (Fair) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.85 705.73 Td (V) Tj ET Q q 0 0 0 rg BT 524.89 705.73 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 692.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 679.07 Td (Due in one year or less) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 678.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 678.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 678.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 678.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 664.07 Td (Due after one year through five years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 663.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 548.65 663.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 649.07 Td (Due after five years through ten years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 648.18 Td (32,925) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 648.18 Td (33,112) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 634.07 Td (Due after ten years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 633.18 Td (7,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 633.18 Td (6,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 619.07 Td (Mortgage-backed securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 618.18 Td (506,111) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 618.18 Td (500,974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 604.07 Td (Total debt securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 603.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 603.18 Td (546,036) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 603.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 603.18 Td (541,041) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.00 Td (Gross unrealized losses and fair value of Customers' investments aggregated by investment category and length of time that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.00 Td (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 50.00 548.60 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 478.10 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 478.10 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 478.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 478.10 165.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 478.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 478.10 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 478.10 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 478.10 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 449.10 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 449.10 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 449.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 449.10 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 449.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 449.10 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 449.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 449.10 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 449.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 449.10 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 449.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 449.10 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 419.10 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 419.10 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 419.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 419.10 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 419.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 419.10 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 419.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 419.10 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 419.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 419.10 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 419.10 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 419.10 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 230.5 525.1 m 281.5 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 525.1 m 285.5 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 525.1 m 338.5 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 525.1 m 342.5 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 525.1 m 393.5 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 525.1 m 397.5 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 525.1 m 450.5 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 525.1 m 454.5 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 525.1 m 505.5 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 525.1 m 509.5 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 525.1 m 562.5 525.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 512.1 m 281.5 512.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 512.1 m 285.5 512.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 512.1 m 338.5 512.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 512.1 m 393.5 512.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 512.1 m 397.5 512.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 512.1 m 450.5 512.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 512.1 m 505.5 512.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 512.1 m 509.5 512.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 512.1 m 562.5 512.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 491.1 m 281.5 491.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 491.1 m 338.5 491.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 491.1 m 393.5 491.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 491.1 m 450.5 491.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 491.1 m 505.5 491.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 491.1 m 562.5 491.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 419.1 m 281.5 419.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 419.1 m 338.5 419.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 419.1 m 393.5 419.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 419.1 m 450.5 419.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 419.1 m 505.5 419.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 419.1 m 562.5 419.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 405.1 m 281.5 405.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 403.1 m 281.5 403.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 405.1 m 338.5 405.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 403.1 m 338.5 403.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 405.1 m 393.5 405.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 403.1 m 393.5 403.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 405.1 m 450.5 405.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 403.1 m 450.5 403.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 405.1 m 505.5 405.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 403.1 m 505.5 403.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 405.1 m 562.5 405.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 403.1 m 562.5 403.1 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 529.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.75 529.33 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 516.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.95 516.33 Td (Less than 12 months) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.80 516.33 Td (12 months or more) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.25 516.33 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 495.35 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.65 495.33 Td (FairValue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.90 503.33 Td (Unr) Tj ET Q q 0 0 0 rg BT 306.53 503.33 Td (ealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.35 495.33 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.65 495.33 Td (FairValue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.90 503.33 Td (Unr) Tj ET Q q 0 0 0 rg BT 418.53 503.33 Td (ealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.35 495.33 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.65 495.33 Td (FairValue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.90 503.33 Td (Unr) Tj ET Q q 0 0 0 rg BT 530.53 503.33 Td (ealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.35 495.33 Td (Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 482.35 Td (\(amounts in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 468.83 Td (Available for Sale:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 454.67 Td (Mortgage-backed securities \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.00 453.78 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.10 453.78 Td (305,702) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.00 453.78 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.80 453.83 Td (\(4,384) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.65 453.78 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.00 453.78 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.15 453.78 Td (57,357) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.00 453.78 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.80 453.83 Td (\(2,206) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.65 453.78 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.00 453.78 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.10 453.78 Td (363,059) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.00 453.78 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 453.83 Td (\(6,590) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 453.78 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 439.67 Td (Corporate notes \(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.15 438.78 Td (9,748) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.30 438.83 Td (\(178) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.65 438.78 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.65 438.78 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 436.65 438.78 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.15 438.78 Td (9,748) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.30 438.83 Td (\(178) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 438.78 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 424.67 Td (Equity securities \(3\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.15 423.78 Td (19,206) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.80 423.83 Td (\(3,301) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.65 423.78 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.65 423.78 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 438.30 423.83 Td (\(1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.65 423.78 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.15 423.78 Td (19,212) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.80 423.83 Td (\(3,302) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 423.78 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 409.67 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 233.00 408.78 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 245.10 408.78 Td (334,656) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.00 408.78 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.80 408.83 Td (\(7,863) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 334.65 408.78 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 345.00 408.78 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.15 408.78 Td (57,363) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 400.00 408.78 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.80 408.83 Td (\(2,207) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.65 408.78 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.00 408.78 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 469.10 408.78 Td (392,019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.00 408.78 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 527.80 408.83 Td (\(10,070) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 558.65 408.78 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 380.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 380.60 Td (Consists of mortgage-backed securities issued by government-sponsored agencies, including FHLMC, FNMA, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 368.60 Td (GNMA.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 356.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 356.60 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 48.95 344.60 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 344.60 Td (Consists primarily of equity securities issued by a foreign entity) Tj ET Q q 0 0 0 rg BT 335.59 344.60 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 330.20 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 259.70 180.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 259.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 259.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 259.70 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 259.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 259.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 259.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 259.70 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 259.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 259.70 51.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 259.70 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 259.70 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 230.70 180.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 230.50 230.70 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 230.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 285.50 230.70 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 230.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 230.70 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 230.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 230.70 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 450.50 230.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 230.70 51.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 230.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 230.70 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 230.5 306.70000000000005 m 281.5 306.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 306.70000000000005 m 285.5 306.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 306.70000000000005 m 338.5 306.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 338.5 306.70000000000005 m 342.5 306.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 306.70000000000005 m 393.5 306.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 306.70000000000005 m 397.5 306.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 306.70000000000005 m 450.5 306.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 450.5 306.70000000000005 m 454.5 306.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 306.70000000000005 m 505.5 306.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 306.70000000000005 m 509.5 306.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 306.70000000000005 m 562.5 306.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 293.70000000000005 m 281.5 293.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 293.70000000000005 m 285.5 293.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 293.70000000000005 m 338.5 293.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 293.70000000000005 m 393.5 293.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 293.70000000000005 m 397.5 293.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 293.70000000000005 m 450.5 293.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 293.70000000000005 m 505.5 293.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 293.70000000000005 m 509.5 293.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 293.70000000000005 m 562.5 293.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 272.70000000000005 m 281.5 272.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 272.70000000000005 m 338.5 272.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 272.70000000000005 m 393.5 272.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 272.70000000000005 m 450.5 272.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 272.70000000000005 m 505.5 272.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 272.70000000000005 m 562.5 272.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 215.70000000000005 m 281.5 215.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 201.70000000000005 m 281.5 201.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 230.5 199.70000000000005 m 281.5 199.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 215.70000000000005 m 338.5 215.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 201.70000000000005 m 338.5 201.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 199.70000000000005 m 338.5 199.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 215.70000000000005 m 393.5 215.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 201.70000000000005 m 393.5 201.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 199.70000000000005 m 393.5 199.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 215.70000000000005 m 450.5 215.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 201.70000000000005 m 450.5 201.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 199.70000000000005 m 450.5 199.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 215.70000000000005 m 505.5 215.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 201.70000000000005 m 505.5 201.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 199.70000000000005 m 505.5 199.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 215.70000000000005 m 562.5 215.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 201.70000000000005 m 562.5 201.70000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 199.70000000000005 m 562.5 199.70000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 310.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.75 310.93 Td (December 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 297.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 248.95 297.93 Td (Less than 12 months) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 363.80 297.93 Td (12 months or more) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.25 297.93 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 276.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 237.65 276.93 Td (FairValue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.90 284.93 Td (Unr) Tj ET Q q 0 0 0 rg BT 306.53 284.93 Td (ealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.35 276.93 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.65 276.93 Td (FairValue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.90 284.93 Td (Unr) Tj ET Q q 0 0 0 rg BT 418.53 284.93 Td (ealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.35 276.93 Td (Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.65 276.93 Td (FairValue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.90 284.93 Td (Unr) Tj ET Q q 0 0 0 rg BT 530.53 284.93 Td (ealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.35 276.93 Td (Losses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 263.95 Td (\(amounts in thousands\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 250.43 Td (Available for Sale:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 236.27 Td (Mortgage-backed securities \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.00 235.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 235.37 Td (60,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.00 235.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.30 235.42 Td (\(81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 235.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 235.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 235.37 Td (80,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 235.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.80 235.42 Td (\(2,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 235.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 235.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 235.37 Td (140,814) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 235.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 235.42 Td (\(2,348) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 235.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 221.27 Td (Equity securities \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 220.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 220.37 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 220.37 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.30 220.42 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 220.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 220.37 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 220.42 Td (\(1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 220.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 206.27 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.00 205.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 205.37 Td (60,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.00 205.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.30 205.42 Td (\(81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 205.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 205.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 205.37 Td (80,431) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 205.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.80 205.42 Td (\(2,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.65 205.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 205.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.10 205.37 Td (140,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 205.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 205.42 Td (\(2,349) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 205.37 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 186.85 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 174.85 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 174.85 Td (Consists primarily of mortgage-backed securities issued by government-sponsored agencies, including FHLMC, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 162.85 Td (FNMA, and GNMA.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 150.85 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 150.85 Td (Consists primarily of equity securities issued by a foreign entity) Tj ET Q q 0 0 0 rg BT 335.59 150.85 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.85 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 126.85 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 126.85 Td (, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.50 126.85 Td (twenty-six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.71 126.85 Td ( available-for) Tj ET Q q 0 0 0 rg BT 286.09 126.85 Td (-sale investment securities in the less-than-twelve-month category ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 114.85 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 114.85 Td (sixteen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.26 114.85 Td ( available-for) Tj ET Q q 0 0 0 rg BT 148.64 114.85 Td (-sale investment securities in the twelve-month-or) Tj ET Q q 0 0 0 rg BT 348.66 114.85 Td (-more category) Tj ET Q q 0 0 0 rg BT 408.81 114.85 Td (. ) Tj ET Q q 0 0 0 rg BT 416.13 114.85 Td (The unrealized losses on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.85 Td (mortgage backed securities are guaranteed by government-sponsored entities and primarily relate to changes in market interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.85 Td (rates. ) Tj ET Q q 0 0 0 rg BT 73.33 90.85 Td (All amounts are expected to be recovered when market prices recover or at maturity) Tj ET Q q 0 0 0 rg BT 408.92 90.85 Td (. ) Tj ET Q q 0 0 0 rg BT 413.74 90.85 Td (The unrealized losses on the equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.85 Td (securities reflect decreases in market price and adverse changes in foreign currency exchange rates. Customers evaluated the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 66.85 Td (financial condition and capital strength of the issuer of these securities and concluded that the decline in fair value was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 54.85 Td (temporary and estimated the value could reasonably recover by way of increases in market price or positive changes in foreign ) Tj ET Q endstream endobj 227 0 obj <>] /Rotate 0 /Contents 228 0 R>> endobj 228 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 50.00 742.10 Td (currency exchange rates. Customers intends to hold these securities for the foreseeable future, and does not intend to sell the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (securities before the price recovers. Customers considers it more likely than not that it will not be required to sell the securities. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 718.10 Td (, Customers concluded that the securities are not other) Tj ET Q q 0 0 0 rg BT 316.02 718.10 Td (-than-temporarily impaired as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.75 718.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.33 718.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 694.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 694.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.52 694.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.52 694.10 Td (, Customers Bank had pledged investment securities aggregating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.85 694.10 Td ($299.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.74 694.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.18 694.10 Td ($376.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 682.10 Td ( fair value, respectively) Tj ET Q q 0 0 0 rg BT 172.08 682.10 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 50.00 670.10 Td (another financial institution. ) Tj ET Q q 0 0 0 rg BT 165.35 670.10 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 50.00 616.10 Td (NOTE 7 LOANS HELD FOR SALE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 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 228.01 598.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.60 598.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.04 598.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.04 598.10 Td ( was as follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 583.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 534.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 534.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 534.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 534.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 504.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 504.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 504.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 504.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 474.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 474.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 474.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 474.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 444.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 444.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 444.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 444.20 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 428.5 560.2 m 493.5 560.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 560.2 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 497.5 560.2 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 428.5 547.2 m 493.5 547.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 547.2 m 562.5 547.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 489.2 m 493.5 489.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 489.2 m 562.5 489.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 444.2 m 493.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 444.2 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 428.5 444.2 m 493.5 444.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 430.2 m 493.5 430.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 428.2 m 493.5 428.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 430.2 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 497.5 428.2 m 562.5 428.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 564.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.75 564.43 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 551.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 551.43 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 551.45 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 538.45 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 524.77 Td (Commercial loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 509.77 Td (Mortgage warehouse loans at fair value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 508.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 508.88 Td (1,754,950) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 508.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 508.87 Td (1,332,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 494.77 Td (Multi-family loans at lower of cost or fair value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 493.88 Td (39,257) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 493.87 Td (99,791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 479.77 Td (Total commercial loans held for sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 478.88 Td (1,794,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 478.87 Td (1,431,810) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 464.77 Td (Consumer loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 449.77 Td (Residential mortgage loans at fair value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 448.88 Td (2,857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 448.87 Td (3,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 434.77 Td (Total loans held for sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 433.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 433.88 Td (1,797,064) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 433.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 433.87 Td (1,435,459) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.70 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 405.70 Td (fective September 30, 2015, Customers transferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.31 405.70 Td ($30.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.20 405.70 Td ( of multi-family loans from held for sale to loans receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.70 Td (\(held for investment\) because the Bank no longer has the intent to sell these loans. Customers transferred these loans at their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.70 Td (carrying value, which was lower than the estimated fair value at the time of transfer) Tj ET Q q 0 0 0 rg BT 384.04 381.70 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.70 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 357.70 Td (fective September 30, 2014, Customers transferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.31 357.70 Td ($164.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.20 357.70 Td ( of multi-family loans from loans receivable to held for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.70 Td (sale because Customers was actively marketing these loans and no longer had the intent to retain these loans in its portfolio. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.70 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 333.70 Td (fective December 31, 2014, Customers transferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.63 333.70 Td ($18.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.52 333.70 Td ( of these loans back to loans receivable because Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.70 Td (no longer had the intent to sell these loans. Customers transferred these loans at their amortized cost, which was lower than the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.70 Td (estimated fair value at the time of transfer) Tj ET Q q 0 0 0 rg BT 216.88 309.70 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 31.50 252.70 Td (NOTE 8 LOANS RECEIV) Tj ET Q q 0 0 0 rg BT 151.90 252.70 Td (ABLE ) Tj ET Q q 0 0 0 rg BT 181.08 252.70 Td (AND ) Tj ET Q q 0 0 0 rg BT 204.69 252.70 Td (ALLOW) Tj ET Q q 0 0 0 rg BT 241.92 252.70 Td (ANCE FOR LOAN LOSSES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 234.70 Td (Because the period to submit losses for non-single family loans covered under the FDIC loss sharing agreements expired in third quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 222.70 Td (2015, and the balance of covered loans at December 31, 2015 and 2014 was insignificant to Customers' total loan portfolio, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 210.70 Td (disaggregation between covered and non-covered loans is no longer presented in the disclosures that follow) Tj ET Q q 0 0 0 rg BT 461.28 210.70 Td (. ) Tj ET Q q 0 0 0 rg BT 468.22 210.70 Td (Additional disaggregation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 198.70 Td (of the commercial real estate loan portfolio between owner occupied and non-owner occupied is presented. Prior period amounts have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 186.70 Td (been reclassified to conform with the current period presentation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 168.70 Td ( ) Tj ET Q endstream endobj 229 0 obj <>] /Rotate 0 /Contents 230 0 R>> endobj 230 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 31.50 742.10 Td (The following table presents loans receivable as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.98 742.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.57 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.01 742.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.01 742.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 460.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 686.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 686.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 686.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 686.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 656.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 656.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 656.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 656.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 626.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 626.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 626.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 626.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 596.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 596.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 596.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 596.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 566.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 566.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 566.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 566.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 536.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 536.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 536.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 504.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 504.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 504.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 504.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 34.50 474.60 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 474.60 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 474.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 474.60 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 412.5 712.6 m 477.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477.5 712.6 m 481.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 712.6 m 546.5 712.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 699.6 m 477.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 699.6 m 546.5 699.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 611.6 m 477.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 611.6 m 546.5 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 536.6 m 477.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 536.6 m 546.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 474.6 m 477.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 460.6 m 477.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 412.5 458.6 m 477.5 458.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 474.6 m 546.5 474.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 460.6 m 546.5 460.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 458.6 m 546.5 458.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 229.00 716.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 455.75 716.83 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 37.00 703.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 703.83 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.50 703.85 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 37.00 690.85 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 37.00 677.17 Td ( Commercial:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 662.17 Td (Multi-family) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.00 661.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.65 661.28 Td (2,909,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 661.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 661.27 Td (2,208,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 647.17 Td (Commercial and industrial \(including owner occupied commercial real estate\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.65 646.28 Td (1,111,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 646.27 Td (785,669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 632.17 Td (Commercial real estate non-owner occupied) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.15 631.28 Td (956,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 631.27 Td (839,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 617.17 Td (Construction) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 446.15 616.28 Td (87,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.15 616.27 Td (49,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 601.27 Td ( Total commercial loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.65 601.28 Td (5,064,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 601.27 Td (3,883,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 37.00 587.17 Td ( Consumer:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 572.17 Td ( Residential real estate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.15 571.28 Td (271,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 571.27 Td (297,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 557.17 Td ( Manufactured housing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.15 556.28 Td (113,490) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 556.27 Td (126,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 542.17 Td ( Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.15 541.28 Td (3,708) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 541.27 Td (4,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 527.17 Td ( Total consumer loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 441.15 526.28 Td (388,811) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.15 526.27 Td (428,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.00 512.17 Td (Total loans receivable) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.65 509.28 Td (5,453,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 509.27 Td (4,311,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 495.17 Td ( Deferred costs and unamortized premiums, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.65 494.28 Td (334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.65 494.27 Td (512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 480.17 Td ( Allowance for loan losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.80 479.33 Td (\(35,647) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.65 479.28 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.80 479.32 Td (\(30,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 479.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 465.17 Td ( Loans receivable, net of allowance for loan losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.00 464.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.65 464.28 Td (5,417,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.00 464.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.65 464.27 Td (4,281,241) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 418.10 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 399.15 418.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.74 418.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.17 418.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.17 418.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 340.60 113.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 145.00 340.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.00 340.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.00 340.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 340.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 340.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 340.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 340.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 340.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 340.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 340.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 340.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 340.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 340.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 310.60 113.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 145.00 310.60 53.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.00 310.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.00 310.60 53.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 310.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 310.60 55.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 310.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 310.60 53.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 310.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 310.60 52.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 310.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 310.60 53.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 310.60 4.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 310.60 56.00 -22.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 266.60 113.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 145.00 266.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.00 266.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.00 266.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 266.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 266.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 266.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 266.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 266.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 266.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 266.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 266.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 266.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 266.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 236.60 113.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 145.00 236.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.00 236.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.00 236.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 236.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 236.60 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 236.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 236.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 236.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 236.60 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 236.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 236.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 236.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 236.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 206.60 113.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 145.00 206.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.00 206.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.00 206.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 255.00 206.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 259.00 206.60 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 314.00 206.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 318.00 206.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 206.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 206.60 52.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 427.00 206.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 431.00 206.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 206.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.00 206.60 56.00 -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 145 394.6 m 198 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198 394.6 m 202 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202 394.6 m 255 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 394.6 m 259 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 259 394.6 m 314 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 394.6 m 318 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 318 394.6 m 371 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 394.6 m 375 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 394.6 m 427 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427 394.6 m 431 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 394.6 m 484 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gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 527.50 55.00 -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 141 736.5 m 193 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193 736.5 m 197 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197 736.5 m 248 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248 736.5 m 252 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 736.5 m 306 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306 736.5 m 310 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 736.5 m 361 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361 736.5 m 365 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416 736.5 m 420 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 736.5 m 471 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471 736.5 m 475 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 736.5 m 530 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141 699.5 m 193 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197 699.5 m 248 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 699.5 m 306 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 699.5 m 361 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 736.5 m 416 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 699.5 m 416 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 699.5 m 471 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 736.5 m 530 736.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 699.5 m 530 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141 527.5 m 193 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197 527.5 m 248 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 527.5 m 306 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 527.5 m 361 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 527.5 m 471 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 527.5 m 530 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141 513.5 m 193 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 141 511.5 m 193 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197 513.5 m 248 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197 511.5 m 248 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 513.5 m 306 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 511.5 m 306 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 513.5 m 361 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310 511.5 m 361 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 527.5 m 416 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 513.5 m 416 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 365 511.5 m 416 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 513.5 m 471 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 511.5 m 471 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 513.5 m 530 513.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 511.5 m 530 511.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 740.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 302.75 740.58 Td (December 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 703.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 147.70 711.73 Td (30-89Days) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 145.60 703.73 Td (PastDue\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.15 719.73 Td (90 Or) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 203.30 711.73 Td (Mor) Tj ET Q q 0 0 0 rg BT 218.26 711.73 Td (eDays) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 201.10 703.73 Td (PastDue\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 261.40 719.73 Td (T) Tj ET Q q 0 0 0 rg BT 266.00 719.73 Td (otalPast) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 263.70 711.73 Td (Due Still) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 257.05 703.73 Td (Accruing\(1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 326.55 711.73 Td (Non-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.40 703.73 Td (Accrual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.40 703.73 Td (Current\(2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 425.70 727.73 Td (Pur) Tj ET Q q 0 0 0 rg BT 438.44 727.73 Td (chased-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.60 719.73 Td (Cr) Tj ET Q q 0 0 0 rg BT 441.78 719.73 Td (edit-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 429.05 711.73 Td (Impair) Tj ET Q q 0 0 0 rg BT 452.91 711.73 Td (ed) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.85 703.73 Td (Loans \(3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 481.80 711.73 Td (Total Loans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.30 703.73 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 34.50 678.07 Td (Multi-family) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.50 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.15 677.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.50 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.15 677.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.50 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.15 677.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.50 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.15 677.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.50 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.10 677.17 Td (2,204,059) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.50 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 677.17 Td (4,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.50 677.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.10 677.17 Td (2,208,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 663.07 Td (Commercial and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 653.07 Td (industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.15 652.17 Td (884) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.15 652.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 652.17 Td (884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 652.17 Td (2,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.60 652.17 Td (543,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 652.17 Td (3,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 652.17 Td (549,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 638.07 Td (Commercial real estate -) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 628.07 Td (owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.15 627.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.15 627.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.15 627.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 627.17 Td (2,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.60 627.17 Td (217,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 627.17 Td (16,033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 627.17 Td (235,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 613.07 Td (Commercial real estate -) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 603.07 Td (non-owner occupied) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 179.15 602.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.15 602.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 292.15 602.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 602.17 Td (1,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.60 602.17 Td (822,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 602.17 Td (15,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 602.17 Td (839,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 588.07 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.15 587.17 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.15 587.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.15 587.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 587.17 Td (2,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.65 587.17 Td (44,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 587.17 Td (2,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.65 587.17 Td (49,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 573.07 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.65 572.17 Td (1,226) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.15 572.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.65 572.17 Td (1,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.65 572.17 Td (1,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.60 572.17 Td (284,347) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 572.17 Td (9,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 572.17 Td (297,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 558.07 Td (Manufactured housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 548.07 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.65 547.17 Td (6,324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.65 547.17 Td (4,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.65 547.17 Td (10,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 547.17 Td (931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.60 547.17 Td (111,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.65 547.17 Td (4,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 547.17 Td (126,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 533.07 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.15 532.17 Td (147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.15 532.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.15 532.17 Td (147) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 532.17 Td (135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 532.17 Td (3,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 532.17 Td (248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.65 532.17 Td (4,433) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 34.50 518.23 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.50 517.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.65 517.17 Td (8,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.50 517.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.65 517.17 Td (4,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.50 517.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.65 517.17 Td (12,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.50 517.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.65 517.17 Td (11,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.50 517.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.10 517.17 Td (4,230,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.50 517.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 517.17 Td (56,617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.50 517.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.10 517.17 Td (4,311,661) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 498.60 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 486.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 486.60 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 30.45 474.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 474.60 Td (Loans where next payment due is less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.79 474.60 Td (30 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.62 474.60 Td ( from the report date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 462.60 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 462.60 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 61.95 450.60 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, is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 438.60 Td (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 61.95 426.60 Td (future cash flows and the Bank 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 61.95 414.60 Td (time. Such loans are considered to be performing. Purchased-credit-impaired loans that are not in pools accrete interest when the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 402.60 Td (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 30.45 390.60 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 390.60 Td (Amounts exclude deferred costs and fees, unamortized premiums and discounts, and the allowance for loan losses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 378.60 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 378.60 Td (Manufactured housing loans purchased in 2010are supported by cash reserves held at the Bank that are used to fund past-due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 366.60 Td (payments when the loan becomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.85 366.60 Td (90 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.68 366.60 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 61.95 354.60 Td (event of borrowers) Tj ET Q q 0 0 0 rg BT 140.07 354.60 Td ( delinquencies.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 31.50 324.60 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 31.50 306.60 Td (Losses incurred on covered loans are eligible for partial reimbursement by the FDIC. Subsequent to the purchase date, the expected cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 294.60 Td (flows on the covered loans are subject to evaluation. Decreases in the present value of expected cash flows on the covered loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 282.60 Td (recognized by increasing the allowance for loan losses with a related char) Tj ET Q q 0 0 0 rg BT 325.92 282.60 Td (ge to the provision for loan losses. ) Tj ET Q q 0 0 0 rg BT 465.35 282.60 Td (At the same time, the FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 270.60 Td (indemnification asset is increased reflecting an estimated future collection from the FDIC, which is recorded as a reduction to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 258.60 Td (provision for loan losses. If the expected cash flows on the covered loans increase such that a previously recorded impairment can be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 246.60 Td (reversed, the Bank records a reduction in the allowance for loan losses \(with a related credit to the provision for loan losses\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 234.60 Td (accompanied by a reduction in the FDIC receivable balance \(with a related char) Tj ET Q q 0 0 0 rg BT 350.62 234.60 Td (ge to the provision for loan losses\). Increases in expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 222.60 Td (cash flows on covered loans and decreases in expected cash flows of the FDIC loss sharing receivable, when there are no previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 210.60 Td (recorded impairments, are considered together and recognized over the remaining life of the loans as interest income. Decreases in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 198.60 Td (valuations of other real estate owned covered by the loss sharing agreements are recorded net of the estimated FDIC receivable as an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 186.60 Td (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 31.50 150.60 Td (The FDIC loss sharing receivable balance will be reduced through a char) Tj ET Q q 0 0 0 rg BT 323.16 150.60 Td (ge to the provision for loan losses, with no of) Tj ET Q q 0 0 0 rg BT 504.06 150.60 Td (fsetting reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 138.60 Td (to the allowance for loan losses, as the period to submit losses under the FDIC loss sharing arrangements approaches expiration and the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 126.60 Td (estimated losses in the covered loans have not yet emer) Tj ET Q q 0 0 0 rg BT 252.64 126.60 Td (ged or been realized in a final disposition event. ) Tj ET Q q 0 0 0 rg BT 446.84 126.60 Td (The period to submit losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 114.60 Td (under the FDIC loss sharing arrangements for non-single family loans expired in third quarter 2015. ) Tj ET Q q 0 0 0 rg BT 434.00 114.60 Td (The period to submit losses under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 102.60 Td (the FDIC loss sharing arrangements for single family loans expires in third quarter 2017. ) Tj ET Q q 0 0 0 rg BT 389.30 102.60 Td (The final maturity of the FDIC loss sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 90.60 Td (arrangements occurs in third quarter 2020. ) Tj ET Q q 0 0 0 rg BT 208.39 90.60 Td (As of December 2015 and 2014, loans covered under loss sharing agreements with the FDIC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 78.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.43 78.60 Td ($13.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.32 78.60 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.76 78.60 Td ($42.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.65 78.60 Td (, respectively) Tj ET Q q 0 0 0 rg BT 233.31 78.60 Td (. ) Tj ET Q endstream endobj 233 0 obj <>] /Rotate 0 /Contents 234 0 R>> endobj 234 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 10.00 Tf ET q 0 0 0 rg BT 31.50 742.10 Td (As part of the FDIC loss sharing arrangements, Customers also assumed a liability to be paid within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.21 742.10 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.21 742.10 Td ( days subsequent to the maturity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 730.10 Td (or termination of the loss sharing arrangements that is contingent upon actual losses incurred over the life of the arrangements relative to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 718.10 Td (expected losses and the consideration paid upon acquisition of the failed institutions. Due to cash received on the covered assets in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 706.10 Td (excess of the original expectations of the FDIC, the Bank anticipates that it will be required to pay the FDIC at the end of its loss sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 694.10 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 92.31 694.10 Td (As of December 31, 2015, a clawback liability of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.97 694.10 Td ($2.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.86 694.10 Td ( has been recorded. ) Tj ET Q q 0 0 0 rg BT 420.36 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 425.77 694.10 Td (o the extent actual losses on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 682.10 Td (covered assets are less than estimated losses, the clawback liability will increase. ) Tj ET Q q 0 0 0 rg BT 357.32 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 362.73 682.10 Td (o the extent actual losses on the covered assets are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 670.10 Td (more than the estimated losses, the clawback liability will decrease.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 646.10 Td (As of December31, 2015, Customers expects to collect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.72 646.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.61 646.10 Td ( from the FDIC for estimated losses and reimbursement of external ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 634.10 Td (costs, such as legal fees, real estate taxes and appraisal expenses, and estimated the clawback liability due to the FDIC in 2020 at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.67 634.10 Td ($2.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 622.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.39 622.10 Td (. ) Tj ET Q q 0 0 0 rg BT 65.21 622.10 Td (The net amount of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.30 622.10 Td ($2.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.19 622.10 Td ( is included in "Accrued interest payable and other liabilities" in the accompanying consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 610.10 Td (balance sheet.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 586.10 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 530.63 586.10 Td (fect of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 574.10 Td (estimated clawback liability for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.04 574.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.62 574.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.62 574.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.62 574.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.06 574.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.06 574.10 Td (.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 559.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 502.20 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 502.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 502.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 502.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 502.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 502.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 472.20 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 472.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 472.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 472.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 472.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 472.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 442.20 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 442.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 442.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 442.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 442.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 442.20 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 341 528.2 m 406 528.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 528.2 m 410 528.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 528.2 m 475 528.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 528.2 m 479 528.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 528.2 m 544 528.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 515.2 m 406 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 515.2 m 475 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 515.2 m 544 515.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 442.2 m 406 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 442.2 m 475 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 442.2 m 544 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 428.2 m 406 428.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 426.2 m 406 426.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 428.2 m 475 428.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 426.2 m 475 426.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 428.2 m 544 428.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 426.2 m 544 426.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 532.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.15 540.43 Td (Allowance for) Tj ET Q q 0 0 0 rg BT 443.77 540.43 Td ( Loan Losses) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.10 532.43 Td (For) Tj ET Q q 0 0 0 rg BT 395.39 532.43 Td () Tj ET Q q 0 0 0 rg BT 397.25 532.43 Td (The) Tj ET Q q 0 0 0 rg BT 412.29 532.43 Td (Y) Tj ET Q q 0 0 0 rg BT 417.18 532.43 Td (ear) Tj ET Q q 0 0 0 rg BT 428.14 532.43 Td (Ended December) Tj ET Q q 0 0 0 rg BT 488.87 532.43 Td (31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 519.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.00 519.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.00 519.43 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.00 519.43 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 506.45 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 492.77 Td (Beginning Balance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.50 491.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.65 491.88 Td (30,932) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.50 491.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 491.88 Td (23,998) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.50 491.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 491.88 Td (25,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 477.77 Td (Provision for loan losses \(1\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.65 476.88 Td (16,694) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 476.88 Td (10,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 476.88 Td (5,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 462.77 Td (Charge-offs) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 371.30 461.93 Td (\(13,412) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 461.88 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.30 461.93 Td (\(4,947) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.15 461.88 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.30 461.93 Td (\(7,338) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.15 461.88 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 447.77 Td (Recoveries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.65 446.88 Td (1,433) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.65 446.88 Td (1,823) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 446.88 Td (444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 432.77 Td (Ending Balance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.50 431.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.65 431.88 Td (35,647) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.50 431.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 431.88 Td (30,932) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.50 431.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 431.88 Td (23,998) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 413.30 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 357.80 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 357.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 357.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 357.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 357.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 357.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 329.80 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 329.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 329.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 329.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 329.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 329.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 301.80 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 301.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 301.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 301.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 301.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 301.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 273.80 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 273.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 273.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 273.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 273.80 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 273.80 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 245.80 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 245.80 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 245.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 245.80 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 245.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 245.80 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 341 381.79999999999995 m 406 381.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 381.79999999999995 m 410 381.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 381.79999999999995 m 475 381.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 381.79999999999995 m 479 381.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 381.79999999999995 m 544 381.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 369.79999999999995 m 406 369.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 369.79999999999995 m 475 369.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 369.79999999999995 m 544 369.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 287.79999999999995 m 406 287.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 287.79999999999995 m 475 287.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 287.79999999999995 m 544 287.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 274.79999999999995 m 406 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 272.79999999999995 m 406 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 274.79999999999995 m 475 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 272.79999999999995 m 475 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 274.79999999999995 m 544 274.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 272.79999999999995 m 544 272.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 230.79999999999995 m 406 230.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 230.79999999999995 m 475 230.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 230.79999999999995 m 544 230.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 217.79999999999995 m 406 217.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 215.79999999999995 m 406 215.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 217.79999999999995 m 475 217.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 215.79999999999995 m 475 215.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 217.79999999999995 m 544 217.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 215.79999999999995 m 544 215.79999999999995 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 386.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 389.40 394.03 Td (FDIC Loss Sharing Receivable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.10 386.03 Td (For) Tj ET Q q 0 0 0 rg BT 395.39 386.03 Td () Tj ET Q q 0 0 0 rg BT 397.25 386.03 Td (The) Tj ET Q q 0 0 0 rg BT 412.29 386.03 Td (Y) Tj ET Q q 0 0 0 rg BT 417.18 386.03 Td (ear) Tj ET Q q 0 0 0 rg BT 428.14 386.03 Td (EndedDecember) Tj ET Q q 0 0 0 rg BT 488.87 386.03 Td (31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 373.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.00 373.88 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.00 373.88 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.00 373.88 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 361.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 348.37 Td (Beginning Balance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.50 348.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.65 348.48 Td (2,320) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.50 348.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 348.48 Td (10,046) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.50 348.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 348.48 Td (12,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 334.37 Td (Increased \(decreased\) estimated cash flows \(2\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.30 334.53 Td (\(3,872) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 334.48 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.30 334.53 Td (\(4,689) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.15 334.48 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 334.48 Td (2,819) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 320.37 Td (Increased estimated cash flows from covered OREO \(a\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.65 320.48 Td (3,138) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 320.48 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 320.48 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 306.37 Td (Other activity, net \(b\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.15 306.48 Td (248) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.65 306.48 Td (2,409) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 306.48 Td (1,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 292.37 Td (Cash receipts from FDIC) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.30 292.53 Td (\(3,917) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 292.48 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.30 292.53 Td (\(5,446) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.15 292.48 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.30 292.53 Td (\(6,726) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.15 292.48 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 278.37 Td (Ending Balance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.50 278.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.30 278.53 Td (\(2,083) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 278.48 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.50 278.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.65 278.48 Td (2,320) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.50 278.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 512.65 278.48 Td (10,046) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 250.37 Td (\(1\)Provision for loan losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.50 250.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.65 250.48 Td (16,694) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.50 250.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 250.48 Td (10,058) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.50 250.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 250.48 Td (5,055) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 236.37 Td (\(2\)Effect attributable to FDIC loss share arrangements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.65 235.48 Td (3,872) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.65 235.48 Td (4,689) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 514.30 235.53 Td (\(2,819) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 540.15 235.48 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 221.37 Td (Net amount reported as provision for loan losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.50 221.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.65 221.48 Td (20,566) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.50 221.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.65 221.48 Td (14,747) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.50 221.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 221.48 Td (2,236) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 202.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 190.90 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 31.50 178.90 Td (\(b\) Includes external costs, such as legal fees, real estate taxes and appraisal expenses, that qualify for reimbursement under loss share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 166.90 Td (arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 142.90 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 34.00 142.90 Td (Loans Individually Evaluated for Impairment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 118.90 Td (The following tables present the recorded investment \(net of char) Tj ET Q q 0 0 0 rg BT 292.61 118.90 Td (ge-of) Tj ET Q q 0 0 0 rg BT 313.53 118.90 Td (fs\), unpaid principal balance, and related allowance by) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 106.90 Td (loan type for loans that are individually evaluated for impairment as of December 31, 2015 and 2014 and the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 94.90 Td (average recorded investment and interest income recognized for the years ended December 31, 2015 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 82.90 Td (2014. Purchased-credit-impaired loans are considered to be performing and are not included in the tables below) Tj ET Q q 0 0 0 rg BT 477.36 82.90 Td (.) 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60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 445.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 445.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 445.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 445.50 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 228 732.5 m 288 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 732.5 m 292 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 732.5 m 352 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 732.5 m 356 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 732.5 m 416 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 732.5 m 480 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 732.5 m 484 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 732.5 m 544 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 695.5 m 288 695.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 695.5 m 352 695.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 695.5 m 416 695.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 695.5 m 480 695.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 695.5 m 544 695.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 445.5 m 288 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 445.5 m 352 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 445.5 m 416 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 445.5 m 480 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 445.5 m 544 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 431.5 m 288 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 429.5 m 288 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 431.5 m 352 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 429.5 m 352 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 431.5 m 416 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 429.5 m 416 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 431.5 m 480 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 429.5 m 480 429.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 431.5 m 544 431.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 429.5 m 544 429.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.25 736.73 Td (December 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.20 736.73 Td (Year Ended December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 699.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.05 723.73 Td (Recorded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.35 715.73 Td (Investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.15 707.73 Td (Net of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.50 699.73 Td (ChargeOffs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.80 715.73 Td (Unpaid) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.70 707.73 Td (Principal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.90 699.73 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.35 707.73 Td (Related) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.70 699.73 Td (Allowance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.55 715.73 Td (A) Tj ET Q q 0 0 0 rg BT 440.73 715.73 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.05 707.73 Td (Recorded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.35 699.73 Td (Investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.20 715.73 Td (Inter) Tj ET Q q 0 0 0 rg BT 517.38 715.73 Td (est) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 707.73 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.90 699.73 Td (Recognized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 686.75 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 34.50 673.23 Td (With no related allowance recorded:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 659.07 Td (Multi-family) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.50 658.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.15 658.18 Td (661) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.50 658.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 658.18 Td (661) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.50 658.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 658.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.50 658.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 658.18 Td (267) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.50 658.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 658.18 Td (24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 644.07 Td (Commercial and industrial) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.65 643.18 Td (12,056) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.65 643.18 Td (13,028) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 643.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.65 643.18 Td (8,543) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 643.18 Td (891) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 629.07 Td (Commercial real estate - owner occupied) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.65 628.18 Td (8,317) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.65 628.18 Td (8,317) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 628.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.65 628.18 Td (6,526) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 628.18 Td (454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 614.07 Td (Commercial real estate - non-owner occupied) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.65 613.18 Td (4,276) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.65 613.18 Td (4,276) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 613.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.65 613.18 Td (6,605) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 613.18 Td (648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 599.07 Td (Construction) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.15 598.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 598.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 598.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 598.18 Td (749) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 598.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 584.07 Td (Other consumer) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.15 583.18 Td (48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 583.18 Td (48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 583.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 583.18 Td (42) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 583.18 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 569.07 Td (Residential real estate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.65 568.18 Td (4,331) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.65 568.18 Td (4,331) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 568.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.65 568.18 Td (2,254) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 568.18 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 554.07 Td (Manufactured housing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.65 554.18 Td (8,300) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.65 554.18 Td (8,300) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 554.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.65 554.18 Td (5,433) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 554.18 Td (368) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 34.50 540.23 Td (With an allowance recorded:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 526.07 Td (Commercial and industrial) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 261.65 525.18 Td (5,565) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.65 525.18 Td (5,914) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.65 525.18 Td (1,990) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 453.65 525.18 Td (9,331) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.15 525.18 Td (191) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 511.07 Td (Commercial real estate - owner occupied) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.15 510.18 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 510.18 Td (12) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.15 510.18 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 510.18 Td (15) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 510.18 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 496.07 Td (Commercial real estate - non-owner occupied) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.15 495.18 Td (555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 495.18 Td (555) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.15 495.18 Td (148) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 495.18 Td (817) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 495.18 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 481.07 Td (Construction) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.15 480.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 480.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 480.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 480.18 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 480.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 466.07 Td (Other consumer) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 274.15 465.18 Td (92) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 338.15 465.18 Td (92) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 465.18 Td (50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 466.15 465.18 Td (83) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 530.15 465.18 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 451.07 Td (Residential real estate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 269.15 450.18 Td (395) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.15 450.18 Td (395) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 450.18 Td (84) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.15 450.18 Td (426) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 535.15 450.18 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 436.23 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.50 435.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.65 435.18 Td (44,608) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 294.50 435.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 320.65 435.18 Td (45,929) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.50 435.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.65 435.18 Td (2,273) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 422.50 435.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.65 435.18 Td (41,091) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.50 435.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.65 435.18 Td (2,678) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 356.50 196.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 356.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 356.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 356.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 356.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 356.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 356.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 356.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 356.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 356.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 327.50 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 327.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 327.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 327.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 327.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 327.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 327.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 327.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 327.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 297.50 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 297.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 297.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 297.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 297.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 297.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 297.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 297.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 297.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 267.50 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 267.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 267.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 267.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 267.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 267.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 267.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 267.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 267.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 238.50 196.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 238.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 238.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 238.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 238.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 238.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 238.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 238.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 238.50 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 209.50 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 209.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 209.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 209.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 209.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 209.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 209.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 209.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 209.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 179.50 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 179.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 179.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 179.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 179.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 179.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 179.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 179.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 179.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 149.50 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 228.00 149.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 288.00 149.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.00 149.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 352.00 149.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.00 149.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.00 149.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 149.50 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.00 149.50 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 228 406.5 m 288 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 288 406.5 m 292 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 406.5 m 352 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 352 406.5 m 356 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 406.5 m 416 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 406.5 m 480 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 406.5 m 484 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 406.5 m 544 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 369.5 m 288 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 369.5 m 352 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 369.5 m 416 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 369.5 m 480 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 369.5 m 544 369.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 134.5 m 288 134.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 134.5 m 352 134.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 134.5 m 416 134.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 134.5 m 480 134.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 134.5 m 544 134.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 120.5 m 288 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 228 118.5 m 288 118.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 120.5 m 352 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 118.5 m 352 118.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 120.5 m 416 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 118.5 m 416 118.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 120.5 m 480 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 118.5 m 480 118.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 120.5 m 544 120.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484 118.5 m 544 118.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 289.25 410.73 Td (December 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.20 410.73 Td (Year Ended December 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 373.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 241.05 397.73 Td (Recorded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 238.35 389.73 Td (Investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 247.15 381.73 Td (Net of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.50 373.73 Td (ChargeOffs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.80 389.73 Td (Unpaid) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.70 381.73 Td (Principal) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 307.90 373.73 Td (Balance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 372.35 381.73 Td (Related) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 367.70 373.73 Td (Allowance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 435.55 389.73 Td (A) Tj ET Q q 0 0 0 rg BT 440.73 389.73 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.05 381.73 Td (Recorded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 430.35 373.73 Td (Investment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.20 389.73 Td (Inter) Tj ET Q q 0 0 0 rg BT 517.38 389.73 Td (est) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 500.80 381.73 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 493.90 373.73 Td (Recognized) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 360.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.50 360.75 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 34.50 347.23 Td (With no related allowance recorded:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 333.07 Td (Commercial and industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.50 332.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.65 332.17 Td (14,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 332.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.65 332.17 Td (16,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.50 332.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 332.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.50 332.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 332.17 Td (13,329) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.50 332.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 332.17 Td (674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 318.07 Td (Commercial real estate - owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.65 317.17 Td (12,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.65 317.17 Td (12,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 317.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 317.17 Td (10,204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 317.17 Td (504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 303.07 Td (Commercial real estate - non-owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 302.17 Td (5,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 302.17 Td (5,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 302.17 Td (7,770) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 302.17 Td (383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 288.07 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 287.17 Td (2,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 287.17 Td (2,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 287.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 287.17 Td (2,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 287.17 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 273.07 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 272.17 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 272.17 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 272.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 272.17 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 272.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 258.07 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 257.17 Td (3,675) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 257.17 Td (5,917) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 257.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 257.17 Td (4,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 257.17 Td (87) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 34.50 243.23 Td (Manufactured housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 243.07 Td (2,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 243.07 Td (2,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 243.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 243.07 Td (2,588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 243.07 Td (128) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 34.50 229.23 Td (With an allowance recorded:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 215.07 Td (Commercial and industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.65 214.17 Td (1,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.65 214.17 Td (1,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 214.17 Td (857) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 214.17 Td (1,725) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 214.17 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 200.07 Td (Commercial real estate - owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 199.17 Td (750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 199.17 Td (750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 199.17 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 199.17 Td (1,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 199.17 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 185.07 Td (Commercial real estate - non-owner occupied) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 184.17 Td (571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 184.17 Td (571) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 184.17 Td (170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 184.17 Td (902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 184.17 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 170.07 Td (Construction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.15 169.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.15 169.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 169.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 169.17 Td (851) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 169.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 155.07 Td (Other consumer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 154.17 Td (114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 154.17 Td (114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 154.17 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 154.17 Td (82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 154.17 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 140.07 Td (Residential real estate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.15 139.17 Td (365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.15 139.17 Td (365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 139.17 Td (188) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 139.17 Td (296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 139.17 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 125.23 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.50 124.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.65 124.17 Td (45,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.50 124.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.65 124.17 Td (49,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.50 124.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 124.17 Td (1,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.50 124.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 124.17 Td (45,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.50 124.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 124.17 Td (1,886) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 31.50 90.00 Td (T) Tj ET Q q 0 0 0 rg BT 36.51 90.00 Td (r) Tj ET Q q 0 0 0 rg BT 40.03 90.00 Td (oubled Debt Restructurings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 72.00 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 44.00 72.00 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.58 72.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.58 72.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.58 72.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.02 72.00 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.02 72.00 Td ( there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.94 72.00 Td ($1) Tj ET Q q 0 0 0 rg BT 243.57 72.00 Td (1.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.46 72.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.46 72.00 Td ($5.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.35 72.00 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.35 72.00 Td ($4.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.24 72.00 Td ( respectively) Tj ET Q q 0 0 0 rg BT 445.40 72.00 Td (, in loans categorized as troubled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 60.00 Td (debt restructurings \(TDRs\). ) Tj ET Q q 0 0 0 rg BT 152.95 60.00 Td (TDRs are reported as impaired loans in the calendar year of their restructuring and are evaluated to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 48.00 Td (determine whether they should be placed on non-accrual status. In subsequent years, a ) Tj ET Q q 0 0 0 rg BT 378.70 48.00 Td (TDR may be returned to accrual status if the ) Tj ET Q endstream endobj 237 0 obj <>] /Rotate 0 /Contents 238 0 R>> endobj 238 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 31.50 742.10 Td (borrower satisfies a minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.70 742.10 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.37 742.10 Td (-month performance requirement; however) Tj ET Q q 0 0 0 rg BT 337.39 742.10 Td (, it will remain classified as impaired. Generally) Tj ET Q q 0 0 0 rg BT 529.18 742.10 Td (, the Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 730.10 Td (requires sustained performance for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.11 730.10 Td (nine months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.27 730.10 Td ( before returning a ) Tj ET Q q 0 0 0 rg BT 298.72 730.10 Td (TDR to accrual status.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 706.10 Td (Modification of purchased-credit-impaired loans that are accounted for within loan pools in accordance with the accounting standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 694.10 Td (for purchased-credit-impaired loans do not result in the removal of these loans from the pool even if modifications would otherwise be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 682.10 Td (considered a ) Tj ET Q q 0 0 0 rg BT 84.07 682.10 Td (TDR. ) Tj ET Q q 0 0 0 rg BT 108.52 682.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 157.86 682.10 Td (, as each pool is accounted for as a single asset with a single composite interest rate and an aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 670.10 Td (expectation of cash flows, modifications of loans within such pools are not considered ) Tj ET Q q 0 0 0 rg BT 379.01 670.10 Td (TDRs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 646.10 Td (The following is an analysis of 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 514.43 646.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 634.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 634.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.50 634.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 634.10 Td ( and 2013. ) Tj ET Q q 0 0 0 rg BT 120.76 634.10 Td (There were no modifications that involved for) Tj ET Q q 0 0 0 rg BT 304.96 634.10 Td (giveness of debt.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 619.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 562.20 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 562.20 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 562.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 562.20 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 532.20 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 532.20 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 532.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 532.20 86.00 -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 277 596.2 m 363 596.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 596.2 m 367 596.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 596.2 m 453 596.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 596.2 m 363 596.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 575.2 m 363 575.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 596.2 m 453 596.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 575.2 m 453 575.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 532.2 m 363 532.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 532.2 m 453 532.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 518.2 m 363 518.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 516.2 m 363 516.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 518.2 m 453 518.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 516.2 m 453 516.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 600.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.25 600.43 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 579.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.35 587.43 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.70 579.43 Td (ofLoans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.05 587.43 Td (Recorded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.35 579.43 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 566.45 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 552.77 Td (Extended under forbearance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.15 551.88 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.50 551.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.15 551.88 Td (183) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 537.77 Td (Interest-rate reductions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 536.88 Td (161) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.65 536.88 Td (7,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 522.77 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 344.15 521.88 Td (162) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 369.50 521.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 426.65 521.88 Td (7,457) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 436.20 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 436.20 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 436.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 436.20 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 406.20 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 406.20 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 406.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 406.20 86.00 -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 277 470.2 m 363 470.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 470.2 m 367 470.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 470.2 m 453 470.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 470.2 m 363 470.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 449.2 m 363 449.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 470.2 m 367 470.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 470.2 m 453 470.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 449.2 m 453 449.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 406.2 m 363 406.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 406.2 m 453 406.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 392.2 m 363 392.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 390.2 m 363 390.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 392.2 m 453 392.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 390.2 m 453 390.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 474.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.25 474.43 Td (December 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 453.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.35 461.43 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.70 453.43 Td (ofLoans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.05 461.43 Td (Recorded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.35 453.43 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 440.45 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 426.77 Td (Extended under forbearance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 425.87 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 425.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 425.87 Td (460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 411.77 Td (Interest rate reductions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 410.87 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 410.87 Td (620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 396.77 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 395.87 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 395.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 395.87 Td (1,080) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 310.20 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 310.20 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 310.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 310.20 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 280.20 245.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.00 280.20 86.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.00 280.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.00 280.20 86.00 -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 277 344.20000000000005 m 363 344.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 344.20000000000005 m 367 344.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 344.20000000000005 m 453 344.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 344.20000000000005 m 363 344.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 323.20000000000005 m 363 323.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363 344.20000000000005 m 367 344.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 344.20000000000005 m 453 344.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 323.20000000000005 m 453 323.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 323.20000000000005 m 363 323.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 323.20000000000005 m 453 323.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 280.20000000000005 m 363 280.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 280.20000000000005 m 453 280.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 266.20000000000005 m 363 266.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 264.20000000000005 m 363 264.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 266.20000000000005 m 453 266.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367 264.20000000000005 m 453 264.20000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 348.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.25 348.43 Td (December 31, 2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 327.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.35 335.43 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.70 327.43 Td (ofLoans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 393.05 335.43 Td (Recorded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.35 327.43 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 314.45 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 300.77 Td (Extended under forbearance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 299.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 299.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.15 299.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 285.77 Td (Interest rate reductions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 284.87 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 284.87 Td (1,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 270.77 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.15 269.87 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.50 269.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.65 269.87 Td (1,238) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 239 0 obj <>] /Rotate 0 /Contents 240 0 R>> endobj 240 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 742.10 Td (The following table provides, by loan type, the number of loans modified in troubled debt restructurings and the related) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 730.10 Td (recorded investment during the years ended December 31, 2015, 2014 and 2013.) 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 32.00 658.20 247.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 658.20 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 658.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 658.20 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 628.20 247.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 628.20 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 628.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 628.20 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 598.20 247.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 279.00 598.20 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 598.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 383.00 598.20 100.00 -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 279 692.2 m 379 692.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 692.2 m 383 692.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 692.2 m 483 692.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 671.2 m 379 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 671.2 m 483 671.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 598.2 m 379 598.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 598.2 m 483 598.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 584.2 m 379 584.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279 582.2 m 379 582.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 584.2 m 483 584.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 582.2 m 483 582.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 696.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 348.25 696.43 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 675.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.35 683.43 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.70 675.43 Td (ofLoans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.05 683.43 Td (Recorded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.35 675.43 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 662.45 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 648.77 Td (Commercial and industrial) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.15 647.88 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.50 647.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 647.88 Td (791) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 633.77 Td (Commercial real estate non-owner occupied) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.15 632.88 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 632.88 Td (211) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 618.77 Td (Manufactured housing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 617.88 Td (156) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.65 617.88 Td (6,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 603.77 Td (Residential real estate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 370.15 602.88 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 464.15 602.88 Td (204) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 588.77 Td (Total loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 360.15 587.88 Td (162) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 385.50 587.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.65 587.88 Td (7,457) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 569.30 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 511.80 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.00 511.80 101.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 511.80 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 511.80 101.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 481.80 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.00 481.80 101.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 481.80 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 481.80 101.00 -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 278 545.8 m 379 545.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 545.8 m 386 545.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 545.8 m 487 545.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 524.8 m 379 524.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 524.8 m 487 524.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 481.8 m 379 481.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 481.8 m 487 481.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 467.8 m 379 467.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 465.8 m 379 465.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 467.8 m 487 467.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 465.8 m 487 465.8 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 550.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.75 550.03 Td (December 31, 2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 529.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.85 537.03 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.20 529.03 Td (ofLoans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.55 537.03 Td (Recorded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.85 529.03 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 516.05 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 502.37 Td (Manufactured housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 501.47 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.50 501.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 501.47 Td (620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 487.37 Td (Home equity / other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 486.47 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 486.47 Td (460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 472.37 Td (Total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 471.47 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.50 471.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 471.47 Td (1,080) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 397.80 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.00 397.80 101.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 397.80 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 397.80 101.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 367.80 246.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 278.00 367.80 101.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.00 367.80 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 386.00 367.80 101.00 -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 278 431.8 m 379 431.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 431.8 m 386 431.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 431.8 m 487 431.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 410.8 m 379 410.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 410.8 m 487 410.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 367.8 m 379 367.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 367.8 m 487 367.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 353.8 m 379 353.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 278 351.8 m 379 351.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 353.8 m 487 353.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 351.8 m 487 351.8 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 436.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.75 436.03 Td (December 31, 2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 415.05 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.85 423.03 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 313.20 415.03 Td (ofLoans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.55 423.03 Td (Recorded) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.85 415.03 Td (Investment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 402.05 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 388.37 Td (Manufactured housing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 387.47 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.50 387.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 387.47 Td (1,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 373.37 Td (Home equity / other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.15 372.47 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 372.47 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 358.37 Td (Total loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 357.47 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.50 357.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 357.47 Td (1,238) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 329.30 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.94 329.30 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.53 329.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.53 329.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.53 329.30 Td (, 2013, there were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.94 329.30 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.94 329.30 Td ( commitments to lend additional funds to debtors whose terms have been modified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 317.30 Td (in ) Tj ET Q q 0 0 0 rg BT 41.60 317.30 Td (TDRs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 293.30 Td (For the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.58 293.30 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.17 293.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.17 293.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.17 293.30 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.61 293.30 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.61 293.30 Td (, the recorded investment of loans determined to be ) Tj ET Q q 0 0 0 rg BT 463.14 293.30 Td (TDRs was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.58 293.30 Td ($7.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.47 293.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.47 293.30 Td ($1.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 281.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.39 281.30 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.83 281.30 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.72 281.30 Td ( respectively) Tj ET Q q 0 0 0 rg BT 178.88 281.30 Td (, both before and after restructuring. During the year ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.02 281.30 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.60 281.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.60 281.30 Td (thirty-six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.27 281.30 Td ( ) Tj ET Q q 0 0 0 rg BT 543.58 281.30 Td (TDR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 269.30 Td (loans defaulted with a recorded investment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.71 269.30 Td ($2.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.61 269.30 Td (. During the year ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.58 269.30 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.16 269.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.16 269.30 Td (six) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.83 269.30 Td ( ) Tj ET Q q 0 0 0 rg BT 463.15 269.30 Td (TDR loans defaulted with a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 257.30 Td (recorded investment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.19 257.30 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.08 257.30 Td (. During the year ended December 31, 2013, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.29 257.30 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.84 257.30 Td ( ) Tj ET Q q 0 0 0 rg BT 373.16 257.30 Td (TDR loans defaulted with a recorded investment of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 245.30 Td ($0.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.39 245.30 Td (. For the year ended 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.58 245.30 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.48 245.30 Td ( of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.52 245.30 Td ($2.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.41 245.30 Td ( defaulted loans are subject to a cash reserve. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 221.30 Td (Loans modified in troubled debt restructurings are evaluated for impairment. ) Tj ET Q q 0 0 0 rg BT 340.94 221.30 Td (The nature and extent of impairment of ) Tj ET Q q 0 0 0 rg BT 500.43 221.30 Td (TDRs, including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 209.30 Td (those which have experienced a subsequent default, is considered in the determination of an appropriate level of allowance for credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 197.30 Td (losses. ) Tj ET Q q 0 0 0 rg BT 62.71 197.30 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.46 197.30 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.44 197.30 Td ( specific allowances resulting from ) Tj ET Q q 0 0 0 rg BT 272.71 197.30 Td (TDR modifications during 2015, totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.36 197.30 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.25 197.30 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.91 197.30 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.91 197.30 Td ( commercial and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 185.30 Td (industrial loans, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.82 185.30 Td ($0.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.71 185.30 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.37 185.30 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.81 185.30 Td ( commercial real estate non-owner occupied loan. ) Tj ET Q q 0 0 0 rg BT 396.21 185.30 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.95 185.30 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.95 185.30 Td ( specific allowances resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 173.30 Td (from ) Tj ET Q q 0 0 0 rg BT 53.26 173.30 Td (TDR modifications during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.86 173.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.86 173.30 Td ( or 2013.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 31.50 143.30 Td (Cr) Tj ET Q q 0 0 0 rg BT 41.69 143.30 Td (edit Quality Indicators) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 125.30 Td (Commercial and industrial, commercial real estate, multi-family) Tj ET Q q 0 0 0 rg BT 287.98 125.30 Td (, residential real estate and construction loans are based on an internally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 113.30 Td (assigned risk rating system which are assigned at loan origination and reviewed on a periodic or as needed basis. Other consumer and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 101.30 Td (manufactured housing loans are 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 77.30 Td (T) Tj ET Q q 0 0 0 rg BT 36.91 77.30 Td (o facilitate the monitoring of credit quality within commercial and industrial, commercial real estate, construction, multi-family and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 65.30 Td (residential real estate loans, and for purposes of analyzing historical loss rates used in the determination of the allowance for loan losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 53.30 Td (for the respective portfolio class, the Bank utilizes the following categories of risk ratings: pass/satisfactory \(includes risk rating 1 ) Tj ET Q endstream endobj 241 0 obj <>] /Rotate 0 /Contents 242 0 R>> endobj 242 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 31.60 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 742.10 Td (through 6\), special mention, substandard, doubtful, and loss. ) Tj ET Q q 0 0 0 rg BT 275.45 742.10 Td (The risk rating categories, which are derived from standard regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 730.10 Td (rating definitions, are assigned upon initial approval of credit to borrowers and updated periodically thereafter) Tj ET Q q 0 0 0 rg BT 471.08 730.10 Td (. Pass/satisfactory ratings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 718.10 Td (which are assigned to those borrowers who do not have identified potential or well-defined weaknesses and for whom there is a high ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 706.10 Td (likelihood of orderly repayment, are updated periodically based on the size and credit characteristics of the borrower) Tj ET Q q 0 0 0 rg BT 497.15 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 501.60 706.10 Td (All other categories ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 694.10 Td (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 395.53 694.10 Td (.Certain consumer loans are not assigned a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 682.10 Td (risk rating. ) Tj ET Q q 0 0 0 rg BT 77.14 682.10 Td (While assigning risk ratings involves judgment, the risk-rating process allows management to identify riskier credits in a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 670.10 Td (timely manner and allocate the appropriate resources to managing the loans.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 646.10 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 31.5 614.7669921875 m 55.376953125 614.7669921875 l s q 0 0 0 rg BT 31.50 616.10 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 614.7669921875 m 74.2685546875 614.7669921875 l s q 0 0 0 rg BT 55.38 616.10 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 614.7669921875 m 77.046875 614.7669921875 l s q 0 0 0 rg BT 74.27 616.10 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 614.7669921875 m 114.244140625 614.7669921875 l s q 0 0 0 rg BT 77.05 616.10 Td (Excellent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 598.10 Td (Loans rated 1 represent a credit extension of the highest quality) Tj ET Q q 0 0 0 rg BT 284.65 598.10 Td (. ) Tj ET Q q 0 0 0 rg BT 289.47 598.10 Td (The borrower) Tj ET Q q 0 0 0 rg BT 344.54 598.10 Td () Tj ET Q q 0 0 0 rg BT 347.32 598.10 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 31.50 586.10 Td (extremely lar) Tj ET Q q 0 0 0 rg BT 84.35 586.10 Td (ge and stable mar) Tj ET Q q 0 0 0 rg BT 154.42 586.10 Td (gins of coverage. Balance sheets are conservative, well capitalized, and liquid. ) Tj ET Q q 0 0 0 rg BT 470.12 586.10 Td (After considering debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 574.10 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 478.12 574.10 Td (The borrower typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 562.10 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 31.5 530.7669921875 m 55.376953125 530.7669921875 l s q 0 0 0 rg BT 31.50 532.10 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 530.7669921875 m 74.2685546875 530.7669921875 l s q 0 0 0 rg BT 55.38 532.10 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 530.7669921875 m 77.046875 530.7669921875 l s q 0 0 0 rg BT 74.27 532.10 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 530.7669921875 m 112.046875 530.7669921875 l s q 0 0 0 rg BT 77.05 532.10 Td (Superior) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 514.10 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 495.41 514.10 Td (, debt capacity and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 502.10 Td (coverage with ratios better than industry norms. ) Tj ET Q q 0 0 0 rg BT 225.16 502.10 Td (The borrowers of these loans exhibit a limited leverage position, are virtually immune to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 490.10 Td (local economies, and are in stable growing industries. ) Tj ET Q q 0 0 0 rg BT 250.98 490.10 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 31.50 478.10 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 31.5 446.7669921875 m 55.376953125 446.7669921875 l s q 0 0 0 rg BT 31.50 448.10 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 446.7669921875 m 74.2685546875 446.7669921875 l s q 0 0 0 rg BT 55.38 448.10 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 446.7669921875 m 77.046875 446.7669921875 l s q 0 0 0 rg BT 74.27 448.10 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 446.7669921875 m 103.345703125 446.7669921875 l s q 0 0 0 rg BT 77.05 448.10 Td (Str) Tj ET Q q 0 0 0 rg BT 88.35 448.10 Td (ong) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 430.10 Td (Loans rated 3 are those loans for which the borrower has above average financial condition and flexibility; more than satisfactory debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 418.10 Td (service coverage; balance sheet and operating ratios are consistent with or better than industry peers; have little industry risk; and move ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 406.10 Td (in diversified markets and are experienced and competent in their industry) Tj ET Q q 0 0 0 rg BT 327.96 406.10 Td (. ) Tj ET Q q 0 0 0 rg BT 332.78 406.10 Td (These borrowers access to capital markets is limited mostly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 394.10 Td (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 31.5 362.7669921875 m 55.376953125 362.7669921875 l s q 0 0 0 rg BT 31.50 364.10 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 362.7669921875 m 74.2685546875 362.7669921875 l s q 0 0 0 rg BT 55.38 364.10 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 362.7669921875 m 77.046875 362.7669921875 l s q 0 0 0 rg BT 74.27 364.10 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 362.7669921875 m 99.2685546875 362.7669921875 l s q 0 0 0 rg BT 77.05 364.10 Td (Good) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 346.10 Td (Loans rated 4 have a sound primary and secondary source of repayment. ) Tj ET Q q 0 0 0 rg BT 323.71 346.10 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 31.50 334.10 Td (financing, bust sources are not as widely available as they are to a higher grade borrower) Tj ET Q q 0 0 0 rg BT 386.37 334.10 Td (. ) Tj ET Q q 0 0 0 rg BT 391.19 334.10 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 31.50 322.10 Td (very low loss exposure. ) Tj ET Q q 0 0 0 rg BT 128.25 322.10 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 459.15 322.10 Td (. ) Tj ET Q q 0 0 0 rg BT 463.97 322.10 Td (The mar) Tj ET Q q 0 0 0 rg BT 497.38 322.10 Td (gins of cash flow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 310.10 Td (coverage are satisfactory but vulnerable to more rapid deterioration than the higher 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 31.5 278.7669921875 m 55.376953125 278.7669921875 l s q 0 0 0 rg BT 31.50 280.10 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 278.7669921875 m 103.150390625 278.7669921875 l s q 0 0 0 rg BT 55.38 280.10 Td (Satisfactory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 262.10 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 31.50 250.10 Td (from normal business operations. Risk factors may include reliability of mar) Tj ET Q q 0 0 0 rg BT 337.08 250.10 Td (gins and cash flows, liquidity) Tj ET Q q 0 0 0 rg BT 453.92 250.10 Td (, dependence on a single ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 238.10 Td (product or industry) Tj ET Q q 0 0 0 rg BT 107.51 238.10 Td (, cyclical trends, depth of management, or limited access to alternative financing sources. ) Tj ET Q q 0 0 0 rg BT 466.92 238.10 Td (The borrower) Tj ET Q q 0 0 0 rg BT 521.98 238.10 Td () Tj ET Q q 0 0 0 rg BT 524.76 238.10 Td (s historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 226.10 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 31.50 214.10 Td (adequate, but is not as detailed and sophisticated as information found on higher grade loans. If adverse circumstances arise, the impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 202.10 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 31.5 170.76699218750002 m 55.376953125 170.76699218750002 l s q 0 0 0 rg BT 31.50 172.10 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 170.76699218750002 m 103.150390625 170.76699218750002 l s q 0 0 0 rg BT 55.38 172.10 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 170.76699218750002 m 105.9287109375 170.76699218750002 l s q 0 0 0 rg BT 103.15 172.10 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 170.76699218750002 m 185.5478515625 170.76699218750002 l s q 0 0 0 rg BT 105.93 172.10 Td (Bankable with Car) Tj ET Q q 0 0 0 rg BT 181.11 172.10 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 154.10 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 395.69 154.10 Td (, cash flow and asset values are generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 142.10 Td (intact. ) Tj ET Q q 0 0 0 rg BT 58.53 142.10 Td (These borrowers may exhibit declining financial characteristics, with increasing leverage and decreasing liquidity) Tj ET Q q 0 0 0 rg BT 512.99 142.10 Td (, and may have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 130.10 Td (limited resources and access to financial alternatives. Signs of weakness in these borrowers may include delinquent taxes, trade slowness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 118.10 Td (and eroding profit mar) Tj ET Q q 0 0 0 rg BT 121.57 118.10 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 86.76699218750002 m 55.376953125 86.76699218750002 l s q 0 0 0 rg BT 31.50 88.10 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 86.76699218750002 m 120.6357421875 86.76699218750002 l s q 0 0 0 rg BT 55.38 88.10 Td (Special Mention) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 70.10 Td (Loans rated Special Mention are credit facilities that may have potential developing weaknesses and deserve extra attention from the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 58.10 Td (account manager and other management personnel. In the event potential weaknesses are not corrected or mitigated, deterioration in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 46.10 Td (ability of the borrower to repay the debt in the future may occur) Tj ET Q q 0 0 0 rg BT 286.41 46.10 Td (. ) Tj ET Q q 0 0 0 rg BT 291.23 46.10 Td (This grade is not assigned to loans that bear certain peculiar risks ) Tj ET Q endstream endobj 243 0 obj <>] /Rotate 0 /Contents 244 0 R>> endobj 244 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 742.10 Td (normally associated with the type of financing involved, unless circumstances have caused the risk to increase to a level higher than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 730.10 Td (would have been acceptable when the credit was originally approved. Loans where significant actual, not potential, weaknesses or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 718.10 Td (problems are clearly evident are graded in the category below) Tj ET Q q 0 0 0 rg BT 277.68 718.10 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 31.5 686.7669921875 m 55.376953125 686.7669921875 l s q 0 0 0 rg BT 31.50 688.10 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 686.7669921875 m 105.5673828125 686.7669921875 l s q 0 0 0 rg BT 55.38 688.10 Td (Substandar) Tj ET Q q 0 0 0 rg BT 100.57 688.10 Td (d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 670.10 Td (Loans are classified Substandard when the loans are inadequately protected by the current sound worth and payment capacity of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 658.10 Td (obligor or of the collateral pledged, if any) Tj ET Q q 0 0 0 rg BT 198.01 658.10 Td (. Loans so classified must have a well-defined weakness or weaknesses that jeopardize the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 646.10 Td (liquidation of the debt and are characterized by the distinct possibility that the company will sustain some loss if the weaknesses are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 634.10 Td (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 31.5 602.7669921875 m 55.376953125 602.7669921875 l s q 0 0 0 rg BT 31.50 604.10 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 602.7669921875 m 90.93359375 602.7669921875 l s q 0 0 0 rg BT 55.38 604.10 Td (Doubtful) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 586.10 Td (Doubtful ratings are assigned 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 31.50 574.10 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 31.50 562.10 Td (improbable. ) Tj ET Q q 0 0 0 rg BT 81.86 562.10 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 31.50 550.10 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 31.50 538.10 Td (exact status may be determined. Pending factors may include a proposed mer) Tj ET Q q 0 0 0 rg BT 340.11 538.10 Td (ger or acquisition, liquidation proceeding, capital injection, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 526.10 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 31.5 494.7669921875 m 60.376953125 494.7669921875 l s q 0 0 0 rg BT 31.50 496.10 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 494.7669921875 m 78.7216796875 494.7669921875 l s q 0 0 0 rg BT 60.38 496.10 Td (Loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 478.10 Td (The Bank 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 31.50 466.10 Td (warranted. ) Tj ET Q q 0 0 0 rg BT 78.42 466.10 Td (Amounts classified as loss are immediately char) Tj ET Q q 0 0 0 rg BT 270.97 466.10 Td (ged of) Tj ET Q q 0 0 0 rg BT 296.06 466.10 Td (f.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 442.10 Td (Risk ratings are not established for certain consumer loans, including home equity loans, manufactured housing, and installment loans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 430.10 Td (mainly because these portfolios consist of a lar) Tj ET Q q 0 0 0 rg BT 218.77 430.10 Td (ger number of homogeneous loans with smaller balances. Instead, these portfolios are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 418.10 Td (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 31.50 406.10 Td (classified as performing and nonperforming.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 382.10 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 239.49 382.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.08 382.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.52 382.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.52 382.10 Td ( for the loans receivable portfolio.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 306.60 77.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 109.00 306.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 154.00 306.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 158.00 306.60 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.00 306.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 306.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 306.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 306.60 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 306.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 306.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 306.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 306.60 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 306.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 306.60 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 306.60 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 306.60 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 306.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 532.00 306.60 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 282.60 77.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 109.00 282.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 154.00 282.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 158.00 282.60 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.00 282.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 282.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 282.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 282.60 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 282.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 282.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 282.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 282.60 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 282.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 282.60 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 282.60 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 282.60 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 282.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 532.00 282.60 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 258.60 77.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 109.00 258.60 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 154.00 258.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 158.00 258.60 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 207.00 258.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 211.00 258.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 262.00 258.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 266.00 258.60 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 316.00 258.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.00 258.60 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.00 258.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.00 258.60 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 421.00 258.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.00 258.60 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.00 258.60 5.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.00 258.60 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.00 258.60 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 532.00 258.60 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 109 358.6 m 154 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 154 358.6 m 158 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 358.6 m 207 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 207 358.6 m 211 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 358.6 m 262 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 358.6 m 266 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 358.6 m 316 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 316 358.6 m 320 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 358.6 m 371 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371 358.6 m 375 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 358.6 m 421 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 421 358.6 m 425 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 358.6 m 480 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480 358.6 m 485 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 358.6 m 528 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528 358.6 m 532 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 358.6 m 581 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 109 318.6 m 154 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 154 318.6 m 158 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 318.6 m 207 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 318.6 m 262 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 358.6 m 316 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 318.6 m 316 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 318.6 m 371 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 318.6 m 421 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 358.6 m 480 358.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 318.6 m 480 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 318.6 m 528 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 318.6 m 581 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 109 246.60000000000002 m 154 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 154 246.60000000000002 m 158 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 246.60000000000002 m 207 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 246.60000000000002 m 262 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 246.60000000000002 m 316 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 246.60000000000002 m 371 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 246.60000000000002 m 421 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 246.60000000000002 m 480 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 246.60000000000002 m 528 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 109 246.60000000000002 m 154 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 109 233.60000000000002 m 154 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 109 231.60000000000002 m 154 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 154 246.60000000000002 m 158 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 154 233.60000000000002 m 158 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 154 231.60000000000002 m 158 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 246.60000000000002 m 207 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 233.60000000000002 m 207 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 158 231.60000000000002 m 207 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 246.60000000000002 m 262 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 233.60000000000002 m 262 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 211 231.60000000000002 m 262 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 246.60000000000002 m 316 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 233.60000000000002 m 316 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 231.60000000000002 m 316 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 246.60000000000002 m 371 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 233.60000000000002 m 371 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320 231.60000000000002 m 371 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 246.60000000000002 m 421 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 233.60000000000002 m 421 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375 231.60000000000002 m 421 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 246.60000000000002 m 480 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 233.60000000000002 m 480 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 231.60000000000002 m 480 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 246.60000000000002 m 528 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 233.60000000000002 m 528 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485 231.60000000000002 m 528 231.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 246.60000000000002 m 581 246.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 233.60000000000002 m 581 233.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 532 231.60000000000002 m 581 231.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 70.00 362.85 Td () Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 314.25 362.72 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 322.85 Td () Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 120.75 330.22 Td (Multi-) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 120.75 322.72 Td (family) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 162.25 337.72 Td (Commer) Tj ET Q q 0 0 0 rg BT 190.43 337.72 Td (cial) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 175.95 330.22 Td (and) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 165.95 322.72 Td (Industrial) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 216.25 345.22 Td (Commer) Tj ET Q q 0 0 0 rg BT 244.43 345.22 Td (cial) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 217.75 337.72 Td (Real Estate ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 225.00 330.22 Td (Owner) Tj ET Q q 0 0 0 rg BT 246.94 330.22 Td ( ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 220.75 322.72 Td (Occupied) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 270.75 345.22 Td (Commer) Tj ET Q q 0 0 0 rg BT 298.93 345.22 Td (cial) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 272.25 337.72 Td (Real Estate ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 271.60 330.22 Td (Non-Owner) Tj ET Q q 0 0 0 rg BT 309.38 330.22 Td ( ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 275.25 322.72 Td (Occupied) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 323.95 322.72 Td (Construction) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 379.55 330.22 Td (Residential) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 379.25 322.72 Td (RealEstate) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 428.90 330.22 Td (Manufactured) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 438.65 322.72 Td (Housing) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 496.45 330.22 Td (Other) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 489.40 322.72 Td (Consumer) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 547.80 322.72 Td (Total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 34.50 310.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 34.50 298.21 Td (Pass/Satisfactory) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 111.50 298.34 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 116.60 298.34 Td (2,907,362) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 160.50 298.34 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 176.00 298.34 Td (784,892) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 213.50 298.34 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 231.00 298.34 Td (295,762) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 268.50 298.34 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 285.00 298.34 Td (950,886) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 322.50 298.34 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 344.25 298.34 Td (87,240) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 377.50 298.34 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 390.00 298.34 Td (268,210) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 427.50 298.34 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 468.15 298.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 487.50 298.34 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 516.15 298.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 534.50 298.34 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 543.60 298.34 Td (5,294,352) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 34.50 286.21 Td (Special Mention) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 137.90 286.34 Td (661) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 180.25 286.34 Td (14,052) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 239.50 286.34 Td (7,840) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 293.50 286.34 Td (1,671) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 359.15 286.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 404.90 286.34 Td (282) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 468.15 286.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 516.15 286.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 554.25 286.34 Td (24,506) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 34.50 274.21 Td (Substandard) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 131.50 274.34 Td (1,416) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 184.50 274.34 Td (4,215) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 239.50 274.34 Td (4,639) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 293.50 274.34 Td (3,698) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 359.15 274.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 398.50 274.34 Td (3,121) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 468.15 274.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 516.15 274.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 554.25 274.34 Td (17,089) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 34.50 262.21 Td (Performing \(1\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 142.15 262.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 195.15 262.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 250.15 262.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 304.15 262.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 359.15 262.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 409.15 262.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 449.00 262.34 Td (104,484) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 505.50 262.34 Td (3,461) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 550.00 262.34 Td (107,945) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 34.50 250.21 Td (Non-performing \(2\)) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 142.15 250.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 195.15 250.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 250.15 250.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 304.15 250.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 359.15 250.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 409.15 250.34 Td () Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 457.50 250.34 Td (9,006) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 511.90 250.34 Td (247) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 558.50 250.34 Td (9,253) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 52.50 238.34 Td (Total) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 111.50 236.94 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 116.60 236.94 Td (2,909,439) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 160.50 236.94 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 176.00 236.94 Td (803,159) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 213.50 236.94 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 231.00 236.94 Td (308,241) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 268.50 236.94 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 285.00 236.94 Td (956,255) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 322.50 236.94 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 344.25 236.94 Td (87,240) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 377.50 236.94 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 390.00 236.94 Td (271,613) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 427.50 236.94 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 449.00 236.94 Td (113,490) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 487.50 236.94 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 505.50 236.94 Td (3,708) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 534.50 236.94 Td ($) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 543.60 236.94 Td (5,453,145) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 31.50 218.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 31.00 144.20 77.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 144.20 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 144.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 144.20 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.00 144.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 144.20 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 144.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 144.20 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 144.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.00 144.20 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 144.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 144.20 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 144.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 144.20 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 144.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 144.20 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 144.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 144.20 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 31.00 120.20 77.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 120.20 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 120.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 120.20 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.00 120.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 120.20 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 120.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 120.20 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 120.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.00 120.20 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 120.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 120.20 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 120.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 120.20 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 120.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 120.20 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 120.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 120.20 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 31.00 96.20 77.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 108.00 96.20 45.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 153.00 96.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 157.00 96.20 49.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 206.00 96.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 210.00 96.20 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 261.00 96.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.00 96.20 50.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 315.00 96.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 319.00 96.20 51.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.00 96.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.00 96.20 46.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 420.00 96.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.00 96.20 55.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 96.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 483.00 96.20 43.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 526.00 96.20 4.00 -12.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 530.00 96.20 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 108 195.20000000000005 m 153 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153 195.20000000000005 m 157 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 195.20000000000005 m 206 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 195.20000000000005 m 210 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 195.20000000000005 m 261 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261 195.20000000000005 m 265 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 195.20000000000005 m 315 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 315 195.20000000000005 m 319 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 195.20000000000005 m 370 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 195.20000000000005 m 374 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 195.20000000000005 m 420 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420 195.20000000000005 m 424 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 195.20000000000005 m 479 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 195.20000000000005 m 483 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 195.20000000000005 m 526 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 526 195.20000000000005 m 530 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 195.20000000000005 m 580 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 195.20000000000005 m 153 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 157.20000000000005 m 153 157.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153 157.20000000000005 m 157 157.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 157.20000000000005 m 206 157.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 195.20000000000005 m 261 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 157.20000000000005 m 261 157.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 195.20000000000005 m 315 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 157.20000000000005 m 315 157.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 157.20000000000005 m 370 157.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 157.20000000000005 m 420 157.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 195.20000000000005 m 479 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 157.20000000000005 m 479 157.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 195.20000000000005 m 526 195.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 157.20000000000005 m 526 157.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 157.20000000000005 m 580 157.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 84.20000000000005 m 153 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153 84.20000000000005 m 157 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 84.20000000000005 m 206 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 84.20000000000005 m 261 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 84.20000000000005 m 315 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 84.20000000000005 m 370 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 84.20000000000005 m 420 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 84.20000000000005 m 479 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 84.20000000000005 m 526 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 84.20000000000005 m 153 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 73.20000000000005 m 153 73.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 108 71.20000000000005 m 153 71.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153 84.20000000000005 m 157 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153 73.20000000000005 m 157 73.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 153 71.20000000000005 m 157 71.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 84.20000000000005 m 206 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 73.20000000000005 m 206 73.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 157 71.20000000000005 m 206 71.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 84.20000000000005 m 261 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 73.20000000000005 m 261 73.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210 71.20000000000005 m 261 71.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 84.20000000000005 m 315 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 73.20000000000005 m 315 73.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 265 71.20000000000005 m 315 71.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 84.20000000000005 m 370 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 73.20000000000005 m 370 73.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 319 71.20000000000005 m 370 71.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 84.20000000000005 m 420 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 73.20000000000005 m 420 73.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 71.20000000000005 m 420 71.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 84.20000000000005 m 479 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 73.20000000000005 m 479 73.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 71.20000000000005 m 479 71.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 84.20000000000005 m 526 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 73.20000000000005 m 526 73.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 71.20000000000005 m 526 71.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 84.20000000000005 m 580 84.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 73.20000000000005 m 580 73.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 530 71.20000000000005 m 580 71.20000000000005 l s BT /F1 7.50 Tf ET q 0 0 0 rg BT 69.00 199.35 Td () Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 313.25 199.32 Td (December 31, 2014) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 33.50 161.35 Td () Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 119.75 168.82 Td (Multi-) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 119.75 161.32 Td (family) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 161.25 176.32 Td (Commer) Tj ET Q q 0 0 0 rg BT 189.43 176.32 Td (cial) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 174.95 168.82 Td (and) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 164.95 161.32 Td (Industrial) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 215.25 183.82 Td (Commer) Tj ET Q q 0 0 0 rg BT 243.43 183.82 Td (cial) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 216.75 176.32 Td (Real Estate ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 224.00 168.82 Td (Owner) Tj ET Q q 0 0 0 rg BT 245.94 168.82 Td ( ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 219.75 161.32 Td (Occupied) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 269.75 183.82 Td (Commer) Tj ET Q q 0 0 0 rg BT 297.93 183.82 Td (cial) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 271.25 176.32 Td (Real Estate ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 270.60 168.82 Td (Non-Owner) Tj ET Q q 0 0 0 rg BT 308.38 168.82 Td ( ) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 274.25 161.32 Td (Occupied) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 322.95 161.32 Td (Construction) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 378.55 168.82 Td (Residential) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 378.25 161.32 Td (RealEstate) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 427.90 168.82 Td (Manufactured) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 437.65 161.32 Td (Housing) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 494.45 168.82 Td (Other) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 487.40 161.32 Td (Consumer) Tj ET Q BT /F2 7.50 Tf ET q 0 0 0 rg BT 546.30 161.32 Td (Total) Tj ET Q BT /F1 7.50 Tf ET q 0 0 0 rg BT 33.50 148.35 Td (\(amounts in thousands\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 135.81 Td (Pass/Satisfactory) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 110.50 135.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 115.60 135.81 Td (2,206,776) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 159.50 135.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 175.00 135.81 Td (531,790) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 212.50 135.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 230.00 135.81 Td (217,356) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 267.50 135.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 284.00 135.81 Td (829,238) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 321.50 135.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 343.25 135.81 Td (44,642) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 376.50 135.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 389.00 135.81 Td (294,225) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 426.50 135.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 467.15 135.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 485.50 135.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 514.15 135.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 532.50 135.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 542.60 135.81 Td (4,124,027) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 123.81 Td (Special Mention) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 141.15 123.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 179.25 123.81 Td (14,565) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 234.25 123.81 Td (13,056) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 292.50 123.81 Td (6,694) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 358.15 123.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 403.90 123.81 Td (243) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 467.15 123.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 514.15 123.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 553.25 123.81 Td (34,558) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 111.81 Td (Substandard) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 130.50 111.81 Td (1,629) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 183.50 111.81 Td (3,580) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 238.50 111.81 Td (5,322) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 292.50 111.81 Td (3,378) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 347.50 111.81 Td (5,076) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 397.50 111.81 Td (2,927) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 467.15 111.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 514.15 111.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 553.25 111.81 Td (21,912) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 99.81 Td (Performing \(1\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 141.15 99.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 194.15 99.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 249.15 99.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 303.15 99.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 358.15 99.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 408.15 99.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 448.00 99.81 Td (115,088) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 503.50 99.81 Td (4,151) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 549.00 99.81 Td (119,239) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 33.50 87.81 Td (Non-performing \(2\)) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 141.15 87.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 194.15 87.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 249.15 87.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 303.15 87.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 358.15 87.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 408.15 87.81 Td () Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 452.25 87.81 Td (11,643) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 509.90 87.81 Td (282) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 553.25 87.81 Td (11,925) Tj ET Q BT /F2 8.50 Tf ET q 0 0 0 rg BT 51.50 75.94 Td (Total) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 110.50 75.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 115.60 75.81 Td (2,208,405) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 159.50 75.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 175.00 75.81 Td (549,935) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 212.50 75.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 230.00 75.81 Td (235,734) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 267.50 75.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 284.00 75.81 Td (839,310) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 321.50 75.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 343.25 75.81 Td (49,718) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 376.50 75.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 389.00 75.81 Td (297,395) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 426.50 75.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 448.00 75.81 Td (126,731) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 485.50 75.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 503.50 75.81 Td (4,433) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 532.50 75.81 Td ($) Tj ET Q BT /F1 8.50 Tf ET q 0 0 0 rg BT 542.60 75.81 Td (4,311,661) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 46.30 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 46.30 Td (Includes consumer and other installment loans not subject to risk ratings.) Tj ET Q endstream endobj 245 0 obj <>] /Rotate 0 /Contents 246 0 R>> endobj 246 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 30.45 742.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.95 742.10 Td (Includes loans that are past due and still accruing interest and loans on non-accrual status.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 718.10 Td (As of December31, 2015, the Bank had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.79 718.10 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.68 718.10 Td ( of residential real estate held in other real estate owned. ) Tj ET Q q 0 0 0 rg BT 473.31 718.10 Td (As of December 31, 2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 706.10 Td (the Bank initiated foreclosure proceedings on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.88 706.10 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.78 706.10 Td ( in loans secured by residential real estate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 676.10 Td (During second quarter 2015, the Bank refined its methodology for estimating the general allowance for loan losses. Previously) Tj ET Q q 0 0 0 rg BT 537.67 676.10 Td (, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 664.10 Td (general allowance for the portion of the loan portfolio originated after December 31, 2009 \("Post 2009 loan portfolio"\) was based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 652.10 Td (generally on qualitative factors due to insuf) Tj ET Q q 0 0 0 rg BT 205.15 652.10 Td (ficient historical loss data on the portfolio. During second quarter 2015, the Bank began ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 640.10 Td (using objectively verifiable industry and peer loss data to estimate probable incurred losses as of the balance sheet date for the Post 2009 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 628.10 Td (loan portfolio until suf) Tj ET Q q 0 0 0 rg BT 121.59 628.10 Td (ficient internal loss history is available. ) Tj ET Q q 0 0 0 rg BT 281.09 628.10 Td (The same methodology was also adopted for the portion of the loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 616.10 Td (portfolio originated on or before December 31, 2009 \("Legacy loan portfolio"\) that had no loss history over the past two years.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 592.10 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 291.40 592.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.99 592.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.42 592.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.42 592.10 Td ( and the loans and allowance for loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 580.10 Td (losses by loan class based on impairment evaluation method are as follows. ) Tj ET Q q 0 0 0 rg BT 335.42 580.10 Td (The amounts presented for the provision for loan losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 568.10 Td (below do not include the ef) Tj ET Q q 0 0 0 rg BT 140.46 568.10 Td (fect of changes to estimated benefits resulting from the FDIC loss share arrangements for the covered loans.) 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188.75 683.73 Td (2,674) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.50 683.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.75 683.73 Td (2,517) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.50 683.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.75 683.73 Td (8,961) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 683.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.75 683.73 Td (2,385) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.50 683.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.75 683.73 Td (2,490) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.50 683.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.80 683.73 Td (614) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.50 683.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.80 683.73 Td (130) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.50 683.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.75 683.73 Td (23,998) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 671.45 Td (Charge-offs) Tj ET Q BT /F2 8.00 Tf ET 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292.75 636.73 Td (1,151) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.10 636.73 Td (\(456) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 364.80 636.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 636.73 Td (610) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.10 636.73 Td (\(352) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 474.80 636.73 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.80 636.73 Td (9) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.75 636.73 Td (10,058) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 624.45 Td (Ending Balance, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 616.45 Td (December31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.50 615.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 136.75 615.73 Td (8,493) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.50 615.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.75 615.73 Td (4,784) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.50 615.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.75 615.73 Td (4,336) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.50 615.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.75 615.73 Td (9,198) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 615.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.75 615.73 Td (1,047) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.50 615.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.75 615.73 Td (2,698) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.50 615.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.80 615.73 Td (262) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.50 615.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.80 615.73 Td (114) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.50 615.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.75 615.73 Td (30,932) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 603.58 Td (Loans:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 590.45 Td (Individually) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 582.45 Td (evaluated for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 574.45 Td (impairment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.50 573.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 146.80 573.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.50 573.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 184.75 573.73 Td (16,523) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.50 573.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.75 573.73 Td (13,349) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.50 573.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.75 573.73 Td (6,173) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 573.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.75 573.73 Td (2,325) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.50 573.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.75 573.73 Td (4,040) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.50 573.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 456.80 573.73 Td (2,588) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.50 573.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 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rg BT 180.75 507.73 Td (549,935) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.50 507.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 232.75 507.73 Td (235,734) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.50 507.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 284.75 507.73 Td (839,310) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 507.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 342.75 507.73 Td (49,718) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.50 507.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.75 507.73 Td (297,395) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.50 507.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.75 507.73 Td (126,731) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.50 507.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.75 507.73 Td (4,433) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.50 507.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 545.75 507.73 Td (4,311,661) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 495.58 Td (Allowance for loan) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 34.50 487.58 Td (losses:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 474.45 Td (Individually) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 466.45 Td (evaluated for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 458.45 Td (impairment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.50 459.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 146.80 459.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.50 459.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 194.80 459.73 Td (857) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.50 459.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 250.80 459.73 Td (95) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.50 459.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.80 459.73 Td (170) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 459.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.80 459.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.50 459.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.80 459.73 Td (188) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.50 459.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.80 459.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.50 459.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.80 459.73 Td (32) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.50 459.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.75 459.73 Td (1,342) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 447.45 Td (Collectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 439.45 Td (evaluated for) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 431.45 Td (impairment) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 136.75 431.73 Td (8,493) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.75 431.73 Td (3,765) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.75 431.73 Td (1,757) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.75 431.73 Td (6,580) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.80 431.73 Td (424) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.75 431.73 Td (1,436) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.80 431.73 Td (92) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.80 431.73 Td (28) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.75 431.73 Td (22,575) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 419.45 Td (Loans acquired) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 411.45 Td (with credit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 403.45 Td (deterioration) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 146.80 404.73 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 194.80 404.73 Td (162) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.75 404.73 Td (2,484) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.75 404.73 Td (2,448) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 352.80 404.73 Td (623) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.75 404.73 Td (1,074) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.80 404.73 Td (170) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.80 404.73 Td (54) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 559.75 404.73 Td (7,015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 112.50 391.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 136.75 391.73 Td (8,493) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 164.50 391.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 188.75 391.73 Td (4,784) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 216.50 391.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 240.75 391.73 Td (4,336) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.50 391.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.75 391.73 Td (9,198) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.50 391.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.75 391.73 Td (1,047) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 374.50 391.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.75 391.73 Td (2,698) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 426.50 391.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 462.80 391.73 Td (262) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 484.50 391.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.80 391.73 Td (114) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 536.50 391.73 Td ($) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 555.75 391.73 Td (30,932) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 364.00 Td (The manufactured housing portfolio was purchased in ) Tj ET Q q 0 0 0 rg BT 249.50 364.00 Td (August 2010.) Tj ET Q q 0 0 0 rg BT 305.34 364.00 Td (A) Tj ET Q q 0 0 0 rg BT 312.01 364.00 Td ( portion of the purchase price may be used to reimburse the Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 352.00 Td (under the specified terms in the Purchase ) Tj ET Q q 0 0 0 rg BT 197.84 352.00 Td (Agreement for defaults of the underlying borrower and other specified items.) Tj ET Q q 0 0 0 rg BT 508.29 352.00 Td (At December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 340.00 Td (2015 and 2014, funds available for reimbursement, if necessary) Tj ET Q q 0 0 0 rg BT 285.22 340.00 Td (, were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.14 340.00 Td ($1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.04 340.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.47 340.00 Td ($3.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.37 340.00 Td (, respectively) Tj ET Q q 0 0 0 rg BT 482.03 340.00 Td (. Each quarter) Tj ET Q q 0 0 0 rg BT 537.43 340.00 Td (, these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 328.00 Td (funds are evaluated to determine ifthey would be suf) Tj ET Q q 0 0 0 rg BT 244.30 328.00 Td (ficient to absorb probable losses within the manufactured housing portfolio.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 316.00 Td (The changes in accretable yield related to purchased-credit-impaired loans for the three and nine months ended September 30,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 304.00 Td (2015 and 2014 were as follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 280.00 Td (The changes in accretable yield related to purchased-credit-impaired loans for the years ended December 31, 2015, 2014 and 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 31.50 268.00 Td (were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 218.50 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 218.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 218.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 218.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 218.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 218.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 32.00 188.50 309.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.00 188.50 65.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.00 188.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.00 188.50 65.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.00 188.50 4.00 -18.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.00 188.50 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 341 244.5 m 406 244.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406 244.5 m 410 244.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 244.5 m 475 244.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 244.5 m 479 244.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 244.5 m 544 244.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 231.5 m 406 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 231.5 m 475 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 231.5 m 544 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 231.5 m 406 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 231.5 m 475 231.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 170.5 m 406 170.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 170.5 m 475 170.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 170.5 m 544 170.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 156.5 m 406 156.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341 154.5 m 406 154.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 156.5 m 475 156.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 154.5 m 475 154.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 156.5 m 544 156.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479 154.5 m 544 154.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 248.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.75 248.73 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 235.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.00 235.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 434.00 235.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 503.00 235.73 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 34.50 222.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 209.07 Td (Accretable yield balance, beginning of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.50 208.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.65 208.18 Td (17,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 208.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 208.17 Td (22,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 208.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 208.17 Td (32,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 194.07 Td (Accretion to interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.30 193.23 Td (\(2,299) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 193.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 193.22 Td (\(3,201) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 193.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 193.22 Td (\(6,213) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 193.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 179.07 Td (Reclassification from nonaccretable difference and disposals, net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.30 175.23 Td (\(2,360) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.15 175.18 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 175.22 Td (\(1,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 175.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 175.22 Td (\(3,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 175.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 34.50 161.07 Td (Accretable yield balance, end of period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 343.50 160.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.65 160.18 Td (12,947) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.50 160.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.65 160.17 Td (17,606) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 160.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.65 160.17 Td (22,557) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 249 0 obj <>] /Rotate 0 /Contents 250 0 R>> endobj 250 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (123) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE9 BANK PREMISES ) Tj ET Q q 0 0 0 rg BT 180.30 742.25 Td (AND EQUIPMENT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 724.25 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 273.00 724.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.58 724.25 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.02 724.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.02 724.25 Td ( were as follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 709.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 660.35 296.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 660.35 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 660.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 660.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 660.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 660.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 630.35 296.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 630.35 78.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 630.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 630.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 630.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 630.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 600.35 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 600.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 600.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 600.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 600.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 570.35 374.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 570.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 570.35 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 570.35 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 570.35 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 428.5 686.35 m 493.5 686.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 686.35 m 497.5 686.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 686.35 m 562.5 686.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 673.35 m 424.5 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 673.35 m 493.5 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 673.35 m 562.5 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 673.35 m 424.5 673.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 600.35 m 493.5 600.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 600.35 m 562.5 600.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 570.35 m 493.5 570.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 570.35 m 562.5 570.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 556.35 m 493.5 556.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 554.35 m 493.5 554.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 556.35 m 562.5 556.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 554.35 m 562.5 554.35 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 690.60 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.00 690.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.75 690.58 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 677.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.40 677.58 Td (ExpectedUsefulLife) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 677.58 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 677.58 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 664.60 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 650.92 Td (Leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 650.02 Td (3 to 25 years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 650.03 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 650.03 Td (12,531) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 650.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 650.02 Td (11,680) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 635.92 Td (Furniture, fixtures and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 635.02 Td (5 to 10 years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 635.03 Td (5,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 635.02 Td (4,504) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 620.92 Td (IT equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.80 620.02 Td (3 to 5 years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 620.03 Td (5,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 620.02 Td (4,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 605.92 Td (Automobiles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 605.02 Td (5 to 10 years) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 605.03 Td (206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 605.02 Td (174) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 590.03 Td (23,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 590.02 Td (21,054) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 575.92 Td (Accumulated depreciation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.80 575.63 Td (\(12,427) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 575.58 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 575.52 Td (\(10,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 575.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 560.92 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 560.03 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 560.03 Td (11,531) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 560.02 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 560.02 Td (10,810) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 531.85 Td (Future minimum rental commitments under non-cancelable leases were as follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 517.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 480.95 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 480.95 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 480.95 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 450.95 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 450.95 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 450.95 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 420.95 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 420.95 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 420.95 84.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 390.95 345.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 390.95 83.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 478.50 390.95 84.00 -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 395.5 493.95 m 478.5 493.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 493.95 m 478.5 493.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 390.95 m 478.5 390.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 376.95 m 478.5 376.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 374.95 m 478.5 374.95 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 498.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 404.25 498.18 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 485.20 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 471.52 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.00 470.63 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 470.63 Td (3,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 456.52 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 455.63 Td (3,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 441.52 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 440.63 Td (3,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 426.52 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 425.63 Td (2,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 411.52 Td (2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 410.63 Td (1,994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 396.52 Td (Subsequent to 2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 452.15 395.63 Td (3,258) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 381.52 Td (Total minimum payments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.00 380.63 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 447.15 380.63 Td (19,051) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.45 Td (Rent expense was approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.40 352.45 Td ($3.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.30 352.45 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.30 352.45 Td ($3.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.19 352.45 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.63 352.45 Td ($2.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.52 352.45 Td ( for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.87 352.45 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.45 352.45 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.45 352.45 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.45 352.45 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.45 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 340.45 Td (, respectively) Tj ET Q q 0 0 0 rg BT 122.66 340.45 Td (. Customers' leases are for land and branch or of) Tj ET Q q 0 0 0 rg BT 315.33 340.45 Td (fice space. ) Tj ET Q q 0 0 0 rg BT 359.47 340.45 Td (A) Tj ET Q q 0 0 0 rg BT 366.14 340.45 Td ( majority of the leases provide for the payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.45 Td (of taxes, maintenance, insurance and certain other expenses applicable to the leased premises. Many of the leases contain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.45 Td (extension provisions and escalation clauses. ) Tj ET Q q 0 0 0 rg BT 228.11 316.45 Td (These leases are generally renewable and may) Tj ET Q q 0 0 0 rg BT 412.36 316.45 Td (, in certain cases, contain renewal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.45 Td (provisions and options to expand and contract space and terminate the leases at predetermined contractual dates. In addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.45 Td (escalation clauses may exist, which are tied to a predetermined rate or may change based on a specified percentage increase or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.45 Td (the Consumer Price Index.) Tj ET Q endstream endobj 251 0 obj <>] /Rotate 0 /Contents 252 0 R>> endobj 252 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (124) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (NOTE10 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, 2015) 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 (2014) 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 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 492.5 689.75 m 496.5 689.75 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 492.5 689.75 m 496.5 689.75 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 /F2 8.00 Tf ET q 0 0 0 rg BT 471.25 705.83 Td (December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 693.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.00 693.83 Td (2014) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 430.00 668.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.15 668.43 Td (653,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 668.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 668.32 Td (546,436) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 456.15 654.43 Td (127,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 654.32 Td (71,202) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 448.65 640.43 Td (2,781,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 640.32 Td (2,203,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 626.32 Td (Time, $100,000 and over) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.65 626.43 Td (1,624,562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.65 626.32 Td (1,043,265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 612.32 Td (Time, other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.15 612.43 Td (723,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 612.32 Td (668,398) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 598.32 Td (Total deposits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 430.00 598.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 448.65 598.43 Td (5,909,501) 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 (4,532,538) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 567.85 Td (T) Tj ET Q q 0 0 0 rg BT 55.76 567.85 Td (ime deposits scheduled maturities at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.22 567.85 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.81 567.85 Td ( were as follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 349.84 567.85 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 522.35 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 522.35 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 494.35 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 494.35 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 466.35 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 466.35 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 486.5 534.35 m 562.5 534.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 452.35 m 562.5 452.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 439.35 m 562.5 439.35 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 437.35 m 562.5 437.35 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 538.60 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 491.75 538.58 Td (December 31, 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 526.30 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 512.92 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.00 513.03 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 513.03 Td (1,799,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 498.92 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 499.03 Td (312,813) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 484.92 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.15 485.03 Td (135,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 470.92 Td (2019) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 471.03 Td (53,591) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 456.92 Td (2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 457.03 Td (45,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 442.92 Td (Total time deposits) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.00 443.03 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.65 443.03 Td (2,347,597) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.85 Td (The aggregate amount of demand deposit overdrafts that were reclassified as loans were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.14 414.85 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.03 414.85 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.25 414.85 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.83 414.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.85 Td (compared to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.20 402.85 Td ($0.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.09 402.85 Td ( as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.25 402.85 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.84 402.85 Td (. ) Tj ET Q q 0 0 0 rg BT 258.66 402.85 Td (T) Tj ET Q q 0 0 0 rg BT 264.41 402.85 Td (ime deposits greater than $250,000 totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.87 402.85 Td ($920.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.76 402.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.20 402.85 Td ($365.4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 390.85 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.11 390.85 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.69 390.85 Td ( and 2014, respectively) Tj ET Q q 0 0 0 rg BT 261.79 390.85 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 366.85 Td (Included in the savings balances above were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.21 366.85 Td ($815.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.10 366.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.54 366.85 Td ($632.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.43 366.85 Td ( of brokered money market deposits as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.85 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 354.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 354.85 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 354.85 Td (, respectively) Tj ET Q q 0 0 0 rg BT 220.68 354.85 Td (. ) Tj ET Q q 0 0 0 rg BT 225.13 354.85 Td (Also, included in time, other balances above were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.29 354.85 Td ($612.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.18 354.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.62 354.85 Td ($483.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.85 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 342.85 Td ( of brokered time deposits, respectively) Tj ET Q q 0 0 0 rg BT 235.97 342.85 Td (, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.63 342.85 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.22 342.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 342.85 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 342.85 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 312.85 Td (NOTE1) Tj ET Q q 0 0 0 rg BT 85.29 312.85 Td (1 BORROWINGS) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 294.85 Td (Short-term debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.85 Td (Short-term debt at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.26 276.85 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.84 276.85 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.28 276.85 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.28 276.85 Td ( was as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 206.35 242.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 206.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 206.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 206.35 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 206.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 206.35 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 206.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 206.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 178.35 242.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 292.50 178.35 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 178.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 361.50 178.35 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 425.50 178.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 429.50 178.35 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 178.35 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 178.35 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 292.5 242.35000000000002 m 357.5 242.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 242.35000000000002 m 361.5 242.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 242.35000000000002 m 425.5 242.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425.5 242.35000000000002 m 429.5 242.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 242.35000000000002 m 493.5 242.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 242.35000000000002 m 497.5 242.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 242.35000000000002 m 562.5 242.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 230.35000000000002 m 357.5 230.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 230.35000000000002 m 361.5 230.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 230.35000000000002 m 425.5 230.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 230.35000000000002 m 493.5 230.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 230.35000000000002 m 497.5 230.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 230.35000000000002 m 562.5 230.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 218.35000000000002 m 357.5 218.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 361.5 218.35000000000002 m 425.5 218.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 218.35000000000002 m 493.5 218.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 218.35000000000002 m 562.5 218.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 178.35000000000002 m 357.5 178.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 178.35000000000002 m 493.5 178.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 165.35000000000002 m 357.5 165.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292.5 163.35000000000002 m 357.5 163.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 165.35000000000002 m 493.5 165.35000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429.5 163.35000000000002 m 493.5 163.35000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 246.30 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 403.75 246.43 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 234.30 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 350.50 234.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.50 234.43 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 222.30 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 310.45 222.43 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.00 222.43 Td (Rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.95 222.43 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 222.43 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 210.30 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 196.92 Td (FHLB advances) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.00 197.03 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.65 197.03 Td (1,365,300) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.50 197.03 Td (0.48) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 415.00 197.03 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 196.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 196.92 Td (1,298,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 196.92 Td (0.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 196.92 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 182.92 Td (Federal funds purchased) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 326.15 183.03 Td (70,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 397.50 183.03 Td (0.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 182.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 182.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 168.92 Td (Total short-term debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 295.00 169.03 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 313.65 169.03 Td (1,435,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.00 168.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 168.92 Td (1,298,000) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 253 0 obj <>] /Rotate 0 /Contents 254 0 R>> endobj 254 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 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 /F2 8.00 Tf ET q 0 0 0 rg BT 437.25 723.68 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 /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 711.68 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.50 711.55 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 711.55 Td (2013) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 672.28 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.00 672.28 Td (1,365,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 672.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.60 672.17 Td (1,383,000) 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 521.15 672.17 Td (769,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 658.17 Td (Average balance during the year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 381.50 658.28 Td (844,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 658.17 Td (898,396) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 658.17 Td (120,309) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 644.17 Td (Weighted-average interest rate during the year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.50 644.28 Td (0.60) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.00 644.28 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 644.17 Td (0.46) 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 (0.55) 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 /F2 10.00 Tf ET q 0 0 0 rg BT 386.50 616.28 Td (85,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 616.17 Td (35,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 616.17 Td (125,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 602.17 Td (Average balance during the year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.50 602.28 Td (41,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 602.17 Td (13,312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 602.17 Td (32,351) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 588.17 Td (Weighted-average interest rate during the year) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.50 588.28 Td (0.35) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.00 588.28 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 588.17 Td (0.31) 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 (0.31) 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, 2015) 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 (2014) 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 ($175 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.71 560.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 560.10 Td ($95.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 548.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 548.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 131.55 548.10 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 50.00 506.10 Td (FHLB advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 488.10 Td (The contractual maturities of long-term advances from the FHLB were as follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 473.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 415.20 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 415.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 415.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 415.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 415.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 415.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 415.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 415.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 387.20 240.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 387.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 387.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 387.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 387.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 387.20 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 387.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 387.20 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 290.5 451.2 m 355.5 451.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 451.2 m 359.5 451.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 451.2 m 424.5 451.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 451.2 m 428.5 451.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 451.2 m 493.5 451.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 451.2 m 497.5 451.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 451.2 m 562.5 451.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 439.2 m 355.5 439.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 439.2 m 359.5 439.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 439.2 m 424.5 439.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 439.2 m 493.5 439.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 439.2 m 497.5 439.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 439.2 m 562.5 439.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 427.2 m 355.5 427.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 427.2 m 424.5 427.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 427.2 m 493.5 427.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 427.2 m 562.5 427.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 373.2 m 355.5 373.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 373.2 m 493.5 373.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 360.2 m 355.5 360.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 358.2 m 355.5 358.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 360.2 m 493.5 360.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 358.2 m 493.5 358.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 455.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 402.75 455.28 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 443.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 349.00 443.28 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.00 443.28 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 431.15 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 308.45 431.28 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 431.28 Td (Rate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.45 431.28 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 431.28 Td (Rate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 419.15 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 405.93 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 405.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 341.65 405.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.00 405.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.00 405.88 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 405.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 405.77 Td (85,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 405.77 Td (0.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 405.77 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 391.93 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 391.88 Td (205,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.50 391.88 Td (1.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 391.77 Td (180,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 391.77 Td (1.21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 377.93 Td (2018) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 377.88 Td (55,000) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.50 377.88 Td (1.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 377.77 Td (55,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 377.77 Td (1.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 363.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 319.15 363.88 Td (260,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 363.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 363.77 Td (320,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.70 Td (Of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.77 335.70 Td ($260 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.16 335.70 Td ( of long-term advances enumerated above, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.59 335.70 Td ($250.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.48 335.70 Td ( are fixed rate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.70 Td (The Bank 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 410.73 311.70 Td ($3.7 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.85 311.70 Td ( and with the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.70 Td (Reserve Bank of Philadelphia of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.47 299.70 Td ($59.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.36 299.70 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.57 299.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.16 299.70 Td (.) Tj ET Q q 0 0 0 rg BT 331.98 299.70 Td (The Bank had a total borrowing capacity with the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.70 Td (Federal Home Loan Bank of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.91 287.70 Td ($3.2 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.02 287.70 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 432.41 287.70 Td ($62.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.30 287.70 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.52 287.70 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 275.70 Td (. ) Tj ET Q q 0 0 0 rg BT 74.45 275.70 Td (Amounts can be borrowed as short-term or long-term. ) Tj ET Q q 0 0 0 rg BT 292.45 275.70 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.89 275.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.48 275.70 Td (, advances under these arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.70 Td (were secured by certain assets, which included a blanket lien on securities of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.33 263.70 Td ($257.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.22 263.70 Td ( and qualifying loans of Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.70 Td (Bank of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.44 251.70 Td ($3.5 billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.55 251.70 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 221.70 Td (Senior notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.70 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 404.63 203.70 Td ($25.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.52 203.70 Td ( of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.85 203.70 Td (4.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.68 203.70 Td ( senior notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.70 Td (due 2019. Interest is paid semi-annually in arrears in June and December) Tj ET Q q 0 0 0 rg BT 341.02 191.70 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.70 Td (In July and ) Tj ET Q q 0 0 0 rg BT 96.39 173.70 Td (August 2013, the Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.37 173.70 Td ($63.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.26 173.70 Td ( in aggregate principal amount of senior notes due 2018. ) Tj ET Q q 0 0 0 rg BT 513.08 173.70 Td (The notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.70 Td (bear interest at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.36 161.70 Td (6.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.19 161.70 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 50.00 143.70 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 50.00 125.70 Td (Subor) Tj ET Q q 0 0 0 rg BT 73.52 125.70 Td (dinated debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 107.70 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 391.86 107.70 Td ($1) Tj ET Q q 0 0 0 rg BT 401.49 107.70 Td (10.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.38 107.70 Td ( of fixed-to-floating rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 95.70 Td (subordinated notes due 2029. ) Tj ET Q q 0 0 0 rg BT 169.52 95.70 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 419.15 95.70 Td (6.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.98 95.70 Td ( until June 26, 2024, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 83.70 Td (interest is paid semiannually) Tj ET Q q 0 0 0 rg BT 163.49 83.70 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 71.70 Td (LIBOR plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.67 71.70 Td (344.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.17 71.70 Td ( basis points until maturity on June 26, 2029. ) Tj ET Q q 0 0 0 rg BT 306.48 71.70 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 59.70 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 59.70 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.54 59.70 Td ( of the principal balance at certain times on or after June 26, 2024.) Tj ET Q endstream endobj 255 0 obj <>] /Rotate 0 /Contents 256 0 R>> endobj 256 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 50.00 742.10 Td (The subordinated notes qualify as ) Tj ET Q q 0 0 0 rg BT 187.29 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 193.04 742.10 Td (ier 2 capital for regulatory capital purposes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (NOTE12 SHAREHOLDERS) Tj ET Q q 0 0 0 rg BT 186.78 694.10 Td ( EQUITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.10 Td (On May 18, 2015, Customers Bancorp issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.71 664.10 Td (2,300,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.71 664.10 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 50.00 652.10 Td (Stock, Series C, par value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.81 652.10 Td ($1.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.31 652.10 Td ( per share, with a liquidation preference of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.74 652.10 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.24 652.10 Td ( per share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Customers Bancorp will pay dividends on the Series C Preferred Stock only when, as, and if declared by the board of directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (or a duly authorized committee of the board and to the extent that it has lawfully available funds to pay dividends. Dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 Td (on the Series C Preferred Stock will accrue and be payable quarterly in arrears, on the 15th day of March, June, September) Tj ET Q q 0 0 0 rg BT 540.54 598.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (December of each year) Tj ET Q q 0 0 0 rg BT 142.04 586.10 Td (, commencing on September 15, 2015, at a fixed rate per annum equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.56 586.10 Td (7.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.39 586.10 Td ( from the original issue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (date to, but excluding, June 15, 2020, and thereafter at a floating rate per annum equal to three-month LIBOR on the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (dividend determination date plus a spread of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.22 562.10 Td (5.30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.05 562.10 Td ( per annum.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (Dividends on the Series C Preferred Stock will not be cumulative. If Customers Bancorp's board of directors or a duly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (authorized committee of the board does not declare a dividend on the Series C Preferred Stock in respect of a dividend period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (then no dividend shall be deemed to have accrued for such dividend period, be payable on the applicable dividend payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (date, or be cumulative, and Customers Bancorp will have no obligation to pay any dividend for that dividend period, whether or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (not the board of directors or a duly authorized committee of the board declares a dividend on the Series C Preferred Stock for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (any future dividend period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (The Series C Preferred Stock has no stated maturity) Tj ET Q q 0 0 0 rg BT 256.52 442.10 Td (, is not subject to any mandatory redemption, sinking fund or other similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (provisions and will remain outstanding unless redeemed at Customers Bancorp's option. Customers Bancorp may redeem the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (Series C Preferred Stock at its option, at a redemption price equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.92 418.10 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.42 418.10 Td ( per share, plus any declared and unpaid dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (\(without regard to any undeclared dividends\), \(i\) in whole or in part, from time to time, on any dividend payment date on or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (after June 15, 2020 or \(ii\) in whole but not in part, within 90 days following the occurrence of a regulatory capital treatment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (event. ) Tj ET Q q 0 0 0 rg BT 76.10 382.10 Td (Any redemption of the Series C Preferred Stock is subject to prior approval of the Board of Governors of the Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (Reserve System. ) Tj ET Q q 0 0 0 rg BT 118.97 370.10 Td (The Series C Preferred Stock qualifies as ) Tj ET Q q 0 0 0 rg BT 285.69 370.10 Td (T) Tj ET Q q 0 0 0 rg BT 291.45 370.10 Td (ier 1 capital under regulatory capital guidelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Except in limited circumstances, the Series C Preferred Stock does not have any voting rights.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (On ) Tj ET Q q 0 0 0 rg BT 64.17 310.10 Td (August 24, 2015, Customers Bancorp's board of directors declared 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 50.00 298.10 Td ($0.56875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 298.10 Td ( per share. ) Tj ET Q q 0 0 0 rg BT 131.19 298.10 Td (The dividend was paid on September 15, 2015 to shareholders of record on ) Tj ET Q q 0 0 0 rg BT 433.89 298.10 Td (August 31, 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (On November 17, 2015, Customers Bancorp's board of directors declared 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 50.00 262.10 Td ($0.4375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 262.10 Td ( per share. ) Tj ET Q q 0 0 0 rg BT 126.19 262.10 Td (The dividend was paid on December 15, 2015 to shareholders of record on November 30, 2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (In May 2014, the Bancorp announced that its Board of Directors had declared a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.73 232.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.06 232.10 Td ( stock dividend to all shareholders of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (record as of May 27, 2014. ) Tj ET Q q 0 0 0 rg BT 160.35 220.10 Td (This special dividend was paid on June 30, 2014 in the form of an aggregate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.88 220.10 Td (2,429,375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.88 220.10 Td ( additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (In November 2013, the Bancorp announced that its Board of Directors had authorized a stock repurchase plan in which it could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (acquire up to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.70 166.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.03 166.10 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 349.62 166.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.95 166.10 Td ( premium over the current book value. ) Tj ET Q q 0 0 0 rg BT 523.83 166.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (repurchase program may be suspended, modified or discontinued at any time, and the Bancorp has no obligation to repurchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (any amount of its common stock under the program. ) Tj ET Q q 0 0 0 rg BT 262.00 142.10 Td (There was no stock repurchased during 2015 or 2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 118.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 118.10 Td (, there were warrants outstanding to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.91 118.10 Td (627,673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.41 118.10 Td ( shares of the Bancorp) Tj ET Q q 0 0 0 rg BT 449.60 118.10 Td (s common stock. ) Tj ET Q q 0 0 0 rg BT 519.04 118.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 106.10 Td (, there were warrants outstanding to purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.41 106.10 Td (635,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.91 106.10 Td ( shares of the Bancorp) Tj ET Q q 0 0 0 rg BT 437.10 106.10 Td (s common stock. ) Tj ET Q q 0 0 0 rg BT 506.91 106.10 Td (The purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (prices at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.09 94.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.68 94.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.12 94.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.12 94.10 Td ( ranged from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.26 94.10 Td ($9.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.76 94.10 Td ( per share to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.41 94.10 Td ($73.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.91 94.10 Td ( per share.) Tj ET Q endstream endobj 257 0 obj <>] /Rotate 0 /Contents 258 0 R>> endobj 258 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 50.00 742.25 Td (NOTE13 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 50.00 724.25 Td (401\(k\) Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Customers Bank 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 50.00 694.25 Td (statutory contribution limit. Customers Bank provides a matching contribution equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.06 694.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.39 694.25 Td ( of the first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.04 694.25 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.38 694.25 Td ( of the contribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.25 Td (made by the team member) Tj ET Q q 0 0 0 rg BT 155.52 682.25 Td (. Employer contributions for the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.58 682.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.16 682.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.16 682.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.16 682.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.10 682.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.10 682.25 Td ( were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.53 682.25 Td ($1.1 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 555.42 682.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.25 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 670.25 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.83 670.25 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.72 670.25 Td (, respectively) Tj ET Q q 0 0 0 rg BT 222.38 670.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 646.25 Td (Supplemental Executive Retir) Tj ET Q q 0 0 0 rg BT 167.92 646.25 Td (ement Plans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (Customers Bank entered into a supplemental executive retirement plan \(SERP\) with its Chairman and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 537.47 628.25 Td (ficer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (that provides annual retirement benefits for a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.43 616.25 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.43 616.25 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 454.84 616.25 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.84 616.25 Td ( or when he terminates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (employment. ) Tj ET Q q 0 0 0 rg BT 104.81 604.25 Td (The SERP) Tj ET Q q 0 0 0 rg BT 146.39 604.25 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 50.00 592.25 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 592.25 Td (get annual retirement benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.92 592.25 Td ($300,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.42 592.25 Td ( per year for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.06 592.25 Td (15 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.66 592.25 Td ( starting at age ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.74 592.25 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.74 592.25 Td (, based on an assumed constant rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (return of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.21 580.25 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.54 580.25 Td (per year) Tj ET Q q 0 0 0 rg BT 134.96 580.25 Td (. ) Tj ET Q q 0 0 0 rg BT 139.78 580.25 Td (The level of retirement benefit is not guaranteed by the Bank, and the ultimate retirement benefit can be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (less than or greater than the tar) Tj ET Q q 0 0 0 rg BT 173.10 568.25 Td (get. ) Tj ET Q q 0 0 0 rg BT 190.14 568.25 Td (The Bank intends to fund its obligations under the SERP) Tj ET Q q 0 0 0 rg BT 416.69 568.25 Td ( with the increase in cash surrender ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 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 381.09 556.25 Td (ficer which is owned by the Bank.) Tj ET Q q 0 0 0 rg BT 520.32 556.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (present value of the amount owed as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.39 544.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.98 544.25 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.53 544.25 Td ($3.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.42 544.25 Td ( and was included in other liabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (NOTE14 SHARE-BASED COMPENSA) Tj ET Q q 0 0 0 rg BT 230.95 514.25 Td (TION PLANS) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (Summary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 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 50.00 466.25 Td (the shareholders of Customers Bancorp approved the 2012 ) Tj ET Q q 0 0 0 rg BT 286.61 466.25 Td (Amendment and Restatement of the Customers Bancorp, Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (Amended and Restated 2004 Incentive Equity and Deferred Compensation Plan \(2004 Plan\). ) Tj ET Q q 0 0 0 rg BT 432.77 454.25 Td (The purpose of these plansis to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (promote the success and enhance the value of the Bancorp by linking the personal interests of the members of the Board of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (Directors and employees, of) Tj ET Q q 0 0 0 rg BT 162.56 430.25 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 50.00 418.25 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 50.00 406.25 Td (Customers. ) Tj ET Q q 0 0 0 rg BT 97.60 406.25 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 50.00 394.25 Td (retain the services of members of the Board of Directors, and employees, of) Tj ET Q q 0 0 0 rg BT 353.05 394.25 Td (ficers, and executives of Customers. Stock options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 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 50.00 370.25 Td (employed by Customers or continues to serve on the Board. ) Tj ET Q q 0 0 0 rg BT 291.72 370.25 Td (W) Tj ET Q q 0 0 0 rg BT 300.76 370.25 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 50.00 358.25 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 507.52 358.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.85 358.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (the date of grant. Certain share-based awards provide for accelerated vesting if there is a change in control \(as defined in the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (Plans\). No stock options may be exercisable for more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.33 334.25 Td (10 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.93 334.25 Td ( from the date of grant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 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 462.78 310.25 Td (The 2010 Plan provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (exclusively for the grant of stock options, some or all of which may be structured to qualify as Incentive Stock Options, to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (employees, of) Tj ET Q q 0 0 0 rg BT 105.91 286.25 Td (ficers and executives. ) Tj ET Q q 0 0 0 rg BT 194.58 286.25 Td (The maximum number of shares of common stock which may be issued under the 2010 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (Plan is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.45 274.25 Td (3,666,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.45 274.25 Td ( shares. ) Tj ET Q q 0 0 0 rg BT 151.76 274.25 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 50.00 262.25 Td (Incentive Stock Options if granted to employees, stock appreciation rights, restricted stock, restricted stock units, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (unrestricted stock to employees, of) Tj ET Q q 0 0 0 rg BT 189.50 250.25 Td (ficers, executives, and members of the Board of Directors. ) Tj ET Q q 0 0 0 rg BT 425.35 250.25 Td (The maximum number of shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (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 299.96 238.25 Td (2,750,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.96 238.25 Td ( shares. ) Tj ET Q q 0 0 0 rg BT 371.90 238.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.40 238.25 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.98 238.25 Td (, the aggregate number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 226.25 Td (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 326.03 226.25 Td (1,812,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.03 226.25 Td ( shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.25 Td (On January1, 201) Tj ET Q q 0 0 0 rg BT 122.95 202.25 Td (1, Customers initiated a Bonus Recognition and Retention Program \(BRRP\). ) Tj ET Q q 0 0 0 rg BT 441.06 202.25 Td (This is a restricted stock unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.25 Td (plan. Employees eligible to participate in the BRRP) Tj ET Q q 0 0 0 rg BT 256.81 190.25 Td ( include the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 383.53 190.25 Td (ficer and other management and highly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.25 Td (compensated employees as determined by the Compensation Committee at its sole discretion. Under the BRRP) Tj ET Q q 0 0 0 rg BT 494.08 178.25 Td (, a participant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.25 Td (may elect to defer not less than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.90 166.25 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.23 166.25 Td (, nor more than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.82 166.25 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.15 166.25 Td (, of his or her bonus payable with respect to each year of participation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (Shares of ) Tj ET Q q 0 0 0 rg BT 89.81 154.25 Td (V) Tj ET Q q 0 0 0 rg BT 95.74 154.25 Td (oting Common Stock having a value equal to the portion of the bonus deferred by a participant are allocated to an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (annual deferral account, and a matching amount equal to an identical number of shares of common stock is also allocated to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (annual deferral account. ) Tj ET Q q 0 0 0 rg BT 148.28 130.25 Td (A) Tj ET Q q 0 0 0 rg BT 154.95 130.25 Td ( participant becomes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.20 130.25 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.53 130.25 Td ( vested in the annual deferral account on the fifth anniversary date of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (initial funding of the account, provided he or she remains continuously employed by Customers from the date of funding to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (anniversary date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (V) Tj ET Q q 0 0 0 rg BT 56.11 82.25 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 82.25 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.77 82.25 Td (, death, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.25 Td (termination on account of disability) Tj ET Q q 0 0 0 rg BT 192.09 70.25 Td (, 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 58.25 Td (under the BRRP) Tj ET Q q 0 0 0 rg BT 115.19 58.25 Td ( with respect to their bonuses for 201) Tj ET Q q 0 0 0 rg BT 263.39 58.25 Td (1 which were payable in the first quarter of 2012. ) Tj ET Q q 0 0 0 rg BT 463.42 58.25 Td (The BRRP) Tj ET Q q 0 0 0 rg BT 506.67 58.25 Td ( does not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 46.25 Td (provide for a specific number of shares to be reserved; by its terms, the award of restricted stock units under this plan is limited ) Tj ET Q endstream endobj 259 0 obj <>] /Rotate 0 /Contents 260 0 R>> endobj 260 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (by the amount of cash bonuses paid to the participants in the plan. ) Tj ET Q q 0 0 0 rg BT 316.05 742.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.55 742.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.14 742.10 Td (, restricted stock units outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (under this plan totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.65 730.10 Td (254,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.15 730.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Share-based compensation expense relating to stock options and restricted stock units is recognized on a straight-line basis over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (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 437.20 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 442.61 694.10 Td (otal share-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (compensation expense for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.91 682.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.91 682.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.91 682.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.91 682.10 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.85 682.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.85 682.10 Td ( was $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.40 682.10 Td (5.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.29 682.10 Td (, $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.29 682.10 Td (5.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.18 682.10 Td (, and $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.12 682.10 Td (3.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.01 682.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 490.67 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 495.12 682.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 670.10 Td (, there was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.12 670.10 Td ($1) Tj ET Q q 0 0 0 rg BT 183.75 670.10 Td (1.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.64 670.10 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 50.00 658.10 Td (compensation awards. ) Tj ET Q q 0 0 0 rg BT 141.18 658.10 Td (This cost is expected to be recognized through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.46 658.10 Td (December 2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.04 658.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 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 507.34 634.10 Td (The ESPP) Tj ET Q q 0 0 0 rg BT 547.81 634.10 Td ( is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (intended to encourage team member participation in the ownership and economic progress of Customers. ) Tj ET Q q 0 0 0 rg BT 473.31 622.10 Td (This plan is intended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 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 50.00 598.10 Td (Compensation Committee of the Board of Directors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (Under the ESPP) Tj ET Q q 0 0 0 rg BT 113.89 574.10 Td (, team members may elect to purchase shares of Customers' common stock through payroll deduction. Since the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (purchase price under the plan is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.39 562.10 Td (85%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.72 562.10 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 50.00 550.10 Td (subscription period \(a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.70 550.10 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.03 550.10 Td ( discount to the market price\), Customers' ESPP) Tj ET Q q 0 0 0 rg BT 350.00 550.10 Td ( is considered to be a compensatory plan under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (current accounting guidance. ) Tj ET Q q 0 0 0 rg BT 168.10 538.10 Td (Therefore, the entire amount of the discount is recognizable compensation expense. ESPP) Tj ET Q q 0 0 0 rg BT 527.34 538.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (expense for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.87 526.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.87 526.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.31 526.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.31 526.10 Td ( was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.86 526.10 Td ($80.0 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.97 526.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.40 526.10 Td ($12.0 thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.51 526.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 373.17 526.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (Stock Options) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (Customers estimated the fair value of each option on the date of grant using the Black-Scholes option pricing model. ) Tj ET Q q 0 0 0 rg BT 519.15 478.10 Td (The risk-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (free interest rate was based upon the zero-coupon ) Tj ET Q q 0 0 0 rg BT 250.29 466.10 Td (T) Tj ET Q q 0 0 0 rg BT 256.04 466.10 Td (reasury rates in ef) Tj ET Q q 0 0 0 rg BT 327.22 466.10 Td (fect on the grant date of the options. Expected volatility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (was based upon limited historical information because Customers' common stock has only been traded since February 2012. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Expected life was management) Tj ET Q q 0 0 0 rg BT 177.45 442.10 Td (s estimate which took into consideration the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.02 442.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.57 442.10 Td (-year vesting requirement. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (During 2015, options to purchase an aggregate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.22 418.10 Td (596,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.72 418.10 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 50.00 406.10 Td (certain of) Tj ET Q q 0 0 0 rg BT 87.85 406.10 Td (ficers and team members. ) Tj ET Q q 0 0 0 rg BT 192.91 406.10 Td (The exercise price for the options granted is equal to the closing price of Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Bancorp's voting common stock on the date of grant. ) Tj ET Q q 0 0 0 rg BT 263.80 394.10 Td (The options are subject to a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.54 394.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.09 394.10 Td (-year clif) Tj ET Q q 0 0 0 rg BT 428.27 394.10 Td (f vesting and expire after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.73 394.10 Td (ten) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.94 394.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (years. In addition to the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.20 382.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.74 382.10 Td (-year service requirement, one of the following conditions must be met in order for the options to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (become exercisable:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 340.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 340.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.41 340.10 Td (otal shareholder returns over the five-year vesting period must be a minimum of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.37 340.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.70 340.10 Td (, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 310.10 Td (Customers Bancorp must have achieved a compound annual growth rate in diluted EPS of at least ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.79 310.10 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.12 310.10 Td ( over the five-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 298.10 Td (year vesting period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (Customers evaluated the likelihood that at least one of these conditions would be met over the requisite service period and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (determined that it was more likely than not that one of the conditions would be satisfied \(based upon historical performance\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 99.34 244.10 Td (, the grant-date fair value of these awards is being recognized as expense over the five-year vesting period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 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 50.00 208.10 Td (option granted.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 193.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 171.20 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 171.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 171.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 171.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 171.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 171.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 143.20 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 143.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 143.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 143.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 143.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 143.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 115.20 306.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 356.50 115.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 422.50 115.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 115.20 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 115.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 115.20 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 356.5 171.20000000000005 m 422.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 171.20000000000005 m 492.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 171.20000000000005 m 562.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 171.20000000000005 m 422.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 171.20000000000005 m 492.5 171.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 171.20000000000005 m 562.5 171.20000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.00 175.28 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.00 175.15 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.00 175.15 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 161.77 Td (Weighted-average risk-free interest rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.50 161.88 Td (1.90) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.00 161.88 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 161.77 Td (2.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 161.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 161.77 Td (1.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 161.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 147.77 Td (Expected dividend yield) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.00 147.88 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.00 147.88 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 147.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 147.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 147.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 147.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 133.77 Td (Weighted-average expected volatility) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.50 133.88 Td (21.18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 412.00 133.88 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 133.77 Td (18.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 133.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 133.77 Td (13.77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 133.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 119.77 Td (Weighted-average expected life \(in years\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.50 119.88 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.50 119.77 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.50 119.77 Td (7.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 105.77 Td (Weighted-average fair value of each option granted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 359.00 105.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.50 105.88 Td (6.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 105.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 105.77 Td (4.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 105.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 105.77 Td (3.17) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 261 0 obj <>] /Rotate 0 /Contents 262 0 R>> endobj 262 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 summarizes stock option activity for the year ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.81 742.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.40 742.10 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 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 290.5 591.6 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 290.5 575.6 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 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 290.5 562.6 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 /F2 8.00 Tf ET q 0 0 0 rg BT 308.35 690.83 Td (Number) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.65 682.83 Td (of Shar) Tj ET Q q 0 0 0 rg BT 331.62 682.83 Td (es) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 373.90 706.83 Td (W) Tj ET Q q 0 0 0 rg BT 381.46 706.83 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 378.15 698.83 Td (average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.10 690.83 Td (Exer) Tj ET Q q 0 0 0 rg BT 393.39 690.83 Td (cise) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.60 682.83 Td (Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.90 722.83 Td (W) Tj ET Q q 0 0 0 rg BT 450.46 722.83 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.15 714.83 Td (average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.80 706.83 Td (Remaining) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.80 698.83 Td (Contractual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.30 690.83 Td (T) Tj ET Q q 0 0 0 rg BT 455.90 690.83 Td (erm) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.75 682.83 Td (in ) Tj ET Q q 0 0 0 rg BT 455.13 682.83 Td (Y) Tj ET Q q 0 0 0 rg BT 460.02 682.83 Td (ears) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.00 698.83 Td (Aggr) Tj ET Q q 0 0 0 rg BT 529.18 698.83 Td (egate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.80 690.83 Td (Intrinsic) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.85 682.83 Td (V) Tj ET Q q 0 0 0 rg BT 524.89 682.83 Td (alue) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 670.55 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 324.95 670.55 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, January 1, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 656.27 Td (3,168,067) 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 (12.61) 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 (599,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 641.27 Td (23.36) 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 320.80 626.32 Td (\(31,168) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 626.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 626.27 Td (10.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 626.27 Td (455) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 612.17 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 611.32 Td (\(2,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 611.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 611.27 Td (17.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 597.17 Td (Expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.80 596.32 Td (\(2,683) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 596.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 596.27 Td (29.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.27 Td (Outstanding, December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.65 581.27 Td (3,731,761) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 581.27 Td (14.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 581.27 Td (6.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 581.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 581.27 Td (48,086) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.27 Td (Exercisable at December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.15 566.27 Td (707,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 566.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 566.27 Td (9.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.50 566.27 Td (4.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 566.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 566.27 Td (12,760) 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 options during the year ended December 31, 2015 was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.09 538.10 Td ($0.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.99 538.10 Td ( with a related tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (benefit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.09 526.10 Td ($0.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.99 526.10 Td (.) 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, 2015) 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, 2015) 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 /F2 8.00 Tf ET q 0 0 0 rg BT 446.90 454.83 Td (Options) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 511.90 470.83 Td (W) Tj ET Q q 0 0 0 rg BT 519.46 470.83 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.15 462.83 Td (average) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.35 454.83 Td (exer) Tj ET Q q 0 0 0 rg BT 520.86 454.83 Td (ciseprice) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 441.17 Td (Non-vested at January 1, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 441.17 Td (3,154,384) 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 (12.59) 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 (599,745) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 427.17 Td (23.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 413.17 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 413.22 Td (\(725,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 413.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 413.17 Td (12.50) 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 (\(2,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 399.17 Td (\)) 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, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.65 385.17 Td (3,026,766) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 385.17 Td (15.53) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 351.10 Td (Restricted Stock Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.10 Td (The fair value of restricted stock units granted under the 2004 Plan is determined based on the market price of Customers' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.10 Td (common stock on the date of grant. ) Tj ET Q q 0 0 0 rg BT 193.67 321.10 Td (The fair value of restricted stock units granted under the BRRP) Tj ET Q q 0 0 0 rg BT 446.01 321.10 Td ( is measured as of the date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.10 Td (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 50.00 285.10 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 50.00 273.10 Td (that had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.43 273.10 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.43 273.10 Td ( vesting requirements. ) Tj ET Q q 0 0 0 rg BT 190.34 273.10 Td (The first requirement is that the recipient remains an employee or director through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 261.10 Td (December31, 2016.) Tj ET Q q 0 0 0 rg BT 133.40 261.10 Td (The second requirement is that Customers' ) Tj ET Q q 0 0 0 rg BT 306.09 261.10 Td (V) Tj ET Q q 0 0 0 rg BT 312.03 261.10 Td (oting Common Stock will have traded at a price greater than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 249.10 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 249.10 Td (17.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 249.10 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 360.21 249.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.75 249.10 Td ( consecutive trading days during the five-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 237.10 Td (period ending December31, 2016. ) Tj ET Q q 0 0 0 rg BT 191.17 237.10 Td (This second requirement was satisfied during the fourth quarter of 2013. ) Tj ET Q q 0 0 0 rg BT 485.63 237.10 Td (These criteria ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 225.10 Td (apply only to the 2012 restricted stock award.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.10 Td (There were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.74 201.10 Td (158,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.24 201.10 Td ( restricted stock units granted during the year ended December 31, 2015. Of the aggregate restricted stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.10 Td (units granted, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.93 189.10 Td (84,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.43 189.10 Td ( were granted under the Bonus Recognition and Retention Program and are subject to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.78 189.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.33 189.10 Td (-year clif) Tj ET Q q 0 0 0 rg BT 530.51 189.10 Td (f ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.10 Td (vesting. ) Tj ET Q q 0 0 0 rg BT 83.71 177.10 Td (The remaining units were granted under the Bancorp's Restated and ) Tj ET Q q 0 0 0 rg BT 356.53 177.10 Td (Amended 2004 Incentive Equity and Deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 165.10 Td (Compensation Plan and are subject to either a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.50 165.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.49 165.10 Td (-year waterfall vesting \(with one third of the amount vesting annually\) or a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.10 Td (three-year clif) Tj ET Q q 0 0 0 rg BT 106.17 153.10 Td (f vesting. ) Tj ET Q endstream endobj 263 0 obj <>] /Rotate 0 /Contents 264 0 R>> endobj 264 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (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, 2015) 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, 2015) 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 /F2 8.00 Tf ET q 0 0 0 rg BT 433.95 698.83 Td (Restricted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 431.80 690.83 Td (StockUnits) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.90 706.83 Td (W) Tj ET Q q 0 0 0 rg BT 516.46 706.83 Td (eighted-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.50 698.83 Td (averagegrant-) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.90 690.83 Td (date fair) Tj ET Q q 0 0 0 rg BT 530.86 690.83 Td ( value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 677.17 Td (Outstanding and unvested at January 1, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 677.17 Td (788,971) 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 (13.00) 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 (158,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 663.17 Td (19.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 649.17 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 648.32 Td (\(65,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 648.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 648.27 Td (12.02) 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 457.80 634.22 Td (\(9,070) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 634.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 634.17 Td (17.15) 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, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 620.17 Td (873,264) 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 (14.24) 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 181.05 580.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.64 580.10 Td (, Customers issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.42 580.10 Td (27,674) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.92 580.10 Td ( shares of ) Tj ET Q q 0 0 0 rg BT 405.56 580.10 Td (V) Tj ET Q q 0 0 0 rg BT 411.49 580.10 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 ($0.7 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 339.74 568.10 Td (The fair values were determined based on the opening ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (price of the common stock on the day the shares were issued.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (NOTE15 INCOME ) Tj ET Q q 0 0 0 rg BT 145.38 514.10 Td (T) Tj ET Q q 0 0 0 rg BT 151.31 514.10 Td (AXES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (The components of income tax expense were as follows:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 481.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 432.20 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 432.20 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 432.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 432.20 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 432.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 432.20 74.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 402.20 280.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 330.50 402.20 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 402.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 402.20 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 480.50 402.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 402.20 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 330.5 458.2 m 403.5 458.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 458.2 m 407.5 458.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 458.2 m 480.5 458.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 480.5 458.2 m 484.5 458.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 458.2 m 558.5 458.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 445.2 m 403.5 445.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 445.2 m 480.5 445.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 445.2 m 558.5 445.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 402.2 m 403.5 402.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 402.2 m 480.5 402.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 402.2 m 558.5 402.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 388.2 m 403.5 388.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 330.5 386.2 m 403.5 386.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 388.2 m 480.5 388.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 386.2 m 480.5 386.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 388.2 m 558.5 388.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 386.2 m 558.5 386.2 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.75 462.43 Td (For the Years Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.50 449.43 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 435.50 449.45 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.00 449.45 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 436.45 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 422.77 Td (Current) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.00 421.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.15 421.88 Td (40,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 421.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 421.87 Td (26,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 421.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 421.87 Td (15,394) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 407.77 Td (Deferred) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.80 406.93 Td (\(10,092) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 399.65 406.88 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.80 406.92 Td (\(6,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.65 406.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 406.87 Td (2,210) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 392.77 Td (Total) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 333.00 391.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 372.15 391.88 Td (29,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 391.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 391.87 Td (20,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.00 391.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 391.87 Td (17,604) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.70 Td (Ef) Tj ET Q q 0 0 0 rg BT 59.26 363.70 Td (fective tax rates dif) Tj ET Q q 0 0 0 rg BT 135.98 363.70 Td (fer from the federal statutory rate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.30 363.70 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.63 363.70 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 50.00 351.70 Td (the following:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 337.30 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 261.80 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 261.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 261.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 261.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 261.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 261.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 261.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 261.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 261.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 261.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 261.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 261.80 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 231.80 175.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 231.80 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 231.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 231.80 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 231.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 231.80 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 231.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 231.80 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 231.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 231.80 52.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 231.80 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 231.80 53.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 191.80 175.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 225.50 191.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 277.50 191.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 281.50 191.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 191.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 191.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 389.50 191.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 191.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 445.50 191.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 449.50 191.80 52.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 191.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 191.80 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 225.5 314.79999999999995 m 277.5 314.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 314.79999999999995 m 281.5 314.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 314.79999999999995 m 333.5 314.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 314.79999999999995 m 337.5 314.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 314.79999999999995 m 389.5 314.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 314.79999999999995 m 393.5 314.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 314.79999999999995 m 445.5 314.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 445.5 314.79999999999995 m 449.5 314.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 314.79999999999995 m 501.5 314.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 314.79999999999995 m 505.5 314.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 314.79999999999995 m 558.5 314.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 302.79999999999995 m 277.5 302.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277.5 302.79999999999995 m 281.5 302.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 302.79999999999995 m 333.5 302.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 302.79999999999995 m 389.5 302.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 389.5 302.79999999999995 m 393.5 302.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 302.79999999999995 m 445.5 302.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 302.79999999999995 m 501.5 302.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 302.79999999999995 m 505.5 302.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 302.79999999999995 m 558.5 302.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 273.79999999999995 m 277.5 273.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 273.79999999999995 m 333.5 273.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 273.79999999999995 m 389.5 273.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 273.79999999999995 m 445.5 273.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 273.79999999999995 m 501.5 273.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 273.79999999999995 m 558.5 273.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 176.79999999999995 m 277.5 176.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 176.79999999999995 m 333.5 176.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 176.79999999999995 m 389.5 176.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 176.79999999999995 m 445.5 176.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 176.79999999999995 m 501.5 176.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 176.79999999999995 m 558.5 176.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 163.79999999999995 m 277.5 163.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 225.5 161.79999999999995 m 277.5 161.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 163.79999999999995 m 333.5 163.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281.5 161.79999999999995 m 333.5 161.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 163.79999999999995 m 389.5 163.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 161.79999999999995 m 389.5 161.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 176.79999999999995 m 445.5 176.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 163.79999999999995 m 445.5 163.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 161.79999999999995 m 445.5 161.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 163.79999999999995 m 501.5 163.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 449.5 161.79999999999995 m 501.5 161.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 176.79999999999995 m 558.5 176.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 163.79999999999995 m 558.5 163.79999999999995 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 161.79999999999995 m 558.5 161.79999999999995 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.25 318.88 Td (For the Years Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 271.00 306.88 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 383.00 306.75 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.50 306.75 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 236.95 278.03 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 298.65 294.03 Td (% of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 295.95 286.03 Td (pr) Tj ET Q q 0 0 0 rg BT 303.81 286.03 Td (etax) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.75 278.03 Td (income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.85 278.05 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 411.30 294.05 Td (% of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 409.00 286.05 Td (pretax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.20 278.05 Td (income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 461.85 278.05 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.80 294.05 Td (% of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 286.05 Td (pretax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 519.70 278.05 Td (income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 265.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 252.37 Td (Federal income tax at statutory rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.00 251.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.15 251.48 Td (30,973) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.50 251.48 Td (35.00) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.00 251.48 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 251.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 251.47 Td (22,185) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 251.47 Td (35.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 251.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.00 251.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 251.47 Td (17,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 251.47 Td (35.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 251.47 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 237.37 Td (State income tax) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.15 236.48 Td (1,434) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 236.48 Td (1.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 236.47 Td (1,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.15 236.47 Td (2.14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 236.47 Td (353) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 236.47 Td (0.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 222.37 Td (Tax-exempt interest, net of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 212.37 Td (disallowance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 255.30 211.48 Td (\(277) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.65 211.48 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.15 211.48 Td (\(0.31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.00 211.48 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.30 211.52 Td (\(249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 211.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.80 211.52 Td (\(0.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 211.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.30 211.52 Td (\(148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 211.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 211.52 Td (\(0.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 211.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 197.37 Td (Bank-owned life insurance) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.80 196.48 Td (\(2,422) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.65 196.48 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.15 196.48 Td (\(2.73) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.00 196.48 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.80 196.52 Td (\(1,296) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 196.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.80 196.52 Td (\(2.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 196.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.30 196.52 Td (\(868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.65 196.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 196.52 Td (\(1.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 196.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 182.37 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.65 181.48 Td (204) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 305.50 181.48 Td (0.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.80 181.52 Td (\(1,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.65 181.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.80 181.52 Td (\(2.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 181.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 181.47 Td (663) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 181.47 Td (1.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 167.37 Td (Effective income tax rate) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 228.00 167.48 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.15 167.48 Td (29,912) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.50 167.48 Td (33.80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 323.00 167.48 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.00 167.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.15 167.37 Td (20,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.15 167.37 Td (31.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.65 167.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.00 167.37 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.15 167.37 Td (17,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 167.37 Td (35.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 167.37 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.30 Td (Customers accounts for income taxes under the liability method of accounting for income taxes. ) Tj ET Q q 0 0 0 rg BT 436.66 139.30 Td (The income tax accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.30 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 50.00 115.30 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 50.00 103.30 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 91.30 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 91.30 Td (fects of the dif) Tj ET Q q 0 0 0 rg BT 390.09 91.30 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 79.30 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 79.30 Td (.) Tj ET Q endstream endobj 265 0 obj <>] /Rotate 0 /Contents 266 0 R>> endobj 266 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (131) 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 56.67 742.10 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 50.00 730.10 Td (sustained upon examination. ) Tj ET Q q 0 0 0 rg BT 166.46 730.10 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 420.28 730.10 Td (50 percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.21 730.10 Td (;the terms examined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 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 428.96 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 433.41 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 440.08 718.10 Td ( tax position that meets the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (more likely than not recognition threshold is initially and subsequently measured as the lar) Tj ET Q q 0 0 0 rg BT 412.24 706.10 Td (gest amount of tax benefit that has a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (greater than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.97 694.10 Td (50 percent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.89 694.10 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 50.00 682.10 Td (relevant information. ) Tj ET Q q 0 0 0 rg BT 136.73 682.10 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 50.00 670.10 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 499.57 670.10 Td (s judgment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (At December 31, 2015 and 2014, Customers had no ) Tj ET Q q 0 0 0 rg BT 259.69 646.10 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 50.00 634.10 Td (total amount of unrecognized tax benefits to significantly increase within the next twelve months. Customers recognizes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (interest and penalties on unrecognized tax benefits in other expense.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 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 508.54 598.10 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (taxable income within the carry-back period. ) Tj ET Q q 0 0 0 rg BT 231.32 586.10 Td (A) Tj ET Q q 0 0 0 rg BT 237.99 586.10 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 50.00 574.10 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 50.00 562.10 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 50.00 550.10 Td (income over the periods in which the temporary dif) Tj ET Q q 0 0 0 rg BT 255.31 550.10 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 50.00 538.10 Td (assessment, management determined that no valuation allowance is necessary at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.50 538.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.08 538.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.52 538.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.52 538.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (Deferred income taxes reflect temporary dif) Tj ET Q q 0 0 0 rg BT 225.56 514.10 Td (ferences in the recognition of revenue and expenses for tax reporting and financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (statement purposes, principally because certain items are recognized in dif) Tj ET Q q 0 0 0 rg BT 347.48 502.10 Td (ferent periods for financial reporting and tax return ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 90.37 490.10 Td (The following represents the Bancorp's deferred tax asset and liabilities as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.58 490.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.16 490.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.60 490.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.60 490.10 Td (:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 475.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 429.20 378.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 429.20 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 429.20 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 429.20 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 401.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 401.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 401.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 401.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 371.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 371.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 371.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 371.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 341.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 341.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 341.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 341.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 311.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 311.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 311.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 311.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 281.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 281.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 281.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 281.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 251.20 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 251.20 65.00 -15.00 re f /GS0 gs 0.8 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8.00 Tf ET q 0 0 0 rg BT 452.50 445.28 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 445.15 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 433.15 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 419.93 Td (Deferr) Tj ET Q q 0 0 0 rg BT 99.13 419.93 Td (ed tax assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 406.77 Td (Allowance for loan losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 405.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 405.88 Td (13,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 405.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 405.87 Td (11,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 391.77 Td (Net unrealized losses on securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 390.88 Td (3,112) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 390.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 376.77 Td (OREO expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 375.88 Td (728) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 375.87 Td (588) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 361.77 Td (Non-accrual interest) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 360.88 Td (840) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 360.87 Td (541) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 346.77 Td (Net operating losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 345.88 Td (2,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 345.87 Td (1,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 331.77 Td (Deferred compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 330.88 Td (1,337) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 330.87 Td (1,361) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 316.77 Td (Equity-based compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 315.88 Td (5,196) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 315.87 Td (3,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 301.77 Td (Fair value adjustments on acquisitions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 300.88 Td (428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 300.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 286.77 Td (Cash flow hedge) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 285.88 Td (1,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 285.87 Td (681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 271.77 Td (Incentive compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 270.88 Td (2,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 270.87 Td (1,558) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 256.77 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 255.88 Td (1,374) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 255.87 Td (1,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 241.77 Td (Total deferred tax assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 240.88 Td (32,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 240.87 Td (23,047) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 226.93 Td (Deferr) Tj ET Q q 0 0 0 rg BT 99.13 226.93 Td (ed tax liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 213.77 Td (Fair value adjustments on acquisitions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 213.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 212.92 Td (\(2,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 212.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 198.77 Td (Net unrealized gains on securities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.65 198.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 197.92 Td (\(615) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 197.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 183.77 Td (Net deferred loan fees) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.80 183.48 Td (\(2,688) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 183.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 182.92 Td (\(4,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 182.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 168.77 Td (Bank premises and equipment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.30 168.48 Td (\(875) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 168.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 167.92 Td (\(1,009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 167.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 153.77 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 471.30 152.93 Td (\(592) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 152.88 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 152.92 Td (\(1,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 152.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 138.77 Td (Total deferred tax liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 463.80 137.93 Td (\(4,155) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.65 137.88 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 137.92 Td (\(9,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 137.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 123.77 Td (Net deferred tax asset) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 122.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 122.88 Td (28,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 122.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 122.87 Td (13,757) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.70 Td (Customers had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.48 94.70 Td ($6.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.37 94.70 Td ( of federal net operating loss carryovers at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.41 94.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.99 94.70 Td (, that expire in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.25 94.70 Td (2025 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.70 Td (through 2031) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.61 82.70 Td (.) Tj ET Q endstream endobj 267 0 obj <>] /Rotate 0 /Contents 268 0 R>> endobj 268 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 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 553.39 742.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 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 50.00 718.10 Td (2012.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (NOTE16 ) Tj ET Q q 0 0 0 rg BT 100.66 688.10 Td (TRANSACTIONS ) Tj ET Q q 0 0 0 rg BT 182.44 688.10 Td (WITH EXECUTIVE OFFICERS, DIRECT) Tj ET Q q 0 0 0 rg BT 369.52 688.10 Td (ORS, ) Tj ET Q q 0 0 0 rg BT 394.53 688.10 Td (AND PRINCIP) Tj ET Q q 0 0 0 rg BT 459.61 688.10 Td (AL) Tj ET Q q 0 0 0 rg BT 472.95 688.10 Td ( SHAREHOLDERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 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 50.00 658.10 Td (executive of) Tj ET Q q 0 0 0 rg BT 98.96 658.10 Td (ficers, directors, principal shareholders, their immediate families and af) Tj ET Q q 0 0 0 rg BT 384.50 658.10 Td (filiated companies \(commonly referred to as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (related parties\).) Tj ET Q q 0 0 0 rg BT 114.51 646.10 Td (The activity relating to loans to such persons was as follows:) 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 50.50 582.20 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 582.20 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 582.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 582.20 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 582.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 582.20 73.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 552.20 283.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 552.20 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 552.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 552.20 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 552.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 552.20 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 333.5 608.2 m 405.5 608.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405.5 608.2 m 409.5 608.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 608.2 m 481.5 608.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 608.2 m 485.5 608.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 608.2 m 558.5 608.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 595.2 m 405.5 595.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 595.2 m 481.5 595.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 595.2 m 558.5 595.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 537.2 m 405.5 537.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 537.2 m 481.5 537.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 537.2 m 558.5 537.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 523.2 m 405.5 523.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 521.2 m 405.5 521.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 523.2 m 481.5 523.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 521.2 m 481.5 521.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 523.2 m 558.5 523.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 521.2 m 558.5 521.2 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.25 612.43 Td (FortheYearsEndedDecember31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.00 599.43 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 437.00 599.45 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.50 599.45 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 586.45 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 572.93 Td (Balance January 1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.00 571.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.65 571.88 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 571.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 571.87 Td (7,273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 571.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 571.87 Td (3,272) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 557.77 Td (Additions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 379.15 556.88 Td (2,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 556.87 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 556.87 Td (9,280) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 542.77 Td (Repayments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.80 541.93 Td (\(2,007) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 401.65 541.88 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.80 541.92 Td (\(7,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.65 541.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.80 541.92 Td (\(5,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 541.87 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 527.93 Td (Balance December 31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 336.00 526.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.65 526.88 Td (220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 526.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 526.87 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 526.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 526.87 Td (7,273) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.70 Td (At December 31, 2015, Customers Bank had an outstanding commitment to provide short-term commercial real estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.70 Td (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 307.70 486.70 Td ($8.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.59 486.70 Td (, and an available line of credit of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.48 486.70 Td ($1.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.37 486.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.70 Td (with one of its related parties. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.70 Td (Some current directors, nominees for director and executive of) Tj ET Q q 0 0 0 rg BT 300.56 450.70 Td (ficers of Customers and entities or or) Tj ET Q q 0 0 0 rg BT 448.67 450.70 Td (ganizations in which they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.70 Td (were executive of) Tj ET Q q 0 0 0 rg BT 120.89 438.70 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 311.10 438.70 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.43 438.70 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 50.00 426.70 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 417.98 426.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.56 426.70 Td (.None of these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.70 Td (transactions involved amounts in excess of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.85 414.70 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.18 414.70 Td ( of the Customers' gross revenues during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.57 414.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.57 414.70 Td ( nor was Customers indebted to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.70 Td (any 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 354.91 402.70 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.24 402.70 Td ( of Customers' total assets at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.47 402.70 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 390.70 Td (.) Tj ET Q q 0 0 0 rg BT 74.45 390.70 Td (Additional transactions with such persons and entities may be expected to take place in the ordinary course of business in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.70 Td (the future.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 354.70 Td (At December 31, 2015 and 2014, the Bank had approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.04 354.70 Td ($14.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.94 354.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.38 354.70 Td ($1) Tj ET Q q 0 0 0 rg BT 384.00 354.70 Td (1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.90 354.70 Td (, respectively) Tj ET Q q 0 0 0 rg BT 480.56 354.70 Td (, in deposits from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 342.70 Td (related parties, including directors and certain executive of) Tj ET Q q 0 0 0 rg BT 284.72 342.70 Td (ficers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.70 Td (For the years ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.08 318.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.67 318.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.67 318.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.67 318.70 Td (, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.61 318.70 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.61 318.70 Td (, Customers paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.60 318.70 Td ($27,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.10 318.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.10 318.70 Td ($46,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.60 318.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.04 318.70 Td ($45,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.54 318.70 Td ( to Jaxxon Promotions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.70 Td (Inc., a company in which a Bancorp director owns ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.10 306.70 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.43 306.70 Td ( interest.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 276.70 Td (NOTE17 FINANCIAL) Tj ET Q q 0 0 0 rg BT 156.96 276.70 Td ( INSTRUMENTS ) Tj ET Q q 0 0 0 rg BT 235.13 276.70 Td (WITH OFF-BALANCE-SHEET) Tj ET Q q 0 0 0 rg BT 374.69 276.70 Td ( RISK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 258.70 Td (Customers is a party to financial instruments with of) Tj ET Q q 0 0 0 rg BT 259.79 258.70 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 50.00 246.70 Td (needs of its customers. ) Tj ET Q q 0 0 0 rg BT 143.41 246.70 Td (These financial instruments include commitments to extend credit and letters of credit. ) Tj ET Q q 0 0 0 rg BT 492.29 246.70 Td (Those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.70 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 50.00 222.70 Td (sheets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.70 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 50.00 186.70 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 50.00 174.70 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 50.00 150.70 Td (The following financial instruments were outstanding whose contract amounts represent credit risk:) Tj ET Q endstream endobj 269 0 obj <>] /Rotate 0 /Contents 270 0 R>> endobj 270 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (133) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 709.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 709.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 709.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 709.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 679.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 679.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 679.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 679.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 649.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 649.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 649.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 649.50 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 428.5 735.5 m 493.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 735.5 m 497.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 735.5 m 562.5 735.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 722.5 m 493.5 722.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 722.5 m 562.5 722.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.75 739.73 Td (December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 726.73 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.50 726.75 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 713.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 700.07 Td (Commitments to fund loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 699.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 699.18 Td (537,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 699.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 699.17 Td (231,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 685.07 Td (Unfunded commitments to fund mortgage warehouse loans) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 449.65 684.18 Td (1,302,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 684.17 Td (713,619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 670.07 Td (Unfunded commitments under lines of credit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 669.18 Td (436,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 669.17 Td (430,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 655.07 Td (Letters of credit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 654.18 Td (42,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 654.17 Td (36,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 640.07 Td (Other unused commitments) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 639.18 Td (6,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 639.17 Td (7,685) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 611.00 Td (Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.00 Td (in the contract.Since many of the commitments are expected to expire without being drawn upon, the total commitment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.00 Td (amounts do not necessarily represent future cash requirements.Mortgage warehouse loan commitments are agreements to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.00 Td (purchase mortgage loans from mortgage bankers that agree to purchase the loans back in a short period of time.) Tj ET Q q 0 0 0 rg BT 498.55 575.00 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.00 Td (commitments generally fluctuate monthly as existing loans are repurchased by the mortgage bankers and new loans are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.00 Td (purchased by Customers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.00 Td (Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee.Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.00 Td (evaluates each customer) Tj ET Q q 0 0 0 rg BT 147.54 515.00 Td () Tj ET Q q 0 0 0 rg BT 150.32 515.00 Td (s credit worthiness on a case-by-case basis.) Tj ET Q q 0 0 0 rg BT 325.64 515.00 Td (The amount of collateral obtained, if deemed necessary by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.00 Td (Customers upon extension of credit, is based on management) Tj ET Q q 0 0 0 rg BT 298.00 503.00 Td (s credit evaluation.Collateral held varies but may include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.00 Td (personal or commercial real estate, accounts receivable, inventory and equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.00 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 50.00 455.00 Td (customer to a third party) Tj ET Q q 0 0 0 rg BT 147.66 455.00 Td (.) Tj ET Q q 0 0 0 rg BT 152.48 455.00 Td (The majority of these standby letters of credit expire within the next year) Tj ET Q q 0 0 0 rg BT 444.05 455.00 Td (.) Tj ET Q q 0 0 0 rg BT 448.87 455.00 Td (The credit risk involved in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.00 Td (issuing letters of credit is essentially the same as that involved in extending other loan commitments.Customers requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.00 Td (collateral supporting these letters of credit as deemed necessary) Tj ET Q q 0 0 0 rg BT 303.69 431.00 Td (.Management believes that the proceeds obtained through a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.00 Td (liquidation of such collateral would be suf) Tj ET Q q 0 0 0 rg BT 218.67 419.00 Td (ficient to cover the maximum potential amount of future payments required under the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.00 Td (corresponding guarantees.) Tj ET Q q 0 0 0 rg BT 157.28 407.00 Td (The current amount of the liabilities as of December31, 2015 and 2014 for guarantees under standby ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.00 Td (letters of credit issued is not material.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 365.00 Td (NOTE18 REGULA) Tj ET Q q 0 0 0 rg BT 142.88 365.00 Td (T) Tj ET Q q 0 0 0 rg BT 149.37 365.00 Td (OR) Tj ET Q q 0 0 0 rg BT 164.02 365.00 Td (Y) Tj ET Q q 0 0 0 rg BT 170.87 365.00 Td ( MA) Tj ET Q q 0 0 0 rg BT 189.29 365.00 Td (TTERS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.00 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 50.00 336.00 Td (Failure to meet the minimum capital requirements can result in certain mandatory) Tj ET Q q 0 0 0 rg BT 376.19 336.00 Td (, and possibly additional discretionary) Tj ET Q q 0 0 0 rg BT 528.01 336.00 Td (, actions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.00 Td (by regulators that, if undertaken, could have a direct material ef) Tj ET Q q 0 0 0 rg BT 304.16 324.00 Td (fect on Customers' financial statements. Under capital adequacy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.00 Td (guidelines and the regulatory framework for prompt corrective action, the Bank and Bancorp must meet specific capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.00 Td (guidelines that involve quantitative measures of their assets, liabilities and certain of) Tj ET Q q 0 0 0 rg BT 387.50 300.00 Td (f-balance sheet items, as calculated under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 288.00 Td (the regulatory accounting practices. ) Tj ET Q q 0 0 0 rg BT 195.03 288.00 Td (The capital amounts and classification are also subject to qualitative judgments by the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 276.00 Td (regulators about components, risk weightings and other factors. Prompt corrective action provisions are not applicable to bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 264.00 Td (holding companies. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.00 Td (Quantitative measures established by regulation to ensure capital adequacy require the Bank and Bancorp to maintain minimum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.00 Td (amounts and ratios \(set forth in the following table\) of total and ) Tj ET Q q 0 0 0 rg BT 306.43 235.00 Td (T) Tj ET Q q 0 0 0 rg BT 312.18 235.00 Td (ier 1 capital to risk-weighted assets and of ) Tj ET Q q 0 0 0 rg BT 483.06 235.00 Td (T) Tj ET Q q 0 0 0 rg BT 488.82 235.00 Td (ier 1 capital to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.00 Td (average assets \(as defined in the regulations\). ) Tj ET Q q 0 0 0 rg BT 233.27 223.00 Td (At December 31, 2015 and 2014, the Bank and Bancorp met all capital adequacy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.00 Td (requirements to which they were subject. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.00 Td (The Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 118.88 194.00 Td (Act required the FRB to establish minimum consolidated capital requirements for bank holding companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.00 Td (that are as stringent as those required for insured depositary subsidiaries. In 2013, the federal banking agencies approved rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 170.00 Td (that implemented the Dodd-Frank requirements and certain other regulatory capital reforms ef) Tj ET Q q 0 0 0 rg BT 426.62 170.00 Td (fective January 1, 2015, that \(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.00 Td (introduced a new capital ratio pursuant to the prompt corrective action provisions, the common equity tier 1 capital to risk rated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.00 Td (assets ratio, \(ii\) increased the adequately capitalized and well capitalized thresholds for the ) Tj ET Q q 0 0 0 rg BT 415.22 146.00 Td (T) Tj ET Q q 0 0 0 rg BT 420.98 146.00 Td (ier 1 risk based capital ratios to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.44 146.00 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 561.77 146.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.00 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 134.00 Td (8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.27 134.00 Td (, respectively) Tj ET Q q 0 0 0 rg BT 132.93 134.00 Td (, \(iii\) changed the treatment of certain capital components for determining ) Tj ET Q q 0 0 0 rg BT 431.52 134.00 Td (T) Tj ET Q q 0 0 0 rg BT 437.28 134.00 Td (ier 1 and ) Tj ET Q q 0 0 0 rg BT 474.58 134.00 Td (T) Tj ET Q q 0 0 0 rg BT 480.34 134.00 Td (ier 2 capital, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.00 Td (\(iv\) changed the risk weighting of certain assets and of) Tj ET Q q 0 0 0 rg BT 268.92 122.00 Td (f balance sheet items in determining risk weighted assets. ) Tj ET Q endstream endobj 271 0 obj <>] /Rotate 0 /Contents 272 0 R>> endobj 272 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (134) 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 (o be categorized as well capitalized, an institution must maintain minimum common equity ) Tj ET Q q 0 0 0 rg BT 422.92 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 428.68 742.10 Td (ier 1, total risk based, ) Tj ET Q q 0 0 0 rg BT 517.08 742.10 Td (T) Tj ET Q q 0 0 0 rg BT 522.84 742.10 Td (ier 1 risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (based and ) Tj ET Q q 0 0 0 rg BT 92.03 730.10 Td (T) Tj ET Q q 0 0 0 rg BT 97.78 730.10 Td (ier 1 leveraged ratios as set forth in the following table:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 645.20 169.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 645.20 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 645.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 645.20 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 645.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 645.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 645.20 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 645.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 645.20 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 645.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 645.20 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 645.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 645.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 604.20 169.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 604.20 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 604.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 604.20 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 604.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 604.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 604.20 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 604.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 604.20 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 604.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 604.20 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 604.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 604.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 576.20 169.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 576.20 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 576.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 576.20 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 576.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 576.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 576.20 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 576.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 576.20 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 576.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 576.20 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 576.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 576.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 547.20 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 547.20 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 547.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 547.20 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 547.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 547.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 547.20 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 547.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 547.20 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 547.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 547.20 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 547.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 547.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 518.20 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 518.20 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 518.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 518.20 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 518.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 518.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 518.20 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 518.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 518.20 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 518.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 518.20 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 518.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 518.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 488.20 169.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 488.20 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 488.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 488.20 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 488.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 488.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 488.20 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 488.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 488.20 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 488.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 488.20 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 488.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 488.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 459.20 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 459.20 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 459.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 459.20 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 459.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 459.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 459.20 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 459.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 459.20 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 459.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 459.20 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 459.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 459.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 430.20 169.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 430.20 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 430.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 430.20 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 430.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 430.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 430.20 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 430.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 430.20 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 430.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 430.20 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 430.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 430.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 401.20 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 401.20 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 401.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 401.20 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 401.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 401.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 401.20 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 401.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 401.20 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 401.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 401.20 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 401.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 401.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 372.20 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 372.20 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 372.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 372.20 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 372.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 372.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 372.20 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 372.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 372.20 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 372.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 372.20 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 372.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 372.20 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 342.20 169.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 342.20 44.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 342.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 342.20 39.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 342.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 342.20 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 342.20 50.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 342.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 342.20 35.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 342.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 342.20 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 342.20 11.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 342.20 54.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 313.20 169.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 219.50 313.20 44.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 263.50 313.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 267.50 313.20 39.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 313.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 317.50 313.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 321.50 313.20 50.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 371.50 313.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 382.50 313.20 35.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 417.50 313.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 313.20 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 481.50 313.20 11.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 313.20 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 219.5 658.2 m 263.5 658.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 263.5 658.2 m 267.5 658.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 658.2 m 306.5 658.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 658.2 m 317.5 658.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 658.2 m 371.5 658.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 371.5 658.2 m 382.5 658.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 658.2 m 417.5 658.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 417.5 658.2 m 428.5 658.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 658.2 m 481.5 658.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 481.5 658.2 m 492.5 658.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 658.2 m 546.5 658.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 219.5 645.2 m 263.5 645.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267.5 645.2 m 306.5 645.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 321.5 645.2 m 371.5 645.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 645.2 m 417.5 645.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 645.2 m 481.5 645.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 645.2 m 546.5 645.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 662.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.65 662.43 Td (Actual) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 336.75 670.43 Td (For) Tj ET Q q 0 0 0 rg BT 349.04 670.43 Td ( Capital ) Tj ET Q q 0 0 0 rg BT 377.94 670.43 Td (Adequacy) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 358.90 662.43 Td (Purposes) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.95 686.43 Td (T) Tj ET Q q 0 0 0 rg BT 452.55 686.43 Td (oBe) Tj ET Q q 0 0 0 rg BT 469.29 686.43 Td (W) Tj ET Q q 0 0 0 rg BT 476.85 686.43 Td (ellCapitalized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.15 678.43 Td (Under) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.70 670.43 Td (Pr) Tj ET Q q 0 0 0 rg BT 450.99 670.43 Td (omptCorr) Tj ET Q q 0 0 0 rg BT 487.50 670.43 Td (ective ) Tj ET Q q 0 0 0 rg BT 508.60 670.43 Td (Action) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.25 662.43 Td (Pr) Tj ET Q q 0 0 0 rg BT 477.54 662.43 Td (ovisions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 649.45 Td (\(amounts in thousands\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 226.95 649.43 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 277.15 649.43 Td (Ratio) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 331.95 649.43 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.15 649.43 Td (Ratio) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 440.45 649.43 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.65 649.43 Td (Ratio) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 635.93 Td (December 31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 621.93 Td (Common equity Tier 1 \(to risk-) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 611.93 Td (weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 594.77 Td (Customers Bancorp, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.00 594.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.10 594.88 Td (500,624) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 594.88 Td (7.61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 594.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 594.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.10 594.88 Td (296,014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.50 594.88 Td (4.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 594.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.30 594.88 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.30 594.88 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 580.77 Td (Customers Bank) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.00 580.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.10 580.88 Td (565,217) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 580.88 Td (8.62) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 580.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 580.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.10 580.88 Td (294,916) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.50 580.88 Td (4.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 580.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 580.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.10 580.88 Td (425,990) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.50 580.88 Td (6.5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.00 580.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 566.93 Td (Total capital \(to risk-weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 552.77 Td (Customers Bancorp, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.00 551.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.10 551.88 Td (698,323) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.50 551.88 Td (10.62) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 551.88 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.00 551.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 551.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.10 551.88 Td (526,247) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 551.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.50 551.88 Td (8.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 551.88 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 551.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.30 551.88 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.30 551.88 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 537.77 Td (Customers Bank) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.00 536.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.10 536.88 Td (710,864) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.50 536.88 Td (10.85) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 536.88 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.00 536.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 536.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.10 536.88 Td (524,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 536.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.50 536.88 Td (8.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 536.88 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 536.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 536.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.10 536.88 Td (655,369) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 536.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 518.50 536.88 Td (10.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.00 536.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 522.93 Td (Tier 1 capital \(to risk-weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 508.77 Td (Customers Bancorp, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.00 507.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.10 507.88 Td (556,193) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 507.88 Td (8.46) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 507.88 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.00 507.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 507.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.10 507.88 Td (394,685) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 507.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.50 507.88 Td (6.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 507.88 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 507.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.30 507.88 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.30 507.88 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 493.77 Td (Customers Bank) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.00 492.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.10 492.88 Td (565,217) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 492.88 Td (8.62) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 492.88 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.00 492.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 492.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.10 492.88 Td (393,221) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 492.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.50 492.88 Td (6.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 492.88 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 492.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 492.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.10 492.88 Td (524,295) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 492.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.50 492.88 Td (8.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.00 492.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 478.93 Td (Tier 1 capital \(to average assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 464.77 Td (Customers Bancorp, Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.00 463.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.10 463.88 Td (556,193) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 463.88 Td (7.16) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 463.88 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.00 463.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 463.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.10 463.88 Td (310,812) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 463.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.50 463.88 Td (4.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 463.88 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 463.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.30 463.88 Td (N/A) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 526.30 463.88 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 449.77 Td (Customers Bank) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.00 448.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.10 448.88 Td (565,217) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.50 448.88 Td (7.30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 296.00 448.88 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.00 448.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.00 448.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 335.10 448.88 Td (309,883) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 448.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.50 448.88 Td (4.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 407.00 448.88 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 448.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 448.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.10 448.88 Td (387,353) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 448.45 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.50 448.88 Td (5.0) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.00 448.88 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 434.93 Td (December 31, 2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 420.93 Td (Total capital \(to risk-weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 406.77 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 405.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.10 405.87 Td (578,644) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 405.87 Td (11.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 405.87 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.00 405.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 405.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.10 405.87 Td (417,473) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 405.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 405.87 Td (8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 405.87 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 405.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.30 405.87 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 405.87 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 391.77 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 390.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.10 390.87 Td (621,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.50 390.87 Td (11.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 390.87 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.00 390.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 390.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.10 390.87 Td (415,141) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 390.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 390.87 Td (8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 390.87 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 390.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 390.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 390.87 Td (518,926) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 390.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 390.87 Td (10.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 390.87 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 376.93 Td (Tier 1 capital \(to risk-weighted assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 362.77 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 361.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.10 361.87 Td (437,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.50 361.87 Td (8.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 361.87 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.00 361.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 361.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.10 361.87 Td (208,737) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 361.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 361.87 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 361.87 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 361.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.30 361.87 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 361.87 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 347.77 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 346.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.10 346.87 Td (480,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.50 346.87 Td (9.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 346.87 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.00 346.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 346.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.10 346.87 Td (207,570) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 346.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 346.87 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 346.87 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 346.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 346.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 346.87 Td (311,356) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 346.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 346.87 Td (6.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 346.87 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 332.93 Td (Tier 1 capital \(to average assets\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 318.77 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 317.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.10 317.87 Td (437,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.50 317.87 Td (6.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 317.87 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.00 317.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 317.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.10 317.87 Td (261,622) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 317.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 317.87 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 317.87 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 317.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.30 317.87 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.30 317.87 Td (N/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 303.77 Td (Customers Bank) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.00 302.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.10 302.87 Td (480,963) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.50 302.87 Td (7.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 302.87 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.00 302.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.00 302.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.10 302.87 Td (260,462) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.00 302.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.50 302.87 Td (4.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.65 302.87 Td (%) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 302.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 302.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.10 302.87 Td (325,577) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 484.00 302.45 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.50 302.87 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 302.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.70 Td (The new risk-based capital rules adopted ef) Tj ET Q q 0 0 0 rg BT 223.64 269.70 Td (fective January 1, 2015 require that banks and holding companies maintain a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.70 Td ("capital conservation buf) Tj ET Q q 0 0 0 rg BT 149.98 257.70 Td (fer" of 250 basis points in excess of the "minimum capital ratio." ) Tj ET Q q 0 0 0 rg BT 411.71 257.70 Td (The minimum capital ratio is equal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.70 Td (to the prompt corrective action adequately capitalized threshold ratio. ) Tj ET Q q 0 0 0 rg BT 330.26 245.70 Td (The capital conservation buf) Tj ET Q q 0 0 0 rg BT 444.20 245.70 Td (fer will be phased in over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.70 Td (four years beginning on January 1, 2016, with a maximum buf) Tj ET Q q 0 0 0 rg BT 299.77 233.70 Td (fer of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.20 233.70 Td (0.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.03 233.70 Td ( of risk weighted assets for 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.00 233.70 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.83 233.70 Td ( for 2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.70 Td (1.875%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.83 221.70 Td ( for 2018, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.43 221.70 Td (2.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.26 221.70 Td ( for 2019 and thereafter) Tj ET Q q 0 0 0 rg BT 254.11 221.70 Td (. Failure to maintain the required capital conservation buf) Tj ET Q q 0 0 0 rg BT 484.13 221.70 Td (fer will result in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.70 Td (limitations on capital distributions and on discretionary bonuses to executive of) Tj ET Q q 0 0 0 rg BT 367.53 209.70 Td (ficers. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 174.70 Td (NOTE19 DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 173.37 174.70 Td (ABOUT) Tj ET Q q 0 0 0 rg BT 208.75 174.70 Td ( F) Tj ET Q q 0 0 0 rg BT 216.62 174.70 Td (AIR ) Tj ET Q q 0 0 0 rg BT 237.27 174.70 Td (V) Tj ET Q q 0 0 0 rg BT 243.20 174.70 Td (ALUE OF) Tj ET Q q 0 0 0 rg BT 287.00 174.70 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 345.62 174.70 Td ( INSTRUMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 156.70 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 50.00 144.70 Td (value of its financial instruments.F) Tj ET Q q 0 0 0 rg BT 190.90 144.70 Td (ASB ) Tj ET Q q 0 0 0 rg BT 212.30 144.70 Td (ASC 825,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.75 144.70 Td (Financial Instruments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.86 144.70 Td (, requires disclosure of the estimated fair value of an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.70 Td (entity) Tj ET Q q 0 0 0 rg BT 75.55 132.70 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 50.00 120.70 Td (majority of its assets and liabilities are considered to be financial instruments. However) Tj ET Q q 0 0 0 rg BT 399.78 120.70 Td (, many of these instruments lack an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.70 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 96.70 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 96.70 Td (ASB ) Tj ET Q q 0 0 0 rg BT 458.58 96.70 Td (ASC 820, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 500.54 96.70 Td (Fair V) Tj ET Q q 0 0 0 rg BT 525.82 96.70 Td (alue ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 84.70 Td (Measur) Tj ET Q q 0 0 0 rg BT 80.18 84.70 Td (ements and Disclosur) Tj ET Q q 0 0 0 rg BT 166.47 84.70 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.80 84.70 Td (, as explained below) Tj ET Q q 0 0 0 rg BT 255.79 84.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.70 Td (In accordance with ) Tj ET Q q 0 0 0 rg BT 128.02 60.70 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 48.70 Td (to transfer a liability in an orderly transaction between market participants at the measurement date.Fair value is best ) Tj ET Q endstream endobj 273 0 obj <>] /Rotate 0 /Contents 274 0 R>> endobj 274 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (determined based upon quoted market prices.However) Tj ET Q q 0 0 0 rg BT 270.36 742.10 Td (, in many instances, there are no quoted market prices for Customers) Tj ET Q q 0 0 0 rg BT 547.58 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 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 50.00 718.10 Td (present value or other valuation techniques.) Tj ET Q q 0 0 0 rg BT 226.70 718.10 Td (Those techniques are significantly af) Tj ET Q q 0 0 0 rg BT 373.69 718.10 Td (fected by the assumptions used, including the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (discount rate and estimates of future cash flows.) Tj ET Q q 0 0 0 rg BT 244.67 706.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 294.00 706.10 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 50.00 694.10 Td (settlement of the instrument.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (The fair value guidance provides a consistent definition of fair value, focusing on an exit price in an orderly transaction \(that is, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (not a forced liquidation or distressed sale\) 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 50.00 646.10 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 485.87 646.10 Td (, a change in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 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 50.00 622.10 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 50.00 610.10 Td (and circumstances and requires the use of significant judgment.) Tj ET Q q 0 0 0 rg BT 306.41 610.10 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 50.00 598.10 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 50.00 574.10 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 50.00 562.10 Td (value measurements:) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 547.70 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.95 527.77 Td (Level1:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 527.77 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 160.00 517.77 Td (identical, unrestricted assets or liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.95 488.77 Td (Level2:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 488.77 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 160.00 478.77 Td (indirectly, for substantially the full term of the asset or liability.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.95 449.77 Td (Level3:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.00 449.77 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 160.00 439.77 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 50.00 411.70 Td (A) Tj ET Q q 0 0 0 rg BT 56.67 411.70 Td ( financial instrument) Tj ET Q q 0 0 0 rg BT 142.20 411.70 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 50.00 399.70 Td (value measurement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 375.70 Td (The following methods and assumptions were used to estimate the fair values of Customers) Tj ET Q q 0 0 0 rg BT 418.90 375.70 Td ( financial instruments as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.70 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.58 363.70 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.02 363.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 363.70 Td (:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 342.70 Td (Cash and cash equivalents:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.70 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 481.04 324.70 Td ( fair values. ) Tj ET Q q 0 0 0 rg BT 530.29 324.70 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.70 Td (assets are included 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 50.00 291.70 Td (Investment securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 273.70 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 50.00 261.70 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 50.00 249.70 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 50.00 237.70 Td (by relying on the securities) Tj ET Q q 0 0 0 rg BT 160.89 237.70 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 50.00 225.70 Td (unobservable inputs due to limited or no market activity of the instrument \(Level 3\). ) Tj ET Q q 0 0 0 rg BT 389.46 225.70 Td (These assets are included as Level 1, 2, or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.70 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 50.00 189.70 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 50.00 177.70 Td (limited marketability of such securities. ) Tj ET Q q 0 0 0 rg BT 210.89 177.70 Td (These assets are included in 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 50.00 165.70 Td (that is significant to the fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 144.70 Td (Loans held for) Tj ET Q q 0 0 0 rg BT 112.05 144.70 Td ( sale - Residential mortgage loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.70 Td (The Bank 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 50.00 114.70 Td (investors within the secondary market for loans with similar characteristics. ) Tj ET Q q 0 0 0 rg BT 355.01 114.70 Td (These assets are included as Level 2 fair values, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.70 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 81.70 Td (Loans held for) Tj ET Q q 0 0 0 rg BT 112.05 81.70 Td ( sale - Mortgage war) Tj ET Q q 0 0 0 rg BT 199.61 81.70 Td (ehouse loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.70 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 51.70 Td (and fees, as specified in the respective agreements. ) Tj ET Q q 0 0 0 rg BT 255.84 51.70 Td (The loan is used by mortgage companies as short-term bridge financing ) Tj ET Q endstream endobj 275 0 obj <>] /Rotate 0 /Contents 276 0 R>> endobj 276 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 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 435.17 742.10 Td (. Changes in fair value are not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 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 50.00 718.10 Td (investor) Tj ET Q q 0 0 0 rg BT 81.67 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 86.11 718.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 136.02 718.10 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 477.83 718.10 Td (19 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.66 718.10 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (purchase to sale. ) Tj ET Q q 0 0 0 rg BT 118.68 706.10 Td (These assets are included 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 50.00 694.10 Td (fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (Loans held for) Tj ET Q q 0 0 0 rg BT 112.05 673.10 Td ( sale - Multi-family loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 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 50.00 640.10 Td (investors, recent sale transactions within the secondary markets for loans with similar characteristics, or non-binding indicative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (bids from brokers. ) Tj ET Q q 0 0 0 rg BT 125.92 628.10 Td (These assets are included as Level 3 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 50.00 616.10 Td (fair value measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 595.10 Td (Loans r) Tj ET Q q 0 0 0 rg BT 82.88 595.10 Td (eceivable, net of allowance for) Tj ET Q q 0 0 0 rg BT 210.72 595.10 Td ( loan losses:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 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 50.00 565.10 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 50.00 553.10 Td (contractual maturity or call dates, projected repayments and prepayments of principal. Generally) Tj ET Q q 0 0 0 rg BT 435.59 553.10 Td (, for variable rate loans that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 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 467.71 541.10 Td (These assets are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (included 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 50.00 508.10 Td (Impair) Tj ET Q q 0 0 0 rg BT 79.82 508.10 Td (ed loans:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 Td (Impaired loans are those that are accounted for under ) Tj ET Q q 0 0 0 rg BT 264.63 490.10 Td (ASC 450, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 306.58 490.10 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.79 490.10 Td (, in which the Bank has measured impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (generally based on the fair value of the loan) Tj ET Q q 0 0 0 rg BT 228.26 478.10 Td (s collateral.Fair value is generally determined based upon independent third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (appraisals of the properties that collateralize the loans, or discounted cash flows based upon the expected proceeds.) Tj ET Q q 0 0 0 rg BT 512.71 466.10 Td (These assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (are included 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 50.00 430.10 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 430.10 Td ( r) Tj ET Q q 0 0 0 rg BT 82.12 430.10 Td (eal estate owned:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (The fair value of OREO is determined using appraisals, which may be discounted based on management) Tj ET Q q 0 0 0 rg BT 470.99 412.10 Td (s review and changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (in market conditions.) Tj ET Q q 0 0 0 rg BT 136.66 400.10 Td (All appraisals must be performed in accordance with the Uniform Standards of Professional ) Tj ET Q q 0 0 0 rg BT 506.28 400.10 Td (Appraisal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (Practice.) Tj ET Q q 0 0 0 rg BT 86.65 388.10 Td (Appraisals are certified to the Bank and performed by appraisers on the Bank) Tj ET Q q 0 0 0 rg BT 398.76 388.10 Td (s approved list of appraisers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (Evaluations are completed by a person independent of management.) Tj ET Q q 0 0 0 rg BT 325.28 376.10 Td (The content of the appraisal depends on the complexity of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (the property) Tj ET Q q 0 0 0 rg BT 97.94 364.10 Td (.) Tj ET Q q 0 0 0 rg BT 102.39 364.10 Td (Appraisals are completed on a retail value and an as is value. ) Tj ET Q q 0 0 0 rg BT 366.26 364.10 Td (These assets are included as Level 3 fair values, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 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 50.00 331.10 Td (Deposit liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (The fair values disclosed for interest and non-interest checking, passbook savings and money market deposit accounts are, by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (definition, 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 457.74 301.10 Td (These liabilities are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (included as 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 50.00 271.10 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 50.00 259.10 Td (currently being of) Tj ET Q q 0 0 0 rg BT 121.46 259.10 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 50.00 247.10 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 50.00 235.10 Td (measurements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (Federal funds pur) Tj ET Q q 0 0 0 rg BT 127.05 214.10 Td (chased:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 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 464.97 196.10 Td (These liabilities are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (included 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 50.00 163.10 Td (Borr) Tj ET Q q 0 0 0 rg BT 70.37 163.10 Td (owings:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 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 313.56 145.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.56 145.10 Td (-year senior unsecured notes, and subordinated debt.For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (short-term borrowings, the carrying amount is considered a reasonable estimate of fair value and is included as Level 1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (Fair values of long-term FHLB advances are estimated using discounted cash flow analysis, based on quoted prices for new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (FHLB advances with similar credit risk characteristics, terms and remaining maturity) Tj ET Q q 0 0 0 rg BT 390.64 103.10 Td (. ) Tj ET Q q 0 0 0 rg BT 395.46 103.10 Td (The prices obtained from this active ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (market represent a market value that is deemed to represent the transfer price if the liability were assumed by a third party) Tj ET Q q 0 0 0 rg BT 537.21 91.10 Td (. Fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (values of privately placed subordinated and senior unsecured debt are estimated by a third-party financial adviser using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (discounted cash flow analysis, based on market rates currently of) Tj ET Q q 0 0 0 rg BT 310.29 67.10 Td (fered on such debt with similar credit-risk characteristics, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 55.10 Td (terms and remaining maturity) Tj ET Q q 0 0 0 rg BT 167.93 55.10 Td (. ) Tj ET Q q 0 0 0 rg BT 172.75 55.10 Td (These liabilities are included as Level 2 fair values, based upon the lowest level of input that is ) Tj ET Q endstream endobj 277 0 obj <>] /Rotate 0 /Contents 278 0 R>> endobj 278 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 50.00 742.10 Td (significant to the fair value measurements. ) Tj ET Q q 0 0 0 rg BT 222.26 742.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.31 742.10 Td ($63 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.70 742.10 Td ( senior unsecured notes issued during third quarter 2013 are traded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (on the New ) Tj ET Q q 0 0 0 rg BT 98.23 730.10 Td (Y) Tj ET Q q 0 0 0 rg BT 104.45 730.10 Td (ork Stock Exchange, and their price can be obtained daily) Tj ET Q q 0 0 0 rg BT 334.82 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 339.64 730.10 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 50.00 700.10 Td (Derivatives \(Assets and Liabilities\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 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 50.00 670.10 Td (market data into a market standard methodology) Tj ET Q q 0 0 0 rg BT 243.18 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 248.00 670.10 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 50.00 658.10 Td (discounted expected variable cash payments. ) Tj ET Q q 0 0 0 rg BT 231.97 658.10 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 50.00 646.10 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 484.93 646.10 Td (fect of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (nonperformance risk by incorporating credit valuation adjustments for the Bank and its counterparties. ) Tj ET Q q 0 0 0 rg BT 462.48 634.10 Td (These assets and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 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 50.00 610.10 Td (measurements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 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 50.00 574.10 Td (when the underlying mortgage loan is sold in the secondary market. ) Tj ET Q q 0 0 0 rg BT 323.64 574.10 Td (The Bank uses commitments on hand from third party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (investors to estimate an exit price, and adjusts for the probability of the commitment being exercised based on the Bank) Tj ET Q q 0 0 0 rg BT 531.54 562.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (internal experience \(i.e., pull-through rate\). ) Tj ET Q q 0 0 0 rg BT 225.02 550.10 Td (These assets and liabilities are included as Level 3 fair values, based upon the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (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 50.00 517.10 Td (Off-balance-sheet financial instruments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (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 50.00 487.10 Td (amounts. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 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 50.00 451.10 Td (measurements are only provided for a limited portion of Customers) Tj ET Q q 0 0 0 rg BT 322.25 451.10 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 50.00 439.10 Td (techniques and the degree of subjectivity used in making these estimates, comparisons between Customers) Tj ET Q q 0 0 0 rg BT 479.15 439.10 Td ( disclosures and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (those of other companies may not be meaningful.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (The estimated fair values of Customers) Tj ET Q q 0 0 0 rg BT 209.49 403.10 Td ( financial instruments were as follows at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.61 403.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.19 403.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.63 403.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.63 403.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 305.60 200.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 305.60 53.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 305.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 305.60 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 305.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 305.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 305.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 305.60 61.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 305.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 305.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 276.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 276.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 276.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 276.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 276.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 276.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 276.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 276.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 276.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 276.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 246.60 200.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 246.60 53.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 246.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 246.60 56.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 246.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 246.60 61.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 246.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 246.60 61.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 246.60 4.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 246.60 64.00 -24.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 198.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 198.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 198.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 198.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 198.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 198.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 198.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 198.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 198.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 198.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 169.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 169.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 169.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 169.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 169.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 169.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 169.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 169.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 169.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 169.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 139.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 139.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 139.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 139.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 139.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 139.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 139.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 139.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 139.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 139.60 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 109.60 200.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 109.60 53.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 109.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 307.50 109.60 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 363.50 109.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 367.50 109.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 109.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 432.50 109.60 61.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 109.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 109.60 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 367.5 379.6 m 428.5 379.6 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 432.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 379.6 m 493.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 379.6 m 497.5 379.6 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 561.5 379.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 318.6 m 303.5 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307.5 318.6 m 363.5 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 318.6 m 428.5 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 318.6 m 493.5 318.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 318.6 m 561.5 318.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.70 330.83 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.45 322.83 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.65 330.83 Td (Estimated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.15 322.83 Td (Fair) Tj ET Q q 0 0 0 rg BT 331.67 322.83 Td ( ) Tj ET Q q 0 0 0 rg BT 333.52 322.83 Td (V) Tj ET Q q 0 0 0 rg BT 338.56 322.83 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.55 383.83 Td (FairValueMeasurementsatDecember 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.80 370.83 Td (Quoted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.70 362.83 Td (Prices in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.60 354.83 Td (Active) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.00 346.83 Td (Marketsfor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.35 338.83 Td (Identical) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.80 330.83 Td (Assets) Tj 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 367.5 675.5 m 428.5 675.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432.5 675.5 m 493.5 675.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 675.5 m 561.5 675.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 260.70 687.73 Td (Carrying) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.45 679.73 Td (Amount) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.65 687.73 Td (Estimated) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.15 679.73 Td (Fair) Tj ET Q q 0 0 0 rg BT 331.67 679.73 Td ( ) Tj ET Q q 0 0 0 rg BT 333.52 679.73 Td (V) Tj ET Q q 0 0 0 rg BT 338.56 679.73 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.10 740.58 Td (FairValueMeasurementsatDecember 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 384.80 727.73 Td (Quoted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.70 719.73 Td (Prices in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.60 711.73 Td (Active) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 377.00 703.73 Td (Marketsfor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.35 695.73 Td (Identical) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 386.80 687.73 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.50 679.73 Td (\(Level 1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.05 711.73 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.35 703.73 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 442.90 695.73 Td (Observable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.35 687.73 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.50 679.73 Td (\(Level 2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.55 703.73 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 505.40 695.73 Td (Unobservable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.85 687.73 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.00 679.73 Td (\(Level 3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 667.45 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 654.23 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 641.07 Td (Cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 641.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 641.07 Td (371,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 641.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 641.07 Td (371,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 641.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 641.07 Td (371,023) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 641.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 641.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 641.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 641.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 627.07 Td (Investment securities, available for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 627.07 Td (416,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 627.07 Td (416,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 627.07 Td (24,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 627.07 Td (392,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 627.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 613.07 Td (Loans held for sale) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.60 613.07 Td (1,435,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.60 613.07 Td (1,436,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 613.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 613.07 Td (1,335,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 613.07 Td (100,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 599.07 Td (Loans receivable, net of allowance for loan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 589.07 Td (losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.60 589.17 Td (4,281,241) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.60 589.17 Td (4,285,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 589.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 589.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 589.17 Td (4,285,537) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 575.07 Td (FHLB and Federal Reserve Bank, and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 565.07 Td (restricted stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 564.17 Td (82,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 564.17 Td (82,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 564.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 564.17 Td (82,002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 564.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 550.07 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.15 549.17 Td (7,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 549.17 Td (7,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 549.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 549.17 Td (7,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 549.17 Td (43) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 535.23 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.07 Td (Deposits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.00 521.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.60 521.07 Td (4,532,538) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 521.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.60 521.07 Td (4,540,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.00 521.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.60 521.07 Td (2,820,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 521.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.60 521.07 Td (1,719,632) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 521.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 521.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 507.07 Td (FHLB advances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.60 507.07 Td (1,618,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.60 507.07 Td (1,619,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.60 507.07 Td (1,298,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 507.07 Td (321,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 507.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 493.07 Td (Other borrowings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.15 493.07 Td (88,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 493.07 Td (92,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 493.07 Td (66,944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 493.07 Td (25,125) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 493.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 479.07 Td (Subordinated debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.10 478.17 Td (110,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.15 478.17 Td (111,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 478.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 478.17 Td (111,925) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 478.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 464.07 Td (Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.15 463.17 Td (9,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.15 463.17 Td (9,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 463.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 463.17 Td (9,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 463.17 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.00 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 50.00 423.00 Td (level within the fair value hierarchy used at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.04 423.00 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.62 423.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.06 423.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.06 423.00 Td ( were as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 336.50 252.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 336.50 72.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 336.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 336.50 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 336.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 336.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 336.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 336.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 308.50 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 308.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 308.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 308.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 308.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 308.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 308.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 308.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 278.50 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 278.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 278.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 278.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 278.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 278.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 278.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 278.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 248.50 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 248.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 248.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 248.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 248.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 248.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 248.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 248.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 218.50 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 218.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 218.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 218.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 218.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 218.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 218.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 218.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 189.50 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 189.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 189.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 189.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 189.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 189.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 189.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 189.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 160.50 252.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 160.50 72.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 160.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 160.50 66.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 160.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 160.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 160.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 160.50 55.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 131.50 252.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 302.50 131.50 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 131.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 131.50 66.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 444.50 131.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.50 131.50 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 503.50 131.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 507.50 131.50 55.00 -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 302.5 399.5 m 374.5 399.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 399.5 m 378.5 399.5 l s 0 0 0 RG /GS0 gs 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RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 554.5 m 374.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 540.5 m 374.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 538.5 m 374.5 538.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 554.5 m 444.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 540.5 m 444.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 538.5 m 444.5 538.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 554.5 m 503.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 540.5 m 503.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 538.5 m 503.5 538.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 554.5 m 562.5 554.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 540.5 m 562.5 540.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 538.5 m 562.5 538.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 511.5 m 374.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 509.5 m 374.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 511.5 m 444.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 509.5 m 444.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 511.5 m 503.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 509.5 m 503.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 511.5 m 562.5 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 509.5 m 562.5 509.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 451.5 m 374.5 451.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 437.5 m 374.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 302.5 435.5 m 374.5 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 451.5 m 444.5 451.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 437.5 m 444.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 435.5 m 444.5 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 451.5 m 503.5 451.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 437.5 m 503.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448.5 435.5 m 503.5 435.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 451.5 m 562.5 451.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 437.5 m 562.5 437.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 435.5 m 562.5 435.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.75 739.73 Td (December 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.25 726.73 Td (Fair Value Measurements at the End of the Reporting Period Using) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 309.55 713.73 Td (Quoted Prices in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 305.60 705.73 Td (ActiveMarkets for) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 311.40 697.73 Td (Identical ) Tj ET Q q 0 0 0 rg BT 343.18 697.73 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.00 689.73 Td (\(Level 1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 381.40 713.73 Td (Significant Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 391.40 705.73 Td (Observable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 399.85 697.73 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 689.73 Td (\(Level 2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.05 713.73 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.90 705.73 Td (Unobservable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.35 697.73 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.50 689.73 Td (\(Level 3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.75 689.73 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 676.75 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 663.23 Td (Measured at Fair Value on a Recurring Basis:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 649.23 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 635.07 Td (Available-for-sale securities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 620.07 Td (Mortgage-backed securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 619.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 619.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 619.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 619.17 Td (377,311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 619.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 619.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 619.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 619.17 Td (377,311) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 605.07 Td (Corporate notes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 604.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 604.17 Td (15,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 604.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 604.17 Td (15,104) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.00 590.07 Td (Equity securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 589.17 Td (24,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 589.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 589.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 589.17 Td (24,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 575.07 Td (Derivatives \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 574.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 574.17 Td (7,509) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 574.17 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 574.17 Td (7,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 560.07 Td (Loans held for sale fair value option) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 559.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 559.17 Td (1,335,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 559.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 559.17 Td (1,335,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 545.07 Td (Total assets - recurring fair value measurements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 544.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 544.17 Td (24,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 544.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.65 544.17 Td (1,735,592) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 544.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 544.17 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 544.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.60 544.17 Td (1,759,905) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 530.23 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 516.07 Td (Derivatives \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 515.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 515.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 515.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 515.17 Td (9,716) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 515.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 515.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 515.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 515.17 Td (9,716) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 501.23 Td (Measured at Fair Value on a Nonrecurring Basis:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 487.23 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 472.07 Td (Impaired loans, net of specific reserves of $1,342) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 471.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 471.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 471.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 471.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 471.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 471.17 Td (2,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 471.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 471.17 Td (2,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 457.07 Td (Other real estate owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 456.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 456.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 456.17 Td (9,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 456.17 Td (9,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 442.07 Td (Total assets - nonrecurring fair value measurements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 441.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.65 441.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 441.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 441.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 441.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 441.17 Td (11,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.00 441.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 441.17 Td (11,529) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 425.00 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 425.00 Td (Included in Other ) Tj ET Q q 0 0 0 rg BT 152.93 425.00 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 413.00 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 413.00 Td (Included in Other Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.00 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 410.15 389.00 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.73 389.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.17 389.00 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.17 389.00 Td ( were as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.00 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.25 294.50 353.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.25 294.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.25 294.50 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.25 294.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.25 294.50 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.25 264.50 353.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.25 264.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.25 264.50 75.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 482.25 264.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.25 264.50 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 407.25 339.5 m 482.25 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.25 339.5 m 486.25 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.25 339.5 m 561.25 339.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.25 324.5 m 482.25 324.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.25 324.5 m 486.25 324.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.25 324.5 m 561.25 324.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.25 309.5 m 482.25 309.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.25 309.5 m 486.25 309.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.25 309.5 m 561.25 309.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.25 249.5 m 482.25 249.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.25 235.5 m 482.25 235.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.25 233.5 m 482.25 233.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.25 249.5 m 486.25 249.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.25 235.5 m 486.25 235.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 482.25 233.5 m 486.25 233.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.25 249.5 m 561.25 249.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.25 235.5 m 561.25 235.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.25 233.5 m 561.25 233.5 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.50 343.73 Td (For the Years Ended December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.25 328.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.25 328.73 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 411.85 313.73 Td (Residential MortgageLoan Commitments) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.75 298.96 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.75 284.17 Td (Balance at January 1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.75 284.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.40 284.17 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.75 284.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.40 284.17 Td (240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.75 269.17 Td (Issuances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.40 269.17 Td (273) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.40 269.17 Td (235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.75 254.17 Td (Settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.05 254.22 Td (\(271) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.40 254.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.05 254.22 Td (\(432) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.40 254.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.75 239.17 Td (Balance at December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.75 239.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.40 239.17 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.75 239.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.40 239.17 Td (43) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 206.20 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 194.20 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 518.95 194.20 Td (There ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 182.20 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 276.30 182.20 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.38 182.20 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.88 182.20 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.88 182.20 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.32 182.20 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.32 182.20 Td (.) Tj ET Q endstream endobj 283 0 obj <>] /Rotate 0 /Contents 284 0 R>> endobj 284 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 50.00 742.10 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 451.80 742.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.39 742.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 730.10 Td ( for which Customers utilized Level 3 inputs to measure fair value:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 672.60 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 672.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 672.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 672.60 104.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 672.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 672.60 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 672.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 672.60 104.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 642.60 105.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 642.60 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 642.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 642.60 104.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 642.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 642.60 107.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 642.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 642.60 104.00 -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 155.5 706.6 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 239.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 706.6 m 343.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 706.6 m 347.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 706.6 m 454.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 706.6 m 458.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 706.6 m 562.5 706.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.05 710.83 Td (QuantitativeInformationaboutLevel3FairValueMeasurements) 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 53 688.580078125 m 117.5 688.580078125 l s q 0 0 0 rg BT 53.00 689.83 Td (December 31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.15 697.83 Td (FairValue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.85 689.83 Td (Estimate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.90 689.83 Td (ValuationTechnique) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.35 689.83 Td (Unobservable Input) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.55 697.83 Td (Range\(Weighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.05 689.83 Td (Average\)\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 676.85 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 663.17 Td (Impaired loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 662.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.15 662.27 Td (4,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.90 662.27 Td (Collateralappraisal\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.75 662.27 Td (Liquidationexpenses\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 662.27 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 662.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 648.17 Td (Other real estate owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.65 647.27 Td (358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.90 647.27 Td (Collateralappraisal\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.75 647.27 Td (Liquidationexpenses\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 647.27 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 647.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 633.17 Td (Residential mortgage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 623.17 Td (loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.65 622.27 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 622.27 Td (Adjusted market bid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.45 622.27 Td (Pull-through rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 622.27 Td (94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 622.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 603.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 546.20 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 546.20 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 546.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 546.20 104.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 546.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 546.20 107.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 546.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 546.20 104.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 516.20 105.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 155.50 516.20 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 235.50 516.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 239.50 516.20 104.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 343.50 516.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 347.50 516.20 107.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 516.20 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 458.50 516.20 104.00 -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 155.5 580.2 m 235.5 580.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 235.5 580.2 m 239.5 580.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 580.2 m 343.5 580.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343.5 580.2 m 347.5 580.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347.5 580.2 m 454.5 580.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 454.5 580.2 m 458.5 580.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 580.2 m 562.5 580.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 584.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 246.05 584.43 Td (QuantitativeInformationaboutLevel3FairValueMeasurements) 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 53 562.180078125 m 117.5 562.180078125 l s q 0 0 0 rg BT 53.00 563.43 Td (December 31, 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 177.15 571.43 Td (FairValue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 179.85 563.43 Td (Estimate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.90 563.43 Td (Valuation Technique) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 366.35 563.43 Td (Unobservable Input) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 480.55 571.43 Td (Range\(Weighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.05 563.43 Td (Average\)\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 550.45 Td (\(dollars in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 536.77 Td (Impaired loans) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.00 535.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.15 535.87 Td (2,380) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.90 535.87 Td (Collateralappraisal\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.75 535.87 Td (Liquidationexpenses\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 535.87 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 535.87 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.77 Td (Other real estate owned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.15 520.87 Td (9,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.90 520.87 Td (Collateralappraisal\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.75 520.87 Td (Liquidationexpenses\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.95 520.87 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.30 520.87 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 506.77 Td (Residential mortgage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 496.77 Td (loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.65 495.87 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.15 495.87 Td (Adjusted market bid) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.45 495.87 Td (Pull-through rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 495.87 Td (80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 495.87 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 479.70 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 479.70 Td (Obtained from approved independent appraisers.) Tj ET Q q 0 0 0 rg BT 277.61 479.70 Td (Appraisals are current and in compliance with credit policy) Tj ET Q q 0 0 0 rg BT 514.09 479.70 Td (. ) Tj ET Q q 0 0 0 rg BT 518.91 479.70 Td (The Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 467.70 Td (does not generally discount appraisals.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 455.70 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 455.70 Td (Fair value is adjusted for estimated costs to sell.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 48.95 443.70 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.45 443.70 Td (Presented as a percentage of the value determined by appraisal for impaired loans and other real estate owned.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 413.70 Td (NOTE 20 DERIV) Tj ET Q q 0 0 0 rg BT 136.78 413.70 Td (A) Tj ET Q q 0 0 0 rg BT 143.26 413.70 Td (TIVE INSTRUMENTS ) Tj ET Q q 0 0 0 rg BT 245.51 413.70 Td (AND HEDGING ) Tj ET Q q 0 0 0 rg BT 319.96 413.70 Td (ACTIVITIES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 383.70 Td (Risk Management Objectives of Using Derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.70 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 50.00 353.70 Td (economic risks, including interest rate, liquidity) Tj ET Q q 0 0 0 rg BT 240.70 353.70 Td (, and credit risk, primarily by managing the amount, sources, and durations of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.70 Td (its assets and liabilities. Specifically) Tj ET Q q 0 0 0 rg BT 194.04 341.70 Td (, Customers enters into derivative financial instruments to manage exposures that arise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.70 Td (from business activities that result in the receipt or payment of future known and uncertain cash amounts, the value of which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.70 Td (are determined by interest rates. Customers) Tj ET Q q 0 0 0 rg BT 225.86 317.70 Td ( derivative financial instruments are used to manage dif) Tj ET Q q 0 0 0 rg BT 447.83 317.70 Td (ferences in the amount, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.70 Td (timing, and duration of Customers) Tj ET Q q 0 0 0 rg BT 190.07 305.70 Td ( known or expected cash receipts and its known or expected cash payments principally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.70 Td (related to certain fixed-rate borrowings. Customers also has interest-rate derivatives resulting from a service provided to certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.70 Td (qualifying customers, and therefore, they are not used to manage Customers) Tj ET Q q 0 0 0 rg BT 356.94 281.70 Td ( interest-rate risk in assets or liabilities. Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.70 Td (manages a matched book with respect to its derivative instruments used in this customer service in order to minimize its net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.70 Td (risk exposure resulting from such transactions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 227.70 Td (Cash Flow Hedges of Inter) Tj ET Q q 0 0 0 rg BT 163.70 227.70 Td (est Rate Risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.70 Td (Customers) Tj ET Q q 0 0 0 rg BT 95.37 209.70 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 50.00 197.70 Td (interest rate movements. ) Tj ET Q q 0 0 0 rg BT 150.34 197.70 Td (T) Tj ET Q q 0 0 0 rg BT 155.75 197.70 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 50.00 185.70 Td (risk management strategy) Tj ET Q q 0 0 0 rg BT 152.09 185.70 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 50.00 173.70 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 50.00 161.70 Td (underlying notional amount. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.70 Td (The ef) Tj ET Q q 0 0 0 rg BT 75.63 137.70 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 50.00 125.70 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 50.00 113.70 Td (forecasted transaction af) Tj ET Q q 0 0 0 rg BT 147.54 113.70 Td (fects earnings. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.63 113.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.63 113.70 Td ( and 2014, 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 50.00 101.70 Td (associated with a forecasted issuance of debt. ) Tj ET Q q 0 0 0 rg BT 233.64 101.70 Td (The inef) Tj ET Q q 0 0 0 rg BT 267.05 101.70 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 89.70 Td (recognized directly in earnings. During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.39 89.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.39 89.70 Td ( and 2014, Customers did not record any hedge inef) Tj ET Q q 0 0 0 rg BT 436.38 89.70 Td (fectiveness. ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 50.00 79.50 Td () Tj ET Q endstream endobj 285 0 obj <>] /Rotate 0 /Contents 286 0 R>> endobj 286 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 q 0 0 0 rg BT 50.00 742.10 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 50.00 730.10 Td (interest payments are made on Customers) Tj ET Q q 0 0 0 rg BT 219.49 730.10 Td ( variable-rate debt. Customers expects to reclassify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.08 730.10 Td ($1.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.97 730.10 Td ( from accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 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 50.00 694.10 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 50.00 682.10 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 50.00 658.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 658.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 658.10 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.52 658.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.52 658.10 Td (, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.74 658.10 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.18 658.10 Td ( outstanding interest rate derivative with a notional amount of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.56 658.10 Td (150.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 646.10 Td ( that was designated as a cash flow hedge of interest rate risk. ) Tj ET Q q 0 0 0 rg BT 327.51 646.10 Td (The hedge expires in ) Tj ET Q q 0 0 0 rg BT 413.04 646.10 Td (April 2019.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (Derivatives Not Designated as Hedging Instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 598.10 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 50.00 586.10 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 464.12 586.10 Td (The customer interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (rate swaps are simultaneously of) Tj ET Q q 0 0 0 rg BT 180.34 574.10 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 50.00 562.10 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 50.00 550.10 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 468.56 550.10 Td (fsetting third-party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.10 Td (market swaps are recognized directly in earnings. ) Tj ET Q q 0 0 0 rg BT 249.92 538.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.42 538.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.01 538.10 Td (, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.22 538.10 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.22 538.10 Td ( interest rate swaps with an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (aggregate notional amount of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.96 526.10 Td (461.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.85 526.10 Td ( related to this program. ) Tj ET Q q 0 0 0 rg BT 326.61 526.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.11 526.10 Td (December31, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.69 526.10 Td (, Customers had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.91 526.10 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.91 526.10 Td ( interest rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (swaps with an aggregate notional amount of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.12 514.10 Td (251.9 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.01 514.10 Td ( related to this program. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.10 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 50.00 478.10 Td (fund mortgage loans at specified rates and times in the future. ) Tj ET Q q 0 0 0 rg BT 299.18 478.10 Td (These commitments are short-term in nature and generally expire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 466.10 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.28 466.10 Td ( to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.06 466.10 Td (60 days) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.89 466.10 Td (. ) Tj ET Q q 0 0 0 rg BT 118.71 466.10 Td (The residential mortgage loan commitments that relate to the origination of mortgage loans that will be held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (for sale are considered derivative instruments under applicable accounting guidance and are reported at fair value, with changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (in fair value recorded directly to earnings. ) Tj ET Q q 0 0 0 rg BT 219.93 442.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.43 442.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.02 442.10 Td ( and 2014, Customers had an outstanding notional balance of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (residential mortgage loan commitments of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.90 430.10 Td (2.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.79 430.10 Td ( and $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.23 430.10 Td (3.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.12 430.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 391.78 430.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (Customers also purchased credit derivatives to hedge the performance risk associated with one of its counterparties. ) Tj ET Q q 0 0 0 rg BT 515.50 406.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (derivatives are not designated as hedging instruments and are reported at fair value, with changes in fair value reported directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (in earnings. ) Tj ET Q q 0 0 0 rg BT 98.60 382.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.10 382.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.69 382.10 Td ( and 2014, Customers had an outstanding notional balance of credit derivatives of $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.05 382.10 Td (19.3 ) 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 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.83 370.10 Td ($13.4 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.72 370.10 Td (, respectively) Tj ET Q q 0 0 0 rg BT 207.38 370.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (Fair) Tj ET Q q 0 0 0 rg BT 68.14 340.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.46 340.10 Td (V) Tj ET Q q 0 0 0 rg BT 76.77 340.10 Td (alue of Derivative Instruments on the Balance Sheet) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (The following table presents the fair value of Customers) Tj ET Q q 0 0 0 rg BT 278.08 322.10 Td ( derivative financial instruments as well as the classification on the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (balance sheet at December 31, 2015 and 2014.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 295.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 213.20 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 213.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 213.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 213.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 213.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 213.20 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 213.20 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 213.20 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 213.20 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 183.20 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 183.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 183.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 183.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 183.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 183.20 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 183.20 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 183.20 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 183.20 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 153.20 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 153.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 153.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 153.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 153.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 153.20 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 153.20 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 153.20 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 153.20 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 123.20 216.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 265.50 123.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 272.50 123.20 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 339.50 123.20 7.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 346.50 123.20 55.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 401.50 123.20 12.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 413.50 123.20 71.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 123.20 8.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 123.20 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 272.5 270.20000000000005 m 339.5 270.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 270.20000000000005 m 346.5 270.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 270.20000000000005 m 401.5 270.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401.5 270.20000000000005 m 413.5 270.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 270.20000000000005 m 484.5 270.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 270.20000000000005 m 492.5 270.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 270.20000000000005 m 561.5 270.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 255.20000000000005 m 339.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 339.5 255.20000000000005 m 346.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 255.20000000000005 m 401.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 270.20000000000005 m 484.5 270.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 255.20000000000005 m 484.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 270.20000000000005 m 492.5 270.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 255.20000000000005 m 492.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 270.20000000000005 m 561.5 270.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 255.20000000000005 m 561.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 255.20000000000005 m 484.5 255.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 272.5 225.20000000000005 m 339.5 225.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 225.20000000000005 m 401.5 225.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 225.20000000000005 m 484.5 225.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 225.20000000000005 m 561.5 225.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 183.20000000000005 m 561.5 183.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 183.20000000000005 m 401.5 183.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 169.20000000000005 m 401.5 169.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 167.20000000000005 m 401.5 167.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 169.20000000000005 m 561.5 169.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 167.20000000000005 m 561.5 167.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 108.20000000000005 m 401.5 108.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 94.20000000000005 m 401.5 94.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346.5 92.20000000000005 m 401.5 92.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 108.20000000000005 m 561.5 108.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 94.20000000000005 m 561.5 94.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 92.20000000000005 m 561.5 92.20000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 380.20 274.65 Td (December 31, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 303.60 259.65 Td (Derivative Assets) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 446.60 259.65 Td (Derivative Liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 275.00 244.65 Td (Balance Sheet) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 416.00 244.65 Td (Balance Sheet) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 288.45 229.65 Td (Location) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 353.45 229.65 Td (Fair Value) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 431.45 229.65 Td (Location) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 506.45 229.65 Td (Fair Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 217.15 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 202.87 Td (Derivatives designated as cash flow hedges:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 187.87 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.00 187.87 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 187.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 187.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 187.87 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 187.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 187.87 Td (4,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 172.87 Td ( Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 172.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 172.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 172.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 172.87 Td (4,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 157.87 Td (Derivatives not designated as hedging instruments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 142.87 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.00 142.87 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 142.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 142.87 Td (9,088) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 142.87 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 142.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 142.87 Td (9,455) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 127.87 Td ( Credit contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.00 127.87 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 127.87 Td (162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 127.87 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 127.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 112.87 Td ( Residential mortgage loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.00 112.87 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 112.87 Td (45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.00 112.87 Td (Other liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 112.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 97.87 Td ( Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.00 97.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 97.87 Td (9,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 97.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 97.87 Td (9,455) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 287 0 obj <>] /Rotate 0 /Contents 288 0 R>> endobj 288 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (142) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 691.50 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instruments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 277.07 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.50 276.17 Td (Other non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 276.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 276.17 Td (550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 262.07 Td (Credit contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.50 261.17 Td (Other non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.30 261.22 Td (\(91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 261.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 247.07 Td ( Residential mortgage loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.90 246.17 Td (Mortgage loan and banking income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 246.22 Td (\(197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 246.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 232.07 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 232.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 232.07 Td (262) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 148.50 230.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 148.50 155.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 148.50 125.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 119.50 230.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 280.50 119.50 155.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 435.50 119.50 125.00 -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 280.5 181.5 m 435.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 181.5 m 560.5 181.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280.5 160.5 m 435.5 160.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 160.5 m 560.5 160.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 104.5 m 560.5 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 104.5 m 560.5 104.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 91.5 m 560.5 91.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 89.5 m 560.5 89.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 185.45 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 345.05 184.90 Td (For the Year Ended December 31, 2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 164.75 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 304.50 164.95 Td (Income Statement Location) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 450.85 172.90 Td (Amountofincome\(loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 454.30 163.90 Td (r) Tj ET Q q 0 0 0 rg BT 458.13 163.90 Td (ecognizedinearnings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 152.45 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 139.07 Td (Derivatives not designated as hedging instruments:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 125.07 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.00 124.17 Td (Other non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 124.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 124.17 Td (711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 110.07 Td ( Residential mortgage loan commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.40 109.17 Td (Mortgage loan and banking income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 109.17 Td (240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 95.07 Td ( Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.00 95.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 95.07 Td (951) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 289 0 obj <>] /Rotate 0 /Contents 290 0 R>> endobj 290 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (143) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 643.50 195.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 643.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 643.50 106.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 354.50 643.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 358.50 643.50 94.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.50 643.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 456.50 643.50 105.00 -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 248.5 733.5 m 354.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 733.5 m 358.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 733.5 m 452.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452.5 733.5 m 456.5 733.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 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 /F2 9.00 Tf ET q 0 0 0 rg BT 329.55 737.95 Td (For the Year Ended December 31, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.45 722.95 Td (Location of Gain) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.35 722.95 Td (Amount of Gain \(Loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 270.45 707.95 Td (Amount of Loss) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.35 707.95 Td (\(Loss\) Reclassified) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 475.20 707.95 Td (Reclassified from) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.60 692.95 Td (Recognized in OCI on) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.20 692.95 Td (from Accumulated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 464.75 692.95 Td (Accumulated OCI into) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 259.60 677.95 Td (Derivatives \(Effective) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 372.50 677.95 Td (OCI into Income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.60 677.95 Td (Income \(Effective) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.60 662.95 Td (Portion\) \(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 369.35 662.95 Td (\(Effective Portion\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 492.50 662.95 Td (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 (Derivatives in cash flow hedging relationships:) 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 324.80 618.22 Td (\(1,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 618.17 Td (\)) 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 547.65 618.17 Td () Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 474.50 194.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 244.50 474.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 248.50 474.50 105.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 353.50 474.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 357.50 474.50 94.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 451.50 474.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 455.50 474.50 105.00 -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 248.5 564.5 m 353.5 564.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353.5 564.5 m 357.5 564.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 564.5 m 451.5 564.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 451.5 564.5 m 455.5 564.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 564.5 m 560.5 564.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 489.5 m 353.5 489.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 489.5 m 451.5 489.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 489.5 m 560.5 489.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 445.5 m 353.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 248.5 443.5 m 353.5 443.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 445.5 m 560.5 445.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455.5 443.5 m 560.5 443.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 329.05 568.95 Td (For the Year Ended December 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.45 553.95 Td (Location of Gain) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.35 553.95 Td (Amount of Gain \(Loss\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 269.95 538.95 Td (Amount of Loss) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.35 538.95 Td (\(Loss\) Reclassified) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.20 538.95 Td (Reclassified from) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.10 523.95 Td (Recognized in OCI on) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.20 523.95 Td (from Accumulated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 463.75 523.95 Td (Accumulated OCI into) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 259.10 508.95 Td (Derivatives \(Effective) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 371.50 508.95 Td (OCI into Income) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 473.60 508.95 Td (Income \(Effective) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 278.10 493.95 Td (Portion\) \(1\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 368.35 493.95 Td (\(Effective Portion\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 491.50 493.95 Td (Portion\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 478.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 464.17 Td (Derivative in cash flow hedging relationship:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 449.17 Td ( Interest rate swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.00 449.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.80 449.22 Td (\(1,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 449.17 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.00 449.17 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.00 449.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 449.17 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.00 Td ( \(1\) ) Tj ET Q q 0 0 0 rg BT 68.61 409.00 Td (Amounts presented are net of taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 379.00 Td (Cr) Tj ET Q q 0 0 0 rg BT 61.48 379.00 Td (edit-risk-r) Tj ET Q q 0 0 0 rg BT 105.18 379.00 Td (elated Contingent Featur) Tj ET Q q 0 0 0 rg BT 212.20 379.00 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.00 Td (By entering into derivative contracts, Customers is exposed to credit risk. ) Tj ET Q q 0 0 0 rg BT 346.14 361.00 Td (The credit risk associated with derivatives executed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.00 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 548.86 349.00 Td (T) Tj ET Q q 0 0 0 rg BT 554.27 349.00 Td (o ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.00 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 50.00 325.00 Td (counterparties that maintain credit ratings of high quality) Tj ET Q q 0 0 0 rg BT 277.34 325.00 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.00 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 50.00 289.00 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 50.00 277.00 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 50.00 265.00 Td (adequately-capitalized institution. ) Tj ET Q q 0 0 0 rg BT 187.46 265.00 Td (As of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.90 265.00 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.48 265.00 Td (, the fair value of derivatives in a net liability position \(which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.00 Td (includes accrued interest but excludes any adjustment for nonperformance-risk\) related to these agreements was $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.38 253.00 Td (14.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.27 253.00 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.00 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 444.62 241.00 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.20 241.00 Td (, had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.00 Td (posted $) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.61 229.00 Td (14.3 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.50 229.00 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 50.00 217.00 Td (of cash and cash equivalents and an increase in the balance of other assets.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 193.00 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 89.82 193.00 Td (es about Offsetting ) Tj ET Q q 0 0 0 rg BT 172.32 193.00 Td (Assets and Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.00 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 50.00 163.00 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 50.00 151.00 Td (below) Tj ET Q q 0 0 0 rg BT 73.79 151.00 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 50.00 139.00 Td (master netting arrangements and are excluded from the table below) Tj ET Q q 0 0 0 rg BT 318.41 139.00 Td (. Customers has not made a policy election to of) Tj ET Q q 0 0 0 rg BT 510.96 139.00 Td (fset its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.00 Td (derivative positions.) Tj ET Q endstream endobj 291 0 obj <>] /Rotate 0 /Contents 292 0 R>> endobj 292 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (144) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 609.50 142.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 192.50 609.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 250.50 609.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 254.50 609.50 68.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 322.50 609.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 326.50 609.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 393.50 609.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 397.50 609.50 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 461.50 609.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 465.50 609.50 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 519.50 609.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 523.50 609.50 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 192.5 720.5 m 250.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 720.5 m 254.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 720.5 m 322.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322.5 720.5 m 326.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 720.5 m 393.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 393.5 720.5 m 397.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 720.5 m 461.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 720.5 m 465.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 720.5 m 519.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 720.5 m 523.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 720.5 m 562.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 699.5 m 461.5 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 461.5 699.5 m 465.5 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 699.5 m 519.5 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 699.5 m 523.5 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 699.5 m 562.5 699.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 192.5 622.5 m 250.5 622.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 622.5 m 322.5 622.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326.5 622.5 m 393.5 622.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 397.5 622.5 m 461.5 622.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 622.5 m 519.5 622.5 l s 0 0 0 RG 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379.65 564.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 564.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 564.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 564.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 564.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 564.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 564.17 Td () Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 379.70 141.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.50 379.70 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 379.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 379.70 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 379.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 379.70 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 379.70 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 379.70 64.00 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249.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 392.7 m 320.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 392.7 m 391.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 469.7 m 459.5 469.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 392.7 m 459.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 469.7 m 517.5 469.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 392.7 m 517.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 469.7 m 560.5 469.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 392.7 m 560.5 392.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 330.7 m 249.5 330.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 328.7 m 249.5 328.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 330.7 m 320.5 330.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 328.7 m 320.5 328.7 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 330.7 m 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97.95000000000005 m 519.5 97.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 465.5 95.95000000000005 m 519.5 95.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 97.95000000000005 m 562.5 97.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523.5 95.95000000000005 m 562.5 95.95000000000005 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 258.60 281.40 Td (Offsetting of Financial Liabilities and Derivative Liabilities at) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 319.20 267.40 Td (December 31, 2015) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 424.05 250.40 Td (Gr) Tj ET Q q 0 0 0 rg BT 434.88 250.40 Td (oss ) Tj ET Q q 0 0 0 rg BT 448.14 250.40 Td (Amounts Not Offset in) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 419.10 241.40 Td (the Consolidated Balance Sheet) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 212.80 191.40 Td (Gr) Tj ET Q q 0 0 0 rg BT 223.63 191.40 Td (oss ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 203.35 182.40 Td (Amount of) Tj ET Q BT /F2 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334.20 182.40 Td (Consolidated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 344.25 173.40 Td (Balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 349.00 164.40 Td (Sheet) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 410.95 173.40 Td (Financial) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 405.45 164.40 Td (Instruments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 482.20 182.40 Td (Cash) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 472.75 173.40 Td (Collateral) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 476.75 164.40 Td (Pledged) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 535.75 173.40 Td (Net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 526.70 164.40 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 151.20 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 137.52 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 122.52 Td (Interest rate swap derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 112.52 Td (with institutional) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 102.52 Td (counterparties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.00 101.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.15 101.62 Td (13,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.00 101.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 101.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.00 101.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 101.62 Td (13,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.00 101.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.65 101.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.00 101.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 101.62 Td (13,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 101.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 101.62 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 293 0 obj <>] /Rotate 0 /Contents 294 0 R>> endobj 294 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (145) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 631.50 141.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 191.50 631.50 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 249.50 631.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 253.50 631.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 320.50 631.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 324.50 631.50 67.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 391.50 631.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 395.50 631.50 64.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 631.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 463.50 631.50 54.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 517.50 631.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 521.50 631.50 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 191.5 720.5 m 249.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 249.5 720.5 m 253.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 720.5 m 320.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 320.5 720.5 m 324.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 720.5 m 391.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 391.5 720.5 m 395.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 720.5 m 459.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 720.5 m 463.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 720.5 m 517.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 720.5 m 521.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 720.5 m 560.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 644.5 m 249.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 644.5 m 320.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 644.5 m 391.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 720.5 m 459.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 644.5 m 459.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 720.5 m 463.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 720.5 m 517.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 644.5 m 517.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 517.5 720.5 m 521.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 720.5 m 560.5 720.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 644.5 m 560.5 644.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 582.5 m 249.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 191.5 580.5 m 249.5 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 582.5 m 320.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 253.5 580.5 m 320.5 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 582.5 m 391.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 324.5 580.5 m 391.5 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 582.5 m 459.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 395.5 580.5 m 459.5 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 582.5 m 517.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463.5 580.5 m 517.5 580.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 582.5 m 560.5 582.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521.5 580.5 m 560.5 580.5 l s BT /F2 9.00 Tf ET q 0 0 0 rg BT 257.10 738.95 Td (Offsetting of Financial Liabilities and Derivative Liabilities at) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 317.70 724.95 Td (December 31, 2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 211.80 675.95 Td (Gr) Tj ET Q q 0 0 0 rg BT 222.63 675.95 Td (oss ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.35 666.95 Td (Amount of) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 201.00 657.95 Td (Recognized ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 203.70 648.95 Td (Liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 275.30 693.95 Td (Gr) Tj ET Q q 0 0 0 rg BT 286.13 693.95 Td (oss) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 268.95 684.95 Td (Amounts) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 262.75 675.95 Td (Offset in the) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 261.20 666.95 Td (Consolidated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 271.25 657.95 Td (Balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 276.00 648.95 Td (Sheet) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 350.75 711.90 Td (Net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 335.10 702.90 Td (Amounts of) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.20 693.90 Td (Liabilities) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 338.55 684.90 Td (Pr) Tj ET Q q 0 0 0 rg BT 347.88 684.90 Td (esented) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 346.60 675.90 Td (in the) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 332.20 666.90 Td (Consolidated) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 342.25 657.90 Td (Balance) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 347.00 648.90 Td (Sheet) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 408.95 657.95 Td (Financial) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 403.45 648.95 Td (Instruments) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 480.20 666.95 Td (Cash) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 470.75 657.95 Td (Collateral) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 474.75 648.95 Td (Pledged) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 533.75 657.95 Td (Net) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 524.70 648.95 Td (Amount) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 635.75 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 622.07 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 607.07 Td (Interest rate swap derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 597.07 Td (with institutional) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 587.07 Td (counterparties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.00 586.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.15 586.17 Td (9,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.00 586.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.65 586.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.00 586.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.15 586.17 Td (9,703) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.00 586.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 586.17 Td (192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.00 586.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.15 586.17 Td (9,511) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.00 586.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 586.17 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 528.00 Td (NOTE 21 LOSS CONTINGENCY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.00 Td (During the first quarter of 2013, a suspected fraud was discovered in the Bank) Tj ET Q q 0 0 0 rg BT 365.46 510.00 Td (s held-for) Tj ET Q q 0 0 0 rg BT 403.86 510.00 Td (-sale loan portfolio. ) Tj ET Q q 0 0 0 rg BT 484.77 510.00 Td (T) Tj ET Q q 0 0 0 rg BT 490.18 510.00 Td (otal loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.00 Td (involved in this fraud initially was estimated to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.02 498.00 Td ($5.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.91 498.00 Td (, and management believed the range of possible loss to have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.00 Td (been between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.19 486.00 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.08 486.00 Td ( and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.52 486.00 Td ($3.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.41 486.00 Td (. ) Tj ET Q q 0 0 0 rg BT 228.86 486.00 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 278.20 486.00 Td (, management provided a loss contingency of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.04 486.00 Td ($2.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.93 486.00 Td ( at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.00 Td (March31, 2013. During the second quarter of 2013, Customers determined that an aggregate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.44 474.00 Td ($1.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.34 474.00 Td ( of the loans were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.00 Td (not involved in the fraud, and these loans were subsequently sold. In addition, Customers recovered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.57 462.00 Td ($1.5 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.46 462.00 Td ( in cash from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.00 Td (the alleged perpetrator) Tj ET Q q 0 0 0 rg BT 139.40 450.00 Td (. Because it was determined that the remaining asset no longer met the definition of a loan, and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.00 Td (because Customers is pursuing restitution through the involved parties, Customers determined this to be a receivable. ) Tj ET Q q 0 0 0 rg BT 521.01 438.00 Td (As a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.00 Td (result, the remaining aggregate of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.17 426.00 Td ($2.7 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.06 426.00 Td ( of loans and the related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.36 426.00 Td ($2.0 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.25 426.00 Td ( reserve were transferred to other assets. ) Tj ET Q q 0 0 0 rg BT 548.45 426.00 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.00 Td (of December 31, 2015, the net amount of the receivable and reserve of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.60 414.00 Td ($0.6 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.50 414.00 Td ( remains in other assets. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 354.00 Td (NOTE 22 CONDENSED FINANCIAL) Tj ET Q q 0 0 0 rg BT 222.25 354.00 Td ( ST) Tj ET Q q 0 0 0 rg BT 236.24 354.00 Td (A) Tj ET Q q 0 0 0 rg BT 242.71 354.00 Td (TEMENTS OF) Tj ET Q q 0 0 0 rg BT 307.63 354.00 Td ( P) Tj ET Q q 0 0 0 rg BT 315.50 354.00 Td (ARENT) Tj ET Q q 0 0 0 rg BT 350.32 354.00 Td ( COMP) Tj ET Q q 0 0 0 rg BT 382.63 354.00 Td (ANY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 336.00 Td (The following tables present the condensed financial statements for Customers Bancorp, Inc. \(parent company only\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 306.00 Td (Balance Sheets) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 256.50 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 256.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 256.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 256.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 227.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 227.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 227.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 227.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 197.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 197.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 197.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 197.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 167.50 378.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 167.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 167.50 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 167.50 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 138.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 138.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 138.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 138.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 108.50 378.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 108.50 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 108.50 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 108.50 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 428.5 282.5 m 493.5 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 282.5 m 497.5 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 282.5 m 562.5 282.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 269.5 m 493.5 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 269.5 m 562.5 269.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 182.5 m 493.5 182.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 182.5 m 562.5 182.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 168.5 m 493.5 168.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 166.5 m 493.5 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 168.5 m 562.5 168.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 166.5 m 562.5 166.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 123.5 m 493.5 123.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 123.5 m 562.5 123.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 93.5 m 493.5 93.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 93.5 m 562.5 93.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 79.5 m 493.5 79.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 77.5 m 493.5 77.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 79.5 m 562.5 79.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 77.5 m 562.5 77.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 286.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 471.75 286.73 Td (December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 273.75 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 273.73 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 273.73 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 260.75 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 247.23 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 233.07 Td (Cash in subsidiary bank) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 232.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 232.18 Td (54,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 232.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 232.17 Td (16,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 218.07 Td (Investment securities available for sale, at fair value) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 484.65 217.18 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 217.17 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 203.07 Td (Investments in and receivables due from subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 202.18 Td (583,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 202.17 Td (509,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 188.07 Td (Other assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 187.18 Td (4,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 187.17 Td (6,678) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.00 173.23 Td (Total assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 172.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 172.18 Td (642,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 172.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 172.17 Td (532,613) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 158.23 Td (Liabilities and Shareholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 144.07 Td ( Borrowings) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 143.18 Td (88,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 143.17 Td (88,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 129.07 Td (Other liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 474.65 128.18 Td (485) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 128.17 Td (1,218) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.00 114.23 Td (Total liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 113.18 Td (88,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 113.17 Td (89,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 99.07 Td (Shareholders equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 98.18 Td (553,902) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 98.17 Td (443,145) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 84.23 Td (Total Liabilities and Shareholders Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 83.18 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 457.15 83.18 Td (642,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 83.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 83.17 Td (532,613) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 295 0 obj <>] /Rotate 0 /Contents 296 0 R>> endobj 296 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (Income and Compr) Tj ET Q q 0 0 0 rg BT 133.15 742.25 Td (ehensive Income Statements) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 692.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 692.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 692.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 692.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 692.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 692.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 662.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 662.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 662.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 662.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 662.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 662.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 632.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 632.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 632.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 632.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 632.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 632.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 602.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 602.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 602.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 602.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 602.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 602.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 572.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 572.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 572.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 572.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 572.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 572.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 542.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 542.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 542.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 542.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 542.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 542.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 512.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 512.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 512.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 512.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 512.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 512.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 482.75 309.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 482.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 482.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 482.75 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 482.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 482.75 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 359.5 718.75 m 424.5 718.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 718.75 m 428.5 718.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 718.75 m 493.5 718.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 718.75 m 497.5 718.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 718.75 m 562.5 718.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 705.75 m 424.5 705.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 705.75 m 493.5 705.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 705.75 m 562.5 705.75 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 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 359.5 602.75 m 424.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 602.75 m 493.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 602.75 m 562.5 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 587.75 m 424.5 587.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 587.75 m 493.5 587.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 587.75 m 562.5 587.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 557.75 m 424.5 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 557.75 m 493.5 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 557.75 m 562.5 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 527.75 m 424.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 512.75 m 424.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 527.75 m 493.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 512.75 m 493.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 527.75 m 562.5 527.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 512.75 m 562.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 512.75 m 424.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 512.75 m 493.5 512.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 512.75 m 562.5 512.75 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 359.5 482.75 m 424.5 482.75 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 428.5 482.75 m 493.5 482.75 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 497.5 482.75 m 562.5 482.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 468.75 m 424.5 468.75 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 428.5 468.75 m 493.5 468.75 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 497.5 468.75 m 562.5 468.75 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 BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 723.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.25 722.98 Td (For the Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 710.00 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 709.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 709.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 709.98 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 697.00 Td (\(amounts in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 683.32 Td (Operating income:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 668.32 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 667.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 667.43 Td (18,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 667.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 667.42 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 667.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 667.42 Td (758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 653.32 Td (Total operating income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 652.43 Td (18,545) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 652.42 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 652.42 Td (758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 638.32 Td (Operating expense:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 623.32 Td (Interest) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 622.43 Td (5,854) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 622.42 Td (5,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 622.42 Td (1,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 608.32 Td (Other) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 607.43 Td (4,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 607.42 Td (5,611) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 607.42 Td (3,395) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 593.32 Td (Total operating expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 592.43 Td (10,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 592.42 Td (10,862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 592.42 Td (5,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 578.32 Td (Income \(loss\) before taxes and undistributed income of subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 577.43 Td (8,087) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 577.47 Td (\(10,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 577.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 577.47 Td (\(4,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 577.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 563.32 Td (Income tax benefit) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 562.43 Td (3,516) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 562.42 Td (3,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 562.42 Td (1,596) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 548.32 Td (Income \(loss\) before undistributed income of subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 547.43 Td (11,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 547.47 Td (\(6,975) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 547.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 547.47 Td (\(2,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 547.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 533.32 Td (Equity in undistributed income of subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 532.43 Td (46,980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 532.42 Td (50,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 532.42 Td (35,658) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 518.48 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 517.43 Td (58,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 517.42 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 517.42 Td (32,694) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 503.48 Td (Preferred stock dividends) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 502.43 Td (2,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 502.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 502.42 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 488.48 Td (Net income available to common shareholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 487.43 Td (56,090) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 487.42 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 487.42 Td (32,694) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 71.00 473.48 Td (Comprehensive income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 472.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 472.43 Td (50,721) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 472.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 472.42 Td (51,210) Tj ET Q BT /F1 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 (23,512) 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 50.50 391.75 309.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 391.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 391.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 391.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 391.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 391.75 65.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 364.75 309.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 364.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 364.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 364.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 364.75 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 364.75 65.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 310.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 310.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 310.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 310.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 310.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 310.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 282.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 282.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 282.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 282.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 282.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 282.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 255.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 255.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 255.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 255.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 255.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 255.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 227.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 227.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 227.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 227.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 227.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 227.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 200.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 200.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 200.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 200.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 200.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 200.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 172.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 172.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 172.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 172.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 172.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 172.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 144.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 144.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 144.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 144.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 144.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 144.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 116.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 116.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 116.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 116.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 116.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 116.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 88.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 88.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 88.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 88.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 88.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 88.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 60.75 309.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 60.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 60.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 60.75 65.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 60.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 60.75 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 359.5 282.75 m 424.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 282.75 m 493.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 282.75 m 562.5 282.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 268.75 m 424.5 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 268.75 m 493.5 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 268.75 m 562.5 268.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 227.75 m 424.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 227.75 m 493.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 227.75 m 562.5 227.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 213.75 m 424.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 213.75 m 493.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 213.75 m 562.5 213.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 102.75 m 424.5 102.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 102.75 m 493.5 102.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 102.75 m 562.5 102.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 88.75 m 424.5 88.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 88.75 m 493.5 88.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 88.75 m 562.5 88.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 60.75 m 424.5 60.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 60.75 m 493.5 60.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 60.75 m 562.5 60.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 47.75 m 424.5 47.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 45.75 m 424.5 45.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 47.75 m 493.5 47.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 45.75 m 493.5 45.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 47.75 m 562.5 47.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 45.75 m 562.5 45.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 419.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 401.25 419.83 Td (For the Years Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 407.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.50 407.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 452.50 407.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.50 407.83 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 395.70 Td (\(amounts in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 382.48 Td (Cash Flows from Operating Activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 369.32 Td (Net income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 369.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 369.43 Td (58,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 369.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 369.32 Td (43,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 369.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 369.32 Td (32,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 355.32 Td (Adjustments to reconcile net income to net cash used in operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 345.32 Td (activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 330.32 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 89.00 320.32 Td (received from Bank) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.80 315.48 Td (\(46,980) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 315.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 315.47 Td (\(50,189) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 315.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 315.47 Td (\(35,658) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 315.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 301.32 Td (\(Increase\) decrease in other assets) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 301.43 Td (2,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 301.37 Td (\(1,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 301.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 301.37 Td (\(1,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 301.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 287.32 Td (Increase \(decrease\) in other liabilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.30 287.48 Td (\(112) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 287.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 287.32 Td (1,497) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 287.37 Td (\(281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 287.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 273.48 Td (Net Cash Provided By \(Used in\) Operating Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 273.43 Td (13,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 273.37 Td (\(6,832) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 273.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 273.37 Td (\(4,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 273.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 259.48 Td (Cash Flows from Investing Activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 246.32 Td (Purchases of investment securities available for sale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 246.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 246.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 246.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 232.32 Td (Payments for investments in and advances to subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.80 232.48 Td (\(30,036) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 232.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 232.37 Td (\(15,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 232.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 232.37 Td (\(177,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 232.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 218.48 Td (Net Cash Used in Investing Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 389.80 218.48 Td (\(30,036) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 218.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 218.37 Td (\(15,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 218.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 218.37 Td (\(177,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 218.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 204.48 Td (Cash Flows from Financing Activities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 191.32 Td (Proceeds from issuance of common stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 405.65 191.43 Td (904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 191.32 Td (77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 191.32 Td (97,507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 177.32 Td (Proceeds from issuance of preferred stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 177.43 Td (55,569) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 177.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 177.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 163.32 Td (Proceeds from issuance of long-term debt) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 163.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 163.32 Td (25,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 163.32 Td (60,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 149.32 Td (Exercise and redemption of warrants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 149.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 149.32 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 149.32 Td (264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 135.32 Td (Payments on partial shares for stock dividend) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 135.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.30 135.37 Td (\(8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 135.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 135.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 121.32 Td (Preferred stock dividends paid) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 394.80 121.48 Td (\(2,314) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 420.65 121.43 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 121.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 121.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 107.32 Td (Purchase of treasury stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.65 107.43 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 107.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 107.37 Td (\(7,754) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 107.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 93.48 Td (Net Cash Provided by Financing Activities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 93.43 Td (54,159) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 93.32 Td (25,075) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 93.32 Td (150,353) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 79.48 Td (Net Increase \(Decrease\) in Cash and Cash Equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 79.43 Td (38,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 79.32 Td (3,211) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 79.37 Td (\(31,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 79.32 Td (\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 65.48 Td (Cash and Cash Equivalents Beginning) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 65.43 Td (16,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 65.32 Td (13,254) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 65.32 Td (44,679) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 51.48 Td (Cash and Cash Equivalents Ending) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 51.43 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 51.43 Td (54,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 51.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 51.32 Td (16,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 51.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 51.32 Td (13,254) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 297 0 obj <>] /Rotate 0 /Contents 298 0 R>> endobj 298 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (147) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 712.10 Td (NOTE 23 SELECTED QUAR) Tj ET Q q 0 0 0 rg BT 185.79 712.10 Td (TERL) Tj ET Q q 0 0 0 rg BT 212.10 712.10 Td (Y) Tj ET Q q 0 0 0 rg BT 218.95 712.10 Td ( FINANCIAL) Tj ET Q q 0 0 0 rg BT 277.57 712.10 Td ( DA) Tj ET Q q 0 0 0 rg BT 293.77 712.10 Td (T) Tj ET Q q 0 0 0 rg BT 299.70 712.10 Td (A) Tj ET Q q 0 0 0 rg BT 306.37 712.10 Td ( \(UNAUDITED\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (The following table presents selected quarterly data for the years ended December 31, 2015 and 2014. Quarterly data may not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (agree to full year results.) Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 50.00 655.70 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 606.20 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 606.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 606.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 606.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 606.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 606.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 606.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 606.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 576.20 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 576.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 576.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 576.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 576.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 576.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 576.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 576.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 546.20 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 546.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 546.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 546.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 546.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 546.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 546.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 546.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 516.20 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 516.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 516.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 516.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 516.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 516.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 516.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 516.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 486.20 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 486.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 486.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 486.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 486.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 486.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 486.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 486.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 456.20 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 456.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 456.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 456.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 456.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 456.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 456.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 456.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 426.20 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 426.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 426.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 426.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 426.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 426.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 426.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 426.20 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 290.5 632.2 m 355.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 632.2 m 359.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 632.2 m 424.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 632.2 m 428.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 632.2 m 493.5 632.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 632.2 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 497.5 632.2 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 290.5 619.2 m 355.5 619.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 619.2 m 424.5 619.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 619.2 m 493.5 619.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 619.2 m 562.5 619.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 619.2 m 355.5 619.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 619.2 m 359.5 619.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 619.2 m 424.5 619.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 619.2 m 428.5 619.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 619.2 m 493.5 619.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 619.2 m 497.5 619.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 576.2 m 355.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 576.2 m 424.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 576.2 m 493.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 576.2 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 359.5 576.2 m 424.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 576.2 m 493.5 576.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 576.2 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 290.5 516.2 m 355.5 516.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 516.2 m 424.5 516.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 516.2 m 493.5 516.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 516.2 m 562.5 516.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 516.2 m 424.5 516.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 516.2 m 493.5 516.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 516.2 m 562.5 516.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 486.2 m 355.5 486.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 486.2 m 424.5 486.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 486.2 m 493.5 486.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 486.2 m 562.5 486.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 486.2 m 355.5 486.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 486.2 m 424.5 486.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 486.2 m 493.5 486.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 486.2 m 562.5 486.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 456.2 m 355.5 456.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 442.2 m 355.5 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 440.2 m 355.5 440.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 456.2 m 424.5 456.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 442.2 m 424.5 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 440.2 m 424.5 440.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 456.2 m 493.5 456.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 442.2 m 493.5 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 440.2 m 493.5 440.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 456.2 m 562.5 456.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 442.2 m 562.5 442.2 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 440.2 m 562.5 440.2 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 636.45 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 418.00 636.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 53.00 623.43 Td (Quarter Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 300.25 623.43 Td (December31) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 368.10 623.43 Td (September30) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 447.25 623.43 Td (June30) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.00 623.43 Td (March31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 610.45 Td (\(amounts in thousands, except per share data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 596.77 Td (Interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 595.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 595.88 Td (67,713) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 595.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 595.88 Td (63,736) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 595.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 595.88 Td (59,683) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 595.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 595.88 Td (58,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.77 Td (Interest expense) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 580.88 Td (14,245) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 580.88 Td (13,802) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 580.88 Td (13,125) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 580.88 Td (12,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.77 Td (Net interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 565.88 Td (53,468) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 565.88 Td (49,934) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 565.88 Td (46,558) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 565.88 Td (46,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 551.77 Td (Provision for loan losses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 550.88 Td (6,173) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 550.88 Td (2,094) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 550.88 Td (9,335) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 550.88 Td (2,964) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 536.77 Td (Non-interest income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 535.88 Td (9,420) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 535.88 Td (6,171) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 535.88 Td (6,393) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 535.88 Td (5,733) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 521.77 Td (Non-interest expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 520.88 Td (31,514) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 520.88 Td (30,307) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 520.88 Td (25,660) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 520.88 Td (27,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 506.77 Td (Income before income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 505.88 Td (25,201) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 505.88 Td (23,704) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 505.88 Td (17,956) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 505.88 Td (21,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 491.77 Td (Provision for income taxes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 329.15 490.88 Td (7,415) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 398.15 490.88 Td (8,415) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 467.15 490.88 Td (6,400) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 536.15 490.88 Td (7,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 476.77 Td (Net income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 475.87 Td (17,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 475.87 Td (15,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 475.87 Td (11,556) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 475.87 Td (13,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 461.77 Td (Preferred stock dividend) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 460.87 Td (1,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.65 460.87 Td (980) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.65 460.87 Td (507) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 460.87 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 446.77 Td (Net income available to common shareholders) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 293.00 445.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 324.15 445.88 Td (16,780) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.00 445.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 393.15 445.88 Td (14,309) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.00 445.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 462.15 445.88 Td (11,049) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.00 445.88 Td ($) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 531.15 445.88 Td (13,952) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 431.77 Td (Earnings per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 416.77 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 415.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 415.87 Td (0.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 415.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 415.87 Td (0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 415.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 415.87 Td (0.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 415.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 415.87 Td (0.52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 401.77 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 400.87 Td (0.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 400.87 Td (0.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 400.87 Td (0.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 400.87 Td (0.49) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 323.20 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 323.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 323.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 323.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 323.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 323.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 323.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 323.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 293.20 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 293.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 293.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 293.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 293.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 293.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 293.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 293.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 263.20 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 263.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 263.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 263.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 263.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 263.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 263.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 263.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 233.20 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 233.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 233.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 233.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 233.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 233.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 233.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 233.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 203.20 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 203.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 203.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 203.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 203.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 203.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 203.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 203.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 173.20 240.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 290.50 173.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 355.50 173.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 359.50 173.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 424.50 173.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 428.50 173.20 65.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 493.50 173.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 173.20 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 290.5 349.20000000000005 m 355.5 349.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 349.20000000000005 m 359.5 349.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 349.20000000000005 m 424.5 349.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 349.20000000000005 m 428.5 349.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 349.20000000000005 m 493.5 349.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 349.20000000000005 m 497.5 349.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 349.20000000000005 m 562.5 349.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 336.20000000000005 m 355.5 336.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 336.20000000000005 m 424.5 336.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 336.20000000000005 m 493.5 336.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 336.20000000000005 m 562.5 336.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 293.20000000000005 m 355.5 293.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 293.20000000000005 m 424.5 293.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 293.20000000000005 m 493.5 293.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 293.20000000000005 m 562.5 293.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 293.20000000000005 m 355.5 293.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 233.20000000000005 m 355.5 233.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359.5 233.20000000000005 m 424.5 233.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428.5 233.20000000000005 m 493.5 233.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 233.20000000000005 m 562.5 233.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 189.20000000000005 m 355.5 189.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 290.5 187.20000000000005 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ET q 0 0 0 rg BT 447.25 340.43 Td (June30) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.00 340.43 Td (March31) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 327.45 Td (\(amounts in thousands, except per share data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 313.77 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 312.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 312.87 Td (57,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 312.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 312.87 Td (51,298) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 312.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 312.87 Td (45,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 312.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 312.87 Td (36,874) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 298.77 Td (Interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 297.87 Td (12,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 297.87 Td (11,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 297.87 Td (8,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 297.87 Td (7,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 283.77 Td (Net interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 282.87 Td (44,986) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 282.87 Td (40,214) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 282.87 Td (36,930) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 282.87 Td (29,792) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 268.77 Td (Provision for loan losses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 267.87 Td (2,459) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 267.87 Td (5,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 267.87 Td (2,886) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 267.87 Td (4,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 253.77 Td (Non-interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 252.87 Td (5,804) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 252.87 Td (5,102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 252.87 Td (6,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 252.87 Td (7,310) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 238.77 Td (Non-interest expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 237.87 Td (27,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 237.87 Td (24,679) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 237.87 Td (25,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 237.87 Td (21,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 223.77 Td (Income before income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 222.87 Td (20,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 222.87 Td (15,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 222.87 Td (15,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 222.87 Td (11,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 208.77 Td (Provision for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.15 207.87 Td (7,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 207.87 Td (3,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 207.87 Td (5,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 207.87 Td (3,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 193.77 Td (Net income available to common shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 192.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.15 192.87 Td (13,178) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 192.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.15 192.87 Td (11,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 192.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 192.87 Td (10,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 192.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 192.87 Td (8,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 178.77 Td (Earnings per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 163.77 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.00 162.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 162.87 Td (0.49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.00 162.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 162.87 Td (0.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.00 162.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 162.87 Td (0.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.00 162.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 162.87 Td (0.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 148.77 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.15 147.87 Td (0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 147.87 Td (0.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 147.87 Td (0.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 147.87 Td (0.29) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 299 0 obj <>] /Rotate 0 /Contents 300 0 R>> endobj 300 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 (NOTE 24 SUBSEQUENT) Tj ET Q q 0 0 0 rg BT 167.91 742.25 Td ( EVENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 712.25 Td (On January 22, 2016, Customers announced the pricing of its public of) Tj ET Q q 0 0 0 rg BT 333.38 712.25 Td (fering of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.59 712.25 Td (1,000,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.59 712.25 Td ( shares of Fixed-to-Floating Rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (Non-Cumulative Perpetual Preferred Stock, Series D \(the "Series D Preferred Stock"\) at a price of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.26 700.25 Td ($25.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.76 700.25 Td ( per share. Dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (on the Series D Preferred Stock will accrue and be 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 505.64 688.25 Td (6.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.47 688.25 Td ( from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (the original issue date to, but excluding, March 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 50.00 664.25 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 319.64 664.25 Td (5.09%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.47 664.25 Td ( per annum. ) Tj ET Q q 0 0 0 rg BT 395.28 664.25 Td (The of) Tj ET Q q 0 0 0 rg BT 421.47 664.25 Td (fering closed on January 29, 2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (and was subject to customary closing conditions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (Customers received net proceeds before expenses of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.86 616.25 Td ($24.2 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.75 616.25 Td ( from the of) Tj ET Q q 0 0 0 rg BT 363.06 616.25 Td (fering, after deducting of) Tj ET Q q 0 0 0 rg BT 462.83 616.25 Td (fering costs. ) Tj ET Q q 0 0 0 rg BT 514.03 616.25 Td (The net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (proceeds will be used for general corporate purposes, which may include working capital and the funding of or) Tj ET Q q 0 0 0 rg BT 493.56 604.25 Td (ganic growth at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (Customers Bank.) Tj ET Q endstream endobj 301 0 obj <>] /Rotate 0 /Contents 302 0 R>> endobj 302 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (149) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.65 718.10 Td (MANAGEMENTS RESPONSIBILITY) Tj ET Q q 0 0 0 rg BT 246.25 718.10 Td ( FOR FINANCIAL) Tj ET Q q 0 0 0 rg BT 328.48 718.10 Td ( ST) Tj ET Q q 0 0 0 rg BT 342.47 718.10 Td (A) Tj ET Q q 0 0 0 rg BT 348.95 718.10 Td (TEMENTS ) Tj ET Q q 0 0 0 rg BT 399.80 718.10 Td (AND REPOR) Tj ET Q q 0 0 0 rg BT 458.61 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 465.10 718.10 Td ( ON INTERNAL) Tj ET Q q 0 0 0 rg BT 537.34 718.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 204.60 706.10 Td (CONTROL) Tj ET Q q 0 0 0 rg BT 254.61 706.10 Td ( OVER FINANCIAL) Tj ET Q q 0 0 0 rg BT 344.62 706.10 Td ( REPOR) Tj ET Q q 0 0 0 rg BT 381.77 706.10 Td (TING) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 682.10 Td (Management of Customers Bancorp, Inc. \(the Customers Bancorp\) is responsible for the integrity and objectivity of all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (information presented in this report. ) Tj ET Q q 0 0 0 rg BT 196.45 670.10 Td (The consolidated financial statements were prepared in conformity with United States ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (generally accepted accounting principles. Management believes that the consolidated financial statements of Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (Bancorp, Inc. fairly reflect the form and substance of transactions and that the financial statements fairly represent Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (Bancorp) Tj ET Q q 0 0 0 rg BT 86.66 634.10 Td (s financial position and results of operations. Management has included in Customers Bancorp) Tj ET Q q 0 0 0 rg BT 467.96 634.10 Td (s financial statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (amounts that are based on estimates and judgments which it believes are reasonable under the circumstances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 598.10 Td (The independent registered public accounting firm of BDO USA, LLP) Tj ET Q q 0 0 0 rg BT 355.78 598.10 Td ( audits Customers Bancorp) Tj ET Q q 0 0 0 rg BT 466.60 598.10 Td (s consolidated financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (statements in accordance with the standards of the Public Company ) Tj ET Q q 0 0 0 rg BT 322.15 586.10 Td (Accounting Oversight Board \(United States\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 562.10 Td (The Board of Directors of Customers Bancorp has an ) Tj ET Q q 0 0 0 rg BT 289.22 562.10 Td (Audit Committee composed of three independent Directors. ) Tj ET Q q 0 0 0 rg BT 531.20 562.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 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 50.00 538.10 Td (accounting firm to review accounting, internal control, auditing, corporate governance and financial reporting matters. ) Tj ET Q q 0 0 0 rg BT 525.75 538.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.10 Td (Audit Committee is responsible for the engagement of the independent auditors. ) Tj ET Q q 0 0 0 rg BT 373.08 526.10 Td (The independent auditors and internal auditors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.10 Td (have access to the ) Tj ET Q q 0 0 0 rg BT 123.86 514.10 Td (Audit Committee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 490.10 Td (Management of Customers Bancorp, Inc. 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 50.00 478.10 Td (financial reporting, as such term is defined in Exchange ) Tj ET Q q 0 0 0 rg BT 274.93 478.10 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 50.00 466.10 Td (management, including the Chief Executive Of) Tj ET Q q 0 0 0 rg BT 238.65 466.10 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 351.20 466.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 369.12 466.10 Td (, we conducted an evaluation of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 454.10 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 401.07 454.10 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 458.76 454.10 Td (ol Integrated ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (Framework \(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.32 442.10 Td (issued by the Committee of Sponsoring Or) Tj ET Q q 0 0 0 rg BT 299.24 442.10 Td (ganizations of the ) Tj ET Q q 0 0 0 rg BT 372.65 442.10 Td (T) Tj ET Q q 0 0 0 rg BT 378.40 442.10 Td (readway Commission. Based on our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (evaluation under the framework in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 190.78 430.10 Td (Internal Contr) Tj ET Q q 0 0 0 rg BT 248.47 430.10 Td (ol Integrated Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.06 430.10 Td (, management concluded that our internal control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (over financial reporting was ef) Tj ET Q q 0 0 0 rg BT 172.54 418.10 Td (fective as of December31, 2015. ) Tj ET Q q 0 0 0 rg BT 307.31 418.10 Td (The ef) Tj ET Q q 0 0 0 rg BT 332.94 418.10 Td (fectiveness of our internal control over financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (reporting as of December31, 2015 has been audited by BDO USA, LLP) Tj ET Q q 0 0 0 rg BT 338.83 406.10 Td (, an independent registered public accounting firm, as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (stated in their report which is included herein.) 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Tj ET Q BT /F1 18.00 Tf ET q 0 0 0 rg BT 50.00 702.65 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 690.65 Td (Item9A. ) Tj ET Q q 0 0 0 rg BT 122.00 690.65 Td (Contr) Tj ET Q q 0 0 0 rg BT 147.37 690.65 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 190.53 690.65 Td (ocedur) Tj ET Q q 0 0 0 rg BT 219.79 690.65 Td (es) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 660.65 Td (Evaluation of Disclosur) Tj ET Q q 0 0 0 rg BT 145.18 660.65 Td (e Contr) Tj ET Q q 0 0 0 rg BT 175.09 660.65 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 216.39 660.65 Td (ocedur) Tj ET Q q 0 0 0 rg BT 243.78 660.65 Td (es.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.61 660.65 Td ( ) Tj ET Q q 0 0 0 rg BT 256.93 660.65 Td (W) Tj ET Q q 0 0 0 rg BT 265.57 660.65 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 50.00 648.65 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 449.74 648.65 Td (ficers who certify our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 636.65 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 50.00 612.65 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 612.65 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 50.00 600.65 Td (Executive Of) Tj ET Q q 0 0 0 rg BT 102.85 600.65 Td (ficer and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 215.41 600.65 Td (ficer) Tj ET Q q 0 0 0 rg BT 233.32 600.65 Td (, of the design and operating ef) Tj ET Q q 0 0 0 rg BT 357.27 600.65 Td (fectiveness of our disclosure controls and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 588.65 Td (procedures, as defined in Exchange ) Tj ET Q q 0 0 0 rg BT 193.83 588.65 Td (Act Rule 13a-15. Based upon that evaluation, our Chief Executive Of) Tj ET Q q 0 0 0 rg BT 471.91 588.65 Td (ficer and Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 576.65 Td (Financial Of) Tj ET Q q 0 0 0 rg BT 100.08 576.65 Td (ficer concluded that, as of December31, 2015, our disclosure controls and procedures are ef) Tj ET Q q 0 0 0 rg BT 468.93 576.65 Td (fective.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 552.65 Td (Management) Tj ET Q q 0 0 0 rg BT 104.98 552.65 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 50.00 540.65 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 50.00 516.65 Td (Our independent registered public accounting firm, BDO USA, LLP) Tj ET Q q 0 0 0 rg BT 322.72 516.65 Td (, also attested to, and reported on, the ef) Tj ET Q q 0 0 0 rg BT 482.21 516.65 Td (fectiveness of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 504.65 Td (internal control over financial reporting as of December31, 2015. BDO USA, LLP) Tj ET Q q 0 0 0 rg BT 385.19 504.65 Td (s attestation report, which appears in Part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 492.65 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 50.00 462.65 Td (Changes in Internal Contr) Tj ET Q q 0 0 0 rg BT 155.46 462.65 Td (ol over Financial Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.65 Td (During fourth quarter 2015, there have been no changes in the Bancorp) Tj ET Q q 0 0 0 rg BT 337.68 444.65 Td (s internal control over financial reporting that have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.65 Td (materially af) Tj ET Q q 0 0 0 rg BT 100.63 432.65 Td (fected or are reasonably likely to materially af) Tj ET Q q 0 0 0 rg BT 285.08 432.65 Td (fect the Bancorp) Tj ET Q q 0 0 0 rg BT 353.94 432.65 Td (s internal control over financial reporting.) Tj ET Q BT /F1 18.00 Tf ET q 0 0 0 rg BT 50.00 411.05 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 399.05 Td (Item9B. ) Tj ET Q q 0 0 0 rg BT 122.00 399.05 Td (Other) Tj ET Q q 0 0 0 rg BT 147.37 399.05 Td ( Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.85 Td (On February 26, 2016, Customers and Steven Issa, Customers) Tj ET Q q 0 0 0 rg BT 301.17 373.85 Td ( Executive ) Tj ET Q q 0 0 0 rg BT 345.97 373.85 Td (V) Tj ET Q q 0 0 0 rg BT 352.59 373.85 Td (ice President, New England President and Market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.85 Td (Chief Lending Of) Tj ET Q q 0 0 0 rg BT 120.91 361.85 Td (ficer entered into an amendment to Mr) Tj ET Q q 0 0 0 rg BT 274.75 361.85 Td (. Issa) Tj ET Q q 0 0 0 rg BT 298.08 361.85 Td (s employment agreement to eliminate the provision requiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.85 Td (Customers to provide a tax gross-up payment to Mr) Tj ET Q q 0 0 0 rg BT 258.58 349.85 Td (. Issa in the event of a transaction involving a change in control. ) Tj ET Q q 0 0 0 rg BT 519.07 349.85 Td (All of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.85 Td (other provisions of the employment agreement remain in full force and ef) Tj ET Q q 0 0 0 rg BT 343.89 337.85 Td (fect.) Tj ET Q endstream endobj 305 0 obj <>] /Rotate 0 /Contents 306 0 R>> endobj 306 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (151) 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 2016 annual meeting in the sections titled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (Our Board of Directors and Management, and Board Governance, and is incorporated herein by reference.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 658.25 Td (Item1) Tj ET Q q 0 0 0 rg BT 75.83 658.25 Td (1. Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (The information required by this Item will be included in the Proxy Statement for the 2016 annual meeting in the sections titled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (Director Compensation, Executive Of) Tj ET Q q 0 0 0 rg BT 214.76 628.25 Td (ficer Compensation, and Board Governance, and is incorporated herein by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (reference.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 586.25 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 50.00 568.25 Td (The information required by this Item will be included in the Proxy Statement for the 2016 annual meeting in the sections titled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (Security Ownership of Certain Beneficial Owners and Management and Equity Compensation Plan Information and is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (incorporated herein by reference.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (Item13. Certain Relationships and Related T) Tj ET Q q 0 0 0 rg BT 236.04 514.25 Td (ransactions, and Director Independence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.25 Td (The information required by this Item will be included in the Proxy Statement for the 2016 annual meeting in the sections titled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.25 Td (Certain Relationships and Related ) Tj ET Q q 0 0 0 rg BT 193.12 484.25 Td (T) Tj ET Q q 0 0 0 rg BT 198.87 484.25 Td (ransactions and Board Governance and is incorporated herein by reference.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (Item14. Principal ) Tj ET Q q 0 0 0 rg BT 126.85 454.25 Td (Accounting Fees and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.25 Td (The information required by this Item will be included in the Proxy Statement for the 2016 annual meeting in the section titled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.25 Td (Proposal 2 Ratification of ) Tj ET Q q 0 0 0 rg BT 171.92 424.25 Td (Appointment of Independent Registered Public ) Tj ET Q q 0 0 0 rg BT 362.72 424.25 Td (Accounting Firm, and is incorporated herein by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (reference.) Tj ET Q endstream endobj 307 0 obj <>] /Rotate 0 /Contents 308 0 R>> endobj 308 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (152) 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 50.00 730.25 Td (Item15 ) Tj ET Q q 0 0 0 rg BT 122.00 730.25 Td (Exhibits and Financial Statement Schedules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 712.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 712.25 Td (1. Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 699.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 699.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 699.25 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 86.00 686.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 686.25 Td (2. Financial Statements Schedules) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 673.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 673.25 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 50.00 661.25 Td (required or is shown in the respective financial statements or in the notes thereto.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 648.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 648.25 Td (Exhibits) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 615.75 m 87.5 615.75 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 56.70 628.00 Td (Exhibit ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 62.60 620.00 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 307.8 618.93671875 m 345.12421875 618.93671875 l s q 0 0 0 rg BT 307.80 620.00 Td (Description) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 602.32 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 602.32 Td (Purchase and Assumption Agreement, dated as of July9, 2010, by and among Customers Bank, the FDIC as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 592.32 Td (Receiver of USA Bank, and the FDIC acting in its corporate capacity, incorporated by reference to Exhibit 2.3 to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 582.32 Td (the Customers Bancorp Form S-1/A filed with the SEC on January13, 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 563.32 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 563.32 Td (Purchase and Assumption 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 94.00 553.32 Td (Receiver of ISN Bank, and the FDIC acting in its corporate capacity, incorporated by reference to Exhibit 2.4 to the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 543.32 Td (Customers Bancorp Form S-1/A filed with the SEC on January13, 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 524.32 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 524.32 Td (Asset Purchase 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 94.00 514.32 Td (Higher One, Inc. and Higher One Holdings, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 495.32 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 495.32 Td (Amended and Restated Articles of Incorporation of Customers Bancorp, Inc., incorporated by reference to Exhibit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 485.32 Td (3.1 to the Customers Bancorp Form 8-K filed with the SEC on April30, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 466.32 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 466.32 Td (Amended and Restated Bylaws of Customers Bancorp, Inc., incorporated by reference to Exhibit 3.2 to the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 456.32 Td (Customers Bancorp Form 8-K filed with the SEC on April30, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 437.32 Td (3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 437.32 Td (Articles of Amendment to the Amended and Restated Articles of Incorporation of Customers Bancorp, Inc.,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 427.32 Td (incorporated by reference to Exhibit 3.1 to the Customers Bancorp Form 8-K filed with the SEC on July2, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 408.32 Td (3.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 408.32 Td (Statement with Respect to Shares relating to the Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 398.32 Td (Series C, incorporated by reference to Exhibit 3.1 to the Customers Bancorp Form 8-K filed with the SEC on May) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 388.32 Td (18, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 369.32 Td (3.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 369.32 Td (Statement with Respect to Shares relating to the Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 359.32 Td (Series D, incorporated by reference to Exhibit 3.1 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 94.00 349.37 Td (January 29, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 332.32 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 332.32 Td (Specimen stock certificate of Customers Bancorp, Inc. Voting Common Stock and Class B Non-Voting Common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 322.32 Td (Stock, incorporated by reference to Exhibit 4.1 to the Customers Bancorp Form S-1/A filed with the SEC on May1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 312.32 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 293.32 Td (4.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 293.32 Td (Form of Warrant issued to investors in New Century Banks March and February 2010 private offerings, 2009) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 283.32 Td (private offering, and in partial exchange for New Century Banks shares of 10% Series A Non-Cumulative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 273.32 Td (Perpetual Convertible Preferred Stock in June 2009, incorporated by reference to Exhibit 4.8 to the Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 263.32 Td (Bancorp Form S-1 filed with the SEC on April22, 2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 244.32 Td (4.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 244.32 Td (Warrants issued to Jay S. 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 94.00 234.32 Td (FormS-1 filed with the SEC on April22, 2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 215.32 Td (4.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 215.32 Td (Indenture, dated as of July30, 2013, by and between Customers Bancorp, Inc., as Issuer, and Wilmington Trust,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 205.32 Td (National Association, as Trustee, incorporated by reference to Exhibit 4.1 to the Customers Bancorp 8-K filed with) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 195.32 Td (the SEC on July31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 176.32 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 176.32 Td (First Supplemental Indenture, dated as of July30, 2013, by and between Customers Bancorp, Inc., as Issuer, and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 166.32 Td (Wilmington Trust, National Association, as Trustee, 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 94.00 156.32 Td (Bancorp 8-K filed with the SEC on July31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 137.32 Td (4.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 137.32 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 94.00 127.32 Td (Customers Bancorp 8-K filed with the SEC on July31, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 108.32 Td (4.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 108.32 Td (Amendment to First Supplemental Indenture, dated August27, 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 98.32 Td (Wilmington Trust Company, National 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 88.32 Td (Customers Bancorp 8-K filed with the SEC on August29, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 69.32 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 69.32 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 59.32 Td (Customers Bancorp 8-K filed with the SEC on August29, 2013) Tj ET Q endstream endobj 309 0 obj <>] /Rotate 0 /Contents 310 0 R>> endobj 310 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (153) 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 (4.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 717.17 Td (Form of Note Subscription Agreement \(including form of Subordinated Note Certificate and Senior Note) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 707.17 Td (Certificate\) incorporated by reference to Exhibit 10.1 to the Customers Bancorp 8-K filed with the SEC on June 26,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 697.17 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 679.07 Td (10.1+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 679.07 Td (New Century Bank Management Stock Purchase Plan, 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 94.00 669.07 Td (Bancorp Form S-1 filed with the SEC on April22, 2010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 650.07 Td (10.2+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 650.07 Td (Amended and Restated Customers Bancorp, Inc. 2010 Stock Option Plan, incorporated by reference to Exhibit 10.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 640.07 Td (to the Customers Bancorp Form 10-K filed with the SEC on March21, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.07 Td (10.3+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 621.07 Td (Amended and Restated Employment 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 94.00 611.07 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 94.00 601.07 Td (SEC on March28, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 582.07 Td (10.4+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 582.07 Td (Amended and Restated Employment 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 94.00 572.07 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 94.00 562.07 Td (SEC on March28, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 543.07 Td (10.5+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 543.07 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 94.00 533.07 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 94.00 523.07 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 504.07 Td (10.6+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 504.07 Td (Form of Restricted Stock Unit Award 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 94.00 494.07 Td (Program, incorporated by reference to Exhibit 10.25 to the Customers Bancorp Form S-1/A filed with the SEC on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 484.07 Td (May1, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 465.07 Td (10.7+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 465.07 Td (Amended and Restated Customers Bancorp, Inc. Bonus Recognition and Retention Plan, incorporated by reference) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 455.07 Td (to Exhibit 10.15 to the Customers Bancorp Form 10-K filed with the SEC on March21, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 436.07 Td (10.8+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 436.07 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 94.00 426.07 Td (Customers Bancorp Form S-1/A filed with the SEC on April18, 2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 407.07 Td (10.9+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 407.07 Td (Form of Restricted Stock Unit Award 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 94.00 397.07 Td (incorporated by reference to Exhibit 10.26 to the Customers Bancorp Form S-1/A filed with the SEC on May1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 387.07 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 368.07 Td (10.10+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 368.07 Td (Form of Stock Option 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 94.00 358.07 Td (filed with the SEC on March21, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 339.07 Td (10.11+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 339.07 Td (Form of Restricted Stock Unit Agreement, incorporated by reference to Exhibit 10.17 to the Customers Bancorp) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 329.07 Td (Form 10-K filed with the SEC on March21, 2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 310.07 Td (10.12+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 310.07 Td (Change of Control 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 94.00 300.07 Td (Hedde, incorporated by reference to Exhibit 10.29 to Customers Bancorps Form 10-K filed with the SEC on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 290.07 Td (March18, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 271.07 Td (10.13+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 271.07 Td (Change of Control Agreement, dated as of January30, 2013, by and between Customers Bancorp, Inc. and Warren) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 261.07 Td (Taylor, incorporated by reference to Exhibit 10.30 to Customers Bancorps Form 10-K filed with the SEC on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 251.07 Td (March18, 2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 232.07 Td (10.14+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 232.07 Td (Change of Control 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 94.00 222.07 Td (Keiser) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 200.07 Td (10.15+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 200.07 Td (Employment Agreement, dated as of 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 94.00 190.07 Td (Wahlman) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 167.07 Td (10.16+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 167.07 Td (Employment 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 53.00 142.07 Td (10.17+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 142.07 Td (Amendment to Employment 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 94.00 132.07 Td (and Steven Issa) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 102.07 Td (10.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 102.07 Td (Termination and Non-Renewal Agreement, dated as of April4, 2013, by and among Customers Bancorp, Inc.,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 92.07 Td (Acacia Life Insurance Company, and Ameritas Life Insurance Corp., incorporated by reference to Exhibit 10.1 to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 82.07 Td (the Customers Bancorp Form 8-K filed with the SEC on April10, 2013) Tj ET Q endstream endobj 311 0 obj <>] /Rotate 0 /Contents 312 0 R>> endobj 312 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 31.60 Td (154) 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 (10.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 717.07 Td (At Market Issuance Sales Agreement dated as of December 23, 2015, by and among the Company, FBR Capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 707.07 Td (Markets & Co., MLV & 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 94.00 697.07 Td (Customers Bancorp Form 8-K filed with the SEC on December 23, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 677.07 Td (10.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 677.07 Td (Termination of At Market Issuance Sales Agreement dated as of January 20, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 647.07 Td (21.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 647.07 Td (List of Subsidiaries of Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 628.07 Td (23.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 628.07 Td (Consent of BDO USA, LLP, filed herewith) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 609.07 Td (31.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 609.07 Td (Certification of the Chief Executive Officer Pursuant to Exchange Act Rule 13a-14\(a\) or Rule 15d-14\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 590.07 Td (31.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 590.07 Td (Certification of the Chief Financial Officer Pursuant to Exchange Act Rule 13a-14\(a\) or Rule 15d-14\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 571.07 Td (32.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 571.07 Td (Certification of the Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 561.07 Td (906 of the Sarbanes-Oxley Act of 2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 542.07 Td (32.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 542.07 Td (Certification of the Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 532.07 Td (of the Sarbanes-Oxley Act of 2002) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 513.07 Td (101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 513.07 Td (Interactive Data Files regarding \(a\) Balance Sheets as of December31, 2015 and 2014, \(b\) Statements of Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 503.07 Td (for the years ended December31, 2015, 2014 and 2013, \(c\) Statements of Comprehensive Income for the years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 493.07 Td (ended December31, 2015, 2014 and 2013, \(d\) Statements of Cash Flows for the years ended December31, 2015,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 483.07 Td (2014 and 2013, \(e\) Statements of Changes in Shareholders Equity for the years ended December31, 2015, 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 473.07 Td (and 2013 and \(f\) Notes to Financial Statements for the years ended December31, 2015, 2014 and 2013.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 454.07 Td (+) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 454.07 Td (Management Contract or compensatory plan or arrangement) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 313 0 obj <>] /Rotate 0 /Contents 314 0 R>> endobj 314 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 771.2669921875 m 120.9521484375 771.2669921875 l s q 0 0 1 rg BT 50.00 772.60 Td (T) Tj ET Q q 0 0 1 rg BT 55.41 772.60 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 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 273.85 742.25 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 304.78 742.25 Td (TURES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.00 718.25 Td (Pursuant to the requirements of the Section13 or 15\(d\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 430.58 718.25 Td (Act of 1934, the registrant has ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 626.75 m 562.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350.5 536.75 m 562.5 536.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 662.48 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 632.32 Td (February 26, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 632.32 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.00 632.32 Td (/s/ Jay S. Sidhu) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 617.32 Td (Name:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.00 617.32 Td (Jay S. Sidhu) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 602.32 Td (Title:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.00 602.32 Td (Chairman and Chief Executive Officer) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 316.00 572.48 Td (Customers Bancorp, Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 542.32 Td (February 26, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 542.32 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.00 542.32 Td (/s/ Robert E. Wahlman) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 527.32 Td (Name:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.00 527.32 Td (Robert E. Wahlman) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 512.32 Td (Title:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.00 512.32 Td (ChiefFinancial Officer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 483.25 Td (Pursuant to the requirements of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 276.05 483.25 Td (Act of 1934, this report has been signed below by the following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.25 Td (persons on behalf of the Registrant and in the capacities and on the dates indicated.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 432.75 m 153.5 432.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 380.75 m 153.5 380.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 328.75 m 153.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 283.75 m 153.5 283.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 238.75 m 153.5 238.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 193.75 m 153.5 193.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 148.75 m 153.5 148.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 103.75 m 153.5 103.75 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 85.05 450.93671875 m 117.9328125 450.93671875 l s q 0 0 0 rg BT 85.05 452.00 Td (Signature:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.75 452.00 Td (Title\(s\):) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 452.00 Td (Date:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 437.42 Td (/s/ Jay S. 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